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Alden Manor : Real Estate Advice

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Activity 16
Tue Jan 31, 2017
Archflorante_tugay asked:
the closing of the house didnt materialized due to some problem in the house last december 2016. Seller gave the money back to our agent.
0 votes 0 Answers Share Flag
Sat Jan 28, 2017
Malgorzata Ringston answered:
Yes you can use your lender. Process can take sometimes long time but once they accept your offer you must be ready for the purchase contract that the buyer and the seller sign.
Earnest money deposit. To the bank reviewing the offer, a sizeable deposit means the buyer is a serious buyer. An earnest money deposit will be considered part of the down payment.
Pre-approval letter as proof that the buyer has the ability to purchase the property at the proposed price.
Information about recent home sales for similar properties in the same area that show prices comparable to what the buyer is offering to pay for the property.
Good Luck!
... more
0 votes 1 answer Share Flag
Thu Jan 19, 2017
Malgorzata Ringston answered:
I can help. You can call me or email at Mringston@Exitlinksrealty.com
or 516-532-2153
0 votes 1 answer Share Flag
Wed Aug 26, 2015
Oleg Volfman answered:
Hello Otis.

I have done just that in the last year with 2 properties. It is not easy, somewhat "interesting", but very doable. And Kathy is right, the contract has to be very specific in what the steps are in this chain of events.

If you have any questions, please contact me and I can explain exactly what I did in the past with this kind of situation.

Thank you, and Good Luck.

Oleg Volfman
Exit Links Realty
917-685-0489
... more
0 votes 2 answers Share Flag
Thu Feb 21, 2013
Anna M Brocco answered:
Depending on the area it cpuld be a supply/demand situation. Check http://www.mlsli.com or work with an agent; also check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc. ... more
0 votes 2 answers Share Flag
Sun Feb 3, 2013
Darryl Joyner answered:
Thu Jan 24, 2013
dpost answered:
Yes, we have grants for rehab and downpayment in Long Island. Please call 914.595.0979 and speak with Julie Stern about the application process.
0 votes 5 answers Share Flag
Fri Oct 12, 2012
dpost answered:
Community Housing Innovations, Inc., a HUD approved non profit housing counseling agency, has grants for downpayment and rehabilitation costs. You can review the programs and sign up for an orientation workshop at www.chigrants.org. ... more
0 votes 4 answers Share Flag
Sat Sep 22, 2012
De Vonte Williamson answered:
First and foremost, I commend you in your decision to buying a home. It is an excellent time to do so. Home prices are still relatively low, and interest rates are at historic lows. Try talking to neighbors, checking out crime statistics with the local police department, etc. A licensee cannot comment on the "desirability" of a particular neighborhood and/or development.

The best advice I could give you is to drive around and get a feel for yourself.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.

Wishing you the best of luck,


De Vonte Williamson
Licensed Real Estate Salesperson
Proudly Serving Long Island
Coldwell Banker Residential
Direct:(631)638-6193
Mobile: (631)384-3695
cbmoves.com/DeVonte.Williamson
"I Stand Behind Getting You Results!
... more
0 votes 3 answers Share Flag
Mon Jun 18, 2012
Anna M Brocco answered:
Do you mean loss mitigation...if not, it could mean they have begun foreclosing; you can check with your local county clerk to see if any notices were filed. For any necessary legal advice do consult with an attorney who specializes in real estate.... ... more
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Sat May 12, 2012
Debra (Debbie) Rose answered:
If you are asking about zillow's famous/infamous "zestimate", then, it is not an accurate estimate of market value AT ALL!
There is a wide percentage it can be off - either higher or lower.

It is based on a mathematical algorithm(calculation) that compiles public data.....it does NOT take into consideration many of the factors (location, updates, condition, etc) that help determine the market value of a home.

If you want real comps and an estimate of value .............speak to a local agent.
... more
0 votes 2 answers Share Flag
Wed Jun 29, 2011
Annette Levinson answered:
When you got your preapproval, didn't the loan officer go over closing costs with you? Closing costs are going to be determined by the mortgage you are getting FHA or conventional? Setting up the escrows for real estate tax and homeowners' insurance also go into the closing costs. Do you know the real estate tax? Let me know if you want a GFE. ... more
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Tue Dec 7, 2010
Anna M Brocco answered:
Without much information---Review your lease agreement as the answer may be found in it--for any legal rights you may have, do consult with an attorney who specializes in real estate, see exactly what options you may have. ... more
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Sat Aug 8, 2009
Anna M Brocco answered:
Contact any qualified loan officer and see what your budget can handle first; if your credit and and financials are in order ask for a mortgage pre-approval, and then ask away any questions you may have regarding the tax credit.

Anna
... more
0 votes 3 answers Share Flag
Wed Dec 26, 2007
Gail Gladstone answered:
Your downpayment has nothing to do with closing costs, nor does the amount of the home you are purchasing. You should prepare for about 4% in additional closing costs; your loan officer will provide you with an estimate of projected costs. ... more
0 votes 9 answers Share Flag
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