Real estate blog entries tagged with market by Catherine Cataletto (Tom Marco Real Estate)

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market: STATEN ISLAND, NEW YORK HOMES FOR SALE IN THE WINTER - 01/26/11 10:40 AM

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 … (1 comments)

market: HOUSE FOR SALE, STATEN ISLAND, SEE WHY A REAL ESTATE SALESPERSON WOULD LIST HER OWN HOME - 04/14/10 06:43 AM

Why would some one hiring a real estate salesperson to sell their home? Why would someone pay a commission in order for a real estate salesperson to find a buyer? Why would an owner, who's bought and sold a house or two before need some help? Why would an owner remove a for sale by owner to have a real estate sign there instead?

There is so much here that I can get into, but I will try to stay very basic and get to the point by personalizing with you.
First let me say that I have been a real … (2 comments)

market: What is the trick in making money in selling your home in Staten Island, New York or in Monmouth County, New Jersey? - 02/27/10 06:18 AM

The prices of homes in the past few years have declined, the equity in one's home has decreased, so how can someone sell their home and get "that price" that will make them happy enough to move on?
Well there is NO TRICK,

it's just getting a little education of what is happening on the "other end"!
The rule of thumb to use is:
When selling and buying real estate, it will always be a lateral move financially. If your home went down 15% from last year, then the house you're going to be purchasing will also have decreased that same 15%. … (0 comments)

market: IMPORTANT READ IF YOU'RE THINKING OF REMODELING YOUR HOME....AND MORE INFORMATION THAT MAY SAVE YOU MONEY... - 02/08/10 04:56 AM

Money Magazine) -- Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from Remodeling magazine, the average return on value for an upgrade declined from 87% in 2005 to 64% in 2009. But these six new rules will help you maximize your return on your remodeling investment.
Rule No. 1: Repairs get the biggest returns
The smartest money now goes into "undeferring" needed maintenance. That's because … (1 comments)

market: SELLER WANTS TO SELL..BUYER IS ABLE AND WANTS TO BUY...THEN WHAT COULD BE THE PROBLEM... - 12/14/09 03:51 AM

I recently showed a home that is a two family to buyers whom where very interested. After trying for weeks to get a second showing, I come to find out, (via listing agent) that the tenant will not allow us access, however, I should tell the buyers to put in an offer and the tenant will be gone by the time the closing comes to be.My two problems is this: 1. How can you expect a buyer to purchase such a home without seeing the entire house.2. What guarentee those the buyer have that the tenant will be gone at time … (6 comments)

market: DISCLOSE OR NOT TO DISCLOSE...THAT IS THE QUESTION........................? - 12/05/09 11:04 PM

No matter where you live, we all share something in common in this market and that is Short Sales have become a part of our lives. I never have a problem with change, because if you've been a real estate Agent for as long as I have, that comes with the terrority....nor do I mind to continue toeducat myself to best represent my clinets and customer
However, there is something that has been bothering me.....
WHAT DOES THE LAW IN YOUR STATE REQUIRE US TO DO....AND WHAT IS YOUR PERSONAL OPINION....
DISCLOSE OR NOT TO DISCLOSE..IS THE QUESTION...?
SHOULD US AS AGENTS, DISCLOSE THAT A HOME … (10 comments)

market: SURVIVNG IN A WORLD OF CHANGE!!..... - 11/30/09 12:12 AM

… (0 comments)

market: Existing home sales at highest level since 2007............................... - 11/23/09 01:47 AM

NEW YORK (CNNMoney.com) -- Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units, up from the downwardly revised rate of 5.54 million in September.
The sales beat forecasts of 5.7 million annual units, according to a consensus estimate of analysts compiled by Briefing.com, and were 23.5% above the 4.94 million-unit pace of 12 months ago.
Sales activity is the highest since February … (4 comments)

market: Foreclosures: 'Tide may be turning' - 11/12/09 02:02 AM

NEW YORK (CNNMoney.com) -- Could the foreclosure plague be ending?
Foreclosure filings were down 3% in October, the third consecutive month-over-month dip, according to RealtyTrac, the online seller of foreclosed homes.
To be sure, foreclosure rates are still elevated from a year ago: They're up 18% compared with October 2008. But the month-over-month decrease followed a 4% drop in filings during September and a 1% fall in August.
Where does your state rank?
"Three consecutive monthly declines is unprecedented for our report, and, on first blush, an indication that the foreclosure tide may be turning," said James Saccacio, RealtyTrac's CEO, in … (0 comments)

market: BUYERS GET OFF THE FENCE NOW...HOME SALES ON A RISE....... - 11/03/09 02:25 AM

NEW YORK (CNNMoney.com) -- The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.
The September Pending Home Sales Index from the National Association of Realtors (NAR) spiked 6.1% to 110.1, consolidating a 6.4% gain in August. It was the index's highest level since December 2006, when it stood at 112.8.
The leap was far better than expected. A panel of analysts surveyed by Briefing.com had forecast a 1.2% rise.
Analysts, including Lawrence Yun, NAR's chief economist, have traced much of the improvement to the … (3 comments)

market: Home sales rebound to highest level in 2 years - 10/23/09 01:01 PM

NEW YORK (CNNMoney.com) -- Sales of existing
homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to a report released Friday.
Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, said the National Association of Realtors. Year over year, sales of existing homes were up 9.2% in September.
"Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home," said Lawrence Yun, NAR chief … (3 comments)

market: Beware of real estate scammers - 10/23/09 01:47 AM

Foreclosure rescue, fake rentals among latest scams ...By Mary UmbergerInman News October 21, 2009
It's a jungle out there. You knew that already, of course. But there seems to be something about our troubled economic times that's bringing out the schemers, the scammers and the less-than-straightforward, many of whom have zeroed in on housing.
With the word "foreclosure" on so many lips, it's probably not surprising that con artists have found ways to prey on others' misery by promising to "fix" loans that have gone bad. But renters need to tread carefully these days, too, according to consumer advocates and … (1 comments)

market: Any buyers out there for an Adult Communtiy Condo in Indian Harbour Beach Fla - 10/20/09 05:21 AM

My Dad has a condo up for rent and we should be putting it up for sale next week. Just would like to get a head start on it.
We are using a local Realtor who weve been using for many years now.
Here are some of the details.
2 bedroom, screened in porch, 1st floor, 1 & 1/2 baths living room, dinning room, kitchen, community pool and walking distance to beach.
Please contact me for further details.
Cathy Cataletto
NY & NJ Licensed Real Estate Salesperson
732-489-3044

… (0 comments)

market: Any buyers out there for an Adult Communtiy Condo in Indian Harbour Beach Fla - 10/20/09 05:18 AM

market: WALL STREET CLOSING ABOVE 10,000.....TAKE A LOOK AT THESE NUMBERS... - 10/14/09 11:15 PM

THESE NUMBERS ARE TRULY AN INDICATION THAT WE'RE ALL HEADING IN THE RIGHT DIRECTION. REAL ESTATE MARKET WILL MOSTLY BENEFIT FROM THIS, HELPING OUR ECONOMY MAKE ITS REPAIRS...
DOES EVERYONE ELSE FEEL THIS WAY?
CATHY CATALETTO
Licensed Real Estate Salesperson
Serving Staten Island and Monmouth County
… (1 comments)

market: Winter, Spring, Summer or Fall...Which Season is the best to sell your home AFTER ALL? - 10/10/09 06:42 AM

THE ANSWER IS SIMPLE...WHEN IT'S RIGHT FOR YOU...For the many years that I've sold real estate, there has never been any rhyme or reason. True there is more activity during the warmer months, but people need to buy or sell for so many reasons that have nothing to do with the time of year. My own personal home was sold the second week into December. Had I waited for "the right time" I would've missed out on that buyer, and that buyer would've missed out on a beautiful home.
So my adivse to anyone looking to buy or sell is to … (1 comments)

market: Winter, Spring, Summer or Fall...Which Season is the best to sell your home AFTER ALL! - 10/10/09 06:28 AM

market: TIME TO SHINE................. - 10/07/09 03:17 AM

I have been finding more and more lately the need for my services. It is easy for homes to sell in a sellers market. It is easy for buyers to buy when prices are at an all time low along with low interest rates. However, getting a buyer for a home, or find a home for a buyer JUST DOESN'T CUT IT IN THIS MARKET.
GETTING OVER THE FINISH LINE IS WHAT SEEMS TO BE WHAT WE ARE NEEDED FOR.
Between the constant changing of the mortgage requirements, not having a buyer correctly qualified, and the having the appraisers using financially distress … (2 comments)

market: Would like some feedback on what other's are finding in List to Close Ratio? - 09/28/09 04:31 AM

No matter where we all live, I do believe we are all facing this "STRANGE MARKET" together.
Here in New Jersey and Staten Island where i Sell Real Estate, I am finding that the appraisals, mortgage requirements, nervous buyers and the UNSTABLE economy makes for a nail biting adventure of closing a transaction.
True, now more then ever both Buyers and Sellers need an expert to help facilitate their transaction. Which is the time for US FULL TIME FULL SERVICE EXPERIENCED AGENTS to SHINE.
With that said, I would like to hear your List to Close/Sell to Close ratio, what helps and what hurts.
I'm sure … (0 comments)

market: AGENT AND BUYERS ALMOST EATEN ALIVE....A STORY YOU DON'T WANT TO MISS...!!!! - 08/17/09 01:32 AM

Ahhhhh the ever so reassuring Agent notes that almost landed us in the hospital and with a law suit to fight..WHAT ARE PEOPLE THINKING...???????
I try to prepare myself just before showing homes. I speak with the Listing Agent, find out anything special I need to know, comment or question any unusual Agent notes...and thought I was good to go!
It's 90 degrees, I showed 4 houses, we have two more houses to see, and you are about to walk into something that you were never planning on when you put your Realtor Badge on.
With listing in hand, I glance down at the Agent … (3 comments)

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