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Levittown : Real Estate Advice

  • All56
  • Local Info5
  • Home Buying17
  • Home Selling0
  • Market Conditions3

Activity 86
Wed Jan 25, 2017
Mskristin answered:
Holbrook is an awesome town with wonderful schools, lower taxes and close to everything, food stores, nice restaurants, parks, a cute and authentic Italian Bakery, a 24 hour cvs, low crime and the average household income in the area is about 150k a year. A great community!!! Also with in a couple of miles of the NYC express train ( Ronkonkoma ) and the Islip air port! Very close to all highways, especially the LIE. Holbrook is also about 7-10 minutes North of cute beaches and boat slips if you need. For 500k you can get a nice size home with everything centrally located! Good luck ... more
0 votes 15 answers Share Flag
Fri Nov 18, 2016
Kathy Burgreen answered:
As a former successful realtor, I think you're nuts. You studied for your PhD and I believe you will make more money in the field you studied for than in real estate. Real estate sales is a very expensive field. You will be required to pay brokerage fees, legal fee, MLS fee, marketing, advertising, gas, etc. Also there is NO GUARANTEE of a paycheck. You get paid at the end when you close a deal. This means you can spend months with a buyer or seller and receive $0 in income. You will have to live off your savings or have somebody else pay all your expenses. Understand you are essentially self employed and starting a new business.

On the other hand if you had a full time job in the field you studied for, you would be receiving a weekly paycheck and no out of pocket business expenses.

If you insist on working in real estate, pick the company that has the better training, great technology tools and software, marketing tools for agents, etc.
... more
0 votes 1 answer Share Flag
Wed Oct 26, 2016
Ian Lozada answered:
I would go down to 1 Washington St in Hempstead, and visit the Building Department on the second floor. They can search for the COs you need and print them for you for a nominal fee per document. By the way, bring cash. They don't accept credit cards. ... more
0 votes 9 answers Share Flag
Wed Oct 26, 2016
Ian Lozada answered:
This home is being auctioned off as part of a foreclosure. Should it actually make it to the auction, you would need to bid in person at the Supreme Courthouse in Mineola. Payment is going to be required at the time of sale in cashier's checks. You will not be able to buy it in the traditional way with a mortgage, and most likely, it will sell above that asking price.

However, it may not meet the bank's reserve price and if so, the bank would retain the property, and it would be called a real estate owned (REO) property. They would then sell it on an AS IS basis through a real estate broker, but for a substantially higher price. Depending on the condition of a REO home in Levittown currently, I would imagine the home would probably list between $230-300K, but the bank will probably have an amount they're not putting out there which they would be willing to accept.
... more
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Sat Sep 3, 2016
Ba23712 asked:
I am a week away from closing on my first home when I find out (by my own findings) that the sellers real estate agent did not disclose the true property taxes but instead the taxes with…
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Thu May 19, 2016
trackhead35 asked:
Had our credit pulled by quicken loans and were told they couldn't help us so looking to find out if there is any chance at all of us getting a home loan for our first home. No bankruptcy…
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Mon Apr 11, 2016
Frankyjuwana asked:
There are no evidence of a leak, vegetation looks great and healthy, flowers are blooming, no smell or foul odor in outside and inside the house. But the most annoying thing we face is home…
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Thu Mar 3, 2016
Sherrie A Caskie asked:
We are trying to sell our house on LINY and to buy one in PA. And our credit is not good. Can this be done at the same time? Or would we have to do one at a time? I just don't know…
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Thu Mar 3, 2016
Sherrie A Caskie asked:
We are trying to sell our house on LINY and to buy one in PA. And our credit is not good. Can this be done at the same time? Or would we have to do one at a time? I just don't know…
0 votes 0 Answers Share Flag
Mon Jan 18, 2016
Javier Meneses answered:
I have been doing home loans for about 12 years. Trust me, NEVER CLOSE CREDIT CARD ACCOUNTS! When you close a trade-line, you are eliminating a piece of credit history and possibly shortening the age of your credit, which does have a negative impact on your credit scores. Whoever you decide to use for your mortgage, should be someone who can give you solid advice on your credit and what you can or should do or not do. It is a common mistake that home-buyers make, they pay of their credit card balances which is good, but then they close the accounts all together not realizing the harm it does to their credit.

If there is anything I can be of service with, I am super easy to get in touch with. Good luck!

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
STERLING NATIONAL BANK
98 Cuttermill Road
Great Neck, NY 11021
jmeneses@snb.com
(516) 606-9648 cell
(516) 708-2351 office
(516) 918-5383 efax
... more
0 votes 2 answers Share Flag
Tue Oct 27, 2015
Malgorzata Ringston answered:
Buying you first home can be very stressful. You have to do your homework in order to finish your daunting task successful. First step consult with mortgage professional who will review your financial situation, make sure you shop around for mortgage, decide on a neighborhood which make your life so much easier. Find real estate agent who can provide you with undivided attention. Prepare yourself for a little stress but nothing that you can not handle with others help. There is a lot programs for first time homebuyers in NY. Look into conventional plus program, FHA, Home for Veterans program, Down Payment Assistance program and many more. If you need help with Financial aspect call me I know Mortgage professional who can go over with all steps with you.
Good Luck
Malgorzata Ringston
Exit Links
516-532-2153
... more
0 votes 3 answers Share Flag
Fri Jun 5, 2015
Fran Owens answered:
CONTACT THE GRIEBVANCE COMMITTE AT THE BAR ASSOC...REGARDING YOUR ATTORNEY......DO NOTHING UNTIL YOU OBTAIN NEW COUNSEL...WE ARE NOT ATTORNEYS..WAIT UNTIL YOU CAN FIND A GOOD ONE
0 votes 3 answers Share Flag
Thu Oct 30, 2014
Oleg Volfman answered:
Hello.

Did you find what you were looking for. I have buyers in that area that I already work with, and can help you further.

hank you for your valuable time!

Oleg Volfman, CBR, RSSP
Lic. RE Agent, Office Manager
Quick Deal Realty, Inc
Office 516-599-5559
Mobile 917-685-0489
ovolfman@gmail.com
... more
0 votes 3 answers Share Flag
Tue Sep 30, 2014
Drbkpatel answered:
Ask for the certificate of occuoancy for that part of the property and keep $ 10,000 in reserve just in case
0 votes 18 answers Share Flag
Mon Sep 15, 2014
Anna M Brocco answered:
Check www.mlsli.com or perhaps consider working with an agent of your own...
0 votes 1 answer Share Flag
Mon May 19, 2014
Trevor Curran answered:
Good morning Alberto,

The answer to your question is this: Mr. Levitt built those homes for returning Veterans after WWII based on a "cookie-cutter" plan, including slab construction. The builder laid in a concrete/cement slab and built the house up from there. Thus, no basements!

http://en.wikipedia.org/wiki/William_Levitt

http://en.wikipedia.org/wiki/Levittown,_New_York

http://www.levittowners.com/houses.htm

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
1 vote 7 answers Share Flag
Mon Feb 10, 2014
Taisha Mclean answered:
Im looking for something in long island i no longer reside in brooklyn
0 votes 4 answers Share Flag
Sun Feb 9, 2014
Sanjeev Ahuja answered:
Generally speaking it is true, but there are other factors like will your loan amount now be higher than what you were looking to get for the one family? Are you property taxes going to be higher than the single family? Which loan program is it, conventional or FHA? The smaller unit of the two family is considered by the banks to be the tenant unit and the will give you 75% to 85% of the market rent of that unit to add to your gross monthly income. Your monthly payment for principal, interest, taxes, insurance & monthly insurance premium(if down payment less than 20%) generally can not exceed 45% of the total gross monthly income. I suggest you contact me to discuss specifics of the situation. My contact information is given below if you need any assistance. If you find this information useful, consider clicking on BEST ANSWER. Thanks Sanjeev Ahuja, NMLS #148731 Mortgage Broker Home Funding LLC 110 Jericho Turnpike Ste 214 Floral Park, NY 11001 Direct Phone 917-517-2552 NYS Registered Mortgage Broker, Dept of Financial Services, Loans arranged through third parties (NMLS # 885573) ... more
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