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Home Buying in 10001 : Real Estate Advice

  • All65
  • Local Info9
  • Home Buying30
  • Home Selling6
  • Market Conditions2

Activity 29
Ross.c.teach, Home Buyer in Detroit, MI
Mon Jul 11, 2016
Ross.c.teach asked:
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 0 Answers Share Flag
Vivian PHam, Renter in 11598
Mon Apr 25, 2016
Vivian PHam asked:
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…
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Goldmendal, Home Buyer in Rockford, IL
Fri Apr 15, 2016
Goldmendal asked:
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Jonathan Lah…, Real Estate Pro in Potomac, MD
Thu Feb 18, 2016
Jonathan Lahey of The Lahey Group answered:
Madonnamolloy, Home Buyer in New York Mills, NY
Wed Jan 6, 2016
Madonnamolloy asked:
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0 votes 0 Answers Share Flag
Boltonzruth, Home Buyer in New York, NY
Tue Jul 7, 2015
Boltonzruth asked:
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0 votes 0 Answers Share Flag
Alexiskanee, Home Buyer in South Miami, FL
Thu Jun 11, 2015
Alexiskanee answered:
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 job, move any money around, but you should be fine, most lenders will not draw final loan docs on a loan that can not close unless something happens in your situation like the job loss, etc, but should be fine.

Reference Link: http://titlecompanies.net/
... more
1 vote 14 answers Share Flag
dploves2sell…, Real Estate Pro in Woodbury, NY
Mon Jun 8, 2015
dploves2sellhomes answered:
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 2 answers Share Flag
John Hamidi, Real Estate Pro in Frisco, TX
Sun Jun 7, 2015
John Hamidi answered:
why to buy now ? (its not good time for buyer till end of August

how long you will stay ?
0 votes 1 answer Share Flag
Max Galka, Other/Just Looking in New York, NY
Tue Jan 27, 2015
Max Galka answered:
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, measuring is difficult since apartments rarely have simple shapes

- In my view, it really does not matter so much anyway. What matters more is whether the layout allows you to use the space for what you want: room for children to play? closet space? big kitchen if you like to cook?


I think too many people focus on square footage. Even if it were reliable, I don't think it really tells you all that much.
... more
0 votes 19 answers Share Flag
Christine Ko…, Real Estate Pro in Warwick, NY
Mon Oct 27, 2014
Christine Koenig answered:
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 purchases or open new credit cards from the time they have an accepted offer on a house through the time they close. I also suggest they avoid having their credit pulled by anyone other than a mortgage broker or bank and that if they are shopping rates with multiple lending institutes, they do so within a small window of time so there is a limited impact on their credit score. ... more
0 votes 1 answer Share Flag
James Furlong, Real Estate Pro in Brookline, MA
Mon Nov 18, 2013
James Furlong answered:
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 as more of a legal issue. Provide as much supporting documentation as possible. Offer to provide the full 24% as soon as it arrives - it shows that you have more "skin in the game". Good Luck. ... more
0 votes 6 answers Share Flag
James Furlong, Real Estate Pro in Brookline, MA
Wed Nov 13, 2013
James Furlong answered:
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 of owning the property (taxes, insurance, energy, maintenance, mortgage etc), add on your return and work out what that monthly number is - this is the minimum rent you need to break even when the property is occupied. Work with a real estate agent familiar with the rental market in that neighborhood and determine what is the likely rental income. Bingo - you have the answer to your question "is this the property to buy?". This approach works in high-end markets, subsidized rent markets, all shapes and sizes. And the great thing is - it is SIMPLE and OBJECTIVE. Good Luck. ... more
0 votes 22 answers Share Flag
Blackaspviper, Home Buyer in Shawano, WI
Wed Nov 13, 2013
Blackaspviper answered:
Anna M Brocco, Real Estate Pro in Williston Park, NY
Thu Apr 25, 2013
Anna M Brocco answered:
Why not simply ask your attorney, and or tax professional...
0 votes 1 answer Share Flag
Damoun Yashar, Real Estate Pro in Rutherford, NJ
Mon Jan 14, 2013
Damoun Yashar answered:
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 Group
1115 Broadway Ave, 11th Fl
New York, NY 10010
646.389.2437 (direct)
646.393.4386 (office)
dyashar@newyorkreg.com
www.newyorkreg.com
Like us on Facebook
Follow us on Twitter
View my listings on Naked Apartments

"The Best Compliment I Can Receive Is A Referral To Your Friends And Family."
... more
0 votes 11 answers Share Flag
Damoun Yashar, Real Estate Pro in Rutherford, NJ
Mon Jan 14, 2013
Damoun Yashar answered:
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 shout and I can showcase some of our off-market, short sale and foreclosed properties in the NY area.

Damoun Baruch Yashar
CEO | Licensed NY Real Estate Agent

New York Real Estate Group
1115 Broadway Ave, 11th Fl
New York, NY 10010
646.389.2437 (direct)
646.393.4386 (office)
dyashar@newyorkreg.com
www.newyorkreg.com
Like us on Facebook
Follow us on Twitter
View my listings on Naked Apartments

"The Best Compliment I Can Receive Is A Referral To Your Friends And Family."
... more
0 votes 12 answers Share Flag
Michael Druc…, Real Estate Pro in New York, NY
Fri Jan 4, 2013
Michael Druckman answered:
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 you. ... more
0 votes 7 answers Share Flag
First Last, Other/Just Looking in 90002
Fri Oct 5, 2012
First Last answered:
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 want to know how they got themselves in this kettle of fish in the first place. To owe on tax and water is very serious, it's not like they didn't pay for the spring flowers. Because if a property owner doesn't pay taxes,eventually, it takes a long time, the property can go into tax foreclosure.

Karla Harby
Licensed Real Estate Salesperson
Rutenberg Realty
New York, NY
karla.harby@gmail.com
... more
0 votes 1 answer Share Flag
Semerun, Other/Just Looking in New York, NY
Fri Mar 2, 2012
Semerun answered:
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 apartment to be your primary residence. ... more
1 vote 2 answers Share Flag
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