Home Buying in Brooklyn : Advice

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Margmary2, Home Buyer in Minneapolis, MN
Margmary2 asked:
I'm the seller, do I have to pay for repair if the inspector said I have low water pressure in the house? I'm in Minnesota, and does it have to be up to a certain code?
0 votes Share Flag Sun Jul 5, 2015 Home Buying in 11235
HelpUBuy Ame…, Real Estate Pro in 75019
HelpUBuy America answered:
How do I report a builder or real estate for selling this condo before having all the necessary papers?
Builders pre-sell all the time; it's not an uncommon practice at all. There should be a clause in your contract that describes the maximum build time, beyond which they must refund your ... more
0 votes Share Flag Fri Jul 3, 2015 Home Buying in Brooklyn
Michelle Mas…, Home Buyer in West, TX
Michelle Masterson answered:
I've been trying to buy a house but those cash buyers are making it way too difficult for the sellers to even consider my offers.
Yes, You can beat my cash offer with a finaced offer - The number one way is to offer no inspections or that even with inspections you will not back out of contract.

Many people thi ... more
3 votes Share Flag Fri Jul 3, 2015 Home Buying in Brooklyn
Jordan Pryce…, Real Estate Pro in New York, NY
Jordan Pryce Levitt answered:
I've seen an apartment with a broker, and the deal fell through. Other apartments are avl in the same
This depends on whether the building is new construction and a sponsor sale, or a resale in an existing building. In a new building the broker will likely registered you as their custom ... more
0 votes Share Flag Sat Jun 27, 2015 Home Buying in Williamsburg
Jordan Pryce…, Real Estate Pro in New York, NY
Jordan Pryce Levitt answered:
Please advise whether the properties in Williamsburg is freehold or leasehold? Thank you
I can imagine by the question that you might be English. In New York most of the property is freehold, although we rarely use that term.

There are some rare exceptions where the ... more
0 votes Share Flag Sat Jun 27, 2015 Home Buying in Williamsburg
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
I bought a home in nyc a year half ago thru FHA. CanI get a 2nd mortgage in NJ as my primary residence thru FHA or a loan with less than 5% down?
Until you have two years of documented experience as a "landlord" rental income will not be counted so unless you are financially able to qualify to carry both mortgages you can basical ... more
0 votes Share Flag Fri Jun 26, 2015 Home Buying in 11207
Bobcaruso1, Home Buyer in Mount Laurel, NJ
Bobcaruso1 answered:
Where is the best area in Bay Ridge?
The best area in Bay ridge is from about 75 street to 96th street from shore rd up to ridge blvd. expensive but you can't go wrong.
0 votes Share Flag Thu Jun 25, 2015 Home Buying in Bay Ridge & Fort Hamilton
Kathryn Lilly, Real Estate Pro in Brooklyn, NY
Kathryn Lilly answered:
should a NYC title search (performed by a respectable title company) reveal if an extension to a 2 family building is legal or not?
Ask the Title company to order a complete Survey search.
It is an extra fee,but will reveal the answer.

Kathryn Lilly
Realty on the Greene, LLC
KLilly@Realty on the Greene.com
71 ... more
0 votes Share Flag Wed Jun 24, 2015 Home Buying in 11216
Megan Miller, Home Buyer in Fresno, CA
Megan Miller answered:
FHA Loans for 580 credit score
580 is the minimum score for FHA Loans. Check out The Lenders Network ,they referred us to our lender and we were approved after being rejected by like 5 lenders!
3 votes Share Flag Wed Jun 17, 2015 Home Buying in 11237
Jesseybeth, Home Buyer in Dallas, TX
Jesseybeth answered:
How much title search should cost for buying house for cash 560,000.00 in new york
Closing Costs include the following:

Lender application fee, Credit Report Fee, Attorney's Fee, Title Search, Survey, Recording of the Mortgage and Deed, Fedex/Mailing Fee, Copies of ... more
0 votes Share Flag Thu Jun 11, 2015 Home Buying in 11211
nelly Berrios, Home Buyer in Estero, FL
nelly Berrios answered:
I need a real estate litigation attorney
Why would you want to buy someones home under them? Ci=onsider how much they purchased it for, what they put into it and how much they have paid on it over the years. Maybe they thought ... more
0 votes Share Flag Thu Jun 4, 2015 Home Buying in Brooklyn
Joseph Domino, Real Estate Pro in Scottsdale, AZ
Joseph Domino answered:
NEED GUIDANCE ON HOW TO SELL MY HOUSE AND IMMEDIATELY BUY NEW ONE WITHOUT PAYING CAPITAL GAIN
If the condo was your primary residence for any 2 out of the last 5 years you may be eligible to exempt up to $250K in GAIN ($500K if you file jointly with a spouse). It is important to ... more
0 votes Share Flag Mon Jun 1, 2015 Home Buying in Brooklyn
Hing On Sun, Home Buyer in Bradenton, FL
Hing On Sun answered:
my name is May, I am looking for a Mixed Use/Store & Family property on 8th Avenue, and also interesting between on 54 street to 60 street, if
MAY, IF YOU ARE LOOKING FOR SOMETHING LIKE THAT ON 8TH AVE BETWEEN 54 TO 60 ST, BE PREPARED TO BE ASKED FOR 3MILLION TO 4 MILLION RANGE. THAT IS THE PRIME LOCATION OF BROOKLYN CHINATOWN ... more
0 votes Share Flag Mon Jun 1, 2015 Home Buying in Brooklyn
Michael Denn…, Real Estate Pro in Brooklyn, NY
Michael Denniston answered:
can you close without mortgage approval, when the contract say's "non conditional clause written in?
Hello Rphmay,

Your question is not totally clear. But I'll do my best to address them. On one hand, you ask if you can close without mortgage approval, then you go on to say the mor ... more
0 votes Share Flag Mon Jun 1, 2015 Home Buying in Brooklyn
Kelly Pessis, Real Estate Pro in 90265
Kelly Pessis answered:
Is it better to inspect a Short Sale house before submitting an offer?
Your contract is most likely written that once approved you have a certain amount of time to perform inspections. You might never get to that point so save your time and money and wait ... more
0 votes Share Flag Fri May 29, 2015 Home Buying in 11221
Kelly Pessis, Real Estate Pro in 90265
Kelly Pessis answered:
Do lenders require Landlord Course?
No, not unless it is some sort of government program. I do suggest that you join an apartment owners association in your town. They usually offer advise, documents and legal questions ... more
0 votes Share Flag Fri May 29, 2015 Home Buying in 11221
Toni Licciar…, Real Estate Pro in 08051
Toni Licciardelli answered:
What does a short sale mean?
The liens on the property exceed the market value of it, and the bank (usually primary lien holder) basically agrees to release their claim for an amount 'short' of what is owed to them ... more
0 votes Share Flag Fri May 29, 2015 Home Buying in 11221
David Nurse, Real Estate Pro in Prospect Heights, Br...
David Nurse answered:
Seeking 3-4 Family in Bed Stuy, Bushwick or Crown Heights
Sol. Please allow me the opportunity to assist you in making this large purchase. My company have a few available listings. Please call/text at 9174280563 or email me at davidnurse@fill ... more
0 votes Share Flag Wed May 27, 2015 Home Buying in Bedford - Stuyvesant
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