Staten Island Real Estate News

Whether you've decided to sell your primary residence or you're ready to try your hand at real estate investing, you should have a working knowledge about the real estate market.

Depending on the area, for the past few years, markets favored sellers. While homeowners and investors reaped the benefits, everyone wonders when the market will either swing in more buyers' favor or flatten out altogether.

If you're interested in learning how to gauge the local housing market, read today's post. We'll talk about how to know if it's a buyer's or a seller's market.

Buyers or Sellers Market

The Difference Between Two Markets

Regardless of your motivation, when considering buying or selling a property, you should know the difference between a buyer's and a seller's market.

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Did you know the number of Americans who’re investing in real estate is on the rise?

Although the stock market is America’s favorite investment market, real estate is fast catching up, and for good reason. Real estate is a low volatile investment and is a source of a steady income. If you’ve invested in residential property, you’re probably enjoying the benefits.

However, investing in real estate comes along with its fair share of challenges. You need to manage the property properly, a task which you can delegate to a property manager. But at what property management cost?

Continue reading to learn whether hiring a property manager is worth the cost.

Are Property Managers Worth It?

Do You Have the Time to Manage Your Property?

When you have a residential property

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Staten Island Office Space

4300 Hylan Blvd, Unit 1BC, Staten Island NY 

Move your office to Hylan Boulevard! Being offered for lease is a 2,250 sq. ft of bright and beautiful office space comprising the first floor of a modern professional building. Conveniently located on Hylan Blvd and features private parking lot along the perimeter of the building. 

Office Space In Staten Island

Features include a bright, airy, large reception area with plenty of room for seating, tables, five spacious offices, an oversized conference room that can be subdivided, and two private restrooms.

Parking Lot With Ample Space

Offices

Bright and Spacious Conference Room

Just minutes from the expressway and all forms of transportation.  If you are looking for office

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10% of the 2,153 billionaires in the United States are real estate moguls with a vast portfolio around property development. 

Real estate investment is the only venture that can make an investor rich in their sleep. This background informs the sudden interest in the immovable sector as financiers pump more dollars into the industry. 

For most experts in the real estate industry, multifamily properties represent the next big thing in the sector. While the higher price tag and the extent of risk involved may seem untenable, the results are mouthwatering.

Are you towing with the thought of investing in multifamily properties? Here are nine things you need to consider before going all out with the venture.

Invest In Multifamily Properties

1. Location Is Everything

While

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Do you find yourself continually taking to Google with a "best real estate agent near me" search? 

In today's day and age, there are approximately 86,095 real estate brokerages operating in the United States alone. When we consider such a large number, it's easy to see why buyers and sellers tend to feel overwhelmed in choosing the right agent for their needs. 

So, how can you ensure that you're finding the best real estate agent possible? Read on to discover eight tips and tricks on how the locate the best agent for all of your buying and selling needs. 

Finding the Right Real Estate Agent

1. Get Referrals 

Did you know that 75 percent of a real estate agent's business comes from either referrals or word of mouth? 

One of the best ways to begin your real estate agent

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Did you know that 45,901 single-family homes and condos were flipped in the third quarter of 2018?

According to a report conducted by Attom Data Solutions, that's a 12% decrease from 2017. 

If you want to start flipping houses and reaping the rewards, then keep reading to discover our guide to flipping houses. 

Beginner's Guide To Flipping Houses

Dos and Don'ts of Flipping Houses for Beginners

The first thing you need to think long and hard about is the costs and time involved with flipping a house. Sure, if you invest correctly and budget enough money and time for the project then flipping houses can be a very lucrative scheme.

However, if you aren't prepared for flipping a house, haven't budgeted properly, or don't have enough time to dedicate to it, then you

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Professional Gereedschap Online

Every homeowner should have some tools at their house. c You can't be a proper homeowner if you don't have a toolbox or some tool shed. You want to be independent. You don't want to call someone if you need to repair something at home. But, if you want to get there, you might have to spend a bit more money than you thought. 

Getting the right machines can be pricey. But this is all a sign of quality. You don't want to get a cheap device. Don't be surprised if it's not working in a couple of months. Still, you can't go to the store and buy the most expensive thing they have there.

You have to know what you are looking for. For example, if you want to buy some electrical tools, you have to learn something about them first. There are just so many

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Real Estate statistics for the housing market in Staten Island, NY up until February of 2020.  

Number Of Listings

Active Listings Staten Island Real Estate

Active Listings

How many listings were for sale during each month. The number of active listings is a "snapshot" of active listings on the 15th of the month. Rather than showing the number of all listings that were active at any time during the month, this chart displays a representation of the number of listings that were active on one day. A trend upward or downward from month to month can be established by using the same day of every month.

New Listings

How many properties were put on the market during each month. It is the total number of listings newly added to the MLS system during the month. (All listings whose

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What if 2020 could be your biggest real estate year yet?

This can often be a very tricky market because the trends change from year to year. But by understanding the most important real estate trends of 2020, you can get an edge over your competition.

Want to learn what the trends are that are transforming the real estate market for 2020? Keep reading to discover the answer!

Real Estate Trends in 2020

1. Slowly Rising Prices

At the center of any real estate discussion are home prices. So, what's going on with home prices in 2020?

It's a bit of "good news, bad news." While home prices continue to rise from year to year, the rise is relatively slow. In fact, experts predict home prices are only going to increase by 2.8% in 2020.

Low as it may be, the constant

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When most people think of home renovations that will help to increase the value of their home, they think of things like kitchen or bathroom remodels. These are great projects to consider, but they're not the only ones that can add value when you're getting ready to sell.

New flooring can also yield a significant ROI and help you get more for your house. The key, though, is to choose the right flooring material.

Read on to learn more about the difference between vinyl vs laminate flooring so you can choose the right one for your home. You'll also get some great tips on how to shop for each flooring type.

Vinyl vs Laminate Flooring

What Is Vinyl Flooring?

Vinyl flooring is a synthetic type of flooring similar to linoleum. It's known as resilient flooring and is

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