Welcome to the Trank Real Estate Blog!

East Aurora Mortgage Rates Projected to Rise Sooner Rather than Later
Gordon Trank 8 years ago

Now that we are deep into August, with summer in full swing, there might be vague thoughts running through your mind about some potential real estate moves—but certainly not until the fall. Right now all most of us are thinking about is whether another chilled glass of summer-something-or-other is in order. Western New York mortgage rates and what the folks in Washington might be doing to affect them are not exactly what occupies an idyllic July afternoon.

But if you’ve been paying attention...
Elma First Time Homebuyers Have a Question to Answer
Gordon Trank 8 years ago

Historically low mortgage interest rates have been a lifeline for many Elma first time homebuyers in recent years, keeping home ownership within reach for many who wouldn’t have otherwise been able to make the leap. For them, and for all the other than first time area homebuyers, the fact that home values have continued to rise has been an added boon.

But, as just about every mortgage industry expert will tell you, the gig is almost up for those rock bottom rates. Yet the question for many fi...
East Aurora Homeowners Should Expect Home Remodeling Increase
Gordon Trank 8 years ago

The number of households belonging to older adults is on the rise across the nation, and (let’s face it) the homes themselves aren’t getting any younger. So states the Harvard University's Joint Center for Housing Studies' Housing Perspectives (JCHS), which recently published the projection that, if true, makes it likely that Western New York home remodeling activity will spike in the coming years.

Abbe Will, research analyst for JCHS drew this conclusion:

"Since much of the housing stock is...
What a Deal! Island Homes for Sale at Drop-Dead Discounts!
Gordon Trank 8 years ago

The good news is, yes, you read that headline correctly: there are drop-dead gorgeous oceanfront island vacation homes on sale for you right now—this summer! The bad news, however, (depending on your vacation and travel plans) is that these homes for sale aren’t as convenient (geographically speaking) as some others.

They are in Greece. There’s always a catch, isn’t there?

CNNmoney’s website reported last week that the recent escalation in Greece’s financial trouble has produced a notable in...
East Aurora Real Estate Marketing in a David vs. Goliath Scenario
Gordon Trank 8 years ago

If you are bound and determined to try to sell your East Aurora house without the aid of a real estate professional, you will quickly discover that one critical element that can’t be overlooked is marketing. Just planting a ‘For Sale by Owner” (FSBO) sign on the front lawn and taking an 8-line classified ad in the East Aurora paper is a good first step—but that’s all it is. Not only must you immediately embark on a do-it-yourself real estate marketing campaign, you will be doing so against com...
A Property Manager Can be a Landlord’s Key Resource
Gordon Trank 8 years ago

At first blush, deciding to hire a Western New York professional property manager may seem counter-productive. Whether you bought the property you will be renting out specifically for that purpose, or else are simply holding onto your former home rather than selling it, the expense of employing a Southtowns property manager will materially reduce the cash benefit your rental promises to throw your way.

In fact, many new landlords don’t seriously consider hiring a property manager. It’s an off...
Increasing the Value of Your East Aurora Property in Four Steps
Gordon Trank 8 years ago

As soon as you decide that you will be putting your East Aurora property up for sale—whether soon or at some point in the foreseeable future—it’s also time to get strategic about growing your property's value—starting with a generous dollop of objectivity.

The difficulty stems from a truth about how everybody perceives much of their property’s value. We escape from hurly-burly of daily living by retreating to the comfortable confines of our home—our place. A good part of its value to us and t...
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