Great Neck Plaza (Great Neck, NY)
By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
Renovate and expand, buy another, or build new? By theisland360.com - June 9, 2024 0 Phil Raices  Share  Tweet  Pin  Email  Share You’ve been in your current home for longer than you anticipated.  Your family is growing and you need more space and potentially more tax deductions to reduce your taxable income. You need to decide whether to expand the footprint of your home and increase the living space, find another home to renovate or buy a piece of land to build a new home. Staying put and doing the necessary expansion and upgrade to increase the size of your home is possible, but at what cost? Finding a piece of land in your local area just might be feasible if you reside in Suffolk County, but it is somewhat doubtful within Nassau County. Lastly, finding a reasonably priced house in ...
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By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
I was attending our Legislative Meetings in Washington, D.C.this month.    I had been contemplating a very beneficial idea for those end-users who want to purchase a foreclosure to be able to reside in the home.There is a major dilemma, however, confronting those eligible first-time individual and family purchasers seeking grant money from local, state and federal programs. Who benefits the most from foreclosures, investors or end-users?Currently it is the investor.  Unfortunately, investors offer nothing to the community other than raising prices, after they fix and flip the home and put it back on the market to be resold once again, or adding one more available rental to the local market, thereby reducing the availability of homes for sale.The end-user who wants to purchase will build...
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By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
All Things Real Estate:  By Philip A Raices - April 15, 2024 0  Share  Tweet  Pin  Email  Share I have dealt with literally thousands of buyer and seller clients over the last 42-plus years, listening to their specific “needs and wants” in finding a purchaser for their homes and buyers in their search for their “next place to call home.” The one common denominator was the location, location and most importantly the school district. Even for those downsizing or who were empty nesters, the majority weren’t concerned or gave little thought to schools being of any importance.  I conveyed to them that the better the schools, the more stable the prices and potentially greater resale value. I have found and truly understand the importance of an excellent above-average education; the accompanyi...
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By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
Many Realtors went up to Albany on March 27-28.  This was our yearly pilgrimage and ritual to discuss and have a dialogue concerning proposals for new laws and regulations and their effect on real estate.  It was also the chance to explore current laws and ways to enhance and upgradethem for the current business environment in New York State.Their effect can be dramatic and costly for consumers and purchasers.  Laws that are enacted sometimes harm Realtors involved in the real estate industry in New York State.One of the major topics was the power that co-op boards have over purchasers, especially having to fill out an immense amount of paperwork providing a large amount of personal information. This is not a requirement when buying a condominium, townhouse, or HOA.As many as 1,500 page...
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By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
Philip A Raices -April 8, 2024   In the current real estate market, purchasing a co-op has been challenged by the rules and regulations that go hand in hand with completing the required board application and successfully passing the interview. Acceptable income, credit, and debt-to-income ratios will go a long way in reaching that happy ending. However, all boards in Nassau County have no outside oversight and accountability, as Suffolk County does. When a board turns down an applicant there, the board must respond within 45 days to explain to the respective applicant the reason or reasons why. In Nassau, there aren’t regulations that provide feedback to the purchaser when they are turned down. This allows those few who may indiscriminately decide not to allow a buyer to purchase. Disc...
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By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
Our Global Committee had an excellent networking and celebration on February 12, 2024, for the Lunar New Year, Year of the Dragon event @LOL Barbecue 66 Middle Neck Rd Great Neck NY  11021 (516) 708-1682.  This was the first time that I had ever eaten Korean Cuisine and was curious as to the different tastes and delicacies that they would offer.   It was set up to be a smorgasbord self-serve-styled venue.  What I discovered was so very tasty and well-presented cuisine.  The barbecue ribs, which I found out is what Korean food is known for as a specialty, were supreme.  The meat just rolled off the bone, just like excellent barbecue ribs.  There was the spicy and delicious string beans with some amazing sauce, that I couldn't get enough of.  They also had a popcorn-type chicken dish that...
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By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
If you are a seller, investor, purchaser, or even potential tenant, are you being properly advised and educated sufficiently enough, or seeking out someone to consult you about the current challenging market? Do you know enough about how to strategize and position yourself as a seller? If an investor, are you doing your due diligence when looking and finding a quality property and knowing the short and long-term R.O.I.? As a purchaser who has dropped out for a multitude of reasons, have you thought outside the box and your need and desire for creative and cutting-edge ways to keep you in the market? Even if you are looking for a rental, are you open to learning how you might potentially be in a position to purchase by listening and learning various strategies and methods of ways that y...
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Great Neck, NY Real Estate Professionals