Tag Archives: Bedford Hills NY Real Estate

Bedford Hills NY Real Estate

8 Costs To Consider When Buying A Rental Property | Bedford Hills Real Estate

Even as home prices and mortgage rates rise, there are still bargains available for borrowers looking to purchase rental properties.

According to the National Association of Realtors’ 2013 Investment and Vacation Home Buyers Survey, investment-home purchases accounted for 24 percent of all sales in 2012, the second highest mark since 2005.

“Investors have been very active in the market over the past two years, attracted mostly by discounted foreclosures that could be quickly turned into profitable rentals,” Lawrence Yun, NAR chief economist, said in a statement.

While rental properties are certainly appealing, offering the promise of monthly cash flow in addition to long-term appreciation, investment properties have a number of costs that are both visible and hidden, says Michael Whitbeck, real estate investor and founder of Residential Mortgage Underwriting and Processing Institute, a mortgage underwriting training firm in West Bloomfield, Mich. Even the most obvious expenses, like the monthly mortgage payment, might pack a few surprises.

Before you start searching for rental properties, run the numbers to understand whether investing in a rental property will be a windfall or a money pit.

 

 

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » 8 Costs To Consider When Buying A Rental Property | Bedford Hills Real Estate.

The Portrait of a LinkedIn User in 2013 | Bedford Hills Realtor

According to this infographic, two people join LinkedIn every second of every day. It then proceeds to ask “Then what?”

“How are they using it and is it really helping them?” this infographic from Power Formula asks.

According to the infographic, though LinkedIn has a paid option, 84.4 percent of people who use it use the free version of the social networking site. That is, just 15.1 percent pay to use linkedIn. There is a small number of LinkedIn users (0.5 percent) who are not sure whether they use the free or the paid version of the professional-leaning social network.

When it comes to first-level connections – that is, the people a user is directly connected to – the largest group is at 500 to 999 connections (21.7 percent). The smallest group is not those with fewer connections, it’s those who have 300 or more connections (1.3 percent).

Looking at the numbers LinkedIn consultant and author Wayne Brietbarth provided Power Formula, the next largest group of first-level connections is people who have 301 to 499 connections (18.7 percent) followed by people who have 101 to 200 connections (15.9 percent).

As to sharing their first-level network with their first-level connections, most LinkedIn user share who they are connected to (63.3 percent). Only 12.2 percent keep their first-level network private to their first-level connections. However, 24.5 percent are not sure so maybe their LinkedIn settings are not really transparent to them.

LinkedIn, users, data, infographic,

When talking about groups, the LinkedIn user of 2013 mostly is a member in 1 to 9 groups (35.5 percent). The infographic notes that 2.2 percent of LinkedIn users are not members of any group, 25.1 percent are members of 10 to 19 groups, 9.3 percent are members of 20 to 29 groups, 4 percent are members of 30 to 39 groups, 7.8 percent are members of 40 to 49 groups, a large 14 percent are members of 50 groups (the maximum number of groups LinkedIn allows a user to be a member of), and 2 percent have no idea that LinkedIn had groups.

Meanwhile, more than half (52.2 percent) of those asked said they use LinkedIn 0 to 2 hours every week which is not a great statistic if you are LinkedIn. Nonetheless, there are people who use it more than that with most of the others using it 3 to 4 hours every week.

When asked how LinkedIn has helped them, the most common answer users gave was that the social network helped them research people and companies (75.8 percent). The second-most given answer to the question was that LinedIn helped reconnect with past business associates and colleagues (70.6 percent). The least-given answer was generating identifiable business opportunities at 28.3 percent.

Learn more including what feature LinkedIn users think is the most helpful, company page statistics and how company pages are used, and how important people think LinkedIn is in the Power Formula infographic below.

LinkedIn, users, data, infographic,

 

 

The Portrait of a LinkedIn User in 2013 | Social Media Today.

‘Without a Trace’ Star Enrique Murciano Sells Home | Bedford Hills Real Estate

Enrique Murciano may be leaving celebrity-central Woodrow Wilson Drive, but he isn’t leaving without a trace. The 40-year-old actor has been hopping from one L.A. bachelor pad to another for the past few years.

In 2004, he purchased a 3-bedroom home that he later sold in 2008. He upgraded to a 4-bedroom, 3.5-bath at 7334 Woodrow Wilson Dr, Los Angeles, CA 90046 in 2009 but got the real estate bug again four years later.

Murciano listed the place for $1.749 million in May. He must have had more than one offer because he just closed the deal for $2.042 million, well above his asking price.

The interior, spanning 2,709 square feet, has a cool retro-meets-modern vibe. A grand piano contrasts with an abstract painting in the living room, while vintage-inspired appliances are modernized with sleek black countertops in the kitchen.

Framed by walls of windows, the home provides a hilltop view, yet still affords privacy.

“This wonderful home is secluded and gated — perfect for the celebrity type,” the seller’s agent wrote in the listing description. “The property is lushly landscaped.”

Murciano, who’s most-known for his role on the CBS drama “Without a Trace,” has also appeared on popular TV shows including “CSI” and “NCIS” and films such as “Black Hawk Down” and “Miss Congeniality 2: Armed and Fabulous.”

 

‘Without a Trace’ Star Enrique Murciano Sells Home | Zillow Blog.

Region’s Real Estate Sales Slip, But Prices Still Surging | Bedford Hills Homes

 

Total sales in the region in June were 6,308, down 2.8 percent from 6,491 in the same month of 2012.

 

The median sale price in the region, however, jumped 44.7 percent from a year earlier, to $123,000, from $85,000 in June 2012.

 

The sales decline was felt most strongly in Detroit, Dearborn and Dearborn Heights, Genesee County, and in rural areas like Huron and Sanilac counties.

 

The biggest price pops, however, came in Dearborn and Dearborn Heights and Genesee County. Also reporting strong price increases were the Grosse Pointes, Lapeer County, Macomb County, Oakland County, and rural Sanilac and Tuscola counties.

 

Inventory on the market shrank a whopping 28.4 percent, with 19,459 houses for sale in the region in June, down from 27,191 a year earlier. Of that inventory, 7 percent is identified as short sales, and 12.6 percent as foreclosure sales. Average number of days on the market before a home sells also continues to tumble, to 66 days, from 81 days a year earlier.

 

By county or other sub-market, sales were as follows:

 

Detroit (includes Hamtramck, Highland Park and Harper Woods): 296 foreclosure sales, down 28.5 percent from 414 a year earlier, 183 non-foreclosure sales, down 3.2 percent from 189 a year earlier. Median sale price on foreclosure ales, $7,701, down 4 percent from $8,025 a year earlier. Median sale price on non-foreclosure sales, $23,000, up 76.9 percnet from $13,000 a year earlier.

 

Dearborn and Dearborn Heights: 40 foreclosure sales, down 45.9 percent from 74 a year earlier. 123 non-foreclosure sales, down 8.2 percent from 134 a year earlier. Median sale price on foreclosure sales, $57,500, up 36.2 percnet from $42,210 a year earlier. Median sale price on non-foreclosure sales, $100,000, up 44.9 percent from $69,000 a year earlier.

 

 

Genesee County: 160 foreclosure sales, down 36.5 percent from 252 a year earlier. 291 non-foreclosure sales, up 9.8 percnet from 265 a year earlier. Median sale price on foreclosure sales, $27,000, up 6.8 percent from $25,287 a year earlier. Median sale price on non-foreclosure sales, $97,000, down 2 percent from $99,000 a year earlier.

 

Region’s Real Estate Sales Slip, But Prices Still Surging « CBS Detroit.

Dig This Trend: Lavish Pools | Bedford Hills Real Estate

Electric lounge areas, neon lights and tropical pagodas — it doesn’t get much more luxurious and extravagant than these swimming pools. We’ve gathered 10 of the most eye-popping, jaw-dropping liquid hits from Zillow Digs.

Cave of wonders

Zillow's Dig This Trend: Lavish Pools
Cheers! This swanky pool grotto features an electric lounge area for swimmers looking for a little on-land refreshment.

Asian influence

Zillow Dig This Trend: Top 10 Most Lavish Pools
This shady pagoda provides a mid-afternoon respite overlooking tumbling waves and glistening beaches of the Pacific.

Desert villa

Zillow Dig This Trend: Top 10 Most Lavish Pools
Influenced by homes of the French Riviera, a cascading river gracefully joins two separate swimming areas. Sophisticated glass statues complement the space with a touch of abstract expressionism.

Splash of Morocco

Zillow's Dig This Trend: Top 10 Most Lavish Pools
Intricate mosaics juxtapose simple stucco walls for a look that evokes Mediterranean flair in this pool area by Zillow Digs designer Chris Barrett.

 

 

Dig This Trend: Lavish Pools | Zillow Blog.

ILHM: “Luxury Segment has been Leading the Recovery” | Bedford Hills Real Estate

In response to a June 27 Real Estate Economy Watch article asserting that for the first time since the Institute for Luxury Home Marketing began tracking upper tier market trends in 2008, its Market Action Index hit the threshold that separates buyer’s and seller’s markets earlier this month, ILHM Founder Laurie Moore-Moore points out that he luxury segment has actually been LEADING the recovery for more than a year.

“We appreciate your coverage of our data, but just a note to let you know that the interpretation of our ILHM National Luxury Market Report is not correct.  The luxury segment has actually been LEADING the recovery for more than a year.  Sorry that we did not give you additional information for context,” she said.

“While the recent national report does show that the luxury niche has officially clicked over to a seller’s market and that every listing isn’t gobbled up in the same month it is listed, this does not mean luxury is behind other segments in recovering.  There is plenty of evidence to the contrary.

“We do recognize that there is no such thing as a “national” real estate market.  Like the Case Schiller report, our report is a composite report.  Info on more than 30 major markets is available to our members (the definition of luxury varies market by market.)”

Below is the original REEW article:

The highest tier of homes for sale, homes priced over $500,000, has been the last part of the market to feel the effects of the housing recovery. On June 2, the ILHM reported its Market Action Index had reached 30 for the first time and in subsequent weekly reports the index has maintained its position. “The ILHM National market is currently slightly in the Seller’s Market zone (greater than 30).The Market Action Index stands at 30 which indicates that luxury demand is relatively strong but the available supply of new listings doesn’t get acquired immediately,” the ILHM noted in its June 23 report.

 

 

read more…

http://www.realestateeconomywatch.com/2013/07/ilhm-luxury-segment-has-been-leading-the-recovery/print/

 

6 quick and inexpensive ways to turn real estate technology excuses into solutions | Bedford Hills Real Estate

Homebuyers and sellers today make inferences about real estate agents’ professionalism based on their ability to use current technology. The image we project to the public is heavily influenced by whether or not we keep up with the level of technological service they have come to expect from other industries.

This isn’t about being the most advanced and tech-savvy agent in your city. It’s about adopting the common-sense technology practices that make your business, and your relationship with your clients, more professional. Using technology responsibly and proactively allows us to enhance our outward business persona, as opposed to continually making excuses for why we’re not on board.

We often focus on the cutting edge of technology, but for those who may need a bit of sharpening up, there are a few quick and inexpensive ways to get past objections and move on to a stronger technology reputation:

1. Adjust Your Smartphone Attitude. Statistically, it appears a fair number agents still don’t have a smartphone. There’s not much to say here. $99 — do it. Today.

2. Mobile Communication Is Still Business Communication.“Please excuse any spelling errors – sent from my mobile. …” Erase this from your mobile email signatures. Remove it from every device you own. It shows a lack of care. Here is what it says to your clients/associates:“I am too lazy to properly use this handheld device that has more computing power than the first Space Shuttle.

I’m going to send you a garbled message because you’re not worth the 10 seconds it would have taken to fix it. LOL CUL8R K?” –

 

See more at: http://www.inman.com/next/6-quick-and-inexpensive-ways-to-turn-real-estate-technology-excuses-into-solutions/#sthash.6Vgop77O.dpuf

Saddle Up With These Southwestern Homes | Bedford Hills Real Estate

There’s nothing like a good Western film to make you want to grab your cowboy boots and move to the desert. Fortunately, unlike fictional ghost towns with tumbleweed rolling by, Southwestern homes are full of life with Spanish and Pueblo influences giving rise to a variety of architectural styles — from traditional adobe constructions to homes with colonial flair. Here’s a look at a few of our favorites currently on the market.

Tucson, AZ

2376 E Placita De La Victoria, Tucson, AZ
For sale: $1.55 million

Tucson, AZ
Adjacent to Pima Canyon, this Tucson home is a contemporary take on classic adobe design. Inside, 4 masonry fireplaces, custom-milled doors and wood-beamed ceilings create a canvas for Southwestern-style rugs and other native design elements.

Santa Fe, NM

558 Camino Del Monte Sol, Santa Fe, NM
For sale: $1.2 million

Santa Fe, NM
Frank Applegate, a famed Santa Fe architect and sculptor who founded the Spanish Colonial Arts Society, built this 4-bedroom house in 1921 when Camino del Monte Sol was just a dirt road. Today, Applegate is considered one of the masters of Pueblo revival or Santa Fe style. A great room was added by architect William Lumpkins around 1978, but several original architectural details remain.

Saint George, UT

2410 Entrada Trl Unit 1, Saint George, UT 
For sale: $759,000

Saint George, UT
Located in the southwestern corner of Utah, bordering Arizona and Nevada, this 4,511-square-foot home blends with the surrounding red-rock mesas and alpine wilderness. Saint George has attracted retirees and second-home owners over the past 20 years with several parks, bike trails and golf courses nearby.

Long Beach, CA

440 Ximeno Ave, Long Beach, CA
For sale: $399,900

Long Beach, CA
Built in 1923, this Long Beach home is full of Spanish influences, with built-ins, archways, classic moldings, period windows and touches of turquoise and orange throughout. Minutes from the Colorado Lagoon and the Pacific Ocean, the bungalow is in a prime location for Southern California beach lovers.

El Paso, TX

1709 Old Paint Dr, El Paso, TX
For sale: $355,000

El Paso, TX
Part of a new Spanish revival development in El Paso, this home mixes traditional architectural features with contemporary amenities including custom-designed cabinetry, quartz countertops and stainless steel appliances.

 

Saddle Up With These Southwestern Homes | Zillow Blog.

Rooftop solar takes off across California as costs come down | Bedford Hills Real Estate

California’s groundbreaking efforts to encourage homeowners and businesses to install rooftop solar panels were so successful in 2012 that the program is now effectively winding down, according to a new report.

A record 391 megawatts of solar power were installed statewide in 2012, a growth of 26 percent from 2011, according to a report by the California Solar Initiative released Wednesday.

“The program has made solar affordable for ordinary Californians,” said Susannah Churchill of the San Francisco-based solar advocacy group Vote Solar. “Solar is a classic California success story.”

In January 2007, California launched an unprecedented $3.3 billion effort to install 3,000 megawatts of new solar over

the next decade and transform the market for solar energy by reducing the cost of solar-generating equipment.

One megawatt is enough to power 750 to 1,000 homes. But because the sun doesn’t shine all the time, solar industry experts say that one megawatt of solar can power about 200 households.

The California Public Utilities Commission’s California Solar Initiative, known as CSI,provides rebates for residential and commercial customers of the state’s three large, investor-owned utilities: Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric.

The initiative’s road map calls for 1,750 new megawatts of solar power to be installed on residential and commercial roofs in the state by

 

 

Rooftop solar takes off across California as costs come down – San Jose Mercury News.

Bedford School District Updates 2013-14 Calendar | Bedford Hills Real Estate

The Bedford Central School District updated its 2013-14 school calendar this week, adding dates that teacher and superintendent conferences will take place.

A superintendent conference will be held on Sept. 30 and students will not have to attend school that day.

Elementary school students will have a half-day on Dec. 6 for parent conferences. All students will have a half-day on Dec. 12 for more afternoon and evening parent conferences. Students will have the entire day off on Dec. 13 for morning conferences.

Elementary school students will have half-days on March 14 and 20 for afternoon and evening conferences. Elementary school students will have the entire day off on March 21 for morning conferences.

The first day of school for the 2013-14 year in Bedford is Sept. 3.

To see the full 2013-14 Bedford school year schedule,click here.

 

 

Bedford School District Updates 2013-14 Calendar | The Bedford Daily Voice.