Posts Tagged ‘brooklyn real estate’

What is a Real Estate Seller’s Agent?

Thursday, July 31st, 2014
Real Estate Seller's Agent

Charles D’Alessandro, your Brooklyn Real Estate Seller’s Agent

In a previous blog post I explained what a Buyer’s Agent is and what this type of real estate agent does for his clients. This week let’s talk about what a Real Estate Seller’s Agent is and what he does for his clients.

A Real Estate Seller’s Agent is a professional real estate agent, also known as a listing agent. He acts solely on your behalf and in your best interest as the property seller in a real estate transaction. His loyalties are with you. It is his duty to share with you all information about potential buyers that may help you make decisions regarding the transaction. He is legally obligated to represent you and your financial interests as a seller.

What does a Real Estate Seller’s Agent do for you as the seller? From the moment you sign a listing contract, (a legally binding agreement that usually gives your Real Estate Seller’s Agent the exclusive right to sell your property usually within 60 to 90 days), your Real Estate Seller’s Agent:

  • advises you on the best ways to present and prepare your home to sell it and may even help arrange a home inspection. Your Seller’s Agent knows how to highlight your home’s amenities from its curb appeal to emptied closets. He knows what buyers want.
  • researches the market for recent sales of comparable homes to determine the best asking price.
  • prepares a marketing plan: schedule for listing, showing, and advertising your property.
  • provides you with a real property condition disclosure and other necessary forms.
  • places a “For Sale” sign with information flyers describing your home on-site. He markets your home to buyers on the internet, in classified ads, in real estate magazines, pamphlets, direct-mail flyers and newspaper ads.
  • lists your property for sale to the public on the Multiple Listing Service (the MLS, a searchable list of homes for sale).
  • takes other real estate agents on a walkthrough of your home, so they know what to tell their clients about your home.
  • serves as a contact to answer any questions about your home and schedule showings.
  • holds an open house to show your property.
  • makes sure buyers are pre-screened and that they are financially suitable to buy your home.
  • acts as a trustee for you. This could include preparing a standard real estate purchase contract for you.
  • finds a buyer for your property for the highest possible price on the best terms for you as the seller.
  • presents buyers’ offers to you
  • shares all information about potential buyers that will help you make decisions regarding the sale.
  • negotiates the price of your home on your behalf as the sellers as well as the terms of the sale. He is your representative in all negotiations.
  • is your messenger, manager, counter offer and contingency issues handler once an offer is made. He follows the paper trail from the initial offer from the buyer through to the final closing. He processes all the paperwork necessary to complete the transaction.

You pay for your Real Estate Seller’s Agent’s services with percentage commission of 4 to 6 percent or a flat fee. This is stated in your listing contract. The buyer’s agent can be paid from that fee.

Do you have more questions about what a Real Estate Seller’s Agent is? Subscribe to the Brooklyn Real Estate Blog or contact me to ask those questions and get them answered.

I am the Brooklyn Expert! I have been connecting clients with Brooklyn homes for over 27 years. I know the Brooklyn area inside and out. I am honest, and I know the right way to connect buyers with your Brooklyn home. Give your Real Estate Seller’s Agent, 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].

S’more End-of-Summer Insights to Get Your Brooklyn Real Estate Sold

Friday, September 7th, 2012

 

Summer is quickly drawing to a close. That means you need do some serious evaluating in order to take advantage of the rest of the season’s long daylight hours and get your Brooklyn real estate sold.

So before you spend the evening catching fireflies and roasting marshmallows, buckle down and get s’more work done on your Brooklyn real estate. Below are five ways you can prepare your home and yourself for the big sale!

Host a block-party barbecue. People in the neighborhood are a great resource to tap into to market your home. Host a party to tell them your plans and allow them to see your home. If they have a friend they want to have nearby, they might just sell your house for you.

  1. Make your yard memorable. Summer is the ideal time to spruce up your curb appeal so that your home makes a good first impression on potential buyers.
  2. Repair the roof. This can be a big expense, but it is also one of the first things that home inspectors note. If it needs repairs, do it now. If you don’t, it could cost you more money when it comes time for closing negotiations.
  3. Eliminate odors. Buyers want to imagine themselves living in the home, not be distracted by how they’re going to get the summer-intensified smell of your pet out of the carpet.
  4. Know your minimum price. You need to prepare yourself for the numbers game. Do your research using comparables to determine what your house will most likely go for and what you’re willing to accept.

 Use what’s left of summer to make your Brooklyn home stand out from the rest! You’ll sell quickly and can start looking forward to next summer in a new home — maybe one with a pool.

If you’re thinking about selling your Brooklyn real estate and would like more tips on how to get it ready, 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 and aFree Market Price Evaluation without obligation!

 

 

U.S. and Brooklyn Real Estate Continue to Improve

Tuesday, June 19th, 2012

 

Economists say and statistics show that there are true signs of improvement in the most recent housing figures for U.S. and Brooklyn real estate markets. Here are a few of those stats:

Investors bought 1.23 million homes in 2011, up 64.5 percent over 2010, according to data from the National Association of REALTORS®. 

  • The median investment-home price was $100,000 in 2011, up 6.4 percent from $94,000 in 2010.
  • Single-family home sales rose 3 percent in April.
  • New home sales increased 3.3 percent in April, according to new Commerce Department data.
  • Sales of existing homes rose in April, up 10 percent from April of 2011.
  • The median price of existing homes nationwide also moved up to $177,400 from $164,800. This is the biggest year-to-year gain since January, 2006.

In addition to good news in both nationwide and Brooklyn real estate, there’s also good news about the economy:

Economic growth is now projected to grow by 2.4 percent this year, up from a 2.2 percent forecast in February.

  • The new job creation forecast, which is the most watched economic indicator, has also improved. The data now shows that 188,000 new jobs will be created each month this year, which is up from the 170,000 new jobs per month forecasted earlier this year.

As you can tell from this data, if you want to buy Brooklyn real estate while prices are at their lowest, you shouldn’t wait a minute longer. Give me a call today at 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].. to get started!

 

 

Seven Signs Brooklyn Real Estate and Real Estate Nationwide are Improving

Friday, March 9th, 2012

Recently released figures indicate real estate nationwide and Brooklyn real estate are continuing to steadily improve. Here are seven signs that demonstrate the upturn:

Housing affordability has risen dramatically. This is due to a combination of reduced real estate prices and record-low mortgage rates.

  1. Housing starts are increasing, driven mostly by multifamily starts.
  2. Existing home sales increased in January. That means we’ve now had three months of gains out of the past four months.
  3. Total housing inventory fell to a 6.1 month supply at the end of January. This means that on average it now takes just over 6 months to sell a home, which is an improvement. According to Lawrence Yun, NAR chief economist, “The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers.”
  4. There are plenty of home buyers and investors competing for foreclosure sales in almost all markets.
  5. Purchases of homes are on the rise by all types of buyers, from seasoned investors to first-time home buyers.
  6. Most economists agree that the market is improving. Frank Nothaft, Freddie Mac vice president and chief economist says, “Our outlook anticipates gradual, but steady, improvement in the economy and the housing market, supported by low interest rates and brightening job market prospects.”

This is excellent news for the spring and summer Brooklyn real estate season that’s just around the corner. If you’ve been considering buying or selling a home, now’s the time to start that process so you’re ready for the hottest season we’ve seen in years.

Thinking about buying or selling Brooklyn real estate? Please contact Call Charles D’Alessandro of Fillmore Real Estate at (718) 253-9600 ext 206 or email me at [email protected] . I can help you achieve your goals.

Take the Leap and Purchase Brooklyn Real Estate this Year

Thursday, February 23rd, 2012

Is your family starting to feel cramped in your current house, or are you ready to quit renting and start investing? With the extra day added into this leap year, you have an additional 24 hours this month to decide if you’re.

Not sure how to decide if this is the year? Whether you’re a property-purchasing pro or a first-time home buyer, take a look at the three points below to determine if you’re prepared to take the leap and invest big.

You have a sizeable down payment. Knowing what you can actually afford is half the battle. A good estimate is to triple your household income, and that will roughly be what you’ll want to spend. Whatever you’ve saved as a down payment can go on top of that or, if you’re frugal, can just be used to reduce your monthly payments. The larger the down payment you have, the smaller your mortgage payments will be, and it could possibly get you a better interest rate.

  1. You have a good real estate agent. It’s important to find a trustworthy, competent agent before you find your dream house. Take the time to thoroughly interview agents and get referrals. You’ll want to make sure you have someone who is knowledgeable about the Brooklyn real estate market to help you make one of the biggest decisions of your life.
  2. You have a brag-worthy credit score. Strike while the iron is hot! If you’ve taken the time to build up and ensure a great credit score, use your good standing to take advantage of today’s low interest rates.

If you meet all three qualifications, consider taking advantage of this month’s extra day, as well as the low interest rates and home prices, and leap into a new home. Please call Call Charles D’Alessandro of Fillmore Real Estate at (718) 253-9600 ext 206 or email me at [email protected] if you have questions concerning your credit score and down payment, or want to work with a knowledgeable Brooklyn real estate agent.

The Bottom is Here and It’s Time to Buy Brooklyn Real Estate

Tuesday, February 14th, 2012

The latest statistics indicate that the U.S. real estate market is at or very close to the bottom right now. And it may be  Time to Buy Brooklyn Real Estate !

On January 18, Bloomberg News reported, “Confidence Among U.S. Homebuilders Climbs to Highest Since 2007.” Bloomberg said, “The confidence measure, which increased for a fourth straight month, improved in all four regions of the U.S. This is ‘yet another indication of the gradual but steady improvement that is beginning to take hold in an increasing number of housing markets nationwide,’ Bob Nielsen, chairman of the National Association of Home Builders and a builder from Reno, Nevada, said in a statement.”

The official data on home prices might not show the recovery yet, because they are always months behind, but most other data indicates that in general the housing market has hit the bottom.

Right now, homes in America are the best value they’ve been in many generations. And right now, mortgage rates are off-the-charts low. In short, now is the time to buy Brooklyn real estate.

The reasons to buy now are incredibly basic:

Of course, there is no guarantee that this is the bottom. But with prices this low and with very few other great places to invest your money, now’s the time to seriously consider buying Brooklyn real estate. If you can buy now and hold on to it for a few years, it could be one of the lowest-risk, highest-reward investments you ever make.

If you’re still not convinced real estate is one of the best values out there right now, please give 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] I will share specific numbers with you about our Brooklyn real estate market.

Brooklyn Real Estate Deal of The Week

Thursday, February 9th, 2012

Ditmas Park Professional Building

Ditmas Park Corner Property for Sale CLICK ON PICTURE FOR MORE INFORMATION

Ditmas Park Professional Building. Two family converted to dentist office with professional tenants,

corner property close to transporation. For more information, Call Charles D’Alessandro your Brooklyn Realtor®

with Fillmore Real Estate today (718) 253-9600 ext 206

or e mail me at [email protected] today for private tour and or

Open House Schedule !

for these or any other Brooklyn House For Sale, priced to deal !

Show the Love with Heart-Warming Photos of Your Brooklyn Real Estate

Thursday, February 9th, 2012

In honor of Valentine’s Day, sellers should take this month to highlight what they love best about their homes for sale. Instead of just focusing on the square footage, buyers will get the chance to see what makes your Brooklyn real estate surprisingly special. The best way to project a loving image is to let Cupid take over and shoot your home — with a camera, of course.

As a seller, you constantly hear tips about de-cluttering and depersonalizing a home that’s on the market. However, when you’re taking pictures to post online, be sure you capture the details you love most about your home, because buyers are likely to love them too. Below are a few photography tips to get you started:

Capture the heart of your home. Ensure that you get pictures of all the living spaces, from the kitchen and living room to the finished basement and backyard. Any place that a family will spend most of its time together should be highlighted.

  • Make sure you have good lighting. Photograph on a day when there is a lot of natural light coming through the windows. Also be sure to turn on all inside lights and lamps — this gives your home that cheery, glowing feeling.
  • Highlight your home’s best features. Do you love your wrap-around porch, built-in bookshelves, shaded backyard or beautiful stained glass windows?  Be sure to showcase each of those unique features in the photos of your home. You might be surprised at what catches the eye of a potential buyer.
  • Double-check your online upload. Take care to verify the online uploading of your photographs. Carefully read website parameters for picture size and captioning. This will probably be many potential buyers’ first impression of your home, so you definitely want to make it a good one!

Don’t just quickly snap pictures using your phone. Be sure to employ a little love and effort when capturing your Brooklyn real estate. Then you’ll highlight its best features and pass on that heartwarming image to potential buyers.

If you’re looking for a Brooklyn real estate agent who will photograph your home to show off its best features and market it extensively online and off, 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]

Preapproval Steps for a Real Estate Home Loan

Wednesday, January 25th, 2012

If you’re thinking about taking the plunge into homeownership, before you even start looking, talk to a qualified mortgage professional to get preapproved for a home loan. Armed with that information, you can make better decisions on the type of  Brooklyn real estate you can afford to buy.

Follow these steps to get preapproved for a mortgage:

1)      Get referrals. Ask family, friends, neighbors and your Brooklyn real estate agent for referrals to a lender with whom they have had a good experience. Talk to several lenders to compare service, rates and other options.

2)      Review your credit report. If anything unexpected appears on your report, do what you can to resolve the issues before you apply for preapproval.  Lenders will review your credit report before preapproving you for a home loan.

3)      Provide financial information to the lender. This usually includes documentation of your income, recent statements for all your checking and savings accounts, assets and debt (for instance, credit card debt and car payments).

Even though the preapproval process is rigorous, obtaining a preapproval still does not guarantee that the lender will ultimately fund your loan. Lenders still need to look at property appraisals, verify your information and potentially check your credit again before agreeing to give you a mortgage.

Preapproval helps you narrow the focus of your Brooklyn real estate search to properties that are within your financial reach. It also helps you check out lenders to find one that is the best match for your situation. When you find the Brooklyn real estate of your dreams, you’ll be ready to move to the next step!

If you’re looking for more information on the home buying process, I can help. Give me a call today at 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]

What You Need to Know About First-Time Buyers Before Selling Your Brooklyn Real Estate

Thursday, December 22nd, 2011

Should you be marketing to first-time home buyers in order to sell your Brooklyn real estate? The 2011 National Association of REALTORS® Profile of Home Buyers and Sellers has a wealth of information on first-time home buyers and will help you figure out if you should market to this large and important group of buyers.

Here are the stats (courtesy of AgBeat.com) you need to know about first-time home buyers before selling your Brooklyn real estate:

  • Long-term survey averages show that 4 out of 10 buyers are typically first-time buyers. This segment is critical to a housing recovery because they help existing home owners sell and make a trade.
    • The median age of first-time buyers was 31 and the median income was $62,400, up from $59,900 in the 2010 study.
    • The typical first-time buyer purchased a 1,570 square foot home costing $155,000.
    • First-time buyers who financed their purchase used a variety of resources for the down payment: 79 percent tapped into savings; 26 percent received a gift from a friend or relative, typically from their parents; and 7 percent received a loan from a relative or friend. Nine percent sold stocks or bonds and 8 percent tapped into a 401(k) fund.
    • Ninety-four percent of entry-level buyers chose a fixed-rate mortgage. Fifty-four percent of first-time buyers financed with a low down payment FHA mortgage, and 6 percent used the VA loan program which requires no down payment.

What this Information Means to You

If you’re selling an existing, entry-level home, you’ll most likely be selling to a first-time home buyer with a median age of 31 and a median income of $62,400. First-time home buyers are most likely to get a fixed-rate, FHA mortgage. Gear your marketing toward that buyer to have more success.

If you’re ready to sell your Brooklyn real estate, whether it appeals to first-time buyers or other types of buyers, I’ll market it to get it sold quickly and for as much as possible. Give me a call  Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate for more information. at 718/253-9600 ext 206 or email me at [email protected]