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10475 : Real Estate Advice

  • All5
  • Local Info1
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 4
Thu Jul 25, 2013
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
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Mon Feb 11, 2013
Mildred Valentin answered:
Hi Natalie,

NEVER ever sign anything with blank spaces. Are you dealing with a manangement company or an individual landlord? I do leases all the time and deal with different management companies. If its a legible lease I never leave blank spaces. Make sure you have inititialed and verified information on every page.
You want to verify all information you never know if you have to go to court one day or an issue arises. If they won't give you an amount, write 0 in there. Make sure you make a copies before giving it back to them - in case they change the amount after you sign (you just never know?). Then you might have a Landlord/Tenant Issue and will have to dispute in Housing Court. The number to the Bronx Housing Court is (718) 466-3025.

Best of Luck!

Mildred Valentin
3928 E. Tremont Avenue
Bronx, NY 10465
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Sat Jun 30, 2012
Edwards Properties answered:
You absolutely have options out there. For the best course for you, you really need to consult with your attorney. If you do not have one ask your agent to recommend a few who could review the contract and letter.
Best Wishes!
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Fri Oct 15, 2010
Mildred Valentin answered:

Here is some great information on Contingencies......

Anyone who is thinking of purchasing a home or has ever owned a home has heard about contingencies. What are contingencies?

Contingencies are clauses in a real estate contract that stipulate various conditions that must be met by the buyer and the seller for a sale to go through. For example, many buyers write into the contract that being able to close on the sale of their own home is a condition of the offer to purchase the new home. That way, if the sale of their own residence falls through, they will not be obligated to go through with the purchase of the new property.

For buyers, contingencies are important because they can cover them should they be unable to fill the obligations of the contract, or should they decide that they no longer want to purchase the property.

Some buyers -- especially in heated markets where several people may be interested in buying a particular home -- may be tempted to do without contingencies, in order to make themselves look more appealing to the seller and to win in a bid for the home.

But that's not a smart move -- it's essentially like working without a safety net. A contingency is a buyer's backup plan -- if a buyer is working with a good real estate attorney or a smart real estate professional, he will have several contingencies written into the contract to back him up.

After all, when you sign a contract to purchase a home, several thousand dollars -- and possibly, several hundred thousand dollars -- are at stake. Those aren't small potatoes.

These are some of the more prevalent buyer contingencies that are written into contracts, and some you may want to consider writing into your own contract should you think about purchasing a home:

Mildred Valentin,
Exit Realty
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