If you’re dreaming of owning your own home but can’t seem to get the money to save for the large down payment and closing costs associated with home buying, you may qualify for the Rochester Housing Development Fund Corporation’s HOME Rochester program. As long as you are a first time homebuyer, you have a job, good credit and you can currently pay over $500 a month in rent, then HOME Rochester can help individuals like yourself and families with moderate incomes become homeowners.
The properties in the HOME program are all single family homes within the City of Rochester that have been rehabilitated from vacant houses into beautiful, fully functional homes that meet or exceed city and state property codes. Each comes with a Certificate of Occupancy and a lead paint clearance, along with one-year warranties on major mechanical systems that were replaced during the renovations. Groups such as not-for-profit developers, local banks and the City of Rochester all work together with the Rochester Housing Development Fund Corporation to renovate HOME Rochester houses and make owning one possible for qualified buyers.
Homebuyers that meet the qualifications for the HOME Rochester program must be able to contribute a minimum of $1,500 towards the purchase and also qualify for a conventional, fixed rate mortgage. For income qualified HOME Rochester homebuyers, there are grants that can be applied for by the purchaser to assist in up to $6,000 in closing costs and/or interest reduction subsidies. HOME Rochester homebuyers must also occupy their new home between 3 to 15 years.
Nothnagle Realtors has agents on both the east and west sides of the city who are involved in the HOME Rochester program. For more information, contact any of the agents below to find out if you or someone you know can be part of the Rochester Housing Development Fund Corporation’s HOME Rochester program.
• Mel Diamond, Pittsford: 389-4048
• Nate Ellison, Webster: 671-5180 x329
• Octavio Garcia, Greece: 368-7154
• Pat Kulaga, Greece: 368-7119
• Linda Wilson, Brighton: 461-6320
• Rob Reimer, Management Contact
- Greece: 368-7167
Friday, June 22, 2007
Friday, June 15, 2007
Enjoy Low-Cost Living: Consider Buying a Two-Family Home
Sometimes the ideal start for a person, or a couple’s first home is a two-family, or multi-family home. When you think about it, the same advantages exist for a two-family as they do for a single family home. Interest, taxes and improvements are all tax deductible.
Sometimes the buyer can qualify for a higher priced home based on projected rent plus their own income, and the deductions can be even more significant. Now that alone is an advantage, but when you consider that the tenant is more than making up the difference in monthly overhead, the rewards are even greater. In many cases the homeowner can virtually live "rent free" while the tenant is in effect paying the mortgage and taxes. This is not a bad deal when you consider that the appreciation of the property and the amortization of the mortgage is building equity on a monthly basis.
In the interim, the homeowner can save at a fairly rapid rate for their next purchase which may very well be a single family home if they wish to raise a family or perhaps another two or three family home.
Being a successful landlord is dependent upon being able to effectively handle tenants. Having the tenant right next door makes it easier for you to keep on top of things.
Because of the ability to save during multi-family home ownership, it may be possible to purchase the next home without selling this one. Once there is a tenant in each of the units, the property could produce a positive cash flow, and the amortization of the loan and the appreciation of the property would continue.
At Nothnagle Realtors, our well-trained salespeople take pride in helping buyers make good decisions in their real estate purchases. What works for one may not work for another. Our job is to explain different strategies, so the buyer can make an informed decision about what they want to accomplish and go forward with confidence.
Before striking out on your own, it is good advice to sit down with a Nothnagle agent who will properly set forth the options available so you can make an informed decision.
Innovative tools, technology and the top producing real estate professionals in the area are what set us apart. If you’re looking to buy or sell property, consider the advantages of using the Best Agents and the Best Technology by hiring a Nothnagle real estate agent. Each can give you up-to-date market information on pricing, financing and terms and conditions of competing properties. These are key factors in getting your home SOLD for the best price quickly with the least inconvenience. Call any Nothnagle agent or 899-MOVE today! You can also go to Nothnagle.com and our newest site - Nothnagle.tv!
Sometimes the buyer can qualify for a higher priced home based on projected rent plus their own income, and the deductions can be even more significant. Now that alone is an advantage, but when you consider that the tenant is more than making up the difference in monthly overhead, the rewards are even greater. In many cases the homeowner can virtually live "rent free" while the tenant is in effect paying the mortgage and taxes. This is not a bad deal when you consider that the appreciation of the property and the amortization of the mortgage is building equity on a monthly basis.
In the interim, the homeowner can save at a fairly rapid rate for their next purchase which may very well be a single family home if they wish to raise a family or perhaps another two or three family home.
Being a successful landlord is dependent upon being able to effectively handle tenants. Having the tenant right next door makes it easier for you to keep on top of things.
Because of the ability to save during multi-family home ownership, it may be possible to purchase the next home without selling this one. Once there is a tenant in each of the units, the property could produce a positive cash flow, and the amortization of the loan and the appreciation of the property would continue.
At Nothnagle Realtors, our well-trained salespeople take pride in helping buyers make good decisions in their real estate purchases. What works for one may not work for another. Our job is to explain different strategies, so the buyer can make an informed decision about what they want to accomplish and go forward with confidence.
Before striking out on your own, it is good advice to sit down with a Nothnagle agent who will properly set forth the options available so you can make an informed decision.
Innovative tools, technology and the top producing real estate professionals in the area are what set us apart. If you’re looking to buy or sell property, consider the advantages of using the Best Agents and the Best Technology by hiring a Nothnagle real estate agent. Each can give you up-to-date market information on pricing, financing and terms and conditions of competing properties. These are key factors in getting your home SOLD for the best price quickly with the least inconvenience. Call any Nothnagle agent or 899-MOVE today! You can also go to Nothnagle.com and our newest site - Nothnagle.tv!
Friday, June 8, 2007
Introducing...Nothnagle.TV! The First Local, Web-Based, Video-On-Demand Channel for Real Estate in the United States
Nothnagle REALTORS, Rochester’s Full Service REALTOR, today announced the launch of their newest innovation, Nothnagle.TV. Nothnagle.TV is a web-based video-on-demand network that showcases every property listed by Nothnagle REALTORS.
In recent years, Internet video services have become a mainstream phenomenon in the United States. Content from dozens of TV networks and major film studios is now routinely offered online. Nothnagle.TV capitalizes on this trend by taking content that is in demand by real estate consumers and making it available on demand via the Internet.
Armand D’Alfonso, Chief Executive Officer of Nothnagle REALTORS, commented, “We are pleased to be the first real estate brokerage in the nation to enable our agents and sellers to leverage this innovative new media format to increase exposure for all of their listings on the Internet, around the clock – and on-demand. We think of Nothnagle.TV as a full blown, locally produced, interactive TV channel delivered free of charge over the web to anyone with an Internet connection.”
Nothnagle REALTORS has successfully used the power of both television and the Internet for years to market properties. Nothnagle's “Sunday Showcase of Homes” television program (which airs Sunday mornings at 10:30 AM on WROC, Channel 8) is consistently the top rated program in its time period, and Nothnagle.com (the company’s website) is consistently one of the area’s most trafficked real estate websites.
According to D’Alfonso, “Nothnagle.TV takes the best aspects of television and the Internet and marries them together, offering viewers a unique, TV-like experience enhanced with choice, control and flexibility. Nothnagle.TV is an unparalleled interactive experience that local real estate consumers will love.”
To watch Nothnagle.TV, simply go to http://www.nothnagle.tv on the web. Programs are conveniently organized by county and area. Nothnagle.TV programs are also being posted to Google Video to gain additional exposure. From Google Video, Nothnagle.TV programs may be downloaded for viewing offline on a home computer (Windows or Mac), video iPod or Sony PSP. Programs can be emailed to a friend or posted to a blog. Nothnagle has even created a podcast for iTunes. Consumers can subscribe for free and synchronize town videos to their iPods to watch them on the go.
In recent years, Internet video services have become a mainstream phenomenon in the United States. Content from dozens of TV networks and major film studios is now routinely offered online. Nothnagle.TV capitalizes on this trend by taking content that is in demand by real estate consumers and making it available on demand via the Internet.
Armand D’Alfonso, Chief Executive Officer of Nothnagle REALTORS, commented, “We are pleased to be the first real estate brokerage in the nation to enable our agents and sellers to leverage this innovative new media format to increase exposure for all of their listings on the Internet, around the clock – and on-demand. We think of Nothnagle.TV as a full blown, locally produced, interactive TV channel delivered free of charge over the web to anyone with an Internet connection.”
Nothnagle REALTORS has successfully used the power of both television and the Internet for years to market properties. Nothnagle's “Sunday Showcase of Homes” television program (which airs Sunday mornings at 10:30 AM on WROC, Channel 8) is consistently the top rated program in its time period, and Nothnagle.com (the company’s website) is consistently one of the area’s most trafficked real estate websites.
According to D’Alfonso, “Nothnagle.TV takes the best aspects of television and the Internet and marries them together, offering viewers a unique, TV-like experience enhanced with choice, control and flexibility. Nothnagle.TV is an unparalleled interactive experience that local real estate consumers will love.”
To watch Nothnagle.TV, simply go to http://www.nothnagle.tv on the web. Programs are conveniently organized by county and area. Nothnagle.TV programs are also being posted to Google Video to gain additional exposure. From Google Video, Nothnagle.TV programs may be downloaded for viewing offline on a home computer (Windows or Mac), video iPod or Sony PSP. Programs can be emailed to a friend or posted to a blog. Nothnagle has even created a podcast for iTunes. Consumers can subscribe for free and synchronize town videos to their iPods to watch them on the go.
Thursday, June 7, 2007
Nothnagle Realtors and Ryan Homes Announce New Partnership
On May 21, 2007 the area’s largest real estate firm, Nothnagle Realtors and the largest new home builder Ryan Homes, began a strategic partnership. Clients of both companies will now enjoy a more seamless transition in the selling of their current home and the building of their new home.
With the Best Agents and Best Website around, Nothnagle Realtors is already Rochester’s choice in real estate. Ryan Homes has recognized the Best and has made Nothnagle Realtors their #1 referral company in real estate. To ease their clients move to their newly built Ryan home easier, Nothnagle Realtors implements state-of-the-art marketing systems and advertising methods.
In addition Nothnagle is offering a unique program called the Nothnagle Equity Advance Program which will offer immediate financing to the Ryan Homes buyer client that uses equity of the home for sale, prior to its sale to aid in the new home’s construction.
“We are very excited about this new partnership”, says John Arquette, General Manager of Nothnagle Realtors. “The synergy we can provide customers of new Ryan Homes will be unparalleled in the industry”. Building on that synergy is a little known coincidence. Both company’s were founded in 1948, Nothnagle Realtors here in Rochester NY and Ryan Homes in Pittsburgh PA.
With the Best Agents and Best Website around, Nothnagle Realtors is already Rochester’s choice in real estate. Ryan Homes has recognized the Best and has made Nothnagle Realtors their #1 referral company in real estate. To ease their clients move to their newly built Ryan home easier, Nothnagle Realtors implements state-of-the-art marketing systems and advertising methods.
In addition Nothnagle is offering a unique program called the Nothnagle Equity Advance Program which will offer immediate financing to the Ryan Homes buyer client that uses equity of the home for sale, prior to its sale to aid in the new home’s construction.
“We are very excited about this new partnership”, says John Arquette, General Manager of Nothnagle Realtors. “The synergy we can provide customers of new Ryan Homes will be unparalleled in the industry”. Building on that synergy is a little known coincidence. Both company’s were founded in 1948, Nothnagle Realtors here in Rochester NY and Ryan Homes in Pittsburgh PA.
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