Plainview, Old-Bethpage, New York. Real Estate.   The Real Estate Market is becoming more seller friendly. 
Houses are selling with multiple offers and prices are starting to rise.

Posted by Mark Schreier, LSA,CBR www.TopPlainviewRealtor.com

I recently attended a workshop by one of the major lenders in the mortgage world. Wells Fargo. They are offering a new mortgage loan that caught my interest. The Union Plus Mortgage Program.  It is in a nutshell a product that all union members and their families should consider.  As a teacher, union member  and a  realtor I was happy to see a program that offers a little extra for us.


Home financing benefits for Union Members and Their Families

All active and retired union members and their parents or children may be eligible for exclusive home financing benefits.

$500 Mortgage Gift award cardExclusive mortgage assistance benefits (interest free loan or grants  if you go on strike, become disabled or unemployed) $500 First-Time Home Buyer AwardPlease shop around when selecting a mortgage company and contact your financial advisory before signing any documents locking you into a specific company or loan.  I have included the Wells Fargo link below, Happy Mortgage Shopping.

http://www.unionplus.org/union-plus-faqPosted by Mark Schreier, LSA,CBR www.TopPlainviewRealtor.com

Plainview housing inventory is at an all time low.  Houses are selling, some with multiple offers.
The numbers from the MLS are listed below. 

                                           If you are thinking about selling,

Record low interest rates + low inventory = more MONEY for youPosted by Mark Schreier, LSA,CBR www.TopPlainviewRealtor.com

Plainview housing inventory is at an all time low.  Houses are selling, some with multiple offers.
The numbers from the MLS are listed below. 

                                           If you are thinking about selling,

Record low interest rates + low inventory = more $$$$$ for you

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Posted by Mark Schreier, LSA,CBR www.TopPlainviewRealtor.com

The pros and cons of purchasing a short sale property


Some buyers find themselves contemplating the purchase of a short sale, a property that sells for less than the balance its owner owes on the mortgage, despite the possible added complexities. If this is something that you are considering, please take note:



Pro: A major advantage to purchasing a short sale property is the price. Banks do not want a property to go into foreclosure, which is usually the next step if a short sale property fails to sell. Often buyers can purchase a property for under the market value.



Con: The disadvantage of buying a short sale is that it can be a very lengthy process. Short sales often take significantly longer than normal closings due to the amount of people involved in the transaction. The bank employs negotiators to get the maximum amount for a property and once the negotiator approves, a supervisor must review the package. You may wait for months while your offer is evaluated and the lender may reject your offer, even after having had the paperwork for a long period of time. If you do not have a flexible time frame, a short sale probably isn’t for you.



Recommendation: When shopping short sales, remember to work with a qualified real estate agent who has experience with short sales. Short sales can be complex, so it helps to ask about experience and success with short sales and familiarity with the process and lenders.



Contact me for more: Mark Schreier Century 21 Prevete Real Estate.  516 263-9094




Posted by Mark Schreier, LSA,CBR www.TopPlainviewRealtor.com