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Flatlands : Real Estate Advice

  • All38
  • Local Info3
  • Home Buying10
  • Home Selling0
  • Market Conditions4

Activity 23
Sun Nov 2, 2014
Peter Mancini answered:
normally It is 2 years but it you are going to save cash or years then jump in always ask your account/financial advisors first good luck
Peter Mancini
Madsionestates
0 votes 6 answers Share Flag
Wed Feb 19, 2014
Joseph Runfola answered:
Hello Ashiq, this address is protected by the NYPD's 63rd Precinct, here is a link to the most accurate and up to date crime statistics for that area; http://www.nyc.gov/html/nypd/downloads/pdf/crime_statistics/cs063pct.pdf ... more
0 votes 1 answer Share Flag
Thu Feb 13, 2014
Jeanne Feenick answered:
The market is moving a quick pace - you are seeing that for sure. It can be frustrating when you encounter stale info time and again. Anna is right - it can be especially true on third party sites where updates may fall behind that of the MLS.

It sounds to me as though you are "ready" - if so, then align yourself with a great agent so she/he can be watching the hot sheets for you intraday.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
... more
0 votes 4 answers Share Flag
Sun Oct 20, 2013
Luis Estrella answered:
Hi,

Whats your price range? Is there any specific area your looking to live in? Give me a call 917-602-0293 or Email L.Paulino@Hlresidential.com.
0 votes 1 answer Share Flag
Tue Oct 15, 2013
Madeline Padovano answered:
hi vincent
there is no link here to any property
0 votes 1 answer Share Flag
Tue Oct 8, 2013
Mitchell Feldman answered:
Dear Jc.chijade:

If the property is placed on a Multiple Listing Service the agent would be required to share the listing with other agents who are members of that same Multiple Listing Service. If the property is not placed on a Multiple Listing Service then it becomes a question of if the listing agent is a member of the National Association of Realtors. If they are, the Realtor Code of Ethics states that the agent must be willing to share the listing with other agents who are also members of the National Association of Realtors. However, just because the agent would have to share in that happenstance... the agent does not have to compensate your agent... hence, you may have to pay your agent their fee instead of the seller paying it. And that would add to your closing costs.

In most cases agents usually are willing to share their listings, if they do not want to share it may be because there is so much activity on the property that the agent and/or the homeowners do not feel the need to share or co-broke the listing.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 4 answers Share Flag
Sun Sep 22, 2013
Marlene J Bertman answered:
i own a sophisticated one bedroom coop that doesn't require 20% down, allows pets, is on the beach,
and can be bought with the tenant (as an investor) or as a user (without the tenant). call me:
marlene, 310-475-7071 (be mindful that this timezone is 3 hours behind new york)
... more
0 votes 7 answers Share Flag
Tue Aug 20, 2013
Trevor Curran answered:
Rent today; Buy tomorrow. How to convert from Tenant to Homeowner.

When I rented my first apartment in Astoria, I did not want to be a Tenant my whole life and pay my Landlordâ€s mortgage. I longed to become a Homeowner.

That’s why I found my way into the mortgage business in 1989 and soon afterward became a Homeowner. Here are the fundamentals any Tenant should know to prepare to become a Homeowner in the future, no matter when that might be.

• Credit: Establish 3 credit accounts, no more than 5. Pay your bills on time. Keep your balances to no more than 50% of your credit limit. Don’t pay off the accounts in full. Keep balances active for 12-24 months. All of the above will provide both a good credit score and adequate credit history to qualify for a mortgage loan.

• Assets: A basic savings budget isn’t hard to do. Pay your rent first in your budget; then set aside 10% of your income before taxes . Make it a budget priority and you’ll still have money left over for entertainment and restaurants and clothing.

How much money do you need to buy a home? Many buyers spend no more than $25,000 to buy their first homes. There are loan programs with low down payment requirements and many real estate agents negotiate for their Buyers a “Seller’s concession” to include the Buyer’s closing costs (which are HIGH here in New York!) in the price of the home.

• Income: Two years consistent income is the basic requirement for either a salaried individual or a self-employed person. Income from Bonus, Commission, and Overtime is treated differently and is best discussed with your Mortgage Banker.

• Market Survey: it doesn’t hurt to go out and get to know neighborhoods where you might like to buy a home. Visit open houses on Saturdays and Sundays. It’s okay that you’re not yet buying; tell the Realtor at the Open House you’re just beginning your “survey.” You’ll also get to know market prices for different kinds of homes. It’s okay to “window shop” homes on the weekend at Open Houses!

I hope these fundamentals will help you better understand the path to homeownership is a process that, with preparation and dedication, you can move through easily. And if you’re interested in getting Prequalified today to create an Action Plan for your future of Homeownership, call me anytime!

Trevor Curran
NMLS #40140
www.tcurranmortgage.com

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 1 answer Share Flag
Tue May 28, 2013
Tanya Rhody answered:
Perhaps you should call an agency and ask to speak to a Realtor. Then you can discuss with that agent about them becoming your full time representative. Then you can have all of the answers you need in one place. ... more
0 votes 9 answers Share Flag
Wed Mar 6, 2013
Rhonda Holt answered:
Hello I specialize in selling co-ops in Old Basin for the last 7 seven years now. The reason the co-ops sell often because Kings Village Cooperative has five buildings which is a total of 785 units, so people are always moving in, moving out, downsizing and upgrading to larger units so there's always activity.

If you need an experienced broker that knows all the ins and outs for buying and selling co-ops just give me a call.
... more
0 votes 5 answers Share Flag
Sat Aug 25, 2012
Trevor Curran answered:
Good afternoon Melissa,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.

Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.

For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."

And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.

There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay. It's a Buyer's Market, after all!

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
... more
0 votes 1 answer Share Flag
Sat Aug 4, 2012
Anna M Brocco answered:
See link for helpful information. http://www.hopstop.com/search
0 votes 1 answer Share Flag
Sat Jul 28, 2012
Trevor Curran answered:
Good morning Kenny,

The addresses you describe are typical for Brooklyn. How New York City arrived at the address designation is as esoteric as Brooklyn properties addressed as 3209 but in Queens a similar address would be 32-09. Go figure.

Bottom line: if you are purchasing this property be sure your attorney and your Mortgage Banker know the exact address of the property. Double-check all documents throughout the transaction; people make typo's and leave off the "A." Especially if you're working with an out of state mortgage lender you must take extreme care of the address designation on your documents.

Trevor Curran
NMLS #40140
... more
0 votes 5 answers Share Flag
Fri Jul 27, 2012
Tina Rossetti answered:
Mon Jul 23, 2012
Anna M Brocco answered:
Not sure what public services you are referring to, however consider a Google search; if referring to public transportation see link www.hopstop.com/
1 vote 2 answers Share Flag
Mon Jun 25, 2012
Robert Gross answered:
Hi

I cover all of Brooklyn and I got in new inventory today.

Please reach out so i will direct you to your rental.

Best,

ROBERT GROSS
Skyline Group Real Estate.
Cell718.614.1066
office.718.923.9601
www.skylinegroupny.com
rgross@skylinegroupny.com
... more
0 votes 7 answers Share Flag
Mon May 7, 2012
Anna M Brocco answered:
Since no link is visible--either contact the listing agent, or any other local agent/realty office and ask, or contact the local tax assessor's office.
http://www.nyc.gov/html/dof/html/property/property.shtml ... more
1 vote 3 answers Share Flag
Tue Sep 28, 2010
Joseph Runfola answered:
No. We use an Offer To Purchase which is non binding.
0 votes 6 answers Share Flag
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