11217 : Advice

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Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
I have a home in Brooklyn NY and the other owner and myself are no longer on good terms. I need to find out whether the house is owned.
You can look this up online in the Brooklyn real estate records or you could contact the closing agent who handled the transaction when you purchased it. Or you could speak to a NY atto ... more
0 votes Share Flag Sun May 3, 2015 Home Selling in 11217
Kevin Hamilt…, Real Estate Pro in Brooklyn, NY
Kevin Hamilton answered:
Hi there. How do I list my apartment for sale please? I set up an account but can't see how to do this.
Lorraine, there is a help virtual advisor that can assist you with this, located at the bottom right hand corner of the screen or support tab at the top. You'll be creating a Basic Acco ... more
0 votes Share Flag Thu Mar 26, 2015 Home Selling in 11217
John Donnelly, Real Estate Pro in New York, NY
John Donnelly answered:
Hi looking for a 2 bedroom in the 11217 area. max 2400 suggestions/listings would love any as my daughter will be attending PS 133 in the Fall.
I definitely have a few different apartments available currently at the price range your speaking of. Do not hesitate to give me a call. Let's see what we can figure out if you haven' ... more
0 votes Share Flag Tue Feb 10, 2015 Rentals 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
Jean-Paul Ho, Real Estate Pro in Brooklyn, NY
Jean-Paul Ho answered:
looking for 3bd/1ba at Brooklyn by max 2200 US/mo but should near for Elementary ,middle and high school rating 9 or 10
GET UP TO $ 65,000.00 IN GRANT
Why rent? Is there anyone giving YOU money to rent? Any tax deduction? Rent KEEPS going up in Brooklyn? Own CHEAPER than renting - You are in a fixed i ... more
0 votes Share Flag Fri Jan 17, 2014 Rentals in 11217
unkhkhih, Real Estate Pro in New York, NY
unkhkhih answered:
Add a 3rd BR to 1104sqft condo?
There are legal and board rules that you should be aware of before you make this update.
I’m an agent working for ReMax NYC Midtown and I’m always doing my research on pr ... more
0 votes Share Flag Mon Nov 18, 2013 Remodel & Renovate 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 11229
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 11229
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 11229
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 11210
Charles D'Alessandro 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…, Real Estate Pro 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…, Real Estate Pro 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
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