I also own property in Rochester and have purchased and sold there from out of state. I can recommend an excellent Realtor. Contact me off line at Gail@GailGladstone.com for further information.... more
You should interview 3 Realtors and negotiate commission with them. The total commission you pay to your agent is split between the broker they work for, the buyer's agent, and the buyer's broker. So, you only pay one commission. Your other fees will be your closing costs. When you are interviewing Realtors you can ask for a seller's net sheet which will help you figure out how much you will need to close, based on a specific selling price.
Good luck!... more
Some areas of Rochester do have a higher crime rate than others. I went to college in Rochester but it's been a while so I can't give you any specific neighborhood advice. You will want to be able to rent to students attending the University of Rochester. Hopefully a local agent will jump in here and help you out. If not, there's always Buffalo :)
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Stephanie: Do you need to sell your house to be able to buy the other house? If so, and if the new listing is just what you want, you need to list your house quickly priced right at the market or maybe slightly under. If you present a contingent offer (contingent on the sale of your house) and it is accepted, you may get bumped by a non-contingent offer very quickly if other buyers are excited as much about the new listing. There are mortgages available that may cover the cost of repairs in the mortgage. Century 21 Mortgage can help you with that if you do not have a mortgage company right now. You can try them at 1-888-321-9088. In any event, quick action is essential if you want to have an opportunity to buy that house. George Dounce, 585-721-7653.... more
I don't live in RI but, you should seek the help of a professional Real Estate. R.E. Agents have many ways to access properties that you as a buyer would not be able to gain access to. Make sure the agent you choose is well versed in many areas and will do their homework. This is very important. Buying a church is not like buying a home. Interview agents to represent you, in the end it will be worth it!... more
Why not purchase a single family dwelling? I have a completely updated ranch in Gates, 3 Bdr. in a great neighborhood of homes built in the 70s. I cost no more than a Townhouse/Condo and it doesn't require a hugh down payment either.
Generally, the Southeast quadrant; plus the core, and the cornhill neighborhood which sits on the opposite, 14609 and southwedge are up and coming; sometimes rough around the edges in some spots. Take a look at the trulia neighborhood heat map, avoid the neighborhoods in green; they may be drug neighborhoods, and it may be hard to find tenants and prop managers for those. .
Location aside, one major thing to watch for is that the utilities in the units are separate. You will be much better off having tenants pay for it, as utils in the winter are high. Makes a huge difference in the your margin. Also, don't touch (whether sep utils or not) electric heated units.As most of the homes are built early 1900s, as soon as you purchase one, check whether the external walls have insulation; it's not very expensive to blow some in if there isn't. Then, take a summer fix stuff, remodel, and to get to know the house/units and all the little issue and meet your prop manager who has been working hard to manage this--not always an easy thing (either tenant wise or house issue wise), which isn't apparent when you're an absentee landlord. Good luck. Not a bad idea IMO with such a strong pound, but wait for rent growth to resume only after the US recession which may last ~1 to ~3 yrs depending on how strong global growth is.
A few minutes ago... more
Be creative and think out of the Box. I have had my clients offer a two person cruuise, a car , a one week vacation at their timeshare. Host open hopuses and offer a drawing of lotto tickets, cash or a trip somewhere local. When ever you give someone something they are more likely to consider what your fofering. An extra benefit, you pick up buyers, sellers and referrals for yourself! Have fun with it. Host a neighborhood garage sale or a free car wash (where you actually roll up your selves and help) Your clients will love this and you. You bring attention to the house and don't forget to advertise in your local paper its inexpensive!... more
Webster, Irondequoit and Greece are fine communities to live. I personally prefer living in the village of Fairport a community built along the Erie canal. "24" it truely depends upon your self interests as to which village will best fit your lifestyle.
Are you planning a trip to the Rochester area this summer? I am a realtor for Hunt ERA out of the Fairport office and would be happy to help you narrow the search when you visit our area. If you would like to see how I do business visit www.huntera.com. If you would like to send me your e-mail address I will send you any information you would like to have so that you can begin your search.
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So i tried to check Raffay's website. He has the normal NY area counties, then "Out of area" which includes the rest of the country, but you can only search by "out of area". So after clicking through 3 pages of "out of area" listings, there wasn't a single place in the state of Minnesota let alone in Rochester, MN. After that i gave up and reported his post as spam.... more
Wayne, Properties throughout Rochester are modestly priced--which is why the area is drawing investor attention from around the country, and in your case, from abroad. Beechwood is one of those neighborhoods just beginning to benefit from renewed interest in urban pioneers and city planners encouraging the redevelopment of the Eastside. Good luck w/your investment.