Joseph Armato New York top real estate opportunities today

Joseph Armato New York, NY hot realtor strategies today? Global Realty Development, LLC brings you some of the finest and most innovative real estate developments in New York City and the surrounding areas. From visionary design to state-of-the-art engineering, our brokerage continues to raise the bar for luxury developments in one of the most dynamic cities in the world. The company has been serving real estate investors for over 16 years. Owner-operator Joseph “Joe” Armato, Sr. leads a team of licensed agents, brokers, and other professionals, facilitating high stakes transactions with ease and taking a hands-on approach to property management. His son, Joseph Armato, Jr., is a licensed agent with formidable negotiation skills. The father and son team is dedicated to meeting the needs of their clients, going above and beyond to ensure the success of every transaction.

Speaking of that home being out of your price range, you may want to get pre-approved with a bank or mortgage lender ASAP. First off, real estate agents won’t give you the time of day without one, especially in a red-hot market. And secondly, if you don’t know how much house you can afford, you’re basically wasting your time by perusing listings and going to open houses. This is especially true if the homes you’ve got your eye on are consistently going above asking since you’ll need even more purchasing power. It’s not hard or all that time consuming to get a mortgage pre-approval, and it’ll give you more confidence and perhaps make you more serious about finally making the move. Tip: Look for an online mortgage lender that lets you generate a pre-approval on the fly in minutes (and know you don’t have to use them if and when you proceed with a purchase!).

There are two types of properties: Residential and Commercial. You can either rent or flip properties. Flipping refers to buying cheap properties, upgrading them, and then selling them for profit. Decide what you want to do before investing and stick to the plan. Location is a crucial factor in real estate. You have to know what it offers. Do not just buy properties because the price is right. When investing in residential properties, research the following: community; standard of life; proximity to hospitals, airports, local attractions, stores, etc. When investing in commercial properties, research the following: the population of the area; whether parking is available; demographics.

Joseph Armato New York real estate trick daily: Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.

Renovating improves the house value says Joseph Armato New York : Undertaking work yourself can allow you to control costs and quality, but don’t be over-ambitious and plan to do more work than you really have time – or the skill – to undertake successfully. You could end up slowing the whole project down and living in a building site for years, which can in turn lead to family conflicts and potentially to accidents. Bad DIY will also cost you dearly, slowing down the other trades, wasting materials, sometimes causing work to be done twice, and ultimately devaluing the property if it is not put right. You can get so tied up in DIY work that you lose focus on running the project and keeping up with decisions.

Sure, interest rates are low right now—which can help with affordability. Just be careful not to let that pressure you into buying a house when you aren’t really ready. A super low interest rate on a house you can’t afford is still a bad deal. So remember to stick to our advice on monthly payment limit, down payment amount and mortgage type (see Trend #2) and you’ll be in great shape! If interest rates stay low, buyers will be more motivated to buy your home sooner than later. But if interest rates do start to increase later in the year, just plan for your house to be on the market a little longer. If you don’t plan on moving anytime soon, you might still be able to take advantage of these super low interest rates and shorten your payment schedule by refinancing your mortgage. See even more information at Joseph Armato.

When we first started our home renovation journey I heard from so many people that the process wouldn’t be easy. But boy, I didn’t think it would be that hard. Renovating our home literally took years off of our lives. When I was going through it, I remember getting a DM from a reader who told me that they renovated their home about 3 years ago and while it was miserable, they would do it again in a heartbeat. At that moment, I wasn’t sure if she was right. Would I voluntarily put myself through this again? Fast forward a year, and it turns out she was right. I would do it again, but I would do it a little differently. Here’s what I wish I knew before I renovated my house and some home renovation tips: