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07063 : Real Estate Advice

  • All6
  • Local Info0
  • Home Buying3
  • Home Selling1
  • Market Conditions1

Activity 5
Mon Dec 22, 2014
Charles Gray answered:
the only legal answer to that would be "come to town and take a look around" or "feel free to check statistics on the internet as to the statistics on school ratings etc."
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Sat Sep 6, 2014
Sharon Felton answered:
A showing is typically scheduled 24 hours in advance. You let your Realtor know that you'd like to visit Home A, B, C, etc., and he/she will set up the appointments. Your Realtor will also gain access to the homes for you, and he/she can supply you with pertinent information (such as the square footage, the heat source, etc) as you walk through the rooms. Another idea is to see if the home you're interested in has an Open House scheduled. In that case, tell your Realtor that you're planning to visit House X this weekend -- but in that case, you will be "on your own" (unless your Realtor decides to attend the Open House as well). ... more
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Fri Aug 12, 2011
Shanna Rogers answered:
Hi Melissa,

A couple things. First, rarely (if at all in this market) do you get a dollar for dollar increase in value for improvements to the property. That said, the improvements you did most likely did not add $50K to the market value of the property even though that is what you paid. Now as for the appraised value dropping $40K since your last appraisal, yes....that is possible. Appraisers are all different (however, they should be fairly similar based on appraisal standards). If you pay for another appraisal, keep in mind it may come in even lower than the one you just had done that came in at $210K. As for appraisers using foreclosures (and short sales) as comps, that is 'allowable'. It depends what the market is comprised of in your area. In most areas these days, the market is mostly foreclosures and short sale. Appraisers have to use comps that have SOLD in the last 3-6 months within a 1 mile radius of the property.

Good luck.

Shanna Rogers
SR Realty
... more
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Sat May 28, 2011
AnnaMaria DiGiacomo answered:
All of the information in the previous answers are true.

When purchasing a Co-op you are purchasing shares/stocks in the building, a proportionate interest. You will not receive a Deed but will receive a shares certificate, per se. Typically the monthly fees are higher and they include the real estate taxes for the unit. I currently have a co-op on the market in PA and have sold two others. This particular type of real estate is more prominent in New York and some other states so financing could also be a bit of a challenge. Most mortgage companies will shy away from giving a loan on co-ops or will charge extra high rates. You may do better going to a bank or savings and loan in the community where the co-op is located.
I hope this information helps.
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