New York

Tips for Selling Real Estate

Navigating the real estate market in New York, whether you are a buyer or seller, can be a daunting task.  As a seller, there is a lot that you can and need to do in order to sell your property, find a buyer, get the best sales price and get to the closing table.   If you were to do this on your own, you could probably eventually figure it out, but if you had the right agent on your side from the moment you decided to sell, the thorny path to selling can be paved for you so that you can go smoothly from listing your place for sale through closing.

Teresa Staiano, a real estate agent with Prudential Douglas Elliman shares some tips for sellers in a recent call with me which you can hear below, and some of those tips are outlined here:



A vacant home does not appear to most buyers.  In fact, only seven (7%) of people can actually visualize their furniture in it.  So staging is crucial to showing your property.  A staged home has a better chance of selling faster & for a higher price and can decrease the number of days that the property remains on the market.

(see pictures here)


According to Teresa, “clutter eats equity” by making the home feel smaller.  It distracts buyers from seeing the property itself because of all of the nick-knacks.  Clutter can make a property feel dirty, cluttered and small which is not attractive to most buyers.  “I would suggest taking down family photos and personal items , as they make the home feel more impersonal and let’s the buyer potentially see themselves there”, says Teresa Staiano.

(see pictures here)

Professional Photos

Professional photographs are a must.  Many buyers today can do their own research online and can see pictures and sometimes take a “virtual tour” of a property before they go out to see it.  Which photographs would be more appealing?  Amateur photos or professional ones which can capture the true essence of your property. 

(see pictures here)

Implementing this tips and strategies may appear to be simple and easy, but using the right professionals and having an “eye” for what buyers are looking for are invaluable.  Listen for more tips from Teresa Staiano by clicking “play” below:

To hear future broadcasts with many of our other professionals, please visit this page to sign up for your unique call-in information.


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Do you have the right Will? Are you in control of your assets?

Have you ever thought about writing a Will and just haven’t gotten around to it yet?  Or, maybe you might be avoiding the conversation altogether because it’s kinda morbid and you don’t want to even think about your future death.

You can continue on that path, or face the reality, as you have heard many times,

“Two things are certain in life, death and taxes.” – Benjamin Franklin

Besides, if you don’t write a Will or do your own estate planning, New York State has its own statute which provides how your property will be distributed after your death.  However, the way it will be distributed may or may not be the way that you intend.  So, the best way to ensure that your property is passed along to your intended recipient is to write a Will or a Trust.

Another benefit of estate planning is tax planning and to protect family assets in the event of marriage or divorce.

I met with Jeffrey A. Asher, a trust and estates attorney last week during our weekly “Coffee Break With Sabra” and he talked more extensively about the importance of having a Will, who should have one and who would benefit from estate and tax planning to minimize the New York State and Federal estate tax due.  He also talked about a frequently used trust referred to as the Revocable Living Trust and its benefits.

You can listen in to the call with Jeffrey Asher to hear all about what he had to say by clicking “play” below:

To hear future broadcasts with many of our other professionals, please visit this page to sign up for your unique call-in information


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Do you have what it takes to secure a mortgage loan?

Posted by LeeAdmin on February 25, 2013
Coffee Break With Sabra, mortgage, New York, real estate, refi, refinance / No Comments

Inventory is low in the current New York real estate market, and, as a buyer, you will want to set yourself apart from the other buyers.  One of the ways that you can do that, is to show your prospective seller that you have your finances in order.  Soon after signing the contract of sale, you will need to immediately apply for your mortgage loan which can be overwhelming.  There are many documents and a lot of information that the bank or lending institution will request prior to granting your request for a loan.  And, if you already own property and you are seeking to refinance, many of those documents are the same. 

Jonathan Goldberg, a residential mortgage specialist with Sterling National Bank, met with me to share valuable information about what you need to have in order when applying for a mortgage or refinance an existing loan.  He says that the three most important things that the bank will evaluate are your (1) Credit profile, (2) Capacity to repay the loan profile, and (3) Collateral profile of the property to be collateralized or refinance.

Aside from the obvious in terms of providing the correct spelling of your name, social security number and current residence address, Jonathan provided a detailed list of the financial documents that the lender will request to see when doing its evaluation and he also shared some surprising information such as:

• While credit scores range from 350 to 850, according to Jonathan, even those with a credit score as low as 640 would be considered for a loan

• While most loans are in the range of 80% to 90% of the property value, there is a loan that may permit as much as 96.5% financing 

Also, you can visit to get a headstart and get access to your credit report and credit profile from each of the three credit bureaus. 

To hear the full interview with Jonathan Goldberg, click the play button below


To hear future broadcasts with many of our other professionals, please visit this page to sign up for your unique call-in information

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