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Belle Harbor : Real Estate Advice

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Activity 12
Sat Jul 1, 2017
Kathy Burgreen answered:
There is a delay for Trulia. If you are referring to realtor.com as one of the other websites, you need to know that realtor.com is the first one to update because it's owned by realtors, so as soon as listings are entered into the MLS system (REBNY in NYC), realtor.com picks it up immediately. Other websites like zillow.com and trulia update it 1 - 3 days later.
Another issue is on zillow and trulia, real estate agents may have to update their listings manually and not all agents do this. In NYC, as long as the listing is updated in REBNY (a MLS type portal), that's all an agent has to do. It's not a requirement that agents update listings online. The way agents in NYC see it is if they don't update listings on Trulia, buyers like you will get frustrated and end up calling a real estate agent. This is how they stay in business. Real estate agents will use tricks like this to force you to call them. Once you call them, agents willl be happy to send you fresh updated listings by email. Beware that REBNY listings do not include For Sale By Owner.

Hope this helps.
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Fri Mar 17, 2017
Peter Duffy asked:
he made nuberes building compacts on my property to NYC as he threaten me if i would not sell to his agent
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Mon Jul 20, 2015
UpNest Top Realtors answered:
Hi Rob,

Trulia doesn't allow FSBO homes listed manually. You would have to pay a premium for a flat fee listing service.

The NAR states that FSBO homes typically sell for an average of $184,000 compared to agent assisted homes at $230,000. That's a big difference! So selling with an agent will usually get you more money in the end, and it will sell faster with less hassle on you.

We created our service for home sellers looking for the best deal possible. Agents will compete against each other to earn your listing, so you're more likely to receive a great commission rate. You'll also be able to compare agents so you can select the best agent possible! There's no risk to try us out, and it's completely free for you!

http://www.upnest.com

Good luck!
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Wed May 14, 2014
answered:
Can you address the following:

1. How far away from this Co-Op do you live, and do you own any other properties.
2. Are you looking for a rate and term or cash out mortgage.
3. What is your current rate and what the new mortgage amount will be.

Thanks

Sanjeev Ahuja, NMLS #148731
Mortgage Broker
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Phone 917-517-2552
NYS Registered Mortgage Broker, Dept of Financial Services, Loans arranged through third parties (NMLS # 885573)
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Thu Apr 3, 2014
Anna M Brocco answered:
As to the lenght of time, unfortunately none of us can accurately speak for the buildings department; perhaps consider an expediter...
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Sat Nov 30, 2013
Joseph DeVito answered:
The real question is was this an AS/IS contract ? Did the owner give you any price reduction because of condition ? If so then there might not be much that can be done. If not your attorney should be contacted and let other attorney know you will not close without a reinspection. ... more
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Tue Oct 8, 2013
Brian Gailbreath answered:
The Comparable Market Value of a property should be based upon recently closed sales that are comparable and not public records such as tax records. Certain tax records may show the "assessed" value for the land and the "assessed" value for improvements (home) for a total assessed value. These values vary by town and also depend on when the township last re-assessed the town. They are usually a percentage of "Market Value" when the township re-assessed and do not usually indicate current "Market Value". ... more
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Tue Apr 3, 2012
Debra (Debbie) Rose answered:
Be realistic in your expectations regarding price, and be responsive to what the market's reaction is to your home.

Work with an agent who will tell you the truth, not just what you might want to hear.

Best wishes
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Sun Mar 27, 2011
Suzanne MacDowell answered:
Sat Nov 20, 2010
Anna M Brocco answered:
You can also check out http://www.mlsli.com it does show current available properties and closed properties...
0 votes 2 answers Share Flag
Thu May 20, 2010
Antolin Du Bois, CFP® answered:
I bought a two family on Beach 101st in Feb 2008.

Anything to the right of the bridge at 96th is up and coming, anything to the left is a long shot.
High School is/was crappy (Beach Channel) due to < 96th students but they are restructuring it, and there are private school options. Much new development in Rockaway Park which is attracting a large range of working middle class people.

I think that Rockaway Park is a good 5-10 year investment. The subway line is there, the beach is there, and eventually people will want to stay in New York but also be near the beach. So I think that schools will matter less to people who want to retire in NYC with the ability to get around by subway, but be near a beach.

Lower than 96th has simply too many projects that are going nowhere. That Arverne by the Sea has units going begging on Craiglist for like 1700 to rent a two bedroom, 2000 for a three bedroom because people overpaid to be pioneers, and now need to cover their costs by gouging renters. But in Rockaway Park, you can probably pick up a decent size (2200 sq ft) newer two family for 508, which is what zillow says mine is worth, and the numbers work much nicer.

So basically I recommend Rockaway Park, if you do not need a great public HIgh School school right now.
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Wed Sep 23, 2009
Andrew Berman answered:
Price: The developers have adjusted their pricing to accommodate the current market conditions. It was a good deal before, now it's a steal! You get about 1.5 times the space of comparable real estate in Long Beach (which is further away from the city AND doesn't have a ferry to downtown AND you there is nothing like Belle Shores in Long Beach.

Quality: Let's put it this way. One of the developers actually lives on-site with his family. Without upgrades, it's all high quality workmanship. You really need to see the quality of their work. Everything from the most solid stairs I have every walked on to a French drain system even though in spite of the close proximity to the ocean, is not a high risk flood area). Just some examples.

Reputation of Frameworks: I have worked selling previous projects done by the Frameworks group before. They are very proud of their work and stand behind it. I was impressed by previous projects and continue to be by current projects. Again, one of the developers actually LIVES here.
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