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10601 : Real Estate Advice

  • All26
  • Local Info4
  • Home Buying14
  • Home Selling1
  • Market Conditions2

Activity 23
Tue Oct 24, 2017
DEBRA FRAWLEY answered:
Its not the stigma on the recipient but rather what the agency puts the landlords through!!!
0 votes 2 answers Share Flag
Sun Apr 9, 2017
Kathy Burgreen answered:
You cannot qualify for anything now. You need to increase your income, reduce your debt and improve your credit score.

What Gregg Pomeroy does NOT include in his reply is that property taxes and maintenance is expensive in Westchester County. Even if you were to buy a cheap 1 bedroom co-op, you need to be approved by a co-op Board who may reject you based on your finances - EVEN IF your lender approves you for a mortgage.

The average prices for houses in White Plains is $700,000. You can get a fixer upper for about $500,000. but no lender will approve you unless you have $200,000. to fix all repairs. Sellers are not going to spend the money to fix repairs. To afford a house in White Plains, you need a $200,000. income. Since you only make $42,000., forget buying a house. By the way, property taxes on a house in White Plains = $15,000./year.
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Thu Nov 3, 2016
Kathy Burgreen answered:
You don't need an agent anymore. The most important step an agent could have done for you was negotiate on price or show you recent comparable co-op prices that have sold. Since the seller accepted your offer, your next step is to get a real estate attorney to review the contract. You will need to pay the down payment at the time of signing the contract.

Once the contract is signed, if you are getting a mortgage, your lender will ask you to pay for an appraisal. If you are paying cash, you have the option of paying for the appraisal.

The final step is the co-op board application. You will need to fill this out and wait to find out if the co-op Board will accept you as a resident. A realtor has no part in this.
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0 votes 1 answer Share Flag
Tue Jun 7, 2016
USMortgageRanger answered:
That would be something that you would have to log into the VA wed site and discuss with them. If you are still having issues please reach out to me.

Lowell Sterling 469-347-3572
0 votes 1 answer Share Flag
Mon May 16, 2016
Camille asked:
Has anyone gone through the buying process at The Broadlawn complex in White Plains? I've seen a couple units and ask my realtor to put in an offer for me. It's been a while now and each…
0 votes 0 Answers Share Flag
Fri May 29, 2015
Michael Levy answered:
The average price for a 3 bedroom, 1000 sq. ft. apartment will be about $1500 a month to rent or $235,000 to buy. Occupancy rates vary widely throughout the city, but are usually 70-80%. Feel free to contact me if you have more questions.
Michael Levy
Principal Broker at Grand Lux Realty
914-273-9688
Grandluxrealty.com
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0 votes 1 answer Share Flag
Mon Jan 26, 2015
Rey Hollingsworth Falu asked:
In 2014 Gov. Cuomo of New York State legalized a limited medical marijuana policy. The law allows some producers and dispensaries for medical purposes and authorizes patients with one of…
0 votes 0 Answers Share Flag
Thu Sep 18, 2014
Christopher Pagli answered:
The monthly maintenance is primarily based on the amount of shares you have, your pro rata share of the buildings overall property taxes, and amenities. that being said, it's really hard to give you an average without locating specific properties.

Chris
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0 votes 3 answers Share Flag
Sun Jun 15, 2014
Monica Picarelli answered:
Mark, first cost you need to consider is acquiring a building permit for any task. The permit has a cost and in White Plains, NY it will ensure that all the local codes are followed properly. After the job has been completed each permit will be inspected.

You may find a contractor that provides most of these services and can give you an estimate, but since your question covers a wide range of things to be considered your cost will definitely depend on the quality/grade of materials and the finishing touches you may choose.

Separately, you'll need an estimate from a window manufacturer that includes installation. A contractor in this case will be the middle man and you may want to save that extra $. I suggest you to go directly to the manufacturer.

If you are not a contractor, there are sites that connect you with local ones. Most sites rate them by verified customers. Also, these sites check the compliance of the contractors regarding their license, insurance, works comp.. Just to name a few you can check Home Advisor, Home Builder Contractor and Builder Directory.

Have in mind that well known contractors not necessarily have better quality of work. You want to feel that you are their only customer. That is how I want to be treated and treat my clients as well.

I hope you have a great time and success with your project.

Monica Picarelli
Real Estate Salesperson
Keller Williams NY Realty
120 Bloomingdale Rd suite 101
White Plains, NY 10605
Cell 914-434-4138
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0 votes 1 answer Share Flag
Thu Jun 13, 2013
Arline Lane answered:
Arline Lane, Associate Broker, Houlihan Lawrence, White Plains

One bedroom apartments at the Residences at the Ritz-Carlton are only on the 18th floor and below so they don't have the spectacular high-in-the-sky views of the tower units. Nonetheless they are now in demand and only one small one is currently for sale. As with all the apartments at the Ritz, prices came down substantially during the worst of the recession when I represented a seller of a one bedroom apartment there who sold considerably below the amount at which he bought it. Prices are now climbing back up as illustrated by the increased prices of the remaining two bedroom apartments in Tower 2. Since homeowners seeking to downsize to an apartment from a house are now able to do so and there is considerably more traffic in Tower 2 than there was when homeowners couldn't sell. In my professional opinion, prices at the Ritz will increase over time. The reason? The Ritz is the newest luxury building in the city, there is no other similar construction underway here or in the planning phase. It will take years before there is another option in luxury living in White Plains and prices and mortgage rates are favorable so if you can find a one bedroom to purchase at the Ritz, do it! ... more
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Thu Jan 31, 2013
Michael Levy answered:
Hi Kim: I'll be happy to help you with your search. I can provide for you a unique value analysis which will help you determine the direction of values in this building & even in this segment (which includes other buildings in the area). Best of all, I can do that for you for free. In an unbiased way that puts no pressure on you & helps you analyze the market. I look forward to speaking with you. Please call me at: 914-273-9688. Sincerely, Michael F. Levy, Principal Broker, Grand Lux Realty. www.GrandLuxRealty.com.

We're looking for more agents & offer commission splits up to 90% with no fees.

If you know anybody who might be interested I'll pay you up to $2,000 each for your agent recruits.
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0 votes 8 answers Share Flag
Thu Oct 27, 2011
Steven S. Geiger answered:
Ann,

You seem to want to remodel and renovate a home. Even limiting to this,your question covers a wide range of things. The cost depends on the quality of materials you chose, your contractor and the ultimate finishing touches. I really do not want to quote numbers because knowing the right people and where to get materials, appliances etc can significantly bring down your costs.

If you need any guidance, I would be glad to assist.

Steve Geiger
Associate Broker
HoulihanLawrence
White Plains Office
914-263-5275
sgeiger@houlihanlawrence.com
... more
0 votes 4 answers Share Flag
Sun Jan 9, 2011
Richard Herrera answered:
Hi sally

These buyers are hedge funds and private investor groups and they only buy REO AND NPN in bulk mainly from banks and lending institutions, but I also own a short sale business and do most of my business in westchester, you can check my site.

http://www.herrerainvestments.com
... more
0 votes 2 answers Share Flag
Thu Dec 2, 2010
Donald Mituzas answered:
It seems to me that it becomes illegal when you are talking directly with the bank to convince them to accept a deal that is substantially below market value and trying to sell it at market value at the same time. I've closed short sales representing both buyers and sellers in different transactions. I've helped owners sell their property via the short sale and helped them salvage their credit rating to some degree. Hopefully when the economy and their financial situation turns around they may again become homeowners. If I were to let you handle negotiations with an owners bank then I would be ignoring my responsibility as their agent. I've also seen those who want to tie up a property and will not close until they have a buyer for the property they are purchasing. That puts the homeowner in worse shape then they started out. Sorry, I don't buy your plan. If it walks like a duck..........
Don
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0 votes 8 answers Share Flag
Tue Mar 23, 2010
Anna M Brocco answered:
Until there is an executed contract--signed by all parties and money was exchanged you are free to look at as many properties you like and if something better comes along you can make an offer--your attorney can also advise you regarding the issue. ... more
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Sat Aug 29, 2009
Anthony Crecco answered:
hi. i think its a nice place, but over rated and over priced
0 votes 5 answers Share Flag
Sat Oct 25, 2008
Ruthmarie Hicks answered:
It's not a matter of better - its what you like. One thing you should do is check out the immediate area. For example, Bryant Gardens is near a very upscale neighborhood and a golf course which is nice for walking. If that is something that means a lot to you, you should let that guide you. If being near the center of things is important to you - let that guide you. Both areas have distinct positives. It's more a matter of personal preference. ... more
0 votes 7 answers Share Flag
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