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| THIS BEAUTIFUL SPACIOUS HOME features 3 LG BRS, 3 BATHS, FINISHED BASEMENT W/ ACCESS TO SIDE YD, EIK, SITTING RM W/ SLIDERS TO DECK. “STREET TO STREET” PROPERTY. REAR & FRONT ACCESS TO YARD, SKYLIGHTS, HIGH HATS, MINT CONDITION, JUST UNPACK. ( WAS BUILDERS MODEL, FIRST TIME LISTED) | |||
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A client asked me 6 weeks ago, what is the best time to list your home. Should we wait until the summer, or is spring a better time.
With the years of me selling real estate, history does repeat itself and this holds true to this question.
My answer to her was “There is a no time better time to sell a home then when that one buyer sees it on the market”
Taking my experience into consideration and seeing it with the proof I was able to show her with my other listings, she decided to list her home.
I am happy to report, that we are now, in the middle of the winter, fighting snow storm after snow storm, going into contract.
When is the best time to sell your home?….Anytime that theres a buyer looking to purchase it.
Cathy Cataletto – 917-829-1402
Licensed Real Estate Salesperson and Certified Short Salesperson
Though we would all like to say that real estate is selling like hot cakes, the facts are that as long as there is movement then there is a market that can satisfy both buyers and sellers.
Years ago, when interest rates where starting at 17%..yes 17%…homes weren’t selling like crazy, but we made many buyers and sellers happy. For whatever reason the makes a market slower then what many would like to see it, we are still far from the worse it “could be”.
Location, location, location is a saying that is known to almost all of us, but when a market is “tighter” then not, one ore two of the those important “locations” is now replaced with price.
Which is not a bad thing.
It becomes a fair thing.
Yes, in a perfect world, we as humans would love to get the most money that is coming to us, and pay less then what someone would like to sell it to us for. What this market does, BECAUSE THE INTEREST RATES ARE AT AN ALL HISTORY LOW…IS FOR US TO GET LESS AND PAY LESS..
WHAT IS WRONG WITH THAT? IT ALLOWS EVERYONE TO MOVE ON,,,THE MOVE BECOMES SUCH A FINANICAL BENEFIT BECAUSE OF THE LOW INTEREST RATES..WHICH IS WHAT STAYS WITH YOU AS THAT BUYER FOR MANY YEARS.
So, when people ask me “how is the market”, my reply to them is, it’s a market like we’ve never seen before, but on the same hand, it is a Fair market.
If you would like any other information regarding the market in my area, please don’t hesitate to contact me.
Below you can find the statistics of homes being sold on Staten Island, New York.
What do these numbers really mean? Who do they include?
Well to start off, these numbers are homes sold by licensed real estate salespeople. It is a clear indication that our professional experience still as it did for decades, help with sale and purchase of homes. Our services are still needed, especially in a difficult market and we continue to prove our worth to the public.
These home sales all include, bank owned, foreclosures, short sales, and the conventional home sales.
These are very good numbers in the market that we’re in and gives a lot of hope to people who are in the process of selling their home, or are indecisive
The most recent homes that have acceptances and that are under contract from January 1, 2010 to date are: 948 (nine hundred and forty-eight)
Homes that have sold from January 1, 2010 to date are: 1938 (one thousand, nine hundred and thirty-eight)
If you would like additional information or to find out how I can help you to become part of these great statistics, please feel free to reach out to me.
Search homes like a real estate salesperson by clicking on this link!
Everyone should understand that every market area has its own statistics, and when compared nationwide, it can be very misleading as to the home sales in your very own backyard.
There are areas that have been severely effected by the “housing bubble”, some feel it already popped, some feel that we haven’t even seen the worse of it yet, while others feel that we are on an upswing. If you traveled to other states and spoke to Realtors, you will be surprised to hear their “version”. Funny, how so many different versions can all be factual.
Keep in mind that real estate will always sell, what the prices are all vary according to the supply and demand.
Almost everyone at one time in their lives will have the real estate to sell. Some sell due to changes in their lives that are productive ones while others due to circumstances not within their control. On the other hand you will always have buyers, as with sellers, some buyers are forced to find a home to buy. The circle of real estate, no matter how down the market is/seems, homes are still selling.
I have found a very interesting article pertaining to this subject: New York-Will the housing market come back?
If you have any questions about the housing market in my area, don’t hesitate to contact me at: cathycataletto@aol.com – or you can visit me at cathycataletto.com and see my other interesting blogs.
SEARCH THE INTERNET LIKE A REAL ESTATE PROFESSIONAL.
We all hear these terminologies, Short Sales, Foreclosures, Pre-forclosure, Bank Owned Loan Modification , and it’s very easy to get confused, which makes it more frustrating and stressful to a homeowner that is in NEED TO DO A SHORT SALE.
A short sale really isn’t something to fear, in fact, when a homeowner is educated as to the meaning and the stages of a short sale, they welcome it. If a short sale is done CORRECTLY it is a wonderful burden taken off a financially distraught homeowner.The course and the certificates that an Agent receives is a good indication if that Agent is able to help guide that homeowner in the right direction.
There are so many myths vs facts which makes for a lot of homeowners to lose their homes.
With all the years that I’ve sold Real Estate and with my Designation of being a Short Sale Agent, it seems that I never grow a thick skin when I see that a homeowner has lost their home, and walks away owing so much money. Knowing that I have the, education, the tools and the experience, I just wish I could’ve been able to give them a fighting chance.
The questions of all those myths and facts vary from…
Is it too early to start a short sale, how long does a short sale take, how long can I stay in my home, if I am NOT BEHIND ON MY MORTGAGE can I still fit into the criteria of having the bank accept a short sale, what does the word short sale mean, do I owe money, do I pay money, can I get money at the closing from any proceeds on the short sale?…..
These are only a few questions that many homeowners are asking, not even to mention the foreclosures, pre-foreclosures, bank owned and loan modifications.
So in “short”, don’t hesitate to ask question, if you ever heard the expression, “theres no stupid question” this surely applies to that statment. The right Agent, a little education and the ability to see the reality of things, you may be surprised that there is a chance of you getting a major burden off your shoulders.
I hope to hear from anyone that can use my assistance, help is only a phone call away. 917-829-1402
To see more of my blogs like Short Sales, Foreclosures, Preforclosure, Bank Owned, Loan Modification-When is the “right time” for a short sale-you can visit me at: cathycataletto.com
If you would like to search the internet like an agent, double click on this link and enjoy!
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Possible car wash for sale also. Owner is selling land and building w/income increasing to 84,000 in 2011.
Call me for additional details at: 917-829-1402
FOR MORE MORE BLOGS YOU CAN VISIT ME AT: cathycataletto.com
During this market place we’re in and the changing guidelines of the mortgage companies and banks, it is so important to keep educated as to the changes. People ask me everyday on the market conditions, the prices of the homes and how hard is it to get a mortgage. Obviously, every transaction is different from the next but what I found while doing some research that there is a certain “guideline” a potential buyer can use.
Below you will find a link that will give you some informative information in regards to mortgages.
INFORMATIVE MORTGAGE GUIDELINES
If you would like to read more of my blogs, you can visit me at: cathycataletto.com
Click here to be search the internet like a real estate salesperson.
Color plays a BIGGER part in selling a house then one may realize. How you decide to dress your walls or “undress your walls” can convince a buyer that your home is move-in ready or leave them looking elsewhere. If the goal is to see the sparkle of “love at first sight,” consider picking the right paint palette to suit MANY different tastes.
Picking The PERFECT Colors:
Color choices are plentiful, as are the types of paints. When selecting interior colors, consider how you use each room or the feeling that you want to create for the space. Pick loud colors and your home will seem too busy. White is a great accent, but for walls it is a harsh and cold color. Instead of white, choose warm, inviting and neutral paint colors such as warm weights, linens, warm beige and olive tones.
The best rule of thumb for home remodeling is to stick to a color palette that isn’t too bland but also isn’t too bold. For smaller spaces, such as bathrooms, small bedrooms or sitting rooms, choose colors that make the room look bigger such as warmer whites. For the bigger rooms, select a paint that is a couple shades darker to create a cozy atmosphere, such as a tan color for walls, with white trim. With the average size bedrooms, I recommend the calming paint colors, they seem to work best.
Make sure the palette you create flows from room to room. You don’t want your home to look like a rainbow or a box of canyons. At paint stores, purchase a smaller can of paint and test it on the walls before committing to the color for the entire room.
If you have a room painted a UNSUAL color due to someone wanting to EXPRESS themselves. Then I HIGHLY recommend my clients to tone it down and allow the potential buyers to be able to see the possibilities for their own EXPRESSIONS.
Wallpaper Can Be A “Turnoff” And be DIFFICULT AND COSTLY TO “COME OFF”:
My experience with wall paper is that buyers never seem to enjoy the same patterns as the sellers. They then look at this as AN EXTRA COST, TROUBLE AND TIME in having to hire someone SOMEONE TO remove it. Buyers are also afraid of what they may find behind the wallpaper, will the sheet rock be in tact, will the walls now need to be repaired?
LOOK UP:
I can’t express the importance of repairing and painting any old water stains that might have been caused by a ONE TIME over flow from the kids splashing in the bathtub or a broken dishwasher. Make sure the problem (for what ever caused the stain) is repaired and remove anything that may give the buyers the wrong impression.
WATER PROBLEMS SCARE ALMOST EVERYONE
This also is true for cracks in the ceilings too. The best built house will at one time or another experience “settlement cracks”. This can be easily corrected with tape and compound, with some final paint touch up.
I hope these tips will come in handy. I’ve been in many homes for sale in Staten Island, New York as well as Monmouth County, New Jersey, and though style and sizes are almost always different, the BUYERS SEEM TO BE ALL ON THE SAME PAGE.
More of my blogs at: cathycataletto.com
There are a lot of buyers out there shopping for a home to buy. Why did their house sell and mind didn’t?
The simple answer is, how is it priced? I am not heading toward, let’s price is low and “GIVE YOUR HOUSE AWAY“. It is pricing it where it brings you in offers that make you IN CONTROL of the BEST PRICE YOU GET. Now keep in mind that the HIGHEST offer is NOT USUALLY your BEST OFFER. Your BEST offer is where the get a fair price from the BEST BUYER. I know how difficult it is to feel like you’re throwing money away but in reality you can’t lose something you never had. If that higher offer comes with a buyer with issues, low credit score, past foreclosures, income ratio, something to sell, if this is a second home, how long have they had their job. There are so many factors that come into play, which might be the reason why this buyer comes in with a higher price. They probably know, or have a feeling that due to the fact that they are NOT THE BEST OF BUYERS, that they need to give more money then what your home may be worth in the present market to more or less entice a seller to go with them.
Also, when you over price a house, you must know that you COMPETITION LOVES YOU and can’t thank you enough, because what you just did was SELL THEIR HOUSE. You merchandise them right into their home. Leaving your home STILL ON THE MARKET!
If you feel, ok I know my Agent did a proper CMA, and it should be priced at “this amount” well I just want to try it at this higher price, I just want to make sure I’m not giving my house away, during that CRITICAL FIRST TIME ON THE MARKET, may be how you lost that buyer that was waiting for your home to come on the market.
Another reasoning I find from my sellers is that, if they like my house, they will make me an offer. Now let me ask you a question? Especially with all the foreclosures, short sales and bank owned properties out there, though they may seem like they’re a slam dunk to buy, in reality they aren’t and a good agent can educate your potential buyer as to why it would be within their best interest to purchase a home without these issues.
Why would a buyer “make an offer” on a house that is overpriced, when the inventory has plenty at a lower price? THEY WON’T. So there is yet another reason why you may have lost your buyer.
I can continue on about this, but I think I hit on a few of the main reasons why pricing your home CORRECTLY from the start will in fact give you a better chance of getting more money for your home, then if you price it high.
Just keep in mind that if you do your homework and interview a few experienced real estate agents, and they can show you in black and white what your home is worth, use your common sense and you may be pleased and surprised with the outcome.
If you would like more informative and interesting blogs you can visit me at: cathycataletto.com
See all the homes for sale on Staten Island.