Home Buying in New York : Real Estate Advice

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Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
I am on disability Social security and want to buy a condo, can i get a mortgage loan?
Yes, if you qualify; therefore visit with any licensed loan officer to determine qualification and price range...
0 votes Share Flag Wed Oct 10, 2012 Home Buying in New York
Janet Nation,…, Real Estate Pro in Baldwin, NY
Janet Nation, CBR answered:
No "clear to close" even with commitment letter
Sfss you clearly have not been given adequate guidance of the process. I can go on and on but it's too much.

Are you sure your attorney received an official clear to close?

No ... more
0 votes Share Flag Wed Oct 10, 2012 Home Buying in New York
Rich Homer, Real Estate Pro in NAPLES, FL
Rich Homer answered:
what is the procedure of buying a condo?
Engage a Real Estate Broker first. Best to look for a local Real Estate Broker under "Find a Pro in the header of this website. http://www.NaplesRealEstateGuys.com
0 votes Share Flag Sun Oct 19, 2014 Home Buying in 10022
First Last, Other/Just Looking in 90002
First Last answered:
HDFC coop has negative $400,000 financial.
I know attorneys are expensive, but an attorney is what you need. You want to know exactly what happens to you if the co-ops good plans go awry.

If I were buying this, I would also ... more
0 votes Share Flag Fri Oct 5, 2012 Home Buying in 10001
Janet Nation,…, Real Estate Pro in Baldwin, NY
Janet Nation, CBR answered:
my income is (monthly 1 jobs $1.200) (2 job gross pay is 906.00 every 2 weeks) i have 50.000 at my 4o1k can i used that money for down-payment
You have a typo with your gross pay, what did you mean to write? In any event it doesn't seem like you have sufficient income. 401K won't allow you to take the entire amount out. Th ... more
0 votes Share Flag Fri Oct 5, 2012 Home Buying in New York
Gene  Neal,  in Ronkonkoma, NY
Gene Neal answered:
how long does it take to get "Clear to close" after title search has been submitted to the lender?
It depends on your broker and the bank you are receiving the loan from. If you continue to have problems or questions don't hesitate to contact me.
0 votes Share Flag Thu Jun 11, 2015 Home Buying in 10001
John Peitler, Real Estate Pro in NY,
John Peitler answered:
Want a Home now???
Please call me and I will try to assist you. My name is Tanuja and I can be reached at 347-882-0353. Thank you and good luck.
0 votes Share Flag Mon Oct 1, 2012 Home Buying in New York
Adina Greenb…,  in New York, NY
Adina Greenberg answered:
I'm trying HDFC or HPD or Mitchell-lama buildings my credit is no good. I need help, what can I do, the job market is slow and I have to move
If you can pay cash, it may not be a problem, unless your credit score is really low. But if you need a mortgage, the process is exactly the same as any other apartment you want to purc ... more
0 votes Share Flag Sun Sep 30, 2012 Home Buying in New York
Alison Hillm…, Other/Just Looking in San Francisco, CA
Alison Hillman answered:
looking for a rent stabilized building with elevator in the Hamilton Heights area in NYC or on riverside drive under 1000 for 2 bedroom.
Hi Adrienne,

Take a look at the listings available on Trulia: http://www.trulia.com/for_rent/x_map/5129_nh/x_map/

Hope this helps!

Ali, Community Manager
0 votes Share Flag Thu Oct 4, 2012 Home Buying in New York
Christine Go…, Real Estate Pro in New York, NY
Christine Gordon answered:
lookling for a rent stabilized building in the Hamilton Heights area or riverside something under 1000 a month is their such a place
Hi Adrienne,

That's a very conservative price point but depending on your salary, you might qualify for some newly built units that have lower income guidelines. I would suggest che ... more
0 votes Share Flag Fri Oct 26, 2012 Home Buying in New York
Adina Greenb…,  in New York, NY
Adina Greenberg answered:
How does a bank calculate the mortgage amount with a 30% flip tax on any profits made in the sale of a HDFC co-op?
Why would the bank change the mortgage amount because it is HDFC? The flip tax needs to be taken out after you sell it and it's (in general) of the gross profit. Nothing changes with th ... more
0 votes Share Flag Fri Sep 28, 2012 Home Buying in New York
Trevor Curran, Real Estate Pro in Great Neck, NY
Trevor Curran answered:
What are average sale prices on NYC?
Good morning,

I'm afraid you'd need to be much more specific as to the area in New York City you're interested in and the type of property. And even when you narrow it down to that ... more
0 votes Share Flag Thu Sep 27, 2012 Home Buying in New York
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
what is the commission rate for a commercial sales transaction?
As a broker you really should be aware that all commissions are negotiable, there are no set standards, as it would go against the Sherman Antitrust Act......
0 votes Share Flag Wed Sep 26, 2012 Home Buying in New York
Annette Holm…, Real Estate Pro in New York, NY
Annette Holmgren answered:
Is there a cost associated with mortgage pre approval letter or is it free of charge?
Great question, it is free of charge!
0 votes Share Flag Thu Sep 27, 2012 Home Buying in New York
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
What is the best website to locate Condo-studios in Manhattan?
The best way is by working with an agent of your own. If purchasing with a mortgage, be aware that a mortgage pre-approval letter is required in order to determine your price range and ... more
0 votes Share Flag Thu Sep 27, 2012 Home Buying in New York
Annette Holm…, Real Estate Pro in New York, NY
Annette Holmgren answered:
Looking to buy a Condo in NYC area for investment purposes. One that could be put up on rent right away.
Hi Marian,

First off condos are generally more expensive than co-ops here in the city. So for only 550k you would probably not be able to find a two bedroom but may be able to find ... more
0 votes Share Flag Mon Oct 1, 2012 Home Buying in New York
Don Mann, Real Estate Pro in NY,
Don Mann answered:
My Husband & I are thinking of buying a 2bedroom at 240 W 98th St until one of my coworkes told me that they require an application and a
Someone has already put a contract on that apartment would you like to see something else?
0 votes Share Flag Sat May 18, 2013 Home Buying in Upper West Side
Arthur Golden, Real Estate Pro in New York, NY
Arthur Golden answered:
I do not understand why the propeties in Baterry Park are less expensive, even if many of them are condominium
The short answer is because they are land lease properties usually with high exenses. If you'd like a more thorough explanation feel free to give me a call.

Thanks,
Arthur "Ungie" G ... more
0 votes Share Flag Wed Sep 26, 2012 Home Buying in New York
Janet Nation,…, Real Estate Pro in Baldwin, NY
Janet Nation, CBR answered:
Looking to purchase a 2 bedroom condo, but would also consider a one bedroom condo in NY. (It has to be an FHA approved) Where can I find listings?
There won't be that many right now but here's the web site to check https://entp.hud.gov/idapp/html/condlook.cfm
0 votes Share Flag Tue Sep 25, 2012 Home Buying in New York
Robin Raines, Real Estate Pro in New York, NY
Robin Raines answered:
What is the most trusted real estate agency in New York?
WHile the big ones such as Corcoran etc are trustworthy, there are smaller boutique firms that are even better as they are focused on customer service. I'd highly recommend LG Fairmont ... more
0 votes Share Flag Sun Sep 23, 2012 Home Buying in New York
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