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Nyack : Real Estate Advice

  • All46
  • Local Info6
  • Home Buying16
  • Home Selling4
  • Market Conditions2

Activity 42
Mon Jul 3, 2017
Faith T answered:
Hi,

Pending means an offer has been made on the home and it is in the process of closing.

Thank you for using Trulia!

Faith
Consumer Care Advocate
http://www.trulia.com/help/ask/ ... more
0 votes 1 answer Share Flag
Fri Apr 14, 2017
Davidpoore16 asked:
Hi everyone, I heard many good things about hiring movers that they ensure valuable goods and also provide better packaging and labeling for fragile stuffs. Next month we are also moving…
0 votes 0 Answers Share Flag
Wed Jan 25, 2017
Kathy Burgreen answered:
You're nuts! I'm a local resident and what you don't understand is investors who would buy the house, will lease it to you at a high rental amount, then demand that you pay a high purchase price to buy the house. Your lender will insist on an appraisal and that appraisal will come in at a much lower price than what this investor is asking you to pay.

Well, guess what - your investor will demand that you pay the difference between the appraised price and what the investor is asking. Obviously, the investor knows you don't have the cash, so he/she will either keep the house for themselves, have you live there and pay the high rent, or sell it to somebody else for the appraised price. Meanwhile the investor is collecting your high rent and making a nice profit with it.

Sorry but investors are not stupid - they want to make a profit. The stupid one is you because you are the sucker. What you forgot to include is you will sign a contract with the investor and the terms will favor the investor - not you.
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Tue Jan 3, 2017
James Baker answered:
Hi Kathy, Thankyou so much for the reply and advice. I will start our bank and see what the options are- the apartment in brooklyn is such a great asset it would be amazing to keep as well.
If we end up selling is the Nyack area as good as an investment as Brooklyn for property? If our apartment most likely will only appreciate a certain amount maybe it makes sense to put whatever money we make on the sale in a bigger and better house with the view that an apartment and smaller house will add up to the same as a bigger house in the future..
In regards to travel etc I've been working up in Nyack over the last year, commuting from Brooklyn- so have a good idea on costs etc- it's a lot but quality of life is going a long way too-
Thanks!
James
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Wed Sep 14, 2016
Neil Roxas answered:
Hello,

Unfortunately, we didn't get enough information about your problem to resolve the issue. Please provide us with the complete property address.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/

Thank you for using Trulia!

Neil
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Mon Aug 29, 2016
Linda answered:
Its very difficult with any pet, a large dig is even tougher. There were nice rentals in Suffern if that is not too far, unfortunately the closer to Nyack, the more expensive it will be. Good Luck! ... more
0 votes 1 answer Share Flag
Sun Jun 26, 2016
must.b.anon asked:
Thu Dec 10, 2015
Kathy Burgreen answered:
You have several issues:
1. Visit the county's tax records department and find out if there are any liens, any property taxes owed, etc. You need to know what the county has on file before submitting an offer.
2. Suppose you bought the property, invested money for repairs, did you review the comps to analyze what similar properties have sold for? Comps are comparable properties that have recently sold, currently pending or active. You will need a realtor who has access to the MLS
3. If a bank owns the property, all they care about is getting as much money as possible from a buyer. Banks have no interest in discounting their asking price. They are willing to wait for a financially qualified buyer who can pay at or near the asking price. If there are no buyers after several months, it's possible the bank will reduce the price.
4. You stated that IF you can borrow enough from family & friends... You need a firm commitment on whether your family and friends will give you the cash. IF doesn't mean they will give you the cash.
5. After you analyze the comps, you need to calculate your net profit (purchase price + closing costs + money for repairs + as an owner - realtor's commission + closing costs + property taxes, homeowners insurance, etc. = your net profit.
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Sun Nov 22, 2015
Karen Peyton answered:
What you should have is a Buyer's Agent to represent you and your interests in the transaction. The listing agent represents the Seller's interests, not yours. It sounds as though the home qualifies for HomePath financing and is a foreclosure owned by Fannie Mae.

You need a Buyer's Agent who can tell you all about HomePath financing and tell you if the price of the home (you want) is indicative of market value for the area. Some times HomePath homes aren't, yet offer financing incentives to compensate.

Know what's going on before making an offer...

Best of Luck!
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Mon Jun 29, 2015
Christopher Pagli answered:
Trulia is an agent only platform at this time, all listings must be through a broker.

Chris
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Sat Feb 21, 2015
Danielle Russodivito answered:
Most people in Manhattan- since the price of living is so high and just a 2 bedroom can be 3 million!
0 votes 10 answers Share Flag
Sat Feb 21, 2015
Aaron B. Lewis answered:
Rule of thumb 3-4% of sales price.
0 votes 5 answers Share Flag
Wed Sep 17, 2014
allan erps,ABR,SFR answered:
It is basically the Town that never sleeps or as I refer to it, a mini Greenwich Village
0 votes 6 answers Share Flag
Thu Jul 24, 2014
Nancy Swaab answered:
I would use Google; Also, go to your local police station.
0 votes 7 answers Share Flag
Sun Mar 23, 2014
allan erps,ABR,SFR answered:
Need my help please call me at 845-304-3040 or email to allan.erps@randrealty.com. No cost to you & excellent recommendations to the right people to help.

Allan Erps
BHG Rand Realty
WebSite: allan.erps.randrealty.com
... more
0 votes 3 answers Share Flag
Fri Mar 7, 2014
Annette Lawrence answered:
Why?
Well Renee, what we have here is a failure to communicate.
Every organization that publishes a number labeled as 'market value' is using their distinct lexicon.
Then you come along with the lexicon of the citizen believing that all things labeled 'market value' must be related. THEY ARE NOT. Yes, I know, it looks like a duck, it quacks like a duck however, in this situation...IT IS NOT DUCK!
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AND, if you invest the time to read the waterfall of words all of these sites provide that explain the process of these calculations, you can walk away with the idea the poor tax paying citizen is being abused by EVERYONE.They are all basicy random number generators.

Now, let's not leave out Trulia and Zilllow who also spew out meaningless numbers that quack sounding like Market Value..

What you need to do is determine the purpose for which you intend to use those numbers.

Are you needing 'market value' in order to price your home accurately for sale? You need to call someone who helps buy and sell dozens of homes every year. Your local Remax REALTOR. Ok, you can also write a check for about $300 and have an appraiser complete an analysis. The appraiser will need to know the purpose for the appraisal. Purpose....it keeps popping up.

Perhaps ;the purpose is you are want to BUY a house and need to know the market value.
YOu will also find beneficial knowing the obstacles that will pop up in the process of buying this real estate.
Beneficial Knowing if your financing is compatible with this real estate.
If your lender will make your offer less competitive. (BofA, Wells Fargo, Chase)
Will the seller become over burdened with the complexity related to your offer.

Perhaps you would like to get a 'Clear-to-Close' financing commitment BEFORE you spend money on having a home inspected and paying the bank for an appraisal.
Or, perhaps you qualify for purchase options that allow you to save nearly 40% of the purchase price.

All of these issues are covered and addressed by your local REALTOR.
Rather than chase the make believe number you see, call a professional and get yourself equipped with REAL numbers related to your real estate.
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0 votes 3 answers Share Flag
Thu Dec 26, 2013
Anna M Brocco answered:
When it comes to legal questions your attorney can better advise; the seller can sell without c/o's to any cash buyer...
1 vote 6 answers Share Flag
Tue Dec 3, 2013
George Ferguson answered:
Very carefully - there is a reason that an agent has been excluded from the "process". I suspect that you do not understand the rental process and view (understandably) the rental fee as a cost you want to eliminate. After 15 years, the one fact about rentals is that there is a reason why there is no "rental fee" and that reason is never in the favor of the tenant. If you go to http://GeorgeC21.com and click on ALL THE LISTINGS - you can search for rentals and if you want, you can also sign up without obligation, to be notified on a daily or weekly basis when a rental meeting your criteria comes on the market. ... more
0 votes 5 answers Share Flag
Sun Dec 1, 2013
Julia Kushnir answered:
It is possible. When are you coming?I might be able to help.

Julia Kushnir
Kennedy&Kennedy
http://juliakushnir.ghv.fusionmls.com
845-598-6909
0 votes 2 answers Share Flag
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