Tom Crimmins Realty Blog - Selling Homes

Advantages/Disadvantages of an Open House

What you Should Know About Open Houses

If you are currently in the process of selling your home or you are a prospective buyer, you may have heard of the term “Open House” It essentially means the seller or seller's agent enables interested buyers to enter the property and stroll through it at their leisure or with the assistance of a realtor. The purpose of an open house is to pique the curiosity of potential buyers. There are many advantages and disadvantages to allowing open houses if you are a seller, listed below are some things you should know or consider discussing with your Real Estate Agent about.

While open houses do not sell properties by themselves, they do serve a vital purpose. They attract attention and traction to getting offers.…

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Questions to Ask Your Real Estate Agent

What you Should Ask your Agent

When selling your home or buying a home, the process is stressful. Agents may help you get your house more publicity, assist you secure a better bargain, and devote more time to the sale. An agent adds experience to a transaction that is complicated and fraught with financial and legal risks. Individuals may develop alliances and form communities by simply purchasing and selling pieces of land through real estate brokers. As a result, the demand for real estate brokers and agents will continue to grow. Having an agent right by your side is helpful however, there are questions you should ask any agent you have before or throughout the process of selling or buying a home.

• How often are you available?
• What is…

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A Guide to Local Architectural Styles

Different Styles of Homes Located in Staten Island

If you took a drive around Staten Island, homes in different locations either have similar architectural styles or drastically different architectural styles. The real estate market on Staten Island is always changing. It does, however, have an excessive number of linked dwellings and patchwork properties. Staten Island is quickly becoming known as among the top five markets in the country for large, lavish, single-family houses. Architects claim that design is impacted by a location's physical characteristics, such as climate, geography, and site features, as well as its social characteristics; culture, industry, design style, or history. It's critical that their structure be seen from a certain…

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Home Staging - Tips & Ideas

What you Should Know About Staging your Home

When a property is staged, it is simpler for buyers to realize when it fits their expectations, however when a home is not staged, a buyer may be unable to see the space and what it may become in connection to their vision. Regardless of what you used a room for or how you used a room, staging has the ability to give potential purchasers a peek of its potential. Staging is not necessarily expected or required; however, staging your home may help it sell better.

First impressions matter the most, so make your house stand out from the moment potential buyers arrive at the curb. Here are some ideas: To clean gunk off your siding, roof, and gutters, hire a pressure washer if needed. Adding a coat of paint…

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Rights You Should Know As A Tenant

Are you a tenant? Here are a few things you should know

Tenants in New York City have several rights concerning the protection and condition of their residence. Tenants should plan to live in buildings that are safe, well-maintained, and free of pests, leaks, and hazardous circumstances. Tenants are protected against harassment and discrimination under the law.

Listed below are a few rights you have as a tenant:

• Right to Privacy: the fact that your landlord possesses the building you rent does not give him or her the right to enter anytime they want. You now have the right to a fair amount of privacy as a renter. The landlord may need access to one's rental property to make repairs or perform routine maintenance, but they must usually…

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Conforming and Non-Conforming Mortgage Loans

Types of Mortgage Loans

Requirements to get a Loan:

• Credit Score: Your mortgage interest rate is determined based off your credit.
• Estimated Downpay: Keep in mind the size of your down payment most likely will impact your mortgage loans.
• Monthly Mortgage Payments: Lenders will look at your earned income and assets to assist them come up with a budget for a monthly payment. Lenders will consider the principal amount, taxes, mortgage insurance, homeowner fees, and even interest when assessing the budget. 
  

Types of Conforming Mortgage Loans:

• Conventional Loan: often known as a conventional loan, is a house homeowner's loan that is neither given or guaranteed by the government. It can be obtained from a commercial…

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The Difference Between Conforming and Non-Conforming Loans

What You Should Know About The Different Types of Mortgage Loans Before Becoming a Homeowner

When it comes to buying a home, the whole process may seem quite overwhelming as a first time homeowner or a homeowner moving for the first time in years. There is plenty to read up on when it comes to types of mortgages. Consider your kind of application before choosing a mortgage, whether you're a first-time buyer, downsizing, or refinancing. There is a lot to figure out based on weather you want a conforming loan or a non-conforming loan, here is a quick and simple rundown on the difference between conforming and non-conforming loans. 

Conforming Loans: is one that fits the Federal Housing Finance Agency's (FHFA) monetary restrictions as well as…

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Reasons Why You Should Consider Buying a Ranch Home

The Benefits of Buying a Ranch Style Home

When debating on what style home to buy, most do not think of ranch style homes. However, if you are an empty nester or a couple looking to buy their forever home then a ranch style home is the one for you to purchase. There are various reasons as to why this style of home may be the one for you. Let's first start with what a ranch style home is.

Classic ranch style houses are single-story homes with an open floor plan and a designated patio area. Long, reduced rooflines and wide windows at the front of the home are common features of ranch home designs. Ranch style homes come in a variety of shapes. In simple terms, all rooms are located on one floor.

The reason many buy a ranch home is because…

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Pete Davidson & Colin Jost Purchase a Boat

Staten Island's Very Own Purchase the Kennedy Boat

Two members of the Saturday Night Live cast, Pete Davidson and Colin Jost, took part in an auction in which a group of investors bought $280,100 for a disused ferry boat in the hopes of "restoring a piece of New York." Pete and Colin were members of a partnership that won the auction with the winning offer. Davidson and Jost teamed up with Paul Italia, the owner of a comedy club who is best known for his real estate career, in which he has been a top producer for the past seventeen years. Italia was the one who performed all of the group's bidding.

The group of purchasers has been described as a collection of like-minded New York City locals, with Davidson and Jost becoming involved because…

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Empire Outlets Foreclosure

NYC’s First Outlet Mall; BFC’s Empire Outlets, heads into Foreclosure

Empire Outlets is an outdoor retail mall on Staten Island's north shore. It boasts an oceanfront view and is directly next to the ferry. Unfortunately, the BFC partners and major lenders at Goldman Sachs and Sterling National Bank have all decided to foreclose on the property.

The 340,000-square-foot mall will remain open for the time being, but due to the pandemic, the project began missing loan repayments to the New York City Economic Development Corporation around the midpoint of 2020, with more than half of its storefronts remaining vacant and ferry rides to the island at an all-time low, down 65 percent from the previous year.

While the empire outlets may appear…

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