Cathy Cataletto's Real Estate Today
Staten Island – Homes For Sale – What the Statistics for Homes Sales Are
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I am so happy to share with you the Statistics of residential homes that have Acceptances on them, along with Under Contract, Sold AND CLOSED to date.
When I pulled this information up, though I have been closing homes, I wasn’t sure what Staten Island has been doing as whole.
Remember that this also includes short sales, foreclosures and bank owned residential properties.
Below are the Stats:
Residential Homes With Acceptances: 272
Residential Homes That Are Under Contract: 667
Residential Homes That Have Sold and Closed: 1,487
All this information gives us an indication as to how healthy the Real Estate Market is to date.
If you would like more blogs like this, you can visit me at: cathycataletto.com
For more information on other Stats, please don’t hesitate to contact me.
Licensed Real Estate Sales Professional
To Learn More about Me click on this link.
Staten Island – Homes For Sale – What the Statistics for Homes Sales Are
Staten Island, New York Real Estate Agent With Update on Home Buyer’s Tax Credit Extention
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HOME BUYERS TAX CREDIT
(Reuters) - The House of Representatives on Tuesday approved giving extra time to thousands of homebuyers trying to get a popular federal tax credit by the end of the month.
The House backed by a vote of 409-5 a measure to extend the closing deadline to September 30 for buyers who already met the April 30 deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers.The Senate must still approve the measure before President Barack Obama can sign it into law.
Senate Majority Leader Harry Reid and Senate Finance Committee Chairman Max Baucus announced on Tuesday they would try again to find a way for the Senate to consider the popular measure.
Reid, a Democrat, faces a tough re-election fight in Nevada, where the U.S. foreclosure crisis is most pronounced.
Real estate agents say thousands of settlements may not be completed by Wednesday because settlement offices are slammed with buyers trying to close on transactions by the end of this month in order to receive the funds.
“Up to 180,000 homebuyers will now receive the tax credit they deserve, and our housing market will be strengthened as a result,” House Speaker Nancy Pelosi said in a prepared statement after the lower chamber approved the measure.
Critics say the three-month extension is an invitation for fraud, providing prospective home buyers time to back date contracts to a date before April 30 and subsequently closing on those contracts by the new September 30 deadline.
Congress extended the $8,000 tax credit for first time homebuyers last fall and added a $6,500 tax credit for all buyers who were purchasing a primary residence.
(Reporting by Corbett B. Daly, Editing by Diane Craft, Gary )
Cathy Cataletto Licensed Real Estate Professional 917-829-1402
FOR MORE IMPORTANT BLOGS AND INFORMATIVE BLOGS YOU CAN GO TO: cathycataletto.com
Just ask to able to view all the homes for sale on Staten Island, New York and I will send you a link!
Staten Island, New York Real Estate Agent Helps Explain The Meaning Of Interest Rates
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We see it, we hear about it, we read about it. Some fear it, some welcome it and some even play with it.
Interest Rates
It makes a difference in what price a buyer can afford to spend on a home, it matters if a buyer can even afford to purchase a home at all. It’s INTEREST RATES…They move up and down with a drop of a hat. One day they have people running to their banker to LOCK IN THE RATE, and on another day they AVOID THAT LOCK IN AND HOPE TOMORROW WILL BE A BETTER (LOWER) DAY.
With how important the Interest Rates are to so many of us it is very critical that people know the who, what, when and hows of the explanation of the Interest Rates.
An interest rate is the rate at which interest is paid by a borrower (for a mortgage on a home) for the use of money that they borrow from a lender. For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for deferring the use of funds and instead lending it to the borrower. Interests rates are fundamental to a capitalist society. Interest rates are normally expressed as a percentage rate over the period of one year.
There are also many different types of “loans” you can get which also reflects on your interest rates. You have some loans change depending on what year your loan is in, what the market it doing or you can have a set amount that stays with your loan till it is satisfied.
Some and ONLY SOME of the different loans that may be to qualified buyers are:
CONVENTIONAL LOAN - a mortgage not insured by FHA or guaranteed by the VA or Farmers Home Administration (FMHA). (This is the most common one at this point in time)
FHA LOAN – a loan insured by the Federal Housing Administration open to all qualified home purchasers. While there a limits to the size of FHA loan, they are generous enough to handle moderate priced homes almost anywhere in the country. (this type of loan is becoming more popular)
ADJUSTABLE RATE MORTGAGE (arm) - is a mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the renegotiate rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. (this loan should be looked at carefully due to the nature of its movement)
BALLOON (PAYMENT) MORTGAGE – usually a short-term fixed rate loan which involved small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the contract.
So as you can see, because of different types of loans that may be available to you, I would greatly advises you to please discuss this with your banker’s before heading out the door to find that perfect home. No matter what type of home you’re looking to purchase. A short sale, a foreclosure, a bank owned or a traditional purchase, you should know exactly what kind of loan you’re comfortable with, not just for today, but for tomorrow.
Staten Island, New York Real Estate Agent Helps Explain The Meaning Of Interest Rates: If you would like to read more of my blogs you can visit me at: cathycataletto.com
Cathy Cataletto 917-829-1402 Licensed Real Estate Professional
Learn more about me click on this link.
If you would like to see all the homes for sale on Staten Island, New York, contact me and I will connect you.
Tags: balloon mortgage, buyers, cathy cataletto, convential mortgage, fha mortgage, foreclosure, homes for sale, homes for sale staten island new york, sellers, short sale
STATEN ISLAND, REAL ESTATE AGENT, CATHY CATALETTO, WANTS YOU TO KNOW ABOUT THETAX CREDIT EXTENSION..
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By ANDREW TAYLOR (AP) – 19 hours ago 
WASHINGTON — The Senate on Wednesday approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.
The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.
The proposal, approved by a 60-37 vote, would only allow people who already have signed contracts to finish at the later date. About 180,000 homebuyers who already signed purchase agreements would otherwise miss the deadline.
Reid, D-Nev., added the proposal to a bill extending jobless benefits through the end of November. Nevada has the nation’s highest foreclosure rate, and Reid is facing a tough re-election campaign.
The Realtors group has been pushing hard in Congress for the extension. Mortgage lenders, the trade group says, have been swamped with borrowers trying to get approved by the end of the month. Many potential borrowers are unlikely to make the deadline.
“If Congress fails to act promptly, then prospective homebuyers might not get the benefit of the homebuyers tax credit, even though they have completed contracts,” the Realtors said a letter to lawmakers.
First-time buyers were eligible for a tax credit of up to $8,000. Current owners who bought and moved into another home could qualify for a credit of up to $6,500.
The $140 million cost of the measure would be financed by denying businesses the ability to deduct from their taxes punitive damages paid when losing lawsuits or judgments. Copyright © 2010 The Associated Press. All rights reserved.
Staten Island Real Estate Agent Cathy Cataletto wants you to know the great news about the Real Estate Tax Credit extension.
CATHY CATALETTO LICENSED REAL ESTATE PROFESSIONAL
TO LEARN MORE ABOUT ME CLICK ON THIS LINK AND VISIT ME AT: cathycataletto.com
Contact me if you wish to view all the homes for sale on Staten Island, New York.
Staten Island, New York, Real Estate Compared To Monmouth County Stats To Date…
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Outerbridge Crossing
As this spring market is coming to an end I wanted to keep on top of the market conditions in both Staten Island, New York and in Monmouth County, New Jersey. It seems though out the years I’ve been selling that both states seems to parallel each other. When the homes in Staten Island seem to be on a slow trend, than New Jersey seems to follow suite.
During my research from January 01, 2010 to date in both states I have compiled a list for the stats of sold/under contract and acceptances.
Staten Island, New York Residential:
Acceptance: 274
Under Contract: 864
Sold: 1256
Monmouth County, Residential New Jersey (keep in mind that in the state of NJ there is no acceptance, an offer is drawn up on a contract)
Under Contract: 1126
Sold: 1776
These numbers in both states is a clear indication that the market is not only repairing itself but moving forward. I hope the stats for Staten Island, New York Real Estate Compared to Monmouth County, New Jersey is something you find informative.
If you have any questions in regards to Real Estate Stats and how much homes are closing for then don’t hesitate to contact me at: 917-829-1402.
Cathy Cataletto Licensed Real Estate Professional
To view homes for sale in Staten Island, New York, click on this highlighted link.
Staten Island, New York Homes for sale during the Summertime…..
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Summer is here.
Warm weather allows us to dress with lighter clothes but also the toys start to come out. If you have a home with children, or you are a sports enthusiast, you know what the word clutter means.
Hey, I am the last person to preach on this subject but on the other hand, because I fall victim to this, I can both empathize with you and show how it could affect the sale of your home.
Perhaps you are already on board with me and know where I’m about to go with this, if not, then, as they say JUST DO IT!
Of course your family has to continue to live while you’re in the process of selling and SHOWING your home. But your home shouldn’t look like a sports arena. TOO many times I’ve showed homes and tried to walk without kicking a ball into the family cat or trying to prevent a buyer from falling and owning your home without PAYING FOR IT due to a law suite.
Invest in some net orginazers, some plastic containers and find places that are less visual. What I tried to explain to my own sport warriors in my own home, that unless you are so gifted that you can ride your bike, hit a baseball, kick a soccer ball and make a touch down all at one time, then pleaseeeeeee put away what you’re not using.
The second a buyer comes into your home, or drives up, it is at that moment they are already making a mental note as to if they can visualize themselves living there. Very few can see through the clutter and you may lose a buyer before they even walk into the next room. (if they can). Colors play a major role as well as if furniture is too large for the room.
So remember when you get an appointment, to make a clear pathway, shove and stuff if need be, and allow that buyer to walk freely in your home. It can, and usually does make a difference when the buyer comes through.
You will also find many interesting blogs that can help both the buyer and sellers by clicking here:
Cathy Cataletto Licensed Real Estate Professional
To be connected to homes for sale on Staten Island you double click on:
Tags: buyers, homes for sale, new york, sellers, staten island
Staten Island, Real Estate, A TOUGH MARKET NEEDS AN EDUCATED AND TOUGH AGENT…..
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A TOUGH MARKET NEEDS AN EDUCATED AND TOUGH AGENT
My name is Cathy Cataletto and I am a FULL TIME & FULL SERVICE Licensed Real Estate Professional in the Staten Island, New York area.
Being in this field for as long has taught me never to give up. To hang in there and follow through to the end. My Client’s, past and present, all know what I believe in and what I stand for. I take pride in helping each of my Client’s in their own individual way.
A good agent knows the mechanics of a transaction, where a GREAT Agent Never forget’s that this is/was someone’s home, placing the emotions along with their finances in your hands. Some need gentle guidance and some need an a very aggressive agent. To know the difference is needed to apply it takes years of learning.
We as agents do this daily, and it is so important to remember that most people only buy/sell a few time’s in a lifetime. They need our expertise, they need our knowledge and they need to know the entire anatomy of a transaction so they can be prepared. But most important, is education, I feel that every Client should be educated as much as possible, making them a stronger buyer/seller, for educating my Client’t, gives them control and power over the outcome.
The market that we’re in is a tough one, but it is still a good market. Interest rates are low, supply gives more choices, and most of the time a buy and a sale are a lateral move. No real lose or gain in the end, and it allows for people to “move on”.
In the end, I would like to say that if I can be of some assistance, please don’t hesitate to call on me. I can be reached from 9-9, 7 days a week.
I would love to chat with you.
Cathy Cataletto Licensed Real Estate Professional
For more about me: http://play.goldmail.com/6o1j2w8ja2i8
To be connected to homes for sale on Staten Island, just double click on this link and enjoy!
Staten Island Real Estate Agent gives tip’s on MISTAKES A BUYER CAN MAKE.
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Buying a home is usually one of the BIGGEST financial decisions the average person will make in their lifetime. As we forge forward in this every changing market, there are still mistakes that a buyer can make no matter what market we’re in.
BELOW PLEASE FIND SOME TIPS:
Being pre-qualifed – knowing your credit score – knowing what the banks are requiring is the FIRST STEP that any buyer needing a mortgage should do even prior to looking at homes. The smart buyer will be prepared and not be side blinded after spending time and money only to find out their in the wrong price range, or that the bank may refuse them a mortgage due to something on their credit.
Though there are different laws as we go from State to State there are some States that don’t required you to have an Attorney represent you in buying a home. (New Jersey being one of them) However, I would highly recommend anyone, anywhere looking to purchase a home to hire an Attorney. Here some can find themselves being a penny wise and a dollar foolish if a problem arises that an Attorney might have picked up on.
The buyer should be aware that any large purchase during the course of buying a home, (a car) or adding another credit card can put an immediate S T O P to you getting your mortgage. Again, go over all the do’s and don’ts that are the requirements for the bank you’re using. It is an awful feeling to know that with your closing date within close range won’t happen because of something you just recently did and would’ve been prevented.
A buyer should meet with their accountant or take stock as to the cost of owning/purchasing a home. Taking into consideration the Home Owners Insurance, the possible increase in their utilities, travel expensive if moving further away from their jobs. Your home should be somewhere that you enjoy spending your most cherished moments. If your bills exceed your income, or if there isn’t enough breathing room, then you will.
To own a home is truly an American Dream
NOT being able to afford to live there would be a TRUE NIGHMARE!
A buyer should also not skimp when it comes to knowing the quality of a home they’re about to purchase. Not only could there be some underlying problems but an good Home Inspector/Engineer can give you some good insight as to what your future repairs may be. How long you have left on a roof/heating system/air conditioning unit/hot water tanks..etc..
I would like to finish this by saying that there are so many other tib bits that an experienced Realtor can help you with, that I would highly recommend that you do your research and find someone that can best assist you before you even begin.
Looking for more interesting blogs like this, then come visit me at: cathycataletto.com
Cathy Cataletto Licensed Real Estate Professional
More about me – double click here.
OPEN HOUSE, SOUTH SHORE, STATEN ISLAND – 2 FAMILY DETACHED 7/4 WITH FINISHED BASEMENT AND GARAGE
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Saturday – May 1st
From – 12:00 to 3:00
AND
Sunday May 2nd
From- 1:00 to 4:00
695 Leverett Avenue, Eltingville (cross street-wainwright)
***MINT CONDITION*** TURN KEY HOME. JUST UNPACK AND ENJOY! 
- 695 LEVERETT AVE -
Eltingville
LARGE EAT IN KITCHEN WITH PLENTY CABINETS AND COUNTER SPACE
BREATH TAKING EAT KITCHEN WITH CHERRYWOOD CABINETS, GRANITE COUNTER TOPS & CERAMIC TILE FLOORS
WONDERFUL DINING ROOM WITH PLENTY OF WINDOWS
SPACIOUS LIVING ROOM WITH BEAUTIFUL HARDWOOD FLOORS
FAMILY ROOM WITH 1/2 BATHROOM AND SLIDERS TO YARD
MASTER SUITE PRIVATE 3/4 BATHROOM
BEAUTIFUL MAIN BATHROOM
FULL FINISHED BASEMENT WITH KITCHEN AREA/WET BAR| MLS#: 1060074 Beautifully renovated 2 fam detached 7/4 w/finished basement & garage. 3 BRS, 2.5 baths, MBR w/private 3/4 bath, vaulted ceilings in LR & DR, kitchen w/granite counters, cherry cabinets, tumbled backsplash, SS appliances, ceramic tile flr & Hi Hats. HW flrs,den w/sliders to yard. Finished basement. Owner is licensed real estate salesperson. |
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Presented by:
Catherine Cataletto - cathycataletto.com
Office: 718-966-4000 |
Offered at $ 669,900 | |
EMAIL: cathyscasa@aol.com
Appleseed Homes Inc.4651 HYLAN BLVD. |
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Tags: 2 FAMILY DETACHED, ELTINGVILLE, homes for sale, new york, OPEN HOUSE, staten island
Selling or Buying homes on Staten Island…INTERNET, NEWSPAPERS, MAGAZINES OH MY!.
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INTERNET, NEWSPAPERS, MAGAZINES OH MY!…Everyone knows that the internet is the way to go to market a home.
I’m using it right now to voice my opinion and you’re using it to read what I’m writing…So obviously it is something that we all agree on and use frequently…
But, with working with many different types of people, I have found that there are plenty of them whom don’t even own a computer..In fact, they rely on the newspaper and television to get their information. Some don’t understand English well, some can’t read or write well, some are afraid of technology, and some just don’t have a desire to learn. I have clients who don’t own a cell phone, nor will they leave a voice mail when they can’t reach me. They say, “sorry but I’m old fashion, I come from the old school!”
Making them feel comfortable with them knowing that ANYWAY they want us to be contact with each other is fine by me.
Actually, I was thinking last night….(did you smell the smoke???)…In my own family…I could think of at least 10 people that don’t own a computer. Their ages are over 60, and today that isn’t old…in fact the older I get..that age almost seems to appear to be youthful…But my point is..they buy and sell..and with no access to the net,,they have no choice but to depend on a agent to look for them, or to look in the newspaper.
Yes, there are statistics to support that the computers work best for the real estate market, but I feel we should keep in mind that not everyone looks for homes on the net, and we may be missing a few good clients.
I guess what my suggestion would be is if you know anyone who is as I described and they are looking to buy or sell a home, to give them some assistance with using your computer, or having them meet with an experienced agent who can do this with them.
Everyone have a great day and I’ll SEE YOU ON THE INTERNET.
Cathy Cataletto Licensed Real Estate Professional
Get to know Me: http://play.goldmail.com/6o1j2w8ja2i8
Visit My Forum at: cathycataletto.com
