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Home Buying in Binghamton : Real Estate Advice

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  • Home Buying18
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Activity 20
Sat Nov 29, 2014
Gary Geer answered:
Transue.barry,

Start by getting preapproved for a loan. If you are buying with cash instead of financing, get a "proof of funds" letter from your bank or have copies of statements of your accounts to prove funds are available. Then sit down with an agent and discuss your concerns and your wants. Take time to view a few homes and get to understand the market in the area you want to live. A good agent will not rush you to buy, and will help you to get to where you want to go. Hope this helps.

All the best,
Gary Geer
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Sun Jul 13, 2014
nickybulger answered:
Quiet, but with lots of through traffic from Robinson st, and Court st at times.There are mostly families with younger kids, the street is small. Your kids if you have them would probably go to Calvin Coolidge Elementary and East Middle School. There are lots of restaurants, fast food, and a grocery nearby. I second the opinion that you drive by at different times/days and check out the feel of the neighborhood. ... more
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Wed Jan 22, 2014
Laura Marbaugh answered:
My step dad has a bank account and good credit. I could possibly have him buy it for us, than transfer the deed to us once he gets it?
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Mon Jul 15, 2013
Bostonbred111 answered:
shut down apartments for the very poor and mentally challenged.... it was condemned due to vermin. industrial sized kitchen downstairs, elevators, many baths and showers and toilets all over the facility. Apts. were one or two rooms. ... more
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Mon Nov 12, 2012
Dawn Roessing answered:
I just checked this property out. It is not listed for sale at this time and has not been on the market since 2008. As of right now it is owned by a person or family as far as I can tell. This property may be in the beginning of a foreclosure, and as far as I know there is no way of knowing who holds the mortgage on this property. ... more
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Mon Jul 30, 2012
Dawn Roessing answered:
Every situation is different are there a number of things that can be done. Give me a call and we will see what can be done.
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Mon Jul 30, 2012
Darrell D. Drouillard answered:
As a previous home inspector, I would caution against an engineer. This is my rationale - a good inspector is well versed in all aspects of the home (plumbing, mechanical, electrical, structural, and ancillary features like septics,, sprinklers, pools, etc...) and an engineer is usually a specialist in their field.

It's equivalent to a doctor - you have a dermatologist, a pediatrician, a general surgeon, an orthopedic doctor, etc....the dermatologist can look at you but will not have a firm handle on how to deal with tube in a toddlers ears. Most engineers are electrical engineers, structural engineers, etc....they specialize in an area and can be consulted for a specific problem in their area of expertise.
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Mon Jul 30, 2012
Dawn Roessing answered:
You would need to talk with a Realtor and they wil get you the information that you are asking about. They will beable to do a CMA for you and get you the age of the house as well if it is in a Flood zone. Give me a call and I will help you with the information etc. ... more
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Mon Jul 30, 2012
Jennifer Greenmun answered:
I would be happy to assist you with your purchase. Feel free to contact me via this site or give me a call.

Jennifer Greenmun
McKinney Real Estate
Binghamton NY
607-761-4814
jgreenmun@mckinneyrealestate.com ... more
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Tue May 15, 2012
Thomas Reid answered:
Try Gary Kline... (607) 584-4191
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Wed Feb 8, 2012
James Trevitt answered:
A contemporary home design is often a custom design using an open flowing floorplan, vaulted ceilings and unique roof lines that can combine to give it that "WOW" factor. Think of Frank Lloyd Wright designs.

A traditional home is what you'll find in most neighborhoods. Each room or part of the home has a use that is easily apparent to the viewer. If you walk up to any home and have a pretty good idea what the floorplan is and what's inside before you enter, that's pretty traditional.
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Tue Apr 26, 2011
Dawn Roessing answered:
If you go into bankrupcy you may have the option to keep your house. But at any cost I would consult an attorney as they can give you the best advice as to what to do in either case and what your options are. ... more
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Tue Apr 26, 2011
Patrice answered:
Hello J. After my 17 yrs as a mortgage originator, I can give you some of the details- Rental income is handled differently depending on weather you are purchasing as an owner occupant or as an investor?
If you are purchasing as an investor you must show rental income ON YOUR TAX RETURNS for a minimum of the last two years.
If you are buying as Owner Occupant ( ie: 2 family - living in 1 unit, renting the other... ), I believe FHA allows up to 85% of the rental income to count toward your income qualifications. This may have changed recently, I have left mort. industry about 2 years ago. Ellen Correll has been in mortgages for many years.
Ellen Correll @ HSBC is in the Binghamton office. ellen.c.correll@us.hsbc.com 607-772-5677
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Thu Jan 21, 2010
Jim Trevitt answered:
Trying to give you a $/SqFt number can be a bit difficult the way our multiple listing system works, but maybe this will help get you "in the ballpark." The average price for a resale home in the greater Binghamton NY market was $126,883 in 2009. A typical 3 BR ranch selling between $120-130,000 has about 1200-1400 sq ft. That would give you approximately $90 - $105 per sq ft.

Just keep in mind that these are averages. Your actual cost per sq ft can very greatly depending on timing, location and whether you're buying a mansion with all the goodies or a handyman special that needs everything fixed!
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Sat Nov 14, 2009
Tina Knapp Ryan answered:
Investing in land in the Binghamton area may or may not be a good idea. It all depends on what type of land you are looking into buying, where it is located and if there is an existing oil and gas lease on the property. Although drilling has not started yet in the Binghamton area, at this time, landmen are out and offering hefty per acre amounts and royalties on land that they expect may be drilled on or may be drilled under. If you are able to find land that may possibly be of interest to the oil/gas companies, then the investment may provide substantial returns. ... more
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Sun Sep 20, 2009
Jo-Ellen Ashby answered:
Are you talking about land to build one home? to subdivide? for future investment appreciation, to build a farm? a ranch? to simply be a land-baron in the less-populated geographies?

Very broad question: You need to check Zoning restrictions if for a home---You need to check Usage what can ultimately be done w/the land if future investment---can it be a residential neighborhood, etc. Water lines, sewer lines? Otherwise well & septic.....if septic, you'll need engineering and perc tests to insure the ground will "hold" the waste.......Yes, you can always build systems, no matter what type of perc but you may be in for a huge expense that you did not anticipate. If for just one home, most important is to look at the surrounding neighborhoods and usage for "like-priced" homes and no industry, that will insure a good investment. Some areas have "wetlands" designations now, the grounds are too wet for usage and cannot be built on. Check for massive rocky areas because you will need to blast if you plan to build....This may just be a start of ideas, based on your broad question?
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Thu Jan 10, 2008
Joe Sorrentino answered:
As far as competition, hardly anyone buys vacant land in the winter so you may be in a good position to negotiate. As far as closing, if it does not have sewers at the property you will probably have to have a septic system. If so, is there a permit from the health department available? If not you may want to wait to close until after May when a Perk test can be done. They can't do it now in the cold. Feel free to ask any other questions. Joe Sorrentino ... more
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