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Home Buying in Elmont : Real Estate Advice

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  • Local Info4
  • Home Buying16
  • Home Selling3
  • Market Conditions7

Activity 15
Fri Aug 19, 2016
Jacquelinenedd asked:
Wed Sep 2, 2015
Karen Renard answered:
If your looking to purchase an investment property, please contact us at Baldwin Finanacial Services
(516) 379-2212 or (631) 478-1401
0 votes 1 answer Share Flag
Thu Jun 19, 2014
Oleg Volfman answered:
Hello Lisa.

What is the reason you are getting evicted is the bottom line? Also, where are you looking to rent?

If my response was helpful, consider clicking BEST ANSWER!

Thank you for your valuable time!

Oleg Volfman, CBR, RSSP
Lic. RE Agent, Office Manager
Quick Deal Realty, Inc
www.quickdealrealty.com
Office 516-599-5559
Mobile 917-685-0489
ovolfman@gmail.com
... more
0 votes 5 answers Share Flag
Mon May 5, 2014
Malgorzata Ringston answered:
If your home turns out to be worth less than you owe, talk to your bank about short sale. This means you are short the amount of money you will need when you pay off your loan. The process is long require to file mounds of paper work about your finances and your problems. You will most likely have to be behind in payment already, to even qualify. You should try to get qualified for short sale before you put it on the market. It will make the process faster when you get an offer. ... more
1 vote 8 answers Share Flag
Mon May 5, 2014
Malgorzata Ringston answered:
On web 177 CarnegieAve in Elmont is not for sale. House was sold 11/12/1998. If you are the owner and information is not correct I suggest look into public records and fix it.
1 vote 1 answer Share Flag
Sun Jun 23, 2013
Anna M Brocco answered:
Why not simply contact a few local insurance agencies and ask for free quotes....
2 votes 2 answers Share Flag
Sat May 11, 2013
Thomas Brady answered:
Hi Columbianmuneca, if you e-mail me a list of homes you might be interested in I can e-mail you the approximate property taxes. Or, send me the things you need in a home and your price range and I'll e-mail you listings that are available and list the property taxes.
Thank you
Tom Brady SFR, e-PRO, SRES, GREEN, BPOR
Licensed Real Estate Salesperson
Notary Public, Retired N.Y.P.D. Lt.
631-682-8660
Tom@BradyFamilyRealty.com
www.BradyFamilyRealty.com
www.SuffolkFreeCMA.com
www.NassauFreeCMA.com
#1 Listing & Selling Office on Long Island
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 104
Plainview, New York 11803
... more
0 votes 2 answers Share Flag
Tue Apr 16, 2013
answered:
Typically your Home Inspection will alert you to problems in five key areas, and these key areas directly relate to the contract of sale:

1. Foundation: sound and solid
2. Roof free of leaks
3. Plumbing working and leak-free
4. Heating system sufficient and operating
5. Electrical system sufficient and up to code

If there is a serious problem with any of these five items, typically the Seller has a responsibility under the terms of the contract of sale to repair the problem at their expense, not the Purchaser's expense. Sometimes a Purchaser will receive a credit at closing to repair one of these items (assuming the home and the defective issue has not compromised the Lender's appraisal). When the Purchaser receives a credit at closing, the amount of the credit is based upon legitimate estimates for repair and negotiations between the Attorneys representing each party.

Other items you discover are in need of repair/upgrade (i.e. diswasher not operating properly; air conditioner on second floor inoperable, etc.) can be negotiated for a repair credit or replacement at the Seller's expense. Again, these negotiations are handled by the Attorneys.

It is extremely RARE that a purchase price is reduced due to repairs from a Home Inspection. Best to consult with your Attorney for more detailed information in this area.

If you don't already have a good real estate Attorney and you're shopping for homes, you need to reverse your process. First, get properly prequalified for mortgage financing by a Local Mortgage Banker. Second, line up your Attorney. Third, line up your Home Inspector. Fourth, line up a great local Realtor with personal experience in the area in which you'd like to buy.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a "Thumbs Up" or "Best Answer." Thanks!
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0 votes 6 answers Share Flag
Tue Apr 16, 2013
answered:
Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.


Saving money for a down payment? Well, heck, you can do that on your own.


If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.


Find a way to save up on your own; not with Rent To Own.


Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.



Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a "Thumbs Up" or "Best Answer." Thanks!
... more
0 votes 3 answers Share Flag
Sat Feb 2, 2013
Joann Marmol answered:
You can also visit spotcrime.com
0 votes 2 answers Share Flag
Sat Dec 3, 2011
Joni Van Stavern answered:
Evelina,

All I can can suggest to you , you must buy the home you can afford. I have seen in today market that that the Mortgage rate are extremely low right now; but as with everything it is constantly changing. it might be 3.75apr now but it may change (up or down) next year, next month or even tomorrow. None of us can predict the future; but what I can tell you is talk to a Mortgage Specialist I work with one of the best. See what you can afford and go from there.

All I can tell you is if you would like a higher priced home - now is the time to buy it... if you can afford it. I have worked will several people on selling their home and buying new ones, I have very interesting stories about that.

If you would like to look into this further please do not hesitate to contact me.

Warmest regard,
Joni Van Stavern
917-202-7476
http://a251882.listingbook.com/
... more
0 votes 7 answers Share Flag
Fri Sep 24, 2010
Ian A. Wolf answered:
The seller must have dictated that he/she wants every buyer evaluated by a specific lender. This has become much more common place now than before due to many lenders having trouble closing loans. It is normal. You also should have the choice to use whomever you wish unless an incentive is tied to using a specific lender. If you don't cooperate in helping the seller see that you are lendable it could weaken your ability to purchase in the eyes of the seller. Hope that helps. ... more
1 vote 3 answers Share Flag
Thu Jul 29, 2010
Anna M Brocco answered:
According to MLS--the property is a short sale and pending bank approval--therefore currently not available--If you are interested in the Elmont area, MLS is currently showing 219 properties as available--you can also check out www.mlsli.com for additional information. ... more
0 votes 2 answers Share Flag
Sat Mar 27, 2010
Brian McMurray answered:
The process is getting better and faster all the time. Make sure to have a quality home inspection so you're aware of any issues you may be buying. Or also to enable you to back away if the issues are too big. ... more
0 votes 8 answers Share Flag
Tue Aug 11, 2009
Lynn Pisani answered:
Dear Neo,
Check out my website www.lynnpisani.listingbook.com where you can acquire a free account to have available properties sent to you electronically. You can customize your criteria and explore any town you might be interested in. This system has received rave review s from all of my customers and clients as it puts them in the drivers seat and allows them to them to search the mls system like an agent from the comfort of their home or office. You too can take advantage of this system so check it out.
Call me if you have any questions or would like to meet with me and my partner, Mike Pisani.
Lynn Pisani GRI CBR PSC
Lic. Associate Broker
Lic. Property Staging Consultant
Prudential Douglas Elliman Real Estate
516-547-1356
... more
0 votes 3 answers Share Flag
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