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Brooklyn Real Estate Agent

Presented by Charles D'Alessandro of Fillmore Real Estate

By Charles D'Alessandro | Agent in 11210
  • Selling Brooklyn Real Estate For Sale by Owner

    Posted Under: Market Conditions in Brooklyn, Home Selling in Brooklyn, Property Q&A in Brooklyn  |  August 27, 2014 11:57 AM  |  44 views  |  No comments

  • What Does Your Brooklyn Home Insurance Cover?

    Posted Under: General Area in Brooklyn, Property Q&A in Brooklyn, Home Insurance in Brooklyn  |  June 24, 2012 9:16 AM  |  3,605 views  |  No comments

     When buying a Brooklyn home, your lender requires that you have home insurance. Even after your mortgage is paid off, home insurance is a good thing to have. But what exactly does a home insurance policy cover?

     There are several different types of home insurance policies. The most commonly purchased home insurance policy is called an HO-3. Here’s what this type of policy covers:

     ·         Dwelling – Provides protection for the structure of your home and other structures attached to it. The basic home insurance policy pays to repair or rebuild your Brooklyn home if it is damaged due to fire or severe storms.

     ·         Other Structures - Provides protection for structures or dwellings on your property not attached to your residence. This may include unattached garages, sheds, fencing, etc.

     ·         Unscheduled Personal Property - Covers damage to your personal effects – those things owned or used by you inside or outside your Brooklyn home. Personal items such as furniture, clothing, computers and entertainment units are covered, even if the device is not in the home when the device is damaged. You can buy additional coverage for valuables such as furs, jewelry and art, if their value exceeds the limit specified by your policy.

     ·         Loss of Use - Reimburses you for expenses such as hotel stays and meals you may incur if your home becomes uninhabitable due to a loss covered by the insurance policy.

     ·         Personal Liability - If you are sued because a member of your family hurts others or damages their property, your insurance pays for that liability up to the limit specified by your policy.

     ·         Medical Payments - Provides coverage for medical payments, if a third party is injured by or on your personal property.

     Most home insurance policies offer basic coverage from common hazards. Because the basic policies are built with the average American home in mind, your policy might not account for all risks associated with your location or unique possessions. Be sure to talk with an insurance specialist to determine the type of coverage you need.

     If you want more homeowner advice like this, subscribe to my blog. It’s fast, easy and free.

     




  • Do You Buy Brooklyn Real Estate When Prices are Low or High?

    Posted Under: General Area in Brooklyn, Home Buying in Brooklyn, Property Q&A in Brooklyn  |  June 19, 2012 2:53 PM  |  3,012 views  |  No comments

    Like any commodity, you’re going to make money if you buy Brooklyn real estate when prices are low and sell when prices are high. So why haven’t you, and millions of others like you, bought a home during the major downturn in the real estate market?

    When pushed for an answer, many potential buyers respond that they’re afraid, unsure or allowing their emotions to guide them. They’re worried that Brooklyn real estate prices will see another huge drop. Or they’re unsure if prices have reached rock bottom so they can get the very lowest price possible.

    Stop allowing your emotions to guide you. Face the facts. The real estate market is steadily improving. Those low prices are gradually moving higher and higher. It’s time to get off the fence and buy while real estate prices are still low. Then you’ll have the pleasure of selling after prices go higher.

    If you’re still unsure if now is the best time for you to buy Brooklyn real estate, consider these additional factors:

    1.    Rent will increase each year no matter what the real estate market does. What is the maximum interest rate you could ever pay, and what would your mortgage payments be at that rate? Have your mortgage broker do the math for you. Is that more or less than you’d pay for rent 10 years from now?

    2.    Interest rates are at historic lows. Do you really want to miss out on both low home prices and low interest rates?

    3.    You can deduct the mortgage interest from your taxes. In most cases, you can deduct all of your home mortgage interest. This can save you a bundle.

    If you’re ready to buy low, give Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at charles@brooklynrealestatesales.com.. to get started!

  • What to Ask Before You List With a Brooklyn Real Estate Agent

    Posted Under: General Area in Brooklyn, Home Selling in Brooklyn, Property Q&A in Brooklyn  |  June 13, 2012 11:07 AM  |  1,472 views  |  No comments

    Choosing the right Brooklyn real estate agent is one of the most important decisions you’ll make when selling your home. After all, he or she will be your representative to potential buyers, and the one deciding how best to market your home. Below are eight questions to ask before signing on the dotted line:

     1.      How long have you been in the business? While it’s nice to find someone who has many years of professional experience, don’t automatically reject a new agent who might have more time and energy.

    2.      What’s the average length of time it takes you to sell a home? A well-qualified Brooklyn real estate agent should be able to answer that question and back it up with statistics.

    3.      What is your average ratio of list price to sales price? If he or she consistently sells homes for well below the initial asking price, you should take that into consideration.

    4.      How well do you know the area? A good agent should be able to tell you in detail about the surrounding neighborhoods and how well homes are selling.

    5.      Where will you advertise? Make sure you agree on a marketing strategy. If you’re expecting glossy magazine ads and an interactive website, then you’ll want to make sure you are both on the same page.

    6.      How often will I hear from you? You’ll want to know how often you’ll receive updates on the progress of your home sale. Don’t be afraid to ask for weekly reports. 

    7.      How will you help me get my home prepared? Don’t expect an agent to help you paint your home, but he or she should share specific ideas on how best to present your home.

    8.      What do you charge? You really need to know, in detail, how much you’ll pay your agent to sell your home.

     

    If you’re getting ready to sell your home, I’d be honored to have the opportunity to interview for the job as your Brooklyn real estate agent. Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at charles@brooklynrealestatesales.com to schedule our interview.

     



  • What Happens After You’ve Signed a Contract to Buy a Brooklyn Home?

    Posted Under: General Area in Brooklyn, Home Buying in Brooklyn, Property Q&A in Brooklyn  |  June 4, 2012 12:32 PM  |  1,268 views  |  No comments

    You’ve found the Brooklyn home you want to live in, you and the seller have come to terms, and you now have a signed contract. What happens next?

    Here’s an overview of the things you need to do after you and the seller have signed the real estate contract:

    1.      Get answers to your questions: If you have any questions, now is the time to ask them. Sit down with your team of real estate professionals, including your agent, home inspector, and lender to get answers to all your questions. Keep asking questions until you completely understand every step of the process and all the paperwork.

    2.      Dive into the disclosure: Carefully review the disclosure documents to be sure you're aware of any past or present problems.

    3.      Finalize your mortgage: You’ve already been pre-approved. Now’s the time to make a final decision on the type of loan you want and lock-in the interest rate you’ll pay.

    4.      Find out the results of the home appraisal: As the buyer of the Brooklyn home, you are entitled by federal law to a copy of the appraisal you paid for. Look over the appraisal and notify the lender of any errors that could have affected the appraiser's opinion of the home's value.

    5.      Have the property professionally inspected: It’s important that you attend the property inspection. It gives you the opportunity to see for yourself what the home inspector discovers. Also ask the inspector to show you where the major systems of the home are located and how they work.  Bring the list of disclosures so you can share them with the inspector to be sure those problems have been taken care of.

    6.      Attend the closing: The closing is the last step in the legal process of transferring ownership of the home from the seller to you.

    7.      Celebrate! All your hard work has paid off, and you can now enjoy your new Brooklyn home.

    Would you like to work with a real estate agent who’ll be by your side every step of the way through this process? I’d be honored to be that real estate agent. Give me a call today Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at charles@brooklynrealestatesales.com. to set up a time to talk.





  • What is the Difference Between a Brooklyn Real Estate Agent and a Broker?

    Posted Under: General Area in Brooklyn, Home Selling in Brooklyn, Property Q&A in Brooklyn  |  April 18, 2012 11:38 AM  |  1,036 views  |  No comments

    You’ve probably heard the terms real estate agent, broker, REALTOR®, listing agent and buyer’s agent. But do you know what they mean and the differences between them? 

    Here are the definitions of terms you may encounter on your Brooklyn real estate agent search:

    1.      Real estate agent: Agents are licensed sales people. They are not real estate brokers. In fact, they must work for an employing broker and cannot work independently. An agent works under the broker's guidance and legal protection. Real estate agents are required to undergo education pertaining to real estate law and ethics.

    2.      Real estate broker: A real estate broker has more education than an agent, they can work independently, and they can hire other real estate agents. While many of the responsibilities of an agent and a broker are interchangeable when it comes to customers, the role and qualifications for each are incredibly different. Typically, a broker is more of a manager for a real estate company. Brokers have to undergo more extensive education than agents in relation to business management.

    3.     REALTOR®: Not all agents are REALTORS®. A real estate agent becomes a REALTOR® when he or she joins the National Association of REALTORS®.  The term "REALTOR®" is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and abides by its strict Code of Ethics.

    4.      Listing agent: They are also known as seller’s agents because they represent the seller.  A listing agent can be a real estate broker, a real estate agent and/or a REALTOR®

    5.      Buyer’s agent: Buyer’s agents represent the buyer. They can be a real estate broker, a real estate agent, and/or a REALTOR®

    Basically you want to find out which side the Brooklyn real estate agent you are talking to is on -- the buyer’s or the seller’s.  Then you will understand where their loyalty lies.  You always want someone on your side that will look out for your best interests.

    If you’re looking for a Brooklyn Realtor who is alos an associate real estate broker to help you buy or sell a home, please contact me. Charles The Realtor with Fillmore Real Estate I’d love to be considered for the job. You can reach me at(718) 253-9600 EXT 206 or Charles@BrooklynRealEstateSales.com.





  • Importance of Credit Score When Purchasing a Brooklyn Home

    Posted Under: Home Buying in Brooklyn, Property Q&A in Brooklyn, Credit Score in Brooklyn  |  March 27, 2012 1:47 PM  |  1,072 views  |  No comments
     

    You’ve found the perfect Brooklyn home that you know should be well within your budget. Now all you need to do is secure the loan — but you’re turned down by bank after bank. In today’s economy, many buyers are facing this exact issue. They have the means to meet their potential mortgage payment. Unfortunately, an issue in the past damaged their credit score and it’s preventing them from getting a loan.

     If you’re contemplating purchasing a Brooklyn home, especially if you’re a first-time buyer, you need to do everything you can to boost your credit score. This will make it more likely that you’ll qualify for a loan and will help you secure a lower interest rate. Below are a few steps to get you started:

     ·         Get a free credit report. You can do this at https://www.annualcreditreport.com once a year. This site is maintained by the FTC and is the only site that provides a truly 100% free credit score. There are other sites with similar names, but they are not to be trusted because they are not maintained by the FTC. If you prefer not to use the web, you can also get your free credit report by calling 1-877-322-8228.

    ·         Check your credit score. A score of 780 is excellent; however, you should be able to secure a loan with a score of around 720. If your score is low, you might want to consider renting for another year while you work to improve it.

    ·         Ensure there are no errors. If a credit card company has you defaulting on bills for a card you never opened, you could be a victim of identity theft. Start working to have any errors removed immediately — they’ll be more difficult to fix the longer you wait.

    ·         Pay down debt quickly and on time. Paying off your debt as quickly as possible and on time will help to steadily increase your credit score.

     Working to maintain and improve your credit score will make purchasing a new home, or refinancing your existing one, much easier on your pocketbook and your sanity. Also, shop around and check with multiple loan agencies, such as a national bank, a local bank and a credit union because they might yield very different interest rates based on your credit score.

     If you’re ready to purchase a Brooklyn home, I can help.  Please give  call Charles D’Alessandro Your Brooklyn real estate agent with Fillmore Real Estate a call at 718/253-9600 ext 206 or email me at charles@brooklynrealestatesales.com

     

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