The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from Brooklyn MLS (it is not inclusive of all properties sold in these areas).
Two Family Homes
Median Selling Price – $355,500 a decrease of 32.2% from January 2008.
Closed sales – 10 Days on market – 159
Total Active Listings as of January 2009 – 441 Bank Owned – 19
New Active Listings this month – 73
Expired Listings this month – 54 Days on Market – 185
Information gathered from Brooklyn, NY MLS
The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from Brooklyn MLS (it is not inclusive of all properties sold in these areas).
One Family Homes
Median Selling Price – $435,000 a decrease of 1% from January 2008.
Closed sales – 3
Days on market – 177
Total Active Listings as of January 2009 – 233 Bank Owned – 9
New Active Listings this month – 53
Expired Listings this month – 28 Days on Market – 183
Information gathered from Brooklyn NY MLS
The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from Brooklyn MLS (it is not inclusive of all properties sold in these areas).
Two Family Homes
Median Selling Price – $427,000 a decrease of 11.3% from December 2007.
Closed sales – 26
Days on market – 169
Total Active Listings as of December 2008 – 436 Bank Owned – 18
New Active Listings this month – 47
Expired Listings this month – 183 Days on Market – 237
Information gathered from Brooklyn NY MLS
The below Market Report is for selected areas in Brooklyn, NY: Bedford-Stuyvesant, Brownsville, Bushwick, Canarsie, Crown Heights, Cypress Hills, East Flatbush, East New York, Flatbush, Flatlands, Ocean Hill, Old Mill Basin. This information is gathered from Brooklyn MLS (it is not inclusive of all properties sold in these areas).
One Family Homes
Median Selling Price – $378,250, a decrease of 6.8% from December 2007
Closed sales – 19 Days on market – 180
Total Active Listings as of December 2008 – 220 Bank Owned – 12
New Active Listings this month – 28
Expired Listings this month – 75 Days on Market – 224
In this housing crisis, more and more homeowners are faced with the possibility of Foreclosure. Yet so many are still embarrassed to the point they will not accept help when offered. Many are quick to say they are taking care of the problem. When in reality, they are falling further and further behind. No one wants to lose their home. But ignoring the situation will not ensure you keep your home.
Sometimes selling your home is the only option. Many properties are worth less than the mortgage owned in it. In this case you have to sell as a Short Sale. Some homeowners think that a Short Sale is not a good choice for them because they will have to pay taxes on the difference, or the bank will come after them for the difference. This is a possibility depending on your situation, but in most cases you will be exempt on both counts.
But if you do nothing, and your house go into foreclosure, guess what? More than likely, the bank will file a Deficiency Judgment against you. You will have to pay the difference between what you owed the bank, and what they were able to sell the house for at Auction. Chances are that difference will be much higher than the difference if you were to do a Short Sale.
And it gets worse. If no one buys the house at Auction, then the bank has no choice but to take the house back. Now it is a bank-owned property or REO. More time goes by as the bank now prepares to list the property as a REO. More fees added on – which you the original owner of the property will have to pay the bank as part of the Deficiency Judgment.
And as if things aren’t bad enough, the bank lists the REO property at a substantial market reduction. So the difference between what is owed and what the property actually sells for is substantially increased, making your Deficiency Judgment much larger. The now foreclosed homeowner is responsible to pay all the costs incurred by the bank to sell the property, in addition to the fines incurred during the entire period from the pre-foreclosure to the foreclosure, plus the loss from the negative equity.
So which is better for you? Short Sale or Deficiency Judgment? The Short Sale is always the best option in this scenario.
If you are a homeowner in distress, I will explain the various options available to you, and can help you avoid foreclosure. Feel free to give me a call at 917-826-0342.
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EXIT means Safe Passage. Whether you are moving in, or moving out, when you EXITwithMarcia, that's what you get - a Safe and Smooth passage! I'm a Seniors Real Estate Specialist (SRES Designation).
Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home buying or selling experience as easy and enjoyable as possible.
My professional career has provided me with a unique and invaluable array of life experiences, strengths, and strategies which I bring to the table when working with sellers and buyers in my area.
I welcome the opportunity to answer any questions you might have about buying, selling or current market conditions. Please call or email me any time, and I will be happy to discuss your next steps in the buying or selling process.
Having lived in Brooklyn, NY for over 25 years, I love my city and have a keen insight in the development of my community. My natural ability to provide excellent customer service, coupled with my love for New York City, lays the foundation for me to capably assist buyers and sellers in this city.
I service most of Brooklyn, with a concentration in Canarsie, East Flatbush, Old Mill Basin, East New York, Brownsville, Bushwick, Bedford-Stuyvesant and Crown Heights.
There are many things I can say about the high quality of service I provide to my home seller and home buyer clients, but probably none would be as credible as testimonials from some of my recent clients themselves. So please take a moment to read the following testimonials. I hope they indicate my experience and integrity, as well as make it clear how much I enjoy helping people with their real estate needs. I would be happy to email you additional testimonials if you are interested.
Marcia, thank you for selling my house very quickly. In this market that's saying a lot! I appreciate you being honest with me in helping me understand the changes I needed to make to make my house more appealing to buyers. I am so pleased with the price and terms you negotiated on my behalf. Your professional manner really makes people want to work with you. Even the way you helped the new owners by ensuring all was fine after they took possession of the home was admirable. You demonstrated that going above and beyond is what separates you from the ordinary agent. I hope you will be working in NJ by the time I’m ready to sell my new home so I can use your services again!
Helen D, Brooklyn NY
Selling, Buying and Relocating isn't an easy thing! But with a professional realtor like Marcia Kirton, the process was more rewarding and less stressful than I anticipated.
Marcia held my hand throughout the entire process allowing me to sell my home in a very reasonable time. She connected me with other professionals that would assist me in the process of relocating to another state and purchasing a new home. She also assisted the buyers of my old home in settling into a new location. All this without compromising any of her strong ethics and business savvy. Marcia is an excellent professional. She is also caring and understanding and gets the job done. She stays focused when everyone else is going nuts! Her positive influence and gracious smile is contagious. If nothing else I looked forward to her "okey dokey" when a challenge was presented. That wonderful word and beautiful smile made me feel good. I knew that whatever it was I thought was going to be an issue, Marcia would resolve it in no time.
Whether selling or purchasing a new home, Marcia Kirton at Exit Realty Professionals is the way to go! She will not let her clients down!
C. Llewellyn, Woodhaven NY
Thank you for your honest opinion, advice, direction, and a listening ear. You bring charm, brilliance and confidence to the real estate profession. I look forward to a continued relationship with you.
A. Lynch, Brooklyn NY
Marcia, You are a very reliable and trustworthy real estate agent. I always appreciate your honesty and objective feedback. We can always count on your great sense of humor and fresh perspective to every situation.
R. Fife, South Ozone Park NY
Dear Marcia, Please accept our sincere thankfulness for your courteous, efficient & highly professional service. Your patience and pleasant attitude will always be remembered. We wish you continued success in all that you encounter. It was a joy working with you.
Lynette & Edward, Conyers GA
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