Home Buying in Red Hook : Advice

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Danny Soldano, Real Estate Pro in 11209
Danny Soldano answered:
I love Red Hook and want to buy there, but am worried transport and projects will always deter wealthier families from living there.
There are major things happening in Red Hook. A major developer bought and developed a 70 unit condo building on Imlay Street. Call me if you;d like to discuss everything I know about ... more
0 votes Share Flag Thu Mar 19, 2015 Home Buying in Red Hook
Danny Soldano, Real Estate Pro in 11209
Danny Soldano answered:
Just worried about the flooding in Red Hook. Pioneer street basements often flood. the new building on the corner of Pioneer and Richards flooded *
There are restrictions and regulations on building new construction homes in Red Hook flood zones. Since Sandy there has been a more active involvement from our governing agencies to e ... more
0 votes Share Flag Thu Mar 19, 2015 Home Buying in Red Hook
Danny Soldano, Real Estate Pro in 11209
Danny Soldano answered:
What does "owner will hold mortgage" mean?
May be a good option for you to have the owner hold the note. Often it will be at a higher rate unless it is factored into your purchase price.
0 votes Share Flag Thu Mar 19, 2015 Home Buying in Red Hook
Jeannette Ba…, Real Estate Pro in Brooklyn, NY
Jeannette Batsikas answered:
we paid 5000.00 down rent to own 8 months later find out owner got loan on it and wont register it with the court house with us as buying
With a rent to own it doesn't mean anything to the bank, or the court houses... You're really renting and until the house is officially your's then you have rights but right now your ju ... more
0 votes Share Flag Sat Feb 8, 2014 Home Buying in Red Hook
Mitchell Fel…, Real Estate Pro in 11229
Mitchell Feldman answered:
I have been offered a deal to purchase a house for $5,000 down with owner financing.
Dear tracydietrich:

You need to hire an attorney to review the paperwork and make sure it is legit.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison ... more
0 votes Share Flag Sat May 4, 2013 Home Buying in Red Hook
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