Thanks for your service to our nation from one Veteran to another. The best way to get a break from your landlord is to use you VA housing benefits that allow you to purchase a home with no down payment and in some case roll in the closing cost for far less that what you are renting for. I would be more than happy to help guide you in this process.
Market conditions and Loan programs change frequently, and I welcome the opportunity to serve your needs with quickly and accurately with real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my Top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage along with a FREE copy of The 8 Deadly mistakes to avoid when buying a Home. If you are already working with a lender, don’t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to lose but your money?
My only job is ensuring that you are making the right choice for you and your family and I do make this my ultimate goal and I am committed to providing you with mortgage services that exceed your expectations. You are welcome to contact me for Free personalized no obligation consultation and receive expert advice from a Federal Licensed Mortgage Banker with over 17 years of experience in the industry. I look forward to working with you to make your dreams a REALITY.
Great Plains National Bank
5068 W. Plano Parkway, Suit 215
Plano, Texas 75093
Phone: 469-347-3572| Fax: 469-791-9029
Hours 09:00 AM – 08:00 PM Mon-Fri & Sat 10:00 AM -07:00 PM CST
Well will she advise you for free? I guess you can offer her agency a small fee to do this on your behalf or heck if you want to pick my brain for free while you do this i'm ok with that lol
Maybe she can just advise you the comps in the area so you know how well the owner priced it, then help you figure out what your max bid is, from there you can safely go in on your own with any owner.
I advise my own customers that on any purchase the perfect price for them is one that if they were outbid by say $500 and lost the home, they would have no regrets and if they win the bid they would feel good paying at closing.
Any realtor should be able to help you determine the approximate value of a coop especially, since there have been many sales recently and lines in the same building should have similar value once you know the recent sales and adjust for condition of the unit and current market climate and look at your own finances you should have enough info to determine your top dollar, go in with that and provide proof you can obtain financing and pass the board and that's the best anyone can do :)
When considering an offer, most owners i work with expect me to review their buyers proof of income, credit report, recent taxes and proof of funds, with those items we can get a preview of what the board will see and get a good idea of how well the offer will present
For coops, price is important but a buyer with strong financials, the ability to pass a board is just as, if not more important, any seller will most likely agree that getting their price is only a good thing if the sale gets through the board, a great price and a board rejection does not a happy seller or buyer make!
Tough call really, it depends on the building type. My office is in the Forester queens blvd and 75th ave, we are a fireproof building, full time staff, 18hr doorman. The K line here is across from the compactor room and next to the elevators but because this building is concrete fireproof construction i don't think the elevators matter (noise wise) and so i see that as convenient...
the compactor room is kept immaculate and has a large chute (not much gets stuck which might cause an odor) so i see this as convenient and less shared neighbor walls, rather than a negative as it might be in an older building. The soundproofing is best in fireproof buildings in my opinion.
If I knew which building you were considering in your question it would be easier to share an opinion of the nearby common spaces :)... more
The best way to tell is via information from current tenants. In the absence of that, in Forest Hills most of the older buildings have a foot of brick or concrete in between that provides ample sound buffering. Its always best to get 'hands on' knowledge of the particular property.... more
It appears from your question that you are inquiring about Condo units because Co-op property tax is included in the monthly maintenance. Go to NYC.GOV and you can search by address or Block and Lot number of the property you are interested.... more
Are you shopping for a Home? It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also help if you can get â€œpre-approvedâ€ for the amount youâ€™d like to borrow. This means the lender has looked over your credit and financial statement and agreed to lend you the money. Sellers like pre-approved buyers because thereâ€™s less risk the deal wonâ€™t go through. First, youâ€™ll find out how much you can borrow, which has a lot to do with how much house you can buy.
Whether youâ€™re, buying, building or Re-Financing your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my Top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage along with a FREE copy of The 8 Deadly mistakes to avoid when buying a Home. If you are already working with a lender, donâ€™t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to loose but your money?
Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.
I look forward to working with you!
16800 N. Dallas Pkwy, Suite 290 | Dallas, TX 75248
Office: 972-646-2411 | Fax: 214-614-4637
Bank of England FDIC /Dba ENG Lending: NMLS# 418481... more
I am looking to buy a coop unit and they supplied a financial statement for only 22010 and 2011 but not for 2012 .The existing mortgage for the coop is coming due in May.2013 and they have not given us any information if they have approval for new mortgage and their terms and conditions .Should I be concern
about it ora go ahead to purchase the unit .
If looking to buy, rather than relying at percentages that properties may have gone, review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and go from there...... more
Hello Caroline. What is the price range the customer had in mind? Have you talked with them about maintenance and what they are looking for there? Do you think a sponsor unit may not require 20% down?
Here's the thing, building management companies that may have unsold shares are less likely to allow exclusive listings as they feel the more brokers they can get to bring over prospective customers, the better. With that in mind, most brokers/agents who are aware of such coops are not usually interested to give away something they (possibly) can't co-broke and get themselves some commission. Your best bet is to pound the street and take down information as to who manages a particular building, then call them and ask. Be aware that some (many) sponsor units may need updating.
Lastly (and I don't mean to be flip), if you truly have a "qualified" customer, why are they concerned about a board interview? Interviews are mere formality as any board would have a board package with full financial disclosure of the customer prior to any interview. If you get an interview date, you're pretty much home free. Good luck.... more
Hi, Really bad credit typically won't fly with a coop and even buying a property in general. Much will depend on the reasons your credit is so bad, if you are on the mend, and for how long you can prove it. Start with a mortgage professional, they will tell you exactly what you can and cannot do.
Hi Gabriella, I don't think Trulia allows for sale by owners. Out of curiosity what is the reason you want to sell by yourself ?. Thanks.
Sam Rastogi, ABR, CBR, OICP
Licensed Real Estate Salesperson
Exit Kingdom Realty
68-56 Groton Street
Forest Hills, NY 11375
Assume you buy at ~349k, dp of 20% or ~70k, you will have a mortgage of 280k means PI will be around 1350 give or take, plus your maintenance of 860 means your base cost will be ~2200. Since your salary is 55,000, your monthly is about 4600, and a bank will only go to 28% for mortgage, 36% for all payments. You are cool at 1283 for the mortgage, the problem is with the maintenance you bypass the 36% of 1650 by $550. If you threw in your 401k, not only would that be unwise, it wouldn't really help, because then your payment would be ~1000/mortgage and 860 maintenance, which would still put you over the 1650 36% limit.
Even if you did find a bank to back you in this endeavor, and you ended up paying ~2200 with a 20% dp, you would be paying almost 1/2 of your salary to live, and if you are now in your 30's or forties since you have worked with the same company for 16 years, you would need to roomie up and live like you did in your 20's, or go in on this deal with your significant other.
And in Forest Hills, you basically have to beg them to rent it out or even sometimes take in a roomate, so those options are limited.
Seller understandably just wants to sell their expensive-to- maintain apartment, but I would pass on it. This apartment is not a good deal for you. 347-828-5732... more
Condo over co-op any day. Co-ops make up stupid rules like no wheels in the lobby, so you have to take your baby or your bike up the freight elevator- and my baby will never be freight. Then they have large discussions over money- the spendthrifts want to borrow a whole ton of money and put up planters, the tightwads never want to spend a dime and then you get socked with assessments to cover their expenses/deferred maintenance, even if it happened years before you got there. And try getting the super in to fix something they won't let you fix yourself. Then, if you want to rent out a co-op, you gotta beg beg beg the board to let you do it for 2 years max, then pay them a cut of the rental, then pay a flip tax if you get tired of all the hassle and want to sell. Lastly, if you want to piss them off and sell to a possible Al-Quaida terrorist who has gobs of money, they often have the right of first refusal, so you can't even get even for all the hassle.
Condo you pay for the common charges, maintain your own interior, rent to whomever you want to, sell to whomever you want to, and usually there is no flip tax, at least not that I have heard of. It's so much less socialistic, and worth the extra cost.... more