FREE guided tour of Cedar Grove Beach Club - Sunday September 26

Architect and historian Josh Jacobs will detail the history of Cedar Grove Beach Club during a free guided tour tomorrow at 4 p.m. At the event, hosted by the Preservation League of Staten Island, participants will get a glimpse into the 99-year-old summer community.
The city Parks Department plans to reclaim the privately leased stretch of land to create a public beach and park when the beach club’s lease expires on Thursday. Cedar Grove was one of many beach colonies that dotted the shoreline during the Island’s heyday as a resort community. Cedar Grove was recently designated as eligible for listing to the State and National Register of Historic Places by the State Historic Preservation Office, which labeled it a “rare surviving property type in New York City.” Parks plans to challenge that designation.The tour will start at the foot of Ebbits Street. For more information or to make reservations, call 718-877-7367 or e-mail info@preservsi.org.
(EXCERPTS from: http://www.silive.com/eastshore/index.ssf/2010/09/spotlight_on_cedar_grove_colon.html)

As you can see, there are many fascinating places in Staten Island.  If you would like more information about the area surrounding Cedar Grove, please feel free to contact me anytime (718) 408-1499.  Gregory Diaz, Broker, S.I. Premiere Properties

Staten Island’s Hidden Treasures

With the early days of fall upon us and perfect outdoor weather, there is plenty to do on Staten Island.  Take the opportunity to visit Fort Wadsworth.  

You can take a Lantern tour or see the secret places at the Fort.   Don't forget to bring your camera.  The view of New York Harbor is breathtaking! 

For more information, call 718-354-4500 or 718-354-4556. Enjoy your weekend!

Home Buyer Tip of The Week

Staten Island Home buyers tip of the week!!

Home buyer tip of the week. Finding your dream home can be a very exciting process but can also be very difficult if you dont take proper steps. First thing a home buyer must do is get preapproved by a reputable lender. Many people ask what is the difference between getting preapproved, and prequalified.

A prequalificat...ion is where you disclose your income, and assets often verbally with limited amount of paperwork submitted to a lender,and you cannot recieve a mortgage commitment from any lender without all your paperwork being submitted.

A preapproval is when you get your credit run,and submit 2 years of W-2,or 1099,along with 2 months bank statements,and your last 2-4 pay stubs. Buyers are preapproved based on there credit rating,downpayment,and amount of debt to income ratio. For example if you have a credit score of a midrange of 740 with an income of 100k but your debt ratio is over 45 percent of what you show it will be very hard for you to obtain a mortgage. In the coming days and weeks I will discuss items that affect your debt to income ratio such as car payments,and credit card debt. Always consult with your lender before starting a home search to get an accurate picture of what type of home you can afford.

Thank You for reading my home buyer tip of the week.

For all of your real estate needs on Staten Island please contact me at (718)408-1499 or visit my website www.sipremiereproperties.com You can also email me at info@sipremiereproperties.com

Sell Your House For a Higher Price

How to sell your house for a higher price!!

What is the Real Offer

Often, sellers make the mistake of only considering the price when the buyer makes an offer. Many people's gut reaction is that the price is “too low” and immediately rejects the offer.

That could be a mistake. If you listen carefully, hidden inside the offer may be pearls of information that would make you reconsider accepting less than full price. You don't want to reject any offer out-of-hand. Let us consider the deal carefully. It almost always consists of two parts. The first part is the price. The other part is the terms.

  

Price and Terms

First ask yourself what you want out of the deal. A less than full price offer would have to list terms that were appealing.

Good Terms a buyer might offer

- Higher-than-market-interest second (or first) mortgage in your favor

- The buyer will pay for all or part of your closing costs.

- Taking a problem house "as is" (not asking you to fix the problem).

- Quick close (short escrow).

- All cash deal (when other are asking you to accept "paper").

- Letting you rent back the house for a time (if you're having trouble finding a place to move to).

Items to check carefully in the offer

1. Is the buyer pre-approved? You want to know how qualified the buyer is to make the purchase. While you may not care about the buyer's actual name, you're looking for a strong pre-approval letter from a lender saying that this buyer will get a mortgage sufficiently enough to make the deal. If the buyer is putting down a substantial amount of cash, say 20 percent of the price, you also want to see a letter from a bank, certifying that the buyer has sufficient funds on hand to close the deal. Some smart buyers these days will even come in with a credit report to show you.

2. How quickly can the buyer close the deal? A buyer who's ready to close in 30 days or less indicates strength. The buyer presumably has all his or her ducks in a row in terms of financing. A buyer who needs 45 or 60 days to close may be stretching, hoping to snag financing. Or this buyer may simply be trying to tie up your property as a kind of fallback position, while looking for other, better deals. Always question why a buyer needs extra time.

3. Are there any sweeteners? A sweetener is a term or condition that makes the deal sweeter for you. Usually, these are the first things that agents point out. For example, you want to stay in the house an extra 2 months while your kids finish school and the buyer is willing to go along with this. That's a sweetener.

4. Are there any cash incentives? Is the buyer offering to pay you extra interest on a mortgage you're willing to carry back? Is the buyer willing to pay for any of your closing costs?

  

5. Is there another property involved? Some buyers are cash poor. Instead of offering a cash down payment, they may offer a mortgage on another property, or even that property itself. This complicates the deal, but could be a real boon. Be sure you have a realistic appraisal of the other property as well as a title report listing any liens so you can judge the value of the offer.

6. Are there any negative terms? A negative term can be anything that makes the deal less attractive to you. Contingencies that favor the buyer are negatives. Some you can expect, such as demands for a professional inspection and disclosures. Others, such as a demand that the sale be contingent on the buyer not losing his or her job or that interest rates not climb beyond a certain point, may weaken the offer. Yet others, such as a demand that the offer be contingent upon the buyer's great uncle in North Dakota coming through with a promised gift of money, may make the offer frivolous.

7. Is the price acceptable? Note that the price is last on this list. You won't really know if the price is acceptable until you've read the entire offer and understand it. Only then can you make a determination about whether you'll accept the price. Don't let the price deter you from considering the overall deal. Again it is only one part of offer.

Take Your Time

When an offer is presented, a time limit may be attached to it. For example, a "Cinderella" deal is good only until midnight of the same day. You might receive it at 9 p.m., which leaves a window of three hours to accept, reject or counter.

The idea behind this strategy is to force a seller to act swiftly. Most buyers will allow enough time for careful consideration. The important point here is to not be pressured by a deadline. You need to have enough time to feel comfortable with your decision. In other words, TAKE YOUR TIME! It is better to lose an offer than accept a bad one.

Always take enough time to fully consider the offer.

For more information please contact:

Gregory Diaz and Gina Guerriero

S.I. Premiere Properties (718)408-1499

Greg's Cell (347)297-1075 Gregdsells@aol.com

Gina's Cell (917)733-7428 GGuerriero@aol.com

Or visit our website at www.sipremiereproperties.com

Staten Island residents Stop Foreclosure Now !!

Discover how to Stop Your Foreclosure Now.

Request a complimentary consultation with your local foreclosure avoidance consultant now.

Here is what I will help you determine in your free consultation...

-Review your current situation and explain what's your best solution to prevent foreclosure.
-Provide information on a loan modification,short sale,and or forebearance.
-Help you understand your future financial position with your mortgage,and a lot more.

Learn how to save your home from Foreclosure now by Requesting a complimentary consultation with your local foreclosure consultant today.

Schedule Your Complimentary Consultation now by emailing info@sipremiereproperties.com
or by contacting Gregory Diaz at (718)408-1499

For all of your real estate needs in Staten Island please visit my website http://www.sipremiereproperties.com/