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Home Buying in Babylon : Real Estate Advice

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  • Home Buying16
  • Home Selling5
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Activity 25
Mon Jan 25, 2016
My NC Homes Team answered:
It's the type of property your buying rather than your credit scores that will impact this. If you're going to live in part of it as your primary residence you can probably find a loan with as little as 10% down. If it's going to be pure investment you're probably going to need a minimum of 25% down. ... more
0 votes 1 answer Share Flag
Fri Feb 27, 2015
Nicholas Campasano answered:
Hey Kim,
Yes buyers can be represented in different ways. I will give you a very brief differentiation.

In the traditional fashion: buyer meets Realtor, Realtor shows buyer a few homes, makes an offer and so on. This scenario is fine and occurs everyday. What many people don't understand is that during this type of transaction I just described the Realtor represents the seller by law. What that means to the buyer is that the Realtor can only disclose what are called material defects (which Realtors must by law) and nothing more.

The second scenario is buyer agency.
New York State offers what is called Buyer Agency in which a buyer can sign a contract to work with a particular Realtor. The advantages of this are that the Realtor now works for the buyer. They are able to disclose certain things that they wouldn't have been able to if they didn't have a buyer agency contract.

That is the difference in its simplest form. There is certainly more that goes into it than that and I could go on for a while. If you would like me to explain this to you more in depth please feel free to contact me at anytime.

Sincerely,
Nicholas Campasano
C: 631-848-6515
E: NickCampasanoRealtor@gmail.com -or- NickC@Century21aa.com
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0 votes 1 answer Share Flag
Thu Feb 5, 2015
Nicholas Campasano answered:
There is metered parking right at the station as well as a few days lots in the area that are pretty reasonable.

This link may be of help to you...
http://en.parkopedia.com/parking/private/parking_for_commuters_by_babylon_train_station/n_carll_opp_lirr_w_side/babylon/

Nicholas Campasano
Licensed Real Estate Salesperson
Century 21 AA Realty
E: NickC@Century21aa.com
C: 631-848-6515
O: 631-226-5995 x206
... more
0 votes 6 answers Share Flag
Tue Feb 3, 2015
Nicholas Campasano answered:
Post "Sandy"
When by the water
1) Was there damage
2) How much is flood insurance
3) How did they repair

When not by the water
1) taxes
2) price
3) updated kitchen/bathrooms
0 votes 11 answers Share Flag
Tue Feb 3, 2015
Nicholas Campasano answered:
You can always call the towns tax assessor for accurate tax figures. If anyone needs help with this I would be more than happy to help.

Nicholas Campasano
Licensed Real Estate Salesperson
Century 21 AA Realty
E: NickC@Century21aa.com
C: 631-848-6515
O: 631-226-5995 x206
... more
0 votes 3 answers Share Flag
Fri Apr 18, 2014
Anna M Brocco answered:
If your property is/was listed with a broker, ask him/her, or directly contact customer service http://www.trulia.com/help/ask/ Be aware that the property may appear on other sites as well, therefore you may wish to Google your address.... ... more
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Thu Mar 27, 2014
Anna M Brocco answered:
MLS does not show the property as available; for available area properties check http://www.mlsli.com the consumer version of MLS, or consider an agent of your own...
1 vote 1 answer Share Flag
Wed Mar 19, 2014
Jeff Mistretta answered:
It's common practice for a seller to provide their buyer with a treatment(with a 1 year guarantee) if termites are detected during the inspection. Termites are extremely common in NY. Most homes have had, have it will have termites in its lifetime.
With that being said, the inspection seems like it was done during a cold part of the year. A time when 'active' termites don't really exist. During this time of the year an inspector is more like a detective searching for signs that termites may exist there. Besides actual wood damage there are very few things to look for. You could Google signs of termites and see for yourself.
I'm sorry that this happened but it's good that you are aware and can maintain the home properly now.
I believe the inspector is being very generous with their offer. Keep in mind, it's only a visual inspection. If he didn't see anything at that time, then he didn't . Good luck
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0 votes 8 answers Share Flag
Fri Jan 24, 2014
Javier Meneses answered:
Lis Pendens means that the owner of the mortgage has filed a foreclosure action on that property. In other words the current owner has not paid the mortgage long enough to force the lender to Lis Pendens.

As mentioned below, just because it's in Lis Pendens does not at all mean that the house is for sale. It doesn't mean that the house is a short sale, or a regular sale, it really doesn't mean anything other than the fact that a Lis Pendens was filed.

In order for you to find a Realtor whose experience suits a particular purchase, you first need to find out what type of purchase you're dealing with. You would have to find out if that house is for sale to begin with.

I have a couple agents I can recommend who are heavily experienced with short sale, foreclosure sales. They have tons of experience with many types of scenarios that involve homes with Lis Pendens, including homes that the bank servicer a assign to them to put on the market to sell. Feel free to call or email me anytime and if be more than happy to give you their contact info.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
... more
2 votes 6 answers Share Flag
Mon Jan 6, 2014
Asedd34 answered:
threaten the inspector!! tell him you will drag his company's name through years of mud and despair on the internet for not catching a major problem which you paid them good money to detect!!
sounds like a half-a$$ inspector to me! didn't notice water damage/intrusion?????

don't just accept this crap,contact the inspector immediately! what the hell did you pay them for in the first place? at least get your money back or warn him of the wrath of hell which shall begin to rain on him for decades to come!.....have a nice day! :)
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0 votes 7 answers Share Flag
Wed Oct 16, 2013
De Vonte Williamson answered:
Hello Keith,

Taxes vary from town to town, county to county, and take into account a number of different factors. Taxes on one property in one town may be $5,000, and a similar house within the same town may have taxes of $10,000. It varies. You should search some general listings in the areas in which you are considering in order to get a general idea of tax ranges. However, in Babylon and Baldwin, you can probably expect to pay anywhere from $6,500 to $12,000 in annual real estate taxes, depending on a number of factors.

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

Wishing you all the best,

De Vonte Williamson , LSA
Experience The Williamson Difference
Proudly Serving Long Island
Top Relocation Associate, 2012
(631)384-3695
"I Stand Behind Getting You Results!"
... more
0 votes 4 answers Share Flag
Tue Jun 11, 2013
kingzucka answered:
Your crazy getting a C of O for every little thing, your taxes will be 20K a yr good luck
0 votes 3 answers Share Flag
Thu Jun 28, 2012
Lisa Palermo answered:
good evening samuel..
im not sure where you are searching for homes, however
the lot sizes on all listing are always included on homes
listed in the long island areas...
please use my website to surf and search for homes..
im sure you will find plenty of useful information there..
then give me a call .. this is my home town area..!!
thanks..

ti be clear on your question.. you are trying to sell your condo and want to know if
your buyer can purchase with an fha loan..?
it will depend on your board's requirements.. and loan to value stats..
also, your board has a debt to income ratio that must be met..
call me..
you are local to my area.

Lisa Palermo
Coldwell Banker Residential
631-921-9979

http://www.cbmoves.com/lisa.palermo

lisa.palermo@cbmoves.com
... more
0 votes 5 answers Share Flag
Tue Dec 14, 2010
Thomas McGiveron answered:
ahhh - big deal, asbestos in the ceiling...lol

I'm sure the seller isn't going to be happy that they've got to have that removed (if it is asbestos). I would do what has been suggested by previous posts - get a sample and have it tested by a professional. Obviously, have a professional take the sample and test it. Do NOT break the ceiling yourself or the seller shouldn't either.

Asbestos is only harmful if it is broken or damaged (frayed or chipped).

Now, if you want to buy the home - then work out a deal. I WOULDN'T just jump to a conclusion and say "it's the sellers responsibility". And I'm not so sure that you can't still close and take care of it yourself.

IF YOU PUT IT IN THE CONTRACT - then yes, it will have to be done BEFORE you close.

let me repeat that - IF YOU PUT IT IN THE CONTRACT...

I'm not an attorney, but if you have a good attorney - and you REALLY want this house, then you may have to work out A DEAL with the seller.

that's all. This is NOT the end all be all.

If you and the seller AND YOUR ATTORNEYS make it out to be a mountain, then traversing the terrain will be extremely rugged. If you just treat it for it is - a simple fix (a test first) - then this will get done.

If you've got a realtor helping you and THEY are treating it like it's some MONUMENTAL deal, then you're done.

It's a real estate transaction - not a NASA Rocket Ship being sent into space to save humanity.

Be cool and you'll get your house.
... more
0 votes 4 answers Share Flag
Thu Aug 26, 2010
Westcott Group answered:
If this is not a legal 2 by certificate of occupancy the only way to rent the house legally is to live in one unit while renting the other. This is known as two family by owner occupancy and requires a permit from the Town of Babylon.. These homes can not be converted to legal 2 families non owner occupied. Only a property that is designated 2 family by C/O non owner occupied can be rented without living there. ... more
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Fri Jun 4, 2010
Diane Davies answered:
Working with a Realtor would be best because the realtor could take all your real estate needs into consideration and email you Everthing - on the market plus those having a open house. Just driving around can waste a lot of you time. ... more
0 votes 21 answers Share Flag
Thu Jun 3, 2010
VaughnWeberLaw.com answered:
Hello,
Deals fall apart all the time because the seller failed to get the required COOs. Be sure to have a hefty sum held in escrow if you decide to close w/o the COOs in place. Good luck!

*This is not legal advice.
... more
0 votes 2 answers Share Flag
Fri May 14, 2010
Westcott Group answered:
Hi
Not sure what the purpose is for you to look for comps, The reason why I ask is that if you are selling a home you may want to get a professional appraisel by a licensed appraiser familiar with your area. If you are buying a home and just want to see what has sold in the area MLSLI.com has sold properties posted.
If you are trying to grieve your taxes you may opt to do either of the aforementioned choices.
Good Luck
Georgia Westcott
The Westcott Group Real Estate Company
17 Deer Park Ave
Babylon NY 11702
631-661-8888
... more
0 votes 1 answer Share Flag
Tue Apr 20, 2010
Jerry Cibulski answered:
If you are working with your agent as a Buyers Agent then your commission is established in the contract you have signed between you and your agent. If you have not signed a contract and are working with an agent as a Sellers Agent then the commission is compensated in the closing from the sellers between the agent and the sellers. You can discuss this with your agent to clarify. ... more
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