Your best option would be to buy a House, Condo or Coop. You'll still have the scars but the house will make you "look" a whole lot better. By the way, you've been flagged.
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Call (480) 331-1309... more
Confusing indeed...I am in my 50's as well and have worked with several of the large agencies. If there is a Realty World Franchise in the area I would put them on the list of companies to consider. Since joining their organization I must say they continue to be the best choice of my twenty years in the biz.... more
Most areas no, but it also depends on the size and if it is attached or detached to the house. Best to call your local assessors office or building department and ask them.
You could also have a patio specialist check out the local building codes for you.
Hope this helps.
Jim Pendleton -MrMortgageTM
631-451-7400... more
Many condos that were approved have changed thier status, so get pre-approved with an FHA lender and look for a knowledgeable in your area, by simply calling a few real estates near where you would like to buy.
You don't need to look up all the properties first, just ask your real estate agent for a list of properties that are FHA approved, most agents should be able to assist you.
Go to prequalfree dot com to be pre-approved for free.prequalfree.com
Or call me and will be glad to help you.
Jim Pendleton- MrMortgageTM
631-451-7400... more
Yes, non-warrantable financing is available, check out nonwarrantablefinancing.com or call 631-451-7400 available in all 50 states, Financial Services of America.
Offering fixed and adjustable rates $100,000 minimum loan amount and 70 % LTV for owner occupied properties, and 50% down for investor transactions. Minimium purchase price $145,000 for owner occupied and $200,000 for investor.
Also, foreign national purchases and condotel financing.
Jim Pendleton - MrMortgageTM
631-451-7400... more
It is always best to list with a broker, because eventhough you will have to pay their commission whcihc is usually 6%, you will be able to sell your listing at a higher price, since you will get a global exposure. And most of all. they will filter the good and solid buyer from the not so solid buyers.
Good Luck!
fern Hamberger
fhamberger@citi-habitats.com
646-660-0060... more
Camille,
You need a score of 640+ to get a mortgage. Go to Neighbor Housing Services in Staten Island for credit counseling. They are a great group. They will tell you what you need to do to get your score up. Listen to them and when your FICO is 640+ shop for a mortgage officer.... more
You really need to work out a budget with a mortgage officer. There is a big difference between condos and coops.
The sellers are allowed to pay for your closing costs up to 6% of the purchase price so don't let Robin scare you.... more
Elena,
The guy is a broker at Plaza Real Estate Group.
And he quoted: "Two remaining desks in our new location. If you are interested or know of other agents, please check us out @ www.plazagroupnyc.com. Good Day*"
It clearly means he is recruiting.
lol.... more
A license does not make you a better investor. Good advice and calculation makes you the investor you want to be. If you like to invest in New York or Florida real estate than e-mail me at ronz@plazagroupnyc.com for properties.... more
If you want an affordable neighborhood, to find something larger than a studio , for 2000 dollars, you may have trouble finding what you want in what are sometimes referred to as "Premium" neighborhoods. " In Brooklyn , real estate industry sometimes refers to areas such as Park Slope, Brooklyn Heights, Dumbo and Williamsburg as so called "Premium neighborhoods" What this means , in practical terms, is that in these neighborhoods, prices are comparable to Manhattan.
The "trick" is to find a neighborhood that is adjacent to one of these, where rents are still affordable.
A few examples, are Prospect heights, Park slope SOUTH , Fort Greene, Bushwick, EAST Williamsburg, etc.
This is where you have the best chance of actually finding an actual true 1 or 2 bedroom apartment , for 2000 dollars. As for "niceness" this is such a broad term, and hard to define, that I think that it would be entirely subjective, Therefore, its up to you to see for yourself and decide how nice the neighborhood is., by visiting and exploring, and seeing for yourself, as there are so many cool neighborhoods in Brooklyn, that you will find one in any direction you go.... more
We had a similar situation in Syracuse where everything was signed and accepted, on the 3rd day they decided to cancel offer due to someone else coming in with a higher offer and they wanted us to submit another higher offer by the next day. We were using a buyers agent who was excellant. I felt the sellers agent was very unethical, not knowledgable and pulled stall tactics from day one. I am sure as in your case a complaint to MSL , Also may want to check with NYS real estate licensing. Unfortunately it may be legal but is unethical. We have notified our agent, Do not show us any properties with this realtor. Sounds like we may have dealt with the same guy.... more
Hi Joan. Just to reiterate, because sometimes six exact responses are simply not enough.
OP = Owner pays the brokers commission.
NO OP = YOU pay the brokers commission.
What does it all mean when we out it together? You pay first month's rent (maybe even first and last) and a security deposit that is usually equal to a full months rent. Then, you also pay the brokers commission which might be up to 15% of the yearly rent (approximately equal to a month and a half's rent).
Keep in mind we are in the rental season big time and there is little available. Get with a broker, get your paperwork together and get serious. Good luck.... more
Although it never hurts to do your own research, you can only rely on a professional advice that at the end of the day is going to save you money - you are risking too much by not having an accountant and an attorney involved in figuring possible scenarios... more
That is a loaded question Sebastian. Harlem is an area that is undergoing changes right now so if I was your parents and could I would try not to sell the place but rather make it a rental property. Reason I say this is because in the next 10 years the property value will increase dramatically as more and more people migrate to the city and are pushed uptown. Now if that is not an option than I would suggest calling me. People will tell you that a property value is neighborhood, condition its in, or several other factors(which are all partly true). However selling a property is much like anything else in life, it only worth as much as people are made to believe it is. I have sold apartments worth under $100,000 for more than double their price. Why because selling a place is about selling a life style not a piece of real estate. Also if your parents are flexible with financing alotments than you can even make more AND have a wider market.
I am a licensed Real Estate Agent. So look me up, my time is free so I will work with you so you can feel great about the sale.... more
Right now the Upper East side is going thru major changes. Properties are undervalued and they will be rising. However it really depends on what you are looking for in a property. I can help you there as property values in NYC are directly related to location and space. The better the location and lower to the ground floor the higher the cost because the more exposure you will get even without advertising. If you are interested in investing I would be happy to sit down with you and my team and I will discuss your options and what is out there. I know every place available on the market. There is a brand new place in Clinton that is going to be a game changer because of the location and the new buildings that are just opening. That area is currently under going major changes.... more