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Home Buying in Niagara Falls : Real Estate Advice

  • All84
  • Local Info3
  • Home Buying24
  • Home Selling1
  • Market Conditions5

Activity 24
MCM_STL, Home Buyer in Saint Louis, MO
Mon Aug 1, 2016
MCM_STL answered:
They absolutely can. Nothing in the listing is legally binding. You don't have any legal leg to stand on until you have a contract signed by both parties.

I've seen this happen before and in that case it was a reflection of the condition being so poor that the house couldn't be financed.

I have also never heard of an owning bank being remotely this proactive. You're usually pulling teeth to get any sort of response at all. Are you dealing with a financial institution or a unicorn?
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0 votes 1 answer Share Flag
Sally Grenier, Real Estate Pro in Boulder, CO
Sat Jul 2, 2016
Sally Grenier answered:
You need to talk to a lender who can review ALL of your financial info. Also, typically they are looking for a minimum of a 620-640 credit score. But a good local lender can verify that for you. ... more
0 votes 1 answer Share Flag
Reneenasca, Home Buyer in Niagara Falls, NY
Mon Jun 27, 2016
Reneenasca asked:
Trulia shows that property is for sale by owner but does not provide owner contact phone number or email address. How can I get this information?
0 votes 0 Answers Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Mon Jul 27, 2015
Kathy Burgreen answered:
I'm a retired real estate broker. You will need to contact a local agent to assist you. Even though your rental history is perfect, it's useless. Your issue will be having Section 8. Unfortunately, Section 8 & other government assisted programs pay approx. 75% of the market rate rents that landlords want. If you can afford to pay the 25% balance, you will have every landlord ready to give you a lease. If you can't, your search will be difficult. Landlords are required to meet requirements to qualify for Section 8 which they don't have to do for regular renter's. This is the reason why landlords don't like to take Section 8. ... more
0 votes 1 answer Share Flag
Mick Trunzo, Real Estate Pro in Wheatfield, NY
Sun Feb 22, 2015
Mick Trunzo answered:
VR pricing is a variable rate pricing strategy that presents a high and low listing price rather than a typical set listing price.

For example; Let's say seller A's agent lists his home for a flat price of $200,000.00 while seller B has the identical house in an identical market and his agent lists it with VR pricing between $190,000.00 & $200,000.00. The VR seller does not intend to entertain offers of 190. Many buyers will be drawn to the lower number and find this to be a very deceptive gimmick. Most agents agree which is why only a very few use this technique. ... more
0 votes 12 answers Share Flag
Kathleen Llo…, Real Estate Pro in Lewiston, NY
Thu Oct 23, 2014
Kathleen Lloyd answered:
0 votes 2 answers Share Flag
Mick Trunzo, Real Estate Pro in Wheatfield, NY
Thu Jul 3, 2014
Mick Trunzo answered:
The snow varies from year to year. Any given snowfall can be anywhere from a dusting to a foot or so on more rare occasions. The nice thing is that we do have periodic warm ups throughout the winter that melt the snow when we do have an accumulation.

This past winter was one of the worst in recent memory but nothing to worry about especially compared to the hurricanes, floods, earthquakes etc., that the rest of the country has to deal with. We have many mild more winters than bad ones. You just buy a snow blower and use it when needed which is far less than you think and certainly less than you'll use your lawn mower the rest of the year.

Let me know when you're ready to begin your property search. I'd love to help get you situated and the broker I work with (HUNT ERA) specializes in relocation so I can find you a great home and get you transitioned with as little stress as possible.
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0 votes 2 answers Share Flag
Aaron, Home Buyer in New York
Sun Jun 15, 2014
Aaron answered:
What industry? What education level? It's very subjective. Walmart is always hiring. My recommendation is to check craigslist's job listings for Buffalo, NY and compare them to the listings from your own area. That should give you a better idea of what's available.

As you'll read from many different sources, the Buffalo, NY area wasn't really hit by the economic recession of the past decade because it was already at its low point from many years before. That said, when you're at the bottom... things can only get better.
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0 votes 1 answer Share Flag
Beatrice Ann…, Home Buyer in Union City, GA
Wed Oct 2, 2013
Beatrice Annan answered:
Paying for inspection, Painting and decorating, checking electrical s, plumbing, furnace, updating kitchen, flooring, changing carpets. Even if the house in clean, set aside $5000. Property tax can be expensive too, make sure you know how much it is ... more
0 votes 1 answer Share Flag
Ron Thomas, Real Estate Pro in Fresno, CA
Mon Jun 10, 2013
Ron Thomas answered:
You're going to have to work on your communication skills; you are insulating yourself from us.
1 vote 1 answer Share Flag
Josh Barnett, Real Estate Pro in Chandler, OK
Sat Jun 8, 2013
Josh Barnett answered:
Go over this with your Realtor, if you do not have a Realtor, hire an attorney to review your contract.
0 votes 3 answers Share Flag
Dana, Both Buyer and Seller in Niagara Falls, NY
Mon Apr 1, 2013
Dana answered:
84th Street is not part of Love Canal. It begins around 95th and Colvin.
0 votes 2 answers Share Flag
Cynthia Winn…, Real Estate Pro in Williamsville, NY
Thu Jan 24, 2013
Cynthia Winnie answered:
Hi Smuddin,
You can not get a loan for just that house for that low of an amouunt. Usually banks will loan you money starting at $50,000. However, you can purchase that house with a FHA203K. Rolling in closing costs and repairs. Give me a call and we can discuss. 716-417-6035.
Cynthia Winnie
Associate Broker
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0 votes 4 answers Share Flag
Jason Doxbeck,  in Niagara Falls, NY
Mon Jan 14, 2013
Jason Doxbeck answered:
Corebigroup are you working with an agent? If not, I would be more than happy to help you in your search. Now in the City of Niagara Falls, 319 properties have sold in the past 12 months. That's an average of 26.58 a month. The average sold price $ 63,280. Average days on market is 102. There are currently 172 active properties for sale and 75 of those are pending sale. There are currently 40 properties for sale in the City of Niagara Falls that match your 3 bed 2 bath requirement and range in price from $24,500 - $300,000.

Is there a specific area of Niagara Falls your looking to buy in? What are your sq. ft. requirements? Have you been pre-approved? If so, how much?

If you have any further questions please do not hesitate ask. I hope this information is helpful.
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0 votes 4 answers Share Flag
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Thu Mar 10, 2011
Tim Moore answered:
Either or both can get out of the contract, but you will loose any deposit made and all the option money you have given the seller so far. If you also break the lease that could be more problems as well. ... more
0 votes 3 answers Share Flag
Joseph Runfo…, Real Estate Pro in Staten Island, NY
Fri Aug 6, 2010
Joseph Runfola answered:
There is no average or set rate. The commission is negotiable.
0 votes 4 answers Share Flag
Matthew Green, Real Estate Pro in Niagara Falls, NY
Thu Jun 10, 2010
Matthew Green answered:
The fact that the city once was more than twice its current size contributes highly to the reason why taxes are incredibly high. The municipality must maintain the infrastructure that was in place to support the higher population thus making costs exceptionally high. Without the population, and the shrinking tax base of which the Municipality gets it's revenue from, they much boost of taxes to compensate. Therefore taxes are esentially high because the city must pay for the excess infrastructure not being used efficiently. ... more
0 votes 2 answers Share Flag
Drice, Home Buyer in Grand Island, NY
Wed Mar 10, 2010
Drice answered:
The city of Niagara Falls offers a closing cost assistance grant of up to $2500.00 to first time buyers interested in buying within the city of Niagara Falls. Income guidelines apply. You must also attend Homebuyer education held at Niagara Falls Neighborhood Housing Services Inc. The cost is $30 (individual) $50 (couple) Free(leased housing /section 8). If interested contact NFNHS at 716-285-7778. Most area lenders are familiar with the program. ... more
0 votes 3 answers Share Flag
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