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Sandra Wimett | The Deborah ("Debbie") Renna-Hynes Team EXP Realty Blog

Tuesday, March 26, 2013   /   by Sandra Wimett

Thinking of Selling? Read This..The News is Great!!!!!

Albany, NY – March 21, 2013 – The New York State housing market sustained its ongoing recovery in February, posting a 4.8-percent growth in the statewide median sales price for existing single-family homes, condos and co-ops, according to the housing market report released today by the New York State Association of REALTORS. Year-to-date closed sales are 3.3 percent ahead of the 2012 start, despite a sales decline in February. 
“The housing market continued to show a sustained recovery with the year-over-year median sales price increasing for the fourth consecutive month and pending sales nearly 10 percent ahead of last February,” said Duncan R. MacKenzie, NYSAR CEO, adding that available inventory has reached its lowest level since December 2005. “As the supply-demand balance continues to move in favor of sellers, we expect the growth in median sales price to continue.”
“The strong overall start to 2013 bodes well for the co. ...

Saturday, March 23, 2013   /   by Sandra Wimett

48 Hours In Rochester NY

ROCHESTER, New York (Reuters) - Synonymous with film photography, lilacs and classical music, Rochester offers an unusual array of attractions for a mid-sized U.S. city that brought industrial prowess to a scenic river gorge on Lake Ontario's southern shore.

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From top-ranked golf courses and national-landmark house museums to a children's emporium of play and America's oldest municipal park-garden cemetery, the city in western New York is crammed with surprises for visitors of all interests.
Its glacier-carved linchpin is a trio of waterfalls trumpeting the Genesee River's thunderous descent into Lake Ontario.
Reuters correspondents with local knowledge help visitors get the most out of a short stay in Rochester (pop. 210,855), variously known over two centuries as the Flour City, the Flower City and, less so of late, the World's Image Center.
5:30 p.m. ...

Friday, February 22, 2013   /   by Sandra Wimett

Investors and Section 8

There are three parties involved in a Section 8 transaction,  the tenant, the property owner and the government. If any one of these parties steps out of line, the other two can refuse to continue to do business with that non-conforming party.
The government sets the requirements for how they want their ‘clients’ to be treated when they show up on the landlord’s door with a voucher. If the landlord decides that the requirements for Section 8 are too difficult or that the requirements for being in the program won't work for him, he can choose not to accept those residents.
The resident gets a voucher that they can use to lease whatever meets theirs and Section 8’s needs and guidelines. The resident must abide by the terms of the lease or the landlord can evict them and the resident will lose their voucher. Once a voucher is lost, it is very hard to ever get it back. Powerful incentive to abide by the rules.
If you are looking to buy multifamily property and ; ...

Tuesday, January 29, 2013   /   by Sandra Wimett

Deciding How much To Spend On A House

Deciding how much to spend on a house is quite tough at times. You see a property and you like it so much that you are willing to pay thousands of dollars more for it. However, a word of caution is that you need money for other purposes in life such as education, entertainment, general monthly living expenses and savings. So, many financial advisers say that the debt to income ratio should not be in excess of thirty six percent for all  home buyers. Apart from this, you should have at least six months salary in cash in your savings bank account. In todays uncertain times this cash helps to protect you and your family from lifes sudden changes.
The size and value of the home you choose will depend on your yearly income. If the income is high, naturally your purchasing power would be more and  you would be in a position to buy an expensive home. You will have to compromise on your home price if your income is fluctuating, or not constant. You also need to tak; ...

Sunday, December 9, 2012   /   by Sandra Wimett

What Buyers Need

With todays record LOW interest rates we are seeing record numbers of buyers looking to purchase thier first home.This is great news for anyone looking to sell thier house. So with that in mind there are several steps buyers should take to ensure a smooth transaction and to make sure they don't lose the house they fall in love with. 1) You need a Good Realtor that can guide you through the paperwork and transaction 2) It is essential to be Pre-Approved by a trusted Loan Officer 3) Have a list of what is important in a home for you (i/e: basement, garage, number of bedrooms etc) 4) Be Realistic. 5) Contact me, I will handle 1-4 and also educate you on Grants and how not to become house poor.
The Deborah ("Debbie") Renna-Hynes Team EXP Realty
Deborah Renna-Hynes
590 Titus Ave
Rochester, NY 14617

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