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Home Buying in Brooklyn Heights : Real Estate Advice

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  • Home Buying2
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Activity 6
Tue Jul 26, 2016
Theresa Walters asked:
Tue Oct 7, 2014
Keri Watkins answered:
It is my understanding that does not all postings from non-licensed agents.
0 votes 1 answer Share Flag
Tue Apr 8, 2014 answered:
Hi Nancy,
Are you looking for a home in Brooklyn Hts? There are several homes in the City of Old Brooklyn that are in the location but the area is not located in Brooklyn Hts. and is in a different School Dist.
If you need any further assistance please feel free to call me.
Thank you,
Gloria Silva
... more
0 votes 1 answer Share Flag
Sat Mar 30, 2013
Cindy asked:
Thu Mar 21, 2013
Maria Gilda Racelis answered:
Hello Xeeker,

My buyer who won a HUD bid has almost similar dilemma. When I received the package from HUD, I called the property management company to de-winterize the property. Their answer was specific. They can't turn the water on. Therefore, they will not dewinterize it.

My buyer has a applied for conventional loan. In this scenario, I know that the bank will not lend the money unless all utilities are on.

Hence, I asked the buyer to apply for a 203k Loan right away as this is the only way we can close on a property in this situation. However, be aware that there is a minimum amount that the lender will loan you for the 203K. You have to discuss this with your loan officer.

Since, some repairs are needed, we can easily accomplish the minimum amount required for the 203K, We got estimates for the works such as roof , plumbing and heating and then submitted them to the loan officer.

We asked HUD for an addendum to change Financing Type from conventional to 203K.

Everything else is good to go.

Best of luck to you.
... more
0 votes 3 answers Share Flag
Wed Jan 28, 2009
Brittany Simonelli answered:
I typically have the following contingencies to protect my buyers best interests:

1. Financing-one contingency for pre approval and one for loan committment (final approval)
2. Inspections (home, well and septic, termite, radon, home owners insurance)
3. Attorney review
4. Buyer to chose title company-seller to provide ALTA homeowners title policy.
... more
0 votes 4 answers Share Flag
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