You get a package of materails from curtis lumber. This will save you money in have the contractor shop for you. Once you have a package pick out then you can contact a contractor to do the labor. Precise Contracting can help you design one, if the price at C.L. are not in your liking, plus they can also build it for you. They are also reasonable in price by far. Their Website is www.precisecontracting.org... more
When negotiating and purchasing real estate its best to have your own representation
Find all the homes your looking for @ Http://www.ClairFBee.com
ITS FREE TO SEARCH THE MLS- NO OBLIGATION AT ALL!!!!!... more
Yes, she can do whatever she wants with the money.
Your security deposit will be transfered to the new owners at the closing (if it sells)
Some banks offer CASH FOR KEYS which is a program to help renters of foreclosed properties to find new housing... They give you first and last months rent or a set amount to get you out of the building and into another one.
If you need help locating a new rental contact me anytime!!!
Clair F Bee II
Keller Williams Realty Capital District
Albany and the greater "Tech Valley" region is a smart place to be investing in real estate. With the strong local focus and growth in the semiconductor technology and energy industries we expect very nice appreciation here in the coming years. In terms of investing my question would be are you looking for short-term or long-term return on your money. When a client comes to our team we discuss your goals, timeframe, and financial situation (I also worked many years as a Financial Planner / Stockbroker so we discuss how real estate fits into your overall portfolio). Are you looking for immediate cash flow, long-term growth, tax write-offs, or all three? When I know those answers then we can give you advice that makes sense for you. Taxes, insurance, utilities and other expenses are all part of the APOD (Annual Property Operating Data) analysis we go through for our clients on each property. Please feel free to contact my office, or any competent Realtor who specializes in investment real estate.... more
There is a rehab loan through FHA called a 301K which would allow you to puchase the home and finance improvements. It is detail intense but certainly worth it if you find the right deal. I think they loan up to the finished (rehabbed) value, plus 7%. For a total amount of 107% LTV.... more
That really depends on the condition of the home and what the finished potential is. It was most recently listed at $36,000 (way below market value). It is now pending. There must be some sturctural issues that need to be corrected. Typically a 2 family in that location in Albany with 3 BR's in each unit would range from $135,000 to $215,000 (estimated).... more
In every county in the U.S., information is available from your county offices as the information is public information (in OH where I am located it is the county auditors office). Many counties give you easy access to the information on-line. You need to know the addresses for the homes you are interested in. Usually, you need to leave off the suffix, such as for Main St., leave off the "St."
The easiest and best way to obtain the information from you local real estate agent. Even though you may not be ready to purchase a home right now, it's never too early to find a real estate agent with whom you establish a relationship. In addition, your real estate agent will be able to give you additional information that is not available from public records.
Keller Williams Greater Cleveland West... more
THAT is a very good question! My Instinct says you qualify..HOWEVER, you better get an accountant/CPA to help/answer that question for you. I am assuming you ARE a first time buyer? I sure hope you get the credit, I am rooting for you! I will see if I can find better information for you, I THINK I understand the Tax Credit , however, as you pointed out, this is a "twist". Do let me know IF you get a definate answer, this would be good to know!
IF it turns out you can not use the credit to buy you grandfathers house, and you decide to look for another home, please let me know if I can help you by referring you to a certified relocation specialist in your area...it takes about 24 hours and it is a free service to you. I am part of our relocation team here, so it is easy to do/help I HOPE you don't need my help this time! :)
Good Luck!... more
the insurer will insure the structure and even furniture and personal items inside the house, but not the land. the thinking is that the land will survive any fire or flood (this one is debatable). So the usual value is gained either by an appraisal by a lending institution at the time of sale, or refinance or if someone just wanted to know the institutional value of their property. Once the appraised amount is known, usually insurers will insure 2/3 of that amount - they value the land as 1/3 of the total value. Hope that makes sense. Liz... more
I am assuming you mean "small cape" house. A ranch has all of the rooms on one floor. A cape usually has the living room, kitchen, dining room, bathroom and one or 2 bedrooms on the first floor with additional bedrooms and possibly a bathroom on the second floor. The rooms on the second floor are affected by the slope of the roof.... more
A cost approach is done on new construction. You will need to figure the value of the land, using not only your property, but other comparables in the area that have sold within the last 6 months. This assumes that all necessary improvements (ie utilities) have been accomplished and the lot is ready to build on. That will establish the value of the land. Then you will need to figure a cost to construct the home based on the per square foot figure that your builder gives you. If this is not available then you can look at other new construction of the same quality as the home you'd like to build and use that cost per square foot figure. Be sure to use sold prices of other similar homes, not listing prices. Add that to the value of the land and you'll get pretty close to what the bank's appraiser will estimate.... more
In reference to your first question:
I'm not sure of the exact number of homes for sale in Albany,NY, but if you go to my web site www.thomasjrealestate.com and click search the MLS. You can search the entire capital region and sort by town, price, # bedrooms and so on. If you find a home you are interested in just give me a call and I will be happy to assist you.
While at my web site www.thomasjrealestate.com go to community info / links, under local government click on New York State Tax Map Info and pick Albany County. Let me know if you have any problems searching this system.
Tom McGroder Thomas J. Real Estate 518-863-4691 email@example.com... more