10 Real Estate Markets to Watch in 2012: Rochester, N.Y.

I love talking to reporters but often cringe when I read what they write. This article didn't give me any reason to cringe. It's nothing but good news for Rochester. Enjoy the article!10 Real Estate Markets to Watch in 2012: Rochester, N.Y.

Rochester's Strong Real Estate Market

The Greater Rochester Association of Realtors reported this morning that the number of accepted purchase offers in the fourth quarter of 2011 were up 93 percent, signaling a strong start to the market this year.

Generally, purchase offers result in a close the following quarter.

Home sales in the fourth quarter were up 5 percent over the same quarter of 2010 with 2,243 closings.

I 

Rochester is Great!

It sure seems that the whole world is learning what we've know for quite some time....Rochester, NY is an awesome place to call home.  Just this week, the city was ranked by The Street, a financial news website, as being poised for greatness in 2012!

In the past six months, Forbes ranked Rochester first on the "Best Places to Buy a Home" list.  MSN says Rochester is at the top of the

Feb 1st Deadline for Sr Citizen STAR Tax Exemption.

If you are a senior citizen, aged 65 or older and own and occupy a house in the city of Rochester, you may qualify for a reduction in your school taxes.  This year, the senior tax exemptions will range from a 50 percent reduction for those with 2010 incomes of $29,000 or less, to a 5 percent reduction for those who didn’t earn more than $37,400. Applications must be in the City Assessor's

The Kiss of 'Real Estate' Death

The house has been just sitting on the market.  No one has come to see it in weeks.  It's time to make a price adjustment and so I
begin that dreadful conversation with the sellers.



"Well, we are not in a big hurry to sell.  We are willing to wait for our price,"
they tell me.




 UGH!!!!  GROAN!   And a few other words that I don't dare
publish.




More than ever before, buyers are

Saving $20,000 on the Cost of a Home!

Whew! That feels good. Talk about the deal of a lifetime! We just cut more than $20,000 off the price of our home! Great negotiation skills? Nope! Foreclosure? Nada! Fire sale? No way.




We just refinanced. And no, it wasn’t a 10 point drop in interest rates, either. The secret to our savings is reducing the term of the mortgage. We went from a 15 year mortgage to a ten year mortgage. Our

Selling a Home With Pets

I showed a very nice, very expensive home earlier this week in which the dog had peed all over the welcome mat! My buyers love the house and had me write up an offer but then had me tear it up. What if they couldn’t get rid of the smell? Pets are unpredictable and I’m betting that this pooch was just stressed by all the sudden interest in the place he calls home. And then I was at a meeting with