Archive for the ‘Guy Molinari’ Category

Why is pricing your house RIGHT so important?

The biggest problem people have when selling their home is pricing their unit right.

Why is it, that most homes don’t sell at or near full price? Everyone loves a bargain, but not every unit is a bargain.

In my city, we just received our statements regarding our property values for tax notice. Now that’s opening up a can of worms. Folks are calling me asking, “How can my value go up (according to the city) when prices are still falling”?

Or, ZESTIMATE says my home is worth more, or less, then the city says. Another asks, “Why does the city have a big difference in the value of my home when I just had it appraised and the report came back much lower then the city?”

Still another said, “I know the market here.” With all due respect, do you really?

Let’s take a look at some of the factors that affect the numbers.

We are talking about Comparative pricing, that is looking at other units just like mine. We need to understand that we are comparing “apples to apples.” When appraisers look at similar units and add or subtract value accordingly. See my post on Appraisals.

New York City uses a system that estimates the value of your unit based on recent sales of comparable units. However, it does not consider certain factors that might affect the real value, such as if your unit needs updating or repairs that buyers will see when they visit the property.

Consider this example. House A sold for $480,000 a few months ago, that I would have priced lower because it needed about $100,000 worth of repair and updating. My thoughts are that there was something about this unit that the buyers were really interested in to make that offer.

House B also sold around this same time period, also for $480,000. This unit was a cream puff, a doll’s house. Two years ago it would have sold for over $500,000 yet if you looked it up on Zillow before it sold, it would have been quoted lower. Sometimes it’s estimated higher. Now of course if you look it up, it reflects the recent sold price.

There are other examples that I could make the point that pricing can be off as much as $100,000 in extreme cases. Unless you really know the market in a certain area, it’s a guess no matter what resource you use. As I stated above, even the city can be off quite a bit. So it’s a factor of having “incomplete” in information. An agent who know the area, uses several resources for information, visits the insides of properties for sale, and tracks the sales records is the person to go to for expert opinion. Even then, the evaluation can be off a little. The final proof is in the sale price. So if you’re looking to sell, check the agent’s marketing program and sales history to be sure you get the best person to help you.

If you want to see more about how I market homes, please go to my website, or give me a call and I’ll go over all the details with you. My cell number is 917-696-0275

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Water Vapor

Moisture in the air. We need it, we want it. It can make you feel comfortable, or it can make you feel uncomfortable. Too much is bad for the house, and too little is also undesirable. So what’s a person to do? Let’s start with what we need.

Did you know that, in winter, some homes are dryer than the Sahara desert? True. We heat the air in our homes without adding moisture, bad news for our sinuses and our furniture. Also, if the relative humidity in our homes is what it should be, between 50-60% in summer and a little lower in winter, we can save money on our utilities bills. Adjust this figure to suit your needs best, but most will agree that this is a good starting point. The relative humidity makes us feel comfortable, allowing the thermostat to be either lowered or raised according to the season. So, in summer we can be comfortable at higher temperatures and in winter be comfortable in lower temperature. So a meter will pay for itself in no time, as well as our health. Ask your doctor about that.

How do we add or subtract moisture? It’s easy in the summer, set your central air to 55 % relative humidity. In the winter we need to add water vapor. This can be done in several ways, most folks will have a humidifier on their forced hot air furnace. If you have hot water or steam, you will need to add water vapor manually. In the “olden days” we would put a big pot of water on the stove and let it boil on low heat to add moisture.
Today you can buy a machine to add the moisture, but you must check on it to keep it filled. Now for the problems. Too much moisture can cause MOLD.

I am told that there are over 100,000 species of mold. For this newsletter, I will only talk about the few that make our lives miserable. Mold can make us very sick, and can destroy our homes. Wherever there is moisture, cool temperature, little light, there is mold.
Mold spores are all over. We breathe it in the air and it’s on our clothes, shoes, and pets. There’s no getting away from it, but we can make our homes less susceptible to mold by following a simple maintenance program.

First and foremost, remove or reduce moisture in areas that don’t get sunlight. A simple way to do this is to vent the area. Remember mold spores need moisture and little or no light to thrive.
Second. Remove the food source. Mold spores eat organic material. So, paper and glue, found on the inside of wallpaper, earth, wood, clothes, almost anything. I know if you removed all of these things you would not have a house left, but that’s the place to look for mold. Clean shower stalls with a bleach solution if you see black stains in the corner or at the bottom at the shower doors, shower curtains, or under sinks. Be careful here, read directions on the label of the product you are using. Again, easy to remember, take away the food source, moisture, and vent the area. Don’t give the mold a chance to build a colony!

Kenneth Cole, Licensed Real Estate Salesperson, Appleseed Homes, 917-696-0275

Michael Grimm, Congressman Elect from Staten Island/Brooklyn, 13th district.

For victory speech see video below.

What manner of man is this? Michael Grimm

To know him is to respect him. Forget about all the endorsements from the big names. What do people who trusted their very life to him say? Below are 2 videos from people who know. This is what you can expect from him as your next congressman from the 13th district.

All over town, I’m reading about all the officials who are endorsing Mr. Michael Grimm’s opponent. But when I talk to people, or drive by homes with signs in front, they’re voting for Michael Grimm.
What is it with these officials? They’re not swaying me or the folks.
Just today, while at the Staten Island Board Of Realtors, which some would think is backing Mr. Grimm’s opponent, folks are voting for Michael Grimm.
I think taxes and national defense are the two big issues. Folks are tired of Nancy P., Harry R. and BHO. Mr.s Grimm’s opponent is with these officials which I think will be going into retirement come January 2011.
So, whats your story? What do you see and hear around town? We’d like to know.
BTW, want to know who I like? See photo below.

Michael Grimm endorsed by Kenneth Cole

It’s true, Michael Grimm has been endorsed by Kenneth Cole, now it’s the Kenneth Cole Staten Island Realtor, not the designer Kenneth Cole, Andrew Coumo’s brother-in-law.
Michael’s marine corp experience, FBI service, and his small business experience has impressed this citizen, not only to go public with the endorsement, but to help in his campaign to be elected as our next congressman from Staten Island’s 13th congressional district.Also endorsing Michael Grimm is Former President George HW Bushand New Jersey Gov Chris Christie just to name a few.
Pictured below is Kenneth Cole with Michael Grimm at a function in Annadale on Wednesday 20 Oct 2010

Dateline September 14, 2010, about 10:15 PM, Michael Grimm addresses the crowd gathered at the The Renaissance, 2131 Hylan Boulevard, Staten Island, to thank the volunteers and staff after getting a concession call from his challenger Michael Allegretti.
Endorsed by Rudy Giuliani, former Mayor of New York, John McCain, Senator from Arizona, Sarah Palin, Guy Molinari, former Congressman from Staten Island, and Susan Molinari, also a former Congresswoman from Staten Island.
The challenge now is to beat Michael McMahon in November. Michael was introduced to the crowd by New York City Councilman Vinny Ignizio