If you're buying in South Ozone Park (Queens), you need to expect that houses sold at Auction will need major renovations / repairs with average construction costs of $100,000.+ Do you have the budget to pay for this? Further, you will need to have a licensed insured contractor because if anything goes wrong, New York City will not take your claim if the contractor is not licensed. New York City only takes claims for licensed contractors. Licensed contractors do cost more but the peace of mind is worth it.
It's possible (don't get your hopes up) that a house sold at Auction will be move in ready and maybe didn't sell the regular way because of the neighborhood. I know the neighborhood and compared to other neighborhoods in Queens, South Ozone Park is OK but not great. If you're a buyer, other neighborhoods that would be better than Ozone Park are Howard Beach, Bayside, Douglaston, Queens Village, Forest Hills, parts of Flushing, Elmont and you have Nassau County.
Just be aware that you don't want to overpay for the house because if you have to pay $100K or more for renovations and later on you need to sell it, you may not get the full amount you paid for. It's possible you may take a loss. You also should research how much prices have increased or decreased over the last 3 years. Compare that research to some of the neighborhoods I mentioned above.... more
The only way to determine a proper range of value is to have someone see the home. these online valuation tools are not accurate and can be very misleading. They don't take into account the same things agents do, location, updates, condition, etc.
I would say it depends on the time period you're going to be receiving that amount. Workers comp is a great source of income. That being said, it can tend to drop out over time. It all depends how long the agreement goes for. It's important to be able to work again if that agreement runs out.
Savi, If you know where Mr. Roopnarine resides- I'm not clear as to what you are asking.
I know exactly where that address is- It's walking distance from my office.
Like Anna has already mentioned- Social Media is the way to go.... more
There is a good Chance that you can loose your Entire Down-payment or part of your down payment if you willfully default . I am sure your attorney would be better able to answer this question. it all comes down to the Agreement on the contract of Sale ...... more
You may wish to consider working with an agent of your own, he/she can set up an automatic update or keep checking www.mlsli.com if purchasing with a mortgage, be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... more
Not sure what you mean, but if your loan is owned by Fannie Mae or Freddie Mac, you can refi up to 125% of current value. Log onto their sites and see if they own your loan. If one of them does, give me a call at 973-945-8973 and we can discuss further.
MetLife Home Loans... more
One more club resource.
Contact: Al Johnson
Meeting Time: 4th Wed. of each month @6:30pm
Meeting Location: SLC Conference Center
352 7th Ave, 16th fl (30th st), New York City, NY 10001
Web: http://www.NYCREIA.com... more