DiTommaso Newsletter     

 

 
 

June, 2011

In This Issue
Letter From Frank
Agent Spotlight
Featured Listing
Your To-Do List
Market Statisics
13 Tips For Selling Your Home
Recipe Of The Month

Letter From Frank

 
DiTommaso Announces Top Producers for 2010
  
The DiTommaso Real Estate Agency is proud to announce the recipients of the 2010 Top Producer awards.
  
Top honors went to Diane Yetman for overall Top Agent in sales and listing volume. Diane Malagreca claimed the spot for Top Listing agent, while Veronika Sarcone earned the Top Selling Agent award.
"I am extremely proud of  these professionals for all their achievements.
I also want to thank them as well as the entire sales force for all their hard efforts throughout the year and wish them continued success through the remainder of 2011", said broker Frank DiTommaso.

Agents Spotlight

 

Diane Yetman 

Diane Yetman

Top Overall Agent

 

 

 

 

Featured Listing 

 

414 Ridgewood Ave

 
One Family Hi-Ranch Semi!
414 Ridgewood Ave
Eltingville
Staten Island
 
Wow! Very large semi Hi-Ranch in fantastic location. This home features:  extra living space, a full basement partially finished with family room and lots of storage, new kitchen, new windows, garage, all freshly painted, and conveniently located
to everything. Home is situated on a 31 x 95 lot. A great value at $499,000.

Your To-Do List 

 
June 21st marks the official start of Summer...Here is a list of things to do this Summer in Staten Island:

 Nightlife

 Lodging

 

Market Statistics 

 

Existing-Home Sales Ease in April

-12.9% nationally

www.realtor.org

Existing-home sales slipped in April, although the market has managed six gains in the past nine months, according to the National Association of Realtors®.

 

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, eased 0.8 percent to a seasonally adjusted annual rate of 5.05 million in April from a downwardly revised 5.09 million in March, and are 12.9 percent below a 5.80 million pace in April 2010; sales surged in April and May of 2010 in response to the home buyer tax credit.

 

Lawrence Yun, NAR chief economist, said the market is underperforming. "Given the great affordability conditions, job creation and pent-up demand, home sales should be stronger," he said. "Although existing-home sales are expected to trend up unevenly through next year, unnecessarily tight credit is continuing to restrain the market, along with a steady level of low appraisals that result in contract cancellations."

 

Local Data Supplied By Staten Island MLS:

 

Units Sold:

May 2011 v May 2010: -23.85%

 

Average Pending Sales: May 2011 v May 2010:

89.05%  **

 

Average Days On Market:

May 2011: 167

 

Average Sold Price:

May 2010: $382,415

May 2011: $390,903

2.2%

 

** May 2011 pendings showed a significant increase over May 2010 pendings which will indicate strong growth in the market for the second quarter of 2011.  

13 Tips For Sellng Your Home

 

We've all heard about how "bad" the real estate market is. But what's bad for sellers can be good for buyers, and these days, savvy buyers are out in spades trying to take advantage of the buyer's market. Here are 13 things you can do to help sell your house.

1. Audit your agent's online marketing. 92% of homebuyers start their house hunt online, and they will never even get in the car to come see your home if the online listings aren't compelling. In real estate, compelling means pictures! A study by Trulia.com shows that listings with more than 6 pictures are twice as likely to be viewed by buyers as listings that had fewer than 6 pictures.

2. Post a video love letter about your home on YouTube. Get a $125 FlipCam and walk through your home AND your neighborhood, telling prospective buyers about the best bits - what your family loved about the house, your favorite bakery or coffee shop that you frequented on Saturday mornings, etc. Buyers like to know that a home was well-loved, and it helps them visualize living a great life there, too.

3. Let your neighbors choose their neighbors. If you belong to neighborhood online message boards or email lists, send a link to your home's online listing to your neighbors. Also, invite your neighbors to your open house - turn it into a block party. That creates opportunities for your neighbors to sell the neighborhood to prospective buyers and for your neighbors to invite house hunters they know who have always wanted to live in the area.

4. Facebook your home's listing. Facebook is the great connector of people these days. If you have 200 friends and they each have 200 friends, imagine the power of that network in getting the word out about your house!

5. Leave some good stuff behind. We've all heard about closing cost credits, but those are almost so common now that buyers expect them - they don't really distinguish your house from any of the other homes on the market anymore. What can distinguish your home is leaving behind some of your personal property, ideally items that are above and beyond what the average homebuyer in your home's price range would be able to afford. That may be stainless steel kitchen appliances or a plasma screen TV, or it might be a golf cart if your home is on a golf course.

6. Beat the competition with condition. In many markets, much of the competition is low-priced foreclosures and short sales. As an individual homeowner, the way you can compete is on condition. Consider having a termite inspection in advance of listing your home, and get as many of the repairs done as you can - it's a major selling point to be able to advertise a very low or non-existent pest repair bill. Also, make sure that the little nicks and scratches, doorknobs that don't work, and wonky handles are all repaired before you start showing your home.

7. Stage the exterior of your home too. Stage the exterior with fresh paint, immaculate landscaping and even outdoor furniture to set up a Sunday brunch on the deck vignette. Buyers often fantasize about enjoying their backyards by entertaining and spending time outside.

8. Access is essential. Homes that don't get shown don't get sold. And many foreclosures and short sale listings are vacant, so they can be shown anytime. Don't make it difficult for agents to get their clients into your home - if they have to make appointments way in advance, or can only show it during a very restrictive time frame, they will likely just cross your place off the list and go show the places that are easy to get into.

9. Get real about pricing. Today's buyers are very educated about the comparable sales in the area, which heavily influence the fair market value of your home. And they also know that they're in the driver's seat. To make your home competitive, have your broker or agent get you the sales prices of the three most similar homes that have sold in your area in the last month or so, then try to go 10-15% below that when you set your home's list price. The homes that look like a great deal are the ones that get the most visits from buyers and, on occasion even receive multiple offers. (Bidding wars do still exist!)

10. Get clued into your competition. Work with your broker or agent to get educated about the price, type of sale and condition of the other homes your home is up against. Attend some open houses in your area and do a real estate reality check: know that buyers that see your home will see those homes, too - make sure the real-time comparison will come out in your home's favor by ensuring the condition of your home is up to par.

11. De-personalize. Do this - pretend you're moving out. Take all the things that make your home "your" personal sanctuary (e.g., family photos, religious décor and kitschy memorabilia), pack them up and put them in storage. Buyers want to visualize your house being their house - and it's difficult for them to do that with all your personal items marking the territory as yours.

12. De-clutter. Keep the faux-moving in motion. Pack up all your tchotchkes, anything that is sitting on top of a countertop, table or other flat surfaces. Anything that you haven't used in at least a year? That goes, too. Give away what you can, throw away as much as possible of what remains, and then pack the rest to get it ready to move.

13. Listen to your agent. If you find an experienced real estate agent to list your home, who has a successful track record of selling homes in your area, listen to their recommendations! Find an agent you trust and follow their advice as often as you can.

 

Recipe Of The Month

 

PAPA JACK'S FRESH POMADORO 

SUMMER SAUCE

  spaghetti marinara

Ingredients:

4lbs fresh plum tomatoes

3 cloves of garlic

two teaspoons of salt                      

fresh ground pepper

pinch of cayenne pepper

10 to 15 leaves fresh basil

extra virgin olive oil

1 Lb pasta

 

1. Put tomatoes in a pot of water. Heat until water comes to a boil - you will notice the skin will start to crack. Now drain water and let the tomatoes cool down. Peel off skin and also de-stem.

2. Shave garlic real thin with a razor or sharp knife.

3. Heat olive oil, then add garlic.(do not burn garlic-lightly saute)

4. Take the sauteed garlic and blend together with tomatoes (few tomatoes at a time)

5. After all blending is complete add 10 leaves of basil, salt, both peppers and cook on low flame for 1 hr and 15 minutes. Add five more leaves of basil 15 minutes before sauce is done. 

6. Toss hot drained pasta with finished sauce. Serve and enjoy!

 

Start Spreadin' the News!

                  relocation globe

You may be surprised to learn that, through our vast network, we can connect you with an agent in any corner of the United States and the rest of the world! If you need to buy or sell real estate outside of the Staten Island area and are in need of a qualified real estate professional, please don't hesitate to give us a call at 718-667-8000 or drop us a line at

www.ditommaso.com. We are more than happy to put you in touch with an agent in your marketplace!

  

Also, if you're a satisfied past client please keep us in mind when speaking with your friends, family and business associates about the real estate business. We would love the opportunity to earn their business as well and share with them our Client for Life philosophy!

 

 

 

Frank DiTommaso

Coldwell Banker 

DiTommaso Realty
718-667-8000
properties@ditommaso.com 
   
 
 
Coldwell Banker DiTommaso Realty | 113 New Dorp Plaza | Staten Island | NY | 10306