Albert Posillico | Yonkers Real Estate, Mount Vernon Real Estate, Bronx Real Estate

There is a lot that goes into the buying and selling of a home Not only are there many steps to take but it can feel like there is a report for everything. It’s easy to forget what they are or why they are necessary.

Three processes that seem similar to home buyers are the home inspection, comparative market analysis, and the appraisal.

Here’s what each them is and how they are different:

First, let’s look at the home inspection.

The home inspection

What it is:

This is probably the one you are most familiar with and have heard the most about. During a home inspection, an inspector is paid to come and test all of the appliances, outlets, plumbing as well as the heating and cooling system.

What this information is for:  

This information is for you the buyer, It is to help make a well-informed decision as to whether the investment you are making is worth the current state of the home. Whether there be repairs that will have to be made or replacements that will need to happen down the line.

The custom market analysis or CMA

What it is:

A sales report your real estate compiles using data they have exclusive access to. This data is compiled into a database used solely by other real estate agents.

What this information is for:

A CMA is used by you and your agent to determine if an asking/selling price is fair. You’ll be able to compare the pricing to other listings and conclude whether it is higher, lower or on par with other offers. This is incredibly useful no matter which end of the spectrum you plan on selling or buying.

An appraisal

What it is: A licensed appraiser comes to visit the home and inspect it solely for value. This is determined by the location, state of and surroundings of the home. Your potential home will be compared to other similar properties in the area to come to a conclusive value.

What this information is for:

The final approval of your mortgage terms by your lender. If the determined value is much lower than your offering price you can be declined a mortgage.

As you can see, each of these processes has varying impact on the final purchase of your home. The information obtained from a home inspection is up to solely your discretion. That gathered from the CMA helps you to determine where the asking price of a home is sitting in comparison to others on the market. And in turn, whether you’ve got a really great deal on your hands or an inflated price. And lastly, perhaps the most important is the appraisal. The information gathered from this process is what your lender uses to determined whether or not to lend you the requested amount.

This listing recently sold for $615,000.

9 Gilbert Place, Yonkers, NY 10701  

Sale Price
Full/Half Baths
You'll feel right at home as you enter the covered front porch of this lovingly restored 1897 Victorian. 10.5 foot ceilings greet you as you enter the grand living room with woodburning fireplace and restored oak mantle. The heart of the home is a huge, custom renovated EIK that flows into the light, airy SunRoom (addition 2004 with CAC and separately zoned heat). Take the back staircase to get to the second floor bdrms (4) but lives like a 3 bdrm home. Or spend the night on the Victorian sleeping porch with cool Hudson Breezes. You'll be pleasantly surprised by the add'l space (approx. 700 sq ft) on the 3rd flr w/ 4 Rooms and Bath, and large windows expanding the Hudson views. Finishing off this already fabulous home is a semi-inground pool situated in a lovely backyard. The low taxes do not include the STAR exemption of approximately $1100. Great commuter home close to bus, train, shops, etc. Do not miss this perfect blend of contemporary updates and Victorian restoration.

If you're selling your home you'll want to take photos that show off both the inside and the outside of the property. Taking photos outside, however, is drastically different than inside. You'll be dealing with a lot more natural light, which you can use to your advantage. However, you'll also have the disadvantage of having to work with the elements: changes in lighting, shadows, weather and climate, and so on. In this article, we'll show you how to take great photos of your home with a digital camera. We'll cover the settings and angles to get you started, and then it will be up to you to experiment to get those stunning exposures you'd see in a magazine.

Step 1: Setting up the yard

As important as how you take the photo is what you're photographing. Even the best photography will fall short if they lack the right subject to shoot. Before you even reach for your camera, you'll need to do some work in the yard. Freshly mown grass is one of the most important aspects of outdoor real estate photography simply for the reason that it takes up so much of the frame. A full, lush yard will pop in the photo, plus it will tell your potential home buyers that the lawn is well-manicured. Aside from the lawn, it's important that other landscaping features be tidied up. That doesn't mean you have to go out and buy new lawn decorations. Simply make sure that the lawn is edged neatly, that any mulch is fresh and not faded looking, and that trees, bushes, and plants have all been pruned and trimmed. It's also a good idea to clean your doors, windows, shutters, and siding of your home. A pressure washer works wonders, but you can often get them clean enough with a good car wash scrubber.

Step 2: Setting up your shot

There are many techniques to photographing the exterior of a home. Some photographers wait until the sun is setting and turn on all the lights in the home creating the sense that the house is the warm center of the property. Other photographers prefer to shoot in the day time with a sunny sky to show of the home's architectural details. Whichever way you choose, there are two important things to remember when taking your photos: First, make sure you have shots with the entire house in the frame. Not only is it more aesthetically pleasing this way, but it also allows potential buyers to see what the house would look like with the naked eye. Second, be sure to take detail photos of any aspects of the home or property that are of particular interest, such as a pool, patio, or excellent view.

Step 3: Camera settings

As a rule, you'll want to take your outdoor shots using a tripod. Camera shake can cause blurry, out of focus photos even indoors. But when you're outside, you also have the wind and uneven ground to deal with. Move around and take shots rom several different angles. You'll likely find that shots taken head-on with the house feel flat, whereas shots taken diagonally create more space, making the home and yard appear larger and more interesting.

This listing recently sold for $123,000.

29 Fieldstone Drive, Hartsdale, NY 10580  

Sale Price
A private entrance leads to this quiet one bedroom unit. Park like setting just outside front door with room for BBQ table and chairs. Spacious living room and dining area w/hardwood floors and recessed lighting. Large Bedroom has 2 closets. Kitchen w/dishwasher and plenty of cabinets. Washer and dryer in unit! Rex Ridge complex has a playground, picnic area and pool. This units just needs some paint and your finishing touches! Monthly maintenance does not include STAR reduction of $93.35

Meticulously maintained spacious home in Brookside Neighborhood of the Bronxville PO. Lovely, welcoming home with great curb appeal on tree lined street. Located on cul de sac. walk to metro north, shops park and all that Village of Bronxville offers. Covered porch overlooks fenced in front yard, enter 1st floor with den, living room w. fireplace, dining room and open concept eat in kitchen. Access from dining room onto large deck. Upstairs to Master suite including sleeping quarters, dressing room sitting room, and master bath, two additional family bedrooms and hall bath. Above ground walk out basement (not included in square footage) includes family room, sleeping quarters, office plus laundry and utilities.

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