Carollo's Blog on Real Estate- Featuring Queens and Nassau County Real Estate Information

Recent Sale: Detached Woodside Ranch

37-34 56 Street
Woodside, NY 11377

Asking: $519,000

Selling: $500,000

Time on Market: 4 Weeks

Detached Frame Ranch in Woodside Boasts 3 Br, 1.5 Baths, Lr, Dr, Eik & Full Finished Basement. This M1-1 Zoned Home Also Features A/C, 1 Car Driveway & Near Northern Boulevard and 56th Street, All On a 25x100 Lot!
Visit CarolloRealEstate.com For Additional Property Details

Top First-Time Home Buyer Tips

If you are a first-time home buyer, you probably already know there's alot more to buying real estate property than packing your things for the move or planning how to decorate your new house.  However, the real estate feature Top First-Time Home Buyer Tips on Forbes.com touches on the more important details of first-time home buying and offers many great tips for the first-time home buyer.  First and foremost the most important issue is outlined in the beginning of the article.  The article points out that first-time home buyers should calculate the cost of renting vs. owning, to determine whether or not they should consider buying at this time. 

Read the entire article Top First-Time Home Buyer Tips on Forbes.com to find out whether it's a good time for you to buy your first home
In Pictures: Top First-Time Home Buyer Tips on Forbes.com

Price Reduced: Malba House For Sale

Price Reduced $1,699,999

This Gorgeous Custom Cape in Malba features 4 Sunny BR, 2.5 Bath, Beautiful Living Room with Fireplace, Formal Dining Room, Den, EIK and Full Basement. Home also boasts an Attached Garage, Private Driveway and Spectacular Bridge and Winter Waterviews all on an Oversized 100x87 Lot!!

Asking $1,899,000          Taxes $7,822

Visit CarolloRealEstate.com for additional property details

Homes Sell. Homes Don't Sell. Builders still Build.

The New York Times real estate feature Homes Sell. Homes Don’t Sell. Builders Still Build. on NYTimes.com argues that the American housing market is falling at the most rapid rate in decades.  According to the article the market falling as measured by home-building activity underscores the pain felt by builders who were too optimistic about the market's state.  The weakness of the market is evident in that the number of homes that are already built that builders are trying to sell are at an all time high. 

Read the entire article Homes Sell. Homes Don't Sell. Builders still Build. on NYTimes.com

Questions Your Broker Can't Answer

According to the real estate feature Questions Your Broker Can't Answer on NYTimes.com the first question asked by prospective renters or buyers: "What kind of people live in this building?," is the first question they can't answer.  Furthermore, by answering that question, brokers can be actually breaking the law and face consequences.  However, in the interest of fairness and out of fear of lawsuits, brokers have been cleaning up their acts and shying away from placing real estate ads that are offensive and discriminatory. 

Read the entire article Questions Your Broker Can't Answer on NYTimes.com to find out which questions your broker can or cannot answer without breaking the law

Top Home Sellers' Markets

According to the real estate feature Top Home Sellers' Markets on Forbes.com prices for existing homes continue to fall while new construction homes continue being built, upping the avaliable inventory.  These constraints have put seller's in a bind nationwide.  Furthermore, the fallout of subprime lending, the subsequent tightening of credit and lending standards and the rise in long-term treasury yields has shrunken the pool of eligible buyers.  However, the good news is that not every single market is following the same national trends.  There are overall problems within the real estate industry that are prevelant but there are still cities where sellers have the upper hand. 

Read the entire article Top Home Sellers' Martkets on Forbes.com to find out which cities still offer the upper hand for sellers
In Pictures: Top Home Sellers' Markets

Price Reduced: Flushing North Hi-Ranch

Price Reduced to 1,260,000

Located in the heart of Flushing North, this magnificent 3 Br (Master Suite w/full granite bath), 2.5 Bath, Lr, Fdr, Eik features 2,900 sq. ft., fireplace, granite floors, stainless steel appliances. This Hi-Ranch also features state-of-the-art alarm system, 1.5 car garage and much more. Call today for full property details. 

Asking $1,350,000

Click here for full property details

Recent Sale in Clearview Gardens

163-03 17th Ave
Whitestone, NY 11357

Asking: $249,900

Selling: $222,000

On the Market: 2 Weeks

This Clearview Gardens 3 BR (Converted 2 BR) Lower Unit features 1 Full Bath, LR, and Updated Kitchen with DW and W/D. Unit is conveniently located near Express & Local Buses. Visit CarolloRealEstate.com for more information

Most Expensive Homes In The West

According to Most Expensive Homes In The West on Forbes.com the priciest homes can be found in the American West.  Whether a homeowner has bought acres of land out in the West to build a massive ranch larger than some cities or has settled into property closer to the city, the homeowner must pay dearly for the privledge.  Homeowners can expect to pay for the privledge because land is a definitive property: "God isn't making any more land."  However, with that said, there is a market for these high end homes.  Celebrities, entertainers, business people and others are paying these million dollar prices for their second and third dream homes. 

Read the entire article Most Expensive Homes In The West on Forbes.com
In Pictures: Most Expensive Homes In The West on Forbes.com

Closed in Malba NY 11357

4 North Drive
Malba NY 11357
Asking: $1,500,000
Selling: $1,400,000
On the Market: 1 Week

This Center Hall Colonial in the Most Desirable Location in Malba features 4 Bedrooms (1 Bedroom with Fireplace), 3.5 Bath, LR with Fireplace, Den, Formal Dining Room, EIK, a Full Finished Basement, 2 Car Detached Garage and Pty Driveway all on an Oversized 75x115 Lot!!

Visit CarolloRealEstate.com for more information