Friday, February 24, 2012
Tuesday, February 21, 2012
Village Home
103 Hemlock Terrace, Northville, NY 12134 View Map
Village of Northville 3 BR, 2 BA raised ranch nestled on a corner lot. Open living room, kitchen/ dining room, pine floors throughout the upper level, lower level has a possible 4th bedroom and an entertainment room with sliding glass doors leading to your spacious & private back yard. New owners can apply for membership in the Woodland Acres Beach Association which is just down the block.
Details
Asking Price:
$185,000
MLS:
201201033
Sq. Feet:
1796
Lot Size:
105 x 125
Bedrooms:
3
Bathrooms:
2
# of Floors:
2
Garage Size:
2+
Year Built:
2004
Property Amenities
- - Range/Oven
- Full Refrigerator
- Microwave
- Dishwasher
- Fireplace
- Kitchen Island
- Hardwood floors
- - Vaulted Ceilings
- Basement
- Patio
- Deck
- Grass Lawn
- Yard
- Tool Shed
- - Central Heat
- Family room
- Living room
- Dining Room
- Stainless steel appliances
- Laundry area - inside
Friday, February 17, 2012
Ask The Real Estate Professional
What is an Escrow Account ?
Your lender may suggest that you set up an escrow account. In fact, most mortgage companies require an escrow account for mortgages with less than a 20 percent down payment or those with a lower loan-to-value ratio, unless the borrower is willing to pay a higher interest rate.
An escrow account helps you:
Manage your budget with monthly tax and insurance payments instead of an annual lump sum payment
Gain peace of mind knowing your payments will be made, on time, on your behalf
Meet your lender’s requirements by ensuring that your home is protected with paid-up insurance coverage and taxes
An escrow account is defined as a trust account held in the borrower’s name to pay obligations such as property taxes and insurance premiums.
Your monthly mortgage payment includes an amount for property taxes and insurance in addition to the amount you owe for principal and interest. Your mortgage company will place the amount of your monthly payment that is for taxes and insurance into an escrow account. The funds can be used only to pay taxes and insurance on your behalf. Your mortgage company pays the taxes and insurance bills for you when they are due. Your mortgage company examines any changes in your tax and insurance costs (for example, your local government may change the amount of your real estate taxes). Each year, your mortgage company sends you a statement showing the activity for the prior 12 months-amounts collected from you and placed in escrow as well as the payments made on your behalf-and showing any adjustments that may be needed based on changes in your tax and insurance costs.
A simplified example* of how escrow payments are calculated
Annual real estate taxes: $1,800 divided by 12 months= $150 per month
Annual property insurance: $720 divided by 12 months= $ 60 per month
Total monthly taxes and insurance: $210
In this example, $210 would be added to your total monthly mortgage payment and applied to your escrow Account. You might hear your total monthly mortgage payment referred to as your “PITI” – for principal, interest, taxes and insurance.
*The amounts you owe for real estate taxes and insurance will vary- this is a simplified example, and your mortgage company will likely use a more detailed calculation method that considers various factors. Ask your lender for a full explanation and an estimate of the escrow payment for your mortgage.
If you have a mortgage but are not sure if you have an escrow account, check your monthly mortgage account statement or contact your lender. Your account statement will typically indicate your “Escrow Balance” and the amount of your total monthly mortgage payment that is applied to escrow.
For more information, talk with your mortgage company to determine if you are setting aside adequate funds in your escrow account or if you should set up an escrow account.
Information provided by Thomas J. McGroder, ABR, GRI, Thomas J. Real Estate, Inc. Licensed Real Estate Broker, Registered HUD Broker. To contact us call 518-863-4691, e-mail homes@thomasjrealestate.com http://www.thomasjrealestate.com
Your lender may suggest that you set up an escrow account. In fact, most mortgage companies require an escrow account for mortgages with less than a 20 percent down payment or those with a lower loan-to-value ratio, unless the borrower is willing to pay a higher interest rate.
An escrow account helps you:
Manage your budget with monthly tax and insurance payments instead of an annual lump sum payment
Gain peace of mind knowing your payments will be made, on time, on your behalf
Meet your lender’s requirements by ensuring that your home is protected with paid-up insurance coverage and taxes
An escrow account is defined as a trust account held in the borrower’s name to pay obligations such as property taxes and insurance premiums.
Your monthly mortgage payment includes an amount for property taxes and insurance in addition to the amount you owe for principal and interest. Your mortgage company will place the amount of your monthly payment that is for taxes and insurance into an escrow account. The funds can be used only to pay taxes and insurance on your behalf. Your mortgage company pays the taxes and insurance bills for you when they are due. Your mortgage company examines any changes in your tax and insurance costs (for example, your local government may change the amount of your real estate taxes). Each year, your mortgage company sends you a statement showing the activity for the prior 12 months-amounts collected from you and placed in escrow as well as the payments made on your behalf-and showing any adjustments that may be needed based on changes in your tax and insurance costs.
A simplified example* of how escrow payments are calculated
Annual real estate taxes: $1,800 divided by 12 months= $150 per month
Annual property insurance: $720 divided by 12 months= $ 60 per month
Total monthly taxes and insurance: $210
In this example, $210 would be added to your total monthly mortgage payment and applied to your escrow Account. You might hear your total monthly mortgage payment referred to as your “PITI” – for principal, interest, taxes and insurance.
*The amounts you owe for real estate taxes and insurance will vary- this is a simplified example, and your mortgage company will likely use a more detailed calculation method that considers various factors. Ask your lender for a full explanation and an estimate of the escrow payment for your mortgage.
If you have a mortgage but are not sure if you have an escrow account, check your monthly mortgage account statement or contact your lender. Your account statement will typically indicate your “Escrow Balance” and the amount of your total monthly mortgage payment that is applied to escrow.
For more information, talk with your mortgage company to determine if you are setting aside adequate funds in your escrow account or if you should set up an escrow account.
Information provided by Thomas J. McGroder, ABR, GRI, Thomas J. Real Estate, Inc. Licensed Real Estate Broker, Registered HUD Broker. To contact us call 518-863-4691, e-mail homes@thomasjrealestate.com http://www.thomasjrealestate.com
Wednesday, February 15, 2012
Albany MAC Store
Today I went to the Albany MAC Store at Cross Gates Mall. I walked in without an appointment and was greeted immediately. The greeter took my name and told me that someone would be with me shortly. After a few minutes I met with Ed. I explained to Ed that I was trying to put together post cards and was also having a problem with my new I-Phone. Ed sat down with me explained what I was missing. We worked together for approx. 45 minutes. Now I'm more comfortable designing my own marketing materials. Thanks Ed!
Staging 103 Hemlock Terrace Northville, NY
Donna Hunter and myself spent three days last week staging our listing @ 103 Hemlock Terrace Northville, NY. When we were done I sent the photos to our client.
Here is what our client had to say after viewing his listing.
WOW! What a job, the place looks great. I never had a realtor that put so much into his listings.
When we first spoke, he said to me what's the difference you'll do the same thing as other agents, dump the house on a few web site's and hope for the best!
Well as you can see from our staging, Thomas J. Real Estate, Inc. goes the extra distance.
Here is what our client had to say after viewing his listing.
WOW! What a job, the place looks great. I never had a realtor that put so much into his listings.
When we first spoke, he said to me what's the difference you'll do the same thing as other agents, dump the house on a few web site's and hope for the best!
Well as you can see from our staging, Thomas J. Real Estate, Inc. goes the extra distance.
Sunday, February 12, 2012
Why Stage Your Home?
I had a person ask me the other day why do we bother to do some much work on a listing?
His question made me think and here is my response.
One of the advantages of working with Thomas J. Real Estate is that we have a professional stager on staff. Their experience helps our clients get the most equity from the sale of their home. Clutter eats equity, you can't sell it if you can't see it so it's important to depersonalize and highlight the features of the home, not the persons collectables. Staging is preparing a home for sale, interior decorating is something that is done after you purchase the home to make it your own.
His question made me think and here is my response.
One of the advantages of working with Thomas J. Real Estate is that we have a professional stager on staff. Their experience helps our clients get the most equity from the sale of their home. Clutter eats equity, you can't sell it if you can't see it so it's important to depersonalize and highlight the features of the home, not the persons collectables. Staging is preparing a home for sale, interior decorating is something that is done after you purchase the home to make it your own.
Friday, February 3, 2012
7 Steps to Take Before You Buy a Home
By doing your homework before you buy, you’ll feel more content about your new home. Read
Visit houselogic.com for more articles like this.
Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
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