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Home Buying in Hempstead : Real Estate Advice

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  • Local Info7
  • Home Buying14
  • Home Selling3
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Activity 31
Thu Mar 9, 2017
Sharmron asked:
Fri Oct 28, 2016
Ian Lozada answered:
I would suggest calling the Hempstead police department. A real estate agent cannot answer questions like this one.
0 votes 1 answer Share Flag
Sun Mar 20, 2016
Christine.parrish asked:
Sat Jan 23, 2016
Malgorzata Ringston answered:
You can lower your offer but utimatly owner of the house make decisions. You never know if they will go down or remove your offer from the table for good. Talk to you real estate agent he can have talk with other agent who might have better understanding of home owners expectations.
Good Luck!
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0 votes 17 answers Share Flag
Fri May 16, 2014
Oleg Volfman answered:
Sun Feb 2, 2014
Sarah answered:
I am trying to find the answer to this exact question myself. So far I continue to find the answer "no" :(
0 votes 1 answer Share Flag
Sun Dec 29, 2013
Javier Meneses answered:
Sorry to hear that you have already closed. The MCC tax credit would have been your only option really.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
... more
0 votes 17 answers Share Flag
Sun Dec 15, 2013
Martina Ryan answered:
It probably is. Keep checking back. New properties are always available.
0 votes 5 answers Share Flag
Wed Sep 18, 2013
stephen webber answered:
Hi Yolanda

A loan officer who has worked with the MCC is your key person. However I am receiving emails from all over the country explaining that many loan officers are explaining to people that the MCC does not exist in their state when in fact it does.
The challenge is to find a loan officer who has worked with the MCC. First task is to gather all of the information you can find than interview a few loan officers. You also should find a loan officer who works with all of the first time home buyer loans. If they don't have experience with any of the loans they will not tell you about the loan that would best serve you.
There a number of articles, such as Consultation Interviewing Loan Officers, on the site Your-Road-Home.com that will serve you. Two on the MCC and number of articles on the various loan types, no money down options etc.
If you read the numbered articles in the right column in order they will walk you through financing, the MCC and finding the best homes.
Trulia is also a good source of information and when you are ready to interview loan officers and real estate agents you will find many from your area on Trulia offering their services.
Best of Luck, Stephen Webber, 34 Years of Real Estate for First Time Home Buyers
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0 votes 2 answers Share Flag
Thu Jun 27, 2013
Lori Placido answered:
the taxes are average here.about your other questionmost schools are free but give me a call to go over your concerns.

thank you
lori
0 votes 2 answers Share Flag
Thu Apr 25, 2013
Trevor Curran answered:
Good afternoon S Montgomery,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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1 vote 5 answers Share Flag
Sat Mar 23, 2013
De Vonte Williamson answered:
Hello Jeff. You should consult a Mortgage Broker/Advisor who could assist you in this matter. With an FHA loan, you can purchase a home with 3.5% down. However, like any other loan, you must qualify.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.


Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
(631)384-3695
http://cbmoves.com/DeVonte.Williamson
http://devontesellsny.wordpress.com/
DeVonte.Williamson@cbmoves.com
"I Stand Behind Getting You Results!
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0 votes 8 answers Share Flag
Wed Mar 20, 2013
stephen webber answered:
YES there are no down loans availble for first time home buyers. This is why it is so critical to find loan officers who know the lending business and first time buyer programs.

Some States and Cities offer assistance and grants that result in NO Down Payment for first time home buyers. Go to your Your-Road-Home.com, scroll down the left colum to article #8, its not in order so scroll way down, in the right colum of #8is a list of state agencies and links for grants and assistance. Also read the article Consultation Interviewing Loan Officers. Gather lots of information so as you interview loan officers you will recognize if they are famiiar with the first time buyer loans available to you. Also read the article on USDA loans-No Money Down.
After you have gathered info you will find loan officers offering their service through Trulia and some are very good.
If you appreciate this message be sure to give it thumbs up so other people can find it.
Best of Luck and most importantly dont let anyone discourage you from goal.
Stephen Webber
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2 votes 5 answers Share Flag
Sat Feb 9, 2013
My NC Homes Team answered:
You need to get pre-approved for a mortgage otherwise when you find a home you want; you won't be ready to make an offer.

I hope you're working with an experienced buyer broker, (see link below) the right broker will save you time, money and minimize problems. They can also suggest several excellent local lenders to you.

Best of luck and happy house hunting.
... more
0 votes 15 answers Share Flag
Wed Feb 6, 2013
Trevor Curran answered:
Good evening cherylijbartell,

I'm sorry to have to inform you that the First Time HomeBuyer credit expired quite some time ago. As to your question about claiming child tax credits, the best and only person to provide an answer to that is your tax professional.

When I counsel my First Time Buyer clients, I strongly recommend they immediately identify and create a relationship with a good tax professional. Having a great tax pro on your side is a key component of the Homeownership experience. You can question your tax pro anytime throughout the year so as best to manage your finances as a homeowner.


Good luck!
Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

If you thought my answer was helpful, please give me a "Thumbs Up." Thanks!
... more
0 votes 2 answers Share Flag
Sat Feb 2, 2013
Shannon.Marie316 answered:
No. The appraised value minus the required downpayment is the limit as long as that's within your loan approval range.
0 votes 15 answers Share Flag
Sun Jan 13, 2013
stephen webber answered:
Nice answer John Burke. Exactly right on, nice to see a correct answer. Thank You
0 votes 2 answers Share Flag
Mon Dec 31, 2012
Anna M Brocco answered:
When it comes to any tax questions, it's always a good idea to consult with your tax professional and or attorney; don't simply rely on online information...
0 votes 3 answers Share Flag
Thu Nov 1, 2012
Betty Stroll answered:
Hi Terri... I would be delighted to assist you in locating a professional Realtor like myself who can guide your through the process as stress free as possible. Please send me your contact information at betty.stroll@raveis.com.
Good Luck in your search!

Betty
... more
0 votes 2 answers Share Flag
Wed Aug 8, 2012
Joseph Runfola answered:
If you want you can order your own. https://personalreports.lexisnexis.com/homesellers_disclosure_report/landing.jsp The C.L.U.E.® Home Seller's Disclosure Report will include for any listed loss: date of loss, loss type, status, amount paid, policy type and insurance company name. LexisNexis Personal Reports is a LexisNexis web site. Through Personal Reports, consumers can order reports about themselves and can order certain reports on other people such as prospective caretakers, contractors and physicians. The reports made available through LexisNexis Personal Reports are prepared and provided by various LexisNexis entities. ... more
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