Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Property Q&A in Bergen Beach : Real Estate Advice

  • All15
  • Local Info1
  • Home Buying2
  • Home Selling0
  • Market Conditions1

Activity 4
Thu May 16, 2013
alanmisonznick asked:
This question was asked from this property:…
0 votes 0 Answers Share Flag
Fri Sep 28, 2012
Mitchell Feldman answered:
Dear slick14life:

Usually an agreement is written up when you sign the lease stating that you would be given the first opportunity to purchase the place after "x" amount of time if you decide you want to at a later date. Sometimes you can negotiate with the landlord so that all or a portion or the rent you pay would be applied towards a discount on the purchase price. With such agreements, sometimes a tentative purchase price may be negotiated and that amount can be written into the agreement. Other times the agreement can be written up such that the actual purchase price would be determined at a later date. Remember, it is just an option and in the end you may decide that you do not wish to pursue the option, hence you are not rally obligated to purchase the apartment later.

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
... more
0 votes 1 answer Share Flag
Mon Jul 9, 2012
Anna M Brocco answered:
Keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent, as most do end up being listed by a broker--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties. ... more
0 votes 6 answers Share Flag
Search Advice