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All Locations : Nationwide Real Estate Advice

  • All695K
  • Local Info59K
  • Home Buying255K
  • Home Selling42K
  • Market Conditions26K

Activity 480,791
A few minutes ago
Kathy Burgreen answered:
Is this for a co-op? That would explain the 25% down payment and why the asking price is $450K. I'm sorry the appraisal is low and unfortunately in New York City, sellers have the advantage that they can get more buyers submitting offers than outside NYC.

If this home was located in a lower income neighborhood of Queens, I would advise negotiating with the seller and seeing if you can lower your offer price. However if this home is located in Astoria, Bayside or the better parts of Queens, your luck at negotiating for a lower offer price is slim - none. You can try and cross your fingers but don't expect much. As for paying another appraiser - it's up to you if you want to spend the extra money but it's 50-50 if a 2nd appraiser will come in at a higher price. It may be worth it if it means paying less than $45K.

Another option is to withdraw your offer and find a cheaper co-op or home. I know in the better neighborhoods of Queens, buyers will submit high offers. You need to know that Brooklyn is too expensive now and Manhattan is out of reach so the borough to target buyers is Queens. When that gets too expensive like Brooklyn, they will head for the Bronx or Long Island.
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A few hours ago
Kathy Burgreen answered:
The 90 day holdover period is to protect the brokerage in case a buyer who saw your home during the contract period and now wants to submit an offer after your contract ended. The issue is the brokerage keeps a list of buyers who visited your home and if a buyer submits an offer, the brokerage wants to get paid. Once the 90 day period is over and if a buyer submits an offer, you do not owe the brokerage a penny.

Try to wait for the 90 day period to end, then sell by owner.
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A few hours ago
Gregg Pomeroy answered:
Hello, Im a mortgage professional.

It depends on the program used.

I can lend nationwide and I'm available almost 24/7.

If you would like help with a pre approval or you have any questions you are welcome to contact me. ... more
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A few hours ago
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

Your score and the time that has passed since the bankruptcy are good enough to get a mortgage.

We have programs that require no down payment and some that require as little as 3% down payment.

The best thing to do is get a pre approval. Then you can get a clear idea of what you would qualify for.

I can lend nationwide and I'm available almost 24/7.

If you have any questions or would like to get a pre approval you are welcome to contact me.
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A few hours ago
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We have an FHA construction loan.

I can lend nationwide and I'm available almost 24/7.

If you would like a pre approval you are welcome to contact me. ... more
0 votes 1 answer Share Flag
A few hours ago
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

Generally if a seller only want cash or conventional it is because they feel the house won't qualify for FHA.

You can certainly ask if they will accept FHA, if not there are conventional loans that allow a 3% down payment.

I can lend nationwide and I'm avialable almost 24/7.

If you need help with a mortgage pre approval you are welcome to contact me.
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A few hours ago
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You can put 3% down and you can even roll closing cost in using a sellers concession.

Your payment will depend on the purchase price of the home, the taxes and insurance cost.

I mostly handle NY and can lend nationwide.

If you would like help with this you are welcome to contact me for a mortgage pre approval.
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A few hours ago
Robert.estrada answered:
yes, you can terminate the sales agent for doing a bad job. appears this agent does have time for you. call Trump he will take care of this
0 votes 22 answers Share Flag
A few hours ago
Rbburton asked:
A few hours ago
4tiffany.moore answered:
I'm selling my house to a investor for cash. They are allowing me to stay in the home past the sale date but 25% will be put in escrow until after I vacate the property. I'm afraid this is a scam, should I be concerned? ... more
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A few hours ago
Shell_libra99 asked:
We are torn because we want to buy a $300-350K house, (to sell in 5YR) but we do not need a big house (running exp is high), currently renting apt.
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A few hours ago
Jimmyjja asked:
streets are orangegrove, valombrosa and fernleaf. This is a senior community. the only crime here is probably mail theft. Somone needs to fix this as it is affecting our property values.…
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Earlier today
Jessincol asked:
Earlier today
Tlgipe asked:
Earlier today
Luis_canuto asked:
Earlier today
Qymj86-mm asked:
This is a replacement property for a 131 exchange - seeking cash flow and appreciation, ideally with reasonable property taxes and insurance rates.
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