Buying/Selling Tips

  • Home Batteries Are Transforming How Americans Use Electricity

    What is a home battery? A home battery is a large lithium-ion energy storage system installed near a house — often on a garage wall, outside the home, or in the backyard. It can operate: The most well-known example is Tesla Powerwall, but the market is expanding rapidly as new companies enter the space. How…

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  • New Condo Mortgage Rules Could Impact Financing and Approval Times

    New condo-lending policies taking effect August 3, 2026 from Fannie Mae and Freddie Mac, government-sponsored enterprises that purchase qualifying mortgages on the secondary market: some purchases could involve greater scrutiny by lenders. While lenders already review condo associations in many cases, the new policies require a closer look at the association’s finances, reserve funding, and…

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  • The 60-30-10 Paint Rule: The Secret to Perfect Color Balance

    The 60-30-10 paint color rule is all about proportion and harmony. It suggests using one dominant color for 60% of the room, a secondary color for 30%, and an accent shade for the remaining 10%. (HOUSE BEAUTIFUL) 7/29/2026

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  • The Truth About Large HOA Reserve Funds

     When buying in a condo, co-op or HOA, large reserve funds are not always the positive indicator they appear to be. Substantial reserves may signal underlying issues that warrant closer investigation:1. Large Capital Projects May Be Imminent2. The Building May Be Deferring Necessary Repairs3. Reserve Funds May Not Be Available for Everyday Operations4. Excessive Reserves…

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  • NYC Co-op Buildings Face New Review Timeline Requirements Starting July 28, 2026

    Beginning July 28, 2026, most New York City cooperative buildings with 10 or more residential units must comply with Local Law 58 of 2026, which establishes mandatory deadlines for reviewing and deciding on co-op purchase applications. The law is designed to make the co-op buying process more transparent and predictable by preventing lengthy, open-ended delays.…

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  • The New American Dream? Bigger Homes After 60

    About 7% of buyers ages 61-70 said the main reason they chose their new home was because they wanted more space, up from 4% for that age group in 2016. Think visiting family, accumulated savings, compounding on investments, selling businesses, “rewarding yourself” for decades of hard work, etc…. Empty-nest baby boomers owned 28% of U.S. homes with 3…

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  • Moody’s Rent-vs.-Buy Study Makes Headlines—Here’s Why the Conclusion Isn’t So Simple

    Moody’s compared two people earning $150,000 a year: a homeowner who bought a $500,000 house (20% down, 6.25% mortgage) and a renter paying $2,500 a month with 3% annual increases who invested the difference at a 10% return. After 30 years, assuming average annual rent and home appreciation increases, the renter came out ahead with…

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  • Household Mold: How Climate Change Is Making the Problem Worse

    As the planett tempertures climb, mold can become a higher risk: Mold in a house is primarily caused by excess moisture combined with organic materials like wood, drywall, or carpet. Airborne spores are always present, but they only grow when they land on a damp surface. Common triggers include plumbing leaks, high humidity, condensation, roof…

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  • 7 Smart Ways to Lower Your Home Insurance Costs

    How can you lower insurance costs?  Here are some ideas:1. Fortify your home:  you have more control over how resistant a home is to hurricanes, wildfires and other events. Hazard mitigation efforts can include adding storm shutters; fortifying a roof to protect against hail, wind or wildfires, moisture sensors that can help to more quickly…

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  • Family Money Remains a Key to First-Time Homeownership

    There are several ways parents – and grandparents – can help younger family members buy a home: a cash down payment as a gift, a family loan, cosigning on a mortgage, buying the house outright or inheritance. 22% of first-time buyers used a gift or loan from family or friends to help with a down…

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