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Thursday, March 20, 2008
Plainview Spacious Split , Location, Location, Location!!!
New Listing Won't Last Call Now To Preview: 516 433-5921
Plainview
ID#: 2056925 PRICE: $ 439,000
Perfectly Maintained Updated Ranch In Prime Sd#4 Location. New: Cac, Alarm, Siding, Landscaping, Carpet, Window Treatment.Just Bring Your Toothbrush!!!
Bedrooms: 3
Baths: 1 Full Bath
Kitchens: 1
Approx Sq Ft: N/A
Style: Ranch
Taxes: $ 9,328
Year Built: 1953
Find Out What Your Home Is Worth In Today's Market. Call For Your "Free CMA"
Why is it that some homes sit on the market for a year while others sell like hot cakes? Frustrated sellers will blame a bad market, while a good real estate professional will tell you that many times, a slow sale is often attributed to the listing price.
If a home is overpriced, buyers will stay away. But, if the price is competitive with similar homes in the area and “shows” better than the competition, it will have a better chance of being sold quickly.
The secret is perfecting a technique that’s as American as apple pie: comparative shopping.
Although comparing houses with different styles, square-footages and locations is challenging, real estate professionals still feel it’s one of the best methods to use when determining a home’s market value.
A responsible real estate agent will effectively evaluate a home’s worth through a process known as Comparative Marketing Analysis (CMA). Taking a look at assets, such as a swimming pool, bigger than normal living spaces, a fantastic view, adjacent city parks and other attractions, the agent will begin to compare your home with similar properties, called “comparables,” that have sold in the area within the last six months. Typically, the agent is able to recommend a realistic price range that will ensure you top dollar and a reasonably
However, factors such as the amount of time needed to sell your home can alter the agent’s price recommendation dramatically.
Typically, people should check with real estate offices in the community to determine the typical duration that listings are on the market. Sales associates will explain that the marketing “norms” vary with prices and properties. Based on these criteria, the agent feels confident that he or she will be able to sell it for a price that both you and the buyer will be happy with. However, if you’re under time constraints because of unexpected job changes or moving agreements you’ve made on another property, this will narrow your chances of selling the home for top dollar in the market.
Assuming you have sufficient time to market the home, here are a few small steps you and your agent can take to finding the right price for your property.
The best comparisons can be made with similar homes that have been sold within the last 45 days as opposed to the standard six months. Any longer and other factors, such as the economy, could cloud your view of how much your home is really worth.
Another good benchmark is to review the selling prices of homes that have just been sold and are pending closes. Most MLS services provide information on deals pending that most real estate agents should be able to shore with you.
A good rule of thumb before setting a price is to make 20 comparisons of comparable properties within a one-mile radius of your house. Once completed you can feel comfortable that the price you’ve picked is a good gauge of the home’s worth and won’t discourage qualified buyers.
Being open and honest about what you see as the home’s greatest strengths and biggest weaknesses will also help an agent get a better feel for how to best evaluate (or assess) and market your home. Think of your home as if you were the buyer. If your home is listed at the right price, you’re well on your way to a speedy and fruitful sale.
If a home is overpriced, buyers will stay away. But, if the price is competitive with similar homes in the area and “shows” better than the competition, it will have a better chance of being sold quickly.
The secret is perfecting a technique that’s as American as apple pie: comparative shopping.
Although comparing houses with different styles, square-footages and locations is challenging, real estate professionals still feel it’s one of the best methods to use when determining a home’s market value.
A responsible real estate agent will effectively evaluate a home’s worth through a process known as Comparative Marketing Analysis (CMA). Taking a look at assets, such as a swimming pool, bigger than normal living spaces, a fantastic view, adjacent city parks and other attractions, the agent will begin to compare your home with similar properties, called “comparables,” that have sold in the area within the last six months. Typically, the agent is able to recommend a realistic price range that will ensure you top dollar and a reasonably
However, factors such as the amount of time needed to sell your home can alter the agent’s price recommendation dramatically.
Typically, people should check with real estate offices in the community to determine the typical duration that listings are on the market. Sales associates will explain that the marketing “norms” vary with prices and properties. Based on these criteria, the agent feels confident that he or she will be able to sell it for a price that both you and the buyer will be happy with. However, if you’re under time constraints because of unexpected job changes or moving agreements you’ve made on another property, this will narrow your chances of selling the home for top dollar in the market.
Assuming you have sufficient time to market the home, here are a few small steps you and your agent can take to finding the right price for your property.
The best comparisons can be made with similar homes that have been sold within the last 45 days as opposed to the standard six months. Any longer and other factors, such as the economy, could cloud your view of how much your home is really worth.
Another good benchmark is to review the selling prices of homes that have just been sold and are pending closes. Most MLS services provide information on deals pending that most real estate agents should be able to shore with you.
A good rule of thumb before setting a price is to make 20 comparisons of comparable properties within a one-mile radius of your house. Once completed you can feel comfortable that the price you’ve picked is a good gauge of the home’s worth and won’t discourage qualified buyers.
Being open and honest about what you see as the home’s greatest strengths and biggest weaknesses will also help an agent get a better feel for how to best evaluate (or assess) and market your home. Think of your home as if you were the buyer. If your home is listed at the right price, you’re well on your way to a speedy and fruitful sale.
Monday, March 3, 2008
Plainview Homes Are Selling, Call Mark Schreier LSA, (516) 263-9094, To Find Out How To Sell Yours
Houses that closed for the month of February
1) 6 Lillian Ln Plainview $380,000 Ranch
2) 165 Floral Ave Plainview $350,000 Cape
3) 66 Helen Ave Plainview $477,000 Exp Ranch
4) 8 Myron Rd Plainview $487,500 Split
5) 1 Debora Dr Plainview $519,500 Split
6) 5 Algiers St Plainview $520,000 Split
7) 100 W Cherry Dr Plainview $540,000 Hi Ranch
8) 10 Radnor Rd Plainview $618,500 Split
9) 39 S Oaks Blvd Plainview $680,000 Split
1) 6 Lillian Ln Plainview $380,000 Ranch
2) 165 Floral Ave Plainview $350,000 Cape
3) 66 Helen Ave Plainview $477,000 Exp Ranch
4) 8 Myron Rd Plainview $487,500 Split
5) 1 Debora Dr Plainview $519,500 Split
6) 5 Algiers St Plainview $520,000 Split
7) 100 W Cherry Dr Plainview $540,000 Hi Ranch
8) 10 Radnor Rd Plainview $618,500 Split
9) 39 S Oaks Blvd Plainview $680,000 Split
Monday, February 11, 2008
Short Sale & Foreclosure Helpful Tips
Homeownership isn’t always a happily ever after story. There are times when owners can no longer meet their mortgage obligations. In this case, there are several options.
One is foreclosure. In this scenario, buyers have a grace period where they can stay in the home and try to make good on their outstanding debts. Eventually, if they are unable to reverse their current course, the bank or lender will evict the owner, reclaim the home and place it on the market for sale.
A second, lesser-known option is called a short sale. Here the lender agrees to take a loss on the home in exchange for recouping most of what is owed to them. In other words, if you owe $90,000 on your mortgage, your bank may agree to take $80,000 and consider the debt paid. The benefit for the lender is that the case is expedited and closed without the added expense of a foreclosure proceeding. Of course the seller would not see any profit from the sale.
If you find yourself in such a position, research the short sale option further. Start by using online resources to learn about the agreement. If you think it is feasible for you, consult with your lender and a real estate attorney who is familiar with this arrangement
When you closed on your home, you surely did not envision yourself in this situation. Unforeseen circumstances, such as a job loss, can put you in a position you never imagined. It is imperative that you look at all options, including bankruptcy, foreclosure and the short sale before you select the one that will work best for you.
One is foreclosure. In this scenario, buyers have a grace period where they can stay in the home and try to make good on their outstanding debts. Eventually, if they are unable to reverse their current course, the bank or lender will evict the owner, reclaim the home and place it on the market for sale.
A second, lesser-known option is called a short sale. Here the lender agrees to take a loss on the home in exchange for recouping most of what is owed to them. In other words, if you owe $90,000 on your mortgage, your bank may agree to take $80,000 and consider the debt paid. The benefit for the lender is that the case is expedited and closed without the added expense of a foreclosure proceeding. Of course the seller would not see any profit from the sale.
If you find yourself in such a position, research the short sale option further. Start by using online resources to learn about the agreement. If you think it is feasible for you, consult with your lender and a real estate attorney who is familiar with this arrangement
When you closed on your home, you surely did not envision yourself in this situation. Unforeseen circumstances, such as a job loss, can put you in a position you never imagined. It is imperative that you look at all options, including bankruptcy, foreclosure and the short sale before you select the one that will work best for you.
Mortgage Forgiveness Dept Relife Act of 2007
On Thursday December 20th President Bush signed into law a bill passed by Congress HR:3648. This bill is also know as the Mortgage Forgiveness Debt Relief Act of 2007. The bill can be a huge help for people considering a "Short Sale" in that unpaid mortgage debt is not considered taxable income. eg: Your home has a current market value of $350,000 and your mortgage balance is $400,000 under the old law if the bank forgave the difference on a the sale you would have to declare the $50,000 as a taxable income. The new law eliminates this "Phantom Tax". Refer to HR3648 for all the details.
Saturday, February 2, 2008
They Buy to Own
Mark Schreier
Licensed Sales Person
Century 21 Prevete Real Estate
(516)263-9094
A desire to own a home of their own and to establish a household are the reasons homeowners most often cite for purchasing a home, according to a recent consumer survey.
Thirty-three percent of all buyers, and a whopping 70 percent of first-time buyers, express these as prime motivators in their quest for a home purchase, according to the National Association of Realtors® 2007 Profile of Home Buyers and Sellers.
A wish for a larger home, a job-related move, a change in family situation, a desire for a home in a better area and an interest in being closer to jobs, relatives, school or transit are also high on the list of reasons for purchasing a home.
Interestingly enough, taking advantage of perfect market conditions was not mentioned – not this year, not last year – not in NAR’s 26-year history of surveying buyers and sellers.
“The bottom line is that housing is a good long-term investment with both financial and non-financial rewards. While the financial gains have been significant for most owners, it’s the social and personal benefits that really influence consumers to buy a home,” explained Joseph Mottola, President Long Island Board of Realtors.
“Most people buy homes to become homeowners, to live in those homes, and to be part of the communities in which those homes are located. People don’t just buy a house or a condo – they buy a home,” he said.
Reasons for a home purchase vary quite substantially among different age groups. Three-quarters of home buyers between ages 18 and 24 report purchasing a home because they want to own a home of their own or establish a household. In fact, for all buyers 64 or younger, this is the most frequently cited primary reason for purchasing a home.
Home buyers 65 years and older reported that their primary reason for purchasing a home was to downsize to a smaller home (19 percent), retire (18 percent) or to be closer to family, friends, and relatives (18 percent).
Mottola noted that for the most part speculators have left the housing market, leaving serious buyers with a wide variety of inventory to choose from.
Because market conditions vary by location and because there are many factors to consider in finding the right home and the right financing, it’s important for consumers to work with a real estate professional as they consider one of the most significant transactions of a lifetime, he added.
“By the end of 2007, one of every 16 Americans will have purchased a home,” Mottola said. “Those who hang on to their home for five to 10 years can expect a healthy return on their investment in addition to the priceless benefits of living in a home of their own,” he added].
NAR’s 2007 Profile of Home Buyers and Sellers is available for sale at www.realtor.org/store.
LET ME HELP YOU FIND A HOME TO CALL YOUR OWN. CALL TODAY! (516)263-9094
Licensed Sales Person
Century 21 Prevete Real Estate
(516)263-9094
A desire to own a home of their own and to establish a household are the reasons homeowners most often cite for purchasing a home, according to a recent consumer survey.
Thirty-three percent of all buyers, and a whopping 70 percent of first-time buyers, express these as prime motivators in their quest for a home purchase, according to the National Association of Realtors® 2007 Profile of Home Buyers and Sellers.
A wish for a larger home, a job-related move, a change in family situation, a desire for a home in a better area and an interest in being closer to jobs, relatives, school or transit are also high on the list of reasons for purchasing a home.
Interestingly enough, taking advantage of perfect market conditions was not mentioned – not this year, not last year – not in NAR’s 26-year history of surveying buyers and sellers.
“The bottom line is that housing is a good long-term investment with both financial and non-financial rewards. While the financial gains have been significant for most owners, it’s the social and personal benefits that really influence consumers to buy a home,” explained Joseph Mottola, President Long Island Board of Realtors.
“Most people buy homes to become homeowners, to live in those homes, and to be part of the communities in which those homes are located. People don’t just buy a house or a condo – they buy a home,” he said.
Reasons for a home purchase vary quite substantially among different age groups. Three-quarters of home buyers between ages 18 and 24 report purchasing a home because they want to own a home of their own or establish a household. In fact, for all buyers 64 or younger, this is the most frequently cited primary reason for purchasing a home.
Home buyers 65 years and older reported that their primary reason for purchasing a home was to downsize to a smaller home (19 percent), retire (18 percent) or to be closer to family, friends, and relatives (18 percent).
Mottola noted that for the most part speculators have left the housing market, leaving serious buyers with a wide variety of inventory to choose from.
Because market conditions vary by location and because there are many factors to consider in finding the right home and the right financing, it’s important for consumers to work with a real estate professional as they consider one of the most significant transactions of a lifetime, he added.
“By the end of 2007, one of every 16 Americans will have purchased a home,” Mottola said. “Those who hang on to their home for five to 10 years can expect a healthy return on their investment in addition to the priceless benefits of living in a home of their own,” he added].
NAR’s 2007 Profile of Home Buyers and Sellers is available for sale at www.realtor.org/store.
LET ME HELP YOU FIND A HOME TO CALL YOUR OWN. CALL TODAY! (516)263-9094
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