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Boston-Area Home Sales Picking Up Steam

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Boston - Apple Maps

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As the spring market kicks in, homes and condos across Greater Boston are selling faster than last year, new stats show.

The time on market for homes and condos in the Boston area stood at just under two months, or 55 days, Realtor.com reports.

That’s 8 percent faster than last year, when it was up around 60. In fact, few metro markets are seeing sales happen at that pace right now in what nationally is turning out to be somewhat of a sluggish start to the spring market.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Scott Van Voorhis – See the Full Story at Boston.com

Click here for gay realtors, mortgage lenders, and other real estate professionals in Massachusetts.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Terry’s Blog: Home Mortgage Tips To Help You Out

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Home Mortgage Tips To Help You Out

Terry is a gay friendly realtor in Sioux Falls SD.  You may reach him at 605-351-1008 or terry@terrybornitz.com

Terry is a gay friendly realtor in Sioux Falls SD. You may reach him at 605-351-1008 or terry@terrybornitz.com


There are a lot of people out there seeking home mortgages, but very few are going to find a fair, secure loan. Most will end up paying far too much, and others won’t be able to afford the terms. These are obviously traps you want to avoid like the plague, and thus it’s in your best interest to learn more about the lending process before proceeding.

Watch out for banks offering a “no cost” mortgage loan. There is really no such thing as “no cost”. The closing costs with “no cost” mortgages is rolled into the mortgage loan instead of being due upfront. This means that you will be paying interest on the closing costs.

Make certain your credit history is in good order before applying for a mortgage. Lenders review credit histories carefully to make certain you are a wise risk. If your credit is poor, work at improving to so your loan application will be approved.

Try getting pre-approved for a mortgage before you start looking at houses. This will make the closing process a lot easier and you will have an advantage over other buyers who still have to go through the mortgage application process. Besides, being pre-approved will give you an idea of what kind of home you can afford.

Hire a consultant if you feel you need a little help. The ever changing mortgage market can be complicated, and a true professional can help you to walk through every step of the process with a greater level of ease. They can also ensure that the terms are fair for you and not just the company you chose.

Pay down your debt. You should minimize all other debts when you are pursuing financing on a home. Keep your credit in check, and pay off any credit cards you carry. This will help you to obtain financing more easily. The less debt you have, the more you will have to pay toward your mortgage.

Look into no closing cost options. If closing costs are concerning you, there are many offers out there where those costs are taken care of by the lender. The lender then charges you slightly more in your interest rate to make up for the difference. This can help you if immediate cash is an issue.

Do not take out a mortgage loan for more than you can comfortably afford to pay back. Sometimes lenders offer borrowers a lot more money than they need and it can be quite tempting since it would help you purchase a bigger house. Decline their offer because it will lead you into a debt pit you cannot get out of.

Keep in mind that not all mortgage lending companies have the same rules for approving mortgages and don’t be discouraged if you are turned down by the first one you try. Ask for an explanation of why you were denied the mortgage and fix the problem if you can. It may also be that you just need to find a different mortgage company.

Be sure to compare the different term options that are available for home mortgages. You could choose between a number of options, including 10, 15 and 30 year options. The key is to determine what the final cost of your home will be after each term would be up, and from there whether or not you would be able to afford the mortgage each month for the most affordable option.

Some creditors neglect to notify credit reporting companies that you have paid off a delinquent balance. Since your credit score can prevent you from obtaining a home mortgage, make sure all the information on your report is accurate. You may be able to improve your score by updating the information on your report.

Look over you real estate settlement statement before signing any papers. Your mortgage broker is required by law to show how all the monies are dispersed at the closing. If the seller has agreed to pay for some of the closing costs, ensure that this is noted on the settlement statement.

The more you know about home mortgages, the better off you’ll be when it’s time to sign the papers. By using tips like the ones provided to you above, you can avoid a lot of the traps and scams that snag so many others. Just take your time, learn about the subject, and never sign anything unless you understand it.fbcoverTerryBornitz

New Castro-Area Condo Building Likely to Be Approved

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Castro CondosA formerly controversial housing project in San Francisco’s gay Castro district is expected to sail to passage next week when it comes up for a vote at the city’s planning commission.

As the Bay Area Reporter noted in a March 2013 article, Castro neighborhood groups initially expressed a number of objections with developer Greystar’s plans for an 87-unit rental development at the corner of Sanchez, Market and 15th streets. The project next door to the Swedish American Hall was set to not include any below-market-rate housing.

Rather than include 10 units of affordable housing on-site, Greystar wanted to pay an in-lieu fee toward the city’s affordable housing fund. Neighborhood and housing activists balked, however, warning the company they would oppose its plans if it did not include the BMR units on-site. With the parcel one of the few remaining to be redeveloped along the upper Market Street corridor, it presented one of the last chances to see BMR units become available in the area.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Matthew S. Bajko – See the Full Story at the Bay Area Reporter

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Four New Residential Towers Planned in Seattle’s South Lake Union Neighborhood

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Onni Group ProjectAs we previously posted in November, Onni Group out of Vancouver BC is planning to construct 4 new towers in South Lake Union. They have released some new information on what will be built on the site, which is between Boren Ave N and Fairview Ave N and from Denny Way to Thomas Street.

According to the PSBJ, the current plan is to build a two-towers at 40 stories with over 1000 residential units for the block fronting Denny Way. Then on the block to the north, they plan to construct two towers, each at 24 stories. Together there will be almost 2000 units in the project.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Marco Kronen – See the Full Story at the Seattle PI

Click here for gay realtors, mortgage lenders, and other real estate professionals in Seattle, Washington.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Featured Gay Friendly Realtor: Paul Slutsky, Wilton Manors, Florida

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Paul Slutsky, Gay Wilton Manors Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

As a Top Producer I’ve been delighting homebuyers and sellers over 20 years with my expertise, knowledge and ethical service. Wilton Manors offers average temperatures of 77 degrees and over 3000 hours of sunshine a year.

See Paul’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Fort Lauderdale

Texas Gay Realtor Calls Out Realtor Association for Backing Anti-Gay Candidates

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Bob McCranie, Gay Dallas Real Estate Agent

Bob McCranie

The Texas Association of Realtors and its funding arm, the Texas Real Estate Political Action Committee, have long endorsed and funded anti-LGBT candidates. But one Realtor is hoping to change that in the coming years, if not sooner.

Bob McCranie, owner of Plano-based Texas Pride Realty, has grown tired of the Texas organizations endorsing and funding anti-gay candidates, including the four at the top of the ticket this year who oppose marriage equality: Greg Abbott for governor, David Dewhurst for lieutenant governor, Glenn Hegar for Texas comptroller of public accounts and George P. Bush for Texas land commissioner.

McCranie isn’t on the endorsement board but has donated to the PAC in the past. He said marriage equality is a Realtor issue because marriage involves property rights, but when he’s brought up his objections to the endorsements in the past, he’s told Texas is a red state so not many candidates support LGBT equality. The endorsement board even has openly gay members.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Steve Ramos – See the Full Story at The Dallas Voice

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Terry’s Blog: Real Estate Advice: Home Sales In Any Market

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Real Estate Advice: Home Sales In Any Market

Terry is a gay friendly realtor in Sioux Falls SD.  You may reach him at 605-351-1008 or terry@terrybornitz.com

Terry is a gay friendly realtor in Sioux Falls SD. You may reach him at 605-351-1008 or terry@terrybornitz.com


If you want your home to appeal to more buyers so that it moves quickly and for the most value, you have to know how to handle packaging your property. This is something that’s a lot easier said than done. Read this article and use these tips to help you package and sell any property you own.

If you are trying to sell your home, remove all personal items from display. This means to take down family photos, calendars, etc. A buyer needs to be able to envision their own belongings in the space. Having a photo of your baby on display makes it harder for them to do this.

When you’re selling your home, stop and think about the time of year that your are putting it up in. Families that want to move, don’t want to uproot their kids in the middle of the school year. Most people are selling their home at the same time they are buying. Try getting ready to do shows on the home around late February, that way you have about 5 good months of possible buyers before it slows down.

You should hire your own real estate agent to represent you. An agent that works for both the buyer and the seller can possibly have a conflict of interest. Ask friends to recommend an agent to you. Interview several agents and make sure you are comfortable with the person you choose. A knowledgeable agent is an invaluable resource.

If you’re waiting to sell your house: maybe until the market recovers a bit; or because you can’t find a buyer, then renovate! Re-tile the entryway, plant some flowering bushes, go ahead and get those new cabinets for the kitchen. It’ll make the house more appealing and make your home worth more when you do find a buyer. Of course, if you do the work yourself, you’ll get even more bang for your buck!

When trying to decide whether you should lower your price or renovate your property, keep in mind that the buyers are out to get the lowest price possible. So even if your property is priced to adjust for renovations the future buyer will have to make, the potential buyer will still try to negotiate that into the price. By keeping this in mind, it will help you through the negotiation process.

Clear off your counters. Remove everything from your kitchen and bathroom countertops. A prospective buyer needs to have a good idea of the available counter space, and this is impossible when it’s full of clutter. Also, make sure that the counters are sparkling. If you have tile countertops, clean the grouting, or replace it completely if it’s stained or discolored.

When staging a home to show to a potential buyer, don’t neglect the bathroom. A clean, white shower curtain will make a bathroom feel less grungy and more like the sanitary space it should be. Under no circumstances should you show a home with the old owner’s shower curtain still in place.

One tip to keep in mind when it comes to selling your real estate, is that you need to understand the current condition of the market and make sure that you adjust your home price accordingly. This will help to ensure that you are able to quickly and fairly sell your house in a tough market.

You should make yourself scarce when potential buyers are viewing your home. Any opinions you try to give them will seem biased and make you seem like you are being pushy. Allow them to look at it on their own or with a realtor, so that they can make a decision on their own about whether they like it or not.

If you are looking to sell your home, there is a good home-selling season. This originally used to be spring, but nowadays it is starting as early as late winter. Those with families are more likely to look for homes at these times so they do not have to remove their children from school in the middle of the term.

Less is more when selling your home in todays real estate market. Move any furniture that is not needed including photographs and knick-knacks into storage. This way, potential buyers will be able to better visualize their furniture in the home. Remember that your taste may not necessarily be loved by everyone else.

Anyone involved in real estate looking to buy or sell a home, would do well to set pricing limits before venturing in fully. When a buyer has clear requirements in their mind, they’re less likely to get swept up in the excitement of house hunting and make a deal that they later back out of. By creating a limit as to how low they will go, sellers can avoid giving in to less than adequate offers.

You will find that there is a lot that goes into selling your home in this market, but you will also find that selling does not have to be difficult at all. If you can follow these tips to move your house, you should have no problem selling your home quickly and for a sizeable profit in any market.fbcoverTerryBornitz

Homeownership’s Impact on net Worth

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1

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:

  • The average American family has a net worth of $77,300
  • Of that net worth, 61.4% ($47,500) of it is in home equity
  • A homeowner’s net worth is over thirty times greater than that of a renter The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
  •  The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

Bottom Line

The Fed study found that homeownership is still a great way for a family to build wealth in America.

Bay Area Home Prices Reach 2007 Levels

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San Francisco Real EstateThe median price paid for a Bay Area home or condo shot up to $570,000 in March — 7.2 percent higher than in February and 23.2 percent more than in March of last year, according to DataQuick.

That was the highest median since $587,500 in December 2007, but still below the all-time high of $665,000 in June and July of 2007.

Sales and prices typically pick up between February and March, but the seasonal price increase this spring was higher than the long-run average of 4.3 percent. The pickup in sales, however, was weaker than average.

Authored By Kathleen Pender – See the Full Story at SFGate

Click here for gay travel resources in the San Francisco Bay Area.

Terry’s Blog: All You Must Know About Buying A Home

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All You Must Know About Buying A Home

Terry is a gay friendly realtor in Sioux Falls SD.  You may reach him at 605-351-1008 or terry@terrybornitz.com

Terry is a gay friendly realtor in Sioux Falls SD. You may reach him at 605-351-1008 or terry@terrybornitz.com


Buying real estate can be a wise investment. There are many things, however, you need to consider before and during the buying process. Do not jump-in-over-your-head and regret your decision! This article can help you with some of the items that need to be considered. Read on.

If you are not able to secure traditional financing in order to purchase a home, you may consider looking for real estate that has owner financing. Owner financing allows the seller to sell you the property on their own terms and collect a payment from you each month. They get not only the purchase price, but the interest as well.

When buying a home make sure to find a realtor that specializes in working with home buyers. Many real estate agents are in fact seller’s agents and are trying to sell the home for the current owner. Therefore, their primary goal is to help the seller. Find someone who will focus on helping you and you’ll get a better selection of homes to start looking at.

When you are shopping for a new home, determine what features are non-negotiable to you and communicate this to your real estate agent. By doing this you can avoid looking at houses that you have no intention of buying, because they do not have the features you need or want.

When buying a home, do not share the agent, inspector, or appraiser with the seller. There is a great chance that you will find yourself in a better position to buy if you find representatives that are on your team to help you get the best price on a home that is worth buying.

When you want to buy a home and you have the credit, the job and the necessary funds, usually there are no good reasons to postpone the purchase. In some cases for example, when you are new to the area, your job is not secure enough or you are getting married in the near future, you might consider putting off the purchase.

When purchasing a home, check out market values in the area and make a fair offer on the price. It can sometimes be tempting to low ball a seller, but doing so can offend them. Offending a seller can turn them off to counter offering or even allowing you to bid on the house again.

An important tip to remember with real estate purchasing is to try to increase your credit score as much as possible before applying for a loan. This is important because your credit score directly effects your A.P.R., which can result in the savings or losses of thousands of dollars. Anything from checking for errors on your report, to ensuring that you aren’t carrying a high balance on any individual credit card, will help to bring your score up.

Some buyers try to sell and buy properties at the same time, which can have a disastrous effect. Sell your old house before you buy the new one. Trying to coordinate the two sales is very hard, and if it is unsuccessful, you can be stuck with paying two mortgages at the same time

Do not purchase a home purely based on a virtual tour that you have seen of the home. Sometimes looks can be deceiving and there may be things that you cannot catch on the screen. Walking through the home would be a much better decision so you can see everything.

When looking for a home, keep in mind the most important thing; location. Although you may find your dream home, it may not be in the best location. When looking for homes, the location is the one thing that cannot be changed. Once you buy a home in an area, you are stuck there unless you move. Be sure to take a look around the neighborhood before deciding on a home to buy.

Keep an open mind about the houses you look at. These were or are someone’s home, and while they may not have made the decorating choices you would have, it was their decision. Don’t judge a house by its decor. Instead, focus on what you would do if it were to become yours.

As was stated earlier, buying real estate can be a wise investment. Using good judgment when buying, this is no doubt a big investment. Avoid getting caught up in the moment! Use the information in this article to help you make the right choice.fbcoverTerryBornitz