ARE NEW CONDO APARTMENTS FOR YOU?

CAN YOU AFFORD CONDO RENTAL PRICES WITH ALL THE AMENITIES?

THEN TAKE A LOOK IN KEW GARDENS NEW YORK. OLD FACTORY BUILDING TAKING ON A NEW LOOK. THEIR IS SOME QUALITY THERE. FINE  LIVING COULD AWAIT YOU.  MAKE AN APPOINTMENT AND GO SEE THEM.

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Property Link: http://www.exitrealestatenurse.com/real-estate/Special-Listings/Rental/property/1957-8330-Kew-Gardens-Rd-Kew-Gardens-NY-11415/

83-30 Kew Gardens Rd
Kew Gardens, NY 11415

Special Listing # 1957 - Special Listings - Rental

14 Available Units

$1,800 - $4,000/month
1 - 3 Bedrooms
1 - 2 Full Bathrooms

0 Half Bathroom

Property Details

New Construction Condo Rental Building now open to leasing. 1-3 Bedrooms are available. The units range from 609 Sq/Ft. - 1845 Sq/Ft. plus units with terraces. 1Bedroom residences with home office + private outdoor terraces are available. Gas, Heat and Water included in rent. Gym and Family Room and Tenant Lounge with WiFi all included in the rent. Underground Parking to be available. Each kitchen is outfitted with GE Professional Appliances. Each Unit contains Dishwasher, Microwave, Refrigerator and Stove. Brazilian Blue Granite Counter Tops. Washer and Dryer in some units, also on each floor. The building has a live-in Super. Never without maintenance 24hrs a day. 23 minutes to Manhattan via E & F Train. 15 minutes to Penn Station via LIRR. Children enjoy close parks and recreation. Elementary School PS 99 is 1 block away. Call me today for a showing 917-922-7781

Rent	Available Units	Bedrooms	Full Baths	Half Baths	Square Feet	Remarks
1800	10	1	1	0	676	One Bedroom to Three bedroom Penthouse
4000	3	3	2	0	1875	3 Bedroom Duplex, Bath and 2 Terraces.
2800	1	2	2	0	840	2 Bedroom 2 Bath Terrace

Property Details
County	QUEENS
Style	CONDO LIVING
Subdivision
School Information
School District	28
High School	CHOICES
Middle School	Russell Sage
Elementary School	PS 99

Map & Directions

1 Block from corner of Lefferts Blvd. and Kew Gardens Rd. directly across for Maple Grove cemetery.

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Listing information for 83-30 Kew Gardens Rd, Kew Gardens, NY 11415 was graciously provided by our friends at the listing brokerage,

JACKSON HEIGHTS STORE FOR SALE

http://www.exite-listings.com/etour.html/TOURID/95537

81-14  Northern Blvd.
Jackson Heights, NY 11372

Special Listing #1956

$300,000
Property Type: Business Opportunity
2000 Square Feet

Listing Agent

Robert Ritchie917-922-7781 Cell
718-848-5900 Office 

81-14 Northern Blvd. Jackson Heights, NY 1137

Property Details

Great Location. Busy Area. Heavy Residential Traffic. All Invetory Included. Store Lic.To Sell Beer, Tobacco, Lotto, Health & Beauty Products And Household Goods. Discount And Variety Items Throughout Store. 1 Stop Shopping For Many Home Needs

Save Energy For Summer : Flip Your Ceiling Fan Rotation

Memorial Day is over and the summer feel is on. Time to do some things around the house. Make some changes to save you some cash.

Memorial Day marks the unofficial start of summer and, in many parts of the country, weekend weather was indistinguishable from what one might expect in August.

Temperatures climbed into the 90s throughout the Southwest, South Central, Midwest and Southeast and even crossed 100 degrees in parts of Kansas.

For homeowners with ceiling fans, the change of season offers a timely reminder to change the direction in which ceiling fan blades rotate. Properly-rotating ceiling fan blades not only cool your home more efficiently, but can lower your energy bill, too.

Ceiling fans are meant to amplify your home's natural heating and cooling systems. Using the equivalent energy of a 100-watt light bulb, on a cool day, a ceiling fan will recirculate warmer air, making a room feel up to 6 degrees warmer.

On a warm day, a ceiling fan can reduce a room's effective temperature by 4 degrees. It accomplishes this by pushing colder air back into a room, creating a "windchill effect" on the skin. This is a far more economical way to regulate temperature as compared setting a home thermostat up or down by 4 degrees.

The key is to have the ceiling fan blades running in the proper direction.

• When your home's heating system is on, rotate fan blades clockwise
• When your home's cooling system is on, rotate fan blades counter-clockwise

For additional cost savings with a ceiling fan, remember to turn it off when you're not in the room. Ceiling fans don't cool the air; neither do they warm it. Rather, ceiling fans move air which gives the sensation of a room being cooler or warmer. With nobody in the room, there's no need to run the fan.

If your home is without ceiling fans, and you'd like to install one or many, the process is inexpensive and easy. There are videos online which walk you through the steps, or you can call a qualified electrician. Need an electricians name?  Call or email me -- I'm happy to offer a referral in the NYC area.

Stay cool, don't sweat it!!!

Till next time

THE NEW YORK REAL ESTATE NURSE^sm  

30-Year Fixed Rate Mortgage Rates Fall To 3.78% Nationwide

MORTGAGE RATES CONTINUE TO BE INSANE!  When Crazy Eddie was selling, people were buying. New York City homes are selling. Thank you mortgage rates. People are buying.

For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows.

According to this week's Primary Mortgage Market Survey from Freddie Mac, "prime" mortgage applicants willing to pay 0.8 discount points plus closing costs can secure a mortgage rate of 3.78%, on average.
This is a small improvement in rate over last week when the average 30-year fixed rate mortgage rate was 3.79% with 0.7 discount points.

1 discount point is equal to 1 percent of your loan size.

Like everything in real estate, though, mortgage rates are local. Freddie Mac reports that the mortgage rates available to consumers varied by region.

• Northeast Region : 3.78% with 0.7 discount points 
• West Region : 3.74% with 0.9 discount points
• Southeast Region : 3.79% with 0.7 discount points
• North Central Region : 3.83% with 0.6 discount points
• Southwest Region : 3.81% with 0.7 discount points

North Central Region residents currently pay the lowest fees and get the highest rates. For residents of the West, it's the opposite. Everywhere, however,mortgage rates are down. As compared to one year ago, today's monthly carrying cost for a conforming, 30-year fixed rate mortgage is lower by $50 per $100,000 mortgaged, or $600 per year.

A $300,000 mortgage would save $1,800 annually.

Mortgage rates have been dropping because Wall Street remains concerned for the futures of Greece, Spain, Italy and the European Union. Several European nations are at-risk for a sovereign debt default and Greece remains a threat to leave the EU. To protect against potential loss, investors have been moving money away from risky holdings toward safer ones -- a class that includes U.S. mortgage-backed bonds.
As demand for the bonds rise, prices do, too. This leads mortgage rates lower and so long as economic uncertainty remains, mortgage rates are expected to stay low.

Low mortgage rates make this a good time to buy or refinance a home. Talk to your loan officer to review your mortgage options.

Keep it simple and do the math when refinancing. Best deals are always 2 points away from where you are now.

Till next time

THE NEW YORK REAL ESTATE NURSE^sm  

Home Affordability Reaches New High In Q1 2012

Start the presses. Please take notice. Investors are swiping up properties at a fast rate. Foreclosures are gone in no time.

The housing market in the NY Metro area is humming along and you can't get out of the way. Price it right and bye, bye baby. Gone in a flash. Under Contract, that's the word.

Falling mortgage rates and stagnant home prices are making a positive effect on home affordability nationwide. Never before in recorded history have so many homes been affordable to households earning a moderate annual income.

Last week, the National Association of Home Builders reported the Home Opportunity Index at 77.5 -- its highest reading of all-time. The index indicates that more than 3 of every 4 homes sold last quarter were affordable to households earning the national median income of $65,000.

Last quarter marks the 12th straight quarter -- dating back to 2009 -- in which the index surpassed 70. Prior to this run, the index had never crossed 70 even once.

That said, like most real estate statistics, the Home Affordability Index has a national purview. National data is of little value to homeowners in specific cities such as New York City , or in specific neighborhoods such as Brooklyn, Queens and  Da Bronx.

Last quarter, home affordability varied by region.

In the Midwest, for example, affordability was highest. 7 of the top 10 most affordable markets nationwide were spread throughout Ohio, Michigan, Illinois and Indiana. The top two spots, however, went to an East Region town (Cumberland) and a Pacific Northwest Region city (Fairbanks, Alaska), respectively.

The top 5 most affordable cities for home buyers in Q1 2012 were:

1. Cumberland, MD (99.0%)
2. Fairbanks, AK (98.9%)
3. Wheeling, WV (97.0%)
4. Kokomo, IN (95.8%)
5. Indianapolis, IN (95.8%)

At #17, the Lakeland/Winter Haven, Florida area was the top-ranked South Region city last quarter.

By contrast, the Northeast Region and Southern California ranked among the least affordable housing markets -- again. Led by the New York-White Plains, NY-Wayne, NJ area, 8 of the 10 least affordable areas were in the Mid-Atlantic and California, and for the 16th consecutive quarter the New York Metro area was ranked "Least Affordable".

Just 31.5 percent of homes were affordable to households earning the area median income there, up from 25.2 percent six months ago.

As you see, the New York Metro area is becoming more affordable.

The rankings for all 225 metro areas are available for download on the NAHB website.

Location, location and location dictate prices and competition. Homes are selling like hotcakes fresh off the griddle here in Queens and Brooklyn. If its priced right? Its gone.

Till next time

THE NEW YORK REAL ESTATE NURSE^sm  

Reverse Mortgages : Pros And Cons

Despite several big-name banks pulling the product from their respective home loan offerings, reverse mortgages remain a popular mortgage choice among homeowners aged 62 or over.

A reverse mortgage is exactly what it sounds like -- a mortgage in reverse. Rather than borrow a fixed amount of money then pay that loan balance down to zero as with a "forward" mortgage, a reverse mortgage starts at a given loan balance and works its way up as scheduled payments are added to the existing loan balance.

This 4-minute piece from NBC's The Today Show highlights a few pros and cons of reverse mortgages, and the reasons why you may want to consider one, including :

• No mortgage payments are ever due on your home
• There is no credit check required for a reverse mortgage
• There is no income requirement to qualify for a reverse mortgage

There are some basic qualification standards for the reverse mortgage program including a requirement that all borrowers on title must be 62 years of age or older; and that the subject property be a primary residence.

Loan fees can also be higher than with a conventional-type mortgage.

If you meet the qualification standards, though, with a reverse mortgage, you have flexibility in how your home equity is distributed to you. You can receive a lump-sum payment, elect for monthly installments over time, create a line of credit, or a combination of all three.

Like all mortgages, reverse mortgages are complex instruments. That's one reason why all reverse mortgage borrowers are required to attend counseling -- the government wants you to be certain that you understand the nuances of the reverse mortgage program.

Your lender will want you to understand the program, too.

It's not for everybody, unfortunately it may be a last resort for those who are having a hard time paying their bills. Counseling is a must. Fortunately the product is there for those who need it.

Till next time

THE NEW YORK REAL ESTATE NURSE^sm  

Planning For A Memorial Day Closing

REALTOR'S ON VACATION!!! NO OPEN HOUSE.

Stay prepared when everybody is off from work.

Planning to close on your home at the end of May? Plan ahead.

Memorial Day is coming and the holiday may delay your closing.

Memorial Day marks the unofficial start of summer and the 3-day Memorial Day weekend is a popular vacation time in real estate-related industries.

Real estate agents tend to take time off because fewer of their clients are actively home shopping on a holiday weekend; mortgage lenders are closed because banks don't operate on a federal holiday; and, title agents are often away from the office because the former two groups aren't working.

But what's supposed to be a 3-day weekend is actually a 4.5-day one. This is because many people leaving for a Memorial Day vacation will not go to work on the Friday before the holiday, and then getting back into the "work groove" on Tuesday can be a half-day affair.

Therefore, if you're under contract to buy a home in Brooklyn , Queens and NYC or to sell one; or if you have a refinance in progress that's expected to close at month-end, there are some steps you should take to get pro-active with your closing. If you're going to lose 4-and-a-half days at the end of the month, you'll want to try to make those days up while the month is still young.

Here are 3 quick tips to speed up your closing and approval.

First, get your homeowners insurance policy picked out. Do your comparison shopping, select an insurer, and then prepay your first year of insurance, effective your closing date. Pay by check and not credit card, if possible, to avoid harming your credit score.

Provide your proof of payment to your lender immediately.

Next, if you're using a Power of Attorney, have your documents signed by all interested parties and submit them to your lender for review. Don't assume that your attorney's Power of Attorney documents will be acceptable to a bank -- banks require specific verbiage. If the documents are rejected, make the requested fixes and resubmit.

Banks do not compromise on Power of Attorney letters.

And, lastly, if you're accepting gifts or using retirement funds for your downpayment, be sure to have your paperwork reviewed and on file with your lender as soon as possible. Do not wait to withdraw funds until just before closing, either. Have everything in the proper checking account at least one week in advance, and ready for your closing.

There are other steps you can take, too, to make sure your end-of-May closing goes smoothly and they all amount to "preparedness".

When you're asked for paperwork, provide it quickly. When you're asked to sign a document, sign it on the same day. When you're needed to attend a home inspection or an appraisal, do it during your first available opening.

Just leave as little as possible to the "last minute", and everything should go well.

Till next time

THE NEW YORK REAL ESTATE NURSE^sm