Welcome to the Trank Real Estate Blog!
Something new is stirring in the ordinarily hidebound world of residential mortgage offerings: a new way of approaching the financing of home purchases. If successful, it might well shift the way some Elma mortgage contracts are written.
The experiment is known as the “Wealth Building Home Loan,” and it addresses a home-ownership problem that has been talked about for a long time, with little being done to solve it. The issue in question is how to unburden new homeowners from spending years in...They don’t teach this in high school, but maybe they should. The difference between an East Aurora buyer’s agent and an East Aurora seller’s agent can be pivotal, yet first-time home buyers have to figure that out on their own. You can read quotes on the web that say things like, “I looked for a buyer’s agent instead of a real estate agent” (true story!) that illustrate how little knowledge is out there. It wouldn’t take much classroom time to explain that buyer’s and seller’s agents are both re...
East Aurora area home buyers may not have been watching the Patriots’ squeaker victory in Sunday’s Super Bowl for the purpose of learning something about real estate, but at least one useful piece of wisdom did become evident: the enduring value of minding the fundamentals. Despite the harrowing last 20 seconds, when the power of Seattle seemed sure to win the day, New England had confidence that their team was steeped in the fundamentals. Elaborate plays or complicated strategies didn’t seem im...
ABC’s Nightline recently aired an interesting segment about house flipping, which included a magic number that’s probably never been seen before. Western New York house flippers would have been glued to their TVs if they’d stayed up late enough to catch Nightline, because if authentically magical, it’s a good number to know.
The segment was part of a series called “Realty Check.” This one was about new strategies in the “ever-competitive world of flipping.” The show started with some backgr...
As the Spring Market approaches, the National Association of Realtors® was able to come up with some general observations on the makeup of the current market—facts that anyone expecting to deal with Wales home buyers in the coming year should find useful. With consumer attitudes showing improvement across the board, you might have expected that all segments of the home buying public would have shown increased activity. Not so.
According to the NAR’s annual survey—the big one that they’ve bee...When an East Aurora Neighbor Misbehaves…
Finding the absolutely perfect home—then being able to afford—may be every East Aurora home seeker’s dream accomplishment, but absolute perfection in any realm usually remains exactly that: attainable in a dream, but nowhere else. In fact, online mortgage site HSH.com surveyed homeowners and found a tiny 20% of the home owning population had zero complaints about their current digs. Sixteen percent wanted a larger place; 9%, more closet space. Lower perc...
