Chichi Aguoji - Real Estate

03/13/2023

Take advantage of this once-in-a-lifetime opportunity to own a piece of Hollywood glamour by the very desirable neighborhood of Oakwood Heights!! This exquisite co-op complex was once home to not one, but TWO legendary icons: Dick Clark and Fred Astaire, and now you can experience the same elegance and sophistication that they enjoyed!!

01/31/2023

to this single-level in Cocke County, TN!

At 1800 sqft this 3BR, 2BA home comes with a new HVAC system, a soaker tub and a pool.

Located only a short drive to Asheville, NC or Knoxville, TN, Cocke County is one of the Top 50 counties in Tennessee by population.

The town offers INCREDIBLE views, whitewater rafting, fishing, access to wildlife, and of course the ability to hike the Great smoky mountains or the Appalachian trail.

Photos c/o: Rachel Orlando
Price: 207K
Specs: 3BR 2BA

01/30/2023

There’s been a lot in the news recently about declining home sales over the past year. But it’s important to look beyond the headlines and keep context in mind. According to data from NAR, over 4 million homes sold last year. And if you do the math, that means over 11,000 still sold each day. Reach out to me to learn more about the activity in our local market right now.

Email: [email protected]

01/30/2023

This one feels extra special.

Helping my good friend's parents purchase a in Maryland.

01/25/2023

Every homeowner should be paying attention to the development of 3D printed homes.

Because as the technology improves...it might lead to a fall in home prices.

A team of designers and engineers are constructing a first-of-its-kind 3D-printed home. They think of it as a pilot project in pursuit of building cheaper, well-designed multifamily homes.

01/24/2023

to this spacious 2BR Coop with ample living space for you, family, friends and guests!

Located in NYC's District 26, Alley Pond is a 35-acre cooperative development in the Oakland gardens section of Bayside, Queens.

Close to Alley Pond Nature Preserve and Hiking Trail, the apartment not only comes with parking but also includes most utilities in the monthly HOA such as: hot water, heat, cooking gas and pet fees.

Alley Pond is a bit of a transportation hub as it allows you quick access to all that NYC has to offer. Get to Manhattan, Flushing and Elmhurst via bus or subway in under 30 mins and/or access the Bronx or Long Island via the Grand Central Parkway, Clearview Expressway or Long Island Expressway in under an hour.

Price: 349K
Specs: 2BR 1BA
HOA: $950
C/O: Leah Ferster

01/23/2023

More than 50% of home pricing experts forecast an overall decline in 2023 home prices.

So which is it? Will prices go up in 2023 or will they go down?

Truth is no one has a magic 8-ball to predict the future, but what we are equipped to do is provide you with a summary of how the market is performing right now.

For a custom analysis on how home prices in your area are trending right now, reach out to me today.

01/19/2023

Securing a low mortgage interest rate helps make your monthly payment more affordable and saves money over the life of your loan. Besides using a larger down payment, here are FIVE things to do to secure a low mortgage interest rate:

1. First, research and reach out to mortgage brokers. Note that I didn't say bank.
This is because while a bank's main line of business is to receive deposits and make loans, a mortgage broker's main line of business is to present mortgages with the most competitive rates.

2. Work on your credit. Review your credit report to start working on any issues you may have. The higher your credit score, the better a prospect for a lender you will become. Lenders will review the various loan programs with you.

3. Compare multiple lenders and meet with your top three. Different lenders will have different terms, talk with at least 3 to understand their terms then move forward with the lender that offers you the best terms.

4. Look into various grants and/or programs that offer below market interest loans. There are many out there such as: , or .

5. Get creative with your financing options. Look for opportunities where the seller is willing to finance the property. Securing a loan from the seller instead of a bank will most likely result in a below market interest rate.

01/12/2023

2023 Housing Market Forecast.

While this is a national forecast, the comments will hold true for most local markets.

For a more nuanced analysis of your local NYC real estate market, feel free to reach out to me.

Happy to assist.

01/10/2023

to...this beautiful ranch-style home in Clarksville, Tennessee!

Newly constructed in 2021 the home comes with ample living room space, separate dining area, corner fireplace and vaulted ceilings. Plus a HUGE backyard for entertaining and/or pets.

Clarksville is quickly becoming a popular destination for retirees. Located, only 40 minutes from Nashville, the town was named the BEST place to live in America by Money Magazine in 2019.

There's plenty of unique things to do in Clarksville including watching the Clarksville Christmas Parade, attending the Clarksville Film Festival or paying a visit to the Dunbar Cave Park (a pre-historic Native American cave art site with art dating back to the 14th century).

For more info covering the pros/cons of retiring to Tennessee, check out my latest YouTube video, .

Photos c/o Malcolm Miles

Specs:
BD/BA: 3BD 2BA
Price: 265K
Sqft: 1300

01/09/2023

Real Estate is the I.D.E.A.L investment given that it either builds/allows for:

I - Income - A real estate purchase allows you to earn/create a regular income stream which can be considered 'active income' if you manage the property yourself or 'passive income' if you outsource certain duties and responsibilities.

D - Depreciation - The IRS allows you to depreciate the cost of real estate over time. With straight-line depreciation you're able to get tax write-offs in the 000s each year. And with accelerated cost-segregated depreciation you're able to get tax write-offs in the 000,000s each year. (Not kidding)

E - Equity - Real Estate allows you to build equity which you can access/pull out through a Home Equity loan or by refinancing if you need the money for an emergency.

A - Appreciation - Due to supply and demand, property values appreciate over time and this appreciation also works to increase your equity.

L - Leverage - No other investment allows you to contribute as little as 3% to gain complete, controlling interest of that investment. The stock market gives you a 1:1 ratio in terms of what you invest and what you control, ie when you purchase a stock for $1, you control a $1's worth of interest in that company. However, with real estate, when you put down $30K (3%) you can gain FULL, complete, controlling (100%) interest of that $1M property due to leverage.

Do you agree or disagree?

01/05/2023

This is often a question seniors looking to downsize have. Well a few options exist:

1. HECM - Home Equity Conversion Mortgages otherwise known as HECMs or reverse mortgages, enable individuals 62 or older to use the equity from their current home to purchase a new home.

2. HELOC - Home Equity Line of Credit. Like a credit card except you draw down on your equity.

3. Borrowing from retirement account - It's an option, but I wouldn't recommend it.

4. Bridge loans - They're not as prevalent in the greater NYC area but if you're moving out of state more banks are open to the idea of using the equity in your current home to secure a 'bridge loan' which helps you with the down payment needed to purchase and obtain a mortgage for the new home. Bridge loan payments do not start until you're in the new home, ensuring you only pay ONE mortgage at a time. Once a mortgage for home #2 is obtained, those funds are then used to pay off the 'bridge loan'.