Archive for the ‘brooklyn homes’ Category

Spring Time Have the Best Garage Sale at Your Brooklyn Home

Sunday, April 21st, 2013

Have a Garage Sale at your Brooklyn Home

Have a Garage Sale at your Brooklyn Home

Spring time is here. It’s that time of year again… time for spring cleaning, and to have a garage sale at your Brooklyn home!  This year, you can have your most successful garage sale ever.  Here are a few tips to help:

·        Advertise your sale in local newspapers and online.  Many of the habitual Saturday morning garage patrons use the paper to plan their morning.  They do this to make sure they hit all of the sales in certain neighborhoods.  In the ad, mention your  Brooklyn home address, date and time of your garage sale and big or hot items you have for sale. 

·        Open early.  It’s best to open early, around seven in the morning.  Sales tend to taper off in the afternoon.  Don’t disappoint early shoppers who are typically your best buyers.  They have a busy schedule and a lot of sales to hit.  Open on time, or even a few minutes before the time you advertised.

·        Make plenty of signs pointing the way to your Brooklyn home.  If your yard is difficult to see, or is not on a main road, post signs pointing the way.  If allowed, post the signs near a main road and attach a few balloons to it.  This will catch the attention of the passing motorists.

·        Have everything clearly labeled with reasonable prices.  Keep in mind that these shoppers are looking for a bargain and price accordingly.  You can individually label each item, or use an easily readable color-coded chart.  For instance, a blue sticker means 25 cents, red stickers mean 50 cents, yellow stickers mean $1, etc.

·        Offer specials at different points during the sale.  You can offer a “two-for-the-price-of-one sale” hour or a “twenty percent off during the next hour” special.  Make sure to list your planned specials and their times at the bottom of your signs and newspaper ads.  At the end of the day, you may want to have an unadvertised special such as “fill a bag for $1” to get rid of as much as possible.

·        Donate leftovers.  Make your life easier and do something good for others by donating any items that don’t sell.  If you plan carefully, you can schedule a pick up by your local charitable organization at the end of your garage sale.

With these tips, you’re well on your way to having your best garage sale ever.

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Give me a calll Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at (718) 253-9600 ext 206 or email me at [email protected].

Considering Selling Your Brooklyn Home? Get the Scoop on the 3.8 Percent Real Estate Tax in the Healthcare Bill

Monday, September 17th, 2012

If you’re considering selling your Brooklyn home, you may have heard rumors that there is a new tax going into effect in January, 2013. Here’s the rundown on what the tax really is – and isn’t.

The new tax is called the ‘‘Unearned Income Medicare Contribution.” It is a 3.8 percent tax on the net investment income of high-income taxpayers. The tax will apply to those with an adjusted gross income of more than $200,000 ($250,000 for joint filers), with no indexing for inflation.

The Good News

Odds are that you will never pay this tax.

Why You Most Likely Won’t Pay the New Tax

The tax will apply to capital gains, not sale proceeds. Because of the current exclusion of gains on home sales — up to $500,000 (joint) or $250,000 (single) on a primary residence — the vast majority of home sellers will not be required to pay this tax.

 Here’s an example: A couple with an adjusted gross income of more than $250,000 (which qualifies them for the tax — more than 90% of households make less than that) decide to sell their house. They purchased their Brooklyn home long, long ago for $50,000. They sell the house, miraculously, for $549,000. Because that profit of $499,000 is under the $500,000 profit exclusion amount allowed for couples, they owe no tax.

The Bottom Line

There are plenty of other taxes that are worth getting upset about; this isn’t one of them.

If you’re Considering Selling Your Brooklyn Home on selling a Brooklyn home, I can help. Give me a call Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected].

 

 

Using Comparables to Sell Your Brooklyn Home Like an Olympic Athlete

Thursday, July 5th, 2012

With the London Olympics kicking off this month, athletes from all over the world are putting their competitive strategies into place to be one step ahead of the competition and go for gold. Channel the world’s champions this summer to establish a game plan, analyze what’s worked in the past and beat out the competition by presenting your Brooklyn home at its best!

Athletes constantly stay informed on the statistics of their biggest competitors, and so should you when it comes to selling your Brooklyn home. Below are the basic components to consider when using comparables to price your real estate:

Make sure the comparable house has sold. Before using a property as a comparable, it needs to have sold so that you know the selling price. Consider the original listing price as compared to the selling price of the home, when developing your winning strategy. Pay close attention to price reductions and how many months the house was on the market. These are essential indicators to pricing your property right the first time.

  • Look to see if it is the same type of home as yours. Find comparable sales that are similar to your home in square footage, style, construction material, number of bathrooms and bedrooms and other amenities.
  • See if it’s in the same location. Real estate pricing is largely based on location, so make sure any houses you consider as comparables are close to your own house or in proximity to the same conveniences.
  • Double-check the research. Just because someone hands you papers that they claim to be comparables doesn’t mean they actually are. You know your house best, so do your own research and read the fine print to make sure that the comparables you’re using to determine your property’s resale value are a good match.

Starting off on the right foot might help you sell your house faster than an Olympic track star. Dedicate yourself to researching comparables so that you can contribute educated facts when discussing the list price of your Brooklyn home.

If you need help pricing your property or need a real estate agent to help you beat out the competition, please call Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected].for more information.

 

 

 

Buying or Selling Brooklyn Short Sales Can Be Tricky

Sunday, June 24th, 2012

Call Charles for help with your Brooklyn Short Sale

Whether you own a property in distress or you’re looking to make a good investment. Buying or selling Brooklyn short sales can be tricky ,and a frustrating process. The best-case scenario is that sellers reduce their debt and buyers get a great deal, but that outcome is ultimately up to the bank.

Below are some standard short sale trials that both sellers and buyers should be aware of before getting their hopes up:

Sellers need to prove hardship. As a seller, you should talk with your bank and then gather all of the documents they require to put together a hardship portfolio to apply for a short sale. These usually include tax returns, employment status and other personal and financial information. Be quick about it, because the bank has the final say, and you don’t want to leave them hanging.

  • Everyone needs to get used to the waiting game. This is probably the most frustrating part, so don’t plan your life around a bank’s approval. They could take anywhere from a couple days to a couple years to make a decision.
  • Banks are waiting on banks. Not only are you waiting on the bank that has the mortgage, but there could also be other liens taken out against the short sale. Those third parties also have to sign off on the debt.
  • Buyers should get a thorough home inspection. If you’re considering buying a short sale property, make sure you hire a professional home inspector.
  • The home could go into foreclosure. Sometimes [city] short sales take so long that the owners cannot keep paying their mortgage and the home goes into foreclosure. Then the bank takes it over and starts a new waiting game.

If you’re considering buying or selling short sales, you’ll want to enlist professional help to navigate the tricky waters. As an expert on Brooklyn short sales, I can help. Please call me  Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected]. for more information.

 

Pricing Your Real Estate Right is Essential

Monday, June 4th, 2012
Pricing your real estate right is essential to a quick sale

Pricing your real estate right is essential to a quick sale

Pricing for your real estate right is  essential it is the most important factor to get it sold quickly and at a price you’re happy with. Why is it so important?

A high price can turn people away. Pricing doesn’t just influence how much money you’ll make off the sale of your Brooklyn real estate, it also dictates whether buyers will even take the time to look at your home. Price your home too high and it could sit on the market for months until you lower your asking price. Identify your home’s true value in today’s market, and set the price slightly under that price if you want to sell your home as quickly as possible.

    • Your home’s appeal drastically decreases after the first two to three weeks of showings. The amount of traffic that a listing gets in its first week is five to seven times higher than it gets in the following weeks. Buyers are wary of a home that’s been on the market for a long time. They suspect that something’s wrong with it.
    • Buyers shop by price brackets. If your home is priced one hundred dollars too high or too low, it can move your home into a different price bracket and exclude an entire set of potential buyers from even seeing that your home is for sale. Being in the wrong price bracket can reduce traffic to your listing by as much as 7%. Price brackets vary by market and by price. An experienced agent will know the best price bracket for your Brooklyn  real estate.
    • There’s a lot of competition. With so many homes for sale, yours has to stand out as a good value immediately or buyers will move on.
    • Dropping your sales price can be the kiss of death. If you need to lower your price, you’d better make it a reduction that counts. Small reductions give buyers the idea that you might drop it again a month from now. Buyers will realize you’ve dropped the price. The best listing sites show how many times a price has been reduced and by how much.

 

Pricing your home right is essential when it first hits the market is the key. Let me help you set the right price and position your home in the best price bracket to get it sold. Call me today  Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected]..

Buying Brooklyn Homes: Up-and-Coming Real Estate Trends

Wednesday, May 23rd, 2012

As a result of the changes in the real estate market and economy over the last few years, several new real estate trends are appearing. Here are four of them you might want to take into consideration when searching for Brooklyn homes to purchase.

Buy a home you can afford. In the past, some buyers bought more home than they could really afford. Today’s trend is to buy within your means (or even below your means). You still want to get pre-approved for a loan so you know the maximum you can spend, but don’t let that be your only guide to determining how much home you can afford. Consider your lifestyle. Do you want to spend your hard-earned income on vacations, hobbies, clothing, charity or your children rather than spending it all on mortgage payments? Do you prefer to live frugally now so you can save for your retirement? Or is your home where you prefer to spend the majority of your earnings?

  1. Consider live-in value as well as resale value: Buy a home that you’ll enjoy living in for the next five to seven years, rather than focusing exclusively on the future resale value of the home.  The rule in the past was that you needed to own a home for about five years in order to break even when you sold it. Now that real estate values are increasing at a slower pace, you may need to stay in your home up to seven years in order to break even or earn a profit when you sell it.
  2. Search for Brooklyn homes based on proximity: With the increasing price of gas, your daily drive to work can be very costly if it’s a long commute from your home. Consider buying a home that’s close to your work place or close to inexpensive mass transit. If you can find a home you enjoy that’s also close to where you shop and play, even better. You’ll save travel time and money.
  3. Compare the benefits of a well-planned smaller home to a rambling McMansion: According to Sarah Susanka, architect and author of Not so Big House, you can comfortably live in one-third less space than you think you can. Buy a home that you find beautiful and functional, and the size won’t matter.

Whether you’re looking at large or small Brooklyn homes, I can help you find and buy the home that fits your needs. Give me a call today  Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected].

How to Catch a Brooklyn Home Buyer’s Eye

Tuesday, May 15th, 2012

How to Catch a Brooklyn Home Buyer

In this economy, every leg up on other sellers will help your home sell faster and at the price you want.  If you’re not getting the offers you want on your Brooklyn home, here are nine ideas to get things moving in the right direction:

Get an appraisal.  Knowing what a professional appraiser thinks your home is worth gives owners a reality check. It also helps you determine the best price for your home.

  1. Get a home inspection before listing your home.  Find out the hidden problems with your Brooklyn home and correct them in advance. If you get your home inspected and find problems but elect not to repair them, be sure to include the problems on the property condition disclosure form.
  2. Consider offering a home warranty.  Everyone likes a security blanket and a home warranty gives buyers an assurance that if something goes wrong with major appliances, plumbing or electrical systems, they will not have to spend a lot of money to get it fixed.
  3. Pay for lawn care through the summer.  This lets the buyer know you’ve thought of everything, and it’s one less worry for them when moving.  Taking care of the pool cleaning tab is another incentive you may want to consider including.
  4. Pay the HOA dues. If you’re in a homeowner’s association (HOA), pay the new buyer’s fees for the first year.
  5. Pay all or part of the buyer’s closing costs. This can be deducted at closing from the proceeds of the sale.
  6. Pay the buyer’s property taxes for a year. You may already have paid a portion or all of it anyway.
  7. Offer to leave furnishings. If you have a couch that perfectly fits an unusually shaped living space, offer to include it in the sale of the home.
  8. Have some flexibility on the price.  Being willing to negotiate on the price shows a buyer you are willing to work with them.

If you’re looking for a real estate agent who can get your Brooklyn home sold at a good price, give me a call today call Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected].

Brooklyn Real Estate Sales Deal Of the Day!

Thursday, April 19th, 2012

Brooklyn Real Estate For Sale

Click on Picture for more information

Brick One Family For Sale Located in Brooklyn's Madison Community

Detached brick home on prime Brooklyn Street for sale, bright and sunny rooms, excellent condition with driveway and garage. Present all offers, with bank qualification. For more information, please call Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at [email protected]

Renting versus Buying a Home in Brooklyn

Thursday, April 19th, 2012

Just because you can buy a home in Brooklyn does not always mean that you should.  It’s important for you to consider if it is better for you to own or rent a Brooklyn  home.

Here are five reasons you might want to rent:

  1. You may be moving within five years. It usually takes five years to break even on your home purchase or investment.
  2. You don’t want the responsibilities associated with being a homeowner.  It can be expensive and time consuming to maintain a home.
  3. You have a bad credit report.  If your score is below 620, you will not get a good interest rate.
  4. You have a high debt ratio. A high debt ratio means you may not qualify for a loan.
  5. You have job instability.  If your job is not secure, it’s not a good idea to buy.

Here are four reasons you might want to buy:

  1. You want to build equity.  The longer you own your home the more equity it will build. When you pay rent, that money goes down the drain.
  2. You get a tax break when you deduct mortgage interest.
  3. You want the emotional satisfaction of owning your own home in Brooklyn.
  4. It’s an investment. With low interest rates and home prices, buying investment property is a wise decision.

If you are ready to buy a home in Brooklyn or purchase investment property, call Call me at Charles D’Alessandro of Fillmore Real Estate at (718) 253-9600 ext 206 or email me at [email protected]..

Buying a Brooklyn Home From a Motivated Seller

Wednesday, April 18th, 2012

When you see “motivated seller” in real estate listings, does that mean the sellers are desperate to sell their Brooklyn home and are open to negotiation?  Sometimes yes, sometimes no. Do not assume it means you’re going to get the home at a bargain price.

When you see “motivated seller” in real estate listings, it could mean a wide variety of things including:

  1. The seller is willing to accept a lower price or give some concessions.
  2. The Brooklyn home could be near foreclosure.
  3. The sellers want to see an offer before canceling the listing.
  4. It’s a marketing strategy. (In other words, it means nothing.)

Here are some tips on how to deal with motivated sellers:

  1. Decide if you really want to buy the Brooklyn home. Don’t buy it just because you think you might get it at a greatly reduced price.
  2. Have your agent ask the listing agent why the seller is so motivated to sell. If there is no realistic reason, you could be wasting your time.
  3. Consider giving a low-ball offer to see how the seller responds.  If the seller does not give a counter offer, you have your answer.  If they give a reasonable counter offer, they’re obviously willing to negotiate.
  4. Wait for a price reduction.  Most listing agents will ask the sellers to reduce their price when the property hasn’t gotten any offers or sold in the expected time frame.
  5. Ask if other offers have been made. If yes, find out why they were rejected, and try to overcome the seller’s objections.

Owning a home is the American Dream. Figuring out if it’s the right time for you to buy, and which property is best for you to purchase, is something only you can decide.

When you’re ready to find your American Dream home, I’d love to help. Call me at Charles D’Alessandro of Fillmore Real Estate at (718) 253-9600 ext 206 or email me at [email protected]..