Hudson Valley Musing

Speechless Sunday |Misty Morning

Sun, 05 Feb 2012 23:38:58 -0500

Misty Morning

I was on my way to put signs up on a parcel of land I had listed when I ran across the morning mist. There is always something intriguing about going through the mist, and down this country road there was much to see. When I came to this barn with the beautiful landscape behind it I just had to stop and take a shot, this was my favorite scene of that misty morning.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Emergency care in Hyde Park NY

Thu, 02 Feb 2012 23:30:42 -0500

There are no hospitals in Hyde Park NY, however there are two hospitals in nearby Poughkeepsie. Emergency One at Hyde Park does offer emergency care to the community.

This faciltity offers a variety of services such as: emergency care for minor injuries or illnesses, injury prevention classes for companies to show employees how to prevent injuries; as well as an Employee assistance program.

Location - 4250 Albany Post Road, Hyde Park NY 12538

Contact - 845-229-2602

Available - Mon-Fri 8:00AM - 8:00 PM Sat-Sun 8:00 AM -4:00 PM

unavailable Christmas, New Years and Thanksgiving.

Coverage - Accept most insurance

For minor injuries and illnesses this might be a cheaper alternative than the emergency room and also free up the emergency room for more urgent care.

This is informational only. Always do your homework when seeking any type of services.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Wordless Wednesday| What happened to winter?

Wed, 01 Feb 2012 23:58:49 -0500

What happened to winter? Today it was in the 50's and many of us ditched the coats. It was such a pleasant day to tour some of the new homes on the marke,t and the listing agents were also happy to see us because this time of year attendance is not that great.

So winter seem like a distance memory but having taken many photographs of winter I can always get a quick reminder of the way things could be.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Speechless Sunday| How I long for the good old days

Sun, 29 Jan 2012 11:51:36 -0500

Speechless Sunday| How I long for the good old days

For years I have passed this Hudson NY old brick house, I knew it was old by the type of brick as well as the old tin roof. I suspect in the good old days it was probably th residence of someone with a bit of money. Okay I don't know the real story I just made that up :)

What I do know is that it was there before the cement factory. To the left of the house is an overpass which went directly to the cement factory, however, once the factory came about the old brick house no longer serviced the purpose of a residence.

This home certainly long for the good old days.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Tips to help you escape a winter fire

Fri, 27 Jan 2012 23:37:31 -0500

Tips to help you escape a winter fire

Winter fires are a common occurrence. This year we have heard of several horrific house fires. So what steps can you take to escape a winter fire?

It would be best not to have the fire in the first place, but accidents do happen, so it be wise to be prepared just in case.

Install smoke detectors so you would be alerted of a fire, and have time to escape.

Avoid clutter in the house especially in hallways and in front of windows and doors.

If you live in a two story house or higher make sure to get a personal fire escape ladders, you can pick one up for less than $30.

Importantly cover what to do in case of a fire with the family. A family fire drill might be a good idea.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Wordless Wednesday|All alone

Wed, 25 Jan 2012 18:19:47 -0500

Wordless Wednesday|All Alone

I saw this silo on my way back from a closing yesterday, and it got my attention because it was all alone in a field. I suspect at one time it was once surrounded by other buildings, and grains and feed was stored there.

Now it stands all alone in this field with just weeds, and invasive vines around.

Hopefully in business you are not standing alone but rather surrounding yourself with a network. I suspect for members of ActiveRain standing alone is not an option.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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700 Route 10 Germantown NY

Wed, 25 Jan 2012 08:58:16 -0500

Just Sold 700 Route 10 Germantown NY.

This 3 bedroom home is located on a quiet country road. The large porch will be a place the new owner will sit back and relax , read a book, and enjoy nature.

You just never know what feature will attract a buyer, in this case it was the claw foot tub and the rest of the house met the other needs.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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9 Elizabeth Drive Tivoli NY

Sat, 21 Jan 2012 23:59:18 -0500

Tivoli NY Real Estate - Just Sold 9 Elizabeth Drive unit 57D listed and sold by Jennifer Fivelsdal of JFIVE Homes Realty LLC on January 18th.

This was a 2 bedroom end unit on the first floor. The unit came with an assigned garage and an enclosed porch facing the woods.

The nice thing about this complex is that it is within walking distance to the center of the village where you will find several restaurants.

Easy walk down to the Hudson River or The Clermont State Park.

The buyer was delighted to find this nice unit. And sellers

happy to find their next home.

Thinking of Selling your home in Tivoli or the Mid Hudson area, then give me a call.

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Mortgages: Why is the rate advertised always different than the rate I get?

Mon, 16 Jan 2012 08:36:32 -0500

Nevin Williams provided one of the best explanation I have ran across regarding mortgage rates and why most people don't get the advertised rate.

If you are thinking of purchasing a home this is a must read.

Via Nevin Williams, San Diego's best mortgage pro! (First Priority Financial, San Diego jumbo & conventional ):

Why is the rate I see advertised always different than the rate I get?

You really didn't think you were actually going to get that rate did you?

Best way to start this conversation is by telling you that companies want to advertise their absolute lowest rate. The rate advertised is available however few people meet the minimum requirements to get that low rate. 12 day lock period, 60%LTV 760 FICO score etc.

You should also know that no two borrowers are alike.   If your neighbor got a higher rate than you it doesn't necessarily mean he got a bad deal. Several factors are considered when determining what you get as a final interest rate. We call these factors: Risk based adjustments. These adjustments are made based on the amount of risk that is being taken by the lender.

The most common risk based adjustments are:

Loan to value

Debt to Income Ratio

Credit Score

State the property is located

Loan amount

Combined Loan to Value

Escrow waiver

Lock period

Cash out

All of these will either raise or lower the cost of your loan.

*Your neighbor may have had a high debt to income ratio whereas yours was low so that could have raised his interest rate even though you both may have the same credit rating.

Here is an example of what adjustments look like on a mortgage rate sheet

The word Agency means Fannie Mae and Freddie Mac. These are the companies aka "GSE's" that buy the loan from your bank. They impose many of the adjustments you see and end up paying for.

The numbers to the right are what we call "pricing" adjustments, meaning the rate can remain the same but it will cost the customer more or less money to get it.

The numbers you see are in percentages. Example: .125 means a cost of .125% of the loan amount. A minus sign in front of the number means a credit, so -.125 means a credit back to the borrower of .125%.

Example:

$200,000 loan amount .125% would be $250 cost to the borrower and -.125 would be a credit of $250 to the borrower to get the quoted interest rate.

If you have a lot of these adjustments it will push the cost of the rate you are targeting higher or lower.

Lastly, you need to know that rates do not remain the same. They can and often do change throughout the day. It is not uncommon to have rates change more than once during a workday. This adds to the reasons why the rate advertised may not be what you get.

Click on video below to understand how rates change. Click here to contact me with any questions.

How to Shop Mortgage Rates

View this in 1080 HD by clicking next to "CC" at bottom

North County

*1902 Wright St 2nd floor Carlsbad CA 92008

New Office!

5360 Jackson Drive #220 La Mesa CA 91942

Nevin Williams NMLS #69651

*Not a licensed office location

Fast - efficient - competitive

www.SanDiegoHomeAndLoan.Info

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Speechless Sunday|The Outhouse

Sun, 15 Jan 2012 23:45:20 -0500

Living in the Hudson Valley I run across buildings from other periods. Over the years of have seen a variety of outhouses. Some were ornate and other were just plain.

The one in the photography was on the grounds of Cedar Grove one of the many Historic sites to be found in the area. I must say the colors certainly make you take a second look,

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Red Hook Real Estate Market Report For December 2011

Sat, 14 Jan 2012 16:43:57 -0500

The Red Hook real estate market in December 2011 did not sustain the momentum from November when there were 11 single family detached homes sold; instead, only two homes sold.

How did the market fare when compared to 2010? Well in Red Hook in December 2010 twice the number of homes sold and at a higher price range $201,100-$999,999 versus $249,000 - $350,000.

If you are looking to buy are sell real estate in 2012 make it a goal to choose professional help. With the challenges presented in the market you need to do now more than ever.

Please visit the Bicentennial Website for upcoming events and new videos http://www.redhook200.org/

Single Family detached market report for

Red Hook NY in December 2011

Active 5 Offer 1 Average List $406,980 Average List $349,000 Average DOM 28 Average DOM 213 Average SQFT 2557 Average SQFT 3500 Average $/SQFT $159 Average $/SQFT $ 100

Contract 2 Sold 2 Average List $422,000 Average List 299,500 Average DOM 3262 Average DOM 54 Average SQFT 129 Average SQFT 3002 Average $/SQFT $147 Average $/SQFT

100

Average Sold $299,500 $/SQFT $100

Red Hook homes sale for December 2011

Address Price Manor Road $249,000 Turkey Hill Road $350,00

Single Family detached market report for the

Village of Red Hook NY in December 2011

Offer CS 1 Contract 1 Average List $289,000 Average List $259,000 Average DOM 20 Average Dom 93 Average SQFT 1542 Average SQFT 1592 Average $/SQFT $187 Average $/SQFT $163

Data to compile report came from the Mid Hudson MLS Services

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Rhinebeck and Village of Rhinebeck NY Real Estate Market Report for December 2011

Sat, 14 Jan 2012 09:34:37 -0500

In Rhinebeck during December 2011 7 single family homes sold, the same number sold in Rhinebeck during December 2010 . The range of homes sold this year was: $105,000-$675,000 while in 2010 it was $339,000-$1,525,000.

The average price of the home sold was: $302,500 in the town and $257,000 in the village. In 2010 the average price was much higher; $720,780 in the town and $422,000 in the village.

Now that 2011 has ended it was reported that 51 single family homes listed on the Mid Hudson MLS sold in 2011. 35 of these homes were in the town and 16 in the village.

If you are planning to sell your home in 2012 make sure it is price competitively, there is no room for testing the market.

Rhinebeck NY Market Report For Single Family homes December 2011

Active 6 Contract 1 Average List $381,983 Average List $255,000 Average DOM 26 Average DOM 212 Average SQFT 1837 Average SQFT 2488 Average $/SQFT $208 Average$/SQFT $102

Sold 5 Average List $340,860 Average DOM 171 Average SQFT 2433 Average $/SQFT $141 Average Sold $302,500 Average$/SQFT $125

Town of Rhinebeck NY - December 2011 Home Sales

ADDRESS PRICE Route 308 $ 105,000 Route 9G $ 143,000 Mill Road $ 282,000 Haggerty Hill Road $ 307,500 Old Post Road $ 675,000

Village of Rhinebeck NY Market Report - December 2011

Sold 2 Average List $277,000 Average DOM 91 Average SQFT 1708 Average $/SQFT $162 Average Sold $257,000 Average$/SQFT $150

Village of Rhinebeck NY December 2011 home sales

ADDRESS PRICE North Parsonage $ 254,000 Crowell Ave $ 260,000

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Hyde Park Real Estate Market Report December 2011

Fri, 13 Jan 2012 23:58:46 -0500

Hyde Park NY market Report

In December in Hyde Park 8 single family homes sold with a price range of $75,000 - $420,000 and an average sale price of $183,925.

During 2011 88 single family homes sold in Hyde Park according to a report from the Mid Hudson Valley Listing Services. The average selling price for the year was $217,446 and a median of $189,500.

Bales of Hay in front of FDR Library in Hyde Park NY

Hyde Park Single Family Detached Homes Market Report December 2011

Active 8 Offer 1 Average List $587,416 Average List $174,900 Average DOM 33 Average DOM 183 Average SQFT 2409 Average SQFT 1516 Average$/SQFT $244 Average$/SQFT $115

Offer CS 2 Contract
3 Average List $ 179,500 Average List $177,400 Average DOM 180 Average DOM 182 Average SQFT 2201 Average SQFT 1768 Average$/SQFT $82 Average$/SQFT $100

Sold 8
Average List $ 203,725 Average DOM 163 Average SQFT 1937 Average$/SQFT $105 Average Sold $ 183,925 Average $/SQFT $95

Address Price W Dorsey Lane $75,000 South Quaker $129,900 Thurston Lane $130,000 Bircher Ave $153,500 Mulford $170,000 Terwilliger $179,000 Roosevelt $214,000 Sodom/Ruskey $420,000

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Dutchess County Real Estate Market Report December 2011

Wed, 11 Jan 2012 23:44:22 -0500

The number of single family detached homes sold in Dutchess County in December 2011 was 112 which was 12 less than the same time last year. Average price fell 13.4 percent and median 13.1 percent; the comparison to last year is noted in the chart below.

What is the average time on the market for Dutchess County single family homes? 152 days which is 6 more than same time last year. The inventory fell 6.6 percent and the absorption rate fell by 2 months from last month, but we are still in an entrenched buyer's market.

Keep in mind that although it is a buyer's market there are still properties that will get multiple offers and will do so in just a few days.

Sellers your competition is not just another resale put also the distressed market which consist of the short sales and foreclosures. These properties are more aggressively priced therefore you do need to pay close attention to pricing the home to sell from the get go.

The graph below will give you a picture of the rise and fall of the market from December 2003-2011.

Is the market picking up? that is a frequently asked questioned. I personally saw more buyers out looking at homes in the last 2 months of the year and I heard the same thing from other agents, so I am hoping we will see great numbers in January.

Usually in the winter things slow down but with the weather staying warmer and the lack of snow that is probably one reason some decided to get a headstart on buying a house. So sellers instead of waiting for spring when the competition heats up now would be a good time to get your home on the market.

Single Family Detached Homes Sales in Dutchess County in December 2011

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Month DEC 10 $328,799 $290,000 124 146 2025 16.33 121 NOV 11 $284,646 $237,750 108 160 2037 18.86 114 DEC 11 $284,794 $252,000 112 152 1892 16.89 121

The condo/townhouse market in Dutchess County during December 2011 ended on a high note. There was a 24 percent increase over same time last year, that is, 6 more units sold.

It was also good to see the average price increased by 14.8 percent to $207,990 and the median by 18.5 percent to $171,000.

Once gain the charts and graphs below provides a more detailed picture of the market.

Condos And Townhouses Report For December 2011

Year Average Price Median Price # of Sales DOM

Inventory

Absorption Rate Purchase offer 1st of Month

DEC 10

$181,234 $144,250 25 138 432 17.28 32 NOV 11 $147,444 $124,250 18 182 423 23.50 15 DEC 11 $207,990 $171,000 31 147 403 13.00 20

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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Neither hailstorm or hurricane can stop me from finding the right house

Fri, 06 Jan 2012 23:47:08 -0500

Neither hailstorm or hurricane could stop us from finding the right house

We started the home search in a hailstorm, trapped in the car waiting for the winds to die down, almost got crushed by a branch. Then came the hurricane and flooding.

The house the buyers fell in love with just was not going to make it through the process. So we started all over again and kept things positive, and finally things came together.

How happy the buyers were to close right at the end of December, now they are busy transforming this space into their own.

Are you looking for your first home? As you can see nothing will stop me from helping you achieve that goal CALL NOW 845-758-6842

Jennifer Fivelsdal - JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com

www.jfivehomes.com or www.midhudsonhomevalue.com

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