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Kew Gardens : Real Estate Advice

  • All38
  • Local Info1
  • Home Buying16
  • Home Selling2
  • Market Conditions1

Activity 25
Thu Aug 17, 2017
Dancohen33244 answered:
100K down will get you nowhere in Queens if you planning to buy a single family house. Coops or 1 bedroom condos should be fine. But not a single family home unless it's in a not so good neighborhood. Multifamily? forget it.

Even if you qualify to buy multifamily house in a good place with a 900K loan, you will still lose your bid to the homes you want because you are competing against to other people or foreigners who has at least 30% down, meaning a minimum of usually 300K down and they tack on ridiculous 5 digit amount to the asking price (some even more than 100k OVER a low asking price) if the property is a multifamily and nice enough neighborhood, which is insane. In fact, they can buy 1 million dollars home with all cash if they want. But those foreigners have cash to launder and will need to buy RE to launder the money.

But I also see a slow down now as foreign money from China can't come in easily and also money dried up the past 2 years as they tack on crazy 6 digits amounts for those 2 years. Now the prices are overshooting and many start to come down a bit. Yet most agents aren't coming to their senses yet, especially the Asian ones. But I mean hey, I'm stating the truth and in no way stereotyping. No Chinese, no booming RE market in queens. Just take a look at the buyer percentages and their last names for the past 2 years.

The thing is the higher price ones aren't selling like hotcakes as they used to (I mean 1.4M for 2 family?..how is the rent going to cover). The lower the price, the more bids they will come in and that's some tactics agents use now a days.
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Fri Jul 22, 2016
Dehne (danny) Ambatchew answered:
I have a two bedroom two bath coop 1200 sq. ft. for $330,000 maintenance $1350 includes everything doorman building, pool, terrace, briarwood, available immediately. Needs a little work. Call (917) 319-0964. Danny ... more
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Mon Apr 13, 2015
Alejandra Figueroa answered:
Wed Jul 30, 2014
Pam Cavallary answered:
In my experience of being a licensed realtor the feedback from landlords is because people leave the apartments smelling, damaged floors and noise factor. Unfortunatley the past experiences have ruined it for the people that do take care of their homes and pets.. ... more
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Wed Mar 12, 2014
Brock Lee answered:
Having a resource to help with HOA information and documents makes life easier for real estate agents. Recently, when selling a home in Ohio, Association Online provided me with all the HOA details for the listing, and then provided all the documents - by-laws, financial statements, covenants, etc. They made sure the package was complete, making my work easier. Their web site is well organized and very easy to use - www.associationonline.com . Call their team of experts – they are great to work with (970-226-1324). ... more
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Tue Sep 17, 2013
Anu Dutta answered:
Not sure which property you're talking about.
0 votes 5 answers Share Flag
Mon Sep 9, 2013
Luisa Giambrone answered:
Sorry, the apt. is not pet friendly
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Thu Aug 15, 2013
Robert Paquette answered:
I understand your impression of bait and switch. It truly must seem that way. But the truth is the listing typically stays on the Internet Sites as available until at least under contract and mostly until sold. Event then most folks don't see the status above the price or it doesn't update as quickly as it should or should be updated.

Most of what happens is that you see a listing that went under contract very often. Particularly now being July 2013, properties are moving quicker.

Its really best to enter into a relationship with a good agent early and work as a team to locate a really good property. One even better solutions is for you to be represented as buyer client. That way you enable your agent to access private/exclusive listings for you as well as For Sale By Owners. Most buyers don't understand this concept. If you want more information, please contact me directly.
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Tue Jul 30, 2013
Ruth and Perry Mistry answered:
Hi David

Get in touch with the many fine local agents responding.

You may have to put a higher down payment, or pay in advance for a few months, but there are solutions.

Good luck

Perry
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Wed Jul 24, 2013
Belal Mohd answered:
There are 3 for sale now.
D3F - 2BR 1Bath $249K
A4J - 2BR 1Bath $250K
A2B - 2BR 2Bath $350K
0 votes 1 answer Share Flag
Sat Sep 15, 2012
Singh Sp answered:
i would like to buy it directly from you.what are board restrictions on renting out apt after purchase.will i have to occupy it for sometime.
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Mon Jul 30, 2012
A Buyer answered:
Sun Jun 24, 2012
Fauzzie answered:
Hi Kristin,

If you are still looking for a condo unit, do look at what I have to offer.

The building, The Horizon was built in 2006. LIRR-Westbury Station is just across the street. It's just 1/2 hr ride to Penn Station. The building is pet friendly.
http://www.forsalebyowner.com/listing/HMCFB

Do email me at fhanim@gmail.com if you have any question. I am more than happy to assist you.

Sincerely
Fauzzie
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0 votes 7 answers Share Flag
Fri Aug 5, 2011
Emily Erekuff answered:
Hi Yael,

If you're looking to remove an open house time from Trulia, access the link below to navigate to your My Listings page. Click on the open house time for the property in question. You should then find yourself in the open house editing section where you can either update the date and time, or hit the red X to delete the entry entirely.

Let us know if you experience any difficulties with this update, or if you have any other questions.

Best Wishes,

Emily Erekuff
Community Moderator
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Mon Jul 12, 2010
Manu Kapoor answered:
It is possible to own real estate in the United States as foreigner.
The down payment increases when u r not the resident here in the US.
0 votes 6 answers Share Flag
Fri Feb 26, 2010
Joseph Hastings answered:
Long story short. Resale, most likely (almost always) Yes. Sponsor sale, No. I like your brevity. Good luck!
0 votes 5 answers Share Flag
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