Home Buying in 10017 : Advice

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Terry Koraha…, Real Estate Pro in 11358
Terry Korahais answered:
If you are a Canadian resident and you want to borrow a loan/mortgage to buy a home in United States. Which bank is recommended to inquire for a quote
Hey Superboy, Try Royal Bank of Canada, I've had good experiences with them with Canadian buyers. Bone chance. Terry 718-614-3167 cell or TKorahais@elliman.com
0 votes Share Flag Mon Jun 16, 2014 Home Buying in 10017
Milly Lopez, Real Estate Pro in 10001
Milly Lopez answered:
Are individual condo unit inspections customary in NYC?
Denise, it is not customary but people are becoming more aware that hiring a professional inspector is the way to go! Not all surprises are good and it is an amazing feeling to find som ... more
0 votes Share Flag Tue Feb 25, 2014 Home Buying in 10017
Denise, Home Buyer in 10036
Denise answered:
Am I making a wise short sale purchase, given the fact that I'll have to cover the seller's $30K HOA debt?
Based on my offer I'd be getting the property $70K - $80K below market value. I'm aware the bank could counter my offer, but I'm unwilling to go any higher due to the hug ... more
0 votes Share Flag Sun Nov 13, 2011 Home Buying in 10017
Jeanette Wil…, Real Estate Pro in Queens, NY
Jeanette Wilson answered:
trying to change real estate agent
I agree sometimes it can be difficult. But if the agent assisted you in finding the property, negotiated the price and got the contracts started, then they are entitled to the commissio ... more
0 votes Share Flag Thu Sep 15, 2011 Home Buying in 10017
Sarita, Home Buyer in 02368
Sarita answered:
Seller is foreign national. Valid POA not provided on closing date. Seller's attorney not agreeing to refund deposit and wants to litigate.
Thank you ! We are going to see a litigation lawyer tomorrow. I will bring up Lis Pendens with him during the consultation.
0 votes Share Flag Wed May 4, 2011 Home Buying in 10017
Jovani Giron, Real Estate Pro in 10465
Jovani Giron answered:
Is a mail away closing possible if the seller cannot attend the closing and is not a US citizen?
Sarita,

It depends on the state you are purchasing the property, in New York State a mail away closing is not possible, contact your attorney to find our if it is possible in the s ... more
0 votes Share Flag Wed Apr 20, 2011 Home Buying in 10017
Sarita, Home Buyer in 02368
Sarita answered:
What does a buyer do if the seller does not agree to a closing date nor is able to furnish a power of attorney?
THank you so much Mitchell. The bank attorney has also reverted that the mail away closing is not possible in NY. We are going the extension route. Thanks again! Hopefully this will so ... more
0 votes Share Flag Tue Apr 19, 2011 Home Buying in 10017
Mitchell Hall, Real Estate Pro in New York, NY
Mitchell Hall answered:
What goes into an official offer document? Does it include my financial assets?
If it is a coop purchase the seller or their agent may ask for a signed (REBNY) financial statement. A pre-approval from a bank is not enough to purchase in 10017. Coops and many condos ... more
0 votes Share Flag Sun Apr 17, 2011 Home Buying in 10017
Allan Erps, Real Estate Pro in 10954
Allan Erps answered:
I am buying a short sale property. After the sale was approved by the seller lender, the seller then add an addendum for me to pay the sellers
The only Sellers cost that might be included that I have seen is the Transfer tax of $4 per $1000 if that is what you are referring to.
0 votes Share Flag Sun Mar 28, 2010 Home Buying in 10017
Jenet Levy, Real Estate Pro in New York, NY
Jenet Levy answered:
Is this seller lying? Are there truly multiple offers?
LPaige,
Now I'm responding not to the original questions but your follow-up below. You say you are working with an agent but maybe you need to switch to one who works full-time wi ... more
0 votes Share Flag Thu Mar 25, 2010 Home Buying in 10017
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
Trying to change real estate agent in the middle of buying process…
Hi Clonic. Great question. By now you've probably closed on the Condo. So let's see...she found a property you liked and there is an accepted offer with a binder. As per your ... more
0 votes Share Flag Sat Jan 30, 2010 Home Buying in 10017
Monica K Pin…, Real Estate Pro in New York, NY
Monica K Pindle answered:
I asked my real estate agent about inserting terms in purchase agreement to protect buyer against Chinese drywall.
Hi!
You can't possibly know what is installed into a property unless you have a full specification on it. And that information is not readily available unless there has been known ... more
0 votes Share Flag Thu Jan 28, 2010 Home Buying in 10017
Jolie Muss, Real Estate Pro in Upper West Side, New...
Jolie Muss answered:
Isn't the real estate agent supposed to help the buyer?
Ellee,
You may want to work with a buyer's broker This agent sounds like she may be showing you her own listings and in that case her loyalty is to the seller. The sidewalk may no ... more
0 votes Share Flag Sat Jan 16, 2010 Home Buying in 10017
Ashok 'Shooo…, Real Estate Pro in 07030
Ashok 'Shoookie' Singh answered:
For economic reasons, I would like to consider buying a repossessed home. Is paying a service the only way to find them?
Paying for a service is a complete waste of time. Although not a popular opinion, dealing with a Realtor may not be the best way to find foreclosures/repossessed properties. The absol ... more
0 votes Share Flag Fri Jan 1, 2010 Home Buying in 10017
Glenn Minnick, Real Estate Pro in Upper West Side, New...
Glenn Minnick answered:
Are Sellers currently getting close to their asking price?
You should always us an experienced agent (somebody in the top 5% in the city). An experienced agent can help you find recent comparables in the neighborhood, check out the building's ... more
0 votes Share Flag Fri Aug 15, 2008 Home Buying in 10017
Mia G~Maripo…, Real Estate Pro in Mariposa, CA
Mia G~Mariposa's House Hunter! answered:
Do you know where I can find what the average square footage price is for a commercial condo space in midtown?
Find an agent that is willing to go on the local MLS there and print solds in this catagory in the last 3 months. Get out the old calculator and do a little math..
0 votes Share Flag Sun Aug 3, 2008 Home Buying in 10017
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