North Fork, Long Island, NY Real Estate Blog OptionsRealty.com

Home Inspection Issues for East End, Long Island Home Sellers/Buyers

Authored by: Laurie Mindnich
December 7th, 2009 category: Real Estate News

We’ve been very fortunate to experience positive home inspections for buyers, as well as sellers, but there is no question but that for both sides of a home sale transaction, the inspection is cause for stress.

In seeking out great advice from the source (a home inspection company), this site was discovered, and we were happy to see very clear guidelines offered in order to expedite (or not) a home purchase.

For home sellers, provided is a concise list of things to prepare for when anticipating a home inspection- suggestions can be found here. Simple ways to avoid minor problems that might have the appearance of larger problems are worth eliminating prior to putting your home on the market.

For home buyers, an understanding of the purpose, as well as warning signs to watch out for, can be found here.

Understanding just what you’re looking FOR can be found on additional pages found on the site- it’s worth a look!

While we have not used the company that has authored the advice above, they appear to have a very clear understanding of what their customers seek: a successful outcome to a home inspection, with as little in the way of stress as possible!

For a link to NY Home Inspection Group, located in Merrick, NY, their site can be found here.

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East End Blast From the Past

Authored by: Laurie Mindnich
December 7th, 2009 category: North Fork Neighborhoods

It’s always interesting to find old articles that focus on the North fork and its early settlers.

The following is a New York Times article that goes back to 1890, and shares some prominent names/families, whose street signs have become a permanent fixture in Southold- some skinny behind the signs!

And for those of a “certain age”, how charming to refer to one young (at least by todays standards) womans age as one who is “20 summers” old- with summer on the North fork being such a lovely experience, not a bad way to express an age. Utterly charming.

The article can be found here.For those seeking historical homes, how interesting to get a glimpse into just who may have occupied the home of your dreams, so many years ago….

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HOMES SOLD/HOMES FOR SALE MARKET REPORT EAST END, LONG ISLAND

Authored by: Laurie Mindnich
November 30th, 2009 category: Real Estate News

While we’re a month shy of an end to 2009, the following information is data collected from the Multiple Listing Service of Long Island, providing homes sold, and homes available for sale, on the North fork of Long Island.

Offered is a YEAR TO DATE compilation, so numbers provided include homes sold between JAN 1, 2009 through November 29, 2009.
Additionally, homes currently available in each town/village are provided.

AQUEBOGUE, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 64
SOLD year to date: 12
Median sold price: $344,750
Average sold price: $ 574,900

BAITING HOLLOW, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 45
SOLD year to date: 35
Median sold price: $385,000
Average sold price: $377,813

CALVERTON, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 75
SOLD year to date: 17
Median sold price: $174,500
Average sold price: $191,206

CUTCHOGUE, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 54
SOLD year to date: 22
Median sold price: $515,000
Average sold price: $833,000

EAST MARION, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 24
SOLD year to date: 8
Median sold price: $461,250
Average sold price: $665,313

GREENPORT, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 41
SOLD year to date: 30
Median sold price: $368,750
Average sold price: $478,193

JAMESPORT, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 27
SOLD year to date: 11
Median sold price: $393,000
Average sold price: $415,409

LAUREL, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 17
SOLD year to date: 8
Median sold price: $532,500.
Average sold price: $649,688.

MATTITUCK, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 58
SOLD year to date: 58
Median sold price: $405,000
Average sold price: $510,503

NEW SUFFOLK, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 17
SOLD year to date: 5
Median sold price: $2,950,000
Average sold price: $2,105,000

ORIENT, NY HOMES SOLD/HOMES FOR SALE:

Homes available for sale: 16
SOLD year to date: 8
Median sold price: $814,500
Average sold price: $1,123,625

PECONIC, NY HOMES SOLD/HOMES FOR SALE:

Homes available: 12
SOLD year to date: 4
Median sold price: $482,500
Average sold price: $504,000

RIVERHEAD, NY HOMES SOLD/HOMES FOR SALE:

Homes available: 175
SOLD year to date: 64
Median sold price: $278,000
Average sold price: $284,578

SOUTHOLD, NY HOMES SOLD/HOMES FOR SALE:

Homes available: 134
SOLD year to date: 52
Median sold price: $527,500
Average sold price: $ 590,888

To search for condos on the East end (North fork, Hamptons) of long island, click HERE.

To search for single family homes on the East end (North fork, Hamptons) of Long Island, click HERE.

To search for FORECLOSURES/REOS on the East end (North fork, Hamptons) of Long Island, click HERE.

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East End, Long Island Holiday Safety Tips

Authored by: Laurie Mindnich
November 27th, 2009 category: Real Estate News

Now that Thanksgiving is here, I find myself planning for lights in and around the house.

While the prospect of getting on a ladder to clip lights on the exterior of the house is not an endeavor to be relished, furthest from my mind were the safety elements of such a traditional endeavor.

I guess we’re lucky that no one has used the wrong ladder, or taken a spill!

In addition to the physical exhertion that requires care, the following article is demonstrative the awareness that we all should keep in mind over the course of the season:

http://esfi.org/files/u1/Holiday_Decorating_Safety.pdf

Here’s to a safe and happy decorating season. Still not sure if the lights requiring a ladder will find their way up this year…

If you are in the process of selling your home, a spotlight on the sign might be nice (they can be found in different colors) but in some cases, less is more. Unlit lights, visible in daylight, tend to be a bit less attractive than a night time display. Additionally, taking care to place inside decorations in such a way as to keep the space itself from feeling cramped might offer a bit more to potential buyers seeking to visualize themselves in your home.

Sometimes, a little less can be a whole lot more…

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Foreclosure / REO / Bank Owned in Westhampton Beach, Long Island NY

Authored by: 24/7 Realty
November 13th, 2009 category: East End LI Foreclosures

Foreclosure opportunity in the Hamptons, Long Island, NY! Seeking offers for this home located close to area attractions, summer activities, and the HAMPTONS!

Bedrooms:5
Baths:2
Recorded square feet:1695
Full finished basement, large private yard.

To see East End, North fork, Hamptons REO/ Bank Owned, click here, and select “foreclosures.”

If you are looking for a home or bank owned foreclosure for sale on the North Fork / East End / Hamptons of Long Island, please fill out the form below.

To see East End, North fork, Hamptons REO/ Bank Owned, click here, and select “foreclosures.”

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Home Sales Volume on the North Fork of Long Island DOUBLES in Oct. 2009 over Oct. 2008

Authored by: Laurie Mindnich
November 3rd, 2009 category: East End LI Foreclosures, Real Estate News

The following statistics were taken from MLSLI (the Multiple listing service of Long Island). While imperfect, an obvious improvement has emerged over October 2008 in purchase activity for 2009:

Under contract properties on the North fork of Long Island, October 2008: 25

Median closed pricing: $424,450.

The median listed price in 2008 was $439,000.

Under contract properties on the North fork of Long Island, October 2009: 50

Median list price at time of contract: $424,990.*

*until properties close, contracted pricing is unavailable.

Towns included for this activity, and sold activity found below: Riverhead, Baiting Hollow, Calverton, Jamesport, S. Jamesport, Laurel, New Suffolk, Mattituck, Cutchogue, Southold, Peconic, Greenport, E. Marion, Orient.

That is double the number of contracts written over 2008. Before a celebration, however, it must be noted that October of 2008 (along with it’s September preface) was a “frozen” market- the true measure of how dire the banking industry had become was in evidence, with buyers scurrying to the sidelines in hopes of waiting things out to see exactly how the real estate market was going to react (or, COULD react) under such dire circumstances. So, the fantastic news is that we are no longer in that dreadful, shell shocked time, and buyers are responding to the resultant price drops afforded by forward thinking sellers. May we NEVER (at least, in our lifetimes) see such a truly horrific banking month…

Closed properties on the North fork of Long Island, October 2008: 46

Median closed pricing: $514,950.

Closed properties on the North fork of Long Island, October 2009: 39

Median closed pricing: $387,000.

Corey Creek Reality check: buyers are completing transactions, but they are seeking lower pricing. Sellers providing this bit of realistic pricing are seeing a sale come to fruition. Prices remain in a declining position, but buyers are willing to purchase if the price is right!

Congratulations to all sellers/ new homeowners on the North fork of Long island in October, 2009!

**while deemed a great gauge of trends, please consult your Realtor for a full market analysis.

To search available homes for sale, foreclosures, bank owned, REO on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.

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East End Second Home Tax Info

Authored by: Laurie Mindnich
October 27th, 2009 category: Real Estate News

On the east end of Long Island (North fork, Hamptons) a good percentage of homes are second homes.

Because some sellers are weighing out the benefit of continuing to rent, vs. selling, we thought we’d put up a link that defines second home sales tax ramifications for those weighing out options.

If you’re thinking of selling your second home on the East end of Long Island (Hamptons, North fork), it’s worth a look.

We are not dispensing tax advice; please consult your accountant for clarification on all scenarios.

http://www.bankrate.com/finance/debt/new-tax-rules-could-cost-second-homeowners-1.aspx

For those looking to buy a second home for future retirement, we hope that the above article sheds some light on ever changing tax rules!

If you are looking for a home for sale on the North Fork / East End of Long Island, please fill out the form below.

To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.

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East End LI Foreclosures/REO’s Found Easily

Authored by: Laurie Mindnich
October 25th, 2009 category: East End LI Foreclosures, Real Estate News

For those unfamiliar with a MULTIPLE LISTING service, it’s a real estate listing website normally inclusive of all area listings, provided by all local MLSLI member real estate agents. On Long Island, the multi list is called MLSLI (Multiple Listing Service of Long Island).

Part of membership is the ability to provide all homes for sale for those seeking real estate information, with those listings entered into the MLSLI by cooperating companies. This is called an IDX feed, and allows a property to find exposure on ALL MLSLI member real estate websites, as well as on the MLSLI and listing company website. The idea behind this cooperation is that it will increase exposure for sellers, and provide multiple venues for buyers.

BANKS WANT THEIR REO’S ON AN MLS.

When bank owned properties began appearing with more quantity on the East end of Long Island (Hamptons, North fork), these listings were entered into the MLSLI. As a company that is involved in listing REO’s, it’s not negotiable: BANKS WANT FULL EXPOSURE FOR THEIR PROPERTIES, and listing agreements with their broker of choice requires input into the MLSLI system.

While it’s been possible for us, as a real estate company, to locate bank owned and REO properties for potential clients, it has NOT been possible for those interested in bank owned to view them all in one place, at one location, absent a real estate agent providing the data. The IDX systems are set up to show ALL properties, but not specifically bank owned, or short sales.

AS OF MONDAY, Oct. 26, 2009, OUR IDX PROVIDER IS CHANGING OUR SEARCH OPTIONS. Included in the search will now be an option to seek out foreclosures ONLY, without having to search through all listings to locate an reo. These will include not only our REO listings, but ALL listings.

It will work like this: when you go to the blue button for “north fork homes” (BLUE TAB ON THE RIGHT) you’ll be brought to the regular MLSLI IDX feed. What will be different is that when you view property “type”, the additional choice of “foreclosures” will be available to click on. This will bring you ALL currently listed REO properties on the east end of Long Island.

At this juncture, we are uncertain as to whether or not it will have the capability to search outside of the east end, but we hope so- a simple choice of towns will bring to you all of the foreclosures available in that town.

Give it a try. Signing up is easy, and free- no hassles, and no phone calls. You can even have REO’s delivered to you as they appear on the MLSLI.

If you’d like more information on REO listings, we’re here to help. If you’d simply like to check out what’s available, it’s right there for you- just click the blue tab “north fork homes”.

If you are looking for a home for sale on the North Fork / East End of Long Island, please fill out the form below.

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Living on the North Fork Promotes Good Health?

Authored by: Laurie Mindnich
October 19th, 2009 category: North Fork Neighborhoods

Think that a move to an area known for bucolic landscape is simply “nice”? We found the following article of interest- a scientific study that living near open spaces is good for your heart, and mind.

It makes sense, this lack of urgency- perhaps being a tiny bit late for a meeting in order to see just how many hummingbirds will hit the feeder is a good thing. And who can resist walking for just a little bit longer along the shorelines of the North fork?

With homes available that offer the pleasant sounds of bird songs, leaves rustling, and an occasional visiting deer as part of the package, hoping that overall health is an added bonus might well be the reality!

If you are looking for a home or bank owned foreclosure for sale on the North Fork / East End / Hamptons of Long Island, please fill out the form below.

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Is Your East End, Long Island Rental in Lis Pendens?

Authored by: Laurie Mindnich
October 12th, 2009 category: East End LI Foreclosures, Real Estate News

Having seen firsthand the devastation that an unsuspecting renter faces when being served eviction papers at their rental home, we thought that the site found here at RentalForeclosures.com might provide a heads up.

While it remains possible that a Hamptons / North fork rental property owner is behind in payments, but not yet on file with a lis pendens (preforeclosure) notice, the ability to look up properties that you’re considering for a rental might head future problems off at the pass.

The large majority of rental opportunities have no issues, but peace of mind is worth a look.

If you are looking for a home or bank owned foreclosure for sale on the North Fork / East End / Hamptons of Long Island, please fill out the form below.