Home Buying in Forest Hills : Questions & Answers

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Javier Menes…, Real Estate Pro in Queens, NY
Javier Meneses answered:
Buying a home which the garage was converted into living space without permit
The cost could vary from one contractor to another, but it should be in the neighborhood of $5.000-7,000 to convert back to a garage, you can always negotiate with the seller for you to ... more
0 votes Share Flag Mon Jul 8, 2013 Home Buying in Forest Hills
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
How much is the maintenance ? what is NOT included ? what is the income requirement?
No link is visible; if looking to buy in the near future consider working with an agent of your own who can provide any necessary information....
0 votes Share Flag Mon Jul 1, 2013 Home Buying in Forest Hills
Michael Rich…, Real Estate Pro in New York
Michael Richman answered:
What is happening in Forest Hills Real Estate market?
You are correct about it being a seller's market because of the low inventory in Forest Hills and elsewhere. The first thing you should do is get pre-approved by a lender so you know ex ... more
0 votes Share Flag Mon Jun 10, 2013 Home Buying in Forest Hills
Mr_real_esta…, Real Estate Pro in New York
Mr_real_estate answered:
Can I use the rental of one of the bedrooms as income on a single family house?
No you absolutely cannot use the rental income from a single family to help qualify for a mortgage. This is only allowed on 2 or more units. If you need to discuss what can be done to h ... more
0 votes Share Flag Fri Mar 22, 2013 Home Buying in Forest Hills
Lucky Davids…, Real Estate Pro in Queens, NY
Lucky Davidson answered:
i am looking for condo or no board co op at forest hills
Yes.you can buy with tenant. I have 4 apartments in the same building. Tetants pay from $1200 to 1450 rent
0 votes Share Flag Mon Mar 18, 2013 Home Buying in Forest Hills
Rhona Magelo…, Real Estate Pro in Queens, NY
Rhona Magelowitz answered:
Does anyone have any information on the Dorian building? How can i get the financial statements?
The Dorian Co op was converted years ago by The Parisi family. The managing agent will be able to provide a shareholder with the financials.

I am the Treasurer of the co op in which ... more
0 votes Share Flag Tue Jan 29, 2013 Home Buying in Forest Hills
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
More on "Will coop board of directors in NYC be required to give reason for disapproval of potential buyer soon?" Can we do something
Hi Milagros. You downplay your experience by saying you're "pretty aware." Obviously, there is no state wide law that compells a Coop board to give a reason for a rejecti ... more
0 votes Share Flag Mon Jul 18, 2011 Home Buying in Forest Hills
Jerry Feeney,…, Real Estate Pro in New York, NY
Jerry Feeney, Esq. answered:
Will coop board of directors in NYC be required to give reason for disapproval of potential buyer soon?
Well, the answers below are accurate, with two exceptions. (1) There are a few boards whose by-laws require that they give an answer, in such a case a shareholder would be entitled. A ... more
0 votes Share Flag Sun Jul 17, 2011 Home Buying in Forest Hills
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
Does anyone have any info on 117-14 union tpke building? 3 beds for 354k it seems too much.How much should i offer?
I would get the financials on the building and ask more questions. Also, choose your attorney now and see if they will look over them. The last time that Citimortgage did a loan in the ... more
0 votes Share Flag Tue Apr 6, 2010 Home Buying in Forest Hills
For  Ever Urs, Real Estate Pro in Forest Hills Business...
For Ever Urs answered:
67-30 Darmouth building in Rego Park/FH area
Dear Kathy! I know this blding well/, Its to expensive for this area and this street for Jr 4 apartment. Apartments just sold in this area recently for 230k and cheeper. Negotiate the p ... more
0 votes Share Flag Sat Mar 13, 2010 Home Buying in Forest Hills
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
10% down condos in Queens....??
Hello Orange. Yes as stated below, you can get a 90/10 loan to value. The thing here is you need to be squeaky clean with income, assets and credit score. The bigger problem with Forest ... more
1 vote Share Flag Tue Feb 16, 2010 Home Buying in Forest Hills
MEHMET REALT…, Real Estate Pro in 11378
MEHMET REALTOR answered:
Is any agent familiar with foreclosures (house or condo) in forest hills area?
Leo,
Please let me know what you are looking for!
Location:Forest Hills
Price?
Condo or house?
are you ready to buy?
pre-approved or cash deal?
thanks
MEHMET (718)530-2771
info ... more
0 votes Share Flag Mon Dec 14, 2009 Home Buying in Forest Hills
Terry Koraha…, Real Estate Pro in Queens, NY
Terry Korahais answered:
My max monthly limit is $1600 for maintenance/mortgage. Tax wise, what's a better "deal," a higher mortgage payment with lower
Hi Curious- the 1st 5 years of your loan you will be paying all the interest on your mortgage so your tax deductions will be higher( so far mortgage interest is still deductible). The ... more
0 votes Share Flag Sun Dec 13, 2009 Home Buying in Forest Hills
Terry Koraha…, Real Estate Pro in Queens, NY
Terry Korahais answered:
Are there any 1br condo's in forest hills for about 300k?
Hi, there are 3 1 Bedroom units that are available around $300K and 1 2Bedroom available for $339K. If interested in viewing give me a call Terry K 718-614-3167 cell or email me the ... more
0 votes Share Flag Thu Oct 22, 2009 Home Buying in Forest Hills
Voices Member,  in
Voices Member answered:
I am looking to buy a coop in the area of rego park/forest hills, 2bd or Jr 4 . My salary is in the low 60s and I have 30K in the bank and 25K in
Silly me...I didn't even answer your main question of being a good board candidate! My apologies...

That changes a few things. Though some lenders will be fine with less than 2 ... more
0 votes Share Flag Sun Oct 11, 2009 Home Buying in Forest Hills
Katie Reiss-…, Home Owner in Englewood, NJ
Katie Reiss-Tolliver answered:
How much will my closing cost be for a co-op I purchase for 189k?
I don't know how much this will help, but I just purchased a 2BR co-op in Englewood, NJ for 96K. I paid cash, so my closing costs were $ 3407. This included the lawyer (1500), Titl ... more
1 vote Share Flag Wed Sep 30, 2009 Home Buying in Forest Hills
Dannylag, Home Seller in New York, NY
Dannylag answered:
I'm 22 years old and interested in buying a 1BR Co-op in Forest Hills. I make about 55K a year and have about
I am selling my coop in Bayside Queens, if interested email me at etuinlfe@hotmail.com
0 votes Share Flag Thu Sep 24, 2009 Home Buying in Forest Hills
Terry Koraha…, Real Estate Pro in Queens, NY
Terry Korahais answered:
Do co-op board look at fully vested 401K and IRA accounts in considering reserve requirements after closing?
Hi Apt buyer, most of them will. Most boards will look into your reserves- I have not found one that hasn't yet. If you want to be sure- call the management office of the coop y ... more
0 votes Share Flag Sun Sep 20, 2009 Home Buying in Forest Hills
Joseph C. Ha…, Real Estate Pro in New York, NY
Joseph C. Hastings answered:
we put an offer on a coop based on info I found on ACRIS. The RE agent said they have proof of a sale last
I love this stuff. Seems like Pearl is trying to buy without the help of a Buyer's Broker. It's probably just as well. Buyers think sellers will drop their pants for any offer. The sell ... more
0 votes Share Flag Fri Aug 14, 2009 Home Buying in Forest Hills
Stanford, Real Estate Pro in Forest Hills, Queens,...
Stanford answered:
I am a first time homebuyer looking at co-ops in Forest Hills. I am excited and anxious to buy my first place
try to look more before you decide one of them as follows:
Forest Hills One large Bedroom Coop For sales asking price only $219,000
380 sq ft living room, spacious bedroom,
Total ... more
0 votes Share Flag Thu Aug 6, 2009 Home Buying in Forest Hills
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