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10022 : Real Estate Advice

  • All50
  • Local Info0
  • Home Buying22
  • Home Selling7
  • Market Conditions3

Activity 43
Jackie R, Home Buyer in New York, NY
Fri Dec 9, 2016
Jackie R answered:
I would research closing costs first (http://www.hauseit.com/closing-costs-nyc/) and speak with a mortgage banker ASAP to get a pre-approval letter. You'll know what you can afford then.

The first step to take is to decide whether you want to work with a traditional broker (and pay 6% commission) or do it yourself.

If you do it yourself, you should consider using a flat fee RLS listing so you can get exposure to the 90% of buyers who are represented by agents. Plus, it's cheaper and way more effective than listing it as a traditional "FSBO" on just StreetEasy or Zillow. Work with a reputable local FSBO company like Hauseit so you can make sure you don't just get listed on a random MLS not applicable to NYC.

Good luck!
... more
0 votes 10 answers Share Flag
Alpay, Home Buyer in New York, NY
Mon Nov 21, 2016
Alpay asked:
Hello,

I'm the founder of Furnishare.com. I saw furniture store ads while browsing your site and was wondering if how we could advertise with you as well.

Could you please advise?…
0 votes 0 Answers Share Flag
Targa66, Home Buyer in Queens, NY
Wed Oct 19, 2016
Targa66 asked:
I have an accepted offer on a co-op. I am awaiting the sponsor's acceptance of my purchase application, and then we will move to due diligence before signing contracts. However, this could…
0 votes 0 Answers Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Sat Jul 23, 2016
Kathy Burgreen answered:
Trobinson.ur…, Home Buyer in New York, NY
Tue Jun 14, 2016
Trobinson.urbanrealty answered:
Mia.weinert, Home Buyer in Tempe, AZ
Sun Nov 15, 2015
Mia.weinert answered:
does anyone know the answer to this question for Arizona?
0 votes 7 answers Share Flag
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Sat Sep 19, 2015
Debra (Debbie) Rose answered:
Well, I wouldn't expect a seller to pay me a commission if they changed their mind about selling, and withdrew the house from the market..............especially considering nothing has been signed.

Doubt you will be liable for the fee, but why not ask your agent directly?? (read your listing agreement, and see what it says!)

Good luck!
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0 votes 1 answer Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Tue Aug 18, 2015
Scott Godzyk answered:
They can, but it may be against the lease and law. For legal questions, you should ask a lawyer and or google landlord tenant law for your state. You may have to begin eviction.
0 votes 2 answers Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Fri Jun 26, 2015
Christopher Pagli answered:
The rates are projected to go up later this year. You can always purchase points through a mortgage broker and get a better rate. Since you have excellent credit already you may not have any issue getting the lowest rate possible. If you need a mortgage broker reference I would be happy to provide one. I personally feel you can wait until fall. You are smart by making the minor repairs and doing things right from the beginning rather then wishing you had down the road.

Christopher Pagli
Real Estate Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
914.406.9023

chris@legendsrealtygroup.net
... more
0 votes 24 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Fri Jun 5, 2015
Scott Godzyk answered:
Many home owners try it because they think it is so easy to sell their home and they want to save the commission. They often find it was not so easy. Buyers go to fsbo's to save money and therefore offer less. They look to take advanatge of sellers who may have not priced their home home properly. Many fsbos give up out of frustration and soon learn a good listing agent can mor ethan cover their fee with a quicker sale at the best obtainable price. ... more
0 votes 6 answers Share Flag
Steve Riddle, Real Estate Pro in New York, NY
Mon May 25, 2015
Steve Riddle answered:
Hello Jessica,
I would need to speak with you to help you come to a simple proforma outline in this situation. You very well might be able to enter into a management agreement and lease the unit out on a long term basis. You may contact me by clicking on my picture, Ill try to answer your questions in a more private fashion. ... more
0 votes 5 answers Share Flag
Shadhin Khan, Home Buyer in New York, NY
Mon Apr 20, 2015
Shadhin Khan asked:
http://losangeles.craigslist.org/sfv/lbs/4987760131.html
0 votes 0 Answers Share Flag
virtualellie, Other/Just Looking in New York, NY
Tue Mar 31, 2015
virtualellie asked:
Clients are husband & wife...
Wife sees an apt with agent from "brokerage A" and signs registration form/ fee agreement.

A few days later, husband sees same apt with an agent from "brokerage…
0 votes 0 Answers Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Wed Mar 18, 2015
Kathy Burgreen answered:
I'm a retired realtor & I know the majority of co-ops in NYC & the suburbs do not allow prospective buyers to rent or sublet their units until a minimum # of years living in their unit. You should tell your client the following:
Co-ops were designed as an alternative to buyers who are priced out of purchasing a condo. Co-ops is a shareholder agreement between the shareholder buyer and the building's Board of Directors. Every co-op Board of Directors has a set of House Rules that every shareholder needs to abide by. Among the rules is a clause that states shareholders cannot rent until a minimum number of years residing in their unit. This is done so the building has a low renter vs high ownership ratio. Further, mortgage lenders refuse to give mortgages to prospective buyers who plan to purchase a unit in a co-op with a high renter ratio. That makes it difficult for the seller to sell their unit & the seller has to resort to cash only buyers.

Explain to your client that there is a miscommunication between him & his brother or if his brother did rent immediately after purchasing a co-op, find out if that particular co-op has a high renter ratio. If there is a high renter ratio, then you client needs to buy into those co-ops, but he needs to understand the difficulty he will have to sell it.
... more
0 votes 1 answer Share Flag
Steve Riddle, Real Estate Pro in New York, NY
Thu Feb 26, 2015
Steve Riddle answered:
Trulia is not privy to certain proprietary info such as a buildings Financials.These buildings have no reason to want to disclose this info and the brokers are bound by the House rules "in best Interest " clause there in.
You may contact me by clicking on my picture, Ill try to answer your questions in a more private fashion
... more
0 votes 4 answers Share Flag
Krystyna Rac…, Real Estate Pro in New York, NY
Sun Oct 19, 2014
Krystyna Rachtan answered:
Hi Julia,

For information related to purchasing an apartment in Manhattan, you can read this webpage from our website:
http://www.nyhome.com/buyer-services1.html
We specialize in working with foreign buyers.

Best regards,

Krystyna Rachtan, Licensed Real Estate Broker
Phone (212) 991-8072 Email: kr@nyhome.com
NEW YORK HOME REAL ESTATE SERVICES, INC.
295 Madison Avenue, 12fl, New York, NY 10017
... more
0 votes 21 answers Share Flag
Michael Druc…, Real Estate Pro in New York, NY
Tue Sep 16, 2014
Michael Druckman answered:
Michael Druc…, Real Estate Pro in New York, NY
Mon Sep 15, 2014
Michael Druckman answered:
Trulia has both. For a short term rental you would be best served working with a local broker..
0 votes 9 answers Share Flag
Michael Druc…, Real Estate Pro in New York, NY
Mon Sep 15, 2014
Michael Druckman answered:
Every area of the city offers different experiences. Visit different sections, walk around and soak in the atmosphere and see what feels right. No one can really answer this question for you. ... more
0 votes 9 answers Share Flag
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