Daily Archives: June 12, 2011

House hunting: Is this the best time to buy? | Bedford NY homes for sale

NEW YORK (Money) — My fiancé and I are saving up to buy a house in the not-too-distant future. We want to take advantage of the housing market, but he’s skeptical about whether this is the best time to buy. When do you think prices will go up? — S.R., Los Angeles

I can understand your fiancé’s reluctance given that house prices continue to weaken. The S&P/Case-Shiller Home Price Index released last week showed that prices fell nationally in the first quarter of this year.

That’s the third quarter in a row prices have dropped, taking them back to mid-2002 levels. Meanwhile, at the end of March the monthly index that tracks 20 large metro areas dipped below its previous low of April 2009, essentially confirming a double-dip in home prices for much of the country.

As for your city, Los Angeles, the stats weren’t quite as bad as those of the 20-metro area index of which it’s a part. Prices in L.A. still remain about 5% above their trough of May 2009, although they fell again in March, the eighth month in a row.

On a decidedly more positive note, though, your hometown did make our list of the Top 10 Turnaround Towns. Whether that turnaround will be in progress by the time you’re ready to buy is anyone’s guess.

But given the recent lackluster jobs report and the million-plus homes in foreclosure, I don’t think anyone is expecting a robust about-face anytime soon. But that doesn’t mean you and your hubby-to-be shouldn’t be out scouting the market for a house to buy.

Full Story on CNN Money

How I Quit My Job for Blogging in Armonk NY | Armonk NY real estate

This guest post is by Joshu Thomas of NapIncome.com.

Blogging is no more a mere hobby; it has become a full-time profession for many bloggers, including myself. Today I will share my journey as a blogger and how it helps me to earn a full-time income blissfully working from anywhere I like.

How it started

I had been working on diverse flavors of the Internet right from my college days. I used to earn a part-time income as a student by designing websites, and later I joined a multinational company as Information security engineer.
Corporate Work life is demanding and it never gave me any space to continue with my regular design and development hobby vocation. I was earning a decent income from my day job, but I failed to enjoy the work due to towering work pressure and deadlines.

I had a website that I registered early in the year of 2002 and used to receive web designing gigs from it. I don’t exactly remember when, but I transformed the website into a blog mainly to save the tutorials and code snippets as it could serve as a reference on the web for me to access from anywhere. This is how my blog was born.

The power of a web log

It began to become a routine that I stored all my new learning from the few web-based projects that I used to do on to the blog as a reference. Gradually I started observing that there were others who were interested in what I was writing as well.

Over time, I was overwhelmed by the response I was receiving from what I built for my personal use. This is when I thought, “Why not transform the blog into a webmaster community?”

I increased the frequency of updating quality unique tutorials and tips that I learned the hard way. Within a period of six months of an organized blogging approach, my traffic ranks were soaring. This was the power of the SEO-friendly advantage the WordPress system.

Taking it seriously

Within nine or ten months of blogging, I had already begun researching and learning a lot on the WordPress system, SEO, and internet marketing for improving my blog, and simultaneously shared that information on my blog as well.

The response I was receiving from my blog visitors, their comments, and traffic was the biggest source of enthusiasm and encouragement. I have developed many websites for myself and my clients, but never received this much consistent traffic ever! I had to take this seriously—and I did.

The flow of dollars

Now it was already a year and a half when I seriously started learning and implementing monetization of my blog traffic. I was under an impression that Google Adsense was the only method to monetize my blog content and traffic.

By that time, I was earning five or six dollars a day from the blog traffic, and that looked good for me. Approximately US$200 of additional income was great for me at that time. Gradually I started to explore and read more about monetization strategies, and I found affiliate marketing!

An earnings increase

Even though it is true that passion for blogging is the primary requirement for successful blogging, your earning from a blog will be a substantial fuel to your blogging journey.

Soon, along with my regular blogging efforts, I started to promote and review the best products on the Web. It is very critical that you only recommend what you have tried and tested: an honest review will certainly get your more fans and followers.

Gradually, I started to discover the power of affiliate marketing. And eventually, a single sale was fetching me more money I used to earn from half a month’s AdSense income. So gradually I started to write more quality articles and was doing in-post product recommendations.

Balancing job and blogging

It was already more than a year through my serious blogging effort. I used to return from my office each day and write one article for my blog. I’d also dedicate one hour to SEO and SMO tasks. On the weekends, I used to work four or five hours a day on content and keyword research.

By now, both my blog’s income and traffic were steadily growing, and when I started to earn around 70% of my regular job’s income, I started to think about blogging full-time.

The big decision

I was really enjoying the fact that my blog was becoming popular—the strongest proof of that was the fact that lots of people started involving themselves in discussions on my blog, and posting comments. I hate spam comments, so it was a pleasure to answer real people—and this was another form of encouragement.

After almost one and a half years of dedicated blogging, I was now earning more income than my day job and I started seriously thinking of making the leap to full-time blogging. At that point of time in India, US$1000 was my salary from my day job, and it used to be a pretty good income. But I was earning around US$1500 from blogging, and that played on my mind.

I didn’t want to make a foolish decision in hurry, so I thought I’d continue the same way and observe my income for three months. If it was consistent, I’d quit my job.

The next three months was a bit like a case study, and my blog came out victorious. I was consistently earning more than US$2000 for all the three months. So I took the decision and gave up my job to become a pro blogger.

Should you quit?

My story might inspire you, but I personally don’t want to encourage you to quit your hard-earned job unless you test yourself to earn at least double your day-job income. Becoming a pro blogger is a big decision and you might not want to be proved wrong.

The first month working full-time as a pro blogger was very exciting. I had all the freedom to do all that I wanted to, go anywhere, and—the best part—blog from any location.

I made sure that my work hours, earnings, plans, and strategies were accountable. I noted down every activity and progressed in a very systematic manner without losing sight of my goals.

The earnings steadily increased, and the first month after I quit my job, I analyzed my performance. Here are few findings:

  • I almost worked the double amount of hours on my blog than I did before.
  • My earnings from writing, blogging, and reviews touched US$3000 per month.
  • I was enjoying traveling and spending time with my family.
  • I had loads of plans for the next month.

If you don’t have a blog, or you have a low-traffic blog, don’t even think of quitting your job. It’s a huge risk. Be practical and put in lot of hard work on your blog to craft unique content that provides high value to your users.

Evaluate, measure your success, and prove yourself. When you are sure you’re ready to jump, make the big decision to become a full-time blogger … and you might just enjoy your work like never before!

Joshu Thomas is a full-time blogger writing on how to make money online blogging and runs a successful webmaster community.

Get a VA Loan in Bedford NY | Buy a Bedford NY home with a VA Loan

VA Loan Program, Designed Specifically for Service Members

 

A person opens up a modest savings account and watches for years as it grows to a reasonable down payment amount. When the buyer finally hands the money over to a lender, we might see—for that moment—a little bit of sanity leave the buyer’s eyes.

 

It is never easy to buy a home and part with so much money. That is why many buyers opt for government-backed loans. They are popular for helping people save a handful of cash. More specifically, veterans looking to buy a home in Bedford, NY can remain sane using the VA home loan’s money-saving benefits.  

 

Keeping Savings in the Savings Account

 

$0 Down

 

Money sitting and growing in the bank for months, maybe years, can continue to sit there or be used for other expenses.  The VA loan’s zero down payment option removes the biggest obstacle for potential homeowners.  The 20% down payment requirement of conventional loans that often deter people from buying a home.

 

Low Interest Rates

 

The Department of Veterans Affairs guarantees the VA home mortgage program. This allows lenders to offer low and affordable rates to homeowners with decent credit ratings, most lenders requiring at least a 620, and debt-to-income ratios that can be as high as 41%. Interest rates on conventional mortgage payments are usually higher unless a person has an excellent or a beyond average credit score.

 

Receive $417,000 in Most Counties

 

Veteran borrowers can receive up to $417,000 in most counties. This is the loan limit in Bedford, NY. However, New York lenders can approve jumbo loan amounts for higher cost areas.

 

No Hidden Fees or Private Mortgage Insurance (PMI)

 

PMI eats a significant chunk of money out of a homeowner’s wallet each month. It can cost traditional homebuyers up to $250 extra per month. The VA loan does not require PMI. This combined with the other benefits means a veteran borrower pays less per month on mortgage.

 

In addition to the no PMI rule, the VA forbids banks from charging veterans hidden fees on their loans. Hidden fees often rear their ugly head after the papers boast the purchaser’s signature. It catches many people off guard. VA borrowers do not need to worry about burdensome surprises.

 

 

Gifted and Borrowed Funds

 

Veterans purchasing a home with the VA loan will have to pay a funding fee. However, the fee is only 2.15% of the loan. It can either be rolled over into the monthly mortgage payment or paid up front with borrowed or gifted funds.

 

Veteran borrowers should not take this allowance for granted.  Conventional lending does not let purchasers use borrowed or gifted funds from family members, friends, or others; however, the VA loan does not restrict people from accepting gifts. Homeowners use gifted funds to focus on furnishing, restoring or repairing a new home. They can also use these funds to pay closing, appraisal, and funding fee costs.

 

Applying

 

Veterans must be able to prove serving the military for the required time period of 90 days during wartime and 180 days during peacetime. Veterans must apply for a certificate of eligibility, which shows this.

 

Veterans can apply for a COE in three possible ways:

  1. ONLINE:  eBenefits portal (http://www.ebenefits.va.gov)
  2. Apply through a lender or VA counselor.  This could take only minutes. It quick and easy for a lender or VA counselor. Be sure to have evidence ready.
  3. Apply by mail.  Fill out a VA Form 26-1880 and send it in. This takes the longest. Surviving spouses must submit a certificate of eligibility request by mail. They must send in the VA Form 26-1817.

 

Dishonorably discharged veterans do not qualify for a VA loan.

 

For more information contact the Department of Veterans Affairs or a VA loan specialist today!