Home Buying in 11217 : Advice

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Kurtis Glover, Other/Just Looking in
Kurtis Glover asked:
share with who?
0 votes Share Flag Sat Aug 8, 2015 Home Buying in 11217
Galia Taneva, Real Estate Pro in Cupertino, CA
Galia Taneva answered:
Difference between the "Trulia Estimate" and the actual sale price listed.
A Trulia Estimate is just that: an estimate of a home's worth based on public records (mainly). The actual sale price is the last known sales price for this home. Trulia Estimates are n ... more
0 votes Share Flag Tue Feb 10, 2015 Home Buying in 11217
Sanjeev Ahuja, Real Estate Pro in Floral Park, NY
Sanjeev Ahuja answered:
Is financing available for $1.5m two-family w/ 15% down in Brooklyn?
If it is owner occupied then most likely you will get a loan amount of 1 million with 10% of the funds coming from your own savings and the remaining can be a gift. You will need closin ... more
0 votes Share Flag Wed May 14, 2014 Home Buying in 11217
Kathryn Lilly, Real Estate Pro in Brooklyn, NY
Kathryn Lilly answered:
Mixed Use Property
Mixed use properties typicaly do not have Open Houses.

Kathryn Lilly, Principal Broker
Realty on the Greene, LLC
718-858-7600
0 votes Share Flag Sun Mar 24, 2013 Home Buying in 11217
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Mitchell Feldman answered:
I'm interested in buying a foreclosed property in N.Y. I live in Florida. Is this something a real estate agent would be willing to get?
Dear pwl11575:

I am curious, why is it that you want a foreclosed property? Keep in mind that many foreclosed properties are in terrible condition and will require lots of work to ma ... more
0 votes Share Flag Fri Jan 4, 2013 Home Buying in 11217
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Mitchell Feldman answered:
I am looking to buy a multifamily property to rent. I have some questions: – Besides the factor of the price, is it better a tree or four families?
Dear John:

You need to find out the rent roll and then subtract the operating expenses to find out the Net Operating Income (NOI). After that you need to calculate the Capitalization ... more
0 votes Share Flag Thu Aug 30, 2012 Investment Properties in 11217
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Mitchell Feldman answered:
I am looking for a buyers agent to assist me with a small apartment purchase in ditmas park
Dear LL117:

If you want a buyers agent just make sure it is clear up front what your obligation to that agent is and whether or not you will have to pay them a fee. A buyers agent ha ... more
0 votes Share Flag Sun Aug 5, 2012 Home Buying in 11217
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
I have just found a dream home, have an household income of 200k and a credit score of 775, but only 5% of the down payment. Should I swallow the PMI?
Good afternoon Mark,

Strike while the iron is hot. Rates are incredibly low, and it's a Buyer's market. Jump in feet first and make your purchase!

And leave the money in your 40 ... more
0 votes Share Flag Mon Jun 11, 2012 Home Buying in 11217
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
What kind of down payment can I expect to pay if buying an apartment, co-op, or condo in Brooklyn, NY?
Good afternoon Mollie,

The best person to answer this would be your Local Mortgage Banker as part of the Prequalfiication process.

For Co-Op Financing, minimum down payment with m ... more
0 votes Share Flag Mon Jun 11, 2012 Home Buying in 11217
Kenneth Simm…, Real Estate Pro in Brooklyn, NY
Kenneth Simmons answered:
Can anyone recommend a mortgage broker who has experience working with freelancers who are looking for homes in the borough of Brooklyn?
Contact Stephan Hagege at Wells Fargo. Not only will he get you your loan but he is very patient. You can talk to him anytime and he will guide you through the process. His number is 21 ... more
0 votes Share Flag Sun Jun 10, 2012 Home Buying in 11217
Charles D'Al…, Real Estate Pro in Brooklyn, NY
Charles D'Alessandro Sr answered:
How important is SQ FT in determining value of a property? Can Sq Ft be offset by building quality and amenities?
The price sounds reasonable, but you cannot time the market. After looking at Condos on the market you should have a general idea of the value. As for the future market we can only spec ... more
0 votes Share Flag Mon Jan 24, 2011 Home Buying in 11217
David Rogoff…,  in Brooklyn, NY
David Rogoff and Bonnie Chernin answered:
My girfriend and I are interested in finding out more information on the Rent to Own options in Brooklyn, NY.
Dear Sergio:

Many condo developments are offering Rent with Option to Buy on new construction where many units remain unsold.

Almost any realtor can assist you with your search. ... more
0 votes Share Flag Fri Nov 19, 2010 Home Buying in 11217
David Rogoff…,  in Brooklyn, NY
David Rogoff and Bonnie Chernin answered:
what does tax deduction 40% (example) mean on the listing? Is it means 40% of maintenance fee is deductible for everyone?
Dear Masami:

At the end of the year the shareholders in Co-ops will receive from the management company the deductible amounts for co-op's interest expense and real estate taxes ... more
0 votes Share Flag Fri Nov 19, 2010 Home Buying in 11217
Dp2, Other/Just Looking in Virginia
Dp2 answered:
i already know that if u r unemployed or freelancing you cant get a mortgage---i am looking for alternative Ideas--ie: owner financed or ???
You might consider doing a lease-option or buying with seller financing.
0 votes Share Flag Sat Oct 2, 2010 Home Buying in 11217
Manu Kapoor, Real Estate Pro in Queens, NY
Manu Kapoor answered:
More info. Can I get a Mortgage on Investment property with 25 % down 2 Family. I own a 1 F I bought 2 yrs ago with 5 %. Cr is good inc is low s/e
As every body answered, more info required to answer your question.
0 votes Share Flag Thu Aug 12, 2010 Home Buying in 11217
Manu Kapoor, Real Estate Pro in Queens, NY
Manu Kapoor answered:
Can I get a mortgage on investment property 2 family 25 % down. I already own a 1 family. Income is very low.
Yes you could get a mortgage.
But a lot of other factors surround it. All income expenses plus a complete financial history for at least 24 months have to be fully verified before you ... more
0 votes Share Flag Thu Aug 12, 2010 Home Buying in 11217
Ed Groussman, Real Estate Pro in Brooklyn, NY
Ed Groussman answered:
What is the Fastest way to get a mortgage for a coop apartment in NYC?
If your file is strong, I should be able to have you file closed before June 30th.Call me to discuss asap at 646-523-6149 or email me at egroussman@gmail.com. I'm located in Benson ... more
0 votes Share Flag Sun Jun 6, 2010 Home Buying in 11217
Rhonda Holt, Real Estate Pro in New York, NY
Rhonda Holt answered:
Fixed rate mortgage for two family house?
Of course you can get a fixed rate mortgage. That's why I always tell buyers to see more than one mortgage person so you can compare information and get a great deal.

Maybe the comp ... more
0 votes Share Flag Fri Apr 24, 2009 Home Buying in 11217
Daniel Gersh…, Real Estate Pro in New York, NY
Daniel Gershburg, Esq. answered:
i am waiting on a brand new condo to finish building. how can i find out what the current market value is?
The below answer is wrong, plain and simple. This is New York, and many of these condos are not being sold and are simply sitting unsold. Sales plunged about 25% last quarter alone. ... more
0 votes Share Flag Sun Apr 12, 2009 Home Buying in 11217
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh answered:
I'm interested in an estate sale 2 family brownstone in fort greene. It is listed as as is and offer must be
If it is an estate sale that needs to be "signed" by the court, I would think that the unit is being sold by the family to assist with nursing home or some other care for the owner and ... more
0 votes Share Flag Thu Jan 22, 2009 Home Buying in 11217
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