Archive for the 'Hampton Bays' Category

IT’S TIME TO BUY THAT HOME

Tuesday, October 18th, 2011

Wall Street Journal's Jack Hough, titled his article on Saturday just that… "It's Time to Buy That House".
 

He discusses the National Association of Realtors, Housing Affordability Index, which Town and Country has written about several times this year, which was 183.7 in August. According to NAR a reading of 100 would indicate that the median income family with a 20% down payment can afford a mortgage on a median priced home.
 

Jack gives an example of a median priced home in greater Phoenix, purchasing it with 20%, at todays 4.12% interest rate, results in monthly payments less than half what the rental for the same home would be.

Of course, as we discussed many times in prior blogs, the banks are being piggy and not lending the money they should, even to qualified buyers. This must be rectified first, in order to move forward!
 

Personally, my sentiment has always been the same. I'd rather keep my money in "East End dirt", as I call it, rather than anywhere else on the planet!
 

As Kramer would say, "Buy, Buy, Buy".

A WEEKEND OF TOWN AND COUNTRY OPEN HOUSES ON THE NORTH FORK…

Saturday, August 21st, 2010

Aren’t Open Houses are a fun way to find the home of your dreams?

If you are looking for a home with a dock – this weekend is great: Town and Country Agents are making it possible to see quite a few -priced right- waterfont homes with private docks on the North Fork- for your convenience-no appointments needed!

Our T&C agents are professionals who know the RE market – that’s their business. So do not hesitate to pick their brains while you visit their open houses. Remember-they know the best homes on the market: ask them for their favorite listings! 

Click here for this weekend’s Open Houses

HOME SALES REPORT UP 13.4%

Wednesday, March 24th, 2010

It may seem so confusing with home sale reports coming at you from all different sources with all different results.

So what is a seller and buyer to do?? As a Real Estate Broker who has been publishing Market Reports for many years,, the answer to that is.. #1- know your source #2- get specific! Your source should be someone working in the field for a minimum of 10-20 years with great success AND the reports you review should be specific to your area of interest. In our Town & Country Home Sales Reports for the Hamptons and the North Fork, in addition to consolidating the numbers, I break each report down to inspect different markets with in each market then monitor the number of home sales, the median home sale price, total sales volume AND the number of home sales within 6 different price catagories. Visit www.1TownandCountry.com/Reports to view Quarterly and Year End Reports.

While nationally, reports have indicated home sales were down, the National Association of Realtors just published a report indicating MLS statistics show Long Island realized a 13.4% jump in home sales in February 2010 compared with the same period one year earlier.

In fact all of Long Island was up 13% year over year.

Such information is crutial for both buyers & sellers when entering negotiations. Buyers reading national home sale reports may believe they are the ONLY buyer and lose the house due to inappropriate information…

I always reccomend buyers and sellers do their home work and confer with experienced knowlegable professionals… after all it is one of your greatest purchases in life.

Short Sale Seminar

Tuesday, December 16th, 2008

 The "S" Word.

Short Sales. A phenomenon so rare on the East End, up until now, that you could identify each one. The Hampton and the North Fork may have been one of the last hold-outs, but in the past few months the amount of short sales on both the north and south fork have been mounting due to job loss, shrinking pay checks, poorly structured mortgage loans and more.

While we are somewhat insulated to the market swings that occur in other parts of the country, thee is a direct connection to Wall Street form our main Streets and therein lies some of the problem.

The Federal Government is taking unprecedented measures to stabilize housing and curtail the wave of foreclosures on the horizon because we have come to find much of our overall economy is intertwined in the American dream – homeownership.

Capitol Hill has identified a need to stabilize the housing market first in order to begin the recovery process. To that end, Town & Country has collaborated with local Real Estate Attorney Robin Lang, who specializes in short sales, Mortgage Broker Victoria Hohman from Manhattan Mortgage Company, and our own Elizabeth (Miss) Capozzoli, Licensed Real Estate Broker and Certified Short Sales Specialist to offer a series of free educational seminars specifically on Short Sales

Wednesday, January 14, 2009 from 7-8:30 pm at the Hampton Bays Library, 52 Ponquogue Ave

Panelist are:

LEGAL - Robin Long, Esq or Fier & Long PC Attorney, 631-585-4344

REAL ESTATE - Elizabeth Missy Capozzoli from Town & Country Real Estate, 631-288-3030

MORTGAGE- Victoria Hohman from Manhattan Mortgage Broker, 631-324-1555

 

Welcome to Town & Country Blog

Wednesday, June 25th, 2008

All of us here at Town & Country would like to extend a warm welcome to our visitors. We look forward to hearing your comments and thoughts and will reply accordingly and timely. best, Judi A. Desiderio, CEO