Dan's Real Estate

Co-op with some nice incentives available

2012-02-10T12:45:00.001-05:00

I have been somewhat remiss in my lack of postings. The co-op I have listed in Woodmere is still available and offering some nice incentives.

Superb Pre-War Building, High Ceilings Throughout, Spacious L/R, Large M-Br, 1 Full Bath, Newly Refinished Kitchen W/ Granite, New 20Cf Fridge. Great Use Of District 14 Swimming Pool And Library W/Many Activities. Super On Premises. Maint. Fee Does Not Include Star. Owners May Sublet.

**1 Month Maint. Fee Paid By Seller @ Closing If In Contract By 2/29/12 **

Click here to see a virtual tour and more images and info about the property

Contact me for more info

Still on the market

2011-11-15T22:38:00.000-05:00

The co-op I have listed at 29 Woodmere Blvd. is still on the market. Its great apartment in a beautiful neighborhood, but why isn't it selling? It's got everything going for it, it’s well maintained, always clean top to bottom, yet no matter how many different marketing angles we try we just can’t seem to get it sold. Is it something that we as agents are doing wrong? Is it something the seller is doing wrong? The answer is neither and unfortunately there isn't much to do about it. The price is right, at $144,999 it has appraised at $150K, but the co-op market is so dead that no matter what we do only time will get this wonderful steal of a deal sold. Once the housing market turns around the co-op market will follow suit. So my best advice to all of you co-op sellers out there, hang on and for all of your co-op buyers out there still sitting on the fence. Go for it, the pricing on all the co-ops are super low as anyone trying to sell is near desperate just to get a decent buyer they will do anything they can to make a deal. Give me a call if you would like to discuss or see this place.

New to the Market: 29 Woodmere Blvd. Woodmere, Ny 11598

2010-10-29T12:12:00.002-04:00

Why do I need a real estate agent anyway?

2010-03-02T23:00:00.005-05:00

When I was looking to purchase my first home I specifically tried to find the FSBO's (For Sale By Owner) thinking that that is where the best deals could be found. It's easy to negotiate with a homeowner face to face, right? How hard is it to look at a house and decide whether this is "the one for me". So my answer to you is yes you are right you don't really need a real estate agent to show you a house, a monkey can show you a house and that is sufficient. The real estate professionals job begins, not when he or she shows you a house, its once you make your offer. If you offer is accepted your Realtor's job kicks into full gear, getting the proper documents signed and delivered to your attorney and to the sellers attorney. The Realtor needs to hold the deal together to make sure it moves along smoothly and that the deal gets done. I can't tell you how many occasions I have been involved in getting attorney's to continue negotiations in order not to kill a deal. This all goes on behind closed doors and ofter times unbeknownst to the buyers and sellers. Yes the attorney's will often times have lack of communication between each other and just kill a perfectly good deal because the can't get along. I have often times been the intermediary between the attorney's to make sure that they can play nice together. If they can't I will do my best to make sure the deal gets done anyway. This will sometimes mean that I am the document collector and date scheduler. Whatever it take to push the deal through is what a good Realtor will do. So while on the surface a real estate agent appears to simply be some bozo who shows you where the closets and bathrooms are, they are really only pointing those features out to be polite, don't underestimate their value because it's only days and weeks after you have an accepted offer and are sitting at a closing table that you can really appreciate how helpful that door opening bozo can truly be.

Current Housing Market

2009-11-27T14:19:00.002-05:00

Many people are asking me about the current housing market conditions in Nassau County (NY), specifically in the following five towns, Woodmere, Cedarhurst, Lawrence, Inwood and Hewlett. In general, the real estate market is very slow, but I definitely see some signs of a comeback in Nassau County.

For example, the single-family homes are starting to move. There is a pick-up in activity in the number of transactions as we approach the end of 2009 amid low interest rates and available inventory. The sector having some difficulty recovering is the Co-Op market. In general, Co-Ops have been always an attractive option for buyers with lower budget but this time there is still enough people who fear to lose their job after the purchase.

The main factor that helps the housing market in Nassau County (NY) is the fact that the government has extended its economic stimulus plan to buyers - all purchases must be under contract by April 30, 2010. The credit applies to first time homebuyers as well as to current homeowners if they have lived in their homes for five of the last eight years. First time homebuyers are eligible to receive up to $8,000 tax credit and current homeowners up to $6,500.

Personally I think there are many deals out there and buyers may take advantage of low financing and credits for their new purchases

Obama signs the new home buyer tax credit bill!

2009-11-09T14:09:00.001-05:00

RISMEDIA, November 9, 2009—President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010.

The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.

The following details apply to the homebuyer tax credit expansion:

Who is Eligible
-First-time homebuyers, who are defined by the law as buyers who have not owned a principal residence during the three-year period prior to the purchase, may be eligible for up to an $8,000 tax credit.
-Existing homeowners who have been residing in their principal residence for five consecutive years out of the last eight and are purchasing a home to be their principal residence (“repeat buyer”), may be eligible for up to a $6,500 tax credit.
-All U.S. citizens who file taxes are eligible to participate in the program.

Income Limits
Homebuyers who file as single or head-of-household taxpayers can claim the full credit ($8,000 for first-time buyers and $6,500 for repeat buyers) if their modified adjusted gross income (MAGI) is less than $125,000.
-For married couples filing a joint return, the combined income limit is $225,000.
-Single or head-of-household taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 are eligible to receive a partial credit.
-The credit is not available for single taxpayers whose MAGI is greater than $145,000 and married couples with a MAGI that exceeds $245,000.

Effective Dates
-The eligibility period for the tax credit is for homes purchased after Nov. 6, 2009, and before May 1, 2010. However, home purchases subject to a binding sales contract signed by April 30, 2010, will qualify for the tax credit provided closing occurs prior to July 1, 2010.

Types of Homes that Qualify
-All homes with a purchase price of less than $800,000 qualify, including newly-constructed or resale, and single-family detached, townhomes or condominiums, provided that the home will be used as their principal residence. Vacation home and rental property purchases do NOT qualify.

Tax Credit is Refundable
-A refundable credit means that if the amount of income taxes you owe is less than the credit amount you qualify for, the government will send you a check for the difference.

-For example:
-A first-time buyer who qualifies for the full $8,000 credit who owes $5,000 in federal income taxes would pay nothing to the IRS and receive a $3,000 payment from the government. If you are due to receive a $1,000 refund, you would receive $9,000 ($1,000 plus the $8,000 first-time homebuyer tax credit).
-A repeat buyer who owes $5,000 would pay nothing to the IRS and receive $1,500 back from the government. If you are due to get a $1,000 refund, you would get $7,500 ($1,000 plus the $6,500 repeat buyer tax credit).
-All qualified homebuyers can take the tax credit on their 2009 or 2010 income tax return.

Payback Provisions
The tax credit is a true credit. It does not have to be repaid unless the home owner sells or stops using the home as their principal residence within three years after the purchase.

The www.federalhousingtaxcredit.com site is being updated. Check the site next week for more detailed information on the new tax credit.

For more information, visit www.nahb.org.

NEW commercial listing

2009-10-20T23:21:00.003-04:00

open house this coming Sunday 10/25/09

2009-10-20T02:40:00.001-04:00

We are running an open house at 29 Woodmere Blvd, #2C this coming Sunday October 25,2009 (10/25/09) from 11am-4pm. It is by appointment only so if you would like to check it out, give me a call and I will schedule a showing for you.

Home buyer tax credit issues # 2

2009-09-30T11:44:00.001-04:00

Information about the first time home buyer tax credit

2009-09-29T11:13:00.001-04:00

Where does the market stand today?

2009-09-23T13:28:00.004-04:00

Well the time to buy is now. The West Hempstead and Five Towns market are starting to heat up. The bank owned and short sale deals are moving fast and the standard purchases are following suit. If you are looking for a short sale or foreclosure deal, better get on your horse and start moving because they are going quick. If you want info on any of there type of properties get in touch with me. The residential market still has some deals out there although they are not as great as they were a few months back. Sorry guys you may have missed the boat on some of these.

House Hunting Tips

2009-03-03T16:17:00.008-05:00

How to maximize your homes selling potential

2009-03-03T16:17:00.007-05:00

Cost vs. Value for resale

2009-03-03T16:17:00.006-05:00

The home inspection process

2009-03-03T16:16:00.005-05:00

Preparing for an open house

2009-03-03T16:16:00.003-05:00

Financing your new home

2009-03-03T16:15:00.002-05:00

Who are the people involved in the real estate transaction?

2009-03-03T16:11:00.002-05:00

Co-Op for sale in Woodmere; PRICE REDUCED

2009-02-10T17:29:00.009-05:00

Do you know anyone looking to buy a beautiful 2 bedroom 1 bathroom co-op in Woodmere? I currently have one listed and would like to get it sold fast. The sellers put in brand new kitchen cabinets and granite countertops. It is really sharp! Come check it out. Give me a ring or shoot me an email to setup an appointment.

In the mean time check out the virtual tour. 516-417-8131
www.obeo.com/drosenbaum

Welcome to my Blog

2008-01-16T23:14:00.001-05:00

Hi Everyone,

Thanks for visiting my blog. I am a real estate salesman in the West Hempstead and 5 towns area. If you are looking to buy or sell a home or commercial real estate in the NY area give me a call, shoot me an email, or drop a line on the blog and I'll reply superfast!

Happy Blogging,

Dan