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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Author: News Bot

You are here: Homepage > Articles by: News Bot

Can You Break a Lease if You Buy a House?

If you’re a renter and planning to buy your first home, it’s undoubtedly a big step in your life. It also raises an important question: what happens to your lease if the right home comes along before it ends? The

News Bot November 19, 2025 External Articles Read more

When Is Earnest Money Due? Sooner Than You Might Expect

Earnest money is typically due 1–3 business days after offer acceptance. Deposit deadlines are binding under “time is of the essence” clauses. Funds should always be paid to a neutral third party (escrow, title, attorney). Missing the deadline can allow

News Bot November 19, 2025 External Articles Read more

When Should You Stop Utilities When Selling a House?

You’ve sold your home and are ready to move but when should you actually stop your utilities? It’s best to wait until after your home sale officially closes and the buyers take possession. Turning them off too soon can lead

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The Most Expensive Home Sales of 2025 – So Far

A $133 million Florida compound is the highest-priced sale so far this year  Coastal Florida takes the cake for the most expensive home sale of 2025 so far, with a beachfront compound in Naples going for $133 million. It’s followed

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How to Sell a Condo the Smart Way

Key takeaways Understanding your HOA’s rules and finances is paramount when selling a condo. Preparation, including decluttering and minor repairs, enhances buyer appeal. Effective marketing highlights community amenities and unit features. Navigating the closing process with professional help leads to

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Red Flags When Buying a Condo: What to Watch Out For

Key takeaways Review the condo association’s finances and documents closely to ensure stability. Inspect the building and individual unit thoroughly for any maintenance issues. Understand the HOA rules and fees to ensure they align with your lifestyle. Buying a condo

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Bridgeport, CT Housing Market: Trends and Forecast 2025-2026

Let’s dive right into the Bridgeport housing market trends. Here’s the scoop for 2025: things are looking pretty steady. The average home value is hovering around $653,635, which is up by about 3.0% compared to last year. And when a

News Bot November 19, 2025 External Articles Read more

Open House or Private Showing: Which Is Better?

Key takeaways Open houses are a powerful tool for generating fast buzz, maximizing visibility, and driving high-volume traffic in a short window of time. Private showings are best reserved for serious, pre-qualified buyers and offer a targeted, personalized experience that

News Bot November 19, 2025 External Articles Read more

Should I Sell My House Now?

Key takeaways: It’s a good time to sell your house if you price correctly and are open to negotiation.  Mortgage rates are rising but in line with recent lows, leaving the door open for priced-out buyers to re-enter the market.

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How to Find Off-Market Properties: A Buyer and Investor Guide

Key Takeaways: Though off-market properties are homes not listed on the MLS, they can provide buyers and investors with exclusive opportunities. Networking, direct outreach, and online platforms are common strategies. Real estate agents often have insider access to upcoming listings.

News Bot September 30, 2025 External Articles Read more

Townhouse vs Condo: A Buyer’s Guide to Lifestyle and Costs

Picture yourself house hunting. You walk into a sleek downtown condo with floor to ceiling windows and a rooftop pool. The next day, you tour a row of townhouses where kids ride bikes along the sidewalk and each home has

News Bot September 30, 2025 External Articles Read more

3 Tips for Using Power of Attorney for a Real Estate Closing

If you plan to use a power of attorney for a real estate closing, preparation is key. From making sure the document is legally valid under your state’s laws to coordinating with your title company and choosing the right agent,

News Bot September 30, 2025 External Articles Read more

Can I Get an FHA Loan if I Already Own a Home? Rules and Exceptions

For many buyers, FHA loans make homeownership more accessible thanks to lower down payment requirements and flexible credit guidelines. But what if you already own a home? Can you still get an FHA loan? The short answer is yes, it’s

News Bot September 30, 2025 External Articles Read more

What is a Virtual Open House? The Modern Way to Show Your Home

In today’s digital world, more buyers are starting their home search online. This has led to the rise of the virtual open house, an innovative way for sellers and real estate agents to connect with potential buyers without the need

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Urban vs Suburban Living: Which Lifestyle Fits You Best?

Choosing where to live is one of the biggest decisions you will make, and it shapes your daily life more than you might realize. Some people thrive on the constant buzz of the city, enjoying the excitement and convenience at

News Bot September 30, 2025 External Articles Read more

Divorce Home Appraisal: How Do They Work and Who Foots the Bill?

Divorce can be both emotionally and financially complex, with one of the significant issues to resolve being what happens to the marital home. To divide assets fairly, a divorce home appraisal must provide an objective assessment of the property’s fair

News Bot September 30, 2025 External Articles Read more

Today’s Mortgage Rates September 30, 2025: 30-Year FRM Slightly Higher, Refinance Rates Jump

As of September 30, 2025, mortgage rates have slightly increased for 30-year fixed loans but show mixed trends across other loan types. The average 30-year fixed mortgage rate rose by 3 basis points to 6.62%, while the 15-year fixed rate marginally

News Bot September 30, 2025 External Articles Read more

Big Jump in Mortgage Rates Today: 30-Year Refinance Rate Rises by 62 Basis Points

If you’re thinking about refinancing your home, you need to know that mortgage rates today have seen a significant shift. According to Zillow, the national 30-year fixed refinance rate has climbed a substantial 62 basis points, moving from an average of 7.03% to

News Bot September 30, 2025 External Articles Read more

Mortgage Rates Predictions This Week: September 28 to October 4

This week, from September 28 to October 4, 2025, the mortgage rate outlook suggests a period of relative calm, with the average rate for a 30-year fixed loan likely hovering around the 6.3% to 6.4% mark. While we might see minor ups

News Bot September 30, 2025 External Articles Read more

Mortgage Rates Predictions for the Next 6 Months: October 2025 to March 2026

Thinking about buying a home or perhaps refinancing your current one? If so, you’re probably wondering what’s going to happen with mortgage rates over the next six months. My best guess, looking at all the expert chatter and economic signs,

News Bot September 30, 2025 External Articles Read more

Florida Housing Market Sees a Major Shift With a Jump in Pending Sales

Get ready for some exciting news, Florida! After a period of waiting and watching, the Sunshine State’s housing market is finally showing a significant, encouraging uptick. Florida’s housing market saw a major positive shift in August 2025, with a notable surge

News Bot September 30, 2025 External Articles Read more

Federal Reserve Begins Key Interest Rate Meeting with Economic Jitters

The Federal Reserve’s September 2025 Federal Open Market Committee (FOMC) meeting begins today, September 16th, and will conclude tomorrow, the 17th. This meeting isn’t just another check-in on the economy; it’s a pivotal moment where big decisions about interest rates

News Bot September 16, 2025 External Articles Read more

Interest Rates Predictions by Bank of America 2025-2026

Are you keeping an eye on where interest rates are headed? You should be! Interest rate predictions by Bank of America have shifted, and it could impact your wallet. Bank of America now expects the Federal Reserve to cut interest

News Bot September 16, 2025 External Articles Read more

Mortgage Rates Today: 30-Year Fixed Refinance Rate Dips to 6.64%

If you’re eyeing a refinance, here’s the headline: According to Zillow, the national average for a 30-year fixed refinance rate has edged down to 6.64% as of today, September 16, 2025. This small dip from 6.65% might seem insignificant, but it could be

News Bot September 16, 2025 External Articles Read more
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About Me

I am a Real Estate Agent based out of Tonawanda, licensed to buy, sell and lease real estate in New York State! Give me a call, it might be the best decision you ever make!


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