Author: barthorowitz

Staten Island’s Winter 2021 Home Buyers Guide

Reading SIBOR’S “Winter 2021 Home Buyers Guide” is a great way to learn more about what’s most important in today’s real estate market. The Guide is free — and it’s available now! Look through the publication and connect with a Realtor member of the Staten Island Board of Realtors® (SIBOR) so you can feel confident when buying your house. Click here to view or download the...

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4 Ways Home Buyers Can Position Themselves for Success in Today’s Market

Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle. Connecting with a Staten Island real estate professional, a Realtor member of the Staten Island Board of Realtors® (SIBOR), can help you achieve victory in the housing market this season. The information contained, and the opinions expressed in articles, videos, or infographics posted or shared by the Staten Island Board of Realtors® (SIBOR) are not intended to be construed as investment advice. SIBOR does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as...

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Now is the Optimal Time to Sell Your House

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low. It now sits at a 2.5-month supply at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market, in which there are enough homes available for active buyers (See graph below): When the supply of houses for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This means competition among purchasers rises and more bidding wars take place, making it essential for buyers to...

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Staten Island Experiences Strong Home-Buyer Demand During a Typically Slow Time of Year

FOR IMMEDIATE RELEASE: WEDNESDAY, DEC. 9, 2020 Staten Island Experiences Strong Home-Buyer Demand During a Typically Slow Time of Year Pending home sales in the borough are up 44.5 percent in November, as compared to the same month a year ago STATEN ISLAND, N.Y. – The Staten Island housing market continued to show strong activity in November, contrary to the norm for this time of the year. Reflecting a trend across most of the United States, showing activity on the Island remains higher than the same period a year ago, suggesting that strong buyer demand is likely to continue...

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5 Tips for Making a Competitive Offer on a House

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process: 1. Listen to Your Real Estate Agent A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. Right off the bat, it points out how emotional this can be for buyers and why trusted professionals can help you stay focused on the most...

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