Posts Tagged ‘property’


Are you looking for a home in the Massapequa, Amityville, Amity Harbor Area, Copiague? Not only am I an expert in these areas but I am happy to set up a good old fashioned “Retriever” Search for you! I will set you up in my system so you get notified of anything new to the market or any price changes to help you find your dream home! Don’t waste your time searching Zillow and Trulia when you can get hourly updates of the areas you are looking in!

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Just When You Thought You Had a Break!

There was a law passed called the Mortgage Relief Debt Act that allowed people to not pay income taxes on mortgage debt that was forgiven by their bank.  For example, if a seller had a short sale on their home.  Let’s just say for example that they owed $330K to the bank but wound up selling for $300K.  All of the banks approved the sale and it went through.  The seller, according to the Mortgage Relief Act did not have to pay income tax on that 30K difference or the amount that was “forgiven” by the banks.  This act expires December, 31, 2013.

What this means is that any person who is currently involved in a short sale, foreclosure or loan modification program will have to pay income taxes on the amount that was forgiven.  Although Congress is in the works of trying to extend this law it may or may not be passed by years end.  Try to get all of your dealings wrapped up by the deadline so you can take advantage of the relief provided.


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Real Estate Market Update
Date: 6/10/2013

The closed median home price in May 2013 for Long Island, which includes Nassau, Suffolk, and Queens’s housing data, was $350,000. The closed median home price is equal to what was reported one year ago, and is unchanged from last month as well. Nassau County reported a $423,500 closed median home price in May compared to $405,000 last May. Suffolk County reported a closed median price of $315,000 representing a 4.1% increase over last year and Queens reported a closed median home price of $361,000, which is 3.1% higher than $350,000 reported in May 2012.

Available inventory has ticked up slightly from the month prior, despite strong contracted activity, however available residential inventory continues to lag compared to the year prior.

“Booming pending sales activity across Long Island and Queens is the market story this month. In May, we saw a 24% increase over last year’s transactions, continuing to support the fact that our market is well under recovery. Whether you are a first time buyer, or trade up buyer, the favorable housing affordability conditions that take into account pricing, inventory, and financing, have aligned to create near perfect home buying conditions.” said Joseph E. Mottola, CEO MLSLI.

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Power Washed DeckIt is amazing what the simple act of cleaning up outdoors can add to your selling value.  Buyers make snap judgements all the time.  They  look at how a home is maintained inside as well as outside.  Keep your outside well maintained this Spring to make sure all the potential buyers that do a “drive by” first see your home at it’s best.  Keep in mind that a drive by in our neck of the woods may also be by boat, not just by car in the front of your house…make sure your decks are well maintained.  There are fantastic stains available at your local hardware stores.  Keep it simple and neutral when picking your color choice.  Grab a power washer and clean off the walkways, your siding, and anything else that has the grime from the past seasons laying on it!  After it is cleaned up, treat your wooden decks with a one coat sealant available in so many different options.  Buyers will believe that your home is just as immaculately maintained inside as well as outside and we can’t sell your house unless we get the potential buyer to step inside….

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2013 Spring Market is Here!

The market today is different than it was 6 months ago. We have regular economic factors as well as the aftermath of Superstorm Sandy to thank for all the changes both positive and negative. Call a proffessional when making the decision to buy or sell.

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The New York State Department of Financial Services Mobile Command Unit will be stationed in the parking lot at the corner of Bennett Place and Merrick Rd. in Amityville on Tuesday, February 5, 2013, from 9AM to 5PM.

The Mobile Command Center (MCC) visits communities that have been disproportionately impacted by Storm Sandy.

Department representatives will help citizens contact their insurers if they have been unable to do so and answer questions about homeowners’, renters’ and business owners’ insurance coverage.

Citizens unable to go to the Mobile Command Center are encouraged to call the Department’s storm hotline (800) 339-1759 which is staffed from 8 a.m. to 8 p.m., daily including weekends. Insurance information is also available on the Department’s website, http://www.dfs.ny.gov.

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Dear Neighbor:

            I wanted to inform you about a program I am sponsoring with the New York State Department of Financial Services to provide assistance to residents affected by Hurricane Sandy.

            The Department of Financial Services’ Mobile Assistance Unit will be at the Riviera in Massapequa (200 East Shore Drive, Massapequa) between 10 am and 6 pm this Friday, January 25th.  Department of Financial Services representatives will be available to meet one-on-one with residents and answer storm-related questions about homeowners’, renters’, and business owners’ insurance coverage. No appointments are required.

            If you are unable to attend this program on January 25th but would like to get assistance with storm-related insurance issues from a Department of Financial Services representative, you can call the Department’s insurance disaster center at 1-800-339-1759 . The center is operated from 8 am to 8 pm, seven days a week.

            If you have any questions or need additional assistance, please feel free to contact me.         


                                                            SENATOR CHARLES J. FUSCHILLO, JR.

Senator Charles J. Fuschillo Jr. fuschill@nysenate.gov | fuschillo.nysenate.gov District: 5550 Merrick Road, Suite 205, Massapequa, NY 11758-6238 (516) 882-0630

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