Category Archives: real estate

Everything You Ever Wanted To Know About Home Improvement!

home improvement questions and answers

For homeowners, embarking on a home improvement project of some kind has become increasingly common, with a 60% increase in money spent during 2016 over the 12 months prior! And that trend is not expected to end in 2017 with 63% of those surveyed planning on spending even more this year! This is according to HomeAdvisor that […]

How Can You Tell A Knockdown Home Versus A Renovation Project?

luxury living in New York

For prospective home buyers, gauging whether a potential home represents a knockdown and rebuild or a renovation project can often be an extremely personal decision! In other words, ‘one man’s trash is another man’s treasure!’ For some an existing home is ‘livable’ as-is by making some minor improvements such as new carpet and paint. For […]

Home Loans Have Never Been Bigger!

average mortgage size keeps moving higher

The average size of home loans, tracked by a Mortgage Bankers Association (MBA) survey since 1990, have never been larger seeming to confirm the narrative that high demand and low inventory is pushing prices higher! __________________________________ Do you know everything that you need to know about your title insurance? Who is your underwriter? What is the […]

Like Real Estate And Mortgages Before, NYC Taxi Medallion Prices Crash!

nyc taxi medallions crash

Some old adages for investing go that ‘nothing goes up in a straight-line’, that ‘you don’t want to be the last one standing when the music stops’ and that ‘bulls and bears make money but pigs get slaughtered’! Investors in real estate and mortgages learned this lesson the hard way heading into, and then following, the […]

FinCEN Geographic Targeting Orders That Seek To Identify High-End Cash Buyers In Certain Cities Extended!

FinCEN extends the Geographic Targeting Orders

Anti-money Laundering GTO extended for 180 days The Financial Crimes Enforcement Network (FinCEN) of the US Treasury has extended the Geographic Targeting Order (GTO), set to expire tomorrow Feb 24. The new GTO is identical to the current order and will not expand the cities or the dollar thresholds. Borough of Manhattan, N.Y.; $3 million […]

Thinking About Selling Your Home “For Sale By Owner’ Or FSBO? Before You Do…

home sellers being pennywise and dollar foolish

Sometimes when a homeowner is selling their home, they see dollar signs and consider ‘saving’ the 3%-6% commission paid to a realtor and try to sell it on their own, aka For Sale By Owner or FSBO! But in reality is this way of thinking actually pennywise and dollar foolish? In other words does the […]

Why You Need A Real Estate Agent!

why you need a real estate agent

If you’re buying or selling a home, why would you try and do it on your own? In today’s technology-rich world, with information immediately available and a desire by many for immediate gratification, some prospective homebuyers and home sellers might rely on the internet and themselves to get the job done! And, if you’re currently involved […]

The Weeks Top Articles From Hallmark Abstract Service…

Photo: LawSchools.com

These are the weeks most popular articles at the Hallmark Abstract Service website… Important Notifications! Website Security: To alleviate security concerns for clients and visitors to the Hallmark Abstract Service website, please note that our URL is now https:// and no longer http://. Golf, Networking, Philanthropy and Business Development: Registration for the June 15, 2017 […]

Trump’s Presidency Will Spell Doom For Long Island Real Estate!

Trump fact and fiction

This is an example of a powerful and attention grabbing headline but, in reality, how much of what we hear and read is merely hype and hyperbole potentially devoid of fact? The truth is that we will not know the impact, if any, that Donald Trump will have on real estate and the economy until he’s in […]

Mortgage Rates Up But Still Affordable! (Chart)

Are homes still affordable?

In mid-October 2016 the average 30-year fixed mortgage rate was 3.64% and a 15-year fixed at 2.93%! Now, post-presidential election and based on the fixed income markets belief that the economy is going to improve thus spurring further rate increases by the Federal Reserve, 30-year fixed rate mortgages are on average 4.31% and 15-year fixed […]