Dear Friends and Friends of Friends -
With the prime Spring selling season arriving soon, some owners are preparing to list their properties for sale. I am constantly irked by some of the ploys a few brokers use to obtain listings, even though the techniques may work to the sellers' disadvantage. Here are
5 Essential Questions Sellers Might Not Think To Ask Brokers they are thinking of giving their listings to. Please feel free to pass this along to anyone you know who is about to sell their property.
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As I think I've mentioned before, my family and I are extremely fortunate to live in our beautiful brownstone, which also provides rental income. When my wife and I first purchased the home, that income made our monthly expenses -- mortgage, taxes, etc. -- about equal to what we'd been paying to rent a two bedroom apartment, or about what our monthly expenses would be if we'd bought a two bedroom apartment instead. Now, years later, our rental income more than covers our monthly expenses with a gradually increasing amount left over.
I am a proselytizer for owning a home with income! The responsibilities are hardly more than owning your condo or coop or single family home, and it is a great feeling hearing the rain beat on your own roof, which also shelters others. Granted, prices have gone up considerably since we bought (another good thing about this) but the formula still holds approximately true -- you can purchase a home with one or two or three rental units in some wonderful emerging neighborhoods and use that income to have your monthly expenses come out to about what you'd have paid for a two bedroom rental or coop/condo.
Here are some typical
2 and 3 family homes on the market NOW for under $1.5 million (some well under) in Clinton HIll, Crown Heights, Bed-Stuy, Fort Greene etc. If you'd like to run the numbers on these with me, or others matching your own price point and neighborhood, please give me a call.
Best regards,
Jay
Jay Molishever
Associate Broker
CitiHabitats
917 538 4516
