• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

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5 Ways to Make a Front Porch Summon Buyers

NAR Daily News Magazine - March 30, 2018 - 12:00am

It’s the first space buyers will see during a showing, so don’t neglect to spruce it up. These attention-grabbing ideas can make a...

Categories: Real Estate

Rental Market Sees More ‘Normal Conditions’

NAR Daily News Magazine - March 30, 2018 - 12:00am

Costs of apartment leases are moderating, and incomes are rising, which is creating a much more financially comfortable situation for renters...

Categories: Real Estate

How Unstaged Rooms Hamper a Home Sale

NAR Daily News Magazine - March 29, 2018 - 12:00am

Sellers may be shooting themselves in the foot when they leave a room empty, dark, or cluttered. Here’s the effect each offense has on a...

Categories: Real Estate

Sotheby’s Brings Augmented Reality to Real Estate

NAR Daily News Magazine - March 29, 2018 - 12:00am

The brokerage has launched an app that lets home buyers instantly see design possibilities by virtually staging an empty room in a listing.

Categories: Real Estate

Startups Aim to Help Renters in Pricey Markets

NAR Daily News Magazine - March 29, 2018 - 12:00am

Some companies are teaching cash-strapped renters how to qualify for an apartment and budget for hikes in rental costs.

Categories: Real Estate

New App Assesses Quake Risk for Californians

NAR Daily News Magazine - March 29, 2018 - 12:00am

The California Geological Survey is helping state residents learn how close they live to a fault line, using interactive maps that can be accessed...

Categories: Real Estate

Study: ‘Affordability Crisis’ Is Worsening

NAR Daily News Magazine - March 29, 2018 - 12:00am

Finding a home in an affordable price range is getting increasingly difficult across the country, not just in expensive coastal markets. 

Categories: Real Estate

Home-Selling Can Come With $18,000-Plus Price Tag

RisMedia Consumer News - March 28, 2018 - 3:37pm

Are you a homeowner listing your property for sale? Consider the expenses that are often overlooked by sellers: cleaning costs, moving costs, painting, staging…

“Even in the hottest housing markets in the country, selling a home takes time and costs money,” says Jeremy Wacksman, CMO at Zillow, which assessed the costs that come with listing in the recently released “2018 Hidden Costs of Selling” report.

“From decluttering and staging to pre-inspections, agents and homeowners often spend months behind the scenes prepping a home—well before it’s listed on the market,” Wacksman says. “If you’re planning to sell this year, try to take some time to research what costs you may be responsible for and how they could affect your profit, or even budget for your next house.”

According to the analysis by Zillow, the average homeowner is on the hook for $18,342 when selling, with $4,985 allocated to prep projects and $13,357 going to the agent’s commission and sales taxes. The data was drawn from Thumbtack, which offers quotes for professional services.

Costs differ by market, the analysis found. In San Jose, Calif., where the median price is one million-plus, the average cost to sell is $81,507; in Cleveland, Ohio, where the median price is $137,600, the average cost to sell is $12,986. (Get the complete data for the largest markets.)

Carrying out improvements, though pricey, is worth it, says Lucas Puente, economist at Thumbtack.

“While there could be some initial sticker shock associated with the costs of selling a home, investing in home improvement projects like painting and home staging often proves to be very valuable in the long run,” Puente says. “Homeowners starting to think about selling should take time to research and budget for the projects that can ultimately help sell their home faster and at a higher value.”

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Home-Selling Can Come With $18,000-Plus Price Tag appeared first on RISMedia.

Categories: Real Estate

Contract Signings Start Spring Season on High Note

NAR Daily News Magazine - March 28, 2018 - 12:00am

Pending home sales reversed course in February, increasing in most areas of the country even as a shortage of homes for sale and higher home...

Categories: Real Estate

Facebook Accused of Allowing Discrimination in Housing Ads

NAR Daily News Magazine - March 28, 2018 - 12:00am

Several fair housing organizations sued Facebook on Tuesday, accusing the social media giant of allowing landlords and brokers to discriminate on...

Categories: Real Estate

Some Owners Making Efforts to Cut Property Taxes

NAR Daily News Magazine - March 28, 2018 - 12:00am

The new federal tax law puts a limit on property tax deductions, causing some homeowners to find it beneficial to appeal their property taxes.

Categories: Real Estate

Loan Activity Gets a Boost, Despite Rising Rates

NAR Daily News Magazine - March 28, 2018 - 12:00am

An increase in mortgage rates didn’t suppress loan demand in the kickoff to the spring buying season.

Categories: Real Estate

The Cost to Be Single in the City

NAR Daily News Magazine - March 28, 2018 - 12:00am

The Economic Policy Institute has updated its family budget calculator to show how far incomes stretch in a number of U.S. cities.

Categories: Real Estate

Bitcoin Radiators: A New Hot Trend?

NAR Daily News Magazine - March 28, 2018 - 12:00am

A European company is preparing to start production on a room heater powered by cryptocurrency mining hardware.

Categories: Real Estate

Overused Sales Jargon That Turns Clients Off

NAR Daily News Magazine - March 27, 2018 - 12:00am

Find out some of the words and phrases that are most egregious when giving a sales pitch and why they don’t work with today’s...

Categories: Real Estate

Little-Known Factors Affecting Home Values

NAR Daily News Magazine - March 27, 2018 - 12:00am

Location, crime, and neighborhood comps are obvious items that can affect your listing’s sales price, but there are more invisible...

Categories: Real Estate

Will ‘Granny Flats’ Resolve Housing Shortages?

NAR Daily News Magazine - March 27, 2018 - 12:00am

Some economists believe so, and are calling on more municipalities to relax rules to allow these accessory dwelling units to be built on or into...

Categories: Real Estate

How Much Renting Is Costing Millennials

NAR Daily News Magazine - March 27, 2018 - 12:00am

By the time the generation turns 30, they’ll have paid $92,600 in rent, according to a new study. 

Categories: Real Estate

With Higher Rates, Does Refinancing Pay Off?

NAR Daily News Magazine - March 27, 2018 - 12:00am

Increased borrowing costs are enticing fewer homeowners to refinance, forcing some lenders to get more competitive on purchase loans to make up...

Categories: Real Estate

New-Home Sales Underperform in February

NAR Daily News Magazine - March 26, 2018 - 12:00am

They dropped for the third consecutive month, mostly due to lower sales in the Midwest and West.

Categories: Real Estate