Eric Strong
Common Mistakes
The Real Estate Advisor by Eric Strong
Buying Property? Avoid these common mistakes!
If you are looking to buy property, you should do so with a purpose in mind. Decide whether you are looking for investment property or a place to house your business or family. Start by assessing your needs, then look into how much mortgage you can really afford. Study each lenders closing costs and make sure you are comfortable with the closing costs, the monthly mortgage payment, and that you still have enough money saved to be able to maintain your current lifestyle.
Local Housing Update
Written by Eric Strong
Springtime Real Estate Market is Hot!
This year's housing market is off to a quick start despite the national recession. Home prices in Broome County have been stable due to low housing inventory and a relatively stable employment market. Since the beginning of 2009, single family inventory has fluctuated between 1025 homes and 1175 homes in Greater Binghamton's Multiple Listing Service.
According to past records, housing inventory usually increases in the spring and this year is no exception. Typically, most home sellers prefer to place their homes on the market when climate conditions are favorable and the flowers and tree buds begin to blossom.