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11379 : Real Estate Advice

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  • Local Info1
  • Home Buying14
  • Home Selling1
  • Market Conditions0

Activity 33
Wed Sep 20, 2017
Alan May answered:
Mon Sep 4, 2017
Kathy Burgreen answered:
Your questions come with the job. When I was working as a real estate agent near you, I found it's critical in the NYC area to vet tenants and buyers better than elsewhere in the U.S. Example: if you're dealing with renters, ask them if you show them apartments that meet their criteria, they will need to sign a lease contract that day or immediately after getting accepted by the landlord. Then tell them that if they are not prepared to sign a lease contract immediately, you refuse to work with them.

Another issue is you need to fully explain what types of apartments are available BEFORE showing any to your clients. Don't be so easy to please. What I did was find out what criteria my clients had, then explain that what they wanted is not available in their price range and they needed to sacrifice or change their expectations.

I know Queens very well as I grew up there and have family there. The issue with being an agent in NYC is renters, buyers and sellers know there are a million agents available and people have no issue with signing multiple exclusive agreements with multiple brokers because they know that brokers don't have the time to check up on their clients to see if they rented or bought something with a different agent. By the way, this happens in the suburbs too - Long Island and Westchester. So I get it that for every tenant or buyer that you refuse to work with, you never know if the ones that you do work with will suddenly drop you for a different agent and you will never know about it until it's too late. And yes, I know that they all lie to their agents. It happened to me too.

Finally, you need to realize that tenants and buyers looking in Middle Village are NOT just looking in your area. They look all over Queens. Even though the restrictions are the same throughout NYC, people do look at neighborhoods and subway stops, etc. Middle Village is not the best. There are plenty of better neighborhoods than Middle Village in Queens. Sorry to say.
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Mon Aug 28, 2017
james turano asked:
You should jump on it. If the apartment is not located where you want exactly you may have to pay $500 more per month if you want the apartment near the Park. To find a modern apartment,…
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Wed Aug 23, 2017
james turano asked:
With a great shortage of apartments, when we list a modern apartment, and it may be lower than the norm, we ask tenants to call the agent in the ad directly, but they do not. Once advertised…
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Sun Aug 6, 2017
james turano asked:
I have been posting this question for over 5 years now.
If the average ad generates 1 dozen calls in a week and 32 e-mails, who do you think rents the apartment first. Right! the person…
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Thu Aug 3, 2017
Vldfad answered:
How do I get a copy of my deed to home in Gary In. 46406
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Thu Aug 3, 2017
james turano asked:
I place an ad for an apartment. I state call agent directly. I also state do not e-mail.
Yet here is the results from one ad last week. 19 callers and 38 e-mails.
Results apartment rented…
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Fri Jun 9, 2017
james turano asked:
APARTMENTS RENT SOMETIMES WITHIN 48 HOURS. SO WHEN YOU SEE AND AD, AND IT STATES SPECIFICALLY CALL AGENT WITH A NUMBER, PLEASE DO SO.
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Wed Apr 26, 2017
james turano asked:
Buyers who bid 10% to 20% below the asking price are wasting everyones time, including their own time.
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Mon Feb 13, 2017
Karen Peyton answered:
Contact and work with a local agent. If you wait until they appear here through syndication several days may pass before you become aware - if they are syndicated at all. Some brokers don't. ... more
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Sun Oct 16, 2016
Kathy Burgreen answered:
James - you need to get with it and know the language of tenants. Obviously as an agent you have no clue what tenants know that you don't. Here's the lowdown:

Families and friends spread the word to each other on how to rent apartments on the cheap and how to get around the law and take advantage of landlords. Very easy to do. You need to understand that housing in NYC is very expensive so for low income people, they need to do whatever they can to get into a rental. The statistics are in their favor because everybody knows it takes months to get thru an eviction and in the meantime they have a place to sleep. Most of these people are probably illegal immigrants so they are not worried about credit checks.

Quit complaining and realize your neighborhood is not the greatest. If you were to work in Bayside, Astoria, etc. it would be different because rentals there are much more expensive and you get people who have higher incomes and don't pull this crap.
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Wed Jun 1, 2016
Barbara A Flannery asked:
http://www.trulia.com/rental/3208625771-Multi-Family-Home-Middle-Village-NY-11379#photo-1
The listing above is a falsehood. The kitchen is not new at all - they have a stove that we repeatedly…
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Fri Apr 1, 2016
Kathy Burgreen answered:
Are you the owner or buyer? It's difficult to answer otherwise,
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Fri Apr 1, 2016
Celine asked:
Mon Sep 14, 2015
Oleg Volfman answered:
Hi.

I am thinking this is for a full house rental, and not just a second floor with attic space. Based on the prices on MLS right now (not knowing the square footage of the house/apt) should start around $2,000, and the higher prices go up to $3,000.

I hope that answer your question, and good luck.

If you think my answer is the BEST ANSWER, please select that.

Truly yours,

Oleg Volfman
Lisenced Real Estate Salesperson
Exit Links Realty
M 917-685-0489
F 347-710-3989
ovolfman@gmail.com
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Tue Jul 14, 2015
My NC Homes Team answered:
Sounds like the company you were with ws awful and were i you I'd be certain to make sure everyone I knew was told this. The Broker in Charge and the agent you were working with showed a complete lack of professionalism. ... more
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Thu Jun 18, 2015
james turano asked:
Reminder-June 18th-Every three months I have to post this answer. Why I do not understand. When there are dozens of tenants looking for the same apartment as you are, you must act quickly.…
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Thu May 21, 2015
Kate answered:
We worked with our realtor and found a house listed by Ms. Marion Romano of Van Dyke Realty in Manahawkin. After offering on the house in just two days, we waited two days for a reply from Ms. Romano for a response which is customarily answered in a day at most. Our agent called and called her, with no reply. Eventually, we got a response. This happened through counter offers as well, when, finally-- *we waited for nearly two days when we met the counter offer of the seller.* During the process, it was clear, Ms. Romano was doing all she could to make it as uncomfortable and unpleasant as possible for us. Finally, our contract went into attorney review and we did everything we were asked and expected to do, to meet the process effectively. Our attorney sent the contracts to the seller's attorney and...the very day the contract should have come out of review, we received a call from our agent, to tell us-- the sellers might have another contract offer for more money than our offer (which, again, was the one quoted by the sellers and which we agreed to). Meanwhile, our lives are upside down, we started a process for financing, transferred funds after closing an account to do it, called inspectors and buy-out companies to sell household items and began packing and donating things to charities. We were floored and called our attorney, who got back to us, saying he tried to contact the sellers' attorney with no reply, after three attempts. He spoke with that attorney's paralegal, who said there might be a contract offer but there was NO contract presented yet, so 'we' remained in review, without any word of our status. I should say, here, we are completely qualified, financially and in every way. with no debts or obstacles to buy the house, so there is NO problem on our end. We believe the realtor, Marion Romano, has done everything she can to create havoc and distress to us, although we have observed every protocol and followed through with every act necessary to meet the process of buying the house. She has ignored our agent's calls from the beginning of the transaction, through to the current time, when our agent was unable to make any contact with her. *As a matter of fact, to get a response to our agreement to the counter offer, our agent's Broker/Manager had to contact Ms. Romano's Broker/Manager to get a response.* Now, we are at a place where we have had to take a stand, since the feeling we get and the observation of everyone we have spoken to, tells us--this is unethical and underhanded and NOT the way a moral, honest agent and realty conducts business, with such disregard for all decency of professional practice--even to knowingly cause havoc and chaos in our lives for a reason only Ms. Romano knows. So, our attorney has written to the sellers' attorney, advising that we have not been able to make contact with regard to the dubious developments and, that said, we stand by our current offer until 12 noon 5/20/15, at which time, we should either have an approved contract out of review or withdraw it. We believe there is something unsavory happening here and we cannot support it by offering more money, when there is but one contract at this point in review-- that is ours. From the onset, we were ignored and treated in a very unethical, unprofessional and disrespectful way by Ms. Romano, even to the extent that our own realtor had to ask his Broker/Manager to intervene, so we could proceed. We did all we were asked to do and we know the sellers are very nice people, which leads us to wonder if they are aware of what has been going on and whether they would support it. Surely, the agencies and authorities that monitor, control and assess the integrity of realtors and the real estate agencies have a vested interest in assuring a standard of practice and ethics that keeps the industry from abusing people, as we feel we have been. We regret, since we have shared our bad experience with Ms. Romano and Van Dyke Realty with many people, both personally and online, we are learning such practices are disturbingly common. It seems almost illegal to allow an agent to seemingly pick, discriminate and choose how and who and when she will sell a property, which is what it seems is what she is attempting here. It is very disturbing, indeed. Of course, we will continue to share our bad experience and hope it will prevent havoc, distress and chaos from being inflicted on another innocent, trusting real estate buyer, particularly referring to our experience with Ms. Marion Romano of Van Dyke Realty in Manahawkin, NJ.
At this writing, we are waiting for the 12 Noon deadline, May 21, 2105, to learn whether we have been, in all effect, cheated of the home we believed we purchased with every honest means required of us. Thank you for reading my letter and I hope you will give me some input.
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