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Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Mitchell Feldman answered:
Appraisal value lower than offer
Dear Caitlinkerker:

Basically, when the appraisal comes in short, the bank will refuse the loan thus giving the buyer the legal right to cancel the deal and get their down payment ba ... more
0 votes Share Flag Wed Dec 4, 2013 Home Buying in 11232
Jose Garcia, Real Estate Pro in Brooklyn, NY
Jose Garcia answered:
Why do banks want to know how many units in a co-op are owner occupied vs. rented out?
In addition to owner occupied, the maintenance is base on the prices that owner occupied verse tenant occupant because the lower the maintenance also plays a role in the price the build ... more
0 votes Share Flag Mon Jul 29, 2013 Home Buying in 11232
Melissa Goss, Real Estate Pro in Center Moriches, NY
Melissa Goss answered:
Hi, I'm a real estate agent in New York, rentals. I would love to begin the field with cash investors, where should I begin?
The cash investors won't just be sitting on a waiting list looking to work with you, that is for starters. In fact most investors I have come across tend to stick to the same agent for ... more
0 votes Share Flag Sat Jul 13, 2013 Agent2Agent in 11232
NJCarolxx, Home Buyer in Highlands, NJ
NJCarolxx asked:
Property tax disputes I live in South Plainfield NJ and am disputing my property taxes. ll, How do I go about making the adjustment retroactive. I purchased the property in 2009?
1 vote Share Flag Wed Apr 24, 2013 Financing in 11232
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
do I need to have a 10% down payment to buy a building in my neighborhood? Do banks ever offer a loan to someone with 5%?
Small correction Rhonda, that is 1-4 family. 5 or more is commercial. And yes, commercial generally requires at least 25% down.
0 votes Share Flag Fri May 4, 2012 Home Buying in 11232
Christopher…, Real Estate Pro in 11215
This morning I posted a piece in my Realtrime Real Estate Blog about the recent increase in market activity around Greenwood Heights.  We are seeing a rise in the asking price per square foot and it… Read more
Blogged Thu May 12, 2011 by Christopher Howard Market Conditions Home Buying Home Selling
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David Rogoff…, Real Estate Pro in Brooklyn, NY
David Rogoff and Bonnie Chernin answered:
Hi, I'm looking to sell my apartment for the price I bought it at 3 years ago. How much of a hit will I take? I paid 230k for it. It's on
Have your agent prepare a CMA so you have a general idea of value and approximate gross sales price.

Your accountant / attorney can assist with the estimates of closing costs at vari ... more
0 votes Share Flag Tue Apr 26, 2011 Market Conditions in 11232
Rhonda Holt, Real Estate Pro in Brooklyn, NY
Rhonda Holt answered:
What is the difference between a Co-Op and a Condo?
I'm known as the co-op and condo queen in my office, feel free to check out my website that explains the differences and payment structure.

If you have any questions or you� ... more
0 votes Share Flag Tue Jan 4, 2011 Home Buying in 11232
The Appraiser, Real Estate Pro in Gainesville, GA
The Appraiser answered:
How do you dispute property taxes?
Get your appraisal out from your purchase. Compare the square feet to what is on the tax card. They may combine the finished basement (If you have one) with the heated living area abo ... more
0 votes Share Flag Thu Mar 11, 2010 Financing in 11232
Alen Moshkov…, Real Estate Pro in 10022
Alen Moshkovich answered:
How do I find proof of which real estate offices is selling the most multi-family houses in the Sunset Park neighborhood of Brooklyn, NY 11232?
Hi Merle,

Are you looking to sell your home in Sunset Park? I am very familiar with the area, currently live on Fort Hamilton Parkway, and before that I used to live on 9th and 47th ... more
0 votes Share Flag Thu Nov 5, 2009 Home Selling in 11232
Tom McGiveron, Real Estate Pro in Patchogue, NY
Tom McGiveron answered:
I am looking for a 2 family foreclosure home
So in brookaleen huh - 2 fam foreclosure?
0 votes Share Flag Mon Apr 20, 2009 In My Neighborhood in 11232
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