Downtown Buffalo New York

Entries from November 2008

What to do with those concrete floors?

November 30, 2008 · Leave a Comment

Stained Concrete floors

Does your Western New York concrete floors look awful and you can’t justify the cost of tile or marble but you desire the look?  And you don’t want to carpet your Western New York home’s floor.   So what can you do to have a great floor?  And not break the bank.

Acid Stained Concrete Floors.

Yes you read that correctly! Could this really threaten the dominance of travertine as the floor covering of choice? According to the Concrete Network, this is a grown and exciting trend!

“Because of concrete’s porous qualities and neutral tone, it is the perfect blank canvas for topically applied color. Using acid-based chemical stains, decorative concrete contractors have been able to achieve rich, earth-toned color schemes resembling natural stone, marble, wood, or even leather, giving a completely custom look to cement floors, concrete driveways, patios, walkways, pool decks, concrete walls and more.”

The flexibility of concrete floors has increased its popularity with homeowners in Western New York.  Concrete floors in stained, colored, painted, and personalized glory are popping up in retail stores, trendy restaurants, offices, and homes everywhere. Offering a variety of options for interior rooms including nearly limitless designs, colors, and even health benefits.

To find out more about this type of flooring and other flooring options in Western New York, you may want to check out these companies:

Busch Floor Company (716) 875-2602
2727 Elmwood Avenue | Buffalo, NY 14217

Grossmans Bargin Outlet (716) 685-2420
2620 Walder Avenue | Cheektowaga, NY 14225

Heritage Contract Flooring  (716) 853-1555
29 Depot St | Buffalo, NY

Madison Floor Covering (716) 837-1351
2744 Sheridan Drive | Tonawanda, NY 14150

M P Caroll Hardwood (716) 683-8520
4822 Genesee Street | Buffalo, NY 14225

Categories: Home Trends

Is it a good time to purchase a Buffalo home?

November 29, 2008 · Leave a Comment

In Western New York, the housing and mortgage markets are doing fine and will continue to be ok.  We just have to turn off the national news.  With the bail out finally being settled and the threat of a credit crunch, and I do mean threat, being behind us. 


Read Also:  The Repercussions of New Legislation


We need to focus on the future.


In terms of the mortgage options, there are still a variety of historically sound mortgage options from Conventional to FHA and the New York SONYMA.  While credit and income requirements have been tightened, they have not become restrictive but rather more realistic.  The market has corrected itself from the overly aggressive products that allowed buyers to purchase a home in which they really could not afford.   All of this was due to the political pressure on HUD to direct the lenders to provide more options to low to moderate-income households. These policies forced lenders beyond their normal comfort ranges as it pertained to income and credit guidelines.

Read Also:  What the Fannie Mae and Freddie Mac take over means to Western New Yorkers

 


Thus at this time we are back on a course with sound underwriting decisions and still being able to provide many options to western New York buyers.  Unlike the rest of the country, whose markets are locked in fear as they continue to follow the national news, we have a stable housing market with appreciating values.


Read Also:  Easy steps to save for the down payment for your new home!


This is still an excellent time to purchase a home in Western New York!  The local banks are sound and the mortgage options are solid.  We are nearing an end to the negative effects of the housing/mortgage issues working there way thru our national economy.  As we move forward, we as consumers need to make the right choice for each of our families.  With this comes financial responsibility to insure we do not over reach as we continue to invest in our future.


Read Also:  Rising Mortgage Rates Will Help WNY Real Estate

Categories: Buffalo NY · Real Estate Finance
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Happy Thanksgiving

November 27, 2008 · Leave a Comment

Categories: Uncategorized

Ways to save for your downpayment on your Downtown Buffalo Home

November 14, 2008 · Leave a Comment

Do you think you will never be able to put a downpayment on a home?

Overwhelmed at the prospect of saving money for a down payment for a Western New York home? Here is a great way to start saving for your WNY home – your coffee drinking habit could be eating away at money that you could be saving for that down payment. Do you go out and get yourself Starbuck, Tim Hortons, or Dunkin Donuts coffee everyday in the WNY area instead of drinking the coffee in the office or from home?

WOW! A way to save every day!

Do you realize that if you are purchasing two or three cups of coffee a day that you could be saving a considerable amount of money if you make it yourself and just drink the office coffee instead of purchasing it at a local WNY coffee shop. See for yourself the savings based on your consumption at this helpful calculator Coffee Savings Calculator.

Recently Updated Posts

Categories: Allentown · Buffalo NY · Real Estate Finance
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November 2008 Real Estate News

November 12, 2008 · Leave a Comment

Buffalo Real Estate News by Colleen Kulikowski

Market
Conditions Vary. Good Advice Doesn’t.

Reading online you become friendly with Real
Estate Professionals all over the country.   Yesterday, I read a post
on Positive Real Estate Professionals entitled “Fear Factor – What’s your
Role?” and in it he had this great commercial that I am
sharing.   It is for an investment firm, but the …


Downtown Buffalo
| 1031 Tax Exchange Basics

Federal and State Capital Gain Taxes can be
costly!

Could a 1031 Tax Exchange be in your
benefit?

[/caption] A 1031 exchange can defer the capital gain taxes that
are due when you sell property that has increased in value or been depreciated
for tax purposes. Section 1031 of the …


How
to have a successful WNY Real Estate Flip
 

It’s one of the hottest trends in real estate
market today – buy a house, quickly fix it up then turn around and sell it for
a huge profit. There is great potential to make incredible profits here in
Western New York. Every day we speak with potential property flippers …

 

Real
Estate Explained | What is Rent to Own?

WNY Creative Homeownership Options There are
many reasons why people cannot purchase a Buffalo home right now.  Some
people may be able to afford the monthly payments, but not be able to afford
the initial costs of purchase including down payment and closing costs.  
Should you give up your dream of home …

 

Some other posts you may have missed

 

 

 

Categories: Buffalo Real Estate