Key Real Estate Services, LLC is in The Hunt!

Did you see us in The New York Times Real Estate section?

 

Estate Properties

Key Real Estate Services can bridge any distance—county, state, country, or ocean—between an estate"s Executor and its real property to lift a significant portion of that burden off your shoulders. Over 25% of Key Real Estate Services' clients are estate executors who trust me to minimize their time and expense for traveling to the property by providing on-site property management and employing technology to expedite paperwork. With a roster of trusted vendors Key Real Estate Services can facilitate:

  • On-line document transmission and execution
  • Organizing personal property
  • Selling and donating unwanted household contents
  • Repairs and cleaning to prepare a property for sale
  • Resolution of property violations
  • Property tax grievance

Key Real Estate Services also offers a special discounted commission expense for pre-listing buyers. Ask if your estate property is eligible for this unique benefit.

Please contact me through the contact form or at 718-874-2877 or 914-661-0340. I look forward to hearing from you.

What one KRES client had to say:

"Thanks for all you have done, Allison. You have given [us] a great sense of relief."
A. Stasio, Executor
December 2010

You Can't Make This Stuff Up!

Unit Number Riddle

When is a three-family house a one-family home? When it's a one-family house with three residential units. Get it?

This real estate riddle is frequently played out in the New York metro area where one or more illegal apartments are created in a house to help the property owners generate income from their home. The problem comes when that homeowner/landlord attempts to sell their illegally divided house with or without tenants. Banks don't make loans to buyers of houses when an appraiser's report description does not conform to the property's legal status.

What defines an illegal unit? Another kitchen with a working stove is the "tell" even though there are certain situations where an appraiser will accept two kitchens in a one-family house. But three kitchens in a legal single-family home are pushing it; I've had one of those. Four kitchens in a legal two-family house are pushing it exponentially; I've seen one of those.

The solution involves removing the offending kitchen(s). This needn't mean major renovation. Usually the removal of a stove and capping of the gas line will do the trick. Think of it not as loosing a kitchen, but gaining a wet bar—and there are no restrictions on that.

You can't make this stuff up.