Home Buying in Rochester : Questions & Answers

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Joan Braunsc…, Real Estate Pro in Morris County, NJ
Joan Braunschweiger answered:
what is the average % a buyers agent will ask for ?
Buyer's agents typically don't ask for a percentage. The commission agreement is usually written in the contract between seller and listing agent and that includes the split ... more
0 votes Share Flag Sun Mar 6, 2011 Home Buying in 14610
Bill Desaute…, Real Estate Pro in Colchester, VT
Bill Desautels (802) 655-9100 answered:
I put in a short sale offer. The bank is talking about moving to foreclosure as the 2nd bank won't take the 1st banks offer. What happens to me?
It really depends on the bank. We have had an instance when a buyer of ours had a contract on a property that went from being a short sale to a foreclosure. We were lucky in that the ... more
0 votes Share Flag Wed Oct 27, 2010 Home Buying in 14623
Ellieen Elli…, Real Estate Pro in Rochester, NY
Ellieen Elliott answered:
what is needed for rent with option to buy?
A good down payment, a credit check and a time line in getting a bank loan.
0 votes Share Flag Tue Dec 28, 2010 Home Buying in 14609
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
what year was 59 Pollard Avenue, Rochester NY 14612 purchased.?
Since no local answers yet--you can check the local public records department, or contact any local agent(s) for the information.
0 votes Share Flag Wed Dec 29, 2010 Home Buying in 14612
Robert Kirby, Real Estate Pro in 14626
Robert Kirby answered:
1. Why are the taxes so high?2. Why is this home on Parklands Dr. been bought & sold so obsessevely in the past few years?
There are a few homes on Pearson lane. Could you tell me which one. My office and my home is very near here. The taxes posted on the homes are total true tax. If you are going to occupy ... more
0 votes Share Flag Sat Jun 26, 2010 Home Buying in Rochester
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis, Birmingham MI answered:
How are the taxes calculated?
Every year the home is reassessed, with a notice of the assessed value usually coming out in February. The assessed value is multiplied by the local mileage rate to calculate the taxes ... more
0 votes Share Flag Sun Apr 11, 2010 Home Buying in Rochester
Nancy Gastel, Real Estate Pro in Rochester, NY
Nancy Gastel answered:
What is a good area in Rochester to buy an investment property that is popular with renters?
It depends upon your budget. Park Avenue, parts of Brighton and Pittsford NY are good. I am a Broker - Nancy 5853295490 or 7705781067
0 votes Share Flag Mon Aug 23, 2010 Home Buying in Rochester
Bob Hibbard, Real Estate Pro in Rochester, NY
Bob Hibbard answered:
Can I purchase investment (rental) property using equity from 2 homes?
Depending variables such as credit score, employment, cash flow/s, debt ratios and appraisal values of the properties you own, you may be able to to get a lender to lend you the funds. ... more
0 votes Share Flag Fri Apr 9, 2010 Home Buying in Rochester
Robert Kirby, Real Estate Pro in 14626
Robert Kirby answered:
I AM LOOKING FOR A 203K CONSLUTANT WHO HANDLES THE BROOKLYN AREA ON A FULL TIME BASIS
Check out Wells Fargo or Bank of America in the area. Both should have a referance for you. Wells Fargo has a streamline 203k or mini 203k. You should check it out. The buyer can do the ... more
0 votes Share Flag Wed Apr 28, 2010 Home Buying in 14611
Mike Webster, Real Estate Pro in Portland, ME
Mike Webster answered:
I have $150,000 in cash. Pay cash for a duplex or buy two with 50% mortgages?
The strongest way to leverage your cash is definitely to buy 2 or 3 multi families with mortgages on each. If you get 15 year mortgages, you can pay it off quickly and you will get a l ... more
0 votes Share Flag Sun Oct 24, 2010 Home Buying in Rochester
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
If I am sued, how much can I be sued for if my rental property is bought thru a LLC?
Protect yourself --regarding any legal issues your best source of advice is an attorney.
0 votes Share Flag Thu May 30, 2013 Home Buying in Strong
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What is difference between preforeclosure or foreclosure?
In a pre-foreclosure/short sale the owner tries to sell the property before the bank takes it away --in this case, ultimately the bank decides on which bid to accept, reject or counter ... more
0 votes Share Flag Wed Feb 10, 2010 Home Buying in Strong
Housexpert, Real Estate Pro in Rochester, NY
Housexpert answered:
If you had $150,000 to invest in real estate in Rochester, where would you buy and what type of property would you buy?
I am an investor/property manager and also prefer single family homes to rent out for some other reasons as well- there is less turn--over. People are less likely to move b/c they are n ... more
0 votes Share Flag Wed Mar 24, 2010 Home Buying in Rochester
James Gordon…, Real Estate Pro in Cincinnati, OH
James Gordon ABR PBD SFR SRS answered:
I am selling and the buyer is doing sonyma. How long till we close?
Chyrisse you may want to check with your Realtor®. Do you know which of the six programs currently offered the buyer is using?
0 votes Share Flag Sat Feb 6, 2010 Home Buying in Rochester
Kristen Wahl, Real Estate Pro in Rochester, NY
Kristen Wahl answered:
Look for a single family house near Strong hospital
Hi Jeff,

You're right, the inventory near the U of R is very low right now. It's a very popular area, so homes tend to sell quickly. My office lists a large percentage of ... more
0 votes Share Flag Fri Apr 23, 2010 Home Buying in 14620
Mike Conner, Real Estate Pro in Olympia, WA
Mike Conner answered:
Looking to buy a few multi family in Rochester for income.
Sara, first of all good luck with your investment plans! I hope you get some great answers here that will help you make a good decision. If you need help finding a local Realtor with ex ... more
0 votes Share Flag Sat Feb 6, 2010 Home Buying in Rochester
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
My girlfriend and I have an accepted offer on a house and were set to close. Two days before closing the attorney called us and said the seller owes
I am not licensed in NY but let me just ask this/mention this.

Is the home listed with a realtor now? Wouldnt they have asked the seller what they owe, show them a estimated closing ... more
0 votes Share Flag Tue Jan 19, 2010 Home Buying in Rochester
Voices Member,  in
Voices Member answered:
I want to relocate to Monroe County, NY. Can you tell me the city/town that would have the lowest property taxes but is still a nice place to live?
The school taxes are the culprits, along with the assessments. The smaller the school district the lower amount each property owner will contribute. The assessments on each home, in e ... more
0 votes Share Flag Fri Jun 28, 2013 Home Buying in Rochester
Linda Akers, Real Estate Pro in Rochester, NY
Linda Akers answered:
I want to relocate to Monroe County, NY. Can you tell me the city/town that would have the lowest property taxes but is still a nice place to live?
The town of Henrietta in Monroe County is one to look at. Visit AkersSellsHomes.com to view properties and learn more about the areas. Feel free to give me a call to discuss the tax cre ... more
0 votes Share Flag Thu Jan 14, 2010 Home Buying in Rochester
Jim Adams, Real Estate Pro in Rochester, NY
Jim Adams answered:
is this house on brandy brook ln really for sale for 500 dollars if it is i would like to offer 1000?
I do not see any home listed for this price. There must be an error on the listing.
Do you know the number on the street?
0 votes Share Flag Mon Jan 11, 2010 Home Buying in Rochester
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