If you are one of my investor clients you know rents have been going up for sometime. The credit crunch bumped many potential buyers back to renters and spurred rental demand in my opinion. On top of this, we are starting to see more and more "renters by choice". These are a few of the factors working to increase rents in the Albany area. According to a report released by Sunrise Management and Consulting in Latham, the asking rental rates at major apartment complexes have increased 12.5% on average over the past three years to $900/month. I continue to see quality multi family homes sell quickly and be in demand, particularly from downstate investors. If you are interested in creating a passive income using real estate call me to discuss the possibilities.
Fannie and Freddie Mac have announced that they will put a hold foreclosures proceedings for homeowners from 11/26/08 until 1/9/2009. This will will give many local homeowner's locally one less thing to worry about during a season that probably won't be that festive. If you are facing foreclosure in the Albany NY market call me. I can help. You have many, many, options other then Foreclosures. Ask me about a short sale. Ask me about my investors that will buy your home for cash. I can help! Looking to buy a foreclosed property? Visit me online at Albany NY Foreclosures
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com
Be sure to check out this month's Newsletter, click here
To Search Thousands of MLS listed homes, click here
To see Kevin's Bio, click here
To see Hot Listings, click here
For Buyer's Articles, click here
For Seller's Articles, click here
The Bond market provided an early Christmas present to real estate particpants this week with significant drops in Mortgage interest rates. This makes Black Friday a great day to shop for real estate as well all your Christmas presents. My last check of rates with local mortgage brokers pegged a 30 year fixed as low as 5.37% and the 15 year fixed was obtainable at one point as low as 4.87%. Effectively this just lowered your payments or increased the amounty of home you can afford. To take full advantage of the rate drop call me to discuss you buying options and situation. You can also visit me online anytime at Albany NY Real Estate and Homes for sale!
I was going through some files today and found a piece of letterhead from a business my dad ran over 30 years ago and it really made me start thinking. My dad was a serial entrepreneur and ran a variety of businesses when he returned from the war. This included a book publishing and binding company as well as a travel agency. The travel agency became his pride and joy and he successfully sold it in the late 80's when he retired. However, I really started to think about what would have happened to the travel business had he not gotten out when he did. The Internet for the most part with Travelocity,Expedia, and various other sites has really decimated the Travel agency ranks. Technology is evolving in all businesses and is a double edged sword in many cases. Yes, it makes you more efficient in most cases but it can also make you obsolete. I remember watching an interview on CNBC years ago with the CEO of Kodak. The CEO was being interviewed and stated he had not seen an impact from digital photography and didn't expect to see one for many years to come. Having been an early adapter of digital photography for my appraisal business I was stunned by his comments. Well the rest as you know is history. I am not sure how much film Kodak is selling these days but I can tell you it a fraction of what they were selling and processing just a few years ago.
So it really got me thinking about real estate. Will the Internet make Realtors obsolete long term? I often hear Realtors talking with a ton of arrogance about what they do. You would think we are brain surgeons the way some agents talk. This attitude is destined to make many Realtors dinosaurs! Those of you that know me know I am insane and I mean absolutely insane about my business. I don't like to lose. I lay awake at night thinking of ways to add value to transactions for my clients and create a sustainable competitive advantage for my company. I think the short answer is that as long as Realtors continue to add value to a transaction there will be a need for them. Sure you can download contracts, get a value estimate, etc on line and try to sell your home yourself. However, on average For sale by owners still list with a Realtor in about 30 days. Right now there is still no replacement for experience. Real estate remains a complex business and after 17 years I still learn something new everyday! My past experience saves clients time and money everyday. So no I don't think I will be replaced by the Internet in the near future but I am looking over my shoulder!
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com
Be sure to check out this month's Newsletter, click here
To Search Thousands of MLS listed homes, click here
To see Kevin's Bio, click here
To see Hot Listings, click here
For Buyer's Articles, click here
For Seller's Articles, click here
I often hear complaints about the real estate market and housing quality in Albany, NY in general. I recently had the pleasure of having lunch with a typical Chinese couple in Bejiing. The housing was state owned and the couple had reportedly lived their for over 25 years and raised a son in the home. The property was probably 500 s.f. at most, had one bedroom, and no bathroom. Think you have it bad? Try China! The following photos are of me and the couple as well as their accomodations. Bottomline- in 17 years in real estate I have never ever sold anything even remotely close to the low quality of living in China! Yeah I know China is an emerging third world country and of course their standard of living is lower. However, If you listen to tenants or first time home buyers in Albany many make it sound like they are buying third world housing! Not true! Check the photos! Be thankful you live in the USA! No I am not a giant! I am 5' 9". I left the photos full size to provide more detail. The meal at this home was probably one of the best I had in China. Chopsticks still took me a while!
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com
Be sure to check out this month's Newsletter, click here
To Search Thousands of MLS listed homes, click here
To see Kevin's Bio, click here
To see Hot Listings, click here
For Buyer's Articles, click here
For Seller's Articles, click here
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Albany NY realtor, Albany NY Real Estate, Albany NY homes, Albany NY Real Estate Agent Full Service Albany NY real estate brokerage and Albany real estate appraisal Http://www.clancyrealestate.com
Kevin Clancy has been providing real estate brokerage and appraisal services to the Capital District for over 15 years. He is a New York State licensed real estate broker, Insurance broker, and general certified appraiser. Kevin is a HUD approved broker and started his career specializing in the sale of HUD homes. Kevin's appraisal experience ranges from vacant land and single family homes to multi-tenant office buildings and retail centers. A graduate of Siena College with a degree in marketing, Kevin obtained an MBA from the University at Albany in the Spring of 2005. A portion of this degree requirement included an in-depth research paper on residential real estate in the Capital Region. During his career Kevin spent several years evaluating residential and commercial real estate throughout the northeast. This includes more then an estimated 10,000 residential homes in the Capital District. This is more homes than a typical Realtor will evaluate in an entire career! For a thorough evaluation of your home prior to listing, Kevin's experience speaks for itself. Kevin's past experience makes him the perfect choice to meet any of your Capital Region or Albany Area real estate sales or appraisal needs. Services include full service and discount brokerage, appraisals, property management, and general consultation services. Need a home? Search thousands of homes at Albany NY Home search or our main site at Albany NY Real Estate for appraisals visit us at Albany NY Real Estate Appraisals If you Need an Albany NY Realtor for buying a home in Albany NY or Selling a Home in Albany NY give us a call!
"Kevin Clancy is by far one of the best if not the best real estate agent
in the Capital District. He is knowledgable about the field, his website
is exceptional and he makes himself accessible to his clients.
But most importantly, Kevin has a high standard of integrity ... simply
put his integrity is not for sale. Good or bad, he will tell you what you
need to know to make an informed decision. In a competitive market such as
this one, finding an agent that gives it to you straight is hard to find.
We highly recommend his company and we always welcome the opportunity to
tell others to use his services. Thank you again Kevin for your patience,
tenancity and professionalism. It was a breath of fresh air to work with
you."
Thomas and Ingrid Williams
Troy, New York
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When I listed my property for sale with Kevin, I didn't really expect or need to sell it. I gave Kevin a "walk away" price with my minimum to let it go.
Less than 1 week after listing the property, Kevin came back with 4 different offers. This guy knows the market! All of the offers were viable, and all were well over my walk away number. He kept in touch with me along the way, but did all of the negotiating on my behalf. The house went for higher than the listing price, and almost 20% more than my original "dream" number for the house. In today's market no one could ask for more than that.
I have bought and sold numerous properties in the past, but never have I dealt with someone so attentive, helpful, and full of good advice. Kevin's experience is evident, and I am grateful for his assistance during this process. He made it easy. I highly recommend Kevin and Clancy Real Estate.
Amy P.
Rexford, NY
6/27/2008
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"While looking for our first home, my wife and I worked with a few different realtors during our search. Kevin was, without a doubt, the best realtor "Kevin is a true professional who simply gets the job done! He's a valuable asset to anyone's team." October 27, 2007 Top qualities: Great Results, Personable, High Integrity Bob Eberle, NYREIA -------------------------------------------------------------------------------- Top qualities: Great Results, Personable, High Integrity Charis Ng -------------------------------------------------------------------------------- Top qualities: Personable, Expert, High Integrity Paul Gallagher
that we encountered and the reason we chose to utilize him exclusively!
Kevin is a tireless worker, an active listener and just a true professional.
Kevin knows the real estate market and all the financial complexities that
come with buying a home (which made him a tremendous resource for us as
first-time/inexperienced buyers).
If we are in need of his professional expertise, we will certainly use Kevin
again and we highly recommend him without reservation."
Tom and Denise D, Clifton Park, NY
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hired Kevin as a Real Estate Agent in 2006, and hired Kevin more than once
"I highly recommend Kevin. I listed a house with him and he brought me 3 offers within the first 2 weeks. He keeps me updated frequently and is a full-service expert in his field. He also recommended an excellent lawyer for the closing. I am very pleased and satisfied with Kevin and will definitely use him again for any future real estate transactions. Kevin Clancy is the owner of Clancy Real Estate. Alway deal with the owner! Thanks again, Kevin for helping me sell that property so quickly." October 23, 2007
hired Kevin as a Real Estate Agent in 2007
"Kevin has always offered me great advice. He knows value and where to find it. Kevin is an agent who understands how to work with investors... which I rarely find." September 30, 2007
hired Kevin as a Real Estate Agent in 2006
"Kevin made the process easy, and his knowledge and experience greatly helped us through the sale, from listing to contract to closing. In fact, his negotiations specifically resulted in a sale price higher than the listing price. We recommend Kevin to anyone looking to sell a home in the Capital District."
Jim M.- Director of a Commercial Real Estate funding company
"... Kevin has a great understanding of the market and more importantly how to position his clients. Great service, a professional approach and an intimate understanding of the local RE market. I highly recommend his firm."
Dear Kevin, As a first time home buyer, I really appreciated your patience and diligence. Through every step of the process I felt like you were there holding my hand. You followed up with members of my purchasing team (attorney, broker, etc.) and even called to check on me while I waited for my financing to get settled and the closing date to arrive. You exhibited professionalism and did a great job representing my interests whenever a challenge developed, such that I worried very little, knowing that you were on my team. This was the first of many real estate purchases for me and I look forward to working with you in the future.
Sincerely, Michele B., Albany, NY
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