Where are you guys getting your stats I have been looking for a house in Queens for 2 years and I'm always?
getting beat for Cash and the same houses are getting flipped back on to the market for 50 to 150 grand more. No one makes enough to handle a 400K to 500K mortgage in Queens. You need to ask some real people about the housing market in queens not stats.
To Terry I do not understand can you give further details because I am putting my offers in with a Mortgage pre-approval along with proof of funds 20% down.
Is there something I'm missing please advise here or email me noblesamuel@gmail.com
Hi Noble, the reason you keep getting beat out of a deal- is because they have cash readily available....You can do the same thing...get your mortgage committment with the only contingency of an appraisal and Address to be determined-your odds will greatly increase. Chances are you will get the next house you make an offer on. More info Terry K 718-614-3167 cell. or email me therese.korahais@elliman.com
I quite agree with you. I have been searching for close to 1yr too and keep running into the same issues. Cash buyers are sweeping up all the deals and honest hardworking families like mine do not stand a chance. I keep hearing it's a buyer's market, but WHO IS THE BUYER??? It's just so unfair...
I keep wondering - can't the government do something to help us out?
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