Niagara Homecoming Schedule of Events!

SONYMA Mortgages Explained

What is a SONYMA Mortgage?

First time home buyers have many options.

Mortgage Option for First Time Homebuyers

If you are a first time home buyer currently living in a 2 family home, wouldn’t you love to own it and have your tenants pay part or most of your mortgage?  As a first time homeowner, you may be qualified for New York State’s SONYMA mortgage.

Here is how it works.  All you need is a down payment of 3%, of which only 1/3 of it has to be your own money.  The remaining 2/3 can come from a gift from family.  On top of it, SONYMA will also give you a grant of $5000 or 5% of the loan amount, which ever is greater, to use for closing costs.  It gets better, your interest rate, depending on income can range from 5.75 to 6.25%.

Read Also: Documents to gather before meeting with your Niagara Falls Mortgage Professional.

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How not to sell your home!

Ways to Sabotage Your Home Sale

I understand that you really don’t want to sell your Western New York home.  You have wonderful memories and you love your absolutely perfect WNY home.

To ensure that you don’t get solid offers from qualified buyers and more importantly no showings then you need to do the following:

• Get your Real Estate advice from your cousin, neighbor, coworkers at the office who saw a program on TV or read something in the media.
• Don’t use the many resources available via the Internet to post your listing to potential buyers.
• Cut the commission we offer Buyer’s Agents
• Ignore what is going on in the Western New York market and list the house for more than what your agent suggests

Buffalo Area Foreclosure List

WNY Foreclosure Properties June 2009 List

Every WNY foreclosure is a tragedy and an opportunity. A Western New York property enters foreclosure when the original mortgage holder can no longer pay or settle a debt to the lending institution. The property then enters foreclosure, with the lender taking full possession of the WNY property. In most cases, the lender then puts the real estate up for public auction at a reduced price.

When you buy a foreclosed home, you’re cashing in on a home or investment someone was no longer able to pay for. Foreclosures are difficult–both to locate and to execute the transactions–but the potential to turn them over for a tidy profit may be there.

Foreclosed Properties – Commercial
MLS #	Price	Address	Township	Bed	Bath
312030	$159,900	3466 Genesee	Cheektowaga
312033	$129,900	2135 Clinton	West Seneca
Foreclosed Properties – Lots and Land
MLS #	Price	Address	Township	Bed	Bath
315347	$19,900	0 Bennett	CHEEKTOWAGA
330943	$21,999	5211 River	Tonawanda
337703	$199,999	333 Losson	CHEEKTOWAGA
Foreclosed Properties – Multi-Family Home
MLS #	Price	Address	Township	Bed	Bath
337896	$19,900	1056 West	Buffalo
334405	$22,900	412 Park	Dunkirk
334480	$29,900	218-22 Eagle	MEDINA
Foreclosed Properties – Single Family Home
MLS #	Price	Address	Township	Bed	Bath
334660	$32,900	4625 Woodard	Niagara	2	1.5
335217	$32,000	6367 Shongo Valley	Caneadea	3	1.5
335538	$74,900	5324 Gooseneck	Ashford	4	3
336155	$55,000	5829 Lakeview	Hamburg	3	1.5
337552	$28,500	34 S Century	Cheektowaga	3	1.5
337937	$18,000	162 Benzinger	Buffalo	3	1.5
337706	$35,500	28 W 4th	Dunkirk	4	1.5
331842	$184,900	217 Kenton	Hamburg	4	3
332868	$109,900	4667 CREEK RD.	LEWISTON	3	3
334296	$79,900	4691 CLIFTON PKWAY	HAMBURG	3	3
328616	$39,500	11028 West Shelby Rd	Shelby	3	1.5
329922	$49,900	9031 GENESEE RD.	CONCORD	3	1.5

Are you interesting in purchasing Foreclosed Real estate? Interested in finding out the current market value of your single family home, condo or investment property? Then call Colleen Kulikowski at (716) 743-5297 to discuss what is happening in today’s Western New York Real Estate Market.

Fair Housing Act

Fair Housing Rules Affect WNY Buyers

Fair Housing Rules prevent Realtors from giving their opinion on neignborhoods.

Fair Housing Rules Stop Us From Answering Some of Your Questions!

What a New York Realtor® cannot tell you about a neighborhood might surprise you. We recognize that the purchase of your Western New York home is a huge life altering decision and you want to make sure that you have not only the perfect home, but also that have all the facts you need to make that decision.

Fair housing has been in the news in Western New York lately and it is a good time to explain how Fair Housing affects the Western New York Buyer.  As a licensed Real Estate Salesperson and Realtor® in the State of New York we must adhere to strict rules regarding housing because of the Federal Fair Housing Act.

We cannot discuss things like schools, crime statistics, and demographics.

We cannot render or express an opinion about the status of the neighborhood.

We understand as Western New York Buyers, your need to know the answers to your questions regarding these topics!

The Federal Fair Housing Act keeps us from making certain determinations about a neighborhood. We have put together some resources to answer your very important questions. The Internet is a wonderful resource and there are many great resources in addition to this list.

In addition to our showing of your potential WNY home, we suggest that before you decide to put an offer on a Western New York home that you:

• Stop by the public library and speak with the librarian, they will be full of resources for you to investigate your potential new Western New York home!

  • Erie County Public Libraries
  • Niagara County Public Libraries