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11566 : Real Estate Advice

  • All15
  • Local Info2
  • Home Buying5
  • Home Selling1
  • Market Conditions3

Activity 11
Mon Mar 20, 2017
Susie Kay answered:
Wed Oct 26, 2016
Ian Lozada answered:
There's not one answer to when is it the best time. Many parents, for instance, don't want to sell and move in the middle of a school year. However, some people find that because there are less listings in the fall and winter, that there are less homes competing with their home, and supply and demand says that if there isn't enough inventory (and there hasn't been enough inventory on Long Island for the last 12 months now), prices will rise.

One thing that certainly hasn't changed this fall is that first time homebuyers are still out in force. Remember, not every buyer is tied to the school schedule. Interest rates are still very low, and the private mortgage insurance rates were halved in February 2015. That said, rates last week climbed to a 4 month high, and with the election wrapping up, it will take much of the uncertainty out of the rate markets, which we see as leading to a steady rise in rates over the next 6 months. If you wait till spring to sell, you may find that your potential buyers may be able to afford less home, which may start to retard the growth of home prices.

Those two factors of locking in while rates are still low and maximizing how much house you can get for your money mean that the buyers who are out right now are the most serious ones, and there are enough of them to get you the best price possible.
... more
0 votes 2 answers Share Flag
Sun Oct 25, 2015
Javier Meneses answered:
Minimum down-payment is determined by the loan program you will apply for. If you qualify, conventional is as low as 3% and FHA is 3.5%. What the right down-payment is for YOU specifically is another story. I always suggest that you meet face-to-face with a mortgage professional and go over all the necessary documents and all that comes with a pre-approval consultation. By the end of this meeting, you will know exactly what your options are, rates, estimated payments, where your credit stands, and even how much you'll need for down-payment and closing costs.

I am in Long Island and available to meet if you need an experienced professional and advisor. 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) 708-3235158 office
(516) 918-5383 efax
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0 votes 4 answers Share Flag
Sun Mar 17, 2013
Jill Sackler answered:
That price is somewhat high for North Merrick unless you're talking about new or relatively new construction. The first week that your house comes on the market is when you can expect the most showings. There's no set number, but know that people who've been keeping an eye on the neighborhood and are familiar with all the inventory will jump at the chance to see what else is new. If you're not getting that much interest, it may be an indication that your property is not perfectly priced. Remember that buyers buy when they recognize value. ... more
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Mon Feb 25, 2013
Frank Failla answered:
Smithws,

A market valuation would be the first step.

I am a lifelong Merrick resident and a local realtor as well. I would be happy to discuss this with you and set up a time to conduct a preview of the house. I will also supply recent sales trends for the South of Merrick Rd.

Frank Failla
Select-A-Home/island South Realty
324 Merrick Ave
Merrick, NY 11566

516-644-3751
... more
0 votes 5 answers Share Flag
Mon Feb 25, 2013
robert kipnis answered:
It depends on on how far into the future you wish to go. The current atmosphere is still very fresh with most buyers. A property analysis by a local agent would give you an idea.
0 votes 7 answers Share Flag
Thu Jan 24, 2013
Joseph Laurita answered:
Hello 24susan,
MLS means Multiple Listing Service. In East Meadow the MLS covers Nassau, Suffolk, Queens and some Brooklyn. MLSLI.COM is a consumer version of the Database Realtors use. In order for a property to be placed in the MLS it must be listed (agreed to be marketed and sold) by a Licensed agent or broker. ... more
0 votes 7 answers Share Flag
Tue May 15, 2012
Carl Hawthorne answered:
Find a pro in your area. All agents should be able to access foreclosures. Just make sure they have experience.
0 votes 6 answers Share Flag
Tue Mar 23, 2010
Allen Bauman answered:
Nicole,

I would be happy to help you as would any of the agents answering your question. But what we do for our customers is not that simple. You will not get the help you are looking for unless you speak to an agent first, who will also be able to tell you if your goals are realistic. Also we must know if you are qualified for the type of property you are looking for. Also when you are sent info about a low priced foreclosure in a good neighborhood the home may not be mortgageable because of condition or other reasons. Are you ready to pay all cash for such a home?
I am willing to help you but I must have a short conversation with you first. Call me; no obligation.

Allen Bauman
Century21 Yve R. E.
Licensed R. E. Agent
NYS Certified Residential Appraiser.
515-791-3846
allen.bauman@gmail.com
... more
0 votes 4 answers Share Flag
Mon Oct 27, 2008
Barbara E. Nowak answered:
Hi Steven
Please contact me either via e-mail or phone 516-232-6658 to discuss my services and foreclosure process
Thank you
Barbara
0 votes 10 answers Share Flag
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