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10591 : Real Estate Advice

  • All12
  • Local Info1
  • Home Buying7
  • Home Selling0
  • Market Conditions1

Activity 10
Tue Jul 11, 2017
AJ Hernandez answered:
I personally would ask for a sellers property disclosure statement, in my area it is common for a Realtor to obtain this when they take the listing and usually provide it to the buyer upon execution of a sales contract. The customs, laws, procedures typically vary by area and NY tends to be much different than other parts so I suggest you contact an attorney and/or Realtor in your area even when dealing with a for sale by owner you always have the right to use an attorney and realtors may be willing to help to earn future business and/or referrals. I am NOT a realtor or an attorney, I currently only offer loans in Florida but hope this helps. God bless, Psalm 20:4 ... more
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Thu Jul 6, 2017
Kathy Burgreen answered:
I'm a life long Westchester County resident and retired realtor so let me explain some things behind the scenes.
The River towns (especially Irvington, Sleepy Hollow, Dobbs Ferry, Tarrytown, etc.) has been a really hot housing market for the past 2 - 3 years so I can see attorneys, realtors, etc. being busy with clients. Articles in the local newspaper about it probably escalated it.
At this point, what stage are you in? Have both parties signed a contract yet? Did you just submit an offer and waiting to meet with your attorney to give the deposit check? Is this a For Sale By Owner listing or is the owner / seller listed with a brokerage? Are you being represented by a realtor?

The reason I would need answers to the above questions is I'm confused by the attorney issue. In the New York City area, it's required that BOTH parties have their own attorney to represent them. Therefore, you cannot use the same attorney as the seller. The other issue is you did not state if a contract has been signed or not or if you just submitted an offer.
... more
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Mon Feb 6, 2017
Lauraesheeran asked:
Mon Feb 6, 2017
Lauraesheeran asked:
Tue Feb 4, 2014
Anna M Brocco answered:
Ask people you may know for referrals, or contact and interview a few agents from different realty companies, then choose the one you like best. Keep in mind that not all such properties are great bargains, therefore don't just focus on short sales and bank owned properties, some traditional sales may end up being a much better buy... ... more
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Thu Jul 25, 2013
Christopher Pagli answered:
Hi, call Christian Babcock from Mortgage Master Inc 914 447 9691. His office is right on Rte 119. He specializes in SONYMA loans and first time buyers, as do I.

Accredited Buyer Representative
914 406 9023
... more
0 votes 2 answers Share Flag
Tue Jul 3, 2012
Lisa Loeb answered:
There are homes for sale under $1 million.Please feel free to contact me at your earliest convenience.

Thank you,

Lisa Loeb
Licensed Realtor
0 votes 10 answers Share Flag
Tue Jun 26, 2012
Reo Prep Vendor Management answered:
You may want to list your company in the real estate directory on the REO Prep site. By doing this you will have a listing with your company information, email, web link etc directly in front of 500,000 active real estate agents nationwide.
... more
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Wed Dec 9, 2009
Dallas Texas answered:
That is standard practice many lenders are overwhelmed now have conditions cleared and etc. Most closing from an executed contract could take up to 60 - 75 days to close vs. old days of 30 days .

If the propery does not work with lender guidelines of ownership / vs. rentals properties known fact loan most likely be declined. Ratio are usually around 60% / 40%

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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Fri Aug 8, 2008
Kate O'Keefe answered:
It is not just the price! Historically a home has always been the largest personal investment. You have to remember that it is usaully a long term investment. More important than that is the interest rate you pay for the loan. If you wait for a home to drop 10% and the rate goes up by .5%, you pay more for the home over 30 years. All indicators are there too for the rates to rise. Inflation and Oil prices have traditionally been the tell tale signs. Buy now, don't wait! All values go up and down, look for value in the market. ... more
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