No Alejandrarpo, if the house is over priced, it will not aporaise and you will not get a mortgage to purchase it, even without seller's concession.
Why would you even want to purchase an over priced house and why would you agree to do so. It's absurd.... more
If the property is listed with an agent ask him/her the question; or directly contact customer service,
http://www.trulia.com/help/ask/ Keep in mind that multiple sources feed onto online sites, therefore inaccuracies can and do occur....... more
I just called the listing agent to make sure it was still available. I'd be happy to put in an offer for you provided it's still on the market. You're much better off having a broker on your side negotiation for you instead of dealing with the sellers agent.
I'd love to talk to you about this.
Give me a call and if this is gone, I can find you something else.
TAYLOR GROUP - team leader
dsa realty services
113 E. 12th St. NYC... more
Good afternoon scy4851,
The person best equipped to answer this question is the Attorney representing you for the transaction. Your typical closing costs in a cash purchase transaction will include: Attorney fees, Title fees, Recording fees, Survey fee (if necessary).
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
If you thought my answer was helpful, please give me a "Thumbs Up" or "Best Answer." Thanks!... more
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Ali, Trulia Voices Community Manager... more
Yes it is normal. The listing agent should have had a preliminary HUD-1 drafted that reflected all the terms set within the contract. Thus Chase could examine all the specifics as well as what the net amount to Chase bank would be. They must have a HUD-1 to see exaclty what their net proceeds would be from the short sale in order to fully approve the short sale.... more
I always tell my buyers to expect to pay approximatly 5% of purchase price to cover all closing costs: Appraisal, credit applications, Bank fees, your lawyer, the Banks lawyer, title insurance, mortgage insurance, mortage taxes, searches, recording fees, escrows and you might have enough to pay for a cab home after the closing!
Anything less and your holding your breath!
Realty on the Greene, LLC
There are some sellers who are willing to do "seller concessions" which cover a significant amount of money and there are certain government loans that require minimum amounts of downpayment.
Please give a call to Dominick Sutera of Academy Mortgage... 516-249-4800 x 223 or his cell at 516-655-2900. Not only will Dominick explain it all to you, he will assist you in any way possible.
Here in Brooklyn, the vast majority of co-ops will not allow you to purchase in the form of an LLC, corporation or trust. If you find any that do please let me know.
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com... more