Home Buying in 11214 : Advice

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Sanjeev Ahuja, Real Estate Pro in Floral Park, NY
Sanjeev Ahuja answered:
How to convert the home from 2 to 4 family house?
you should speak to an architect to start with who can check zoning rules and guide you as to how to obtain necessary approval from the NYC building department. If you need a renovation ... more
1 vote Share Flag Tue Sep 23, 2014 Home Buying in 11214
Frank Spauld…, Real Estate Pro in Brooklyn, NY
Frank Spaulding-Bey answered:
Looking to purchase 2 homes that are next to each other side by side in NYC.Can i extend and connect them or is there legality with property lines?
I know a good attorney you can consult with. Give me a buzz 347-732-7408 - Frank
0 votes Share Flag Mon Mar 24, 2014 Home Buying in 11214
Jeannette Ba…, Real Estate Pro in Brooklyn, NY
Jeannette Batsikas answered:
How do I list an apartment?
If you have any future apartments thanks so much!!!!
0 votes Share Flag Thu Jun 27, 2013 Home Buying in 11214
David Rogoff…, Real Estate Pro in Brooklyn, NY
David Rogoff and Bonnie Chernin answered:
is a binder legal and enforceable in nys??
Dear Bob:

We only present offers when we have confirmed a mortgage pre-qual letter and proof of funds for a downpayment.

Check with an attorney regarding the binder issue. Withou ... more
0 votes Share Flag Tue Apr 26, 2011 Home Buying in 11214
David Rogoff…, Real Estate Pro in Brooklyn, NY
David Rogoff and Bonnie Chernin answered:
Can you a rent out a co-op?
Dear Anton:

As others have responded house rules need to be reviewed carefully before you buy.

Using some real examples we can provide some insights:

Some co-ops require your ... more
0 votes Share Flag Mon Nov 15, 2010 Home Buying in 11214
Manu Kapoor, Real Estate Pro in Queens, NY
Manu Kapoor answered:
Can I get a good rate on a mortgage with 35% down on new construction (Brooklyn,NY) only 30% in contract and not have to purchase mortgage insurance?
Marki,
You will have to check rates with a mortgage broker or a banker, but conventional rates are on the higher side compared to the FHA rates.
Rgds
0 votes Share Flag Tue Nov 9, 2010 Home Buying in 11214
Rhonda Holt, Real Estate Pro in Brooklyn, NY
Rhonda Holt answered:
is there someplce to go to complain about your coop board?
The best thing to do is to find out what you're complaining about is worth complaining about or not. Your offering plan, amendments and or bylaws will outline the do's and don ... more
0 votes Share Flag Sat Sep 25, 2010 Home Buying in 11214
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
Considering buying a condo in bensonhurst/dyker/bay ridge area.
Diane, is there a reason you want a condo instead of a co-op? Sometimes the money needed for closing costs on a condo add up to enough that you can put that money towards the down payme ... more
0 votes Share Flag Sun Jul 25, 2010 Home Buying in 11214
First Last, Other/Just Looking in 90002
First Last answered:
So I'm almost closing on a house except the seller promised vacancy upon signing of the contract. It's been two months and the seller is
First of all, ignore well-intentioned opinions from people who do not live in New York. Our law and local business custom, and tort system, are unique.

If this deal is important to ... more
0 votes Share Flag Thu Jul 15, 2010 Home Buying in 11214
Erick, Home Buyer in 10002
Erick asked:
Question regarding real estate tax abatement for new condo; I am told that they have been applied tax abatement since 2008, but as of today they still are not approved by NYC finance Dept., Does anybody know the tax exemption? Is it the reason there are new condo for sale in the building?
Thanks for your advice.
0 votes Share Flag Mon Jun 14, 2010 Home Buying in 11214
First Last, Other/Just Looking in 90002
First Last answered:
I am buying a condo which closing date will be the end of this month, When I signed the contract it was apt#1 and parking #1, but there is no such #
Information from agents in other states, however well-intentioned and authoritative in the home state, is not relevant to New York City. We are in a unique place in many ways.

I don& ... more
1 vote Share Flag Thu Jun 10, 2010 Home Buying in 11214
Pierre S King…, Real Estate Pro in Brooklyn, NY
Pierre S King (Free Real Estate Tips From The King) answered:
Can the buyer withdraw the written offer in NYS when there is no contract signed yet?
Hi Dreamgal:

Yes, the buyer can withdraw his/her written offer anytime prior to the seller receiving and signing a legal and binding contract, and the deposit check being placed into ... more
0 votes Share Flag Mon Apr 19, 2010 Home Buying in 11214
Robbie Vaughn…, Real Estate Pro in Nassau, NY
Robbie Vaughn, Esq. answered:
We have signed a purchace agreement and payed a $100.00 deposit to the sellers on a $90,000 property. The sellers now say they are selling to a 3rd
OK...Yankee game postponed....so I'm back.

Dennis,

First, thanks for the thumbs up. Glad I could help.

Now, Damages:
"If anyone knows of specific damages payed by a ... more
0 votes Share Flag Sat Oct 24, 2009 Home Buying in 11214
Greg Donato, Real Estate Pro in Brooklyn, NY
Greg Donato answered:
what is the difference between owning a coop and a condo?
John, essentially with a co-op you are buying shares in a corporation. Shares are based on the sf of your unit and will include property taxes, insurance, heat/hot water, maintenance o ... more
0 votes Share Flag Sun May 17, 2009 Home Buying in 11214
Rhonda Holt, Real Estate Pro in Brooklyn, NY
Rhonda Holt answered:
can the seller still sell the home to someone else if the purcherer has signed a purchass offer?
Hello, unfortunately the signed offer does not obligate the seller to sell only to you. The fact is, the seller is not obligated to you unless there is a fully executed contract. In the ... more
0 votes Share Flag Mon Apr 20, 2009 Home Buying in 11214
Rhonda Holt, Real Estate Pro in Brooklyn, NY
Rhonda Holt answered:
coop board rejected me for lying on the recommendation letter. Can I still get my deposit back?
Hello, I specialize in co-ops and co-op boards do have the right to reject you for this reason and for much anything else and they do no have to tell you why they reject you either. The ... more
0 votes Share Flag Fri Feb 6, 2009 Home Buying in 11214
Gail Gladsto…, Real Estate Pro in 11743
Gail Gladstone answered:
I have my name on the mortgage. Is a 3-family home. But I don't pay anything tho. Want to get a loan on myself
You need to discuss this with a Lender, not a Realtor.

No matter who you prove is paying this loan, as long as your name is on the loan, you are the ultimate responsible person and t ... more
0 votes Share Flag Wed Jan 21, 2009 Home Buying in 11214
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