Rent vs Buy in 11221 : Questions & Answers

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Gail Gladsto…, Real Estate Pro in 11743
Gail Gladstone answered:
For generations, we've aspired to be home owners. Evidence shows we'd be better off renting – both individually & as a nation....
I rented until 1995 when I purchased my first home (I am 67). To me, it is like a bank account.

When I rented, I paid the landlord's mortgage. Now I pay my own and will be reimburs ... more
0 votes Share Flag Sat May 4, 2013 Rent vs Buy in Brooklyn
Jacques Ambr…, Real Estate Pro in 11375
Jacques Ambron, CRB CBR SFR answered:
In New York City when does it make sense to choose a two year lease for a rent stabilized apartment?
If you are planning to remain in the apartment for any length of time, you are probably better better off with a 2 year lease. Otherwise you will be subject to 2 increases as opposed t ... more
0 votes Share Flag Mon Feb 25, 2013 Rent vs Buy in Brooklyn
Mitchell Fel…, Real Estate Pro in 11229
Mitchell Feldman answered:
Buy or Rent in Prospect Heights?
Dear Melindagar:

If you purchase a property with less than 20% down you will have to get private mortgage insurance. This can be quite costly so keep that in mind. Your best bet is t ... more
0 votes Share Flag Sun Sep 30, 2012 Rent vs Buy in Prospect Heights
First Last, Other/Just Looking in 90002
First Last answered:
Co-op vs renting in Kensington, Brooklyn NY.
The bank does not have to agree to the short sale, so you may not get this property at all. I certainly hope you have an attorney working for you? If so, definitely get their advice. Fi ... more
0 votes Share Flag Tue Aug 28, 2012 Rent vs Buy in Brooklyn
Eric Carino, Real Estate Pro in Brooklyn, NY
Eric Carino answered:
Help me, Maybe??
Hey Gary,

I have a two bedroom, two bath with a gym, pool and common roof deck for $5040 per month. Two months free and no fee. Feel free to give me a call @ 646.236.4818

Thanks,
... more
0 votes Share Flag Mon Jul 23, 2012 Rent vs Buy in Williamsburg
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
What is the qualification of in the rent to own program.?
Bottom line is that you will have to be able to get a loan in a year to be able to buy the house. No loan means you lose the extra money and deposit you put up. They are not good deal, ... more
0 votes Share Flag Thu Feb 21, 2013 Rent vs Buy in Canarsie
Mitchell Fel…, Real Estate Pro in 11229
Mitchell Feldman answered:
i saw an abandoned house. i want it what can i do. it really need fixing. can i do it myself?
Dear Mimi:

Based on your question I would think that you may need some help along the way. I suggest you have a licensed real estate salesperson assist. You can also try to find out ... more
0 votes Share Flag Wed May 23, 2012 Rent vs Buy in 11213
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
need a ground floor, 2br in canarsie, asap...Help! Relatives will do viewings, as I cannot stand for long.
Check with local realty offices, or work with an agent; check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.
0 votes Share Flag Tue Dec 11, 2012 Rent vs Buy in Canarsie
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
bit nervous about going to see an open house in bklyn, love the house i would like to own it. but i don't know if I stand a chance first time
Your first step should be to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know if t ... more
0 votes Share Flag Thu Jun 30, 2011 Rent vs Buy in Canarsie
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Just started my first job fr college. Im renting a one bed room apt now, what's your advise regarding real estate wise for a person who just
Step #1 in the purchase of real estate is always to speak to a lender to see if you can qualify for a loan. It's free and will cost you nothing and you will always learn something ... more
0 votes Share Flag Tue Mar 1, 2011 Rent vs Buy in Brooklyn
Elaine Cooper, Real Estate Pro in Brooklyn, NY
Elaine Cooper answered:
Young couple, income 160K per year, want 1 bedroom for 450K, good time to buy in Brooklyn, NY?
Hi Mo25,

Now is a perfect time to buy. Interest rates are low, prices are down and if this is your first home, you can qualify for a $8,000 tax credit. It's impossible to time the ... more
0 votes Share Flag Wed Jun 20, 2012 Rent vs Buy in Brooklyn
Carmen Di Bi…, Real Estate Pro in Rockland County, NY
Carmen Di Biase, GRI answered:
I am graduating and moving to Brooklyn in Dec. In uncertain times, is it better to rent or to buy a condo?
Todd,

Visit this site to start with: http://moving.move.com/homefinance/calculators/rentbuy.asp

Then speak to a mortgage rep to determine what options are available to you.
0 votes Share Flag Wed Dec 4, 2013 Rent vs Buy in 11228
Ben, Other/Just Looking in New York
Ben answered:
As the market is changing so quickly, which would be better renting or buying for smaller ( one bedroom) apart
Rent vs Buy calculator would be a good place to start.
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html
0 votes Share Flag Sun Jun 12, 2011 Rent vs Buy in Manhattan Beach
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