Fillmore Real Estate is in the running for Best of Brooklyn as voted by the readers of the Brooklyn Spectator and Home Reporter.
Why I’ve chosen Fillmore Real Estate…and you should too. As a real estate salesperson, I am required by the laws of the State of New York to be affiliated with a real estate company. The company I’m affiliated with has oversight over the legal aspects of any real estate transaction I perform, which protects you …View full post
If you’ve bought or sold real estate in Brooklyn, New York (or anywhere in New York State for that matter) you’ve seen this form. Its the New York State Disclosure Form, and as the form states, its purpose is to “help you to make informed choices about your relationship with the real estate broker and …View full post
Mar 25 2015
Mar 23 2015
As a real estate salesperson, I am required by the laws of the State of New York to be affiliated with a real estate company. The company I’m affiliated with has oversight over the legal aspects of any real estate transaction I perform, which protects you as a consumer. The arrangement also gives me access to valuable services, marketing materials and training that help me better serve you.
With that being the case, I took a lot of time and care when it came to choosing a place to hang my license, and after careful consideration I choose Fillmore.
Fillmore Has Been Selling Real Estate in Brooklyn Since 1966 – Fillmore Real Estate is not a fly-by-night operation or a company that has moved from Manhattan to jump on the “Brooklyn Band Wagon”. Fillmore Real Estate has been selling real estate here in Brooklyn since 1966, that means we know Brooklyn.
Fillmore Sells All Over Brooklyn – The Manhattan newcomers like to sell in the “hot” neighborhoods in Brooklyn. We sell wherever there are properties to be bought or sold. We have 16 offices with over 300 real estate professionals scattered throughout Brooklyn, meaning that I can sell in any Brooklyn neighborhood and I have access to inventory that fits any buyer’s budget.
Fillmore’s Website Get 800,000 visitors per month – Our state of the art website attracts visitors from around the world, and all of them will see any listing that I post there, which is how I can get properties sold so quickly.
Fillmore is a Member of the Leading Real Estate Companies of the World – Once you’ve sold your home, are looking to relocate outside of New York City? As a member of the Leading Real Estate Companies of the World, I can refer you to a top real estate professional any where in the world, from Albania to Zambia!
Fillmore Is a member of The Brooklyn MLS – By being a member of the Brooklyn Multiple Listing Service, Fillmore ensures that every member of the Brooklyn Board of Realtors, over 1300 of them, knows about your property is for sale and potentially bring the perfect buyer.
Fillmore Is A Member of REBNY – The Real Estate Board of New York’s (REBNY) mission is to “unites more than 16,000 talented, influential real estate professionals as it works to protect, improve and advance the business of real estate in New York City.” Pertinent information about any property that I list is made available to all 16,000 of those real estate professionals, most of whom are in Manhattan, so they can bring potential buyers to view the property.
Fillmore is a Member of the LIBOR – For those of you who didn’t know it, the boroughs of Brooklyn and Queens are part of Long Island. There are brokers and agents who are part of the Long Island Board of Realtors (LIBOR) who have buyers looking to purchase property in Brooklyn. Due to that fact, Fillmore Real Estate is also a member of LIBOR.
Training – The real estate industry is ever changing. Fillmore works hard to keep all the real estate professionals affiliated with the company well training. There are several training classes for me to take throughout the year, so I can keep my sales skills sharp and my real estate knowledge up-to-date.
These are only some of the reasons that I chose Fillmore Real Estate Brooklyn as the firm that I wanted to be affiliated with. Do you want to learn more about Fillmore and how through the various services it provides, I can get your property sold quickly and for the best possible price? Give me a call at the number below or click here to email me.
Mar 20 2015
Mar 17 2015
If you’ve bought or sold real estate in Brooklyn, New York (or anywhere in New York State for that matter) you’ve seen this form. Its the New York State Disclosure Form, and as the form states, its purpose is to “help you to make informed choices about your relationship with the real estate broker and its sales associates.”
What exactly does that mean? First off, by signing the form it does not obligate you to do anything what so ever. It does not mean you have to pay the real estate broker or salesperson who presents it to you any money, or work exclusively with that agent or broker. As it states on the first line of the form, it is not a contract.
The Disclosure Form is for informational purposes. What it does is inform you who the real estate broker or agent that hands it to you for signature actually works for, and with whom her fiduciary responsibility lies. When you’re buying or selling a piece of real estate, whether its a house, condo, co-op or a piece of vacant land, the real estate broker or agent represents whoever hires her and pays her commission. When an broker or agent is trying to find a renter for an apartment, the agent represents the landlord, even if the renter pays the commission.
Real Estate Brokers and Salespersons are obligated by law to have you sign the disclosure form before they can represent you in a real estate transaction.
For more information regarding this form, ask the real estate professional who hands it to you to explain it in more detail. By signing the form, you confirm that you fully understand who she primarily represents, whether its you or the other party in the deal, and you’re OK with that.
Mar 14 2015
I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service, please contact me at the number below, or click here. I would consider it a privilege to be of service to you!
Happy House Selling!
Mar 09 2015
To be financially secure, even if you’re not planning to buy real estate, you should have a Rainy Day Fund.
Things go wrong…that’s a fact of life.
You spend $150 on a ticket to see your all time favorite artist perform at the Barclay Center…and the flu hits you so badly on concert day that you can’t raise your head off your pillow. You buy your dream car, a Lexus with all the upgrades…and just as you make your first payment, someone breaks your tail lights and keys it on both sides. You move into your dream home that you just purchased in Canarsie Brooklyn…and a week later Hurricane Sandy floods the basement and first floor, destroying almost everything you own, including your car.
These examples of things that can go wrong really happened, either to me personally or to someone I know. Of course the last one is an extreme example of what can go wrong when you buy a house, but it leads to an import question. Once you’ve closed on your new home, do you have money left to fix what can go wrong?
When you own a piece of property you are solely responsible to pay for any problem that pops up. If the boiler breaks down, the roof starts to leak, hornets built a nest in your attic, a tree root breaks your sewer line, your refrigerator just stops working, or, the worst case scenario, you lose your job, you have to come up with the money needed to handle those problems.
And using credit cards is not the solution because you’re creating a lot of bad debt that will drain you financially. Credit cards are instruments of the devil…but that’s a discussion for a different post.
I’ve worked with buyers who had maxed out credit cards, empty savings accounts and decimated 401ks once they finished buying their new home. That’s a horrible position to be in, especially if all your new expenses make it impossible to save money.
Financial Advisers recommend having at lease 6 months worth of your monthly expenses squirreled away in a Rainy Day Fund. After you’ve done all of your calculations and you know what you will spend to close on your new house, condo or co-op you should still have some cash left to cover emergencies. If you don’t, it might not be the right time for you to buy or you need to buy a less expensive property.
I’m not trying to discourage anyone from buying real estate. In my opinion, for most people it’s better to own than to rent, but it’s extremely important to buy when you can afford to do so. No one wants to face foreclosure or live in a leaky house filled with mold because you can’t afford to fix it.
Things go wrong…that’s a fact of life, and having a Rainy Day Fund even after you’ve made a major purchase like buying a house will help you weather the storm.
Happy House Hunting
Main Page – First Time Home Buyers Seminar Online
Mar 02 2015
This is one of the most important questions you can ask yourself when you’re thinking about buying real estate. In order to determine if you are ready, willing and able to buy a new home, you need to know if you have enough money not only to make the purchase, but deal with any “surprises” that might arise after you close on the property.
I will answer the question in two parts. The first part, How much money will you need to close on the property, I will answer in this post. The second part of the question, how much money should you have on hand to cover emergencies, mishaps and other expenses, I will answer in the next post. The answers to both questions are vital to determine if you can afford to buy real estate or not.
Most people know that when you want to buy a piece of real estate and you’re going to take out a mortgage in order to do so, you need down payment money. Since the recent economic downturn and the end of the “zero down” scenarios that were part of the cause of it, you will need to have a significant amount of cash on hand to buy your dream home.
Only a very unwise person would buy a house or a condo without having a home inspection (also called an engineer’s report) performed on the property, unless you’re a contractor, a house flipper or someone very familiar with construction who is an expert at spotting structural, electrical, plumbing and any other problem that a piece of real estate might have. If the property you want to buy is a co-op, you might be safe opting out of getting a report done since major issues are the responsibility of the cooperative.
Home Inspections can range from $300 to over a $1000 depending on the size of the property. The truth of the matter is- If you can’t afford to pay for a home inspection, you can’t afford to buy a house.
In New York State you need to have an attorney to represent you when you buy or sell real estate. Once you have an accepted offer, your attorney will review the contract and negotiate terms with the opposing attorney before you sign it. He or she will review the mortgage documents you receive from your lender for accuracy and any hidden issues. He or she will also be there at closing to tell you which documents you should sign and what they mean.
You can hire an attorney to handle your real estate transaction for as low as $600 or as much as $2000. Keep in mind that like everything else in life, you get what you pay for. Most attorneys will want some if not all of their payment up front.
There are other fees involved when you purchase (and sell) property in New York City. There are bank fees, taxes, filing fees and more. Here’s a sample of some of the fees you may need to pay at closing:
For an exact breakdown of the closing costs you’ll need to pay, consult with your mortgage professional. A quick and dirty rule of thumb is to have at least 3-4% of the price of the property on hand for closing costs and incidentals. If you don’t have that kind of money, you might be able to finance your closing costs.
As you’ve discovered by now, buying a house condo or co-op in Brooklyn, New York or anywhere in the five boroughs is not cheap. You’ll need down payment money, money for a home inspection, money for your attorney and money for closing costs. In a future lesson, I’ll tell you about various ways you can get the money you need for the down payment and the closing costs, but the next lesson will focus on why it’s so important to have money left over to put in a “rainy day” fund once you’ve closed on your new home.
Happy House Hunting
Main Page – First Time Home Buyers Seminar Online
Feb 18 2015
Is your apartment too cold?
Is your hot water just tepid?
Have you been asking your landlord to make repairs to no avail?
The Pratt Area Community Council hosts “Tenant’s Rights Workshops & Legal Clinics” every second Thursday of each month. This month, the meeting is being held on February 18, 2015 at 6:30 pm at the 896-900 Fulton Street, 2nd floor (Between Waverly and Washington). The upcoming expiration of the rent stabilization law in June of this year will be the main topic of discussion.
If you have a pressing legal issue related to renting an apartment, you can also call the PACC and request an appointment for FREE legal advice. For more information about the upcoming workshop or to make an appointment, please go to the Pratt Community Council’s Website.
Jan 15 2015
Governor Cuomo has announced a $1.66 billion property tax credit program that will give financial relief to both homeowners and renters. Taxpayers with incomes below $250,000 will benefit from this new tax credit that will save Brooklynites (and all New Yorkers) an average of $950.
This tax relief is welcome. Anything that lowers the cost of home ownership will help increase the number of New Yorkers who can afford to own a home of their own, as well as help those who may be experiencing financial difficulty to hold on to their home.
For more information about this tax relief program, go to Property Tax Relief for Middle Class Families.