Archive for September, 2010

Home Sales North Fork/East End Long Island August 2010

September 5th, 2010 category: Real Estate NewsNo Comments »

The following figures are obtained from MLSLI, and are all reported sold properties on the North fork of Long Island for August, 2010. While deemed reliable, the data is not guaranteed.

 

 

HOME SALES/CLOSED HOMES AUGUST 2010:*

Aquebogue, NY
Total closed: 3
47 Ida Lane: $379,000
206 Crystal Drive: $396,500
299 Shade Tree Lane: $505,000

Baiting Hollow, NY
Total closed: 4
lot 19 Alfred Ave: $404,8000
100 Donna Drive: $365,000
lot 6 Alfred Ave: $474,870
2746 Sound Ave $860,000

East Marion, NY
Total closed: 2
170 Manor Road: $417,500
815 Rabbit Lane: $605,000

img_2227pnGreenport, NY
Total closed: 2
420 Meadow Lane: $307,000
715 1st St.: $520,000

Mattituck, NY
Total closed: 2
75 Mark Road: $370,000
1235 Luptons Point Road: $650,000

 

Orient, NY
Total closed: 1
28775 Main Road: $900,000

Peconic, NY
Total closed: 2
95 Arrowhead Lane: $576,000
6315 Indian Neck Lane: $730,000

Peconic River TotemRiverhead, NY
Total closed: 1
235 Longneck: $317,500

Southold, NY
Total closed: 5
865 Ruch Lane: $310,000
1495 Founders Path: $322,500
450 Bayview Ave: $355,000
375 W. Clearview Ave: $365,000
230 Jennings Rd.: $565,000
675 Birch Ave: $ 650,000

*figures represent closed pricing

  • Average North fork, Long Island closed pricing, August 2010: $493,290
  • Average North fork, Long Island closed pricing, August 2009: $471,181

We list specific closed properties because providing an “average” for the area isn’t indicative of what the popular price points are- viewing actual individual sales provides specifics.

To view more closed property pricing, go to http://www.mlsli.com/index.cfm, and click on the “sold” property map. Provided will be up to the minute closed pricing,. mapped for your convenience.

To view ALL mlsli properties via our seach feature, click on North fork homes. This tab will bring you all MLS listed north fork/east end of Long Island homes for sale on the MLS.
To narrow your search to east end, Long Island foreclosure/reo/bank owned homes, click on the foreclosure tab, top right.

If you’d like automatic updates on any type of home (condos, foreclosures, single family) for sale on the east end of Long Island (Hamptons, North fork) be sure to sign up on our property search- it’s quick, easy, and will deliver all new  MLSLI listings to your email as soon as they hit the MLSLI (multiple listing service of Long Island). Just narrow the search to your specifics, and click!
Your home search has never been easier!

Showing Homes for Sale on Long Island

September 5th, 2010 category: Buyers, Real Estate Philosophy, SellersNo Comments »

With many buyers making decisions to jump into today’s real estate market, we’ve found ourselves out increasingly, viewing your home.

We arrive…we are warmly greeted by you, the seller, and we proceed with the tour.

Having operated for many years in an area where the presence of a seller was not normal practice, and strongly discouraged, it seems worthy of exploring this phenomenon.

Pro: for you, the seller, you are aware of the people looking through your property; you see us, and while you generally keep a distance, your presence is known. It’s your house, and you provide a very real reminder of that.

The problem with this scenario is that the whole basis for looking is for the buyer to find their home- while you may have created a lovely space, the reminder that, “it’s mine” is magnified when you are within earshot of each comment, whether good or bad. While that may not seem problematic on the surface, it can be a problem- particularly if the buyers have found a home that they like.

Buying a home is a stressful endeavor, and making a commitment to making it “mine” is often an anxious process, particularly in an uncertain market. When a seller is present, our visit is not going to be prolonged. There is a sense of intrusion that is unavoidable.

Here’s an example of what can happen when you are NOT present: when looking at a home recently, it was clear that the size of the yard was not in line with expectations. Because we had a commitment to view the home, we proceeded anyway.

Once inside, the layout was very workable, and we took our time seeking out those things that elicited positive dialogue- there was little not to like. Despite a number of positive elements, the yard remained an issue- low maintenance was the objective, and this yard was enormous.

Copy of IMG_2251As we stopped back into the kitchen to chat, thinking ahead and discussing several other homes that were scheduled, it was noted that the size of the kitchen was pretty wonderful. While I spoke with the wife, the husband was looking out the back window. Between the trees, he noticed that there was a neighbor with a ride on lawnmower taking care of the grass. He walked out onto the deck, as we continued to chat in the kitchen, and the next thing we knew, he was talking with the neighbor. Who better to provide management of a large yard than the neighbor, who was making it look a whole lot less negative to all of us?

Here is the thing: had you been there as a seller, that obligatory, “in and out” underlying urgency would have stopped us from wandering into the kitchen and settling there for a few moments.
When a property isn’t “perfect” (and rare is the house without an issue), time needs to be taken to work through those issues. Better in the house, right there, than in a car on the way to the next candidate.

I’m not sure how it is that this practice in certain areas of Long Island became normal. It just isn’t done in most places, and the reason is simple: you are opening your home for the purpose of allowing it to “belong” to someone else, just as you havelikely discovered your own new place to live.
Isn’t that the objective?

Another problem with an insistence to be present is that your listing agent is not likely to appear in your place, should you be too busy to show your home to buyers. Once on a buyers list, and then scratched off, another attempt to show it might not happen- there are too many homes on the market to go through scheduling issues with sellers. Having the listing agent present is often equally off putting to buyers- they generally prefer to get a feel for the way they’d live in the home, and have no interest in being “sold” by a stranger when first viewing a home. If they have questions, it’s our job to get answers from your listing agent, and we’re happy to do it.

First, a buyer needs to feel “right” in your home.

A lock box on the house is essential. A key on the premises for entry is a very basic requirement, so that you don’t miss out on potential showings (it only takes one) and create difficulty for buyers seeking to view your home. Any impediment to the meeting of the right buyer, to the right home, should be avoided. If your key is located in an office miles away, instead of on the property, you might just miss a showing- logistics come into play when setting up showings for a buyer with a time frame..

Cooperating Realtors bringing buyers understand the importance of taking good care of your home, and we are well aware that leaving your home in the condition in which it was found (doors locked, lights off, if requested) is important- antagonizing a prospective seller is simply not on the agenda. If a Realtor accompanied buyer wants your home, it is understood that good will from the onset is essential.

Removing items of value is common sense, and should be done in the event of all showings- accompanied by the seller, listing agent or cooperating Realtor- doesn’t matter.

So, what is it about parts of Long Island that engage in this odd practice of the seller being present for home showings? While I am quite certain that rare issues arise, the vast majority of showings without the seller or listing agent, are without issue (as evidence of it being standard procedure just about everywhere else)- so I must be missing something.

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