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Herkimer County : Real Estate Advice

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Activity 40
Thu Jan 4, 2018
Hank H answered:
I got a 30 year VA mortgage at age 58.
0 votes 14 answers Share Flag
Wed Oct 11, 2017
Amanda Chalkley asked:
I live in a small upstate new york community zip 13365. If I decide to become a real estate professional, shouldn't I choose a large city with higher sale prices like Boston for example?…
0 votes 0 Answers Share Flag
Sun Dec 13, 2015
My NC Homes Team answered:
ent to Own is more urban myth than reality. There are only two situations where someone like yourself will encounter "Rent to Own" and neither is desirable.

In the first situation the Seller has been unsuccessfully trying to sell their property often for a year or more and they cannot find a buyer. The reasons for this can be many such as; high crime rates, terrible condition of the property, stigmas the house may have such as some one murdered in the home, or a home used as a meth lab for example. There are others but I'm sure you get the idea. In this case the seller is so anxious to sell their willing to do anything, but Buyers should ask themselves why would I want to inherit this Seller's headache?

The second situation is in my opinion actually worse: it's when very savvy Sellers set out to intentionally take advantage of less savvy Buyers. They never have any intention of the Buyer owning the home and the contract they prepare almost ensures that a Buyer will never be successful in meeting the terms. Their intent is to get above market rental income with the promise that one day you'll own the property and if by chance you actually were able to fulfill the terms of their agreement their OK as they got well above market price for the property, but what happens 95+% of the time is that they simply take the home back when a buyer fails to fulfill one or more of their contract terms and they then repeat the process.   I've been active in all aspects of residential real estate for more than three decades and can honestly report that I have never once met a single buyer who was successful with "Rent to Own" 

Right now we're in a strong sellers market, and frankly there's no reason any legitimate seller would offer a Rent to Own option, that said it's very possible given today's low interest rates that you may be able to buy a home. The best way to find out for certain is to speak with an honest lender.
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0 votes 1 answer Share Flag
Tue Oct 27, 2015
Karen Peyton answered:
I don't know if it's possible to - die "from" death, but you can certainly Google the property address (which is not shown) for information, and/or contact the local police department.

Best of luck!
... more
2 votes 2 answers Share Flag
Fri Apr 17, 2015
Karen Peyton answered:
Fri Apr 3, 2015
Sean Murphy answered:
I'd call in because if you broker has a package it is usually associated with a specific email address which may not be the one that you are currently using. In order to save you the pain of merging accounts later I would call in and have them give you some direction. Once they do this your profile, listings, and everything else should syndicate accurately. Good luck. ... more
0 votes 1 answer Share Flag
Sun Mar 15, 2015
Ron Krauch answered:
You'll have to choose a Realtor listed in Trulia that does business in the
13365 zip code. A good Realtor will have access to the public records and history on the property.

Good Luck! ... more
0 votes 1 answer Share Flag
Sun Feb 15, 2015
Mar Es Mee answered:
No it's not rural it is a suburb
0 votes 1 answer Share Flag
Tue Jan 20, 2015
Patricia Priset asked:
Thu Oct 9, 2014
Annette Lawrence answered:
As a unrepresented buyer, you wait until a sign appears on the front yard. It could be another year.

There are many processes a lender can use to dispose of such real estate.
You would be well advised to have your REALTOR get plugged into that property so when the process start is tripped, you can be at the front of the line.

IF it's Fannie Mae, you will not be allowed to cherry pick. You will compete just like everyone else.

I'm in the process of closing one now, and 5 days before closing, find a $360,000 code violation lien on the property. Of course that is easy to resolve, but in the real estate environment, there is a surprise around every corner.

Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor FL
Exercise your real genius, get a CIS Score for your home.
... more
0 votes 1 answer Share Flag
Tue Sep 30, 2014
Whiskey7 answered:
Isn't that the Davis man that passed away right outside the old pizza shop on Route 28?
0 votes 3 answers Share Flag
Thu Sep 4, 2014
Adam Pandori answered:
The population of New York state is not decreasing in total number. It just isn't growing as fast as the other states in the Nation. Depending what area of "Upstate" you are looking in, there are plenty of ways to make great investments. There are plenty of great investments especially around the Capital District into Saratoga County. Depends how much money you would like to spend though. ... more
0 votes 4 answers Share Flag
Thu Sep 4, 2014
Adam Pandori answered:
What home are you referring too? Have a street name?
0 votes 1 answer Share Flag
Wed Sep 3, 2014
Thomas Moser answered:
You don't say which home you are asking about.
0 votes 1 answer Share Flag
Wed Jun 25, 2014
Ron Creighton answered:
Ron Creighton, Agent, Frankfort, NY

Yes, the lot fee is $359 and the taxes, water, sewer, trash and mowing the lawn and weed whacking are all what you get for the lot rent. So in other words you will not be paying any taxes! ... more
0 votes 1 answer Share Flag
Sat May 3, 2014
ufo76lf asked:
Sat Nov 2, 2013
Monique Avakian asked:
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