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Home Buying in 11213 : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying14
  • Home Selling1
  • Market Conditions0

Activity 13
Fri Feb 17, 2017
Ed Lackey answered:
Gregory,

I've had great luck with http://www.rentprep.com/ and they have actual agents in the office to answer your questions.

I know they offer "TRULIA20" as a promocode for first time users too.

Good luck!
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5 votes 3 answers Share Flag
Wed May 11, 2016
Kathy Burgreen answered:
I'm a former realtor & NYC area resident my entire life. Unfortunately, I need to tell you the truth.

1. Your budget is too low. If you want a spacious 2 family home in Queens or Brooklyn, you need at least $800,000. You also need cash for a down payment + cash to pay closing costs.

2. Rooms inside New York City 2 family houses are small. A spacious 2 family house should have at least 2,500 square feet of living space. 2,000 sq. ft. means the house is an average size 2 family. Anything under 2,000 sq. ft is tiny. I sold a 2 family house with 3 bedrooms each and 2 kitchens. The house is in Yonkers (Westchester County). The 2 living rooms were small and all the bedrooms were small. The 2 kitchens were small - average size.

3. A 2 family house in the suburbs is cheaper and you could buy one in Yonkers or Mount Vernon for $600,000. Another one is New Rochelle but you will need at least $650,000. You should also try Nassau County and other neighborhoods in Queens. Have you looked at Staten Island? They have 2 family houses that are cheaper than Queens & Brooklyn.

4. You will have difficulty finding a realtor because they need to get paid a commission and once they hear the amount you are pre approved for and buying a 2 family house, they will turn you down because of everything I pointed out to you.

Good Luck.
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1 vote 1 answer Share Flag
Tue Feb 24, 2015
Alexander Korotkiy & Amy Koh Team answered:
Melanie,

You can call any reputable Broker in the area and they will be able to assist. This usually is not an issue as most qualified brokers will know the process
0 votes 14 answers Share Flag
Tue Feb 24, 2015
Alexander Korotkiy & Amy Koh Team answered:
The inventory is usually higher and going faster in the spring time after all the winter holidays and winter weather however this doesnt mean that you should delay your search. There is always a good deal out there Winter, Spring, Summer or Fall ... more
0 votes 3 answers Share Flag
Mon Feb 2, 2015
Natallia Nosovicki answered:
Hello Nechama,
Great question!
Trulia is an amazing website to gather info and browse for properties. However, like almost any other public real estate website it contains a lot of listings that have never been updated which can create some confusion. Say, the property could have been sold a few years back but its status has never been updated on the website so it's still hanging among the listings as ACTIVE. That's why it's much more efficient to work with a realtor who has access to the freshest property data in the area that you are looking for. This will save you tons of time and energy and will make the whole process of purchasing so much more enjoyable. Plus, working with a buyer's agent is FREE of charge to you! ... more
1 vote 4 answers Share Flag
Thu Sep 25, 2014
Sally Grenier answered:
A short sale means the seller owes more on it than what they can sell it for. So, the seller's lender needs to approve the short sale, and basically forgive the difference. Short sales aren't easy and can take weeks, or months or even years to complete. And you're not going to be getting that great of a deal. Usually the bank will only approve the deal if they can get "fair market value" for the house. In other words, they aren't just going to give it away. It gets more complicated if there are other lien holders involved (i.e. if there's a second mortgage, or an HOA lien, etc.).

There have been some instances where the short sale goes smoothly and the buyer gets a decent deal. But those cases are few and far between. Sometimes you can wait months and months for short sale approval and it never comes, and the bank decides to foreclose on it. Then you've wasted all that time, and let other properties come and go.

I tell my buyers to stay away from them.
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0 votes 1 answer Share Flag
Fri Oct 25, 2013
Kathryn Lilly answered:
It is best not to speculate why people do or do not things; I am referring to buyers, sellers, brokers and the many others involved in the buyer/seller decisions as to why they buy or sell or do not.
All you can and should concern yourself with is; is this a good match for me?
Have your own inspector inspect the condition of it, walk around the neighborhood as much as possible and feel it out, look at everything else on the market at this time in the vicinity....make your own decisions and move on.
Do not concern yourself with how much the current owner paid for it or what someone told you that happened to it years ago or any of the babble that swirls around in peoples minds as to why and who and how... Go see it, insect it, feel it, walk around...if you like it and can afford, what does it matter how long it took to sell or why?

All the best,
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
KLilly@RealtyontheGreene.com
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0 votes 2 answers Share Flag
Mon Mar 11, 2013
Alison Hillman answered:
Hi Joseph- I'd recommend you work directly with an agent: http://www.trulia.com/voices/directory/11213-agent--44200

Hope this helps,
Ali, Community Manager
0 votes 1 answer Share Flag
Sat Oct 31, 2009
Joseph Runfola answered:
Do you mean buying a house that is already section 8 approved with section 8 clients in it? Property owners interested in leasing apartments to Section 8 voucher holders may contact either NYCHA or HPD, or both.

NYCHA's Section 8 - Call the Landlord Outreach Hotline at 212-306-8555.

HPD's Section 8 - Call the Owner Registration Unit at 917-286-4300 to obtain information about the program and how to lease to Section 8 clients.
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1 vote 2 answers Share Flag
Mon Jun 2, 2008
; answered:
Louis- buyer agency has arrived in New York, providing buyers with someone who is operating on behalf of the buyer. While it might be hard to locate in Brooklyn at this point, that is changing. Don't rely on a verbal "I have your best interest in mind" when you can very easily obtain that "promise" in writing, via a New York Department of State required disclosure. ... more
0 votes 19 answers Share Flag
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