Tom Crimmins Realty Blog - Real Estate Tips

Real Estate Word of the Day: Acceptance

Real Estate Word of the Day: Acceptance

In the context of real estate, acceptance is defined as "the grantee's taking of a deed of transfer." The acceptance stage is one of the most pivotal in both the home buying and selling processes. As both a buyer and a seller, an acceptance is just what you're looking for, and is the first major step towards your goal. But what exactly is an acceptance? Once an offer has been made by someone looking to purchase a property (the buyer), the seller and their agent can then make a decision as to whether this is an offer they want to accept. If they agree, both parties have now entered a mutual acceptance. An acceptance requires no signing of contracts, and is non-binding. In our own Broker, Tom Crimmins' words, "An…

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Tips to Protect Your Home During the Winter

How to protect your home during the Winter:

During the winter months in New York, we can experience snowstorms, freezing temperatures, ice, etc. During the winter months, your home is more prone to experience some ice damage to your home's foundation which can also result in leaks, the formation of mildew, and even damage to your carpet. During cold weather if you have a sump pump, cold conditions can freeze a pipe, sending water back into the house and increasing the risk of leaks, mold, and mildew in your home. There are many possibilities of what can happen especially as during the colder months, challenges are profound. In Staten Island, the weather has been relatively decent this winter season but these are tips to keep in mind to prepare your…

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Process of Buying a Home

The Simplified Steps to Purchasing a Home:

When it comes to purchasing a home, it is a big investment and you want to do everything correctly. When it comes to Real Estate, there are a bunch of terms that may confuse you completely and discourage you. However, the process of buying a home does not have to be as difficult as it seems if certain steps are followed.

One of the main steps is to find a real estate agent that will direct you through this process. Once a real estate agent is found, the home searching process can begin. The homeowner/seller pays the agent fees out of the money received from the sale of the property in New York, much like nearly every other real estate market in the United States. This indicates that they are paying for…

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What is a Homeowners Association?

Pros and Cons of a Homeowners Association:

A real estate developer will establish a homeowners association to plan and oversee the construction of a neighborhood comprising houses, townhomes, and/or condominiums. It is granted the power to oversee the development's common areas and enforce the covenants, regulations, and limits. A homeowners association is a group of board directors that run the private community.

These board members analyze and watch over the property, manage the finances, enforce specific rules, and make sure the community is caught up with all of the maintenance. These individuals that are classified as the board directors are elected by all of the homeowners. The homeowners association has many responsibilities that impact…

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What is a Property Manager?

All About Property Managers:

A property manager is a person or business that is employed to handle the daily management of a piece of real estate. When they are unable or unwilling to handle the properties themselves, landowners and investors in real estate generally engage property managers. A property manager has various responsibilities that are given to them by the they are hired from. The property manager is required to watch over and manage the real estate properties that the owners hired them to do so.

Specific roles of the property manager are determining the rent of the property, fixing repairs, performing maintenance and repairs, and handling the issues with clients of the property. The property manager is required to deal with both…

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The Difference Between an Estate Sale & Garage Sale

All About Estate Sales & Garage Sales:

While driving around Staten Island, you may see signs posted all around saying “GARAGE SALE” at a said location and time or you may see a sign that says “ESTATE SALE.” If you have ever wondered if there is a difference between the two, yes there is. When compared to garage sales, estate sales are more structured and official. In contrast to garage sales, which are intended to get rid of outdated household goods, estate sales are aimed to clear out a complete estate. Estate sales are one-time events, although homeowners may opt to have garage sales for several weeks at a time. Both garage and estate sales are fantastic choices for anybody hoping to get a great price on unique stuff, regardless of how you're…

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What is a Home Inspection?

Pros and Cons of a Home Inspection:

When purchasing a home, one important step most realtors encourage prospective buyers to take is getting a home inspection done on the home they put down an accepted offer on. A home inspection is a detailed inspection of the home in order to determine the condition of the property. During a home inspection, the inspector analyzes the specific conditions of the home usually when the home is being sold on the market. The inspector will inspect different features of the property such as the heating and cooling systems, electrical work, plumbing, the water, sewage, and many more things.

A home inspection confirms to the new buyer that the current property is safe to live in and gives them insight on what to…

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St. Joseph Good Luck

Burying a Statue Can Bring Your Home Sale Good Luck:

Did you just recently list your home on the market? If you are worried about your home selling or are not getting any offers? You may need the luck of St. Joseph on your side. St. Joseph is known for blessing sellers with good luck in the ability to sell their home. Burying a statue of St. Joseph in your backyard along with some prayers has given people some good luck with the home selling process. St. Joseph protects and blesses the home with good luck for years and years to come.

If you have never heard of St. Joseph, he was a well-liked person in the Catholic faith. He is Mary's spouse. Even if you don't consider yourself religious or have never visited a church, you probably recognized him…

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Latest Office Price Reductions

Price Reductions on Office Listings:

As we have stated previously on past blogs if the home you are trying to sell has been on the market for a longer period of time than other properties in the region, the realtor may recommend a price reduction. Listed below are some of our latest office listing price reductions over the past month or listings that were put back on the market.

Price Reduced:

20 Stratford Avenue A: MLS #1158659 1st floor co-op with 1 bedroom and 1 full bathroom located right off of Howard Avenue. To learn more about this property view the MLS listing!

1100 Clove Road 4-O & 1100 Clove Road 5-O: MLS #1149745 & 1158198 A Clove Lakes co-op two bedroom and two bathroom, to learn more about this property view the MLS listing!

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The Walkthrough

What to look for during a Walkthrough:

The walkthrough of the home is the last opportunity for the buyers to inspect and observe the home before the closing. During the final walkthrough, the buyers and the agent travel through the house room by room to ensure that the quality of the home is still maintained. The walkthrough gives the new buyer the opportunity to make sure that the seller’s belongings are moved out and the items are not going to be there when they move in.

The final walkthrough is often attended by the buyer and their real estate agent only. They might get assistance from the real estate agent as they go through. What the purchasers should look for during the walkthrough may be better known to an agent. If there is a problem…

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