Home Buying in 10940 : Advice

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joscags, Home Buyer in 10940
joscags asked:
Has anyone gotten approved for a Home Equity Loan with a SONYMA mortgage that had down payment assistance? I applied for and was approved for a Home Equity Line of Credit. Upon title review before closing, it was found that the down payment assistance loan (DPAL) exists as what the bank/lawyer…
0 votes Share Flag Mon Aug 5, 2013 Home Buying in 10940
Christine Sw…, Real Estate Pro in Bethel, NY
Christine Sweetman answered:
We are looking to convert a bedroom into a master bath. We still have enough room to keep the home a 3 bed 3 bath, Will our home lose value?
Marvin, I see a huge value in adding a master bathroom. I believe you simply change your target market from a family who is looking for 4 bedrooms to a family who is looking for 3 bedro ... more
0 votes Share Flag Tue Dec 18, 2012 Home Buying in 10940
Asa Lennon, Real Estate Pro in 12566
Asa Lennon answered:
What can you tell me about the Presidential Ridge community in Middletown NY?
Never heard any complaints, however, the area is not taxed any differently, there is no flooding because it sits at the top of the hills near Davidge Park.Crime and schools cannot be di ... more
0 votes Share Flag Tue Jul 17, 2012 Home Buying in 10940
John Olivero, Real Estate Pro in Goshen, NY
John Olivero answered:
It seems that orange county homes are losing value.
Area home values increasing or decreasing depends on the criteria you are using to determine this. Are we looking at month to month, quarter to quarter or year to year sales results? Ar ... more
0 votes Share Flag Sun Jul 8, 2012 Home Buying in 10940
Miriam Munzer, Real Estate Pro in Goshen, NY
Miriam Munzer answered:
Can anyone tell me about the Canterbury Knolls Community in Middletown, NY? The free standing homes seem to be losing value every year. Thanks.
Hello,
Yes, the prices are down. They are down everywhere. Not just in one community or in one city!

I believe we are at the lowest point in the market place right now. If you were ... more
0 votes Share Flag Tue May 22, 2012 Home Buying in 10940
Miriam Munzer, Real Estate Pro in Goshen, NY
Miriam Munzer answered:
I live in NYC and am considering purchasing a home in orange county, NY. How is Middletown versus Newburgh. Are either areas safe to live in?
Difficult question to answer. Every area has a certain amount of petty theft, larceny, etc..

You can find stats on City of Middletown vs City of Newburgh on any search engine. Howeve ... more
0 votes Share Flag Sun Apr 1, 2012 Home Buying in 10940
Inquisitive…, Home Owner in 10940
Inquisitive Mind asked:
If a seller is giving monetary concessions to a borrower for house repairs, does the amt count toward the lenders 3% - 3rd party contribution cap? The lender has a 3% maximum 3rd party closing cost contribution cap. the seller agrees to pay for multiple home improvements that exceed the 3% cap. If the improvements are documented in…
0 votes Share Flag Thu Mar 1, 2012 Home Buying in 10940
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
HOW MUCH SHOULD I BID ON A HOUSE WITH AN ASKING PRICE OF $120,000 IN THIS MARKET?
LISTING PRICE
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guidelin ... more
1 vote Share Flag Mon Feb 20, 2012 Home Buying in 10940
Asa Lennon, Real Estate Pro in 12566
Asa Lennon answered:
How long is the commute to NYC for work from Middletown?
Hi Quishe..the accepted time of travel by the police and fire departments is about an hour..the reason i say this is that a lot of my clients have been both cops and firemen who are onl ... more
0 votes Share Flag Fri Oct 15, 2010 Home Buying in 10940
Asa Lennon, Real Estate Pro in 12566
Asa Lennon answered:
if I have a contract, how long do I have to close.
The problem with trying to put off the closing is the buyer's financing has a "rate lock" period..You would need to know when that expires...because ..once it does, the b ... more
0 votes Share Flag Fri Aug 20, 2010 Home Buying in 10940
Asa Lennon, Real Estate Pro in 12566
Asa Lennon answered:
How much should I bid in this market, on a home that has an asking price of 315,000? Thank you
The bottom line is that a buyer's agent is supposed to try to get you the house for the LEAST amount of money..Regardless of what a comparable says, that should be your top dollar ... more
0 votes Share Flag Thu Aug 19, 2010 Home Buying in 10940
Voices Member,  in
Voices Member answered:
I had an accepted offer on a home, with a seller's concession. Now the sellers come back and say that they
The main reason I can see is if they (the sellers/listing agent/lawyer) do not think it will appraise high enough to cover the whole offer. This might be the reason,unless the offer is ... more
0 votes Share Flag Wed Jul 1, 2009 Home Buying in 10940
Bill Smith, Real Estate Pro in 10950
Bill Smith answered:
i am looking for the tax foreclosures properties in middletown in newyork with zip 10940
http://www.co.orange.ny.us/documentView.asp?docID=429
the sale is only once a year, if your interested in buying wholesale real estate, theres a club for real esatte investors that mee ... more
0 votes Share Flag Sat Jan 24, 2009 Home Buying in 10940
HV Home Team, Real Estate Pro in 10950
HV Home Team answered:
What is a seller's concession and does it benefit a seller?
Many time a potential buyer does not have the funds for a downpayment and the closing costs. The seller will give money back to the buyer at the closing to cover these costs.

In mos ... more
0 votes Share Flag Fri Jan 2, 2009 Home Buying in 10940
HV Home Team, Real Estate Pro in 10950
HV Home Team answered:
What is the advantage/disadvantage of buying a home that has well water vs. municipal water?
To me it's about responsibility. Municipal Services are provided by the town for a fee, but in the event of a problem with these services more often than not...the reponsibility for rep ... more
0 votes Share Flag Sun Nov 30, 2008 Home Buying in 10940
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