Sellers Ask, Where do Buyers Come From?Where do the buyers come from? When I go on a listing presentation that's one of the first question a seller will ask, and with good reason. The seller is about to hand over to me the biggest investment of their life, to trust me to bring a qualified buyer to purchase the property, and handle all the details of the sale of the property. Big responsibility! Where Do Buyers Come From? To market and sell a home it is important to know what sources buyers are using to find homes and what sources have become obsolete. National Association of Realtors (2006) is the source I am using here to demonstrate How buyers have replied to a survey of what source was used to search for a home.
Here at Appleseed Realty GMAC we have a plan for each house we take for sale. The marketing plan includes *maximum exposure *target home buyers as well as other real estate agents * promote the most desireable features of the property *continue to market the property until it is SOLD. The Drawbacks of an Overpriced PropertyMany sellers think that an overpriced property can reduced if it doesn't sell. The danger with this is by the time the property is reduced to "fair market value" buyers loose interest in the property and think there is something wrong with the property. Buyers then question; Why it hasn't sold? I hear these comments from Sellers when I go on a listing appointment for asking more than what the property is worth: "Lets Try a Price for a Couple of Weeks." OR "I need My price to sell my home." OR "I have to pay off my credit card debit." OR "My house had wood floors installed 20 years ago and I paid the builder extra." OR This is a custom paint job by Goomba Mike the Painter...I paid extra for the chair rail in the kitchen." OR "My house is all brick.....vaneer." Okay Okay.... So I may have exaggerated .....Not! Real estate agents are constantly on the alert for new properties to show their qualified buyers. And, buyers receive email alerts as properties are newly posted onto all the real estate sites. As a result, the most activity is when the house is first placed on the market. Therefore, its very important to price your home at the best price when you first place your property on the market. Week 1 A new property on the market generates a high level of interest Week 2 Peak market awareness during the first Two Weeks on the market Week 3 Declining awareness and interest as other new properties arrive on the market Week 4 Continued decline in Awareness and Interest
A Realtor can help a home seller find the market value of a property with a Comparitive Market Analysis. Setting a Fair prices helps to sell a home faster and at the maximum price. Visit my web site http://www.pepenella.com for more Seller Tips! The Home Selling ProcessWhats involved with selling my house? That's the first thought just before a property is put on the market for sale. How long does the process take? Where do we start? Here is the step by step that I use in my Listing Presentation:
That's it in a nut shell.
Grasmere----Staten Island, New YorkGrasmere Staten Island is located a few minutes from the Verrazano Bridge on the East side of Staten Island; with many small ponds and lakes. A busy neighborhood plenty of shopping close by & the busses roar thru the neighborhood en route to Manhattan or Brooklyn, mostly working class people live there. Staten Island railway runs thru Grasmere and into St George to the Staten Island ferry. The Staten Island ferry is a free ride into lower Manhattan. FYI the Staten Island ferry floats past the Statue of Liberty in New York Harbor. "Give me your tired, your poor,
There is an energy that lives in this neighborhood, chock full of history. I listed a house in Grasmere recently, see pictures of below. The townhouse is new to the neighborhood and represents how Staten Island has grown and developed. Grasmere is easily accessable to the culture and arts and business life of the city. The property is at the highest point in the development; A very spacious unit with all the amenities any home owner would desire.
ask price $479,000. 3 Bedroom 3 Bath Townhouse Staten Island New York 10304 call Appleseed Realty GMAC real estate { 718-226-7100} Connie Pepenella http://www.pepenella.com to find your Dream Home
A bad case of Stage Fright.Foreclosure Rates Continue to Spike on Staten Island. This is the story NY 1 News requested for My 'Broker Opinion' here on the island. I included a link so you can read the interview. My interview with New York 1 News click here Michelle Park did a fine job with the final product, a real professional! But, I on the other hand choked. I had a bad case of stage fright.I spent all morning preparing for the interview equipped with the interview topic only; "The foreclosure market on Staten Island." I researched any current information I could find on the subject, talked to a couple of trust worthy mortgage banker friends, and blended it with my personal knowledge. You can read my preparation notes in my blog titled " Forget Wall Street....Lets Bail out Main Street." When Michelle arrived to my office she set up the camera equipment and was ready. I sat facing the camera what seemed like one foot from my face. All I could think of "What duh heck! The camera is too close..... I'm just not ready for my close up." Michelle ask me the first question and my mind went totally Blank! I looked like a deer trapped in headlights. (see picture below) There I sat after 16 years in the real estate business, and I couldn't even tell her my office telephone number. "Oh No, I thought, how am I going to get out of this?" Michelle did ask another question and I couldn't remember the question nor the words I had just spoken. Some how a reply survived the interview and made the story. The next day the interview did air on NY 1 News and it really wasn't all that bad. A few friends called and told me the interview went well and what did I think the problem is? Okay, Katie Curic and Diane Sawyer I'm not but, it was fun and a good tale to tell my friends. I plan to practice- practice-practice in front of my little Cannon camera until this Realtor Can. In the mean time I will stick to what I know..... Selling Homes.
Forget Wall Street ......Lets Bail Out Main Street!Staten Island New York has the highest foreclosure rate in New York City. But not as large as the other boroughs in percentage. Staten Island falls at 1.6 times the National Average. Approximately 1 out of every 700 households ends up in foreclosure on Staten Island. On a Yahoo house search I ran today 315 homes are listed in foreclosure and the homes are not limited to the average price of $400,000. I found homes listed up to 1.8 Million dollars on the foreclosure for sale list. Homeowners got into trouble in the first place because they were sold on the idea home prices would continue to skyrocket. Skipping around foot loose and happy blinded by $$$ signs. They bought into adjustable mortgages with the idea they could flip property OR fix up the property they already owned. Not taking into consideration as the interest rates would go up so will the monthly payment. Every home buyer should get within 72 hours of applying for a mortgage a "TRUTH AND LENDING" form which shows all costs involved with a mortgage purchase. Banks are not going after homeowners 3 - 4 months late on their mortgage because, Banks are not in the business of home ownership. The average foreclosure takes about a year. Banks are waiting to see what participation The Federal Reserve will offer. And, what kind of Life Raft comes out of Congress. There will be a light at the end of the tunnel for the foreclosure market, But we're not there yet! Here are a few suggestions to help resolve the problem:
A saying out on the street today: People complain about bailing out Wall St. We should be more concerned about bailing out Main St. President Bush's' rebate plan is a band-aid to the American people of disposable income. A plan to Target the aid and save millions of tax dollars by reducing the mortgage rates to homeowners already in financial trouble which would give them disposable income every month is a better idea. Feel Free to comment on this blog..... Two Family Semi FOR SALE...Staten Island, NYEssex Drive Latourette Like new Two family 2100 SQ FT, Luxury home. 3 Bedroom 3 bath in main unit. Ground level One bedroom, 1 full bath, with living room, eat in kitchen and laundry room. Cherry wood kitchen with sliders to deck and yard, central air condition, high hats. Master bedroom with private bath, high ceilings wood floors and large rooms. Off the street parking and walk to the Staten Island Mall. Asking Price: $459000. Call Appleseed Realty GMAC real estate 718-226-7100 for more information.....
Attention Home Buyers... Houses on Sale Now!Short term interest rates have been lowered a half percent yesterday by the Federal Reserve aka FEDS. Long term rates will follow. Perfect time to buy is now. Lower interest rates means lower monthly payments. It will cost you less to live in a house today then had you purchased a year ago. Home prices have fallen and along with it the interest you will pay on a mortgage.
NY1 News Interview.....Activerain Success Story!Yesterday wasn't an ordinary real estate day here at Appleseed Realty GMAC real estate. I got a call from Michelle Park Reporter NY1 News, Staten Island Unit, first thing in the morning regarding the Outlet Center now known as: Waterfront Commons in Tottenville. My blog comment on activerain had been found somewhere at the top of a google search. Michelle wanted my opinion as a Tottenville resident of the planned project. I agreed and we set up an appointment to meet later in the day. New York1 News Interview Click on the link to read the full story and also to listen to the television interview. Here are a few photos taken during the interview.
Reporter Michelle Park, Staten Island Unit, and Concetta Pepenella
The Tottenville Waterfront Outlet Mall is a wonderful idea. But the Owners & The Building Department need to take some responsibility prior to construction of this development to be sure the roadways are adequate to support the traffic the mall will bring.
Feel Free to leave Your comment...................... Tottenville Waterfront Commons ..... Bull Dozers Comming SoonLast night I attended the Special Meeting of the Tottenville Civic Association at St Marks Church. I could guess about 75 people were there along with two uniformed police officers, the project manager Joseph Margolis, and the Engineering Consultants, the Realtor selling the project. To their credit they brought the waterfront project and made an excellent presentation of the Outlet Mall. The project will be built on 30 acres of property including underwater; 4.8 Acres wetlands and Ponds. A 14 screen multiplex, 16 restaurants and 15-16 outlet stores. A total of 400,000 sq ft of retail space, 1189 parking spaces underground and 1700 above ground. The mall will be shaped like a horse shoe with the center area as large as 2 football fields. The football field area will host local community outdoor activities. The area will be pedestrian friendly with seating areas, walking paths over looking the water and a boat dock to pull up to the mall. They presenter ofered a plan to Widen Arthur Kill Road. Sounds Very Very nice! Construction jobs, Jobs boosting the local economy, I love the idea!!! But wait, hold everything! As a Staten Island Loving Resident we need to take a closer look at this. Some key words: Global Warming, Traffic, Infrastructure, Roadways, The Outerbridge Crossing. I mention Global Warming because every little bit counts. 25 Acres of trees will be bull dozed and cleared off the property. I am sure this will effect the Natural Eco System, the natural drainage, small creatures that live in the woods and more. I suggested at the meeting; Build the center Taller and Buffer the shore lines with native vegetation. Traffic was the Main concern by everyone that attended the meeting. The presenters told us Arthur Kill Rd would be widened. But no certain size was given. The President of the Tottenville Civic Association gave a passionate speech on why the mall is a bad idea, not wanted by the community at this location because of the traffic and roads. Another person mentioned; the Outerbridge was built for the horse and buggy days and already cannot handle the traffic as it is now. How in the world would another 3000 cars fit in? Infrastructure (the system of public works of a country, state, or region; required for an activity) Tottenville just does not have it. The Outerbridge is only four lanes, The roadways are only two lanes. The access on and off are just not substantial enough. We're putting the cart before the horse here on the island. The Outerbridge Crossing needs to be expanded or rebuilt. And a highway access to the property. But, I am sure the center will be built and life will go on.
Feel Free to Leave your comment........ |
Concetta Pepenella Broker Associate Staten Island, NY More about me… Appleseed Realty GMAC realestate Office Phone: (718) 226-7100 Cell Phone: (917) 797-5724 Email Me ;) Links;) Tags (Tag Cloud);) Archives
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