All Forum Posts by: Joseph Pugliese

I am a licensed associate broker in New York City, and in New York the attorneys for the seller and the buyer handles the contract negotiations. As a buyer any earnest money that you apply towards the purchase of the property should be held in escrow by the sellers attorney. This is the most common way it is conducted here in New York City

The median priced home is $220,000. Assuming 10% down and thus a $198,000 mortgage, at the current 30-year mortgage rate of 3.7%, that works out to a payment of $917/month. Add $180/month for property taxes and the total is $1,097/month - an annual total just $564 higher than the 2015 standard marital deduction of $12,600! Meaning the mortgage interest deduction is virtually worthless to a family buying a median priced home.

• November home sells fell by 1.4 percent year-over-year.
• Month-over-month, November sales fell by 22.6 percent.
• The median sales price was up year-over-year by 4.1 percent.

Is it time to invest in the Jersey Shore?

The Jersey Shore market has shown positive signs of growth through 2015.

As of now, Jersey Shore prices are 29 percent below the previous peak, which makes now a great time to buy.

Hurricane Sandy created an opportunity to update, and new construction reflects the lessons learned from that disaster.

The real estate market on the Jersey Shore is continuing to show positive signs through 2015. Sales of houses over $1 million reached record highs during the year, rising above figures at the peak of the housing boom, according to market analyst HousingPredictor

Earlier this year, the Federal Housing Administration (FHA) announced a significant reduction in its mortgage insurance premiums (MIP) for new borrowers. Many hoped that this reduction would spur more home sales, particularly for first-time homebuyers.

I agree, most of the storylines you hear are about investors purchasing had much lower prices than we could ever find NY City and that's coming from myself as a full-time realtor It is incredibly difficult to get the rates of return on property in New York City as you may hear about on some podcasts. With that being said I do believe there are still opportunities available. I still believe that New York City gives you the best long-term gains in real estate with appreciation being the leading factor .

Hi I am realtor on Staten Island as well and to be honest to get 8 cap rate is very difficult in this area , but I sure it's out just have willing to invest in some of the areas with future upside in my opinion

Hi I know the post is dated but if your still interested I can assist you with properties on Staten Island. I do ask your pre approved before we start the process. Thank you Joseph Pugliese

Hi I licensed realtor in NY and I don't think it's legal in NY to ask for more money to go directly to the agent. If it is on the mls there is set commission. I had agents ask for kickback from me as a realtor to get deal for my client and I informed him let's take to the board see what they say, it was dropped. I know in my mls it's not legal.

Hi I work as realtor in Staten Island and I might have some clients interested in working with you. How do you need to refinance in total? Are looking to move any of the properties as I clients that would be greatly interested Please advise Thank you Joseph pugliese J