Great Neck, NY

I wrote the following letter to a homeowner that I've been working with in Great Neck, NY. I decided to share the letter on this blog since I believe it may apply to many others as well. There are many sellers out there who are feeling frustrated and confused about why their homes are not selling. The fact is, however, that many homes ARE selling.

I've created 3 categories for today's sellers:

(keep in mind that they all Need to sell)

• Those who Sell
• Those who don't sell
• Those who won't sell

What I mean by "won't" are those sellers who won't accept the realities of today's real estate market. They've been bombarded with a multitude of misinformation circulating around out there. While the letter below is directed to someone who needs to sell but won't, the information can also be helpful to everyone that's currently invested in real estate. Enjoy!

Dear Mrs. XXXXXX,

I’m writing you today to update you on the real estate activity in the Saddle Rock section of Great Neck, NY. As of today, here are the available ranches:

• 35 Emerson Drive. This home has been listed since June 3rd. The original asking price of $1,100,000 remains unchanged. It's currently vacant and an open house will be conducted on Sunday 8/21 from 2pm-4pm.

• 10 Cooper Drive. This home has been listed since April 4th. The original asking price of $1,290,000 has been reduced twice and is currently at $1,199,000. This home has a basement.

• 5 Shelly Lane. This home is still on the market since November of 2010. The original asking price of $1,295,000 remains unchanged.

• 5 Walters Lane. This home was listed on June 27th. The original asking price of $1,418,000 has since been reduced to its current asking price of $1,298,000.

If you were to list your Saddle Rock Ranch today, your property would be competing with the homes listed above. Unfortunately, the market is not getting better. In fact, I strongly believe that we're still near the top of the market cycle. In other words, the real estate bubble has not burst yet in our area.

Consider this:

• 5 Walters Place sold for $655,000 in1999

• 25 Shelly Lane sold for $655,000 in 2000

• 35 Walters Place sold for $754,000 in 1999

• 195 Grist Mill Lane sold for $$740,000 in 2001

That's an average selling price of about $700,000. At the peak of the market in 2007, these properties were selling for around $1,400,000!! That's 100% appreciation in just 7 years!!

Now, we've lost about 25% from the peak of the market so far. So that should bring current average selling prices to around $1,050,000. Look at the current asking prices of the homes in Saddle Rock. Also look at how long they've been on the market. I think you'll agree that the $1,050,000 is right on the mark.

Losing 25% after gaining 100% in such a short time is not losing at all! In fact, if you consider that normal appreciation is about 3% per year, then prices are still higher than what they should have been if they appreciated at a normal rate.

But it won't stay that way. Prices will certainly continue to decline and possibly at an accelerated rate. It's still a seller's market for those who have owned their homes for 10 years or longer. It's not too late to take advantage of current market conditions but I'm afraid if you wait any longer, it will be. If you really want to get it sold, I implore you to list it with me ASAP for the correct market value. I promise that you'll look back on this and thank me for saving you literally hundreds of thousands of dollars!

Respectfully,

Ron Cohen, CRB

Licensed Real Estate Broker

Gotham West Realty

I have created a Listing Announcement for you to share with your friends and family. This social network is very important when trying to sell your home. Your friends may know someone who is looking to buy in your neighborhood and could refer a potential buyer.

The announcement contains a letter to your friends which I wrote on your behalf. You are welcome to use this letter, or simply write your own.

This will take just a few minutes of your time. Please click the link below and send the announcement to your email address book. Please note that you control the distribution of this email.

http://www.announcemymove.com/announcement.php?id=a18264568&code=DsFs87gT1

 http://www.suffolkexperts.com

    

Compiled from multiple listing service

All content, including text, photographs and images, is the exclusive property of Suffolk Experts, and may not be used without the expressed written permission of Larry & Sheila. All information is believed to be accurate but is not guaranteed.

Pure FIRE Energy in Glen Clove Long Island New York

Explore Feng Shui Long Island NY

Some people don't remember in Feng Shui that we require a balance of the FIVE ELEMENTS. A quick overview of the Five Elements are, Fire, Earth, Metal, Wood and Water. While we look for a constructive balance, the first thing we need to concentrate on is having a balance of all Five Elements in each room.

Some people don't realize that ALL animals are fire Elements. From aquatic fish to your house pet to even the tiniest creatures that burrow themselves underneath the ground. Meet LUCY the resident bunny that represent the Feng Shui Element of Fire who lives in a beautiful condo located in Great neck Long Island NY. LUCY was purchased as a special gift with her own quart yard and bunny hut to enliven the residents who live there.

Lucy is a Fire Element in Feng Shui

Feng Shui Long Island Great Neck NY Habitat for Lucy the Bunny

From condos to apartments to the new constructions on long island NY as Feng Shui consultants we have been noticing that builders are incorporating good Feng Shui into their new cconstructions. And remember, even the tiniest creatures that burrow themselves underneath the ground are considered to be Fire Elements.

Why...here is one of thos tiny creatures we were talking about...yep it's FIRE!

Feng Shui Long Island

*Carole Provenzale has been a Certified Feng Shui Consultant since graduating from the Country's very first School for Feng Shui Studiesthat was licensed and accredited in 1997. Carole provides on site Feng Shui Consultations on Long Island NY, Queens New York and New York City - NYC

Feng Shui Manhattan New York

Feng Shui Manhattan New York City Manhattan NYC Consultant**Laura Cerrano is a Second Generation Certified Feng Shui Consultant who has trained with Feng Shui Long Island and Masters from across the Country including Shamans to incorporate Native American beliefs and Space Clearings into her Feng Shui Consulting Firm, Feng Shui Manhattan New York City NY. After co-consulting on site for many years Laura began her own business in 2000 and has a strong client base in New York City, New York