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Freeport : Real Estate Advice

  • All21
  • Local Info5
  • Home Buying3
  • Home Selling0
  • Market Conditions4

Activity 10
Dorothy Brown, Home Buyer in 11701
Thu Aug 4, 2016
Dorothy Brown answered:
Please share with me a where the cheap houses I am sell ing my coop I live in freept
0 votes 10 answers Share Flag
Jali887, Home Buyer in Freeport, NY
Tue May 31, 2016
Jali887 answered:
Yes it was, most of South Free port was flooded. I am a resident
0 votes 1 answer Share Flag
Nicole Mende…, Renter in Queens, NY
Thu Jan 21, 2016
Nicole Mendelsohn asked:
the neighborhood. However, repeated searches keep warning people away from Freeport because of the schools. I'm not worried about elementary for our youngest, but we have one that…
0 votes 0 Answers Share Flag
Detchey, Home Buyer in Freeport, NY
Wed Sep 30, 2015
Detchey asked:
Shafia, Home Buyer in West Hempstead, NY
Mon Apr 6, 2015
Shafia answered:
The taxes for this year are round about total of $11,000
0 votes 1 answer Share Flag
Mary  Sikors…, Real Estate Pro in Rockville Center, NY
Mon Mar 17, 2014
Mary Sikorski answered:
There are many areas of Freeport which were not affected by Sandy, but they still are close to such attractions as the Nautical Mile. I know this since I live just north of Merrick Rd. in a co-op which suffered nothing from Sandy. Even the electricity was only out for a few hours. I would advise anyone to look at each property on an individual basis.

Mary Sikorski
EdMcNulty RealtyLLC
... more
0 votes 2 answers Share Flag
Linda Reynol…, Real Estate Pro in Oceanside, NY
Sat Jan 25, 2014
Linda Reynolds answered:
Yes this house located on Randall Bay is for sale with an asking price of $589,990
0 votes 3 answers Share Flag
Trevor Curran, Real Estate Pro in Great Neck, NY
Tue Apr 16, 2013
Trevor Curran answered:
Good morning lovely.linda2,

In my 23 years as a Mortgage Banker I've found my clients have the most success in determining "how much will a Seller accept" by making an OFFER!

First things first: when making an offer, focus on what your monthly payment will be for the mortgage financing, including taxes and insurance. If that payment is within your means, then your Mortgage Banker will determine the maximum loan/purchase price for you based on all the factors of the monthly payment, your down payment and your mortgage qualifications.

Begin making an offer with the following standards:

1. WISH LIST. Does the home meet MOST of the requirements from your Dream-Home-Wish-List? The Dream Home exists only in our minds; it's NOT out there waiting for you to stumble across it one Saturday afternoon. But you can find the right home using your Wish List. When you find the home that meets most of your requirements from the wish list, then it's time to make an offer.

2. FORGET LIST PRICE. Based on your own research, shopping in your chosen area, select the price you're most comfortable with, regardless of list price/asking price. In other words, you'll find a home listed at $268,000, but you've seen at least a dozen other similarly constructed homes in the immediate area priced or sold at $235,000. What makes this home so special that it's priced $33,000 more than the average price? Remember, your Lender will appraise the home based on similar homes and those prices.

3. MAXIMUM OFFER. Never exceed the price based on your mortgage qualifications, no matter how much you LOVE the home. You have to be able to afford the payment for the next thirty years. That in-ground swimming pool you love isn't going to pay the mortgage for you!

4. OFFERS ARE NOT PERSONAL. An offering price can NEVER be misconstrued as an insult to the homeowner. This is business; you're not going to hurt anyone's feelings! Make the offer based on a price you're most comfortable with!

5. OPENING OFFER. NEVER open with your maximum offering price. Test the waters with your opening bid: you want to see if this Seller is a SERIOUS Seller who understands this is a BUYER'S MARKET. If there's no reaction to your offer---assuming the price you offered is within the reasonable range of current market prices---you may be wasting your time with this home/Seller. It might be time to move on to another home.

See my "Five Steps To Making An Offer" for the best way to negotiate on your home purchase.

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

*If you thought my answer was helpful, please give me a "Thumbs Up" or "Best Answer." Thanks!
... more
0 votes 6 answers Share Flag
Dan Chase, Home Buyer in Texas City, TX
Tue Feb 5, 2013
Dan Chase answered:
You have to sign the contract by 4-30-2010. If you miss it most likely it will expire never to be seen again. But you never know for sure.
0 votes 6 answers Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Tue Jul 17, 2012
Anna M Brocco answered:
For flood zone information see links below...also consider asking the seller if any homeowner insurance claims were made due to flooding--ask for a CLUE report...
... more
3 votes 3 answers Share Flag
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