Archive for the ‘New York’ Category

Real Estate Laws

Posted in Dubai, Europe, Hong Kong, India, Mortgage, New York, Predicitons, Tips, USA  by: Marie
August 14th, 2008


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Real estate laws vary greatly form state to state. If you are buying real estate you should understand what rights you have in the state you are in. In California you have many rights and are legally covered in many cases to have these rights.

The following list explains the basic rights every buyer has when buying real estate in California.

1. You can and should interview and compare many agents and lenders during the beginning of your process. This will help you to find the best people suited to help you. Avoid jumping right into a deal without first looking around.

2. California has a Residential Purchase Agreement called a RPA-CA. You have the right to use this document to make or accept offers.

3. California has a law that states an agent must tell you about any relationship they have with seller. There is an Agency Disclosure Form you can use for this purpose.

4. You can and should have an attorney look over all paperwork. California is an escrow state, which means there is a third party involved to help for enforce the contract. So understanding it is important.

5. The RPA-CA contract allows you to have the right to reject any offer you’ve made if you are not satisfied with the physical condition of the home or neighborhood.

How to be Smart in Attending Open Houses

Posted in Dubai, Europe, Hong Kong, India, Information, Mortgage, New York, News, Predicitons, Tips, USA  by: Marie
August 14th, 2008


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Whenever you visit an open house, jot down a few things that you like and dislike about it as soon as you arrive. What is its overall appearance from the outside? Is it close to nearby schools if that is a necessity? How about shopping malls? And how far away would it be from your job? Sometimes these are questions that home buyers fail to take into account early in the buying process.

When inside the home, be sure to check everything and take plenty of notes as you go. A few things to watch for are the condition of the cabinets, the carpet, the walls, the ceilings, and so on. Take good notes on any items if you feel may need repair.

Consider the size of all the rooms in the home, and determine if they will meet the needs of you and your family. If necessary, even take a tape rule with you to be able to measure out individual rooms and see what kind of space is available. Pay particular attention to storage and closet space, as this is an area that is quite often overlooked by new home buyers, but will become very important if you should decide to buy.

It’s also a good practice to spend a few minutes outside the home and listen for noises that could be bothersome. Perhaps there is a train that passes nearby, or freeway noise that seems excessive. Just taking the time to listen can sometimes be very illuminating, and can help you ovoid moving into a home where noises could be constantly irritating.

East Hampton, New York

Posted in New York, USA  by: Marie
July 23rd, 2008

It is the most famous town of the Hamptons. It is a town located in southeastern Suffolk County, New York. It is the easternmost town on the South Shore of Long Island. The town includes the village of East Hampton and four hamlets of Montauk, Amagansett, Wainscott and Springs.

It is the easternmost point in the state of New York and is surrounded by the ocean on three sides. The town is a peninsula forming the tip of the South Fork. On its south side you will find the Atlantic Ocean, the east by The Block Island Sound and the north by several bays such as, Gardiner’s Bay and Fort Pond Bay.

East Hampton earned its reputation as “the playground for the rich”. Living here is very expensive. In 2006, the median price of a house was $895,000. Last 2005, the cost of living in this town was 326% of the national average. Several houses in this town now sell at tens of millions of dollars.

Famous residents include: Martha Stewart, Jerry Seinfeld and Puff daddy among others. Two first ladies also spent their childhood here, Julia Gardiner Tyler and Jacqueline Bouvier Kennedy Onassis.

The Playground for the Rich and Famous

Posted in New York, USA  by: Marie
June 23rd, 2008

If you watch Sex and the City, you will notice that Carrie and her friends spend some of their summers and weekends at what they call, “The Hamptons”. It is a three hour drive from New York City. Most New Yorkers retreat to the Hamptons after their chaotic work in the city during weekends.

The Hamptons specifically refers to the towns of East Hampton and Southampton, South Fork, Suffolk County, New York on the east end of Long Island. It is surrounded by the ocean on three sides. Anyone who has a lot financial resources aspires for the Hamptons as a weekend getaway. It has earned its reputation as the playground for the rich and famous especially for the town of East Hampton wherein two first ladies spent their childhood and resided in the area.

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