Archive for November, 2009

Flatbush Brooklyn Victorian Needs Loving!

Wednesday, November 18th, 2009

278 East 32nd Street

Open House

Saturday & Sunday

November 21st and 22nd

2pm to 4pm

Flatbush Victorian with Charm!

Flatbush Victorian with Charm!

Take a Look at this Five bedroom  Victorian home in the heart of Flatbush Brooklyn! Features include lots of old world charm and details. The property is 40 x 100 with a two car garage. This home is a great candidate for the FHA 203 K Rehabilitation Mortgage Loan!

Come See And Compare!

brought to you by Charles D’Alessandro and Brooklyn Real Estate Sales

Opportunity’s Knocking For Brooklyn Real Estate Agent!

Tuesday, November 17th, 2009

Good Morning All! As I get ready to start my day as a real estate agent in Brooklyn, I think about what I have to do today, what are the challenges and issues to be dealt with from yesterday. I think wins and losses! But in reality there are no losses. Let me explain the beauty of this business and a life in fact, there are no losses, just lessons. We live to win another day! The real estate business, from Realtors position should be seen as a learning process. A Realtor can take sales classes to get designations and  educate themselves on the many procedures of the real estate business. But the education comes in our day to day experiences. At the end of the day, I find it very helpful to look back and ask myself  what did I learn today. The classroom called life always has valuable lessons. I do not believe in a bad day! The day is not bad, maybe everything didn’t go the way you planned or liked, but it may turn out to be a windfall in the future. Always stay alert, be positive, everyone matters, treat people the way you would like to be treated. And don’t forget to smile! Be the best you you can be every day! Opportunity Knocks Every Day! Be Prepared To Hear It!

Brought to you by Charles D’Alessandro of Fillmore Real Estate

To learn more about me and how I can help you achieve your real estate goals, read my Brooklyn Real Estate newsletter .

Waiting Until The Spring, To Get Into The Brooklyn Real Estate Market?

Sunday, November 15th, 2009

Are you planning to buy or sell real estate in Brooklyn, but considering waiting for spring? This is the time of year  people start gearing up for the holiday season. We start shopping getting ready for holiday dinners, plan vacations, and in the real estate industry planning for the holiday slow down! In all the years I have been a Brooklyn real estate agent, I find this  time of year to be very rewarding. I do not feel in the grand scheme,that this season will be any different. Buyers who are looking for a home can be sure that houses on the market this time of year are owned by serious sellers. To the sellers, the buyers are more likely ready to buy as well. With the incentives to the buyers, and the interest rate at a long time low, it is prime time to sell, and buy real estate. As for the seller who want to wait for the spring, think about this. In the spring there will be much more competition, in that there will be many more homes for sale which may affect the selling price .Will interest rates go up,or down? If the interest rates do go up, as many experts predict, this too will affect the market. This  should also be of concern to the buyers, if the interest rates increase you will be able to afford less house  and or may not be eligible for a mortgage. You cannot time the market, so what better present to you and your family then a new home in Brooklyn? Remember do your research ! Happy Holiday To ALL!

Brought to you by Charles D’Alessandro of Fillmore Real Estate

To learn more about me and how I can help you achieve your real estate goals, read my Brooklyn Real Estate newsletter .

More Important Information On The Home Buyers Tax Credit!

Saturday, November 14th, 2009
he Tax Guy by Bill Bischoff (Author Archive)

Published by Smart

Home Buyer Tax Credit: 10 Things to Know

On Nov. 6, the president signed the new Worker, Homeownership, and Business Assistance Act of 2009 into law. The centerpiece of this legislation is the extension and liberalization of what is now inaccurately called the first-time home buyer credit.

Here are the 10 most important things to know about the revamped credit.

1. New purchase deadline extends into 2010

The home buyer credit was previously scheduled to expire on Nov. 30, 2009. The new law extends the deal to cover purchases of U.S. principal residences that close by April 30, 2010. However, if a home is under contract on that date, the deadline for closing is extended to June 30, 2010.

2. Existing homeowners can now qualify

The new law allows a reduced credit for existing homeowners who buy a replacement U.S. principal residence after Nov. 6, 2009. The credit equals the lesser of: (1) $6,500, or (2) 10% of the price of the replacement home, or (3) $3,250 for a buyer who uses married filing separate status. The new existing-homeowner credit is only available for purchases that close after Nov. 6, 2009. To qualify, the buyer must have owned and used the same home as a principal residence for at least five consecutive years during the eight-year period ending on the purchase date for the replacement principal residence. If you’re married, your spouse must pass this test too (whether or not you file jointly).

3. Larger credits still allowed for first-time buyers

Before the new law, the home buyer credit was only available to so-called first-time buyers, which means someone who had not owned a U.S. principal residence during the three-year period ending on the purchase date for a home that will serve as the buyer’s new principal residence. If you’re married, both you and your spouse must pass the three-year test (whether or not you file jointly). These first-time home buyer rules still apply for purposes of claiming a larger credit of up to $8,000. Specifically, the credit for a first-time buyer still equals the lesser of: (1) $8,000, or (2) 10% of the home purchase price, or (3) $4,000 if you use married filing separate status.

4. Higher-income folks can now qualify

The home buyer credit is phased out (reduced or completely eliminated) as income goes up. However, the new law significantly raises the phase-out ranges so that many more higher-income buyers will now qualify.

* For purchases after Nov. 6, 2009, the phase-out range for unmarried individuals and married folks who file separately is between modified adjusted gross income (MAGI) of $125,000 and $145,000 (way up from the old-law range of $75,000-$95,000).

* The phase-out range for married joint filers is now between MAGI of $225,000 and $245,000 (way up from the previous range of $150,000-$170,000).

5. New $800,000 purchase price limit

For purchases after Nov. 6, 2009, the credit can only be claimed for a principal residence that costs $800,000 or less. So if your new home costs $800,001, the credit is completely off limits (but I doubt too many people will feel sorry for you).

6. No more credits for kids or dependents

For purchases after Nov. 6, 2009, the home buyer must be at least 18 years old on the purchase date to qualify for the credit. Also, no credit is allowed for a buyer who can be claimed as a dependent on someone else’s Form 1040 for the year of the purchase. These new rules are intended to shut down the practice of claiming the credit for youngish buyers who really don’t even have incomes of their own (like college students who use money from their parents to buy a pad near campus).

7. New anti-fraud rules

A recent government report said the IRS has already identified over 100,000 returns with potentially fraudulent home buyer credits. This is hardly surprising when the government is willing to give away up to $8,000 in free money to anyone who files a return, even when that person reports no income. Believe it or not, absolutely no documentation was required to claim the credit, until now. For credits claimed on 2009 and 2010 returns, buyers must attach a properly executed real estate settlement sheet to the return. Also, the IRS can now simply disallow credits in fishy circumstances (like when it appears the $8,000 credit is being claimed by someone who already owns a home).

8. Credits can still be claimed on prior-year returns

Under the revamped rules, you can still claim the credit for a 2009 purchase on your 2008 return (although you would now generally have to file an amended return to do so). You can also claim the credit for a 2010 purchase on your 2009 Form 1040. This allows you to cash in on the credit sooner rather than later, and it may also allow you to claim a larger credit if your income in the year of purchase is higher than in the preceding year.

9. Credits must still be repaid in some cases

Under old-law rules for homes purchased between April 9, 2008 and Dec. 31, 2008, buyers are generally required to repay the credit over 15 years. However, this repayment rule is generally eliminated for purchases after 2008. That said, you might still have to repay the credit if you sell your home within three years of the purchase date or stop using it as your principal residence during that period.

10. Special rules for military service members

For military service members on extended duty outside the U.S., the new law lengthens the deadline for closing on home purchases for an extra year, to April 30, 2011 (or June 30, 2011 for homes under contract on April 30, 2011). The new law also waives the credit repayment rules for service members who are forced to move due to receiving new orders. The same special rules apply to members of the foreign service and intelligence communities.

Brought to you by Charles D’Alessandro of Fillmore Real Estate

To learn more about me and how I can help you achieve your real estate goals, read my Brooklyn Real Estate newsletter

What My Father Taught Me!

Tuesday, November 10th, 2009

With all that is happening in the financial world today , I have been thinking a lot about my Dad; and things he taught me and my two brothers growing up in Brooklyn.  We were taught among other things: that the phrases, excuse me, please , and thank you, were not optional!  We were a middle class working family.  Mom and Dad always did what they had to do to keep moving forward.  At times Dad worked two jobs, Mom worked from home but we always had food on the table, shoes on our feet, and a roof over our head. When we asked for more then we could afford, Mom said go in the yard  and check the MONEY TREE (There was a tree in the yard that Mom called the money tree), she said if there was anything on it we could get what we wanted.  We never found anything but leaves. Anyway, although we always wanted  as kids, we always had what we needed . Whenever I would talk about what I didn’t have to Dad he would say you don’t know what it’s like to miss a meal, have holes in your shoes, and worry about you next meal.  He always hoped we would   never have to find out. Dad was a child of the depression , and that generation grew up (in a lot of ways) better then we did. They grew up appreciating what the had , never taking anything for granted. If they threw something away it was used to its full purpose or they saved it because it could be of some use some day. When I first received my real estate license Dad said how much does that job pay? To which I answered; I had to sell a house first and wait for it to close then I get paid.  Dad was not comfortable with that, then asked what if you don’t sell a house?  I always thought Dad was negative towards me , but this was not the case . Dad was afraid for me, after all he was a depression child. He remembered when! He remembered that the banks were giving free rent , just so there was someone to maintain the properties , because no one was buying . Dad wanted to buy more property through out his life but he always stopped short . He had a family to worry about. And what if? Dad did okay, and for his family he did great! We always had food on the table , shoes on our feet, and a roof over our head. He taught us: your word is your word , always appreciate what we have, work hard for what we want, and love for the family: they always come first. He also taught me that we are measured by our character, not the size of our bank account, the car we drive or the house we live in.  If your getting a day’s pay, do a day’s worth of  work .This is what my father taught me, and I hope I have passed on to my kids. Thank you Dad you are my role model!  Oh and Thank you Mom!

by Charles D’Alessandro and Brooklyn Real Estate Sales

Humor about the funny things in life!

Thursday, November 5th, 2009

Everybody, Somebody, Anybody, And Nobody

This is a little story about four people named Everybody, Somebody, Anybody, and Nobody.

There was an important job to be done and Everybody was sure that Somebody would do it.

Anybody could have done it, but Nobody did it.

Somebody got angry about that because it was Everybody’s job.

Everybody thought that Anybody could do it, but Nobody realized that Everybody wouldn’t do it.

It ended up that Everybody blamed Somebody when Nobody did what Anybody could have done

Just a reminder to myself that if you need to get things done.

Charles D’Alessandro and Brooklyn Real Estate Sales

Real Estate Agent or Real Estate Professional?

Wednesday, November 4th, 2009

It’s fall 2009, the leaves and the mercury are beginning to fall.  With the real estate market thawing out a bit and the interest rates staying at a steady low. Buyers are shopping for the next best deal, are you as a Realtor prepared?  In the past years with prices on the rise and sales happening at record paces the only thing a real estate agent really had to know was: if a buyer didn’t buy today, the price would be higher tomorrow. In today’s real estate market there is caution, buyers and sellers are able to research and find much of the same information agents have.  Yes, its a very transparent world. So as a Realtor are you prepared?  A good Realtor is priceless to the process.  A good Realtor should strive to improve everyday by research and education (not just how to sell and fancy closing lines). Realtors must study technology, as well as research the market trends and keeping up with mortgage options.  The Realtor of today and of the future is here to consult as well as help interpret the information with their clients.  This takes hard work and commitment  to be the best you can be. So I guess what I’m saying fellow Realtors: the public expects and deserves more!  The product you are selling is you!  Are you the best you can be? Do you choose to be just  a Real Estate Agent or a Real Estate Professional?

by Charles D’Alessandro and Brooklyn Real Estate Sales

To learn more about me and how I can help you achieve your real estate goals, read my Brooklyn Real Estate newsletter

Brooklyn Real Estate News Letter!

Sunday, November 1st, 2009

Here is my Brooklyn Real  Estate news letter feel free to take a look and if you would like to receive it by e mail each month please sign up it’s free! Just another way  to keep you informed .

by Charles D’Alessandro and Brooklyn Real Estate Sales