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Brooklyn : Real Estate Advice

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  • Local Info196
  • Home Buying926
  • Home Selling89
  • Market Conditions34

Activity 4,920
Sun May 21, 2017
Maliekagolds48 answered:
I'm Ms Gray looking for a 1bedroom APT.I do have a city Feps voucher for 1268 .Me and my son will live there .If possible can l get someone help.
0 votes 24 answers Share Flag
Fri May 19, 2017
Kathy Burgreen answered:
What house? You did not provide a link or address. Buying a foreclosure is the same as buying a regular house. The difference is most foreclosures in NYC require 100% cash because lenders will not give you a loan. Also most foreclosures require major renovations and repairs. You will need to pay for this and in NYC, contractors are expensive.
You need to work with a realtor BUT most realtors in NYC refuse to work with foreclosures because the time involved is not worth it. The commissions earned is much smaller than buying a regular home.
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Thu May 18, 2017
Kathy Burgreen answered:
Are you buying or renting? As a former NYC realtor and life long resident, you need to learn that a 1 bedroom 1 bath apartment in Flatlands / Mill Basin rents for $1,500. - 1,650./month and a 3 bedroom, 3 bath house to buy costs $689,000. - $2.4 million in the same neighborhood.
I got the above information from StreetEasy.com which is exclusive for NYC.

On your budget, you need to apply for vouchers with NYC Housing and it will be impossible to find anything for $425. - 450. You might find something in the Bronx but don't get your hopes up.
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0 votes 1 answer Share Flag
Mon May 15, 2017
Cheryl11199 answered:
Sat May 13, 2017
Kathy Burgreen answered:
The seller should pay. However, in NYC, if you are looking at a listing that's real cheap, odds are the reason it's cheap is because either there are liens, taxes or some other payment that's due or it's a foreclosure and needs major renovations and repairs.

In NYC, if there are taxes, liens, etc. due, you will need to pay for it. Obviously the seller doesn't have the money and is looking for a buyer who can afford to pay the bill. What you can do is negotiate the price down low enough so you can pay the tax bill.
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0 votes 1 answer Share Flag
Thu May 11, 2017
Kianah asked:
My name is Kianah and I am looking for an apartment I currently have a Cityfeps Voucher for 1515 I have been looking and haven't had any luck so I am Considering paying the first months…
0 votes 0 Answers Share Flag
Mon May 8, 2017
Kathy Burgreen answered:
I'm a former realtor and life long NYC area resident. Outside of the NYC area, it's much easier to sell by owner and be successful than it is in NYC.

Some facts, truths and what realtors won't tell you:

1. In NYC, agents are ruthless, greedy and manipulate everything to make deals work for them. Fortunately, it gets a little better in the NYC suburbs but I was warned that NYC is the wild, wild west compared to the suburbs.

2. If you are not listed in REBNY (the MLS system), expect agents to ignore you and they will show their buyers every home except yours. On the flip side, agents do scan Zillow, Trulia, etc. to contact For Sale By Owner listings. They call you to tell you that you're stupid and don't know what your doing hoping to convince you that you need to list with a broker.

3. NYC agents do lie. If buyers ask about your home for sale because they saw it on Zillow, Trulia, etc., agents will tell buyers that your home is not for sale and your listing on Zillow, Trulia, etc. is old and your home has been sold already.

4. Safety. Since it's NYC, how will you screen buyers before showing your home to them. When selling by owner, you need to have buyers email you either a pre approval from a lender or proof of funds. You need to verify the information before showing your home. Unfortunately, there are people pretending to be buyers and have criminal intentions instead.

5. You need to remove all personal, financial and sentimental items from your home and put it in storage or at somebody else's house. This includes, all bank accounts, any paperwork with ID numbers on it, jewelry, etc. If you plan to hold an Open House, you don't want anything stolen or used for ID theft.

6. You need to know that Brooklyn is as expensive as Manhattan now and Queens is catching up (getting pricey). Buyers have been looking in the suburbs for awhile now because housing is cheaper, the public schools are excellent and transportation to Manhattan is 30 min. from most places.

7. Finally, Google "Flat Fee Brokers". This is an alternative to full broker listings.
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0 votes 1 answer Share Flag
Mon May 8, 2017
Dario.nolfi asked:
Hi Trulia,

I'm a real estate agent with Corcoran and I assist Laura Rozos in our office. She has the listing at 621 East 19th St. in Brooklyn, NY and our client, the seller, is asking…
0 votes 0 Answers Share Flag
Mon May 8, 2017
Matt asked:
Any good tools out there that agents use for home prep? Trying to get my house ready to sell and frustrated with all the emails...
0 votes 0 Answers Share Flag
Wed May 3, 2017
bluskydev answered:
Hello Wamu to Chase Foreclosure & Pre-Foreclosure Victims! There is hope for those who DO NOT GIVE UP.

For the past 9 years I have learned, & now know the truth and can assist your litigation efforts on the best possible road to settlement.

JP Morgan Chase can and will do anything they can to foreclose & steal your home, especially if your property is situated in the Non Judicial states.

Chase has set aside billions to settle any case that may pierce their disconnected right to your Wamu origination.

I represent a network of professionals who know how to navigate successfully & pierce this very issue of Chases' fraudulent presumption of ownership right to your purported loan with Wamu.

Although many of you know of what Chase is now fraudulently acting on after entering into a "voluntary transfer" of certain assets & liabilities & not by merger via the purchase & assumption agreement, you may not be aware that recent case decisions and credible admissable testimony easily defeats this as a defense by Chase.

But this is the rabbit hole Chase wants you to go down.....& we may not even need to addtess this issue.

There are many details & pre-existing conditions (depending on your individual circumstances) that have now surfaced & can be used as legal case precedents that have great legal weight and foundation to your case.

You must follow a very specific guideline to set the stage to successfully litigate.

Over 95% of the folks who signed with Wamu do not contest the fraud perpetrated by the big banks and worse yet, there are very few competent lawyers or judges who understand these complex issues, the law thereto and how to apply it.

Regardless of whether you are in pre-foreclosure or have already lost your home, learn the truth from the day you signed on the dotted line and set the stage for a successful settlement.

Contact me via my e-mail: bluskydev@gmail.com & I will quickly & confidentially analyze your circumstance and get you pointed in the right direction.

Best Regards,
MJ Ennis
Lead Case Analyst
Foreclosure Defense Network
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0 votes 34 answers Share Flag
Tue May 2, 2017
Bayoproperties asked:
I can't move past this point bcs it's not completing the process. Am I doing something wrong? The phone number it's going to is 718.360.0949.

Also, why don't Trulia…
0 votes 0 Answers Share Flag
Thu Apr 27, 2017
Sonny Katz answered:
Hey Peter,

Purchasing a Co-op can be quite frustrating. From the due diligence to the Board Review. As for the pricing it all depends on what the Comparative Market Analysis says. A licensed real estate agent should run some numbers and see what the market is like in that area.

Bay Ridge itself is a hot neighborhood. It always was and always will be. I am born and raised in Brooklyn so I'm very familiar with the area.

You also might want to keep in mind that not everyone prices properties correctly. Thats why I always suggest any buyer to get an agent to represent them. Please feel free to contact me if you are still looking. I'd love to help.
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0 votes 2 answers Share Flag
Thu Apr 27, 2017
Sonny Katz answered:
It will be tough. Most landlords require a credit check among other requirements.
0 votes 1 answer Share Flag
Tue Apr 25, 2017
Kathy Burgreen answered:
According to StreetEasy.com, the address is not an active listing. According to Zillow.com, the address is in Pre Foreclosure which means it may or may not be active. However if you sign in, scroll down and it gives the following information for you to contact:

Borchert and Laspina PC (attorneys)
1902 Whitestone Expy, #302, Whitestone, NY 11357
718-767-3333
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0 votes 1 answer Share Flag
Wed Apr 19, 2017
Jonathan Bellemore answered:
Fri Apr 14, 2017
Kathy Burgreen answered:
You're NUTS!! As a former realtor and NYC area resident, a normal size 2 bedroom, laundry room and heat / hot water = $4 - 5,000./month in the nice / safe areas and about $3,000./month in low income areas. A small 2 bedroom = $3,000. in the better neighborhoods and about $2,000. in the low income neighborhoods.

Your budget of $1800. was last seen in 2008 - 2010. It's now 2017. You also need to learn that utilities are never included. Landlords cannot control what a tenant spends on utilities so therefore the tenant must pay for it separately.

You should try looking in Nassau County. Rents are much cheaper than Brooklyn. There is excellent public transportation - Long Island Railroad and public busses - they do go into Brooklyn and Queens too.
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0 votes 1 answer Share Flag
Thu Apr 13, 2017
Jamarglover asked:
I have a cityfeps looking for a 2bed rooms need help
0 votes 0 Answers Share Flag
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