This 2 Family Brick house is located in the heart of Elmhurst, just blocks away fromm Queens Boulevard & Queens Shopping Mall.

It features One Bedroom Apartment on the 1st floor: 2BR apartment on the 2nd floor & spacious Basement with the seperate entrance to the Back yard .

Great for City commuters

This spacious Hi Ranch is located on a beautiful tree-lined street. It features 4 Br, large Formal Dining Room, Eat-in-Kitchen, Family Room, summer kitchen, 3 Full Bathrooms, 2 car Garage

Great condition

This beautiful, true Center Hall Colonial  with water views from all Rooms is located in Beechhurst, on a quiet street. It is a very large house with LR, FDR, Den overlooking In-ground Pool, enormous Eat-in-Kitchen, 1/2 Bath-on the 1st floor; 4 large Bedrooms & 2 Bathrooms on the 2nd Floor and finished Basement.

It has a very large in-ground sweeming pool, heated, salt water .

2 Car oversized Garages and private drive ways

Large Single Family Colonial in Malba Gardens. It fetures LR, large FDR, 4 large Bedrooms, 3 Full Bathrooms, EIKit, Full finished Basement with summer Kitchen, entrance to the Back yard.

It is located on a very quiet, private street in a beautiful neighborhood.

This totally updated Ranch is located in one of the most desirable neighborhoods of Whitestone Woods. It is situated on 80 x 110 park-like lot.

It features 4 Bedrooms & 2 Full Bathrooms, Living Room, L-shaped large Dining Room, completely finished lower level with Family Room, 1 Bedroom, 1 Full Bath.

It has 2 Car Garage and a private drive way for 4-5 Cars.

Cathedral ceiling, stairs to the loft/library, Fire Place, video security system, sprinkler system and more features

House is in mint condition.

This modern Raised Ranch is situated on a quiet tree-lined dtreet in North Flushing, on thye boarder with Whitestone.

Originally a 3 Bedroom house was converted into 2Bedrooms with oversized master Bedroom , large Formal Dining Room, modern Eat-in-Kitchen & a Spa Bathroom. Lawer level features large Family Room, modern Kitchen, 1  Full Bathroom, SE.

Private fenced-in Backyard with fish pond & waterfall, sprinkler system, CAC thru the house, alarm system & much more

This beautiful dormered Cape is located on a quiet street in a country setting. It is located two blocks away from Malba and 1 Block from Whitestone Woods.This totally updated home features 4 Bedrooms, 3 Full Bathrooms, Living Room, Formal Dining Room and large completely finished Basement with brand new stylish Kitchen, full Bathroom Family Room. Large in-ground heated pool in a private , fenced-in back yard. Beautiful landscape ads more charm to this already handsome house.

If you have not owned a home in three years, you qualify as a first time home buyer.  If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for this credit.  Call your friends who just bought a home since April 9th and tell them they may take $7,500 off their tax bill if they qualify.  It has to be your principal residence, so rentals do not count.

The tax credit is 10% of the cost of the home, up to a maximum of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit.  In other words, you take $7,500 off your tax bill.  But there is a catch; the credit you receive now is actually an interest-free loan that must be repaid.

The loan has no interest, and will be paid back over 15 years.  You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment.  You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year.  If you stay put for 15 years, you pay it off with no interest.

What happens if you sell the house?  You pay the balance back at the closing.  So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house.  What happens if you do not make enough money when you sell your house?  They forgive the rest of the debt. 

Other restrictions stipulate that you have to buy your first house in three years before July 1, 2009, not have super high income, not use bond financing and buy anywhere in the US.

If you’d like to learn more about this program, please call me!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability.  Even though interest rates have gone up in the last six months, they are still near historic lows.  Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life.  It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.”  To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.