Julie, many, many homes in Long Island have cesspools. Asking a seller to "take care" of it is almost the same as asking a seller to change from heating oil system to gas. If your home inspector offers, you can also have him/her inspect the cesspool as well. This will give you a better idea of what the cesspool's condition.
Right now most markets are showing signs of picking up, and it has led to sellers being less negotiable when it comes to the price.
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(631) 659-2011 Office
(516) 918-5383 Fax... more
The referenced property is not showing as available on MLS; for available area properties check www.mlsli.com, or consider working with an agent; check local print media for by owner rentals, always verify ownership before exchanging any money; or word of mouth, etc.... more
Finding a loan for a condo in which the community is predominantly tenant occupied may be difficult. Most lenders require that a certain percentage of the complex be owner occupied (more owners than tenants). Keep in mind, even if you are purchasing this condo using all cash (no loan contingency), when you go to sell it, a potential buyer will face the same challange you face now - owner vs. tenant occupancy and lendability.
Coldwell Banker - Folsom, CA
(916) 622-7337... more
I'd recommend you contact Adam Waldman of RE/MAX Best in Suffolk. He is excellent, highly professional and knows the Island. As a former Long Islander and fellow RE/MAX agent, I can vouch for his integrity. He's in a class by himself!
Sometimes you just have to go see the house and leaving out some pictures makes a buyer want to go see it. Adding too many pictures can sometimes be worse than not having enough as many buyers look for reasons to take a house off the Go See list when they shouldn't. Go see it then decide.... more
You know, before your question, I never heard of a "family opportunity mortgage", so thanks for your question because I just did some research and educated myself. It seems you can try Chase (if they still do it, they had a press release on line from 2007 and with the recent problems getting mortgages ...) But it seems that you take out the loan according to your credit score but that your mom's income (benefits) would have to cover it. Good luck!
Century 21 Princeton Properties
Are you saying the owner of the home doesn't know who holds the second mortgage? How is that possible? Don't they receive monthly statements for the payment?
Better Homes & Gardens Real Estate Metro Brokers... more
As to how much it will add in value--depends, a home is worth what someone is willing to pay for it, and much will also depend on market conditions when it's time to sell--don';t be too concerned on resale, buy if it means more enjoyment to you while you are a resident in the condo.... more
You will need to talk to the title company that is doing the paperwork for you. There are usually attorney fees, doc prep fess, courier fess etc. They should provide you with an estimated (HUD-1) closing document that outlines all fees. Best Wishes!
Century 21 Judge Fite Company