Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 10708 : Real Estate Advice

  • All58
  • Local Info7
  • Home Buying22
  • Home Selling6
  • Market Conditions1

Activity 22
Sat May 27, 2017
Kathy Burgreen answered:
As a recently retired realtor in Westchester (I did serve Bronxville), you cannot buy a co-op unit and have your sister live there. You need to know that co-op Boards review applications from buyers and decide whether to accept or deny the buyer. It needs to be based on finances but New York State does not have any laws that dictate what guidelines co-op Boards need to follow. Therefore, every co-op Board has their own criteria and guidelines on who to accept or reject.

However, since I'm a VP of my co-op Board and a former realtor, I do know the following applies across all co-op Boards in New York City and the suburbs:

1. The person applying to purchase the co-op unit MUST live in the unit. Co-op Boards do not accept investors, foreigners or family members who buy a unit and do not live there.
2. The person (couple) occupying the unit MUST have an income to pay their mortgage (if any) + the monthly maintenance fee + utilities + transportation costs. If the person is retired, they must prove their savings or investments is sufficient enough to pay the maintenance fee every month on time.
3. Co-op Boards cannot discriminate buyers based on any of the categories in the Fair Housing law. In Westchester County, co-op Boards must accept SSI as a source of income.

Based on the above, the issue is your sister's SSI income is acceptable but SSI is not enough to pay for the monthly maintenance + utilities + food. Even if you paid for the co-op unit in cash, your sister's SSI income is not enough to pay for the monthly expenses and every co-op Board will reject your sister because of this. You need to understand that housing and cost of living in the New York City suburbs is very expensive. SSI income is very low. It would be much better for your sister to rent. You can have the landlord put your name down to pay the monthly rent.
... more
0 votes 1 answer Share Flag
Thu Dec 3, 2015
Melissa Colabella answered:
I am a local agent covering the Bronxville P.O. If you have clients looking to move to the area I'm happy to work with you. I agree with Kathy that as a licensed agent, there are Fair Housing Laws we must abide by. However, I am happy to have conversations about which neighborhoods are "artsier" than others. We have a strong art community in the Rivertowns here in Westchester. ... more
0 votes 2 answers Share Flag
Sun Oct 11, 2015
Jordanmiller999 answered:
No, its abnormal:) as if your offer has been accepted it doesn't matter how many they get after. You're IN and thats it unless you back out.
If you were the seller and they got multiples after you have been accepted yes that would be "normal" to be upset.
Id be happy if I were you, in a normal way.
... more
0 votes 10 answers Share Flag
Wed Oct 29, 2014
Christopher Pagli answered:
Maintenance fees are typically associated with coops. they include your pro rata share of the buildings property taxes, master insurance policy, and care for the grounds. HOA stands for home owners association and is typically concentrated in a development. The HOA fees tend to include the maintenance for common areas or amenities.

Christopher PAgli
914.406.9023
... more
0 votes 3 answers Share Flag
Thu Feb 7, 2013
Robert Granata answered:
I have one available in Fleetwood . . . In addition, I will gladly contact any rental in the area to see if they will do a rent to own.

Robert Granata, Associate Broker
Houlihan/Lawrence Realtors
521 California Road
Bronxville, NY 10708
Direct Line 914 668-9514
FAX 914 307-1684
http://robertgranata.houlihanlawrence.com


Recipient of the 2010, 2011 and 2012 Five Star
Awards for customer satisfaction
... more
0 votes 2 answers Share Flag
Thu Jul 5, 2012
Lisa Loeb answered:
Dear JB,

I hope you were able to resolve the bidding issues on your purchase.Hope you bought this home.
If not please feel free to contact me with your home buying needs.

I am Top Certified Buyer's representative in the Westchester/Putnam Area.


Thank you,
Licensed Realtor
Lisa Loeb
914-582-2904
www.GrandLuxRealty.com
... more
0 votes 10 answers Share Flag
Thu Jul 5, 2012
Lisa Loeb answered:
Dear Lily,

It all depends on the two parties and how quickly they sign the contracts and when the buyer recieves the commitment letter from the mortgagor.The average time for a cash deal is one week.The rest all depends on how fast the inspection and appraisal are done.

Hope this helped your answer.I am free at anytime to assist you in all your real estate needs.

Thank you for inquring on Trulia about your home buying needs.

Lisa Loeb
914-582-2904
www.GrandLuxRealty.com
... more
0 votes 4 answers Share Flag
Wed Mar 28, 2012
Mack McCoy answered:
It seems, JB, that you didn't "lose," you were outbid. This happens.

I once met an agent who brought an offer on one of my listings in a multiple-offer situation, and he sat down in front of me and my sellers, and proclaimed that, "I never lose in multiple-offer situations." He won this one, too, with an escalation clause $5000 over any competing offer.

You should know that sellers are usually - not always, but usually - inclined to go with the party with the best offer, and if you think that your agent should have talked you into offering more than asking price to start with, then; yes, it is time for you to get a new agent.

I am not going to concur that sellers are greedy and unfair when trying to pick up another 3 or 4 points on a real estate transaction, especially if they've seen values falling by more than that every recent year.

All the best,
... more
0 votes 9 answers Share Flag
Mon Mar 26, 2012
Fred Nussen answered:
Hi : Yes, it a good ideal to read the minutes of co-op board and you should let a good real estate lawyer to review it for you. And you should inspect the whole co-op aptment to make sure anything is in working order.
You may be responsible for certain repairs.

Please bear in mind you need a good buyer agent like myself working for you to make sure you find the right coop you are interested in buying.

I would love to help you with your real estate needs.

You can contact me @ 914 320-2639 or E-mail Fred@FredNussen.com

Fred Nussen
Licensed Associate Broker
Delphi Real Estate
Buyer Agent
... more
0 votes 9 answers Share Flag
Sat Mar 24, 2012
Michele Pagnotta answered:
Bankruptcy recovery time is about 7years vs. short sale which is about 2+ years.. Depending on your circumstances.

Best,

Michele Pagnotta
www.michelepagnotta.com
Houlilhan & O'Malley Real Estate Services ... more
0 votes 2 answers Share Flag
Sat Mar 24, 2012
Mack McCoy answered:
Sat Mar 24, 2012
Debby Frank answered:
It is likely, especially if the market shows a continued increase in sales. That said, no one can predict what is going to happen, but I always advise my clients they should not sign a contract unless they are 100% convinced they are going to be happy with their decision. There is always another property coming available, it will depend on your time frame and if time is on your side.

Debby Frank
Keller Williams Realty
(914) 498-5443
debbyshomes@aol.com
http://www.westchesterbydebbyfrank.kwrealty.com
... more
0 votes 3 answers Share Flag
Sat Mar 24, 2012
AnneMarie Encarnacao answered:
Unfortunately, yes! It it is perfectly alright. In NY an Accepted Offer is that, only an Accepted Offer! Until contracts are signed both by the buyer and seller, it is never a done deal.

They must have received other offers after yours and are going to consider all their options.

Good Luck!

AnneMarie Encarnacao, SFR REO
Century 21 Schneider Realty
914-774-2764
... more
0 votes 4 answers Share Flag
Sat Mar 24, 2012
Christopher Pagli answered:
Hi, Many coops have owner occupancy stipulations when it comes to renting, they tend to be strict in Bronxville. An example would be living in the unit for a specified amount of time before you can rent it and then having limitations on the amount of time you can rent.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
914.406.9023
... more
0 votes 5 answers Share Flag
Wed Feb 29, 2012
Debby Frank answered:
A rent to own means the seller wants to sell the property but is willing to give you an opportunity to rent first and purchase at a later date. The terms and conditions are unique to each property and as is with anything else the terms are negotiable. I currently have a 1 bedroom rental option in Eastchester, if you are interested call me and we can discuss further.

Debby Frank
Keller Williams Realty
(914) 498-5443
debbyshomes@aol.com
... more
0 votes 4 answers Share Flag
Sun Jan 8, 2012
Valon Nikci answered:
Hi Ferg,

There's a difference in pricing among the three locations. Our team at Link NY Realty will be able to assist you in explaining the difference. At Link NY Realty we have access to 100% of the properties for sale within your budget and the area of your preference. Moreover, we are the first Real Estate company to offer our buyer client a part of our commission at the closing table. For more info: www.linknyrealty.com
Good luck with home hunting.
... more
0 votes 2 answers Share Flag
Tue Nov 15, 2011
Rosanne Fluet answered:
Hello Dorina!

Great question. Bronxville PO covers parts of surrounding towns which have their mail delivered by Bronxville Post Office. You will find that only the Bronxville Village properties are in the Bronxville School District. The Bronxville Village homes pay higher taxes, relatively. Bronxville Village properties pay school and village taxes to Bronville and, additionally, town and county taxes to Eastchester. Bronxville Village is a village of Eastchester.

You may only use the school district and town facilities of Bronxville Village if you own property in the village.

I hope that answers your questions.

Have a good night!

Rosanne Fluet
Licensed Real Estate Salesperson
Bronxville-Ley Real Estate
... more
1 vote 7 answers Share Flag
Thu Nov 3, 2011
Steven S. Geiger answered:
Thersa,

The streets of Palmer, Pondfield, Midland and Sagamore are easy walks to town. Obviously weather conditions can affect the safeness of your travels. Transporation is available. Depending on what you are looking for there are posibly different alternative solutions

Steve Geiger
Associate Broker
Houlihan Lawrence
9114-263-5275
sgeiger@houlihanlawrence.com
... more
0 votes 8 answers Share Flag
Wed Jul 14, 2010
Priscilla Toomey answered:
Hi David -- Your hypothetical calculation is correct. There is also STAR to consider, which at the moment is approximately $1019/year. Different coops treat the STAR deduction differently -- as a monthly deduction once you have qualified for it, as a deduction off the last one or two months' maintenance, or some other way. That also needs to be taken into account in your calculation, as does any assessment which gets added to maintenance, etc. Please give me a call if I can further clarify this for you: 914-559-8084. ... more
0 votes 5 answers Share Flag
1 2
Search Advice
Search

Followers

318