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Home Buying in Long Island City : Real Estate Advice

  • All63
  • Local Info8
  • Home Buying26
  • Home Selling4
  • Market Conditions1

Activity 26
Sun Apr 30, 2017
Kathy Burgreen answered:
To finish my reply (final version)...

If you don't have a list of people that you know personally who are looking to buy or sell, you will be severely restricted as to how to get leads for free. Example: in the rest of the U.S., agents are allowed to knock on doors asking owners if they are interested in selling. In the NYC area, forget it. There are laws that prevent you from door knocking. All apartment buildings (rentals, co-ops and condos) have signs posted that say "No Solicitation" which means agents not allowed. Solicitation means selling and agents are in the business of selling services. Don't even think about doing this, because the police will be called.
Then there is the Do Not Call list. You cannot contact people if their telephone number is on the Do Not Call list and most people are on it.

This makes it very tough to be an agent in NYC.
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0 votes 3 answers Share Flag
Sun Apr 23, 2017
Sabot777 answered:
Well, I have been involved with ocwen, as the seller, for a short sale for a couple of months and finally, they have countered the buyers' cash offer and have been given a counter to their counter. Now we are waiting for their answer. If they opt to do the auction it will be interesting to see what happens. The bottom line on all of these issues is that complaints can be lodged with any agency the government establishes but frankly, the industry runs the regulators so it is pointless. Banks are wolves in sheeps clothing, predators. Banks are little more than Legalized theives that have high jacked the regulations to ensure they come on top. Laws very rarely protect the little guy only the banks interests. Think about it, they use capital to make loans that they make interest on, why charge interest? The business model will tell you to recoupe opertunity cost, however, they charge a rate based on risk, remember you have to qualify for the loan to begin with. Now think about this for a minute, when you make an investment on Wall Street and money is lost you have little to no recourse for recoupment of your investment. Where is the protection of your opertunity cost? But somehow we have been douped with laws and regulations that do little to protect anyone but the banks. We have the finest politicians money can buy, folks, and if you don't have money, you very likely will find yourself on the loosing end of any endeavor with a bank. ... more
0 votes 16 answers Share Flag
Thu Dec 1, 2016
Karen Peyton answered:
There isn't any reason you would automatically be disqualified for a loan. You simply have to meet the income and credit criteria anyone and everyone else does. You write you have money saved, so give it a shot.

Good luck!
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0 votes 1 answer Share Flag
Tue May 31, 2016
MCM_STL answered:
It means that the basic data about your house shown here was obtained from a public source, probably your local tax records.

In other words, that information is a matter of "public record". ... more
0 votes 1 answer Share Flag
Tue Mar 8, 2016
Kathy Burgreen answered:
I answered you on Zillow. Short answer - No. Just the STAR program gives you a small portion of the tax you paid as a refund. However, if you want to live on Long Island, this is what you have to deal with. As I said on Zillow, keep your options open and if you have to look at co-op and condos instead of houses, you're not the only one. Most homes in the good school districts have million dollar price tags. ... more
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Fri Feb 26, 2016
Blandinleoni asked:
Tue May 19, 2015
Ceiholzer asked:
Tue Dec 16, 2014
Dan Tabit answered:
Investors willing to buy a home for you or do a lease to own are too often wolves in sheep's clothing. There has to be something in it for them and it's usually too much.
Rather than force your way into something that pretends to be ownership, take some time to address the issues that prevent you from buying now. For many it's their credit, which can be repaired.
I often recommend finding a pure rental that is cheap and you can barely stand to live in, to both save money and keep you motivated. Put your savings into paying down debt, keeping everyone paid on time and saving up some down payment. Dispute any errors in your credit reports with each agency that reports them TransUnion, Equifax and Experian until they are removed or affirmed as accurate.
There are lenders who assist buyers with their credit repair. Find one and do things right the first time. You'll be way better off in the long run.
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0 votes 2 answers Share Flag
Wed Nov 19, 2014
Dan Tabit answered:
Zestimates are not reliable and based on some very broad ranging public data. The more general the information the more accurate. When it comes to specific homes they are off by $10's of thousands more often than they are not. ... more
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Wed Nov 12, 2014
Martina Ryan answered:
Mon Sep 15, 2014
Jereme Carter asked:
I'd like to network with New York Agents and help their clients find a beach or water front homes in Florida. What have you found that works best for your clients?
0 votes 0 Answers Share Flag
Mon Sep 15, 2014
Anthony Howell answered:
Using a good Agent can be helpful.
0 votes 1 answer Share Flag
Mon Sep 15, 2014
Anthony Howell answered:
Mon Sep 15, 2014
Anthony Howell answered:
Using a good Agent can be helpful.
0 votes 6 answers Share Flag
Mon Sep 15, 2014
Anthony Howell answered:
Using a good Agent can be helpful. Neighborhood judgement should only be made by clients and never a real estate professional.
0 votes 11 answers Share Flag
Thu Nov 21, 2013
Luis Chavez answered:
Parking is optional, you can buy space or you can rent.
0 votes 5 answers Share Flag
Thu Jun 27, 2013
Accardo.julie answered:
Gail, the records are not available. My concern in regard to the cesspool is that it can potentially pose a safety hazard if not properly maintained. My home inspector indicated that we'll likely have to replace the cesspool because it is at risk of collapsing over time.

We're going to have a specialist inspect it and make our decision pending the results.

Thanks, everyone, for the advice!
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0 votes 5 answers Share Flag
Thu Apr 18, 2013
Marco Gomez & The Reach Team answered:
The only concern you should have , is if there is more than 50% of the building being occupied by tennants.You will have a hard time finding a lender to finance the transaction which is the reason now most buildings are limitimg subletting. ... more
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Wed Apr 17, 2013
Marco Gomez & The Reach Team answered:
If you are buying a home or a condo in the 5 boroughs for $425k your total closing costs will be between 3 and 4% of your total purchase price. To get the best estimate you should contact a loan officer. ... more
0 votes 4 answers Share Flag
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