Curtis C. Darragh

The Next Market Crash?

2009-11-03T17:50:00Z

Sorry that title is incorrect.... it should read "CRASHES!" I've been saying this since the White House requested this back in January. I've seen articles in the Investors Bussiness Daily & the Wall Street Journal mention it, but no one else seems to be discussing it. WHY..... THE FORECLOSURE MORITORIUM The Foreclosure Moritorium didn't end until March 2009. That means all foreclosures stopped dead in their tracks and no new foreclosures began. In my state (NY) it takes...(read more)

2 Story For Sale in Pleasant Valley

2009-10-02T01:30:00Z

Foreclosure!

• 1,632 sq. ft., 2 bath, 3 bdrm 2 story "Colonial" - MLS® $179,900 - Price Reduced!

Pleasant Valley, Dutchess County - **Foreclosure**

With rates this low, now is a great time to buy this 3 bedroom Colonial located just minutes from the Taconic. Sold as-is. Buried oil tank on the premises. Cash offers may be eligible for an express cash closing timeframe of 15 days.

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Don't Be Misled By The Media!

2009-09-24T20:08:00Z

Wow, my head is spinning. Depending on which media source you read or watch, either the sky is falling or as the politicians put it "we've pulled back from the brink". Well I'm no economist and I don't play one on TV so I won't speculate about any "brink". But I do know real estate, real estate markets and how to determine the bottom. And we're not there yet!!!!! Do the statistics (for Dutchess County NY) show the market decline slowing down.... well sort of....(read more)

Single Story For Sale in Poughkeepsie

2009-07-13T23:16:00Z

Foreclosure!

• 2,807 sq. ft., 3 bath, 3 bdrm single story "Raised Ranch" - MLS® $290,000

Poughkeepsie, Dutchess County - **Foreclosure**

Attention buyers... Do you need extra space? This lovely Raised Ranch home offers a mother-daughter apartment on the lower level, rear deck, patio, and your very own private pond! Come take a look! Sold as-is. Cash offers may be eligible for an express cash closing timeframe of 15 days.

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Don't Be Misled...

2009-03-23T18:58:00Z

Statistics... funny thing about numbers, if you're not careful it's very easy to mis-understand them! Earlier in the year I made a post stating we may be nearing the bottom of this down market. The average number of sales was only down 2.3% compared to the year before and the average sales price was actually up .10% for the same period (compared to the -26.9% in December). We had been seeing a 24% decline (approx.) in average sales prices for months then it went up .10% in January '09....(read more)

Townhouse For Sale in Fishkill

2009-03-07T04:44:00Z

Foreclosure!

• 1,850 sq. ft., 3 bath, 3 bdrm townhouse - MLS® $390,000 - Deal fell through!

Fishkill, Dutchess County - **Foreclosure**

Sizable 3 bedroom townhouse in sought-after Van Wyck Meadows. Offers a rear deck off the dining area, first floor laundry room, central air, and a walk-out basement. Priced below market for immediate sale!!!

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Are We Seeing The Bottom?

2009-02-09T18:44:00Z

After months of doule digit decreases in average sales prices, increases in inventory and days on the market we finally see some stabilization. Below are our current statistics SINGLE FAMILY DETACHED Jan '08 Dec '08 Jan '09 Yr Chg Current Closed Sales 88 89 86 -2.3 Y-T-D Closed Sales 88 1371 86 -2.3 Current Average Selling Price 371,990 294,005 372,413 0.1 Y-T-D Average Selling Price 371,990 351,780 372,413 0.1 Current Median Selling Price 330,000 280,000 280,000 -15.2 Current Sales Dollar...(read more)

Ranch For Sale in Poughkeepsie

2009-01-26T22:24:00Z

Foreclosure!

• 1,125 sq. ft., 1 bath, 3 bdrm ranch - MLS® $175,000

Poughkeepsie, Dutchess County - **Foreclosure**

Perfect opportunity for first time buyer or investor. A little sweat equity goes a long way. Offers a family room off the kitchen. Go take a look! Sold as-is.

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PULL THE TRIGGER!

2008-10-17T14:42:00Z

As a REO agent (real estate owned aka bank owned foreclosures) I see this scenario happen over and over. A buyer wants to put an offer in on a bank owned foreclosure. They find out there is currently an accepted offer and decide to wait and see what happens. Here's the problem with that scenario, if the current accepted offer falls through (which happens often), the listing agent will typically contact the current back up offers and see if their offers still stand. Most of the time they do, so...(read more)

Short Sales, what are they and what are the pro's/con's?

2008-06-06T21:48:00Z

It seems the theme of the day has moved from "FORECLOSURES" to "SHORT SALES". So what exactly are these "SHORT SALES"? Well, simply put, its when the value of the home is lower than the amount owed to the mortgage company. You sell the house for less than is owed and the bank accepts that payment and removes the mortgage (the security that attaches to the properties title). So what are some of the pro's to selling your home as a short sale: 1. If you have fallen...(read more)

Price Reduced on 96 Brown Road in East Fishkill

2008-05-15T00:52:00Z

East Fishkill, Dutchess County - Announcing a price reduction on 96 Brown Road, a 1,300 sq. ft., 2 bath, 3 bdrm ranch. Now MLS® $299,900 - PRICE REDUCED!.

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Price Reduced on 71 Albrecht Lane in Pleasant Valley

2008-05-15T00:49:00Z

Pleasant Valley, Dutchess County - Announcing a price reduction on 71 Albrecht Lane, a 2,184 sq. ft., 3 bath, 4 bdrm colonial. Now MLS® $379,900 - PRICE REDUCED!.

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Market Continues To Slump in the Poughkeepsie NY Area

2008-05-09T14:06:00Z

Below are the most current market stats for the Dutchess County, NY area. Notice the average sales price dropped over 13%, that number by itself doesn't mean much, but when you look at last months numbers, the decrease was over 8%. There seems to be a pattern emerging and it doesn't look good for sellers who purchased in 2004-2006 during the peak. Up to this point we've been seeing 2-3% decreases in the average selling prices (not bad, some may even say the market needed it), last month...(read more)

3 Story For Sale in Beacon

2008-05-01T17:58:00Z

• 2,450 sq. ft., 2 bath, 3 bdrm 3 story "Victorian" - MLS® $289,000 - Foreclosure!

Beacon, Dutchess County - **Foreclosure**

Great Victorian, tons of charm from yester years! Two fireplaces, extra room on third floor, barn/garage needs work. Great opportunity for investor. Minutes from I-84, Taconic and trains. Sold as-is, taxes to be confirmed. Has suffered from freeze damage. Perfect for investor, contractor, handyman!

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Price Reduced on 44 Old Glenham Road in Beacon

2008-05-01T17:58:00Z

Beacon, Dutchess County - Announcing a price reduction on 44 Old Glenham Road, a 2,450 sq. ft., 2 bath, 3 bdrm 3 story "Victorian". Now MLS® $289,000 - Foreclosure!.

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