Syracuse New York Real Estate News & Listings Presented By Richard J. Lelong, Broker

280 South Summerhaven Dr, Manlius 13057

Thu, 03 May 2012 19:51:00 GMT

Well maintained, move in condition townhouse with 3 bedrooms, 2 baths, on cul de sac in desirable Erie Village. New landscaping along walk to covered entry porch. Eat in kitchen with new stove, microwave, and dishwasher. Living room has new carpet, gas fireplace, and sliding glass door opening to private deck with stairs to ground level overlooking pond. Hardwood floors in kitchen, hallway and foyer recently refinished. Large master bedroom has walk in closet and sitting area. First floor laundry, full basement. Close to shopping and Northeast Medical Center. Enjoy the beach at Erie Lake.

308 Salt Springs Rd, Manlius 13066

Thu, 19 Jan 2012 20:49:00 GMT

Beautiful 4 bedroom, 3.5 bath colonial with 3 car garage on 3.6 acre partially wooded lot. Gleaming hardwood floors in living room, dining room and on second level. Large living room with gas fireplace and tall windows. Formal dining room with recessed lighting. Kitchen has ceramic tile floor, 5 burner gas cooktop, double built in electric ovens, wine cooler, solid surface countertops and breakfast bar. Enclosed porch transitions to large deck. Large master bedroom with walk in closet, master bath with whirlpool tub. Finished basement with full bath has wet bar area and walkout to side yard.

384 North Summerhaven Drive, Manlius 13057

Mon, 09 Jan 2012 20:43:00 GMT

Beautifully updated 2 bedroom, 1.5 bath townhouse on cul de sac in Erie Village. New kitchen cupboards and countertops, ceramic tile floor, ceramic backsplash with coordinating switch plates, new appliances, and new hardwood floors throughout remainder of first floor. New carpet on second level. New furnace, AC, and hot water heater. Freshly painted. Half bath and laundry on first floor. Living room has woodburning fireplace and sliding glass door to private deck with water view. Dining room has sliding glass door to private patio area. Full bath with whirlpool tub and shower nicely updated.

Should I Buy a Home Now?

Thu, 07 Jan 2010 12:58:00 GMT

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.