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

For Sale By Owner: A How-To Guide

AOL Real Estate News & Bargain Network say that "In order to be truly successful and turn the biggest profit from selling your own home, there’s a lot that needs to be done. First of all there are many factors that affect the outcome of selling your own home. Things such as the location of your home, the condition that it’s in, as well as how it’s priced and marketed all play vital roles."

So before you do anything, it’s a good idea to put together a checklist of the things that you’ll need to cover. Here’s one that you can use to start with and adjust as needed:

"For Sale By Owner: A How-To-Guide"

1) Location
2) Condition
3) Find out what market price is for a house in your neighborhood
4) Make neccessary repairs if you need to
5) Marketing
6) The buyer/seller relationship
7) Develop good negotiating skills and use them
8) Cover your bases
9) Selling your FSBO home can be done, and profitably

Sales of New Homes Post Gain in November

According to Martin Crutsinger's article "Sales of New Homes Post Gain in November," featured on AOL Money & Finance, "Sales of new homes rose in November while the backlog of unsold homes fell for a fourth straight month, providing hope that the serious slump in housing could be ending."

Home price gains slowest in two years

According to the article, "Home price gains slowest in two years," on AOL Real Estate the article features a table on First Quarter Home Price Appreciation by State.  "These data show average housing prices still growing stronger than some might have expected," said James Lockhart, OFHEO's acting director. "They do indicate, however, that price growth is moderating in some parts of the country, particularly in areas where prices have been rising the most."

'Home Sweet Home' by Lifestyle & Price

In a recent article: Choose your 'home sweet home' by lifestyle and price on AOL Real Estate News the newest growing trend is discussed: "buyers who are considering their lifestyle needs -- not just a house's price tag -- when they choose 'home sweet home'.

Fortunately, today's market offers housing options to suit every buyer's fancy, from traditional single-family homes to urban lofts, condominiums and townhouses."

Selling Your Home? Make Sure the Price is Right!

Today on AOL Real Estate News there is an interesting article Selling Your Home? Make Sure the Price is Right.  The article gives sellers advice on how to price there homes according to market value.  Furthermore, the article explains to the seller that the key to selling a home within a reasonable amount of time is most often based on the price, regardless of whether a seller uses a Broker or not.

New Home Sales Rise by 4.1%

Sales of new homes posted the largest increase in 5 months in August.  These numbers bring hope that the steep slide in the US housing industry may be leveling off.  Read the entire article New Home Sales Rise by 4.1%  courtesy of AOL Money & Finance.

US Cities with Biggest Housing Inventories

Here is a link to an interesting article about the rising inventory of houses in various cities across the United States.  Places like Pheonix Arizona and Miami Florida are seeing high inventories of homes on the market.  Read the article on AOL Real Estate US Cities with Biggest Housing Inventories

Home Prices in Deep Freeze

According to the latest prices released last Tuesday, it seems that home prices have gone into a stall.  In an article Home Prices in Deep Freeze from CNNMoney.com the state of the current real estate market is discussed.  This is the second consecutive quarter where home prices failed to repeat the gains of 2005. 

Condo Projects Put to a Stop

As Sales Cool Down in Various Markets across the country many Luxury Condo Projects have been put to a stop.  The latest is Old City 205 in Philadelphia.  In the article Developers Nix Condo Projects as Sales Cool courtesy of AOL Money & Finance you can read all about the $40 million project that won't even break ground.  So how much would it have cost to live in this Luxury Building?  Studios were starting at $400,000 and 3 Bedroom Penthouse over $2 million. 

To see what other states have followed this trend read Developers Nix Condo Projects as Sales Cool

Existing Home Sales on the Decline

Sales of homes in the month of June fell 1.3%.  This is the slowest it has been since January.  In the article Existing Home Sales Fall 1.3% in the month of June courtesy of AOL Money and Finance the current price trends are discussed over the past couple of months.  It should be interesting to see if these trends continue in the following months.