Niagara Falls Real Estate & Homes : February 2008

Niagara Falls is experiencing a rebirth.  Come join all the excitement that is happening in Niagara Falls Real Estate.  Call Colleen Kulikowski today at (716) 743-5297.  Visit our website at www.buffaloniagararealestatehomesales.com.

 

Real Estate News that might be of interest to you.........

Hard Money - Good or Evil? There seems to be no middle ground for people regarding Hard Money Lending. Many seem to either embrace it or avoid it like the plague. So why is there no middle ground?

Real Estate Explained | What is Absorption Rate How is the difference between a "sellers market" and "buyers market" known? It can be confusing at times, but it is really simple. There is a way that we can see what is happening in the market and determine if we are in a buyers or sellers market. How we determine the difference is by Absorption Rate. This simple concept is often misunderstood regarding this fundamental measure of market conditions. 

Cheektowaga Catholic school may get new life Savarino Construction Co. and Southeast Works have announced plans for a $6.5 million project to convert the former Our Lady of Czestochowa School on Clinton Street in Cheektowaga into apartments for people with developmental disabilities.

Home Staging Doesn't Have To Be Complicated East Aurora, WNY Home Staging, Julie Dana, WIBV TV, buffalo home staging, niagara falls home staging

Replacement Windows in your WNY homes future? Are you thinking about Replacement Windows in your WNY home? Here are some quick facts for any consumer thinking about purchasing and installing replacement windows. At first glance they seem to be simple pieces of glass placed in the wall, but closer attention will bring to light important details.

Peace Bridge Construction - Eminent Domain a possibility for 83 Buffalo homes Unfortuantely, many people are having to make painful decisions and look at what is best for the community. The Peace Bridge is just another example of Western New York Adapting to the situation for future survival. Much like Western New York Catholics have had to make some very difficult and heart wrenching decisions, so must our government officials. What will come from this is a stronger community that will prosper long after the construction dust settles. 

Another movie set in Buffalo is being filmed in Montreal this one staring John Cusack It is sad to see that yet another movie has passed on filming here. The county and city officials need to look at the situation and make it more appealing to film here. "This is about keeping jobs and businesses here and not watching them move somewhere else," Kaufman said. Although the producers were impressed with the Buffalo area, costs once again eliminated Buffalo as a film site. 

Western New York sees an increase in UK investors We at DeFranco Real Estate have an experienced team of experts that we can recommend to the UK investor. If you are interested in investing in Real Estate in the Western New York area, we would love an opportunity to discuss with you potential investment opportunities in both Niagara Falls and Buffalo NY. Call our office today at (716) 990-7384. 


Hard Money - Good or Evil?

 

There seems to be no middle ground for people regarding Hard Money�Lending.   Many seem to either embrace it or avoid it like the plague. 

 

So why is there no middle ground?

It is basic, and it lies in the understanding of the use of Hard Money, which is rather straight forward.  An investor loans money to an individual, where time is of the essence.  It fills a niche market where the desire for flips, rehabs and “lending at the touch of a button” are real necessities.   Basically Hard Money is a key to a business doing something quickly instead of waiting on traditional lenders.

 

Why is Hard Money Necessary?

Lenders tend to interchange the strict underwriting requirements and slow process of banks with higher rates and a much faster closing.   Many people are so against hard money is because they are seeking it as  a last resort and fail to contemplate its real purpose.

So when exactly should a borrower seek a hard money lender? … When time is the underlying factor. A simple rule is “long term: bank loan, short term: hard money” And a good point to keep in mind is if your bank isn’t lending you money, chances are very good, that a hard money lender isn’t going to either.

 

For all your Hard money needs, please call DeFranco Real Estate Corp. at (716) 990-7384 to find out how we can assist you with your short term commerical needs.

 


 


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Wow! Notable Niagara Falls Website! In under 30 Days of existence!

Success one step at a timeYes you read that correctly!   Under 30 days my Blog is a notable site for Niagara Falls!  I bet you are wondering how that happened...

I am part of the group called Niagara Rises.  I am hopefully part of the positive changes here in Niagara Falls.  One of their missions is to bring new businesses to the Niagara Falls area.  Something that I believe passionately about (oh and I happen to chair their subcommittee on that topic).

Yesterday afternoon I was greeted by a Google Alert for my name and it was from an article by Frank Thomas Croisdale - WEB EXCLUSIVE! NOTABLE WEB SITES NOTED in the Niagara Reporter electronic edition.   In it he referenced my efforts to get businesses to rethink the Niagara Frontier:  

...Speaking of the future of Niagara Falls, Colleen Kulikowski is not unlike many young people who have moved back home after spending years elsewhere pursuing educational and financial goals. The realtor has created a blog that aims to lure expatriates back home to open businesses on the Niagara Frontier. You can read about what she believes are the top eight reasons to open a business in Niagara by clicking here.

Not bad for a site that went live 24 days ago!  That I am still feeling my way through -- there are many things to be done.  Oh yea, did I mention that I am screaming up the search engines?  Or the fact that I average between 400-600 hits a day?   That we are getting calls on what I am posting on it, with less than perfect lead generation

It means that I cannot rest on my success, there is so much to be done.     But I have to say it is really cool to get recognized like this...  I have not done it in a vacuum, I have had many wonderful teachers along the way...  Those of you that will see Laurie Manny at Unchained (Click here for more information) pay very close attention...  You are in for something wonderful!

I have a glimpse of the future, and WOW!   All of my hard work and writing is starting to finally pay off!

 

 

Withdrawn Listing || 705 91st Street | Niagara Falls NY

LaSalle Neighborhood Home
Main Photo
Location: LaSalle
Situated in the beautiful LaSalle neighborhood of Niagara Falls, this three bedroom home with City Park on the corner features:

Private fenced back yard with parklike setting with fruit trees

Some newer windows

New Hot water tank

Central Air

3 bedrooms, 1 bath

Glass block basement windows, in full basement

Formal Dining
Information
Contact Information
Carl F. DeFranco
(716) 990-7384
Pricing
Asking Price: $53,500.00
Property Location
705 91st Street
Niagara Falls, NY 14304

Features
Bedrooms: 3
Bathrooms: 1
Year Built: 1935
Lot Size: 40x132
School District: Niagara Falls
Square Footage: 1,248
Agent Name: Carl F. DeFranco
Broker: Carl F. DeFranco Real Estate & Mortgage
Attributes
Appliances
Central Air
Interior Amenities
Basement
Exterior Amenities
Fenced Yard
Fruit Trees
Powered by vFlyer.com EQUAL HOUSING OPPORTUNITYVFLYER ID: 1411406

Amherst Market Report

 

Amherst NY Condo/Townhome Market Report - February 25, 2008


Recently we reported the Single Family Home Market Report.  A question came in regarding the Condo/Townhome Market Conditions, so I am happy to report the activity is as following in the Amherst Area:

  • There are currently 46 units available for sale in Amherst NY, ranging from $57,900 to $289,000 with an average list price of $133,340.
  • There are no units currently pending.
  • In the last 30 days there has been 7 sold, they had an average of $138,429 and average sold price of $137,000 and spent an average of 59 days on the Market.
  • At this rate it would take almost 7 months to absorb the current inventory.
Amherst NY Single Family Market Report - February 2008

Amherst NY is a wonderful community in Erie County.   There are many businesses located in Amherst, which makes Amherst a popular location to live in.  Currently the Single Family Market Report for February 22, 2008 is as follows:

  • There are currently 89 Active Single Family homes in Amherst NY.   They range in list price from $104,900 to $575,000.
  • Amherst Single Family homes there is currently 7 pending listings, ranging from $154,900 to $1,299,000 and an average $349,757.
  • In the past 30 days there has been 11 closed sales in Amherst NY with an average list price $230,634 and an average sold price of $223,187.  These homes spent an average of 96 days on the market.   If the single family home market stays the same in Amherst, there is currently an 8 month supply of homes in Amherst.
  • In 2007 there were 212 homes that sold
    • Average List price was $208,402, while average sold price was $202,264
    • Average days on the market were 59
    • Lowest sold price was $55,000 which was on the market 0 days
    • Highest sold price was $1,250,000 which spent 261 days on the market.
 

Interested in finding out the current market value of your Amherst single-family home, condo or townhome? Then call Colleen Kulikowski at (716) 990-7384 to discuss what is happening in today’s Western New York Real Estate Market.  View additional WNY Market Area Statistics here.

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.

 

 

 

 


Colleen Kulikowski Real Estate Professional DeFrancoRealEstate.com 481 19th Street
Niagara Falls, NY, 14303
US

Work: 716-990-7384 Mobile: 407-288-0017  paradisereport@gmail.com http://www.buffaloniagararealestatehomesales.com/wnyrealtor

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Colleen Kulikowski is your Western New York Real Estate Expert focusing on Buffalo and Niagara Falls neighborhoods of Western New York.  If you are on Twitter, please follow me... If you enjoyed this post by your Buffalo & Niagara Falls Home Sales Expert, make sure you subscribe to our RSS feed!