5 Mistakes to Avoid When Buying a House – usnews.com

5 Mistakes to Avoid When Buying a House

These errors can cost you the chance to buy your dream home, and they can set you back financially.

By Geoff Williams

When you’re buying a home, a lot can go wrong. Your seller, the lender, the appraiser or your real estate agent could do something to inadvertently sabotage the purchase of your new home. And, yes, even you could make a mistake. Homebuyers make plenty of them.

And in today’s homebuying market, where demand is high and supply isn’t, you can’t afford to make any mistakes. This doesn’t even begin to scratch the surface of what could go wrong, but if you’re looking to buy a house, do what you can to avoid making these classic homebuying blunders.

Not having your financing ready when you make an offer. If you want a house, and you love it, you don’t have any time to waste, says Ryan Critch, chief executive officer of Ocean400 International Realty in Fort Lauderdale, Florida.

“In today’s environment if you love the house, don’t leave without putting in your offer, or the next family will,” he says. “Countless times over the last year families have experienced heartbreak by thinking about it. Get your offer in fast, and think about it during the negotiation. Don’t lose your dream home.”

Critch also says that when you make your offer, you shouldn’t suggest you pay less than what the homeowner is asking. “In today’s seller’s market, we’re often in multiple offer situations, and sellers have little patience for low offers,” he says.

Not looking at homes before you’re ready to make an offer. This is the period of homebuying where you’re window shopping and learning about buying a house. But many homebuyers skip this stage, says Kate Ziegler, a realtor in Boston.

She recommends going to open houses as soon as you know you’re in the mindset that you want to buy a house. Just know that even if you fall in love with a home, you won’t make an offer since you haven’t lined up the financing yet.

“The more properties you can visit in the early stages of a search, the more confident you’ll feel signing the offer when you do find – the one,” Ziegler says.
Skipping or skimping on the home inspection. Many real estate agents say this is happening more and more, especially in a climate where homebuyers are trying to close a deal before anyone else does.

But don’t do that, says Daniel Gyomory, a realtor with Century 21 Town & Country in Northville, Michigan.

“Some buyers want to save a few hundred dollars by not having an inspection done or by having their family member who isn’t a licensed inspector do the inspection. This is a very big mistake,” Gyomory says.

The reasons why it’s a mistake should be obvious – if there are roof leaks you don’t know about, foundation problems, mold issues or any number of reasons you might not want to buy a house, an inspector will probably find them. Otherwise, you’ll find them – someday.

Blindly listening to advice from friends and family members. So you think you’ve found a house, but this is your first one, and you think it’d be a good idea to bring in Mom and Dad to take a look at the home with you. That can be a bad move, says Joshua Jarvis, a real estate agent and owner of Jarvis Team Realty in Duluth, Georgia.

 “This one is common with first-timers,” says Jarvis. “They go see 10 homes after eliminating 50 on the internet, and they invite the parents or Uncle Joe to see the home.”

Because your parents and uncle care about you, any potential problem that they spot, they’ll share with you. And while that’s admirable that they’re looking out for you, they didn’t look at 50 homes on the internet or go to those other homes, Jarvis says.

“They’re basing their decisions on their current perspective of their living situation. If you’re going to rely on advice, then make the person go through as much of the process as you can,” Jarvis says.

And, sure, Jarvis is speaking from the perspective of an agent who has often been close to a sale, only to have a well-meaning relative sabotage it. But chances are, if you start talking to friends who are homebuyers, they’ll tell you stories of how a parent or in-law once talked you out of buying a home, and how ever since they’ve wistfully wondered if they made the right decision.

Buying too expensive of a home. Gyoromy says that this happens a lot.

“Some buyers get their preapproval letter and want to look at houses that are at the very top of their price range, without thinking it through,” he says.

Gyoromy says that you should be thinking about not just those monthly mortgage payments but the cost of owning a home.

That is, you need to be thinking about how much it’ll set you back when you buy a lawn mower or pay a service to cut your grass. You’ll want to keep in mind that when you buy a home, you’ll soon be making the owner of a local furniture store very happy. If you plan on having kids, someday you’ll be begging them to turn off the lights and asking, “Do you think I’m made of money?”

 In other words, to have a better future, think about those future costs.

The 25 Best Affordable Places to Live in the U.S. in 2017

Click here to read more…

New law prevents city landlords from refusing tenants based on income – WHEC

New law prevents city landlords from refusing tenants based on income

by: WHEC

June 22, 2017 11:39 PM

This week, the Rochester City Council passed a measure Tuesday night that makes it illegal to turn away tenants because of income.

The city council wants to level the playing field for people who pay for their rent with Section 8 vouchers and other government programs that help families in need pay their rent. City leaders say too often these people are turned away for that reason alone.

“If Section 8 says they’ll pay a certain amount and the apartment goes for that amount, why can’t I get it,” asks Rodney Fudge.

Fudge is a retired Army veteran. In 2013, he found himself homeless. But thanks to a transitional housing program he qualified for, called HUD/VASH, he landed an apartment.

He wants to move to a better place, however, he says many landlords have turned him down.

“I think it would be a good idea if they would just treat us with some dignity and honor,” said Fudge. “I want to be treated fairly. I don’t want any special privileges. I can pay my own way, but I want to be treated fairly.”

The Rochester City Council Tuesday night made it illegal for landlords to deny prospective tenants based on income. Landlords can deny them for other reasons like evictions, or poor credit however.

One landlord who did not want to be on camera told us tenants are turned away often because of the red tape connected to programs like Section 8 and DSS. Joel Kunkler heads the Housing Council’s landlord/tenant services.

Joel Kunkler, Housing Council: “There is paperwork and there is a process and the difference between me as a landlord renting to a fair market tenant to renting to a Section 8 tenant. There is an extra layer of paperwork involved and sometimes it’s confusing and sometimes it’s frustrating.”

Kunkler however says Section 8 is a great way for tenants to get better quality housing in safe neighborhoods. “It’s been really rough.”

Kim Fagan thought she was going to end up homeless after searching for a place for three months. She says this new law gives her hope. “It’s going to open up some doors because I had a lot of doors slammed in my face. I think it still has a long way to go.”

Buying a first home? NY wants to make it easier – Democrat & Chronicle

Buying a first home? NY wants to make it easier

by: Joseph Spector

ALBANY – Saving to purchase a first home in New York may get easier if Gov. Andrew Cuomo signs a bill into law passed by the state Legislature this week.

The “NY First Home” bill was approved by the Senate and Assembly and would allow prospective first-time homebuyers to save for their down payment and closing cost through a tax-free savings plan, similar to the state’s 529 College Savings Program.

The measure, which was backed by the state Association of Realtors, now goes to Gov. Andrew Cuomo’s desk for final approval.

“NY First Home will make homeownership more easily attainable by helping New Yorkers bridge the gap between where their savings are and where they need to be to receive the keys to their first home,” said Dawn Carpenter, the association’s president.

“This program will encourage our young people plant their roots here, which will help our state stem the tide of population loss.”

The bill would let a first-time homebuyer make a $5,000 a year tax-deductible deposit into a NY First Home savings account; the limit would $10,000.00 for couples.

Any interest accrued would remain untaxed — so long as any withdrawal is used to purchase a first home in New York state that is a primary residence for at least two years.

The fund would be overseen by the state’s Comptroller’s Office, which also handles the 529 college plan.

The bill’s approval comes as New York’s housing market continues to sizzle and as Cuomo is offering another program to encourage homeownership, especially in upstate — which has suffered from population losses, particularly among young people.

Closed home sales in New York hit a record 10,704 in May, up nearly 5 percent from last year. Also, the statewide median sale price was $239,000, up 7 percent compared with last May, the association said.

Last month, Gov. Andrew Cuomo started a $5 million program to help recent college graduates become first-time homeowners.

But the governor’s program requires the graduates to move to one of eight upstate cities: Jamestown in western New York; Geneva in the Finger Lakes; Elmira in the Southern Tier; Oswego in central New York; Oneonta in the Mohawk Valley; Plattsburgh in the North Country; Glens Falls in the Capital Region; and Middletown in the Hudson Valley.

Cuomo’s Graduate to Homeownership program provides low-interest mortgages, down-payment assistance and a homebuyer education course to income-eligible residents.

Click here to read more…

Graduating senior reflects on homelessness, Popsicles – Democrat & Chronicle

Graduating senior reflects on homelessness, Popsicles

by: Khamera Muhammad, with staff writer Justin Murphy

I was 8 years old, about to turn 9, when my father asked me: “Hey, baby girl, what do you want for your birthday?”

For most little girls, it would be an obvious question. They might ask for toys or games or a party, or even money. For me, though, to say that I was surprised would be an understatement.

For the past year, my family and I had been homeless – bouncing from hotel to hotel, counting on my dad to hustle $50 each day to pay the bill, or all six of us sleeping in our 2001 Chevy conversion van, parked outside the storage unit where we kept all our stuff.

Many nights we went hungry; many nights I stayed up questioning God. They say everything happens for a reason, but at that young age I just couldn’t see it. I constantly would think: Why would God put my family through this much hardship?

That’s why my dad’s question surprised me. I thought about it for a long time, then asked: “Can I have mangoes and Popsicles?”

It seems small, but I knew it wasn’t. With barely enough money to get through the week, we basically survived on TV dinners and fast food. My older sister and brother had to go through their final years of high school with run-down sneakers and clothes that weren’t the nicest. They had to sell candy and my mom’s famous bean pies in order to help us get through.

My dad took me that night to Walmart, where I picked out a package of Incredible Hulk Bomb Pops and two juicy mangoes. As we cashed out and drove back to the Days Inn where we were staying that night, I was grinning like a Cheshire cat. Not only because of my sweet gift, but because I’d witnessed my parents sacrifice to give their child one of the greatest gifts on this Earth – happiness.

We finally found a house many months later, but our situation remained harsh. For a long time we didn’t have heat or furniture, so we made do with a bundle of covers and ourselves, pressed tightly together. As time went on, we slowly got back on our feet and the skies finally cleared.

On Thursday, I will graduate from Rochester Early College International High School with a 3.2 GPA and 12 college credits. I’m the youngest of seven siblings, and we all have our high school diplomas.

I’ve been accepted into 14 colleges for the fall, but I’m still waiting to commit to see if one will offer me a full scholarship. I hope to study political science and become a lawyer; my dad said that since I’m always arguing, I may as well do something useful with it.

You wouldn’t know from looking at me the struggles I went through – my classmates and teachers can tell you I’ve always got a goofy smile on my face – but that doesn’t mean I’ve forgotten them.

As I reflect back, I realize those were my happiest times. The moments where we had to wear extra layers of clothing and huddle together in our van with a bunch of blankets to keep warm through the night. The moments when we had to hurry to get the hotel continental breakfast before it closed so we could at least have one decent meal that day. The moments where no one knew our struggles because our smiles told them otherwise.

 It’s just like one of my favorite music artists, Lyfe Jennings, said: “It’s the bad times that make the good times feel so good.”

Not only that, but I learned not to judge a book by its cover. Kids can have nice shoes or a confident attitude or anything, but you never know what their life is like when they get home.

Most important, though, I learned at a very young age that home isn’t a physical building where you lay your head down at night and eat home-cooked meals. No – home is where you feel safe and loved, with two mangoes and a box of Popsicles, and the opportunity to wake up every day, go out and strive for something better.

This story is adopted from Khamera Muhammad’s college admissions essay.

The Hourly Income You Need To Afford Rent Around The U.S. – huffingtonpost.com

The Hourly Income You Need To Afford Rent Around The U.S.

The average full-time minimum wage worker can’t afford rent in ANY state.

New York budget to target homelessness, affordable housing – housingwire.com

New York budget to target homelessness, affordable housing

by: Kelsey Ramirez

New York Governor Andrew Cuomo and the state legislators failed to meet their April 1 deadline for the state’s budget, but announced their final agreement Friday, which includes $2.5 billion in funds to combat homelessness and affordable housing.

The final budget came in at $153 billion and even has a plan for tuition-free education at state colleges, according to an article by Jesse McKinley and Lisa Foderaro for The New York Times.

San Francisco implemented a similar tuition-free option earlier this year, which could help Millennials with student debt, which may often hinder homeownership. However, click here to read about how a free-tuition option could also restrict affordability.

New York’s budget also dedicated a substantial amount of funds to fight homelessness and increase affordable housing within the state, according to an article by Tanay Warerkar for Curbed.

The funds will help with the state’s plan to create 100,000 new affordable housing units and 6,000 supportive housing units.

From the article:

The budget deal, which still needs to be officially approved by the State Assembly and Senate, has already garnered praise from several housing groups. A coalition of 11 housing groups statewide including the New York State Association for Affordable Housing issued the following statement:

“Today, the Governor, Senate, and Assembly showed true leadership in passing a state budget that made low-income New Yorkers a priority and finally allocated $2.5 billion in housing funds. The commitment made today will profoundly impact the lives of thousands of New Yorkers, including 88,000 people currently homeless throughout the state and nearly one million households paying more than half their income in rent each month.”

Click here to read more…

A new kitchen for less than $7,000 and other ways to remodel your home on the cheap

A new kitchen for less than $7,000 and other ways to remodel your home on the cheap

by: Mary Chao

It’s a seller’s market.

Inventory is tight and multiple offers abound for homes in good condition. Yet despite low inventory and competitive situations, buyers are still opting for homes in tip-top shape so they don’t have to fix them up.

If you’re a buyer, there’s a better way. You can buy a cosmetically challenged home and make it your own, even if you’re not handy and don’t want to spend a lot of cash.

My husband and I own three properties. We have always purchased homes that are not pretty but are structurally sound at the near bottom of the market. Both of us work full time and neither of us is handy, which means we outsource the labor.

Our tenants for our single-family brick ranch home in Brighton recently left after eight and a half years, having rented the home since we purchased it after the market crash of 2008. That gave us an opportunity to fix up the home and get it ready for new tenants.

We decided it was time for the 1950s kitchen to go. We were able to put in a new galley kitchen for only $7,000, including new cabinetry, appliances and labor.

Other upgrades included new hardwood-like laminate flooring throughout the home, new fixtures, bathtub painting and fresh paint. The total cost of the entire 1,054-square-foot remodel that breathed new life into the home was less than $13,000.

Here are some of my tips on how you can buy your dream home in your dream neighborhood and fix it up to your liking on a budget.

Click here to read the full story…

City and Irondequoit get grants to combat zombie properties – rbj.net

City and Irondequoit get grants to combat zombie properties

by: Velvet Spicer

The City of Rochester and the Town of Irondequoit are two of 18 cities and towns statewide that will receive grants to address and transform zombie properties.

State Attorney General Eric Schneiderman on Monday announced the winners of the first phase of the Cities for Responsible Investment and Strategic Enforcement grant awards. The investment will total more than $10 million over the next two years.

The program aims to innovatively address and transform blighted, vacant or poorly maintained problem properties through the use of housing and community data from various state agencies. Cities RISE was launched in April as a strategy for helping New York families and communities rebuild from the housing crisis.

The funds will come from settlements made with large financial institutions that contributed to the collapse of the housing market, officials said.

“Too many New Yorkers are still struggling in the aftermath of the foreclosure crisis. That’s why my office is investing the dollars we secured from the banks, to provide the tools necessary to rebuild and strengthen our neighborhoods,” Schneiderman said in a statement. “Cities RISE presents a 21st century approach to overcoming this crisis and revitalizing New York’s communities.”

The 18 communities were chosen by national community development nonprofits Enterprise Community Partners and the Local Initiatives Support Corp. Each community will receive a two-year subscription to a data platform designed to integrate and analyze data such as code enforcement records, tax liens and fire and police data.

In addition, grantees will receive capacity building support from Spruce Technology and the program will be guided by a senior advisory team of issue area experts who specialize in community revitalization and engagement.

“The Building Blocks software will be a valuable tool in our ongoing efforts to make government more transparent,” Rochester Mayor Lovely Warren said. “Using this software, individuals will be able to get detailed information about properties, particularly vacant properties, in the city. I am thankful to the attorney general for his advocacy on behalf of our citizens, which helps us in our efforts to create more jobs, safer and more vibrant neighborhoods and better educational opportunities.”

Click here to read more…

‘JUSTICE SYSTEM’ The Laws Cities Use To Make Homelessness a Crime. A new law gives police new power and wide discretion to arrest the most vulnerable.

‘JUSTICE SYSTEM’ The Laws Cities Use To Make Homelessness a Crime A new law gives police new power and wide discretion to arrest the most vulnerable.

By: Liz Wolfe

There’s nothing shocking, really, about Houston’s new law making it easier for homeless people to be arrested simply for being homeless.

Not when over 100 American cities have effectively criminalized everyday life for the homeless, making crimes of things from sleeping outside to brushing teeth in public. Even as cities become more socially conscious about LGBTQ rights and drug policies, they’ve become less tolerant of their neediest inhabitants and more comfortable with cops and the justice system sweeping up the human trash, as it were.

City-wide bans on public camping (PDF) have increased by 69 percent throughout the United States. What used to be seen as an annoyance is now prohibited, forcing fines or jail time on those who certainly can’t afford it. The only nationwide nonprofit devoted to studying this, the National Law Center on Homelessness and Poverty, has been tracking these changes since 2006. Their findings? There are a scary number of laws passed that ironically make it costly to be

For example, in 33 of the 100 U.S. cities they studied, it’s illegal to publicly camp. In 18, it’s illegal to sleep in public. Panhandling is illegal in 27 cities.

In 39 cities, it’s illegal to live in vehicles. For extreme sports junkies (like Yosemite climbers who try to live in their cars), this is an inconvenience. For the homeless, it leaves no alternatives, especially if shelters are too far, too full, or too violent (a common problem). For some people, the choice might be between living in a car or sleeping outside—but what if both are criminalized?

This situation is playing out before our averted eyes in Dallas. The police issued over 11,000 citations for sleeping in public from January 2012 to November 2015. That’s about 323 citations per month, or around ten per day. These citations generally come with fines, and failure to pay (which is to be expected, given that these people are homeless) comes with worse legal trouble, often snowballing into jail time.

 Houston Mayor Sylvester Turner is taking a similar approach—his anti-encampment ordinance makes it illegal to use “fabric, metal, cardboard, or other materials as a tent or temporary structure for human habitation.” This ensures that the Houstonian homeless are vulnerable not just to the elements, but also to the constant threat of the police. Officials cite one of the most common justifications for crackdowns on the homeless: neighborhood safety (a more socially acceptable way of talking about the not-in-my-backyard mentality).

City officials in Houston claim tent cities make it easy to hide illicit activity. If by “illicit activity,” they mean drug use, then sure. But as we’ve learned through the embarrassing failures of the drug war, drug use isn’t always as bad as we think and it certainly isn’t improved by greater criminalization efforts. Tent cities are often formed to provide some degree of protection from the elements—not just a haven for drug use.

Mayor Turner says he’s pairing the ban on tents with a bid to increase the number of shelter beds, and that a new police policy will prioritize issuing warnings and attempting to take violators to receive medical treatment, if needed.

All of this would be good if true, but what the new law really does is give police new power and wide discretion to arrest the vulnerable. As with many marginalized groups—including drug users, sex workers and undocumented immigrants—this means the homeless will increasingly fear the police instead of being able to rely on them for help.

Worst of all, is there anything logical about saddling homeless people with jail time?

Click here to read more…

Lake Ontario Flood Recovery

The application period closed Friday, September 29, 2017 at 5:00 PM.
Your supporting documentation, estimates and additional information will continue to be accepted if your application was in by the deadline.

Procedural update.
The legislation providing the Flood Relief funding required that we prioritize situation that pose imminent health and safety risks to the occupants. This includes damage to structure, walls and septic systems. This application will be served before stand-alone shoreline applicants.
Stand-alone shoreline damage application will be reviewed and applicants will be contacted if additional information is needed at such time as we are able to serve them. Once you have applied no further action is needed until you are contacted by our staff.

The best way to communicate is via e-mail to floodrelief@pathstone.org. We can respond to at least 10 emails in the time that is spent on one phone call.

Please help us help you more efficiently.

Helping Homeowners and Municipalities Recover from Flood Damage along the Lake Ontario Coastline – Updated

To expedite repairs and the construction of shoreline stabilization projects, Governor Cuomo declared a disaster emergency on May 2, 2017 in counties impacted by spring flooding along the Lake Ontario Coastline: Cayuga, Jefferson, Monroe, Niagara, Orleans, Oswego, St. Lawrence, and Wayne.

To aid in relief and recovery efforts, New York State is providing $22 million in assistance for homeowners, businesses and municipalities. From restoring roads, floodwalls and public water infrastructure to assisting small businesses with physical damage to providing New Yorkers with the help they need to repair their homes, these targeted programs are delivering relief to New York families across the entire Lake Ontario region.

$7 Million Available for Homeowners Impacted by Flooding

New York State Homes and Community Renewal will make available up to $7 million in state funding for homeowners along Lake Ontario and the St. Lawrence River in the aftermath of the extreme weather and severe flooding in the region. The new investment program will provide up to $40,000 for homeowners to support interior and exterior repairs to structural damage caused by flooding, as well as the repair or replacement of permanent fixtures.

For more information about eligibility and program parameters, read the Lake Ontario Home Owner Recovery Assistance Program Fact Sheet.


For Homeowners:

Download the application HERE.

The program will be administered through not-for profit housing organizations seeking to help homeowners affected by the flooding. Homeowners seeking assistance are encouraged to contact the not-for-profit organizations that have already expressed interest in serving as program participants to determine eligibility and ask questions about the program. Those organizations are listed below, along with their contact information and the areas they intend to serve:

Cayuga, Monroe and Wayne Counties

Sheen Housing

Orleans County


Jefferson, Oswego and St. Lawrence Counties

Neighbors Of Watertown, Inc.

Niagara County

Niagara Falls Neighborhood Housing Services, Inc.

Homeowners may also contact the HCR Office of Community Renewal to express interest by contacting LakeOntario@nyshcr.org or calling 518-474-2057.

** We do not have any information at this time on the pending additional $90 MM for flood victims. We will share information as it becomes available, thank you for your patience. **

It’s Not Too Late to Apply for the Lake Ontario Residential Recovery Program
Deadline Friday September 29th 5pm