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TABLE OF CONTENTS


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Our Locations BABYLON

HUNTINGTON

COLD SPRING HARBOR

LOCUST VALLEY

DIX HILLS

MERRICK

EAST NORTHPORT

NORTHPORT

FLORAL PARK

SMITHTOWN

GARDEN CITY

SYOSSET

GARDEN CITY - SOUTH

WOODBURY

126 West Main Street Babylon, NY 11702 P: 631.422.3100 | F: 631.422.3101 157 Main Street Cold Spring Harbor, NY 11724 P: 631.692.4800 | F: 631.692.4801 15 East Deer Park Road Dix Hills, NY 11746 P: 631.673.3900 | F: 631.673.3901 190 Laurel Road East Northport, NY 11731 P: 631.368.6800 | F: 631.368.6880 142 Plainfield Avenue Floral Park, NY 11001 P: 516.492.3210 | F: 516.492.3209 730 Franklin Avenue Garden City, NY 11530 P: 516.741.4333 | F: 516.741.4330 315 Nassau Boulevard Garden City, NY 11530 P: 516.279.4433 | F: 516.279.4434

157 East Main Street Huntington, NY 11743 P: 631.673.3700 | F: 631.673.3359 41 The Plaza - Building #1 Locust Valley, NY 11560 P: 516.759.4400 | F: 516.759.4401 2170 Merrick Avenue Merrick, NY 11566 P: 516.546.6300 | F: 516.546.6310 172 Main Street Northport, NY 11768 P: 631.754.3600 | F: 631.754.3601 7 West Main Street Smithtown, NY 11787 P: 631.360.2800 | F: 631.360.2810 33 Jackson Avenue Syosset, NY 11791 P: 516.921.1400 | F: 516.921.1438 7952 Jericho Turnpike Woodbury, NY 11797 P: 516.496.0300 | F: 516.496.0301


SIGNATURE DIVISIONS


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55+ Division

ASSISTING THE SENIOR COMMUNITY Our 55+ Division is dedicated to educating our agents so that they may guide, advise, and provide real estate resources and timely information for this growing group of people as they age and want to remain on Long Island. We are proud that our agents have earned the prestigious Seniors Real Estate Specialist designation (SRES®). A SRES® agent is a licensed salesperson or broker in good standing with the National Association of Realtors® and is trained, experienced, and knowledgeable in meeting seniors’ specific needs. We can help make wise decisions about financing, buying or renting, managing the tax implications of owning real estate, and other issues such as steering clear of loan schemes and scams that victimize senior borrowers. We understand the many decisions a senior and their families face as they

downsize from large, single family homes, need help with reverse mortgage information, or other “aging in place” initiatives. If you are thinking of buying, selling or relocating, use the experience and knowledge of a Signature Premier Properties Seniors Real Estate Specialist to carefully guide you through the transaction.

Equestrian Division Signature Premier Properties’ Equestrian Division understands your needs as either a buyer or seller for horse properties. Our Equestrian Division will find you and your horse the perfect home and barn. Our experts will listen to all of your equine needs and will find you the perfect property. Our equine experts are equestrians themselves and are familiar with the locations of riding trails and other facilities that you or your horse may need. Our specialized agents can offer marketing strategies that no other agency can. We will network within the equestrian community and will use our in-depth database to market your home and equine facility. Equestrian properties have specific requirements such as lot size and local zoning laws which allows us to educate the horse property’s buyer or seller. There are many horse friendly neighborhoods; we will not stop until we find the perfect home and equine property for you.


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Signature Cares Signature Cares was built on the foundation of family, community and support. Our mission is to support the communities we serve and give back to those who have been so welcoming to us. 22-DAY PUSH-UP CHALLENGE

During the months of October and November 2016, we were engaged in the Long Island community with the 22-Day Push-up Challenge for our veterans. What began in East Northport soon took to the road as we brought the challenge to each of our offices, local fire departments, Town Halls, local High Schools, and other well established venues; all of which have participated in the challenge or helped donate to the cause. This past Veterans Day marked the final day of the challenge where we presented $100,000 donations to five veteran charities – each receiving $20,000 at the Huntington Country Club.

BREAST CANCER WALK

Each year, Signature Premier Properties’ agents and staff walk together and raise money for the American Cancer Society’s Making Strides Against Breast Cancer. We are so proud to support this amazing cause.

SIGNATURE PARK

We were able to turn a one-acre overgrown area into a fully fenced dog park for the animals at the Little Shelter. The animals are now able to run free and enjoy themselves while they are at the Adoption Center. The dogs love their new park!

BLOOD DRIVE

To support the New York Blood Center we host an annual blood drive. Our agents as well as members of the community come together to donate blood to New York hospitals.

SWAB EVENT

Signature Cares recently took on an amazing new cause. Several of our offices hosted a Swab Event, which gave people the opportunity to be swabbed and added to the National Bone Marrow Registry. The whole initiative had 407 people swabbed – it only takes 1 match to save a life! Over $3,000 was donated.


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Signature Staging Real estate staging is the act of preparing and showcasing residential or commercial properties for sale. It is a systematic and coordinated methodology in which knowledge of real estate, home renovations, and harmonious design principles are applied to appeal to potential buyers. Unlike Interior Design, which is a very custom and specific approach to decorating, home staging is the strategic marketing of a property. Professionally staged homes sell for an average of 6-10% more versus a home that is not staged. Additionally, staged homes sell significantly faster than un-staged homes averaging of a minimum of 50% faster sales. Staging is always significantly less expensive than the first price reduction. According to the National Association of Realtors® (NAR®), the average staging investment is between 1-3% of the home’s selling price. This investment generates an average return of 8-10% more.

Photos of professionally staged listings appear better online. The Internet drives buyers to a specific property. Professionally staged homes will get more showings than un-staged homes. In controlled tests, selling identical homes, professionally staged vs. those not staged, the non-staged homes sold in 102 days while the staged homes sold in 45 days. This means huge savings in carrying costs. Staging is required to sell a home as quickly as possible and for as much as possible. THERE IS NO BETTER SHORT TERM INVESTMENT A HOME SELLER CAN MAKE THAN PROFESSIONAL STAGING.” – BARBARA CORCORAN

*Source: National Association of Realtors


International Backed by Signature Premier Properties’ unrivaled local expertise and extensive access, the International Division works collaboratively with our agents to help international buyers find the right home. We understand the unique needs and challenges that international buyers face; from language and cultural barriers to community orientation. We take pride in our highly personalized service to our international clients by our dedicated experts and bi-lingual professionals. The International Division further enhances Signature Premier Properties’ marketing service for your home by providing exposure to a global network. We understand the importance of reaching out and educating potential buyers about our great communities to live and raise families in. Finally, a selection of our luxury listings are marketed internationally through popular foreign websites, social media, print and digital publications; targeting affluent global investors and buyers. We strive to harness the power of technology to bring qualified buyers to the table.

Relocation The Signature Relocation Division guarantees outstanding service, ongoing commitment, and results when working with buyers and sellers on a local, national, or international platform. Whether you are buying a second home or purchasing an investment property, a Signature Premier Properties agent can connect you with a real estate agent anywhere in the world. With our client’s criteria in mind, we use the various resources at our disposal to find the perfect home. In today’s inter-connected global economy, an international workforce is required. Our Relocation Division has relationships with prominent real estate agencies, reliable moving companies, and third party relocation professionals all over the world which gives us the resources to make your big move as seamless as possible. We know how stressful it can be to relocate and we will make certain that your next move is a positive and smooth experience. Signature Premier Properties is comprised of only “the best of the best,” and whether you are looking for a home down the street or a remote island in the Caribbean, Signature Premier Properties can find it for you. As an affiliate member of the industry’s largest broker-to-broker network all over the world, you can always count on us and feel very comfortable to recommend any one of our agents to help you, your family, or friends with their next move.


SIGNATURE PARTNERS


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Commercial

REAL ESTATE FOR BUSINESSES Signature Premier Properties’ Commercial Division is a Long Island based commercial real estate firm that offers a full suite of services to our clients. Here, we take a team approach to incorporate proven systems and progressive technology along with a vast knowledge of the commercial real estate market on Long Island which gives our clients unparalleled service. Our team is comprised of well-practiced & skilled real estate professionals with the ability to handle the many facets of commercial real estate. • • • • • • • • • • • •

Acquisition and disposition Corporate real estate services Energy and sustainability consulting Landlord and tenant lease representation Lease administration Location/site selection Marketing research and analysis Property development consulting services Property valuation Relocation services Rent review and lease renewal REO/Distressed asset management services


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Morris Construction FOUNDED ON THE PRINCIPLES OF QUALITY, VALUE, AND INTEGRITY

Morris Construction is a locally owned construction company that prides itself on providing innovative, well-designed, and solidly constructed homes. Founded on the principals of quality, value and integrity, Peter Morris, owner of Morris Construction, has been building homes in Huntington and the surrounding area since 1994. Since then, Peter has built over 250 homes, including several small communities and many spot locations, as well as custom projects on homeowners’ own land. Unlike impersonal, national builders, the principals of Morris Construction are involved in the communities in which they build. Morris Construction has a wonderful staff of professionals that will work with their clients from start to finish. They will walk you through the process and make sure that it is a positive experience. Whether you are ready to move in right away or if you would like to take some time to build the new home of your dreams, there is no better choice on Long Island than Morris Construction. For more information please call 631.332.0118 or visit morrisconstructionli.com Š 2017 Morris Construction


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Freedom Mortgage GUIDING CUSTOMERS THROUGH THE HOME BUYING & REFINANCING PROCESSES

Our Mission Freedom mortgage was founded by CEO and President Stanley C. Middleman and has been serving customers for over 25 years as a privately held national mortgage lender. Today we are one of the fastest growing mortgage companies in the country. Licensed in all 50 States, Washington D.C. and Puerto Rico, Freedom Mortgage has multiple business lines including retail, wholesale, correspondent and commercial organization and servicing operations. The company is headquartered in Mount Laurel, New Jersey and is known for using the most advanced technologies and providing world class service to our clients, borrowers and partners. When buying a home, who you choose as your lending partner makes a difference. We ensure every one of our customers understands the loan process and that the home loan program chosen meets their personal goals. To accomplish this, we educate you on the best loan options that suit you, listen closely to your concerns and answer all your questions fully and honestly. Bruce Silva & his team here at Freedom Mortgage, including Loan officer Jesse Sasso, Angela Lindemann and Nick Bigott, work carefully each and every day to provide their clients with exceptional service, to help today’s buyer better understand their capability of homeownership. Bruce offers free monthly Home Buyers seminars to educate first-time home buyers on the home buying process, touches base on the benefit of buying vs. renting, and bring awareness about the current market and how that comes into effect.

Freedom Mortgage is dedicated to fostering homeownership in America. We build lasting relationships one loan at a time – by providing personalized mortgage solutions and unparalleled service.

Freedom Mortgage Facts • • • • •

Privately held, national lender for over 25 years Top 10 Lender* Top FHA/VA Lender* Customized loan programs including FHA, Conventional, VA and Jumbo Loans Approved direct lender with Fannie Mae, Freddie Mac and Ginnie Mae *Source 4Q15, Inside Mortgage Finance

Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Freedom Mortgage is not affiliated with the U.S. government, HUD, FHA, VA, or any other government agencies. Freedom Mortgage Corporation, 907 Pleasant Valley Avenue, Suite 3, Mount Laurel, NJ 08054, (800)220-3333. Lender NMLS# 2767. Licensed Mortgage Banker – NYS Department of Financial Services, New York License #108327. 175 Pinelawn Road, Suite 400, Melville, NY 11747 Branch NMLS#1246615. For additional information about Freedom Mortgage Corporation, please visit nmlsconsumeraccess.org. Equal Housing Lender. © 2016 Freedom Mortgage Corporation. All rights reserved.


NASSAU SNAPSHOT


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NASSAU COUNTY AT A GLANCE

Stretching from the Long Island Sound to the Atlantic Ocean, Nassau County offers something for everyone. A combination of careful master planning and expansive recreational, educational, and essential services, Nassau County has grown to be one of the most sought after suburbs in the country. Just 20 miles from Times Square, Nassau County offers world class shopping and fine dining throughout. For relaxation one can visit Jones Beach, the largest public beach in the country and Bethpage State Park, home of the 2002 and 2009 U.S. Open with its five world-renowned golf courses. Countless other parks, ball fields, picnic areas, ice rinks, and nature preserves enable its residents to enjoy the outdoors. In addition to its fine colleges and universities, other educational pursuits are enhanced by visits to Museum Row in Garden City, Old Bethpage Village Restoration, and Sagamore Hill National Historic Site, the home of Theodore Roosevelt. Nassau’s booming hi-tech industry provides the perfect opportunity to live and work in Nassau County.


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TOWN OF HEMPSTEAD

The Town of Hempstead has many fun things to do and places to visit such as Valley Stream State Park and Hempstead Lake State Park. However, the most popular place to visit here is Jones Beach State Park. With 6.5 miles of beautiful beach, this 2,400 acre park also has a lovely 2-mile boardwalk to stroll down.

TOWN OF N. HEMPSTEAD

Located in the northwest region of Nassau County is the Town of North Hempstead. In the early 1900’s the North Shore of Hempstead became known as “The Gold Coast.” Some of the town’s best attractions are the North Hempstead Beach Park, Gerry Pond Park, Clark Botanic Gardens, and Old Westbury Gardens.

TOWN OF OYSTER BAY

The only town that extends from the North Shore to the South Shore in Nassau County is the Town of Oyster Bay. It’s one of the most suburban environments and the communities are famous for their well-manicured landscaping and quaint shopping areas. It is also the home to many great parks and fun places to take your family!


SUFFOLK SNAPSHOT


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SUFFOLK COUNTY AT A GLANCE

Come spend a day and stay for a lifetime! Suffolk County is the easternmost county in the state of New York. From its Atlantic ocean beaches stretching the southern coastline, to the quaint bays that dot the shoreline, and the Long Island Sound on the northern coast, this peninsula of land has it all. Founded by the Dutch in the late 1600’s and home to many prominent forefathers such as Teddy Roosevelt and the Rough Riders, August Heckscher, Vanderbilt, and many more it shouldn’t even be a question as to why Suffolk County should be where you call home. The land and waterways in Suffolk have been a great resource to farming and fishing for centuries. From potato farming and whaling to the wineries & lobstering industry, Suffolk is a county that has it all. Industrial parks & business corridors bring many businesses to Suffolk County. The commute to New York City and the surrounding areas is also convenient from many of the local suburbs. These features are only part of what makes Suffolk County such a great place to live.


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TOWN OF EAST HAMPTON

At the eastern end of Suffolk County on the South Shore you will find a popular tourist community. East Hampton is known for its many beaches, nature trails and golf courses. Visit Montauk Village and Lighthouse, Hither Hills State Park or take the ferry to Block Island.

TOWN OF HUNTINGTON

Located in the northwestern part of Suffolk County is the Town of Huntington. Huntington grew from a primarily agricultural and shipping area, to a hot spot for tourist attractions and a commuter hub into the city. Visit the Vanderbilt Museum and Planetarium, Heckscher Park, Heckscher Museum of Art, Cold Spring Harbor Whaling Museum and Fish Hatchery, and Huntington and Cold Spring Harbor’s bustling Main Streets brimming with many fine shops and restaurants.

TOWN OF ISLIP

On the South Shore of Long Island in Suffolk County, you will find the Town of Islip. This town is a varied and beautiful place to live. It is home to many ocean beaches, bays, lakes, canals, ponds, forest fields, and historic villages. The town has great water access which is part of the reason why the town has expanded to the size it is today.


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TOWN OF RIVERHEAD

Located on the North Shore of Long Island in Suffolk County is the Town of Riverhead, home of many great attractions! The most popular places are the Long Island Aquarium, Splish Splash Water Park, The Tanger Outlets, Indian Island County Park and many beautiful vineyards.

TOWN OF SHELTER ISLAND

At the eastern end of Long Island is the Town of Shelter Island. Only accessible by ferry, it sits between the North and South Fork. Visit the Nature Conservancy which takes up half of the island. Shelter Island is also known for its bike-friendly terrain and beautiful beaches!


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TOWN OF SMITHTOWN

Originally known as Smithfield, now known as the Town of Smithtown, it is located on the North Shore of Long Island. Visit Caleb Smith State Park Preserve, Frank Brush Barn, Sunken Meadow State Park, and Nissequogue River State Park, Sunken Meadow State Park and Blydenburgh Park Historic District.

TOWN OF SOUTHAMPTON

Located on the South Fork of Long Island is the Town of Southampton. Enjoy the many beaches, Southampton Historical Museum, or Shinnecock East County Park and Marina – where you can go fishing, surfing, swimming, paddle boarding, kayaking, scuba diving, bird watching, and much more!

TOWN OF SOUTHOLD

On the North Fork of Long Island, at the northeastern tip of Suffolk County is the Town of Southold. It is considered by many to be the first English settlement on Long Island. Visit the township’s many nature preserves, beautiful vineyards, and fresh farm stands.


QUEENS SNAPSHOT


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QUEENS AT A GLANCE

Sitting on the western end of Long Island is the largest of the five NYC boroughs – Queens. Established in 1683, Queens is home to many wonderful attractions that make Long Island such an amazing place to live. Famous for the New York Mets, Citi Field, Queens Zoo, MoMa PS1, and the 1964 World’s Fair, Queens is a central hub of classic New York culture. Central to the neighborhood as well is the Queens Museum, known for the “Panorama,” which is the largest scale building model of all of New York City. Queens is perfect for travelers, with easy access to LaGuardia Airport and JFK International Airport. Local commuters can ride the Long Island Rail Road from its many stations across Long Island. Jamaica Station has become a central terminal which offers residents the ability to commute directly to NYC, Long Island, or Brooklyn, and can even ride the air train to JFK International Airport. Halfway between New York City and the waterfront coasts of Long Island, Queens invites its residents to create experiences that will be remembered for generations to come.


NORTHWESTERN QUEENS

Here, you will find places like Long Island City which is a residential and commercial neighborhood with an ongoing, rapid growth in residential and gentrification locations. A thriving area for the art community, this neighborhood is perfect for the up and coming artist.

NORTHEASTERN QUEENS

In Northeast Queens you will find Citi Field, home of the New York Mets located in Flushing Meadows, Corona Park. It is also home to the famous Unisphere, representing global independence, which was part of the popular New York World’s Fair 1964-1965. The fair represented “Peace Through Understanding.”

CENTRAL QUEENS

What would Queens be without the unbelievable beauty of Central Queens? You can find neighborhoods here such as Rego Park, Kew Gardens, and Forest Hills Gardens. These neighborhoods are charming and unique. Even though these areas are densely populated, they are green and airy and filled with tree-lined streets.


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SOUTHEASTERN QUEENS

Jamaica, Queens – home to some of New York’s busiest transportation terminals. Jamaica Station is the largest transit hub on Long Island with weekday ridership exceeding 200,000 passengers. It is also home to JFK International Airport, which is the busiest international passenger gateway into the US.

SOUTHWESTERN QUEENS

This diverse neighborhood is filled with a history defined by transportation routes. Richmond Hill is known for the historic triangle where Jamaica Ave and Myrtle Ave meet. All of these neighborhoods are surrounded by the Belt Parkway and Cross Bay Boulevard.

THE ROCKAWAYS

In the southernmost part of Queens are The Rockaways – a small peninsula separating Jamaica Bay from the Atlantic Ocean. There are some beachy areas in these neighborhoods such as Breezy Point, Roxbury, and Broad Channel, as well as certain areas that overlook the beautiful Manhattan skyline on a clear day.


BUYER’S GUIDE


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Smart First-Time Buyers QUESTIONS TO CONSIDER WHEN PURCHASING A HOME FOR THE FIRST TIME... 1. Should I Buy A Home Or Rent?

When you rent, you pay a mortgage – not yours, but your landlord’s. When you pay rent, the money is gone. Sure you have a home, a place to live, but can you tweak it to really make it your own? You might not be able to garden, paint, hang pictures with nails, or have a pet... the list goes on. When you own your home, property taxes, the interest part of the mortgage payment, and in some cases, a portion of the common charges, may be tax deductible. The resulting tax savings can be significant.

2. The Importance Of A Real Estate Agent

At Signature Premier Properties, all agents go through extensive educational training before they can practice real estate. A Signature Premier Properties agent will listen to all your wants and needs to find you your perfect dream home. They are well versed in many different neighborhoods and the pricing of each area.

In any market, hiring an experienced negotiator may save you thousands of dollars. Our agents handle negotiations through every stage of the deal, from the original offer, accepted offer, engineer inspection and the appraisal process. An agent with great negotiating skills is very important to having the deal go smoothly.

3. How Much Money Will I Need To Buy A Home?

Generally, you will need enough money to cover the down payment, which is a percentage of the cost of the home that you must pay when you go to contract, plus closing cost (the cost associated with processing the paperwork to buy a home).

4. How Do I Know Which Mortgage Is Best For Me?

From first-time home buyers and Veterans Loans, to Conventional and Jumbo loans, a Signature Premier Properties agent will provide you with recommendations for reputable mortgage bankers and finance companies that will assist you with your pre-approval.


5. What Will Happen At The Closing?

In a nutshell, you will sit at a table with your agent, your attorney, the agent for the seller, often the sellers themselves, your seller’s attorney, possibly a representative from the bank, and many papers requiring your signature. While you will receive an explanation of each page, take the time to read each one and consult with your attorney to make sure you know exactly what you are signing. Before your scheduled closing date, your lender is required to give you a document explaining the closing costs and a list of documents you will need to bring with you at closing. If you do not receive those items, be sure to call your lender before you go to closing, and do not hesitate to ask any questions.


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5 TIPS FOR BUYERS 1. Get Your Credit In Shape

If you plan to finance your home purchase, check your credit history, especially if you’re a first time buyer. That way, you can correct any errors, and take measures to boost your credit score before your big investment.

2. Get Pre-Approved For A Mortgage

Early in your search, meet with a mortgage lender who will take a look at your credit history, your savings and investment statements, and your current financial situation. The lender can give you a better picture of what you can afford and the financing options that are available to you.

3. Establish Your Budget

Whether you’re financing your purchase or paying cash, it’s important to establish a budget. This will help you focus your search on great homes within your price range.

4. Make A List

Buying a home is a process of elimination, not a process of selection. Make a list of your ideal home’s must-haves and deal breakers. This will help you to narrow your search so that you can find a home that fits your current and future needs.

5. Think About Resale

The average homeowner lives in their home for nine years. While you may purchase your home as a long-term investment, keep in mind that you may need to sell it one day. Consider the homes potential resale value when you’re looking at properties.


(631)757-8323 • Bill@KoranScape.com


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Basic Mortgage What Is A Mortgage?

Mortgages are loans that a mortgage lender or bank gives to help finance a home. There are three typical parts of a mortgage payment: principal, interest, and escrow. Principal is the amount of money you borrow to finance your home. Interest is the money paid regularly at a particular rate for the use of the loan. Escrow is a deposit included in a mortgage to pay property tax and homeowner’s insurance during the term of the mortgage.

What Is Good Credit?

A qualification of an individual’s credit history that indicates that the borrower is a safe credit risk. A high credit score is an indicator of good credit, while a low credit score indicates bad credit. An individual’s credit history is dependent on a number of factors, including the amount borrowed, the amount of available credit remaining, and the timeliness of payments.

Federal Housing Administration (FHA) loans are mortgages insured by the Federal Housing Administration. They are designed partly for borrowers who cannot come up with a large down payment or have poor credit. This is a popular choice for first-time home buyers. Veterans Administration (VA) loans are a zero-down loan offered to qualifying veterans, active military, and military families. In most cases, no down payment is required and you will not have to pay mortgage insurance. If you qualify for a VA loan this could be a great option for you to explore. SONYMA loans (State of New York Mortgage Agency) are an option for first-time home buyers in New York who make less than $100,000 per year. If you qualify, this program provides for loans with only 3% down payment.

Source: http://www.investopedia.com/terms/g/good-credit.asp?lgl=no-infinite

What Kind Of Mortgage Is The Best?

This depends on what your plans are for the home you are purchasing. Fixed-rate mortgages get paid off over a set amount of time and at a specific interest rate. A 30-year fixed-rate mortgage is the most common example. As market rates rise and fall, your interest rate will remain the same. Adjustable-Rate Mortgages (ARMs) get a lower initial interest rate compared to a fixed-rate mortgage. Interest rates fluctuate depending on market conditions.

A Conforming loan is any home loan that follows Fannie Mae and Freddie Mac’s conforming guidelines, which include credit, income, asset requirements, and loan amount not to exceed $424,100. Jumbo loans are referred to as non-conforming mortgages. This is a good option when you are purchasing a higher-priced home. The rate on this type of loan can be between a 1/4 to 2 percentage points higher than on a Conforming loan, making qualifying for a Jumbo loan more difficult.


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the importance of a

PRE-APPROVAL

A

pre-approval is necessary to know how much you can afford before you begin your home search. This way you will only look at homes in your specific price range. A pre-approval is also important to make a confident offer.

What Is A Pre-Approval?

What Documents Do I Need?

A mortgage pre-approval occurs when a lender agrees to lend you a specific amount of money before you have found a home. To apply for a mortgage, you will first fill out an application. A complete review of your credit history is performed and the information you have provided is validated. Based on this information, the loan can be pre-approved.

• • • •

How Do I Get A Pre-Approval?

Fill out a residential mortgage application with a target loan amount and sales price with your lender. These amounts may change as you continue to search for a property but it is important to establish a starting point. Regardless of the type of mortgage you choose, your income and down payment sources will need to be verified. This entire process typically takes 7-14 days.

• • •

Your W2 from the past two years Your pay stubs for the past three months Your tax returns from the past two years Your checking or savings bank statements for the past three months (this will likely show your down payment funds in them as well) Your statements for all your other assets (stocks, bonds, retirement accounts) for the last two months The name & number of your landlord or your current mortgage documents Your divorce decree, if applicable If you are self-employed: Business tax returns for the past two years with your year-to-date profit and loss statement, and year-to-date balance sheet Credit Report and Credit Score (the lender can run this for you)

Source: http://www.danecountymarket.com/mortgage-preapproval


CREATING A BRIGHTER FUTURE TOGETHER

Founded on the principles of quality, value, and integrity.

Whether you are ready to move in right away or if you would like to take some time to build the new home of your dreams, there is no better choice on Long Island than Morris Construction.

631-332-0118 190 Laurel Road | East Northport, NY 11731 pmorris799@aol.com morrisconstructionli.com


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The Home Selling Process The home selling process can be scary at first. Your Signature Premier Properties agent will help you with selling your home every step of the way. When it comes to selling your home, you’re in safe hands with us!

01 02 03 04 05 06 07 08

CONTACT

Contact your Signature Premier Properties real estate agent.

VALUE

Determine the current value of your home.

MARKETING

Work with your agent to prepare a personalized marketing campaign.

STAGING

Stage your home to stand out from the competition.

PHOTOGRAPHY

It’s time to take some professional photos of your home.

PAPERWORK

Verify taxes, certificates of occupancy, survey, and all other pertinent information.

MULTIPLE LISTING SERVICE (MLS)

Launch listing on MLS, signaturepremier.com, and other national/local real estate websites.

SHOWING

It’s time to start showing your home!

09 10 11 12 13 14 15 16

OPEN HOUSE

Host an open house to find the right buyer for your home.

BUYER

Confirm the qualifications of the buyer.

NEGOTIATE

Negotiate offers & terms to obtain maximum value for your home.

OFFER

Acceptance of the offer.

INSPECTIONS

Home inspection & termite inspection.

CONTRACTS

Execute the contract of sale with your attorney.

APPRAISAL

Work with a bank to appraise your home.

MORTGAGE

Receive written mortgage commitment (45-60 days).


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17 18 19

TITLE

Title search ordered by purchaser’s attorney.

MOVING

Call movers for estimates.

UTILITIES

Transfer all utilities and have your oil meter read (if needed).

20 21 22

WALK-THROUGH

Final walk-through scheduled 12-24 hours prior to closing.

CLOSING

Closing occurs at lending institution or attorney’s office.

CELEBRATE!


54 | Buyer & Seller Guide

Understanding The Comparative Market Analysis OUR SIGNATURE PREMIER PROPERTIES AGENTS WILL HELP YOU UNDERSTAND YOUR CMA Selling your home is a huge financial and emotional decision. Your Signature Premier Properties agent will help guide you through the process to ensure you feel comfortable every step of the way. When you are ready to meet with your agent, you may already have an idea of what your home is worth. You may be aware of homes in your neighborhood that recently sold or you may be keeping tabs on current listings in your area. Your agent will prepare a comparative market analysis (CMA). Data in this report includes facts about homes similar to yours that are currently listed, and those that have recently sold. Some significant points of comparison include number of bedrooms and baths, approximate square footage, size of major rooms, age of the home, property taxes, school district, and desirable features like fireplaces, fenced yards, hardwood floors, pools, and security. Depending on the current market, a CMA may cover a period of time ranging from one week to 12 months. Some research values range from a few streets near your home to entire school districts. This comprehensive report is a key tool your agent uses to determine its current market value. When determining the right price for a house, proper pricing in any market will attract the most buyers, bring in offers, and ensure a timely transaction. This is where your Signature Premier Properties agent is instrumental when it comes to selling your home. Your agent will be thoroughly familiar with the local market and recent sales in the neighborhood, as well as comparable properties listed for sale, your competition. Together, you and your agent will decide on a price that properly positions your home on the market.

How Does My Home Get Put On The Market?

Once you sign a listing agreement with your Signature Premier Properties agent to sell your home, it will be listed and marketed immediately. Among the first and most effective means utilized is placement on signaturepremier.com and many other highly trafficked websites. These days, most people begin their property search online and having your property featured on the Internet ensures maximum

exposure to the widest pool of potential buyers. In addition, your property listing will be distributed to the entire community of real estate agents on Long Island and beyond. Professional photos of your property will be taken and used to advertise and market your property in a variety of prominent online and print media outlets. To get the best price for your property it must be seen by the largest pool of potential buyers. Listen to your agent’s guidance when it comes to properly pricing your property from the start to avoid future price reductions, and keep your home from becoming “stale� to the real estate community.


McCarthy & Reynolds, P.C. is a full service law firm located in the village of Huntington, Long Island, New York. Our areas of concentration include land use, zoning, real estate, and development. The firm also has an emphasis on related litigation, environmental and municipal law. Clients of McCarthy & Reynolds, P.C. range from multi-national corporations to individuals. Each client of McCarthy & Reynolds, P.C. is treated with the same degree of courtesy, respect, and attention.

Michael L. McCarthy, Esq. Lee A. Reynolds, Esq. Attorneys and Counselors at Law

7 East Carver Street Huntington, NY 11743 631.351.4000


58 | Buyer & Seller Guide

Staging Your Home YOUR FIRST SHOWING HAPPENS ONLINE...

Your first showing is long before the first potential buyers arrive at your doorstep; it’s actually the moment your listing appears online. The photos of your house, along with the pricing and listing description, determine whether or not your house is considered good enough for an in-person look, or placed on the “do not see” list. This is why staging your house prior to the photos is so important! Your house needs to put its best foot forward! Otherwise, buyers will eliminate it just by looking at the photos online. Your Signature Premier Properties real estate agent will help recommend the best ways to update your home. Your house needs to stand out from the competition and great photography can help showcase this. Photos can add to the emotional

connection. Take an outside picture at sunset with the lights on inside the house, and the warm glow instantly says “home.” If you have wonderful views of mountains, lakes, trees, or a garden, make sure these are included. Lifestyle photos also add to the emotional appeal – beautiful moldings, wonderful cabinetry, a fire in the fireplace, romantic bedding, candles, and flowers. Buyers need to have an emotional connection with your house. There is a reason people say that they “fell in love” with a particular place. Staging addresses the emotional elements of presentation, as well as the rational ones. You are not only selling your floors, windows, counters, and space - you are selling a lifestyle! Make sure your first showing allows a buyer to experience “love at first sight!”


62 | Buyer & Seller Guide

Benefits Of An Open House 5 REASONS WHY AN OPEN HOUSE MIGHT RESULT IN A SALE You Can Set The Scene

When potential home buyers stop by your home for a traditional showing, they often do it with little notice, which is why it can be stressful keeping your home “show ready” for the entire duration it is on the market. With an open house, you’ll be able to prepare for an event that has the potential to bring in many prospective buyers with one fell swoop.

You Could Lock In That Interested Buyer

There’s likely a limit to the number of times even the most interested buyer is willing to ask for a private showing. If your house has already caught the eye of a potential buyer, he or she might be more willing to come back for a second look in a less formal setting. An open house gives that buyer the opportunity to bring friends or family along for their opinions; and as a bonus, walking through an open house provides a visitor with plenty of time to look around without feeling rushed.

Buyers Can Compare And Contrast

Any given weekend usually sees several open houses in a particular location. Buyers interested in purchasing a home in your area will “comparison shop” by attending several open houses; this is your opportunity to make your home stand out from the crowd – make sure it looks fresh and clean.

You Choose The Time It Gets Eyes On Your Home

Open houses bring in potential buyers who may be unmotivated to book a showing. Buyers find open houses a convenient way to maximize their busy schedules. Your friends and family can mention the event to everyone they know who might be interested in taking a look at your home. Neighbors could be a valuable resource for referring potential buyers to your home – they might have friends and family who are looking to move. Add in advertising and signage, and you’re going to catch the eye of both casual and serious prospective buyers.

Some weekends see more open houses than others. Holding an open house has the potential to put your home on the real estate map. By working strategically with your Signature Premier Properties agent, they will have the knowledge to schedule a successful open house to get the maximum amount of traffic through your home.


66 | Buyer & Seller Guide

Moving Guide & Checklist Moving can be a difficult and stressful process, but the actual day can be downright overwhelming. It is possible that the stress level can be reduced with the proper planning and preparation. Knowing what you need to get done and in what order will put your mind at ease. Below are some pointers and reminders to help you throughout your moving process.

Keep Things Together Keep light bulbs with lamps, picture hooks with pictures, etc.

Remember, planning ahead is the key to maintaining your sanity and having a stress-free move!

Make A List

Write everything down! Before you pack anything, create a system. Number or color code EVERY box you pack and write the contents on your list.

Pack Early

If it’s not essential to daily living, pack it. Save time by packing everything you can ahead of time.

Cleaning Kit

Supplies

You’ll need a lot of boxes and packing materials – more than you think. Set aside about 10 boxes for last minute moving day items. Tall wardrobe boxes are perfect for bulky, lightweight items like comforters, pillows, and clothes that need to remain hanging.

Put together a kit of basic cleaning supplies which will help you on moving day.

Mark & Set Aside Items You Don’t Want On The Truck

This will remind you to tell the driver what not to pack as you conduct your preload walk-through. Make sure the important paperwork pertaining to your move doesn’t get packed and shipped with your household goods.

Prepare With Children

Have the kids pack a box of their “special” items, things that they’ll want to have nearby as soon as you arrive at your new home.

Keep Valuables Safe

Keep valuable possessions like jewelry & family heirlooms with you. Check your homeowner’s insurance to see how they’re covered during the move.


Point Out Essential Items Set these items aside the day before the move. Then, once the mover arrives, point out items that are most special to you during the walkthrough. Also, point out the boxes you would like to have unloaded first, if they are not going into storage. These boxes may include kitchen and bathroom items or your children’s toys.

Take Care Of Your Driver And Crew Members

Consider the needs of your driver and crew members! It is not necessary to prepare an elaborate meal, as this is the last thing you will have time for. Still, run out and get some breakfast rolls or cookies and order pizza for lunch. It’s a nice gesture and will be warmly received.

Give ‘Em A Heads Up

Mary Hughes & Associates is a general practice law office with an emphasis on residential & commercial real estate, estate planning and wills.

Advise schools, doctors offices, utility companies, and the post office of your move to avoid confusion and hassle after you’re settled in.

631.482.1264 • FAX: 631.482.1266 MHUGHES@MHUGHESASSOCIATES.COM linkedin.com/in/hughesmary

1 SAWMILL ROAD • COMMACK, NEW YORK 11725


YOU HAVE THE RIGHT TO CHOOSE YOUR TITLE COMPANY

WE ARE HERE FOR YOU!

PROPERTY TITLE INSURANCE FOR REAL ESTATE

SUCH THREATS INCLUDE:

Purchasing a home for one’s family is the largest financial investment most people will ever make. Unlike homeowner’s insurance, which provides protection only for the home itself, the occupants, and their personal property, title insurance provides protection from those hidden hazards that can threaten the financial investment in the home.

• Outstanding mortgages and judgments, or a lien against the property because the seller has not paid their taxes. • Pending legal action against the property that could affect you. • An unknown heir of a previous owner who is claiming ownership of the property.

Ensignia Premier Title Agency is a full service title abstract company that provides title insurance for residential and commercial transactions. Ensignia works closely with its clients to encourage a smooth transaction, and when issues arise, we focus on resolution.

Ensignia Premier Title

190 Laurel Road | East Northport, NY 11731

631.923.1338 | ensigniapremier.com


Tel: (631) 421-2827

Fax: (631) 421-2843

alan feldman plumbing and heating corp. residential - commercial - industrial certified backflow prevention device tester, installer and servicer Email: afphcorp@optonline.net

website: www.feldmanplumbing.com


Law Offices of BR A D F OR D J . M A R T IN

REAL ESTATE Let our experienced real estate team guide you through the closing process. Our complete network of real estate professionals will help make your purchase or sale a stress free experience.

OTHER SERVICES Landlord-Tenant Criminal Defense Will-Estate Planning Personal Injury Litigation

BRADFORD J. MARTIN Attorney at Law 434 New York Avenue Huntington, New York 11743 631.427.9500


Trust Freedom Mortgage to make your home buying dreams a reality For over 25 years, Freedom Mortgage has been making home buyers happy across the nation. We are proud of the level of service we provide to our customers. Our focus: delivering the best mortgage experience possible — and getting you into your new home quickly.

A top 10 lender — with the options and support you need As a leader and one of the fastest growing companies in the industry, our strength and experience work to your benefit. Why should you feel confident choosing Freedom Mortgage? We’re rated A+ by the Better Business Bureau and offer you these advantages:

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Get started today— from understanding how much home you can afford — to finding the loan that’s right for you.

Call And Start A Relationship With A Licensed Mortgage Professional Today... Bruce Silva

Jesse Sasso

Executive Vice President NMLS# 15653

Senior Loan Officer NMLS# 13239

Cell: (631) 260-2393

Cell: (516) 972-7236

Bruce.Silva@FreedomMortgage.com

Nicholas Bigotti Vice President NMLS# 15732

Cell: (631) 946-1631 Nick.Bigotti@FreedomMortgage.com

Jesse.Sasso@FreedomMortgage.com

(631) 390-6100

175 Pinelawn Road, Suite 304, Melville, NY 11747 NMLS# 1246527

Angela D. Lindemann Senior Loan Officer NMLS# 20532

Cell: (631) 433-9304 Angela.Lindemann@FreedomMortgage.com

Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Freedom Mortgage is not affiliated with the U.S. government, HUD, FHA, VA, or any other government agencies. Freedom Mortgage Corporation, 907 Pleasant Valley Avenue, Suite 3, Mount Laurel, NJ 08054, (800) 220-3333. Lender NMLS# 2767. Licensed Mortgage Banker – NYS Department of Financial Services, New York License# 108327. For additional information about Freedom Mortgage Corporation, please visit nmlsconsumeraccess.org. Equal Housing Lender. © 2016 Freedom Mortgage Corporation. All rights reserved. RT268 0716


2017 Guide To Buying & Selling  

Our Guide to Buying & Selling is full of Signature Premier Properties rich history, stories of our community involvement, detailed informati...

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