Good News for East Shore Residents and Businesses
Posted by PreReal™ Prendamano Real Estate on
It has been recently announced that New York City and New York State have secured federal funding for $400 million in federal funds to build the long-awaited seawall on Staten Island’s East Shore. Total estimated cost of this project is $615 million. This area was devastated by Superstorm Sandy in 2012. The New York Times quoted that 24 of the 48 New York City residents killed were on Staten Island. This new seawall is expected to protect Staten Island’s eastern coast from strong storms like Sandy that could produce dangerous flooding. Remaining costs not covered by Federal funding will be footed by New York State which will contribute approximately $150 million and New York City which will contribute approximately $65 million.
Expected to…
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Hash-tagging is a convenient way to see a collection of posts related to a specific topic. This feature is available now on all major platforms (Instagram, Facebook, and Twitter). Social media is a big part of the evolving marking concept in many industries including the real estate industry. These platforms can be used as a tool to take a peek into a specific market and how that market is reflected online and through the people who live, work, and spend time there. Just search up the hashtag of a city on Instagram, followed by “real estate." Or for something more specific like multi-families in Staten Island, just search the hashtag with the name of your city followed by a specific topic after. For example, you can search the hashtag…
Did you know that at Casandra Properties, we offer full rental services? Whether trusting us to represent your rental or finding the perfect apartment for you to call home, we are to help with all of your Staten Island Real Estate needs! Casandra Properties is unique in the sense that we will represent your rental property no differently than if it was a property for sale. We believe your rental is just as important!
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The real estate market isn’t as volatile as some other investment markets. Stocks values, for example, can fluctuate on a daily basis and these fluctuations are dependent upon multiple societal factors, some directly facing the company and other indirectly. Though real estate values do fluctuate, they don’t shift up and down as quickly as stocks could. The market makes regular and predictable rises that can be leveraged to maximize an investor’s return. Unlike any other asset, land is a commodity like no other because it is finite. Because of the real estate market’s historic and consistent value pattern, and the fact that it is always a commodity makes real estate build wealth more consistently than other asset classes.
Usually the number of buyers searching for their dream home is outnumbered by the number of homes for sale leaving a buyer often needing to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage.
Let's face it - the burden of student loans isn't fun and it is negatively impacting first time millennial home buyers. The total student loan debt in the United States is nearing $1.5 trillion, which is over a 300% increase in the past 15 years, with an average student coming out of college with almost $33,000 to pay off. Not to mention, private loan interest rates can be north of over 12%. Most students coming out with this type of debt have no idea what this actually means and what they're required to pay. Since loans, just like mortgage payments are amortized, a borrower paying minimum payments over the life of a loan can be paying almost just as much interest as the original loan balance. These crippling monthly payments are definitely having a…
Working alongside a professional to get you into your next home, or sell your current home, is a must! At times it can be enticing to skip the middle man with hopes of saving some cash. In most states sellers are obligated to pay all broker’s fees associated with the transaction. This means that an individual who is selling their home is not only required to pay their agent that helps them list their home for sale, but also the agent who procures the sale by bringing a buyer to the table. Therefore, it is in homebuyer’s best interest to have a professional work on your behalf to do all the “heavy lifting.”