Get a smaller rental. Cut down on spending. Save your money. You have to have a downpayment and closing cost. Not to mention insurances, taxes (escrow) and upkeep to your home. Live frugal and you can achieve your goals.... more
In my biased opinion, I believe a borrower should shop for their mortgage rate and fees upfront, based on an "apples to apples" comparison. For example, maybe call two mortgage banks, and two mortgage brokers, and request a written estimate for your specific details of transaction.
"Hello Lender XYZ, My Name is James Sandomierski, and I am shopping for a mortgage. Are you able to provide me with a written Estimate?" "Can you please email me the estimate, based on the following terms:"
* $300,000 Purchase Price
* 20% Down Payment
* $240,000 Loan Amount
* 30 Year Fixed Rate Conventional Loan
* With No Discount Points or Origination Points
* Based on a 45 Day Rate Lock Period
* And a XYZ Middle Credit Score
Then say: "I will review your rate and fee estimate upon receipt, and I will call you back if I am interested in proceeding further."
Then wait to see who responds quickly and efficiently with the best rate and fee combination, and proceed with that Loan Originator for you mortgage Prequal Letter & Preliminary Mortgage Approval.
Note if a Loan Originator doesn't provide a written estimate, or is slow to respond, then that is the likely service you would receive from that lender.
Finally, if you are looking for the best low cost mortgage lenders in Arizona, please call me, or visit my website. Thank You! Steve Bernstein (480) 424-7144 www.azcentralmortgage.com NMLS 1230169 / 1443346 Equal Housing Lender.... more
I'm a former realtor & life long resident of Westchester so.. To clarify:
The following public schools are within the Scarsdale school district:
Fox Meadow Elwmentary
Quaker Ridge Elementary
Scarsdale Middle School
Scarsdale High School
The following public schools are within the Edgemont school district:
Steely Place School
Edgemont Jr./Sr. high School
The dividing line is along Scarsdale Ave. All streets from Scarsdale Ave. / East Parkway / Fox Meadow Lane and going east towards Mamaroneck, are within the Scarsdale school district. All streets west of Scarsdale Ave. including Garth Rd. Are within the Edgemont / Greenburgh School District. This accounts for pricing of homes. Homes within the Scarsdale school district are priced higher than homes within the Edgemont School District,
As for quality of schools, yes, Scarsdale schools are considered better and have a higher prestige than Edgemont or Greenburgh schools.
As for property taxes, Scarsdale already went thru a reassessment and many residents complained of tax increases. Mamaroneck & other towns also had a reassessment and residents taxes did increase. Greenburgh is scheduled for their reassessment as well as other communities. Most likely property taxes will increase. It's part of living in Westchester. Understand all of the town's have never had a reassessment in about 40 years or so. Residents who have lived here for years are the ones complaining but they are the ones who were not paying enough in taxes for years.
Bottom line - no matter where you live in Westchester or Nassau County, property taxes are pretty steep. It pays for the excellent quality school systems. There are some towns with much less taxes. It either the school system is inferior or it has a major commercial base. Example: White Plains has a major commercial base to supplement taxes; Yonkers has a very low quality school system.
If you can afford a million dollar home +, you need to look at Rye, Larchmont, Irvington, Tuckahoe, Eastchester, Ardsley, Harrison, north end of New Rochelle, Orienta section of Mamaroneck. All of these have top rated school districts and expensive homes. I know the property taxes are high but you get quality schools. You should also research Bedford.... more
Due to the Trust issue, you definitely need to talk to an AZ Real Estate Attorney! Other than that, Selling your house by owner is much more difficult than you might think. I recently helped a friend FSBO a home, and I found that there are many complex details that go into selling your own home! Following are a few FSBO pitfalls:
1. Dealing with Arizona real estate laws regarding purchase contracts & seller property disclosures
2. Determining whether to pay Buyer side real estate agent commissions, (typically 3%)
3. Taking phone calls from numerous real estate agents who are only interested your Listing
4. Prequalifying homebuyers prior to showing your home, so you don't waste time
5. Buying For Sale By Owner & Open House signs, and then placing them in your neighborhood
6. Taking professional photos for FSBO Flyers, and for Homebuyer Website sites like trulia.com
There are numerous other complexities involved in selling your AZ home by owner. Moreover, in my opinion you need to have your home listed in the MLS! Otherwise 8 out of 10 home buyers interested in buying a home in your AZ neighborhood, won't ever know your house is for sale!
Note there are a few good real estate agents and FSBO services that will list your home on the MLS for a Small fee. But if you're not paying the standard 3% Buyer's real estate agent commission, real estate agents in AZ won't show your home!
If you have additional FSBO, or Mortgage related questions regarding an AZ home, please contact me directly. I can refer you to a great local real estate professional in your neighborhood, and I am also one of the best low cost mortgage lenders in AZ! Steve Bernstein (480) 424-7144 www.azcentralmortgage.com NMLS 1230169/1443346 Equal Housing Lender... more
You may be able to do a short sale. To avoid owing a balance, have a real estate attorney represent you in the short sale process with the lender, many FL real estate attorneys are versed in short sales. Then list your home with a real estate agent who is experienced with short sale listings. Between the attorney and the real estate agent, you should be fine.... more