New York's Capital Region Real Estate Market Summary 

Featured Property 

   

  Delmar Charmer

Spacious 3 bedroom home featuring hardwood floors, gas fireplace, large eat-in kitchen, newer siding, new furnace 2008, new bedroom addition, vaulted ceilings, new ceramic tile bath and some new windows.  Large back yard for entertaining with stone patio and firepit.  Bethlehem Schools. $214,500.  For further information contact Craig LeClaire at cleclaire@falveygroup.com or (518) 210-7500 

 

A DAY AT THE RACES

Craig LeClaire, of the Falvey Real Estate Group's residential division hosted a day at the Saratoga Race Track for his team of realtors.  Festivities included a chauffer driven SUV limousine, an afternoon at the Carousel Restaurant located at the track and dinner at Sperry's in Saratoga Springs.
A "winning" day was had by all.

 COMMERCIAL LENDING THAT MAKES SENSE!   1st Rate Commercial, a division of the Falvey Real Estate Group, was founded in 2003 by     Christopher J. Falvey.   

     This unique mortgage banking company can arrange real estate financing at virtually any level.  Our lenders provide commercial credit programs for any needs including commercial term loans and lines of credit.  Commercial financing is available for new construction as well as existing properties.

     1st Rate Commercial is proud to be an innovator and valuable resource to both large and small businesses throughout the Capital Region. For information on our services, contact Chris Falvey @ (518) 452-5964 or cfalvey@falveygroup.com  

Get Smart About
Mobile Real Estate "Apps"
 

  Mobile phone real estate applications "apps" are becoming an increasingly important part of real estate. Whether you're a real estate agent or someone looking to purchase real estate, mobile apps can be your best friend. What apps are available to you largely depends on your smartphone. 

In addition to Trulia and Zillow, below are just a few that we find particularly interesting.  

http://AroundMe.com (Free): Imagine you're a buyer standing in front of a listing - with just 2 clicks you can view the amenities in the immediate vicinity - banks, restaurants, parks, gas stations & more!

http://MyNewPlace.com (Free): Two features of this app stand out; the ability to take & save notes & photos of a listing and getting email alerts for listings similar to those displayed in results.

http://StreetEasy.com(Free): This is a for sale and rental property finder. At the present time it is set up for a NYC search, but other NY areas are coming soon. User's can set up a StreetEasy website and integrate their saved properties & searches in one place. 

Tax Tips for Homeowners Looking
Ahead to 2010 Returns 

     From energy tax credits to vacation home deductions, check out these tax tips for homeowners looking ahead to 2010 returns.

Take a day to formulate a tax plan for the year. You may be elegible for an energy tax credit, a military personnel credit or you may want to max out your vacation home deductions.

The "What's New in 2010" section of IRS Publication 17 offers a sneak peek at tax changes that might affect homeowners. It's never too early to maximize your your credits and deductions!

Recognizing Our Realtors

       CRAIG LECLAIRE, an Associate Broker with the residential division of the Falvey Real Estate Group recently earned the esteemed Accredited Buyer Representation (ABR) designation and the Short Sales & Foreclosure Resource (SFR) certification.  The ABR designation is the benchmark of excellence in buyer representation and agents with SFR certification are trusted resources for short sale and foreclosure management.  To contact Craig, call (518) 210-7500 or email cleclaire@falveygroup.com.

       At a recent luncheon sponsored by the Commercial and Industrial Real Estate Brokers, Inc. (CIREB), the 2010 elected Officers and Directors were announced.  KEVIN BRODERICK, an Associate Broker with the commercial division of the Falvey Real Estate Group is entering his sixth year serving on the Board of Directors for this Association.  As Director, he has been actively involved in education, technology, bi-laws and other related missions for CIREB and its multiple listing service members.  To contact Kevin, call (518) 640-2564 or email @ kbroderick@falveygroup.com

CRAIG LECLAIRE awarded a $500 scholarship to Sean Dunn, a 2010 graduate of Mechanicville High School for achieving the highest average in the schools business classes.

Saving Electricity: Reduce
Standby Power Consumption

You're already paying a bundle every month to your cable and internet providers. Why fork over even more money to the power company for the standby power consumption that TV's, computers & cell phones eat up when they're plugged in but not in use?

Standby consumption accounts for about $100 -$150 of your electricity bill annually. You can save at least some of that money by using a few simple tactics.    

A great first step: identify the biggest energy "vampires" in your home. A portable energy meter can help pinpoint hot spots & pay for itself in less than a year. These devices measure voltage, electricity cost & consumption.  The single biggest culprit is a high-definition cable TV box, sucking up roughly 21% standby electricity, then a standard cable TV 11.8%, computer 10.5%, etc.

Once you know your energy culprits, start unplugging items routinely. Make that easier by plugging devices close to each other - into a power strip or surge protector. You can also invest in a smart-power strip ($20-$40) which when you power down a device such as a computer, the strip automatically shuts down related peripherals. Depending how many devices you attach, you could recoup your cost in a few months.

Bottom line: you won't pay for that vacation to Cancun by reducing standby consumption, but you will be doing your part to help the environment!

Falvey Group Increases Position in Region's Real Estate Market

     According to 2009 data released by the Capital Region Multiple Listing Service, the Falvey Real Estate Group ranked number 36 in sales volume of 469 brokerages in the Capital Region.   The 2008 ranking for Falvey was 90.  The 2009 ranking was fueled by a 152% increase in residential sales over 2008.  The continued rise is sales during the recently stalled economy is a testament to our commitment to the Capital Region real estate market and our clients.

Notable Transactions

   Kevin Broderick, from the Commercial Division of The Falvey Real Estate Group recently leased 5,000 sf on 4 Walker Way in Albany to TMC Services, Inc.  Clark Realty represented the Landlord in this transaction.  To contact Kevin Broderick, call 518.452.3912, ext. 2564 or kbroderick@falveygroup.com

Christopher Falvey, Broker/Owner leased 3,950 +/- square feet of office space at 500 New Karner Road in Albany, NY to Berkshire Farms, who was represented by Kevin Parisi and Steve Hoffman from Trinity Realty Group. To contact Christopher Falvey, call 518.640.2561 or cfalvey@falveygroup.com

    Kevin Broderick, from the Commercial Division of The Falvey Real Estate Group recently assisted 1200 Realty, LLC in the purchase of  1206-1210 Western Avenue In Albany, NY.  The sale price for this property was $500,000 and the site will be used as additional parking for an adjacent business and future retail.  To contact Kevin Broderick, call 518.452.3912 ext. 2564 or kbroderick@falveygroup.com


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The Falvey Real Estate Group has been approved as Better Business Bureau, Inc. (BBB) Accredited Business.  The standards of accreditation include having an established track record in the real estate and mortgage industry and maintaining a high rating through the BBB.  As a member of this esteemed group of committed businesses, The Falvey Real Estate Group agrees to provide an ethical marketplace and uphold the BBB Standards of Trust.