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Market Conditions in Buffalo : Real Estate Advice

  • All541
  • Local Info45
  • Home Buying244
  • Home Selling30
  • Market Conditions11

Activity 19
Sun Mar 29, 2015
Kathy Robson asked:
This question was asked from http://www.trulia.com/property/3114014916-152-Stratford-Rd-Buffalo-NY-14216?ecampaign=con_day_propertysearchforsale_bk&eurl=www.trulia.com%2Fproperty%2F3114…
0 votes 0 Answers Share Flag
Fri Feb 13, 2015
Tim Moore answered:
As an agent why do you call it what it "was" and not what is "is". It was a foreclosed house, now it is a bank owned home. The bank got it back at the end of the foreclosure and is now selling it. The ONLY time proof of funds is requested is in a CASH deal to prove to the bank that the buyer has the cash needed. ... more
0 votes 1 answer Share Flag
Sat Oct 19, 2013
Craig Wheeler answered:
Multiple Parks are in that area of the west side of Buffalo. The two that have courts, and are somewhat close are Asa - Reese Park on the Corner Rees Street and Bradley St. Or the Parkside Dr. portion of Delaware Park has multiple courts. Have fun! ... more
0 votes 2 answers Share Flag
Tue Dec 6, 2011
Ari answered:
hi henry,
i'm also a canadian looking to invest in buffalo -
do you know what is the best way to set this up - LLP or Corp etc? it's quite confusing there are quite a few issues - could you contact me at ari@relaxus.com
thanks
ari
... more
0 votes 7 answers Share Flag
Mon Oct 10, 2011
Joe Sorrentino answered:
It varies form town to town, sub-dvision to subdivision but if you want, figure 80' X 150'
0 votes 1 answer Share Flag
Tue Apr 12, 2011
Bot Johnson answered:
Free, if you don't mind that your "apartment" is actually a dumpster, and that you might have to share it with other tenants (rats).
0 votes 3 answers Share Flag
Sat Apr 10, 2010
Anna M Brocco answered:
Since no local answers yet--Any local agent can help you--contact any realty office(s) and inquire or contact any local Trulia contributor(s) directly and ask--
0 votes 1 answer Share Flag
Tue Apr 6, 2010
Ron Rovtar answered:
Hi Charlie8:

Three years is a very short time if you are trying to build equity. During this period, a huge percentage of your mortgage payments go toward interest, so your only chances to gain much equity will probably come from appreciation in the marketplace or improvements you make in the home (and few professionally finished home improvement pay for themselves these days). You should also consider that you probably will pay a commission when you sell, which could eat up some or all of the equity you accrue.

On the positive side, you will get the mortgage tax deduction, and, if you move quickly, you may get the federal tax credit that expires at the end of this month (if it is not renewed).

Therefore, I would suggest you think this through very carefully. You might want to run your number through the "Rent Vs. Buy" calculator on this page: http://www.freddiemac.com/corporate/buyown/english/calcs_tools/

I hope this helps!

Best,
Ron Rovtar
Prudential Real Estate of the Rockies
Boulder, CO
303.473.1926
... more
0 votes 5 answers Share Flag
Mon Jan 11, 2010
Michael Wichrowski answered:
Hello! I specialize in the Southtowns and know your area quite well, having done much business in South Buffalo. Please give me a call and I will be happy to share my exclusive marketing plan with you to help you successfully sell your property.

Michael Wichrowski
Licensed Real Estate Salesperson, REALTOR

716 743-5273

RealtyUSA - 3674 Commerce Pl. - Hamburg NY 14075
... more
0 votes 2 answers Share Flag
Mon Jul 13, 2009
Joe Sorrentino answered:
buffaloniagarahomes.com
or; mjpeterson.com

Joe Sorrentino
Associate Real Estate Broker
MJ Peterson Real Estate
0 votes 1 answer Share Flag
Tue Dec 2, 2008
Ryan Walley answered:
998 West is listed FOR SALE at $25k, but you could probably get it for under $20k with all cash.

It does not look like they are renting this home at this time.
0 votes 1 answer Share Flag
Tue Dec 2, 2008
Michael Wichrowski answered:
I'm not sure anyone can give a complete answer to your question. Are you asking about market values of houses, market values of vacant land, or tax rates?
0 votes 1 answer Share Flag
Thu Oct 23, 2008
Michael Wichrowski answered:
Here are the links to the NYS Office of Real Property Services:

http://www.orps.state.ny.us/

http://www.orps.state.ny.us/home/varp_index.cfm

They can also be found on my website on the "Useful Links" page at http://mikesallright.com/links.htm ... more
0 votes 2 answers Share Flag
Sun Oct 19, 2008
Al + Vivian Robinson answered:
What kind of business? Although Genesse St has a high traffic rate it is undesirable unless you are close to downtown Buffalo. It's a high crime area. Extremely low owner occupied area.
0 votes 4 answers Share Flag
Sat Oct 18, 2008
Bill Eckler answered:
Guy,

We agree with the other postings. The answer to your question is subjective and since opinions vary from person to person, the information you get may not match your ideals.

Plan a trip to visit the area for the expressed purpose of getting a feel for the area and obtain information that is relative to your needs not someone elses opinion.

Good luck
... more
0 votes 3 answers Share Flag
Fri Oct 17, 2008
miriam treger answered:
i do not beleive that in our area the credit issues have dramatically effected the price of homes in downtown Buffalo, NY. if you are investing or buying for owner occupied, the mortgage monies are avaialbale. what is your goal? ... more
0 votes 3 answers Share Flag
Thu Aug 28, 2008
Isabel answered:
HI Barbara, thanks for your answer. It will be managed by a college student I know. Regarding the rental, I am expecting that teachers or students or even families might want to rent form Sept to June... ... more
0 votes 4 answers Share Flag
Thu Jul 17, 2008
Gail Gladstone answered:
Are you a Realtor? Call your MLS. LIBOR does it automatically when you file your photo on line with the Board
0 votes 2 answers Share Flag
Wed Feb 20, 2008
Anderson Hall answered:
It's hard to say with the information provided. Are you from the Buffalo area? If not, be very careful of the investors who have come in for the purpose of flipping properties, Although it seems like a great deal, your home may have been significantly less a couple of years ago. Buffalo is a great city but it's poor. Don't expect to get anything close to NYC rental prices. Anything between $0-700 (regardless of the number of bedrooms) is pretty accurate for the entire city. Also, think about who you would like to rent to and if that neighborhood would appeal to them. ... more
0 votes 5 answers Share Flag
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