12550 : Advice

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Ernie Behrle, Real Estate Pro in Raleigh, NC
Ernie Behrle answered:
I was looking at a house and now it is listed as being in contract. What does is mean when a house is in contract?
Good answers before me. The thing to remember though is far many more contracts go to a successful closing than fall through. Be careful if putting in a backup offer to try and not ge ... more
1 vote Share Flag Sun Sep 21, 2014 Home Buying in 12550
Njp Thompson, Home Buyer in New York, NY
Njp Thompson answered:
Purchasing property in Newburgh, NY
Negotiate for code violations to be corrected because the next day after you close the city code enforcement will come after you for these.
Bank REOS are better.
Better have a deep r ... more
1 vote Share Flag Fri Aug 15, 2014 Home Buying in 12550
Sandra Herre…, Renter in 12550
Sandra Herrera answered:
Hi my name is Sandra Herrera
Iam interested on the house that's they are renting in 18 Flemming dr in newburgh ny
0 votes Share Flag Wed Apr 9, 2014 Rentals in 12550
Allan Erps, Real Estate Pro in Nanuet, NY
Allan Erps answered:
Looking to rent single family home with in-law suite/apartment in ulster/ orange county ny
Quite agree with Katja & you can email me to send you properties if such a property exists. However would ned your budget or price point as well + amount of total bedrooms & bathrooms(m ... more
0 votes Share Flag Mon Jan 13, 2014 For Rent in 12550
Nancy Thomps…, Home Buyer in New York, NY
Nancy Thompson answered:
I found a house to purchase but I told that I need a co-sighner but I have nobody to do it what can I do to purchase this house?
find an immigration lawyer who has clients who need to make investments in the USA in order to get their work visas and form a company to invest in real estate. Make them your LLC partn ... more
0 votes Share Flag Mon Dec 23, 2013 Financing in 12550
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
where can i get a mortgage with a 550 credit sc ore in orange county ny ???
Good afternoon Bessie,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the fol ... more
0 votes Share Flag Mon Apr 29, 2013 Credit Score in 12550
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
My wife score is about 577 and I have pretty good credit score. We want to buy a house but how do we go about getting started? Any comments would hel?
Good afternoon Rafael,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request ... more
1 vote Share Flag Mon Apr 29, 2013 Home Buying in 12550
Frenchie, Both Buyer and Seller in New York, NY
Frenchie answered:
How much does full rehab cost on a Newburgh brick townhouse,bath,kitchen,plumbing,electric,drywall,etc ballpark without finish work?
Having done this for a brick townhouse in Newburgh, using licensed subcontractors it ran about 170k for a good quality job with close supervision. 1 kitchen, 3 bths, new electric/plumbi ... more
1 vote Share Flag Wed Jan 30, 2013 Home Buying in 12550
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how can i buy foreclosed property from a bank?
Since most foreclosed homes are listed with a broker, consider working with an agent of your own; if purchasing with a mortgage be aware that a mortgage pre-approval letter is required ... more
1 vote Share Flag Sat May 12, 2012 Home Buying in 12550
Martina Ryan, Real Estate Pro in Queens, NY
Martina Ryan answered:
How to get sellable listings?
Make sure there is clear title & the price is not above market value.
0 votes Share Flag Thu Feb 16, 2012 Home Buying in 12550
Ramon Vega, Real Estate Pro in 12550
Ramon Vega answered:
My husband and I are looking into buying our first home. The problem is my credit is not so good, but he has good credit. How do we get started?
You have taken the first step by posing such an important question. It takes good education to become a first home buyer and your concern breaks the silence of responsibility for someon ... more
0 votes Share Flag Sat Oct 15, 2011 Home Buying in 12550
Julie Piazza…, Real Estate Pro in Monroe, NY
Julie Piazza (646)265-3668 answered:
For a Bank Appraisal does a room have to have a closet to be considered a 2nd bedroom. Will it affect the appraisal if it does not? By how much?
A window and a closet are needed for a bedroom. I suggest putting the closet back in.
0 votes Share Flag Wed Jul 27, 2011 Home Selling in 12550
Arlene Diefe…, Real Estate Pro in 12603
Arlene Diefendorf asked:
How do I update my listings?
0 votes Share Flag Thu Jul 29, 2010 Rentals in 12550
Brendan Maug…, Real Estate Pro in Newburgh, NY
Brendan Maughan answered:
what is the average rental income for newburgh's more distressed areas?
1 bedroom 600 to 700
2 bedroom 750 to 850
3 bedroom 850 to 1000
4 bedroom 1000 to 1200
based on seperate utilities
0 votes Share Flag Thu May 27, 2010 In My Neighborhood in 12550
Robbie Vaughn…, Real Estate Pro in Nassau, NY
Robbie Vaughn, Esq. answered:
a friend of mine is in foreclosure, is there anything that can be done to prevent loosing his residence?
I'm re-posting with the options in reverse order. I would not want someone to consider "Do nothing" without first trying to "Do something."

Some options for ... more
0 votes Share Flag Thu Oct 1, 2009 Foreclosure in 12550
Ramon Vega, Real Estate Pro in 12550
Ramon Vega answered:
Why would a house be listed as cash only?
Hi Leah,
A home is listed as a cash only when the conditions of the home are so extreme that mortgage financing is not possible. It is also a strategy to attract investors willing to c ... more
0 votes Share Flag Tue Aug 11, 2009 Home Buying in 12550
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