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Home Buying in Brooklyn : Real Estate Advice

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Activity 1,991
Fri Mar 3, 2017
answered:
Hello, I'm a mortgage professional.

Yes, this is possible.

I would need more details.

You are welcome to get in touch with me if you would like help, I'm in NY.
0 votes 1 answer Share Flag
Mon Feb 27, 2017
Jonah Larrama answered:
guess my question got cut off.

This house is close to many forecloses homes. Is that something bad? I am planning to make this my home for many years and I dont think houses prices will go down as it seems that many people moved to brooklyn ny every year and is only one subway stop from al already up and coming area. ... more
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Sat Feb 25, 2017
Jack Ramone answered:
Hi Christa, I highly recommend you read the article I linked below before you start your application. Basic things like knowing to type it all, use dividers, tabs and a table of contents. All really important so you don't get it rejected automatically!

For the cover letter, please see the article, believe there's a sample in there you can reference. Or at least advice.
... more
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Thu Feb 23, 2017
Angelikita1666 answered:
0 votes 16 answers Share Flag
Tue Feb 21, 2017
UpNest answered:
Good question. If you haven't hired a broker yet, I would consult with realtors on www.UpNest.com. You can compare fees from top realtors in your local area and find someone who has a good standing license and even ask other brokers what it means if someone is not a member of REBNY. Hope this helps! Plus, it free. ... more
0 votes 7 answers Share Flag
Thu Feb 9, 2017
Farhana Nancy Hoque asked:
I have been a long time user of Trulia - bought my first house from a listing posted here. I am looking for a home for my parents and have noticed and ongoing scam associated with fake listings.…
0 votes 0 Answers Share Flag
Wed Feb 8, 2017
Bill Gassett answered:
Typically home inspections are done after the seller has accepted your offer. Understanding how to pick a home inspector is one of the most important parts of a real estate transaction. So many people just pick anyone without any real criteria. This can end up costing you both in the short and long term if the inspector misses issues they shouldn't have. Take a look at the reference on how to go about picking a home inspector. ... more
0 votes 11 answers Share Flag
Wed Feb 1, 2017
Kathy Burgreen answered:
You need to call the listing agent, Joshua Harris at 347-539-6923. You need to understand that the brokers were looking at the MLS listing while they were talking to you and when they saw the listing said "foreclosure", immediately they were thinking "I don't want to deal with this piece of garbage" so they lied to you. Brokers are independent contractors and they do have the power to choose who they want to work with and what types of properties they want to deal with. What matters to brokers is their use of time. When a buyer like you calls about a foreclosure, it means that broker will need to spend extra time dealing with this transaction. NYC brokers refuse to waste their time on anything that will take longer than necessary. The listing you called about is wasting their time. Therefore the only person who will help you is the listing broker - Joshua Harris. ... more
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Fri Jan 27, 2017
Hunterg answered:
do u get a deed to to a new condo in the state of NC (paid in full)
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Thu Jan 26, 2017
Pachotrealty asked:
Thu Jan 26, 2017
Michael Denniston answered:
Hi Kecaho,

That's a great question. It really depends on many factors including your income, credit, down payment, and work history. Also, the homes' property taxes, insurance cost and whether or not it has rental income. That's just a partial list.

Your best bet is to meet with a local, experienced and licensed mortgage professional for a free mortgage preapproval to learn exactly how much house you can afford. You may want to start with your current bank, ask family and friends for referrals and also check reviews on Trulia/Zillow.

All the best.
... more
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Thu Jan 12, 2017
Kathy Burgreen answered:
Down payment assistance has income limits and if you already own property, that may be another restriction. Down payment assistance is designed for first time buyers.
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Tue Jan 3, 2017
Sarvinozsabina answered:
Hi my name is sarvinoz I won't buy 2 bedroom apartment it's my first buyer how I start this
0 votes 10 answers Share Flag
Thu Dec 15, 2016
Kathy Burgreen answered:
You don't qualify to buy anything in the New York City area. For a 3% down payment of $10,000. that equals a mortgage loan of $330 - 335,000. At $330,000. that will buy you a 1 bedroom co-op in New York City. However, all co-op Boards require 20 - 30% down payments - not 3%. You also need cash to pay closing costs. Do you have that?

In the meantime, continue renting and work on both of your credit scores. You need at least 650 because you will need to pass the co-op Board approval.

I would also advise you to increase your income. Your goal is to make at least $100,000. if you are serious about buying a co-op.
... more
0 votes 1 answer Share Flag
Thu Dec 15, 2016
Grace Haye asked:
Greetings,

I live in NY and currently have a 660 credit score. My partner and I are working on his credit score it's currently in the low 500's. Does anyone know of any home…
0 votes 0 Answers Share Flag
Thu Dec 15, 2016
Grace Haye asked:
Greetings,

I live in NY and currently have a 660 credit score. My partner and I are working on his credit score it's currently in the low 500's. Does anyone know of any home…
0 votes 0 Answers Share Flag
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