Home Buying in 10038 : Questions & Answers

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Robert Kaplan, Real Estate Pro in Suite 100, NY
Robert Kaplan answered:
Is the NY State Transfer Tax refundable? Live in NYC and purchased 'new' condo last year and heard this was the case ...
The NYS Transfer tax is not refundable
0 votes Share Flag Tue Feb 2, 2010 Home Buying in 10038
Jake Johnson,  in New York, NY
Jake Johnson answered:
I was all ready to purhase a house a few months ago. I didn't have the best credit and worked really hard to
Hello Kenya,

With low credit score loans, you usualy end up working with banks that do FHA insured financing. In the past 5 years, many of these banks have run into trouble with the ... more
0 votes Share Flag Mon Jan 11, 2010 Home Buying in 10038
Cynthia McKe…, Real Estate Pro in Hauppauge, NY
Cynthia McKenna answered:
Does a first time home buyer also get to put 3.5% down or is that just with this $8000 incentive?
A first time home buyer can put down 3.5% if they are using an FHA mortgage. The tax credit has nothing to do with the down payment. At this time, the purchaser needs to close by Nove ... more
0 votes Share Flag Thu Jul 30, 2009 Home Buying in 10038
Theresa Wack…, Real Estate Pro in Newport News, VA
Theresa Wackowski answered:
How does one determine “fair market value” on a home?
Fair Market Value is derived by what price similar homes are selling for within the same area and with the same perimeters. Appraisers are having a difficult time with home appraisals b ... more
0 votes Share Flag Wed Jul 29, 2009 Home Buying in 10038
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