Aaron Anderson

I'm a:	Real Estate Professional
Company:	Mckoy
Location:	Bronx

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Aaron Anders…'s Answers (3)

The asking price for housed in Brooklyn seems not reasonable compared with what is going on in the whole

Asked Thu May 29 2008, 18:51 by Tony - 11204 - Home Buying - 7 answers

Aaron Anderson answered:

If you are comparing what is going on in the whole country with a zip code or a small area. Then by all means you are comparing apples and oranges. Areas in Brooklyn and New York City are showing gains while comparable areas in other localities are showing big losses.

Compare local prices, within a small radius, that will give you a much better comparison. Better yet contact the local Realtor and he will be able to give you a CMA. - Thu Aug 14 2008, 17:31

Will the mortgage interest rates continue to rise?

Asked Mon Jul 21 2008, 08:19 by Michael - 11204 - Financing - 9 answers

Aaron Anderson answered:

Its very likely rates will continue to rise. It is also likely that in the coming months acquiring financing will become more of challenge. Many bank offered programs are changing or have disappeared. If you are comfortable with the offer, go for it. Start enjoying your new home ASAP. - Thu Aug 14 2008, 17:20

How does it lookto buy in the next 12-18 months?

Asked Thu Jul 26 2007, 13:10 by Vanessa - 11209 - Market Conditions - 6 answers

Aaron Anderson answered:

It’s a good time to buy NOW and in the next 12 – 18 months, if you have the Credit, Income and Assets necessary. It’s a buyers market and any good investment you make now will pay off in the future. In the long term Real Estate is still a solid Investment, The last few years have been rather rough, but this is primarily because of market correction, bad loans and a slowing economy. Traditionally home values have risen more than (6%) six percent annually and on average the value of a home nearly doubles every (10) ten years.

Once we get out of this slump, home values will start showing consistent positive numbers again and you will be wishing you bought now when you could have got a great deal - Thu Aug 14 2008, 17:00

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