Ideas For Remodeling Green In Staten Island NY

Consider an eco-friendly technique to your rehab project. Green building involves using certain materials and practices that are beneficial to the environment and for your health. The following are some ideas for remodeling green in Staten Island NY. Thinking Green When It Comes to Materials Buy materials made locally in the surrounding areas. This results in less use of fuel for transportation. Local materials are typically better adapted to the particular climate of the area. Also use recycled materials to help decrease the amount of trash in land fills. Consider products such as bamboo and cork as they are durable and easily manufactured. Also evaluate what products are made of and choose items with low volatile compounds. This will help improve indoor air quality. Eco-friendly materials can be easily selected for your renovation project. Energy Efficient Appliances Energy efficient alternatives will not only preserve the environment but also save on gas and electric bills. Windows and doors can be purchased in energy saving models and when carefully installed can minimize air leaks. Appliances such as dishwashers and high efficiency washers can save significant water usage over hand washing. For all appliances, consider Energy Star rated models that use less electricity. Think about other materials that may have energy efficient options such as low-flush toilets. Each will make a small contribution to maintaining natural resources and saving you money. Recycling Practices During your renovation, consider giving away items rather than throwing them away. Most items can be re-used by others. You can also implement general green concepts to your daily living by staying away from products with large amounts of chemicals that impact the environment. Reduce waste by not leaving water running when brushing your teeth and recycling rain water for gardening. Recycling and reducing waste are great ongoing practices. Ideas For Remodeling Green In Staten Island NY Going green can make your house more comfortable, save on natural resources, and lead to lower utility costs. For a little extra effort, it offers a worthwhile return. Natural resources are quickly depleting and we all need to do our part by implementing some easy green concepts to remodeling projects and daily living. This advice on ideas for remodeling green in Staten Island NY was provided by Gregory Diaz and Gina Guerriero at S.I. Premiere Properties.

Green Insulation Options For Staten Island NY Properties

Green Insulation Options For Staten Island NY Properties Building green means considering energy efficiency and the specific materials used in a property. Minimizing the expense of heating and cooling a property decreases energy consumption, saves money, and also results in a more comfortable living space. Insulation is thus an important element of going green, but there is more to it than selecting a option with the best insulation ability. Below are a few other things to consider for green insulation options for Staten Island NY properties. Environmental Impact of Products When reviewing green materials, it is important to know how it is created and installed. These all have environmental impact. Some products, such as plastic-based rigid or blown foam insulation, use less energy to create and emit fewer green house gases than traditional options. The application process will also use a specific amount of energy and other resources. These factors should be weighed against the effectiveness of the insulation for an accurate picture of how green an option is. Additional Thoughts The climate and various areas in a property must also be examined when identifying insulation materials. Properties in warmer temperatures have different requirements than those in extreme climates. Furthermore, no single product will accommodate every space in a property. For example, attics are more open whereas walls have obstacles and complex areas. Thus, a option that fits an attic may not work in a wall. Using Green Insulation Options For Staten Island NY Properties There is no individual alternative that adapts to all uses. You must look into how well a product insulates, the environmental impact of creating it, the climate of an area, and various areas where insulation is required. Consult with your builder or contractor for guidance on the best green insulation options for Staten Island NY properties. They retain valuable building knowledge and experience with using different options.

For Sale By Owner Pricing Dangers For Staten Island NY Sellers

Sellers normally evaluate listing a property on their own with the sole intention of saving money. Experience has proven that it may actually result in less savings than hoped,... for sale by owner pricing dangers for Staten Island NY sellers. Below are a few things for sellers to consider before deciding sell their own home. Proper Pricing The real estate market is continually changing. Pricing can impact market time, what price it sells for in the end, and whether it sells at all. Real estate professionals have the knowledge and experience to help homeowners with listing price based on the particular property, location, and desired timeline, and to adapt pricing as necessary for fluctuating market conditions. Property Comparisons It all starts with picking comparable listings. Sellers generally commit several errors at this step. 1. Considering the value of homes in the neighborhood from years past. 2. Referring to the value of their own home from a previous market analysis. 3. Selecting varying styles or types of homes (i.e. comparing a ranch to a colonial). 4. Pulling up active listings that are incorrectly priced or not moving. Referencing incorrect listings for comparison will result in incorrect values and typically overpricing. Adjustments to Value Another aspect of pricing is applying adjustments for varying amenities. It is nearly impossible to come acorss two identical listings, so changes are generally calculated for interior space, amount of land, and features such as garages, bathrooms, fireplaces, condition, and upgrades. Sellers tend to reference the price spent on upgrades. However, the market value of most repairs do not often match the price paid for them. In fact, some expenses will not add any value. Real estate brokers are educated on what appraisers may calculate for adjustments and will calculate those accordingly for pricing. For Sale By Owner Pricing Dangers For Staten Island NY Sellers Incorrectly priced homes can cost sellers considerable energy and money. Listings may sit on the market with no activity or with interest from buyers that are strictly wondering why the price is so high. additionally, buyers have a negative view on properties that have been marketed for extended time frames and are likely to pay less even if the price is later reduced. In a declining market, a home can naturally drop in value by the time it actually sells. All of this leads a for sale by owner home to go for significantly less than it may have with the proper help of a real estate professional. That expense can be higher than what a seller estimated to save by doing it alone. This For Sale By Owner Pricing Dangers For Staten Island NY Sellers information was published by Gregory Diaz and Gina Guerriero at S.I. Premiere Properties.

Streamline Refinancing VA Loan Programs In Staten Island NY

Borrowers with VA mortgages have the option to easily refinance to a reduced interest rate through a special program. This is often called IRRRL which stands for Interest Rate Reduction Refinancing Loan. Any VA approved mortgage company can assist with this program. Below is an overview of streamline refinancing VA loan programs in Staten Island NY. Benefits of VA Streamline Refinancing An appraisal, credit check, and closing costs are not mandated by the VA, although there is a loan funding fee payable. These are the most significant benefits of using the program. However, some lenders will include an appraisal or credit check as part of their own financing criteria. Closing costs are usually billed by mortgage companies, but the types and amounts may vary from one mortgage company to another. The VA allows their funding fee and any lender closing costs to be added to the loan so that homeowners can refinance without spending any money out of pocket. There is also an option to roll in the expense of energy improvements for the home. Qualifying for a Refinance For streamline refinancing with this program, the existing mortgage must be a VA loan. The interest rate on the new loan must also be lower than that of the old loan (the one exception to this guideline is when refinancing from an ARM to a fixed rate). Homeowners are not allowed to receive any proceeds from the refinance of the loan and no other loan, other than the original VA loan, may be included in the new loan. Veterans must also verify that they have occupied the real estate as a primary residence. More qualification criteria can apply based on individual lenders. More on Streamline Refinancing VA Loan Programs In Staten Island NY Homeowners with VA loans may return to their existing loan company or use a new one. Many mortgage companies are VA approved and can help with streamline refinancing. The above information is offered only as an introduction. This information is considered accurate but is not guaranteed. It was gathered based on information available at the time the article was written and is subject to change without notice. Always speak with a local consultant for current information and guidance. For a list of companies offering streamline refinancing VA loan programs in Staten Island NY, contact Gregory Diaz and Gina Guerriero at S.I. Premiere Properties at 718-408-1499 or gregdsells@aol.com.

Benefits Of VA Loan Programs In Staten Island NY

Veterans may obtain VA loan programs provided by private lenders but guaranteed by the VA. The guarantee protects mortgage companies from loss up to a certain amount should a homeowner defaults on the loan. With this guarantee, mortgage companies are able to provide veterans options not readily obtained through other financing. The following is an overview of the benefits of VA loan programs in Staten Island NY. Benefits Of VA Loan Programs In Staten Island NY The best features of VA loan programs are the options for no down payment and no mortgage insurance. Buyers can finance the full price of a home being purchased, assuming the appraisal supports the figure and the individual lender does not require otherwise. VA loans also allow veterans to purchase a property by eliminating the added cost of mortgage insurance, which is typically required in home loans with less than twenty percent down. Other important benefits are... •Similar closing costs to other loans. •VA mortgages are assumable. •No pre-payment penalty. •Ability to finance or reduce the VA funding fee for the home loan. Obtaining VA Loan Programs To obtain a VA mortgage, buyers must meet several criteria. The first set involves their actual service - when time was served, type of service, and amount of time served. The second set involves the normal credit report and financial considerations by mortgage companies. Veterans may contact any mortgage company offering VA financing to confirm eligibility and obtain a pre-approval. With a pre-approval in hand, veterans may then begin viewing homes within their price range. Once a listing is selected, an offer should be submitted contingent on VA financing approval. With a purchase contract, buyers can then submit an actual application and lock in an interest rate. Once the loan is approved, the next step is the closing. After closing, the loan is reported to the VA. Veterans can only have one current VA mortgage at any given time. This article is merely a brief overview of the benefits of VA loan programs in Staten Island NY. To be referred to a local mortgage company providing VA loan programs, contact Gregory Diaz and Gina Guerriero at S.I. Premiere Properties at 718-408-1499 or gregdsells@aol.com.

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Financing Process For Buying Staten Island NY Homes

There are several major steps in the real estate purchase process, and several relate to the mortgage. It can be confusing for both new and repeat home buyers. This blog details basic details about financing process for buying Staten Island NY homes and includes what you should know before initiating the process.

Financing Process For Buying Staten Island NY Homes

The Pre-approval

A pre-approval is a preliminary analysis of your finances and credit history to estimate what you may be able to obtain for a loan. It verifies that you meet the preliminary requirements for financing. Pre-approvals do not guarantee that you will ultimately receive financing, but is a typical first step in the mortgage process.

Formal Application

An application takes place typically after you have an accepted offer on a property. You may be required to furnish additional financial paperwork and information. The specifics on the property are also reviewed by the mortgage company. They will require a copy of the Purchase and Sales contract in order to continue. Your contract will usually specify that you submit an application within a specified period of time.

Home Appraisal

An appraisal is mandated by a mortgage company (although you are often billed the fee for it) to determine the current market value of the property. Appraisers will compare your property to others that recently sold in the area within a specific time period. An exact dollar amount is generated. Essentially, the value of the home must justify the amount that the bank is loaning to you.

Mortgage Commitment

After your personal information and the details on the property are reviewed, the mortgage company issues a commitment letter. This assures the parties that no major problems are present and that the mortgage company is fairly sure that the loan will receive full approval. There will be outstanding conditions included in the letter such as an employment verification and final credit check. It is therefore important not to complete major purchases or change your financial condition even after a commitment is issued as it may lead to a fall thru.

Clear to Close

A clear to close is basically the final approval for financing. It verifies that all requirements have been satisfied and that the mortgage company will submit the information to the closing agent. This may take place just days or hours before the anticipated closing date.

Settlement

The settlement entails signing of documentation and filing of documents into public record. Be sure to bring official identification and a money order or certified check for any monies due. Personal checks or cash are generally not acceptable. The exchange of funds occurs at or shortly after and the real estate will be officially yours!

Some Additional Advice

Deadlines are an important factor of any real estate transaction, so make sure that you know the deadlines and what you must complete to satisfy each condition. Working with a experienced mortgage consultant and real estate broker is very important. They can offer guidance and assistance, monitor deadlines, and ensure a less stressful experience. As a local real estate agent, I can provide guidance on the mortgage and overall real estate process. You may reach me, Gregory Diaz and Gina Guerriero, at S.I. Premiere Properties via phone at 718-408-1499 or email at gregdsells@aol.com.

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Staten Island NY Spring Real Estate Market Information

Spring is usually a busier season for real estate. There are both an abundance of listings and buyers on the market. If you are considering buying or listing real estate, this article provides Staten Island NY Spring real estate market information

The Impact of Seasons

The Spring tends to be a less hectic time of year from a scheduling perspective. During the fall, children head back to school. Then arrives the winter season with gift shopping and social activities. The new year comes tax season. Only after that will schedules open up for many. There are longer daylight hours, the weather warms up, and people can achieve more during the spring and summer seasons. Because of this, Spring is a more active time of year for real estate.

Listing Abundance

Sellers often believe that their homes show better in the spring and summer and that this will lead to a higher selling price. They naturally start fixing up the outside of their home as the weather warms up and things begin to bloom. The longer days also provide a little more time for all of this. The Spring usually brings an influx of property listings as a result. This also leads to more competition, so sellers should carefully evaluate pricing their property correctly to accomplish a quick sale. They should also simplify the showing process. Buyers may pass by ones with difficult or inconvenient showing arrangements. With well thought out pricing and showing procedures, Sellers can take advantage of the Spring market.

Buyer Competition

Buyers also have more time to focus on their home search in the Spring and enjoy the availability of options on the market. It is essential for buyers to keep focused on their goal instead of looking to see each home for sale. The most desirable deals will go quickly because of the number of competing buyers. Those who stray too far from their primary criteria may end up missing out on the property of their dreams.

Staten Island NY Spring Real Estate Market Information

To make the most of the Spring real estate market, get information and guidance from a experienced real estate professional. For sellers, it is critical not to price too high or lose momentum. Buyers can remain up to date on newly listed homes with tools from a real estate professional and their direct access to the MLS system. It is also important for buyers not to lose focus and overloaded with the number of homes coming on the market. With a little guidance and support, you can achieve your real estate goals for this Spring. For more Staten Island NY Spring real estate market information, contact Gregory Diaz and Gina Guerriero at S.I. Premiere Properties by calling 718-408-1499 or emailing gregdsells@aol.com

Information on Negotiating Home Inspections For Staten Island NY Homes

Sellers are not obligated to address issues identified in a home inspection. It is a negotiation process. Before evaluating inspection results, keep in mind that they typically include both issues discovered in the residence and additional recommendations from the inspector on improvements that can be made. Focus on the issues and not the upgrades since it is unfair to ask a seller to upgrade a property. If upgraded, the seller would be able to sell for higher than the current asking price. You will find information on negotiating home inspections for Staten Island NY homes below.

Selecting Items to Negotiate

Buyers should assess the list of items and pick what they wish to negotiate, taking into account some strategy. Asking for ever single minor repair may alienate a seller and affect the chances for success. If there is a major repair and several minor ones, it may be better to request that only the major one be handled by the seller. In cases where there is a long list of moderate defects, perhaps asking for the most important ones would be more successful than submitting an overwhelming full list. Buyers should detail a list in writing when submitting a request.

Possible Negotiation Results

Sellers then have the ability to either...

• Agree to address everything before closing.
• Offer to address a few of the repairs before closing.
• Offer to compensate the buyer (via a credit towards closing costs or a drop in price) in exchange for the buyer repairing the items themselves after closing.
• Refuse to do anything.

The negotiation process may continue several times until both parties agree to the terms. In some cases, agreement may not be achieved at all. If both parties remain on cordial terms, both can be more willing in the negotiation process. Whereas if one party feels alienated, agreement may be extremely difficult.

Information on Negotiating Home Inspections For Staten Island NY Homes

Neogotiation strategies should be considered with your real estate broker and should take into account every aspect of the transaction. Keep in mind that inspection reports cover both problems and general suggestions, and that attempting to negotiate upgrades is rarely successful. Inspections are not an way to renegotiate price but rather to address serious problems that were previously unknown. Respecting how the process works and the potential outcomes will hopefully contribute to both parties treating each other with courtesy and respect,... leading to positive outcomes. The above information on negotiating home inspections for Staten Island NY homes was prepared by Gregory Diaz and Gina Guerriero at S.I. Premiere Properties. Contact Gregory Diaz for additional information on negotiating buyer inspections and other steps in the home buying process.

Suggestions For Controlling Pests In Staten Island NY Homes

Daily Pest Prevention

Eliminate Moisture

All organisms need water for survival, so it is important to minimize the unwanted water in your Staten Island NY residence. Stop leaky plumbing and do not let water accumulate anywhere in or surrounding your home. Take out water-damaged materials. Even high humidity can attract pests, so use a dehumidifier in damp rooms in your Staten Island NY home. Reducing moisture will make it less sustainable for pests.

Common Hiding Places

Remove any frequent indoor hiding places such as large piles of newspapers, paper bags, and boxes kept for enduring periods of time. These items easily accumulate moisture and render suitable hiding places for rodents. Think about using plastic bins instead of boxes for long-term storage needs.

Block Access Points

Prevent insects from having unlimited access to your Staten Island NY property by blocking small openings in floors, walls, and ceilings. Add screens on floor drains, windows, and doors to discourage flying insects from openly entering the property. Attach weather stripping to doors and windows to block any obvious gaps. Especially in warmer months, keep doors shut to minimize entry into your home.

Forgetting Food

Try not to leave food out on counters and in sinks. This attracts pests into your Staten Island NY home and allows them to remain nourished. Think about using storage that seal tightly. Trash bins can also invite in pests, so find ones that contain smells. Use a garbage disposal if possible to minimize the amount of rubbish thrown in your trash to begin with.

Suggestions For Controlling Pests In Staten Island NY Homes

Insects seek places to hide that satisfy basic needs for air, moisture, food, and shelter. The best way to control pests is to stop them from entering your Staten Island NY property in the first place by addressing the elements that they need to survive as described above. Applying these simple steps can prevent the need for more extensive measures later on. These suggestions for controlling pests in Staten Island NY homes was offered by Gregory Diaz and Gina Guerriero at S.I. Premiere Properties and is intended to be only a introductory overview of some controlling pests suggestions for homeowners in Staten Island NY.

Tax Benefits of Buying a Home

There are traditionally many tax benefits of buying real estate in Staten Island NY through use of tax deductions. Deductions reduce your taxable earnings and therefore lead to fewer taxes. It is helpful to learn the tax advantages before buying or when evaluating renting versus buying. This article provides details on Staten Island NY tax benefits of buying real estate.

Tax Deduction Criteria

Not everybody can take advantage of tax deductions. When completing your taxes, you can use the standard deduction or itemized deductions, whichever results in lower taxes. If you purchase a low priced Staten Island NY home, the deductible items may not total higher than the standard deduction. Other personal variables may affect this as well. Only a tax consultant can offer a true understanding of the tax benefits of buying a Staten Island NY home taking into account your personal situation.

Usable Home Expenses

Loan Interest

Only the interest portion of your loan payments are tax deductible. In the first few years of having a Staten Island NY home, you pay more in interest than principal. Therefore, the amount of deductible interest is significant when you first own a property than in later years. Your loan provider will mail you a statement each year outlining the mortgage interest paid on your Staten Island NY property.

Real Estate Taxes

Staten Island NY real estate property taxes may also be tax deductible. Real estate taxes are an annual charge but are normally due in quarterly increments. These taxes can be included in your mortgage statements, but be sure to keep copies of the property tax bills mailed directly to you. The figure in mortgage statements may not include the full calendar year.

MI

If you first bought your Staten Island NY residence within a special period of time and if you are under a certain income range, you may be able to deduct MI fees. MI is invoiced on a monthly basis for loans more than 80% of the selling price and continues until the loan amount decreases to the 80% level.

Points and Other Fees

Consider keeping a record of your closing settlement statement. A variety of charges such as points, adjusted real estate taxes, and pre-paid interest may be deductible. Furnish the paperwork to your tax preparer.

Details On Staten Island NY Tax Benefits Of Buying Real Estate

The above is details on Staten Island NY tax benefits of buying real estate and applies to primary residences. If you own investment property, the potential deductions may not be the same. This is meant only as a generic overview. Always speak with a tax professional for solid information specific to your personal situation or to your type of residence

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5 Things To Avoid Before Purchasing Real Estate

If you are planning to buy a home within the next few months, there are specific mistakes that you should avoid as they may hinder your mortgage options. Below are 5 things to avoid before purchasing real estate.

Major Purchases

Lenders evaluate the percentage of your debt to your overall income. Increasing balances either on your credit cards or with new loans may significantly change that percentage. In general, the more debt you have, the less you can qualify for on a mortgage. This is even more important after you have found a home and have started the mortgage process. Mortgage companies may re-run your credit report immediately before closing to verify that things have not changed. If you took on new debts, this can lead to problems with getting the mortgage.

Switching Employment

As part of the loan process, lenders look at your previous and current employment to evaluate your ability to pay back the loan. A consistent history in earnings is essential. Changing jobs before or during the loan process can cause issues with qualifying for a loan, particularly if the new job is in a different field or at a lower rate of pay. During the loan process, it will also create delays while the new employment is verified.

Changing Banks

Mortgage processors typically analyze your bank account history over the last several months. Moving your money to a different bank may cause problems. It is advisable to keep funds in the same location until after the closing.

Cash Transactions

Many types of loans require that you use a specific amount of your own funds for the down payment or closing costs. Banks verify this by reviewing bank statements. Any cash transactions are closely scrutinized. You may be asked to provide details on the source of cash deposits.

Closing Accounts

While preparing to buy a home, you may try to pay down credit cards. Before doing this, consider consulting with a mortgage consultant on whether it is needed given your financial situation. If you do pay off bills, do not terminate the accounts as this will reduce your credit score. It is better to keep the accounts up with no balance.

More Guidance on 5 Things To Avoid Before Purchasing Real Estate In

The above 5 things to avoid before purchasing real estate in covers only the most common mistakes common ones. As a local real estate professional, I can provide you with a list of local lenders in . You may reach me, Gregory Diaz and Gina Guerriero, at S.I. Premiere Properties via phone at 718-408-1499 or email at gregdsells@aol.com.

Staten Island NY Homes To Sell In A Declining Market

Pricing directly impacts the amount of time it takes to sell a
property and whether it will sell at all. Pricing is especially critical in a
slow market or when there are an abundance of properties for sale. Below is
advice on positioning Staten Island NY homes to sell in a declining
market.

Understand the Staten Island NY Market

Each real estate
market varies. When you hear facts on the news, those commonly refer to national
figures. Your particular region may be very different. A local real estate agent
can provide a comparative market analysis on your property. This analyzes recent
Staten Island NY sales of similar property and provides a reasonable price range
in which your home may sell. This value may change based on the time of year and
recent sales, so avoid relying on past information.

Be
Practical

When reading the Staten Island NY market analysis repo
rt, remember that it is a range. Where your home falls in that range depends on
the competition and your target timeline. As a home owner, it is common to feel
a sense of attachment to your home and to the work that you have put in.
Unfortunately, not all potential buyers will assign the same value to different
features and amenities. Anticipate that you may not get back the full amount
spent on upgrades. Additionally, home prices may be affected by Staten Island NY
foreclosed homes in the area, which are traditionally sold at deep discounts and
are still considered comparable properties. Market value is defined as the price
that a home buyer is willing to pay for a home during a particular time. It may
not necessarily match your expectations or be close to the original purchase
price of the property.

Positioning Staten Island NY Homes To Sell In A
Declining Market

Positioning a property above the reasonable range will
result in valuable time being lost. If the
Staten Island NY real estate market drops further during that time, the home
will ultimately sell for even less than it would have if positioned accurately
to begin with. Additionally, home buyers tend to have a negative perception of
houses with lengthy market times. This opinion is nearly impossible to overcome
even if a home drops in price later. Pricing too high causes more harm than
good.

Some Final Advice for Staten Island NY Sellers

If the
current market value of your Staten Island NY home is far too different than
your requirements, it may be better to keep a close eye on the market and wait
for values to increase rather than overpricing and letting it grow stale for an
extended period of time. If you have no choice but to sell and need to do so
within an exact period of time, selecting a price appropriate for the market and
competitive with other homes will be critical to achieving your target date.
Time is money and the loss of valuable time can be m
ore costly than you may realize. This information on positioning Staten Island
NY homes to sell in a declining market was offered by Gregory Diaz and Gina
Guerriero at S.I. Premiere Properties

Why You Should Hire A Real Estate Broker

As a home buyer or home owner in Staten Island NY, you have the option of finding a real estate agent to provide support and protect your interests. Simply contacting an agent does not suggest that person is your buyer or seller agent. There is normally an agreement formalizing the agency, the agent's responsibilities, and your responsibilities. Below are important facts on Staten Island NY real estate broker assistance and why you should hire a real estate broker. All references to "agent" refer to buyer or seller agents.

Real Estate Broker Fiduciary

Federal real estate law mandates that agents provide specific duties to their clients after they enter into an agency relationship with that client.

Providing Confidentiality

Agents are responsible for keeping all of their client's information confidential. They may not disclose anything about your business, financial or personal affairs or motivations unless specifically requested by you to do so or ordered by a court of law to do so. This responsibility remains active forever and extends beyond any closings or contracts.

Care

Staten Island NY agents are expected to have a fair amount of knowledge of real estate related topics and on the home buying and selling process, but they are not expected to be experts in all real estate related fields (such as home inspections). For information outside of an agent's knowledge base, agents must take reasonable care in guiding clients to the proper experts.

Lawful Obedience

Agents must obey their clients instructions, as long as the requests do not break any laws or contracts. For example, sometimes clients may ask their agent to write an offer with terms that the agent does not agree with. Agents must abide by those requests despite that disagreement.

Accounting

Agents must accurately know the whereabouts of all monies pertaining to your transaction. This includes any deposits submitted and the release of such deposits.

Loyalty

Real Estate Agents must keep their clients' best interests ahead of all other parties, including themselves. An agent's earnings, particularly in competing offer situations, should not be a consideration and would be disloyal to clients. Confidentiality is also a facet of loyalty.

Diligence

Agents must perform tasks and complete requests in a timely manner. This can sometimes be crucial in multiple offer situations, so having an agent on your side will best protect your interests.

Disclosure

All agents must disclose all known facts about a property,...often referred to as material facts. The responsibility to disclose also covers any facts or details that might influence a client's decision about a home or affect a client's negotiation position.

Staten Island NY Real Estate Broker Assistance - Why You Should Hire A Real Estate Broker

Hiring an agent has many benefits. Beyond the items above, agents have an even more vital role of controlling your interactions with other parties. The home buying and selling process can be very stressful and emotional. Having the advice of a person who has your best interest but is not emotionally involved can facilitate the process and lead to successful outcomes. This sums up Staten Island NY real estate broker assistance and why you should hire a real estate broker. Contact Gregory Diaz and Gina Guerriero at 718-408-1499 or gregdsells@aol.com for additional more information.

Staten Island NY Foreclosed Properties - Details For Home Buyers

Purchasing at Foreclosure Auction A mortgage company typically holds an auction when foreclosing on Staten Island NY homes. Buying directly at an auction is very risky. At this stage, bidders have no opportunity to enter the interior of a home since it can be occupied (until the residents are evicted). A substantial cash deposit is required to bid at auction. Because of this, Staten Island NY homes may not always sell at auction. The mortgage company will alternatively take ownership, making it bank-owned property, a term that buyers may see often in real estate for sale. Purchasing Bank-Owned If a home does not sell at auction, the eviction process gets completed and the property is placed for regular sale. It is uncommon for any repairs to be performed, so foreclosed homes are generallly sold as-is. Furthermore, little information on past work is available. It therefore remains a somewhat risky alternative for Staten Island NY buyers. Bank-owned real estate typically sell for a discounted amount for these reasons. Staten Island NY Foreclosed Properties - Details For Home Buyers Buyers wanting discounted real estate often inquire about bank-owned properties, but it is important to understand the disadvantages of foreclosures. Buying at auction is not an option for typical Staten Island NY first time buyers. Since the previous owners could not make mortgage payments, they most likely could not afford to perform general repairs on the property either. Buyers should therefore expect extensive repairs. Certain Staten Island NY real estate professionals are experienced in foreclosed homes and can be invaluable. This blog on Staten Island NY foreclosed properties - details for home buyers was compiled by Gregory Diaz and Gina Guerriero at S.I. Premiere Properties. Contact Gregory Diaz at 718-408-1499 or gregdsells@aol.com with questions or for additional information