Monthly Archives: March 2014

Atlanta House with ‘Gone with the Wind’ Link Asks $3.25M | Katonah NY Homes

 

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Location: Atlanta, Ga. Price: $3,250,000 The Skinny: Though Atlanta has played host to plenty of culturally important events, including the Olympics, the first season of the Walking Dead and, of course, the canonical live recording of Free Bird, the 1939 premiere of Gone with the Wind was such a huge milestone for the city that any association with it is trumpeted to this day. That’s the case with this 1935 home in the Peachtree Heights district of Buckhead, which the BrokerBabble claims hosted the cast party for the film. And it might very well have, though the homes where Clark Gable is said to have been fêted approaches the number of homes wherein George Washington purportedly lay down his wigged, weary head for a nap. Designed by Atlanta firm Cooper and Cooper, it’s all classical symmetry and reassuringly staid formalism (a combination the dim echoes of which can be seen in McMansion developments across the Sunbelt), while the decor veers queasily between traditional (downstairs) and blandly contemporary (upstairs). It’s asking $3.25M, which includes almost two acres of beautifully landscaped grounds that Vivien Leigh might have strolled through.

http://curbed.com/archives/2014/03/10/atlanta-home-with-gone-with-the-wind-connection-asking-325m.php

 

4 Outside-the-Box Ways to Sell Your Home | Bedford Hills Real Estate

 

Real estate people often say that this business is hyperlocal. That’s just another way of saying that whether your market is a buyer’s market, a seller’s market or otherwise can vary state to state, county to county, town to town and even in various neighborhoods in the same town.

But when it’s your own home for sale, hyperlocal takes on an all new meaning. Your perspective on the market zooms all the way in and it can suddenly seem like nothing matters except how many buyers show up to your open house, how long your home has been on the market, whether any offers have come in on your house and, if so, precisely which numbers appear on those digital sheets of paper.

Bottom line: it doesn’t matter how hot the market is or how many multiple offers your neighbor’s house got, unless and until yours sells.  Times might not be desperate overall, but if it’s your house lagging on the market you might need to do something more than just hang a sign in the yard to get your home sold. And the only thing you can control in that process is your actions: your choice of agent, your pricing, your property preparation and your marketing.

If you’re a seller committed to doing everything within your power to sell your home and it’s not coming as easily or instantly as you’d hoped, here are a few outside-the-box strategies for getting your home sold:

1. Put your network to work. Anywhere there are people who know you or know your neighborhood, there might be the ultimate buyer for your home-or someone who knows them. In particular, social networks like neighborhood email lists, NextDoor.com and even your personal Facebook feed are great places to make sure you are publicizing your home’s listing.

If your home is well-located vis-a-vis your workplace, don’t hesitate to also make your colleagues aware of the listing. If you work for a very large organization or institution, you might even go so far as to let your Human Resources team know of the listing: many HR departments actively help new hires relocate and find housing as part of their services.

 

http://www.fool.com/investing/general/2014/03/09/4-outside-the-box-ways-to-sell-your-home.aspx

Hudson River Greenway plan wilts Riverdale | Cross River Real Estate

 

Residents of the affluent Bronx enclave of Riverdale have long dreamed about gaining easy access to their two-mile stretch of Hudson River shoreline.

No wonder, then, that they were thrilled by a recent proposal to connect that waterfront strip with the existing Hudson River Greenway. It was only when they looked at the fine print of that plan that some Riverdale residents said their dream had turned into a nightmare—into something that threatens the character of their leafy neighborhood while barely offering any additional river access.

As it stands, the Hudson River Greenway’s popular bicycle and pedestrian trail begins at Battery Park at the bottom of Manhattan and runs all the way up through Westchester County. Or at least it would if only a way could be found to close a three-mile-long gap along the waterfront in the Bronx and Yonkers, just to the north. To do that, the New York Metropolitan Transit Council, an organization of regional governments charged with studying transportation-related issues for New York City, Long Island and the lower Hudson Valley, is recommending an elaborate $75 million multistage plan.

The problem in Riverdale is that the tracks used by Metro-North and Amtrak run close to the water, making pedestrian access perilous.

Interim trail

The NYMTC’s plan, submitted to the community board in February, essentially dodged the problem. It calls for an interim path beginning just over the Henry Hudson Bridge and running north through local streets in Riverdale, affording users a visual but not a physical connection with the shore. Accommodating those cyclists and walkers would require some widening of roadways, installation of sidewalks where none exist and paving paths through Riverdale Park–steps that have many residents up in arms.

They note the area’s rich history, including the stately mansions built by generations of Manhattan moguls, as well as its historic churches and elite educational institutions, including the Riverdale Country School–the most expensive private school in New York City.

“What has been presented will change the visual character and bucolic nature of our neighborhood,” said Frank Anelante, chairman of the Riverdale-Spuyten Duyvil Coalition. “The reconstruction required would necessitate the taking of property from homeowners, obliterating front lawns and driveways.”

Gary Klingsberg, a resident of Palisade Avenue, a street along which a portion of the path would be built, said he recently walked the suggested route, from the Henry Hudson Bridge to Riverdale Park, and found the twists and turns of the terrain dangerous, with very little space to expand existing sidewalks without infringing on people’s property.

 

http://www.crainsnewyork.com/article/20140310/REAL_ESTATE/303099988/hudson-river-greenway-plan-wilts-riverdale#

When Should You Begin to Aggressively Pay Down Your Mortgage? | Pound Ridge NY Homes

 

The clear advantages of paying off your mortgage as quickly as possible have changed quite a bit over the past few years. The urgency to pay it off has somewhat diminished, as interest rates have plummeted to historical lows. It’s no longer the black and white decision it was back when interest rates hovered between 6% and 9%, and even the 11% to 13% we saw a couple of decades ago.

I am a big proponent of paying down that ugly mortgage beast as soon as is practical. But, before you go cutting a check to the bank, there is a pecking order of financial priorities you need to address before you consider tackling your mortgage.

In order of importance, here are the places you need to put your financial attention first:

  • Take The Cards Off The Table: Pay off all credit cards with high interest rates. Consider the huge discrepancy between credit cards with interest rates of 13% – 23%, and a 4% mortgage interest rate.
  • In Case Of Emergency: You need to build an emergency fund, ideally 8-12 months of living expenses. Yes, today’s job market is improving, but if you suddenly find yourself facing a layoff, you need to be prepared to sustain up to one year of living expenses.
  • Build Up For Retirement: Are you able to make the maximum yearly contributions to your retirement accounts, 401K, IRA or an equivalent?  Ask your accountant what the maximum allowable is for you and go for it!
  • Get The Kids To School: Ah yes, the kids and college funds.  Depending on how many children you have, how old they are, and what type of college enrollment expectation they have, you need to be making adequate contributions to those 529 plans or other college savings accounts.
  • You May Live A Long Time: My mom is 97 this year, and my aunt just turned 100.  So I am keenly aware that my money could run out before my health runs down.  Another priority investment you need to be making each year is toward long-term health care insurance. It is not as costly when you start it in your 30’s or 40’s.  But, if you didn’t get around to it till your 50’s, it will take a hit out of your budget each month.

http://www.fool.com/investing/general/2014/03/09/when-should-you-begin-to-aggressively-pay-down-you.aspx

Can You Afford to Buy a House? | Bedford Corners Homes

 

With the help of low interest rates and intervention from policymakers, the housing market has been one of the most improved areas of the economy. However, a combination of higher rates, rising home prices, and stagnant wages is building affordability issues.

The cost of homeownership is on the rise across the nation. The estimated monthly house payment for a median-priced, three bedroom home purchased in the fourth-quarter of 2013 surged 21 percent to $865, compared to $714 from a year earlier, according to the latest report from RealtyTrac. The firm analyzed 325 U.S. counties and included other factors such as insurance, taxes, maintenance, and tax deductions. Among the 15 most populated counties analyzed, the estimated monthly house payment jumped an average of 34 percent from a year ago.

“A potent combination of rapidly rising home prices and the often-overlooked but significant uptick in interest rates in the second half of 2013 caused the monthly cost of owning a home using traditional financing to jump substantially in many markets over the last year,” said Daren Blomquist, vice president at RealtyTrac, in a press release. “The monthly cost of owning a home is still less than renting in the majority of markets, but the cost of financed homeownership is becoming dangerously disconnected with still-stagnant median incomes, driven not by shoddy underwriting practices this time around but by investors and other cash buyers who are not tethered to the typical affordability constraints.”

 

http://wallstcheatsheet.com/politics/economy/can-you-afford-to-buy-a-house.html/?ref=YF