Friday, July 30, 2010

This site has moved to AndrewCWilson.com

After just a brief stay here on Blogger, we've moved to another platform.

NY Architect and REALTOR® will continue posting real estate articles and buyer resources at its new home http://www.andrewcwilson.com/

Please come on over and take a look!

Thanks.




Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR®

Looking for Queens or Long Island Real Estate?
Contact Andrew Today: andrew.wilson@realestate.com

Thursday, July 22, 2010

Moynihan Station Clears Approval Hurdle

Moynihan Station Clears Approval Hurdle (From Real Deal)

Here's hoping NYC can once again do justice to all visitors and commuters arriving via rail to Penn. 


Old Penn Station - Demolished in 1960s

Farley Post Office - To be known as Moynihan Station


Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)
Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Wednesday, July 21, 2010

June Home Sales in Queens and Long Island: Tax Credit Tailwinds

June Home Sales in Queens and Long Island: Tax Credit Tailwinds

Check out what the latest home sales in Queens and Long Island could mean for your real estate search. The bottom line: if you are in a position to be a buyer, stable year-over-year sales prices and historically low interest rates are on your side.


Video from our friends at MLSLI.com



Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Bayside Student's Artwork to Hang in US Capitol

Great Neck North School graduate and Bayside resident Kang Hee Kim won the 2010 “Fifth Congressional District Art Contest,” and now, while it hangs in the Capitol Building for the next year, her artwork will be seen by thousands of people from all over the country and the world.


Read more in VICTOR G. MIMONI's article at QueensCourier.com



Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Tuesday, July 20, 2010

Holla atcha, Hollis!

The Wall Street Journal recently highlighted Hollis, Queens in their NYC Walkabout series. Have you seen the street sign for Run DMC JMJ Way (a/k/a 205th Street @ Hollis Avenue)?

It is always great to see Queens get some love.





Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Monday, July 19, 2010

In My Neighborhood, Where is the Nearest...?

WalkScore Answers the Question: Where is the Nearest ______ Store...?

If you are considering a move to a certain neighborhood or if you have just moved in to a new home or apartment, you might be wondering: "Where is the nearest coffee shop (or drugstore, or hardware store, etc.)?" 

Luckily, there is a great resource called WalkScore.com which covers NYC in this regard.

On its face, WalkScore.com is a website devoted to scoring and ranking different neighborhoods based on their walkability (i.e. trips that wouldn't require a car).

Why WalkScore is really useful when searching for real estate:
Walkability is all fine and good, of course, but the site is infinitely more useful for getting a snapshot of the businesses and services nearest an address, regardless of if you'd need a car to get there.

With every address search, WalkScore returns the 8 closest locations for 14 different business and service types.  That's 112 local business sorted by catagory and displayed on a map: it's like doing 14 Google Maps searches in one shot!

Now, it's easy to see what's in the neighborhood, even if you haven't been there in person yet.

Check out this sample score and map for Bayside, NY and then check your address' Walkscore to see if you discover a local business you didn't even know about. 


Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Friday, July 16, 2010

7 Train Extension Progress

By 2013, the 7 train which currently runs from Flushing (Main Street) to Times Square will be extended west to 11th Avenue and terminate near the Javits Center at 34th Street.

Finally connecting the Javits Center with a rail transit option can only help convention business and Northeast Queens commuters to the west side will benefit daily.

Check out this cool video on NY1.com of the tunnel boring machines making progress below the Port Authority Bus Terminal.

Queens Transit Wishlist: Rail to LGA


Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: NY Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Wednesday, July 14, 2010

LIBOR Dinner Cruise

Last night, my wife and I hit the waters of Flushing Bay and the Long Island Sound with about 200 of our closest friends including area Realtors and real estate related professionals.

View of the City and the Clouds (LaGuardia in the foreground)


Lighthouse near Kings Point, Nassau


Nice view of the North side of the Throgs Neck Bridge. Thanks, Robert Moses!

The event was sponsored by the CENTRAL NASSAU CHAPTER and the NASSAU NORTH SHORE CHAPTER of LIBOR.  Thanks to those who did the hard work so that we could show up and have a good time.

If any agents were on the cruise and are interested in joining my referral network, please contact me.  I am especially looking for agents who work in Manhattan and Suffolk County.


Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: Architect and REALTOR®

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here.

Best High Schools in Nassau County

Best High Schools in Nassau County:

Did you know that when rated on College Readiness of graduating students three of the top 100 public high schools in the entire country are right in Nassau County? This elite list includes Jericho High School (Jericho), South Side High School (Rockville Centre), and William A. Shine Great Neck South High School (Great Neck).

Another three Nassau County high schools also received awards and mentions.  Check them out in the latest U.S. News and World Report High School rankings.

If you are looking for a good place to raise a family, Nassau County definitely fits the bill on this metric.

Photos from Great Neck South High School Guidance.



Work with a buyer's agent who is also a licensed architect.
Andrew Wilson: Architect and REALTOR(r)

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com
To search Long Island MLS like an agent: Click here.

Tuesday, July 13, 2010

How to find a Buyer's Agent: Top 5 tips

How to find a Buyer's Agent: Top 5 tips
If you are shopping for real estate in today's market you can and should expect more from the real estate agent (or Realtor®) helping you shop. Trust me, there are plenty of agents that would love to have your business. Don't just settle.

These are Andrew's top 5 tips for selecting a buyer's agent.

#5: Don't pick the first agent that avails his/herself:
It may seem simple, but it is important to understand that you are not obligated to work with the first real estate agent that reaches out to you, especially if you are like 80% of shoppers that start their search on their own on the internet (and I know you are because you are reading this). I recently spoke with a house-hunting couple that used the internet to find a property they were very interested in putting a bid in on, and then scheduled a showing by clicking on an agent link on the internet listing page (not the listing agent), only to find that "their agent" seemed more interested in closing the deal than getting them a good price.

#4: Real estate is local, so should your buyer's agent be:
There is no point being loyal to the agent that sold you your current house if you are interested in relocating to a different market. Their knowledge and service will not translate unless your target market is very near your current one. Best to ask him/her nicely for a list of referrals in your target market. You can then start with a short list to interview.

#3: Don't sign a blanket exclusive agreement with a buyer's agent
An exclusive agreement that covers a certain period of time will lock you into working with a buyer's agent no matter how you find the property you are interested in buying. Ask instead to implement a property-specific agreement so that you are committing to work with the agent on certain homes, but not all. This is more flexible for you, and should be reasonable to most buyer's agents.

Some agents will try to tell you that because (in most states) the seller doesn't pay any sort of commission, it won't cost you anything to sign a blanket exclusive agreement. This is technically true. However, because house-seekers have so much access to online property information, an exclusive agreement is a non-starter because buyer's agent value should be added rather than contractually obligated. If a buyer's agent tries to push you into an exclusive agreement, it should send up warning signs about his/her intention to truly help you find and negotiate the best deal.

#2: Low volume = high attention
This one is simple, but often overlooked. You should ask a potential buyer's agent how many clients they are currently representing. If it is more than five, there is reason to think that they may not be able to give you the attention you expect and deserve. If the agent assures you he/she has a refined customer service model, despite representing 20+ buyers at a time, be sure you are comfortable with the other agents or assistants that you will be dealing with during your hunting and transaction experience.

#1: Seek professional knowledge beyond typical agents
In most states, any licensed real estate agent can represent a buyer. It is up to you to figure out how to get the most value out of the service. Our #1 tip is to ask the agent what makes them different. Their answer should concentrate on differentiating knowledge and service. Some agents just passed their state exams. Others are licensed in other professions as well. Others have real estate investment experience in a given market. These additional licenses and perspectives help ensure you get the most from your agent.

Who will get you the best deal and give you the most confidence when writing offers to buy your first home or your next investment property? Ask the right questions.

If you have additional questions, send me a comment below.

This post was inspired by a more generic article found on Yahoo! Real Estate:
Full text of the Dian Hymer article: Be Picky When Picking a Real Estate Agent.
Dian Hymer, a real estate broker with more than 30 years' experience, is a nationally syndicated real estate columnist and author of "House Hunting: The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide."




Contact Andrew Wilson and shop for real estate with confidence knowing you're represented by a buyer's agent who is also a licensed architect.


Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here (powered by ListingBook)

Sunday, June 13, 2010

Do you need a buyer's agent in New York? Yes!


Looking for a new home in Long Island or Queens?

If you want to search the latest, up-to-the-minute information on the Long Island MLS and then act on that information with confidence, then you definitely need a buyer's agent.

Check out this presentation on the advantages of working with Andrew Wilson as your buyer's agent in Long Island or Queens, New York.Buyers Agent Advantage - Andrew Wilson RealEstate.com New York



About Andrew Wilson

As a licensed architect, co-founder of [1016] Architecture in New York and Chicago, and a Licensed Real Estate Salesperson and Realtor with the New York office of RealEstate.com, I bring a unique perspective to the real estate purchase process and see often opportunities where others may not.


I have dedicated my professional life to learning as much as possible about the real estate market and the built environment. I am committed to sharing that knowledge with my clients through exceptional service.



[1016]: Architecture + Real Estate
[1016] Architecture is ready. Are you?
Check out [1016] elsewhere on the web: FacebookeHow, SlideShare



Looking for Long Island Real Estate?
To search Long Island MLS like an agent: Click here
(powered by ListingBook)

Monday, April 26, 2010

Should you Remodel or Move Up?

Should you Remodel or Move Up??
Increasingly, it looks like you should remodel...

According to the Wall Street Journal and the Joint Center for Housing Studies at Harvard University, when pondering this question in 2010, even the majority of homeowners who are not "underwater" on their mortgages are feeling more apt to renovate their existing digs than sell and move to a different home.

This "Do More with Less" theme could well be the theme of 2010 and a nascent economic recovery. In that vein, we wanted to share this video showing how a little space combined with a lot of imagination can result in more than you expect.



The Wall Street Journal article also mentioned a "psychology return on investment" which [1016] Architecture covered in one of our previous posts on Getting the Most Out of Home Improvements as "emotional return." A level-headed analysis of costs vs. value should definitely include this non-monetary return on improvements intended to be enjoyed over many years.

Read the full Wall Street Journal Article here.


Andrew Wilson: Shop for real estate with confidence.
Work with a buyer's agent who is also a licensed architect.

Looking for Queens or Long Island Real Estate? Contact Andrew Today: andrew.wilson@realestate.com To search Long Island MLS like an agent: Click here(powered by ListingBook)

Monday, April 12, 2010

How to Get the Most Return on Home Improvements

As an architects, I meet more and more homeowners who are interested in renovating or adding on to an existing home rather than seeking to sell and move or to build new.


Their questions are plenty, but usually revolve around one central issue:  How to I get the most out of my home improvement dollar?


Here are some general tips to consider when deciding whether or not to undertake your project:

  1. Assess how long you want to remain in the home.  Obviously, if you are thinking of staying put to enjoy the fruits of your improvements for ten years, you will be able to make different decisions than someone interested in moving on from a fixer-upper after only one or two year.  Think of this time as "emotional" or "utilization return" on your investment.  This factor will also affect the life-cycle return of energy efficient improvements such as new windows or insulation.
  2. Refer to the latest numbers.  Check out this Cost vs. Value 2009-2010 resource from Renovation Magazine to see how much of your money you can reasonable expect to recoup when you sell the house.  There is data for various regions and metro areas across the country, so you should be able to get a good idea of a general range for typical improvements such as adding an attic bedroom, or renovating a master bathroom.  The difference between cost and value is the true price tag of your improvement.
  3. Consider doing some of the work yourself.  Labor can make up anywhere from 15% - 30% (or more) of the cost of a renovation job, so tackling some of the simpler items can make an impact on the overall budget.  Beware, however, of taking on more than you can handle safely and economically.  Frustrations, complications, and delays are always just below the surface on renovation projects.
  4. Remain sober about the economic benefit of certain changes.  If you check the Cost vs. Value chart from number two above, you realize gone are the days of renovating a bathroom or kitchen and selling your house for a 20% gain in just over a year.  Is that "true price tag"worth spending to get your emotional or utilization return?
  5. Ask for professional advice before undertaking a big project.  As an architect and real estate agent, I am obviously a big proponent of planning and knowing the realities of your real estate market before making decisions regarding home improvements.  Most professionals will be glad to give an quick opinion or consult without cost or obligation.  If you like what they have to say, consider engaging them to help you with the rest of your project.  Find a professional for your job at ServiceMagic.com.


Overall, being realistic with your goals, expectations, budget, and abilities are all critical aspects to a home improvement.  Assembling a team of professional advisers may cost a little more on the front end, but could save big bucks by steering you clear of costly mistakes.


About Andrew Wilson

As a licensed architect, co-founder of [1016] Architecture in New York and Chicago, and a Licensed Real Estate Salesperson and Realtor with the New York office of RealEstate.com, I bring a unique perspective to the real estate purchase process and see often opportunities where others may not.


I have dedicated my professional life to learning as much as possible about the real estate market and the built environment. I am committed to sharing that knowledge with my clients through exceptional service.


[1016]: Architecture + Real Estate
[1016] Architecture is ready. Are you?
Let us know: Think about it, comment below, then:
Check out [1016] elsewhere on the web:
FacebookeHow, SlideShare



Looking for Chicago or Long Island Real Estate?
To search Chicago MLS like an agent: Click here
To search Long Island MLS like an agent: Click
here
(powered by ListingBook)

Tuesday, April 6, 2010

How to Search the Long Island MLS like an Agent

Craving the best real estate search information for Long Island, NY?


Your Problem:
You want to know how to search the MLS for access to Nassau County, Long Island, or Queens, NY real estate information, just like an agent.

If you are searching the internet independently for Long Island real estate listings then you are probably running into the following frustrations:
  • Fragmented searches on many different websites, none of which give you depth of information you are seeking.
  • Since information is spread between different brokerage sites, it is difficult to keep a convenient record of which properties you liked or didn’t like.
  • It is entirely too cumbersome to get additional information or schedule a showing for an interesting home without someone dedicated to helping you.
  • Submitting questions online and dealing with multiple agents is frustrating and ineffective. Listing agents are too busy or they think you're not worth their time.
  • An agent for a given property is not obligated to you as the buyer. The seller is their client, not you!
The Solution:  A Buyer's Agent + ListingBook
You need the best available information at your fingertips and an agent available as a professional resource to answer questions specific to your situation. I do that in association with a powerful and free website called ListingBook.com.

ListingBook puts the power of up-to-the-minute MLS searches at your fingertips and provides a single-source for all listings, communications, and recordkeeping with me as your buyer’s agent. ListingBook increases the breadth of your search across all MLS listings, just like an agent, and consolidates results in one place to save you time.

You are in control and are free to update your searches as you see fit.  Don't be forced to rely on unresponsive agents for changes.

Also, with a free ListingBook account through me, I will be informed of the progress of your search and will be available to answer questions along the way. You will have access to a single agent as a dedicated resource.

After technology stops, the transaction begins, and that will always require the best people on your team.

Visit Andrew's ListingBook page to learn more and to search the MLS with real-time information.


About Andrew Wilson

As a licensed architect, co-founder of [1016] Architecture in New York and Chicago, and a Licensed Real Estate Salesperson and Realtor with the New York office of RealEstate.com, I bring a unique perspective to the real estate purchase process and see often opportunities where others may not.


I have dedicated my professional life to learning as much as possible about the real estate market and the built environment. I am committed to sharing that knowledge with my clients through exceptional service.


[1016] Architecture is ready. Are you?
Let us know: Think about it, comment below, then:
Check out [1016] elsewhere on the web: Facebook, eHow, SlideShare


Monday, January 18, 2010

When it Comes to Housing Bottom, Who to Believe?

Picking the bottom of the market may be impossible, but perhaps the conflicting views of 2010 presented in the WSJ.com videos below mean opportunity is out there for intrepid buyers.

This video says foreclosure activity will see a second and third wave in 2010. The first wave was started by poor lending practices, which help create the now-burst bubble. The second wave of foreclosures will come from unemployment and the third wave from the boom-vintage adjustable rate mortgages resetting on underwater homes. Yikes.




All that said, if you still have a job, in most places of the country, housing is affordable relative to historic earning power. This is a powerful, but rarely emphasized metric that Inside the Brackets has written about before in our Moody's Crystal Ball.