Is it a matter of time? With the proposed Morris Park Metro North Train Station, the surge in property values in Manhattan, Brooklyn and Queens as well as the shortage of apartment, is Morris Park in a position to benefit from rising property values and benefit from its own surge in property values?Richard Greco of Richard Greco Appraisals and owner of Richard Greco Real Estate, a Morris Park Real Estate Brokerage Service say YES.Simply put, there isn't any more property to develop, the only solution is the purchase of older, non-land mark properties, demolition and build new. Fact is, older homes too will benefit from the demand of reasonably priced homes that are in reach of Middle Class Americans and Morris Parkites.
As an Appraiser, Richard Greco can tell you that atypical 1920 two family home on a 25 x 100 lot in Astoria, Flushing, Crown Heights Brooklyn can command a price of $900,000 to 1.4 Million dollars.The same home in The Bronx command a sales price of $450,000 to $550,000 practically one half of it counter part in Queens and Brooklyn.
How long will it take for the prices in the Bronx to match the prices in Queens and Brooklyn? That may never happen. However, as long as prices continue to rise and supply is low and demand is high, Queens and Brooklyn home prices will continue to surge and so will the prices of homes in the Bronx.The question now arises. Should you sell or hold on to the property pending the completion of the Metro North Train Station. Of course that depends on your financial condition.Richard Greco, as a Morris Park Real Property Investor can tell you that he will hold onto his Realty Holdings.
To find out what your property is worth now, call Richard Greco at 718-518-8588.
Has your home been appraised only for you to discover the value came in short of the contract sales price or your anticipated for you to successfully refinance your home, condo or coop?
If so, and you have been advised by the lender that you haven't any recourse, then you were given wrong information.Fact is, you can challenge the value rendered of your property. In addition, a Federal Law known as Dodd-Frank allows you to order your own appraisal and the lender must notify you of this fact at the time of application.Want to challenge the appraised value of your home, condo or coop?
For further details, feel free to browse our wen site or call us direct at:
RICHARD GRECO APPRAISALS, INC 718-518-8588New York State Certified Real Estate Appraisers
NEED AN APPRAISAL?CallRichard Greco Appraisals, Inc.New York State Certified Real Estate Appraiser
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RICHARD GRECO APPRAISALS is pleased to announce the formation of Richard Greco Real Estate Services as outlined as follows:
Observe as this web site, enhanced with prime properties located in the Bronx and Westchester County unfolds.
are presenting to you, the best of the best. From Indian Village
located in the Morris Park section of The Bronx, to the elegant homes of
Pelham Manor, Scarsdale, Bronxville, New Rochelle, Cross River,
LOOKING FOR A HOME. Then give Richard Greco Real Estate a call at 718-518-8588.
offer to our clients a full service brokerage firm which includes
sales, New York State and Connecticut Certified State Appraisal
Services, Full Cellar to Roof Home Inspections, Full Service Property
Management including Tenant Background Screening, Eviction Services.
For a confidential interview call our 718-518-8588. Property taxes too
high? Inquire about our property tax review and appraisal service.
Our sister website is www.richardgrecorealestate.com
Please watch as our fully enhanced real property service division grows. We look forward to being of service to you.
Watch for our investment properties soon to be posted on our web site at www.richardgrecorealestate.com
Need an Appraisal: CALL 718-518-8588
Need an Investment Property: CALL 718-8588
Looking for a Home in 10462, 10461, 10803 or any other area in The Bronx or Westchester County? Call 718-518-8588
Looking forward to assisting you.
Dear Property Owners. Don't short change your home equity. If you have financial difficulty in making your mortgage payment, everyone will come out of the wood work and make you offers "you can't refuse." Don't short change the value of your property. Before making any deal with anyone have your property appraised to determine it's market value as of the date of the appraisal. Not a past date, not a future date. But the day of the appraisal inspection. Should your property go into pre-foreclosure, have it appraused as soon as possible. There may be enough equity in your home to offset your mortgage balance. Depend on no one but your self valuation education. Protect yourself, get a Certified Real Estate Appraisal. Do not settle for a Brokers Price Opinion (BPO) or an Automated Appraisal. Do not be fooled into thinking your property is worth less that it really may be.
For further information on how we can assist you in recovering your rightful equity of your property call RICHARD GRECO APPRAISALS at 718-518-8588.