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Long Island City : Real Estate Advice

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  • Local Info8
  • Home Buying27
  • Home Selling4
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Activity 47
Wed Dec 13, 2017
Kathy Burgreen answered:
I'm a retired NY realtor and worked in New York City and Westchester County. You are comparing apples to oranges. You need to understand that property taxes pay for local services (public schools, police, fire, local parks, local government employees, maintenance, etc.). New York City itself has the lowest property taxes in all of New York State because NYC takes in a much larger amount from sales taxes, income taxes and corporate taxes, so property taxes is not a much needed item to keep NYC running. Further, the public school system is much lower in quality compared to upstate NY public schools.

Once you leave New York City, counties, cities and towns upstate rely much more on property taxes to pay for local services. New York State does not have enough money from large businesses like NYC does and does not have enough employees to pay huge income taxes. Remember, salaries in upstate NY is much less than in NYC, therefore, income taxes is much less. Finally, sales taxes is cheaper so again, upstate towns and cities don't receive much money in sales taxes. So who ends up paying for local services upstate - homeowners in the form of expensive property taxes.

Bottom line - remember that housing is much cheaper upstate and you get a lot more living space upstate than you do in NYC.
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Thu Nov 9, 2017
Higinbotham answered:
Both New York State and local counties have Health Departments that regulate these issues.
NY State -
Mortgage companies may need to see that they are complient
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0 votes 6 answers Share Flag
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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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
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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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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
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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:
Mon Jan 5, 2015
USMortgageRanger answered:
Not only should you go to his Broker but along with the buyer you should let Google, Trulia, Zillow and all the places where he post know just how dishonest he is. Then contact a Lawyer and sue the Agent and the Broker as they has a fiduciary duty to present all offers to you the seller to make your own decision not theirs. Its a shame that we still have an industry full of crooks when the CFPB was formed to help weed them out.

Good Luck

Lowell E. Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Direct: 512-717-0403
Mobile: 469-347-3572
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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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Sun Dec 14, 2014
Annette Lawrence answered:

But you knew that already.

I'm curious, what decision will you make based on the AVERAGE price SF in Long Island City?
Certainly you are aware such data must have greater granularity to be meaningful in making a purchase of sale decision. ... more
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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:
Wed Oct 8, 2014
eb2963 asked:
I would like to know how much rents have been increasing in Long Island City Queens each year for the past five years.
0 votes 0 Answers Share Flag
Wed Sep 17, 2014
Javier Meneses answered:
That's a no brainer to me, New York City is significantly more expensive to own a property than it is in Nassau County. When you compare the cost of property and what you get for that cost, Nassau will get you more bang for your buck. But at the end of the day, where do you want to live? Perhaps you search in both locations and see what is a best fit for you. If you need a referral to a professional Realtor, I'd be happy to give a contact or two. Feel free to call or email me anytime, good luck!

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Assistant Director of Sales
105 Conklin Street
Farmingdale, NY 11735
(516) 606-9648 Cell
(631) 227-3258 Office
(516) 584-7138 Fax
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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:
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