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Commack : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying7
  • Home Selling1
  • Market Conditions1

Activity 18
Wed Jan 7, 2015
Irene Karp answered:
Unfortunately, It does take awhile for the bank to get to your paperwork and then may not even accept the offer !
0 votes 12 answers Share Flag
Sun Dec 29, 2013
Javier Meneses answered:
I would say you really need to determine if you're going to go all the way with the sale or not. As mentioned below, you can be asked to cover the buyer's expenses and even Realtor's commission, but why put yourself in that situation to begin with. If you're ready to sell, then go for it, but if you feel as though it's not the right time for whatever reason, then don't do it to yourself.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
... more
0 votes 8 answers Share Flag
Wed Dec 25, 2013
Jack Muratore answered:
Hi Nessie1977: My name is Jack Muratore, Associate Broker Coach Real Estate Smithtown. I am a realtor for over 31 years and a Commack Resident for 50 years. The area and community is well worth waiting for.
Good thing you have sold your house. Perhaps you can get an extension on the sale of your house or at last resort Rent until you find the house you want to call Home. The market listings available continue to remain low, and may be some time if your house come to the market.

I wish you success in your home buying journey.
Please call me any time you feel that I may be able to help you.
Jack Muratore, GRI, CBR Certified Buyer's agent.
631-553-5049 Cell
... more
0 votes 8 answers Share Flag
Thu Jul 11, 2013
Nessie1977 answered:
Looking for a 4 BR colonial in Commack, 1/2 Acre, anyone know someone who is thinking about selling? I sold my home and can't seem to find anything! Please help! Tia
0 votes 5 answers Share Flag
Sat Mar 23, 2013
Andrew M. answered:
Tue Mar 19, 2013
Thomas Moser answered:
Submitting the bid through the listing agent does not mean that more of the the money will go to the seller. It only means that more of the money will go to the listing agent, because she will not have to share the commission. Instead of trying to out-think the professionals, why not find a good buyer broker to represent you. ... more
0 votes 11 answers Share Flag
Sun Mar 17, 2013
Javier Meneses answered:
You can qualify for a mortgage as long as your income is enough to take on your existing liabilities, including the mortgage payment along with taxes and insurance on your investment property (assuming you have one), and the proposed mortgage payment on your new house.

Hopefully you're claiming any rental income you receive from the investment property on your tax returns. If you have a mortgage on the Florida house and you do not report the rental income, you might run I to a problem, unless you have a high enough income to absorb it all.

If you need a Loan Officer, I'm always available to meet face-to-face. Good luck!

Sandra, even though your lender already looked at your credit and issue a pre-approval, it doesn't mean your new auto loan is going to fly under the radar. First, the credit that was initially pulled is good for 90 days, so of for whatever reason you don't find a house, go into contract, submit a mortgage application along with all necessary documents AND close by the time 90 days are up, THEY WILL PULL ANOTHER CREDIT REPORT. Even if you do close within the 90 days, most lenders will run a comparison report which serves the sole purpose of seeing if you took on any new debt.

We don't know the details of your financial situation. Generally taking on a new auto loan can have a negative affect on your chances of getting a mortgage. But it's very possible that you don't have much or any liabilities and you can indeed take on modest auto loan. This is something you should speak to your loan officer about. Your Loan Officer can run the numbers and instantly know how much auto loan you can take on, if any, and still qualify for your mortgage.

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648
... more
2 votes 3 answers Share Flag
Mon Feb 11, 2013
Will Roan answered:
Rental inventory is low which is normal because of permits and the super storm which long islanders are still trying to recover from. Credit, pets will be a key factor when you are considering looking to rent. Please call me and I will share more of the cues and clues the home owners and their agents will be asking me before you and I schedule showings for rentals

Will Roan
Crrli
... more
0 votes 5 answers Share Flag
Mon Feb 13, 2012
Terry McCarley answered:
The contract is between the buyer and seller with the condition that the lender approves the contract. So the answer to your questions is YES - a seller can reject a low offer and NOT submit it to the bank. ... more
1 vote 8 answers Share Flag
Wed Sep 21, 2011
Javier Meneses answered:
Rob, I do many 203k loans in Long Island and NYC area. I can tell you that I have a deal right now, were the bank is giving the buyer a credit for the damages caused in the storm. Banks will almost never do repairs, they are simply trying to sell the house in as-is condition, not make any repairs. If I were you I would look for some sort of credit, if they're even willing to do that.

On the flip side, you're not obligated to purchase the house being that the condition of it is not as it was when you initially saw it. But you should discuss it with your attorney. Depending on how the contract is drawned, you very well might be able to walk!
... more
0 votes 3 answers Share Flag
Sun Aug 21, 2011
Anna M Brocco answered:
Check www.mlsli.com for available area rentals; also check local print media for by owner rentals; if you need additional assistance feel free to contact me directly.
0 votes 2 answers Share Flag
Mon Nov 22, 2010
Anna M Brocco answered:
For accurate information, do contact the local building's department.
0 votes 1 answer Share Flag
Thu Oct 14, 2010
Jeff Kim answered:
A couple of fundamental traits:

1. Buyer agent: local expertise. An agent who can provide up to date market statistics, neighborhood and school information, local activities, and previous referrals.

2. Selling agent: Primarily their marketing plan such as where they will promote your home online (Trulia, Zillow, Personal website, individual website for the home, MLS, and active buyers.) In addition, recent sales, market projection, and previous referrals.

For both above, there is an intangible factor: personal interaction. The agent must be positive in attitude, approachable, available and willing to assist from beginning to end.
... more
0 votes 3 answers Share Flag
Tue Oct 12, 2010
George Fitzpatrick answered:
I would need to know what time frame you are using for your reference.
Please call or email me: 631-404-6655, gfitzpatrick@coachrealtors.com.

Thanks
0 votes 6 answers Share Flag
Sat Sep 4, 2010
Anna M Brocco answered:
You can try to have your taxes reassessed through the normal appeal process, sometimes it works, sometimes it doesn't, or, sign up with one of many tax reassessment companies and go from there--you can also check out www.mlsli.com to get an idea as to what your neighbors are paying, under closed or available properties. ... more
0 votes 5 answers Share Flag
Wed Jun 16, 2010
Gail Gladstone answered:
Tue Mar 4, 2008
Kim Tavares answered:
You purchase a short sale home the same way you would any other home on the market. All the requirements, such as downpayment, will be determined by your mortgage company. Your loan officer would be able to tell you what loan program you qualify for and how much you would need to put down. Can be as low as 3% down for FHA loans. Good luck. ... more
0 votes 2 answers Share Flag
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