Is Now The Right Time To Sell Your Home?

Now may be the right time to consider making the move. Some homeowners have been waiting for years for a better housing market and a good time to sell. Is it better to wait a few more years gambling on if the market will move higher vs continuing to ride the market down. For many sellers finding the right home and lifestyle today outweights playing the odds while living in a home that not right for their current situation. We are frequently asked this time of year by sellers if they should wait for the Spring to list their home.  Based on our experience and MLS sales data, now is the best time to sell and Jonathan J. Miller, the president of the appraisal firm Miller Samuel agrees. In a survey done by Miller Samules the results indicated that the best time to list a home is ?at the tail end of winter, just before the spring sales rush.? On Long Island listings introduced in March sell the fastest, and sell for 1.4 percent closer to their original listing price. 20 percent fewer listings are added in winter than spring. As a result, if you have a really pretty house, it gets snapped up right away. They buy it faster; they pay more money.? Todays historically low interest rates give buyers more buying power today then any time in the last several decades. Buyers are out looking for clean homes that are priced at market value, and the low interest rates are making homes more affordable for them. We see sellers who are sitting on the fence waiting for the market to come back to 2008 numbers. That?s highly unlikely and the reality is prices are still declining and the taxes and carrying costs of owning a home keep rising. This is eating away at peoples nest egg, and keeping them in a home that is no longer right for their current needs. Long Island home owners who were considering selling this time last year and didn?t, lost on average over $22,000 of equity in their home based on the latest sales figures. Long Island like the rest of the country grappled with unemployment, tight credit and distressed real estate putting downward pressure on home prices. This trend could continue for several more years to come. If you decide to move we will help you with the emotions of selling, and allow you to maintain control of your schedule without pressure during the transition. Let us give you a no obligation evaluation of your current homes value and your new lifestyle options. Contact Melanie Mazzeo or Gary Baumann at: 631-858-2439 or email: melanie.mazzeo@elliman.com.

Long Islands North Shore

The North Shore of Long Island is the area along Long Island’s northern coast, bordering Long Island Sound. The region has long been the most affluent on Long Island, as well as the most affluent in the New York metropolitan area, which has earned it the nickname “the Gold Coast.” Though some consider the North Shore to include parts of Queens, particularly the quasi-suburban northeastern neighborhoods such as Douglaston, the term is generally used to refer to the Long Island coastline in the towns of North Hempstead, Oyster Bay, and Huntington, in Nassau and Suffolk County.

Being a terminal moraine of the Wisconsin glaciation, the North Shore is hilly, and its beaches are more rocky than those on the flat, sandy outwash plain of the south shore.

For More Information Long Island North Shore 

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Long Island 55+ Community Guide And Brochure

Click Here For A Free 55+ Community Brochure & Guide.

Discovering the nest egg is shrinking, some intrepid retirees have concluded the best path is bail from the nest.

Even if home prices aren’t encouraging, many Long Islanders are finding the time is right to trade the big house with its maintenance, high tax and utility bills for a more manageable, affordable home that fits their lifestyle – on or off Long Island.

Median home sale prices dropped from $490,000 in Nassau County in July 2006 to $423,000 in July 2011, and from $410,000 to $321,000 in Suffolk County over that span, it’s not a bad time for retirees or those approaching retirement to sell.

“Capital gains taxes are at historic lows,” said Harvey Susnick, a partner in the Jericho office of the accounting firm Berdon. Currently, there’s a $500,000 exclusion for a married couple and a $250,000 exclusion for individuals, and after the exclusion, the federal capital gains tax is just 15 percent.

The high exclusion and low taxes are particularly important for homeowners who have had their home for decades. “There are people who bought their house 30 years ago for $70,000 and now it’s worth $800,000,” Susnick said.

For capital gains tax purposes, homeowners can deduct what they paid for capital improvements. “If you have been in a house for 30 years, chances are you have made improvements like finishing the basement, redoing the kitchen or adding rooms,” said Susnick, who noted the real estate commission from the sale is deducted from the capital gain, as well.

We have so many beautiful 55+ Communities all across Long Island.  New Construction In St. James starting at $299,000 with very low maintenance fees and taxes.  The Greens In Melville Offers A Luxury Lifestyle With Low Taxes on the Nassau/Suffolk border.  The amount of money you will be saving by moving into one of the communities will make up for the decline in the market.  We have watched taxes increase while property values decrease over the past few years.  Now is the time to make the decision!

Contact Melanie Mazzeo & Gary Baumann Of Prudential Douglas Elliman For Additional Information Or A Tour Of One Of Our 55+ Communities.  631-858-2439

Gary Baumman & Melanie Mazzeo Are Senior Specialists, SRES

2nd Annual Huntington Holiday Parade & Street Festival

Looking for a great way to kick-start the holiday season?  Join us for the second annual Holiday Parade in Huntington Village Saturday, November 26th starting at 6:30!

The parade  route has been extended along Main Street to West Neck Road. The holiday trees on the Village Green  and at  Town Hall will be lit simultaneously, as they were last year.

The town will close Wall Street  to traffic from Main Street  to Gerard Street until 9 p.m. for  the festival, which will include performances  from many local groups  and promotions from local merchants.

Moonjumpers Charity Foundation will be on the Hicksville Spring & Break Float with Peter Mazzeo & The Hits Squad playing all the local’s favorites!

The parade and festival are sponsored by the town, the Huntington   Village and Huntington Station Business Improvement Districts, the Huntington Chamber of Commerce, the Huntington Manor fire Department and the Huntington Chiefs’ Council.

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Welcome To The Highlands At Aquebogue

LUXURY                                         IS WITHIN                                         REACH The Highlands represents a new level of luxury at an unexpected value. Reminiscent of traditional New England coastal homes each design also takes into account modern lifestyles. Many homes feature open floor plans, light filled rooms, elegant bathrooms and state-of-the-art appliances. With five custom models to choose from The Highlands has been planned to fully accommodate singles, young families and mature adults. And with scheduled landscape maintenance your choice will work equally well as a year-round or seasonal residence. Amenities Include: Private Club House, Pool, Tennis, & On Going Property Maintenance. Nearby Golf Courses Long Island National Indian Island Cherry Creek Nearby Wineries Bedell Cellars Pindar Vineyards Martha Clara 6 Different Models To Choose From. Browse through our collection. There’s something right for you. Melanie Mazzeo & Gary Baumann Are Realtors With Prudential Douglas Elliman.  For Additional Options and Information Please Visit Our Site http://www.longislandhomeandcondo.com/ . This slideshow requires JavaScript.

The Greens At Half Hollow 55+ Community

Welcome To The Greens At Half Hollow In Melville NY Combining the finest condominiums, townhouses, and golf villas within the setting of an exclusive private country club, this extraordinary residential enclave offers unparalleled indulgence right in your own backyard. 400 rolling picturesque acres, opportunities for play and relaxation are abundant, whether in your own exquisite home or the spectacular 30,000 Square foot Clubhouse. Amenities include indoor and outdoor pools, tennis, fitness center, activities director, restaurant and more. The 18-hole “The Greens at Half Hollow” course at the The Greens At Half Hollow facility in Melville, New York features 4,100 yards of golf from the longest tees for a par of 60 . The course rating is 59.5 and it has a slope rating of 97.  Designed by Buddy Johnson/Steve Kaplan, the The Greens at Half Hollow golf course opened in 2003. Tom Baird manages the course as the General Manager. For Additional Information Or A tour Of The Greens Please Call Your Senior Specialists Gary Baumman & Melanie Mazzeo 631-858-2439 Visit Us At:  http://www.longislandhomeandcondo.com/

The Villas At Harts Cove-Waterfront Condo Living With Boat Slip

Welcome To The Villas At Harts Cove In East Moriches

Enjoy Magnificent Views Of Harts Cove On Moriches Bay & Dune Road.  Luxury Amenities Include: Gated Community, Boat Slip For 25 Foot Boat, Tennis, Pool, And Club House .

Minutes From Westhampton’s Beaches & Nightlife!

For Additional Information On This Community or Our Many Other Features Condo/55+ Community Please Visit Us At http://www.longislandhomeandcondo.com/

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Melanie Mazzeo & Gary Baumman Specialize In Condo & 55+ Communities On Long Island.  You can Reach Us At 631-858-2439 Prudential Douglas Elliman