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Bronx County : Real Estate Advice

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  • Home Buying12
  • Home Selling1
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Activity 2,237
Fri Aug 18, 2017
Demetrius smith asked:
Wed Aug 16, 2017
Rebecca Santana answered:
Hi, I looking for a two bedroom for myself and 14yr old & 5yr old daughters, I do work. I have a One Shot Enhanced Deal, Could some please help me find an apt in brooklyn for me. I know you help people in the bronx but maybe you can help me find something in bronx, I can afford the most $1500 a month, Please help me, thank you rebecca ... more
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Wed Aug 16, 2017
Barrypurvis661 answered:
He seems happy and friendly
0 votes 16 answers Share Flag
Mon Aug 14, 2017
Raza Rizvi asked:
Hello everyone,
I am closing on a two-family property in the Bronx this week and I would like to separate the gas meters. Currently the property only has one but I would like to have the…
0 votes 0 Answers Share Flag
Mon Aug 14, 2017
Kathy Burgreen answered:
You're up early this AM. I'm a life long NYC area resident (30 yrs. in lower Westchester) and a recently retired realtor, so my expert advice as follows:

Yes property taxes can be grieved, but as you noted there is no guarantee. However, in reality, the majority of owners do win their grievances so the odds are in your favor. That said, several towns had assessments in recent years so property taxes did go up (Scarsdale, Greenburgh, Mamaroneck / Larchmont). It's possible more towns will do assessments but who knows? I know the taxes are ridiculous but then it is paying for quality education. Unfortunately school districts have mandated expenses they are required to pay for whether there is money to pay for it or not (Federal / state programs, retired teacher pensions, maintenance). Finally, residents vote on school budgets every year and they pass with tax increases, so be prepared for this even if you win a tax grievance.

As for this foreclosed house, if it's located in one of the following SCHOOL DISTRICTS (Pelham, Larchmont, Rye, Harrison, Scarsdale, Bronxville, Tuckahoe, Irvington or Ardsley), I would definitely buy it no matter how much the taxes are and do whatever it takes to get that house. If this house is located in these school districts (New Rochelle (10801 - 10805), Eastchester, Hartsdale, White Plains, Tarrytown or Dobbs Ferry), I would not be so eager to buy this house. Although the school districts are good in all of these towns, they don't rank as high as the ones mentioned before - Pelham, Larchmont, etc. The other issue is home values are not as high as the other towns either, so if you spend money renovating this foreclosed house, you need to question how much of a return on investment will you get when it's time to sell. A foreclosed home after renovations in New Rochelle (10804 for example) will not get the same selling price as a nearby home in the Scarsdale school district even though they are 1/8 mile apart. If this home is located in Yonkers, Mount Vernon, Greenburgh or Port Chester, don't buy it and move on - unless you get it for real cheap.

What you need to do - VERIFY the school district! Don't believe anything your realtor tells you. You need to contact the school district itself and verify this address is within that school district's attendance boundaries. There are too many houses especially in the Scarsdale area where the physical address is Scarsdale 10583 BUT the school district for that house is either Yonkers or New Rochelle, etc. - NOT Scarsdale. Same applies for Rye, Rye Brook & Mamaroneck. Also White Plains, West Harrison & Harrison. It makes a HUGE difference in the value of the house. Bottom line - realtors will not do this for you. Also on every listing it states in tiny print at the bottom of the listing - "The information provided herein is NOT guaranteed but is to the best knowledge of the provider. The buyer is responsible for verification."

As for you bidding $100K less, I would not go that low. If this house is in Pelham, Larchmont, Scarsdale, etc., the bank / seller will give you the middle finger & curse you out. Start with $50 - 75K less and tell your realtor to have an escalation clause so you can increase your bid if you get rejected.

Good Luck! Any further questions, feel free to ask.
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Sat Aug 12, 2017
Kathy Burgreen answered:
You need to learn the $1000. bonus and 15% to broker have NOTHING to do with getting a rental. The issue is finding an apartment where the regular rent is 1200./month. Unfortunately in NYC, the only thing that would come close is a studio apartment in the Bronx. If you need a 1 bedroom or larger, then you need to get into the housing projects and get your name on the waiting list. ... more
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Tue Aug 8, 2017
Snurmukhamedov answered:
Hi there, I have a LINK Voucher $1268 and I am looking for studio or 1BR preferably Manhattan and Brooklyn.
please contact me via Phone #718 374 4899 or Email: Snurmukhamedov@gmail.com
Thanks in advance!
... more
0 votes 52 answers Share Flag
Mon Aug 7, 2017
Kathy Burgreen answered:
I answered your other question. As I said your listing is fine. I really think if you do a Flat fee listing, it would help you a lot. Make sure your listing is either in REBNY (Real Estate Board of NY) or HGAR (Hudson Gateway Association of Realtors). When I was a realtor, a few of the agents I worked with had listings in Riverdale, so even though my office was in Westchester, we still sold coops in Riverdale.

As I said in my other reply, you need to pretend you're a buyer and call some of the Premier Agents advertising on your listing and see what replies you get. Don't let on that you're the owner right away.

Read my reply to your first question.
... more
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Mon Aug 7, 2017
Kathy Burgreen answered:
I'm a recently retired realtor near Yonkers (Westchester County) so I pulled up your listing. I don't see any reference to ADC Realty or Bruno so Trulia does not need to make any changes. Your listing is fine. Just to verify, are the pictures yours or from your photographer? I hope you did not use your agent's photos because those photos are copyrighted and technically you're breaking the law. The issue is if you use your former agent's pictures without written permission, your former agent can come back and threaten you to take them down.

One issue I want to point out if you don't know already. If you are not receiving phone calls or replies from the Contact form on Zillow or Trulia, you can blame the "Premier Agents" advertising on your listing. I was one of those "Premier Agents" in Yonkers. Briefly, they pay monthly advertising fees to Zillow or Trulia to buy zip codes where their picture and contact information can be displayed on ALL listings in that zip code. The contract from Zillow that I paid for limited me to the number of impressions but my face, name and phone number did appear on For Sale By Owner listings as a Premier Agent.
The issue that should concern you is on Zillow one of the agents has a default checkmark next to their name, so when a buyer fills out the Contact form, the buyers information goes to that agent with the default checkmark. A buyer would have to uncheck that agent and put a checkmark next to your name. Very few buyers do this and agents know it. Trulia doesn't have default checkmarks but still most buyers will check one of the agents rather than the owner.
When that agent talks to the buyer, the first thing is the agent will check the MLS to see if your studio is for sale in the MLS. Since you are For Sale By Owner, this agent will tell your buyer that your coop is not for sale. Then the agent will tell your buyer there are other coops for sale and he/she will be happy to show them to this buyer. Yes I'm guilty since I did this too. You can try this yourself. Call one of the Premier Agents on your listing and pretend you're a buyer. Ask to see your coop for sale. Then ask if the agent just checked the MLS after they tell you your coop is not for sale.

What you need to do is Google "Flat Fee Broker" and see if you can pay a flat fee to have your listing in the MLS. You are saving 1/2 the commission by not listing with a full service broker and you will be in charge for everything. You are just required to pay a buyers broker fee.
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Fri Aug 4, 2017
MICHAEL GLOVER asked:
Thu Aug 3, 2017
Sharon answered:
Well, I did go they place of business and they offer only houses that are completed renovated by privet companies-yet they say there are affordable at over 599,000 for one family even in East New York Brooklyn and in Queens 2 bedroom 1 bathroom house for over 470 thousand. They drive you around and you cannot be dropped off at a convenient location you have to go back to the office and take public transportation or your own even if they take you to Brooklyn and you live in Brooklyn you have to go back to Queens while driving they try to convince you to buy the house. Hope this helps! ... more
0 votes 3 answers Share Flag
Mon Jul 24, 2017
Jampanzie asked:
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