Archive for the ‘Michael Grimm’ Category

Is that the house they can’t sell?

I wonder what’s wrong with it, it’s been on the market a long time. Maybe there’s a building code violation on it and the bank won’t finance it until it’s corrected.

Ever ask yourself this question?

Sometimes, there is a building code violation and that’s what’s holding up the sale. Any unit that has work not filed with the city, is illegal. Example; when an owner makes an additional alteration and the city has no record of it, the bank is going to reject the mortgage until the violation is corrected. The bank wants to see the home inspectors report as well as the appraisal. It will show up. A clear example is changing the garage into a living space. There was a time when the banks looked the other way, those days are gone.

Just for your own protection, and for a future sale, always get the job done with city or township approval. It’s not only a safety issue but if the job is done incorrectly, you may need to tear it out and redo it. So it’s a monetary issue as well. Ever see Homes on Homes?

So don’t paint yourself into a corner;

because, you wanted to go the easy way, or save money.

A job well begun, is half done!

Website

http://www.kennethcolerealestate.com

See more on my new web site where you can search like a Real Estate agent at http://kennethcole.listingbook.com/?&page=home

Advertisements

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

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