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Home Buying in Hopewell Junction : Real Estate Advice

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  • Local Info4
  • Home Buying17
  • Home Selling5
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Activity 17
Wed Jun 14, 2017
Sally Grenier answered:
I'm sorry, but this isn't the place to file a complaint. This is just a website. You can try contacting your state real estate commission and see if they have a process for consumers to file a complaint about an agent. ... more
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Fri Aug 16, 2013
Juliegogel answered:
Sorry I didn't make clear ! My home is a rental property. My realitor brought offer from other agent for buying ! The buyer agent told my agent from the beginning these people were to live there. But after signing purchase agreement the buyer agent client wanted to change all paperwork into business contract ! Which I refused due to not negotiating with a company whom I thought were people to live! But they then said paperwork to remain original ! But I'm upset of being lied to so filing a grievance toward realtors! So I'm guess I have to close due to original purchase agreement? ... more
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Sat Apr 27, 2013
Stephen M. Cicman Iii answered:
If there are a few sales of very expensive homes in the area this can dramatically increase the average sale price. This effect is amplified in a market with few monthly sales creating an average sale price not representative of market conditions. ... more
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Thu Feb 28, 2013
Christopher Pagli answered:
Hi, You can visit www.SchoolDigger.com, www.GreatSchools.org, and www.SchoolMatters.com for in-depth reports.

Christopher Pagli
Accredited Buyer Representative
914.406.9023
0 votes 3 answers Share Flag
Sun Feb 10, 2013
John Durso answered:
Hi Mary,

They rented it. Any others you want info on? Call me 845-591-5274
0 votes 2 answers Share Flag
Wed Feb 6, 2013
answered:
I have two observations on your question, and sorry I'm so late to the game...

1. Scrutinized? Real estate markets are open markets. Buyers and Sellers negotiate freely in those markets. Most all real estate commissions are paid by Sellers, not Buyers. (Don't think because it's included in the price the Buyer is paying it; if the Seller could get that price without the commission they would and the Buyer would pay it!). Sellers are free to negotiate with different real estate brokers to establish the terms of their contract to list and sell the home. This includes negotiating the amount of the commission. No one is forcing the Seller to pay; certainly no one is forcing the Seller to pay 6% commission. So, what is there to scrutinize? And who would do the scrutinizing?

2. Speaking of the real-estate debacle: do you remember Foxton's? This was the famous real estate brokerage that undercut all other real estate firms with a low 2% commission (I think it was 2%, I'm old, I forget stuff). Oh, you've never heard of Foxton's? That's because the firm couldn't survive in a "normal" real estate market with such a low commission structure. It costs money to run a business that is dedicated to doing one thing, like build computers, process credit card transactions (a nod to Mack: PayPal) or sell homes.

Post meltdown I met many former Foxton's agents as they transitioned over to other real estate offices to attempt to continue their real estate sales careers. I've been doing this a LONG time and I found many (but not all) of these former Foxton's folks to be only a step above "clerk" in terms of their sales abilities. In my travels throughout my local market here and the many real estate offices I have visited since the meltdown, I noticed that many of these former Foxton's folks are long gone; they couldn't cut it. I guess that says something both about what skillset was required to earn a 2% commission. Those Foxton's agents---and there are many---who successfully transitioned had the necessary understanding of sales as a profession.

3. I bought my first home from a FSBO and sold it years later myself as FSBO. I'm not a real estate agent, never have been. But I'm a professional salesperson with lots of real world experience in the real estate industry. I will tell you in both situations, the buy and then the sell, I wanted to shoot myself several times due to the frustrations of dealing with people who were neither sales professionals nor experienced in real estate transactions. In other words, I muddled through the FSBO experience, but only with much aggravation and I would not recommend the average person do the same.

4. There's nothing "punitive" about the process of buying a home (except trying to get a mortgage in the "punishing" lending environment of 2012-2013!!! LOL). It's a happy time buying and selling a home and there's a process and a system in place. Hiring professional salespeople to sell your home and pay them a fair, market-based commission to do so isn't such a terrible part of the process. Visiting homes with Purple wallpaper, shag carpets that haven't been shampooed since the 80's, now THOSE are terrible parts of the process!

5. You can wash your car yourself, but doesn't it look so much better when you bring it to a professional? And that's just washing the car! Selling a home is a bit more complicated; just a bit. :-)

Oh, wait, that's FIVE observations. I get carried away sometimes...

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
1 vote 16 answers Share Flag
Thu Aug 30, 2012
Nirmala Caraballo answered:
Dear Richard,

You can also obtain open house information from Trulia. All you have to do is search the area that you are interested in and the open house section is located on the left side of page. If you are interested in any specific listing, you can also schedule an appointment to view the property (preferably with your own agent) based on your schedule.

I would suggest that you hire your own agent, the sellers/listing agent (they represent the sellers and their best interest). You do not pay a fee to have your own "buyer's agent" represent you in NYS, unless otherwise agreed to.

Good luck.

Nirmala Caraballo
Licensed Real Estate Agent
Cruse Realty / Cruz Network of Realtors
Tel.: 646-479-7873
Email: nhcaraballo@yahoo.com
... more
0 votes 3 answers Share Flag
Mon Apr 16, 2012
David Friedman NMLSR ID 404771 answered:
If you haven't completed your purchase by now, absolutely ask what the actual lender fees are. All 3rd party fees will be similar, but the individual lender can charge what they want. It may also include a cost to buy down the rate which may or may not suit your personal situation. If you aren't comfortable asking questions of your lender, I suggest changing lenders. We work for you and there has to be a level of trust for your purchase to go smoothly. ... more
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Sun Jan 30, 2011
Bill Eckler answered:
It's great to hear feedback from people that appreciate the efforts of the trulia Pros.
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Sat Jan 29, 2011
Pat & Steve Pribisko answered:
It depends on what is negotiated. Sometimes a Seller will accept an offer with a fixed purchase price and agree to the concessions as well. Other times a Seller will counteroffer with an increased purchase price equal to the dollar amount of the concessions. In addition, sometimes there is a negotiation where the Seller & Buyer end up with a combination of the two. Every situation is different. Every home is different. Every negotiation is different. Make sure you retain a good Buyer’s Agent to assist you in the whole purchase process. ... more
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Sat Jan 29, 2011
Corey Grushin answered:
Vinny if you are required to have PMI for your loan then it MUST be escrowed. The minimum time you are required to carry PMI a new policy is 24 months. After this time has passed if you believe have obtained 22% equity (between appreciation and paying down the loan) in the property you can contact the bank that is holding your loan, ask them for a list of approved appraisers in your area and pay for a new appraisal. You can then submit the appraisal to you bank and ask to have the PMI cancelled.
If you did a FHA insured loan then you will be required to carry the MI premium for a minimum of 5 years before you can ask for it to be cancelled.
... more
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Sat Jan 29, 2011
Anna M Brocco answered:
Yes, title insurance should be purchased--protect your investment.....
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Sat Jan 29, 2011
answered:
Vinny, as Corey mentioned, there are times when the buyer pays the transfer tax. If you are buying a short sale, foreclosure, or new construction, you probably are. Because we usually send you a GFE before we see the contract of sale, we cannot confirm whether you are responsible or not. Just because it is on your GFE does not mean that you are paying it. If your contract of sale says that the seller is paying, then they are. As mentioned by all the other loan officers, we would rather err on the side of caution so we don't have to pay. I heard a story at a closing, told by the title closer, where a loan officer who was handling things for a Merrill Lynch client did not disclose the transfer tax, it was due at closing, on a very large purchase, and Merrill had to cover the transfer tax. Not sure who was responsible for these new RESPA laws, but we are not loving it, and it seems to only confuse the buyers. ... more
0 votes 10 answers Share Flag
Sat Jan 29, 2011
answered:
Hi Vinny,

$23,000.00 definitely does sound high but it's impossible to say for sure without knowing a few things.

1) Does that include your down payment?
2) How much are the property taxes?
3) Are there any transfer taxes included?
4) Does your GFE show any credits?
5) What is your purchase price/loan amount?
6) * What are the total lender/broker fees?*
7) What is the interest rate you were quoted?

# 6 is probably the most important question
... more
0 votes 6 answers Share Flag
Mon Jun 22, 2009
Regina D'Afflitto answered:
Local lenders know the area, use local appraisers and work well with real estate agents to get things closed in a timely manor. But using smaller brokers will guarantee your mortgagee sold at closing. Using a major bank like Wells Fargo also has it’s advantage. They have many programs and also local mortgage reps. Depending on the programs they may keep your portfolio within Wells Fargo. Bottom line is who gives you the best rate and lowest fees. After closing, it’s just you and your monthly payment. ... more
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Mon Jun 22, 2009
Carol Culkin answered:
In my opinion, the most financially responsible approach to homeownership is to pay down debt as much as possible before taking on a mortgage payment. Otherwise, you may never catch up. Owning a house will always involved further expenses after the closing. Lender approval for home financing will also depend on your credit score and the chances of improving your individual score will increase once you owe less than 30% of your available credit lines. A good mortgage rep will give you tips on paying off debt and positioning yourself for a home purchase. ... more
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Mon Jun 22, 2009
Gregory Schreiber answered:
What metric are you referring to in terms of fastest growing?
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