If the bank providing you with the mortgage has agreed to allow the sellers credit of $400 at closing then it can be used for paying off almost any closing costs like the state & city mortgage tax, title insurance, title searches, attorney fee and several other costs. Most of the time the sellers attorney would want the buyer to pay seller transfer tax on the sellers closing cost credit. If you need further help on this please call me.
Sanjeev Ahuja NMLS # 148731
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Ph 917-517-2552
NYS Registered Broker, Department of Financial Services, Loans Arranged through third parties NMLS # 885573... more
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Since real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods, if unfamiliar with the area do take the time and visit more than once and at different times of day, possibly chat with locals/neighbors. If the school is a concern, rather than just relying on reports, do visit the facility; ask for a tour of the school, speak to the superintendent, teachers, principal, etc., then determine if your comfort level can be reached. For any safety concerns, it's always a good idea to contact the local police department with all your questions, hear all there is to hear firsthand. If you are looking for rentals, check out www.mlsli.com; also check local print media for by owner rentals, always verify ownership before exchanging any money, word of mouth, etc.; if you need additional assistance feel free to contact me directly.... more
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Since real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods, consider a visit to the school--ask for a tour of the facility, speak to the superintendent, principal, teachers, etc., and ask all your questions--then make a determination, will your comfort level be reached.
I've closed on two properties in Monroe County. My experience was similar to Nassau County in that both sides had a lawyer involved, but otherwise there was less paperwork involved. I only attended one of the closings in person; the other my lawyer did for me without my being there.
You may be asking, in essence, do you need a lawyer? I just wouldn't close in New York State without a lawyer. If you hire a local lawyer, you will probably pay a lot less than if you hire a Nassau lawyer, and the local lawyer knows the local practices. I paid a flat fee of about $600 to my lawyer.
Of course you will want title insurance and I always obtain a market value rider on my title insurance. It adds little to the upfront cost of the policy, but it protects your investment for current value if a claim is made after the property has appreciated.
Karla Harby, VP
Charles Rutenberg Realty
New York City
Realtors are confined from answering some questions directly. Such as what is a decent neighborhood? That really depends on what your question really means.
It appears you have already started looking in Bethpage. You have additional criteria about being close to the railroad and not being to far from where your girlfriend works. And one of the most important criteria is your budget of up to $250,000.
This is all good information and is what I would need to help you get started on finding the right home for you. So let's just start with this information.
I also need information concerning your efforts at getting pre-approved for a mortgage. I can help you with this if you haven't already done so. One of my team members is a loan officer at a mortgage company.
Please contact me as soon as possible. I will set up an account for you which will enable you and your girlfriend to search for listings in the comfort of your home. It is free and you are under no obligation to do anything more. We need to start a discussion soon. You must be in contract on a house by the end of April to take advantage of the governments $8,000 tax credit for first time homebuyers or $6,500 tax credit for other buyers.
Let's not waste any more time.
Century21 Yve R. E.
Licensed R. E. Agent
NYS Certified Residential Appraiser