Most probably because the taxes are high. Many people can afford the house but the taxes push it out of their budget. Good news if the taxes are being grieved.If you like the house,work the numbers with your mortgage banker/broker and get an engineers report. If you have any questions about this area, ask me, I live in this town.
dcurti@realtyagent.com... more
Can I ask why you are looking for the agent or office who sells the most in St. James? I'm not a Realtor, but I can say that from what I've seen in my years, it's not always the agent or office who sells the most that turns out to be the best fit for you as a seller or buyer.
I mean if you're looking to buy, you can hook up with an agent who is a top producer, but maybe that agent si far too busy to give you the service and attention that an average producing agen can give you, and still both know their market and business well enough to get the job done!
Sorry if I went a totally different direction with this...... more
Wow! This is a difficult question to answer appropriately. It would be rather presumptuous of me (or anyone else) to give you advice on what could be a very emotional decision. God bless you for being so generous to your daughter. I hope she fully appreciates it. From your end, there may be some considerations. Gifting that amount of money may have tax implications for you and your daughter. I would recommend speaking to your accountant or tax attorney regarding the gift because when your daughter goes to obtain the mortgage, the bank will want to know where the $191,000 came from. They will probably want an affidavit saying that she does not have to pay the money back. If you decide to hold the entire mortgage, there will also be a savings of the much of the closing costs associated with getting a mortgage through a bank. There are other considerations such as what happens if your daughter defaults on the bank loan putting your gift at risk of foreclosure. Good luck with your decision.
Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com... more
Hi Barry,
It's a Large Split syle home on West Meadow Creek. Please send me your email address and I will send you the link for more details. Thank you, my email is jzilpelwar@yahoo.com... more
Whether or not the court will hold an inexperienced owner to the same standard as a real estate pro I couldn't possibly say, but if neither a buyer, not a seller hired a professional agent, who would (amongst other things) make sure that material facts would be disclosed, then the buyer can't be completely surprised when they don't get them. Doesn't make it right, but it might explain why you needed to spend $425 and lots of time jumping through hoops only to lose everything and have to start again. My guess is that you are now buying the second home through an agent. Regardless, I wish you a straightforward and flawless transaction.... more
Hi Sandra, First off, happy new year to you and your family! With respect to short sales, I was involved in a short sale in Holbrook where we were in contract in July 2007 and didn't close until February 2008! It was frustrating to say the least. Short sales can get complicated especially if there's more than one bank involved because in most cases the bank holding the second mortgage will get nothing. So there's a lot of negotiation going on. Also, many banks now require that the potential buyers go into full contract with the seller before they'll even consider the offer. If I can assist you in some way or answer any other questions, please feel free to contact me. Again, all the best for a very happy and healthy 2009!
Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com... more
The best value for a home is the recent sale of a similar property. This is what a current purchaser was willing to pay for the home during the current market conditions. These comps should direct the purchase price of a similar property. As a buyers agent in my market, I always use the comps to establish a purchase price for my clients during our consultation. You can then review the comparable sales price vs the current listing price. Some of the markets on Long Island are not in a decline because of sub-prime in the neighborhoods. The overall real estate market has seen a decline because of the foreclosures within the overall market. Your agent should be able to show you if the closing prices are stable, increasing or declining and that should factor into your purchase decision.... more