Home Buying in 10001 : Real Estate Advice

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Ross.c.teach, Home Buyer in Detroit, MI
Ross.c.teach asked:
HELP. I started a mortgage application on May 10th. I still have no received a clear to close. My only response for the mortgage processor is that we will receive an update from the underwriters tomorrow. Her supervisor will not return my phone calls. The last I spoked with him,…
0 votes Share Flag Mon Jul 11, 2016 Home Buying in 10001
Vivian PHam, Renter in 11598
Vivian PHam asked:
How long does it take to get a permanent certificate of occupancy once a new construction is completed? Purchasing a new home. Home is in final stage. Contract stated that May 15th is the tentative closing date. How long does it take to get a permanent certificate of occupancy once a new construction…
0 votes Share Flag Mon Apr 25, 2016 Home Buying in 10001
Goldmendal, Home Buyer in Rockford, IL
Goldmendal asked:
2% Interest Loan? A MUST READ: I am Cortz Mendal, I live in Montana, I like to bring this to the knowledge of the general public about how my life got transformed from the most diverstating part of my life…
0 votes Share Flag Fri Apr 15, 2016 Home Buying in 10001
Jonathan Lah…, Real Estate Pro in Potomac, MD
Jonathan Lahey of The Lahey Group answered:
Affordability on trulia.com - is this the value of a property that people in a particular living area can afford or is it an amount of annual income
It maybe depends on the income , so to avail the value of a particular home.
0 votes Share Flag Thu Feb 18, 2016 Home Buying in 10001
Madonnamolloy, Home Buyer in New York Mills, NY
Madonnamolloy asked:
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0 votes Share Flag Wed Jan 6, 2016 Home Buying in 10001
Boltonzruth, Home Buyer in New York, NY
Boltonzruth asked:
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0 votes Share Flag Tue Jul 7, 2015 Home Buying in 10001
Blackaspviper, Home Buyer in Shawano, WI
Blackaspviper answered:
We are waiting for the lender to "Clear to close" What does that mean? I keep calling the lawyer and my realtor. waiting for 1 thing to clear to close
Papers are waiting to be underwritten what does that mean
0 votes Share Flag Fri Jun 26, 2015 Home Buying in 10001
Alexiskanee, Home Buyer in South Miami, FL
Alexiskanee answered:
how long does it take to get "Clear to close" after title search has been submitted to the lender?
When issued a clear to close that means we are just waiting on a few items from escrow/seller to close your loan, but do not do any like have a new credit run, go on vacation, quit your ... more
1 vote Share Flag Thu Jun 11, 2015 Home Buying in 10001
Debra Peters, Real Estate Pro in Hauppauge, NY
Debra Peters answered:
After getting a clear to close - can you get denied or something happen to prevent signing? We have made it all the way to the end and received
Lenders can call and verify the purchaser's information the day of the closing. Quitting your job prior to closing could have a negative impact on your closing.
0 votes Share Flag Mon Jun 8, 2015 Home Buying in 10001
John Hamidi, Real Estate Pro in Frisco, TX
John Hamidi answered:
Home Buying Ideas And Tips
why to buy now ? (its not good time for buyer till end of August

how long you will stay ?
0 votes Share Flag Sun Jun 7, 2015 Home Buying in 10001
Max Galka, Other/Just Looking in New York, NY
Max Galka answered:
Is there a rule about the square footage a listing has being accurate? I've seen houses that say one size and are much, much smaller.
Unfortunately, no. There is no such standard. Here are a few reasons why.

- There are a lot of ambiguities: outdoor space, the area between interior walls, etc.

- In most cases, ... more
0 votes Share Flag Tue Jan 27, 2015 Home Buying in 10001
Christine Ko…, Real Estate Pro in Warwick, NY
Christine Koenig answered:
1st time mortgage and business loan ?
This is a great question. I council all of my clients going through the home buying process to be aware of their entire financial picture. I suggest that they not make any large purchas ... more
0 votes Share Flag Mon Oct 27, 2014 Home Buying in 10001
James Furlong, Real Estate Pro in Brookline, MA
James Furlong answered:
Our money is transferred from France and it takes 1-2 weeks so we cannot give the 10% deposit at the contract which is ready for signature. Any tips?
Have your lawyer speak with the seller's lawyer - the seller will usually tend to be more attentive to the lawyer rather than the real estate agent in this situation because they see it ... more
0 votes Share Flag Mon Nov 18, 2013 Home Buying in 10001
James Furlong, Real Estate Pro in Brookline, MA
James Furlong answered:
I am looking to purchase an investment property in Manhattan, but I will not purchase above central park, Upper Manhattan just creeps me out.
You need to buy the property at the "right" price. That price varies for each investor and depends on what "return" you want to make on the investment. Determine what is the total cost ... more
0 votes Share Flag Wed Nov 13, 2013 Home Buying in 10001
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
NYC/NYS Real Property Transfer Tax on condo conversion?
Why not simply ask your attorney, and or tax professional...
0 votes Share Flag Thu Apr 25, 2013 Home Buying in 10001
Damoun Yashar, Real Estate Pro in Rutherford, NJ
Damoun Yashar answered:
What is the typical deposit on a co-op in Manhattan? The full down payment or a smaller %?
It depends on what the building allows re: financing but generally I would say 10% upon contract.

Damoun Baruch Yashar
CEO | Licensed NY Real Estate Agent

New York Real Estate ... more
0 votes Share Flag Mon Jan 14, 2013 Home Buying in 10001
Damoun Yashar, Real Estate Pro in Rutherford, NJ
Damoun Yashar answered:
hello My partner and I want to invest in the U.S. for future capital gains and double-digit returns We are looking for the best place that fits
No better place to invest than in NYC - while cap rates won't compete with certain areas in the US, you're investment is solid and highly unlikely to depreciate. Fee free to give me a s ... more
0 votes Share Flag Mon Jan 14, 2013 Home Buying in 10001
Michael Druc…, Real Estate Pro in New York, NY
Michael Druckman answered:
What should my net offer be?
First, an all cash transaction gives you negotiating power. However, it is imperative you have a real estate broker who is seasoned and understandes the nuances of negotiation represent ... more
0 votes Share Flag Fri Jan 4, 2013 Home Buying in 10001
First Last, Other/Just Looking in 90002
First Last answered:
HDFC coop has negative $400,000 financial.
I know attorneys are expensive, but an attorney is what you need. You want to know exactly what happens to you if the co-ops good plans go awry.

If I were buying this, I would also ... more
0 votes Share Flag Fri Oct 5, 2012 Home Buying in 10001
Semerun, Other/Just Looking in New York, NY
Semerun answered:
I just relocated to NYC buying property in Manhattan. I meet income restriction but still own property elsewhere , Do I qualify, eligible to buy HDFC
Each HDFC building has their own rules. Some boards will allow you to own other property, but many will not. Many of those that do allow you to own another home will expect the HDFC apa ... more
1 vote Share Flag Fri Mar 2, 2012 Home Buying in 10001
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