Tom Crimmins Realty Blog - Real Estate Market

Benefits of An Investment Property

Things are moving in the right direction, regarding real estate, because the economy has gotten much stronger! If you are already a homeowner and you are looking to make a sound investment don't look any further. Real estate investment property is your answer providing you have good credit and income as well as a substantial down payment.

Buying a two family or multi-family home is one of the best investments you can make. There is no better time because prices of homes are down and mortgage rates have bargain opportunities. With a minimual monetary investment you can own a home and your tenants can pay your mortgage, repairs and improvements in many cases.

Second homes that are tenant occupied are allowed to be depreciated or written off for a…

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Should You Still List During the Holiday Season?

Holiday season is here and sellers have numerous real estate questions on their minds. Should I keep my property on the market? Should I list now or after the holidays? When is the best time to list?

It was originally thought that listing your property during the holidays was not the wise decision. However, with the Internet and potential buyers constantly on their phones, this forces the old logic to hold off until after the holidays out the window. Zillow said it best, "As a result of the Internet, our hectic schedules and mobile lifestyles, the fall months are no longer a real estate dead zone...There’s plenty of action happening after Labor Day through Christmas. The reality is, the home buying season is now year-round."

Today's serious buyers…

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October 2014 Staten Island Real Estate Market Recap

We are continuing our fall season in the Staten Island real estate, and below is October 2013 and October 2014 Staten Island real estate report. 

The fall season started with 298 monthly sale sides last month in September; Staten Island finished October 2014 with 313 monthly sale sides. 

There has been a great improvement in Staten Island's real estate market from October 2013 to October 2014. There has been more monthly sales and an almost…

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August 2014 Staten Island Real Estate Market Recap

We have the final Staten Island summer real estate recap with August 2014's numbers. 

The summer started with June 2014, having a 303 monthly sale in properties. August increased in single digits and had 310 monthly sales.

Staten Island real estate in August was not the best month this summer, but still had high performing numbers. Staten Island wrapped August up with an average sale price of $417,303. This is an decrease from the $438,199 that was brought in June 2014.

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June 2014 Staten Island Real Estate Market Recap

Initially 248 sale sides back in May 2014 to 303 sale sides last month in June, the real estate market is stepping up.

Staten Island wrapped June up with an average sale price of $438,199. This is an increase from the $410,867 that was brought in May 2014.

Although the average listing to the average sale prices are closer in June 2013. Homes have spent fewer days on the…

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May 2014 Staten Island Real Estate Market Recap

Staten Island's real estate market is still on the upside. May 2014 had a sight monthly sales decrease but increase in average sale price in camparison to May 2013.

Last month, the Island had 248 sale sides with a monthly volume of $96,902,646. This differentiates to April 2013's 255 with a monthly volume of $101,895,194. There was an increase monthly sales from April 2014 to May 2014. 

Staten Island wrapped May up with an average sale price of $410,867. This is a decrease from the $448,397 that was raked in May 2013. However, there was an improvement of Average…

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April 2014 Staten Island Real Estate Market Recap

Staten Island's real estate market is still on the upside. April 2014 had a sight monthly sales decrease but increase in average sale price in camparison to April 2013.

Last month, the Island had 241 sale sides with a monthly volume of $96,902,646. This differentiates to April 2013's 255 with a monthly volume of $100,133,380. There was an increase monthly sales from March 2014 to April 2014. 

Staten Island wrapped April up with an average sale price of $426,255. This is a small increase from the $422,374 that was raked in April. There was also an improvement of…

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National Open House Weekend & the Importance of Pre-Qualification

By Larry Ambrosino of Continental Home Loans

With Staten Island’s OPEN HOUSE weekend upon us, this Saturday and Sunday April 26th & 27th. Being a Senior Loan Officer with over 10+ year’s experience, the importance of a Pre-Qualification in today’s marketplace is as important as going to see a doctor when you’re sick for a proper diagnosis. Please call Larry Ambrosino at 917-952-5851 today to set up an appointment for your free Pre-Qualification.  Continental Home Loans is heavily involved in the Nation’s Union Members, Active and Retired, and their families, this includes, no processing fees, no application fees, no commitment fees and competitive rates.

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March 2014 Staten Island Real Estate Market Recap

Staten Island's real estate market is still on the upside. March had a small sale side decrease in average sale prices, however, an increase in monthly sales compared to last year's month.

Last month, the Island had 239 sale sides with a monthly volume of $104,121,027. This differentiates to March 2013's 199 with a monthly volume of $88,413,037. 

Staten Island wrapped March up with an average sale price of $435,652. This is a slight decrease from the $444,286 that was raked in March of last year. 

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February 2014 Staten Island Real Estate Market Recap

Staten Island's real estate market is still on the upside. February had a small sale side decrease compared to last year's month.

Last month, the Island had 209 sale sides with a monthly volume of $91,393,599. This differentiates to February 2013's 236 with a monthly volume of $91,187,983. 

Staten Island wrapped January up with an average sale price of $437,289. This is a significant increase from the $386,389 that was raked in in February 2013. 

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