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11691 : Real Estate Advice

  • All20
  • Local Info0
  • Home Buying3
  • Home Selling7
  • Market Conditions0

Activity 14
Wed Jun 11, 2014
Anna M Brocco answered:
You should ask your attorney the question; be mindful that rates vary, each sets his/her own fees...
0 votes 1 answer Share Flag
Sat Jan 25, 2014
a.ortiz asked:
i purchased anew constructed 3 family investment home in 2004.. i am now trying to find my builders information but i dont know which documents they would be in ... i have a large file…
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Sat Jan 25, 2014
Anna M Brocco answered:
You really should be asking your attorney and or tax professional the question, either party can better advise.....
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Sat Jan 25, 2014
Sanjeev Ahuja answered:
Mr. Ortiz: I would think it will be the other way around, meaning you will increase your cost basis by $15,000, so your net profits will be $100,000-$15,000= $85,000. The formula for calculating your profit, if you are showing this property as primary residence is a bit complex, but the main point would be that depreciation portion of the deduction for the 2 units that were rented out over the years will be added up to figure out how much in gain you will have for tax purposes. Since your tax advisor will have all your previous tax returns and cost of repairs and other items that go into figuring out the cost basis, he/she should be your in the best position to answer. Thanks ... more
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Tue Jan 21, 2014
Stan Tobiason answered:
Talk with you lender and the title company. They will have a full break out of rates and costs.
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Tue Jan 21, 2014
Anna M Brocco answered:
Keep in mind that seller's oncessions don't really cost you anything, however the property needs to appraise at the higher number; so you really should be having this discussion with your agent, what route is he/she suggesting.... ... more
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Sat Jan 11, 2014
Anna M Brocco answered:
If you have an attorney involved, discuss the lis pendens with him/her. Keep in mind that not all online information is accurate, so again discuss with your attorney...
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Fri Sep 6, 2013
cheryl rosenthal answered:
Hi we buy all cash call 718-528-0645 looking for 3 family house in Rockaway
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Sat Aug 13, 2011
Joseph Runfola answered:
Average price per square foot for Far Rockaway NY was $229, an increase of 9% compared to the same period last year. The median sales price for homes in Far Rockaway NY for May 11 to Jul 11 was $332,154 based on 78 home sales. Compared to the same period one year ago, the median home sales price decreased 3.7%, or $12,846, and the number of home sales decreased 25.7%. There are currently 220 resale and new homes in Far Rockaway on Trulia, including 1 open house, as well as 66 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Far Rockaway NY was $441,545 for the week ending Aug 03, which represents a decrease of 1.1%, or $5,084, compared to the prior week. ... more
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Wed Aug 18, 2010
Anna M Brocco answered:
A short sale occurs when an owner has proven hardship to the lender and the lender agrees to accept less than owed. Keep in mind that the seller can accept whatever offer he/she wishes, however the lender decides to accept, reject or at times counter offer--they are by no means fast sales, unless already pre-approved by the lender. ... more
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Tue Aug 17, 2010
Ralph Windschuh answered:
Hey Kim:
Without knowing what exactly you want and where you it, it's difficult to assist you. Currently, there are 208 listings for apartments in Queens at 1200 or below. Please feel free to contact me.

Ralph Windschuh
Century 21 Princeton Properties
... more
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Sun Feb 7, 2010
Sam Thompson answered:
The solution here is to get with a loan officer that can direct you as to what you need to do to establish your credit....It depends on where you have been as to how long it will take....but there is no better time to start than the present.....Good luck! ... more
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