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10012 : Real Estate Advice

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  • Local Info2
  • Home Buying20
  • Home Selling5
  • Market Conditions1

Activity 34
Tue Nov 15, 2016
rcrcook answered:
Are you trying to hire him? If you have a doubt about his competency or ethics, there are 30,000 others you can choose from!
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Fri Jul 1, 2016
Tonyhoward255 answered:
Hey .. Buyer agent commission rebates in NYC are fully legal. It would be pretty silly to buy a property in NYC without taking advantage of this, considering that sellers are paying 6% in total commissions regardless of where the buyer comes from (buyer's agent or unrepresented, etc.).

But it seems that so many agents in NYC were in denial / not telling buyers about this beneficial program to the point where the NY attorney general actually had to send out a press release to NYC real estate agents and the public reminding them that NYC broker commission rebates are fully legal!

You really can't make this stuff up! NYC brokers have it really, really good it seems.

See here: http://www.ag.ny.gov/press-release/ag-schneiderman-urges-brokers-and-home-buyers-new-york-take-advantage-law-allowing
... more
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Fri May 13, 2016
Kilgyat265 asked:
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Sat May 7, 2016
CL answered:
1. You wont get a loan
2. Makes little sense to drop 100k down on a shoddy studio in NYC.


You can rent a much nicer 1-2BR for cheaper - and use the money to buy a home out of the state for rental cash flow. You'll get the same thing in regards to quality of life/apartment space but far more cash in your hands. ... more
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Sat Apr 16, 2016
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Fri Feb 19, 2016
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Fri Feb 19, 2016
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Thu Sep 10, 2015
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Mon Jul 27, 2015
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Sat May 2, 2015
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Tue Apr 21, 2015
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Sun Apr 19, 2015
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Fri Mar 27, 2015
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Thu Mar 26, 2015
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Sun Mar 22, 2015
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Thu Mar 19, 2015
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Fri Mar 13, 2015
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Wed Mar 11, 2015
awaisshakh46789 asked:
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Thu Feb 12, 2015
Alan May answered:
The fact that you're paying cash, shouldn't be the trigger to increase your earnest money. But the seller's agent, at the seller's direction, can request anything they want. You don't have to agree... and there is no law, that I know of, that regulates what they can request.

If you're concerned that a law has been broken, consult with a real estate attorney. While I am an Illinois real estate agent, I do not practice law, and this should not be considered legal advice.
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