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Springfield Gardens : Real Estate Advice

  • All22
  • Local Info4
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 14
Sat Feb 28, 2015
AF Farha answered:
You need to discuss with your banker. Only your lender could tell you if and for how much you are qualified to buy.
0 votes 1 answer Share Flag
Sun Dec 14, 2014
De Vonte Williamson answered:
It depends on what you are looking for. I know the area well, and have family within the immediate area. Prices range and it ultimately depends what you're looking for.

Please do not hesitate to contact me for more information, or for market information in the area.

De Vonte Williamson
Licensed Real Estate Salesperson
Charles Rutenberg Realty
Cell: 631.384.3695

"I Stand Behind Getting You Results!
Your Trusted Real Estate Professional for Life!"
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0 votes 2 answers Share Flag
Tue Aug 20, 2013
Rent today; Buy tomorrow. How to convert from Tenant to Homeowner.

When I rented my first apartment in Astoria, I did not want to be a Tenant my whole life and pay my Landlordâ€s mortgage. I longed to become a Homeowner.

That’s why I found my way into the mortgage business in 1989 and soon afterward became a Homeowner. Here are the fundamentals any Tenant should know to prepare to become a Homeowner in the future, no matter when that might be.

• Credit: Establish 3 credit accounts, no more than 5. Pay your bills on time. Keep your balances to no more than 50% of your credit limit. Don’t pay off the accounts in full. Keep balances active for 12-24 months. All of the above will provide both a good credit score and adequate credit history to qualify for a mortgage loan.

• Assets: A basic savings budget isn’t hard to do. Pay your rent first in your budget; then set aside 10% of your income before taxes . Make it a budget priority and you’ll still have money left over for entertainment and restaurants and clothing.

How much money do you need to buy a home? Many buyers spend no more than $25,000 to buy their first homes. There are loan programs with low down payment requirements and many real estate agents negotiate for their Buyers a “Seller’s concession” to include the Buyer’s closing costs (which are HIGH here in New York!) in the price of the home.

• Income: Two years consistent income is the basic requirement for either a salaried individual or a self-employed person. Income from Bonus, Commission, and Overtime is treated differently and is best discussed with your Mortgage Banker.

• Market Survey: it doesn’t hurt to go out and get to know neighborhoods where you might like to buy a home. Visit open houses on Saturdays and Sundays. It’s okay that you’re not yet buying; tell the Realtor at the Open House you’re just beginning your “survey.” You’ll also get to know market prices for different kinds of homes. It’s okay to “window shop” homes on the weekend at Open Houses!

I hope these fundamentals will help you better understand the path to homeownership is a process that, with preparation and dedication, you can move through easily. And if you’re interested in getting Prequalified today to create an Action Plan for your future of Homeownership, call me anytime!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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1 vote 4 answers Share Flag
Mon Feb 18, 2013
Abdul Nasher answered:
Mon Jun 18, 2012
Rolando6744 answered:
Wed May 2, 2012
Have you been Pre- Approved for a mortgage yet? My name is Chris Miceli and I work for PNC Mortgage. I would be more then happy to qualify your for a mortgage and answer all of your questions. Please call me when you get a chance. Thanks!!

Chris Miceli
Phone: (646)-623-2492
... more
0 votes 7 answers Share Flag
Tue May 1, 2012
there are several great deals out there, one of the first steps is to become prequalified for a new mortgage with a direct lender, give me a call 7182741234
0 votes 8 answers Share Flag
Sat Apr 7, 2012
John Pinard answered:
Sat Dec 3, 2011
Pat Gentile answered:
Hi it is south of Jamaica in south Queens. Flushing is more north
0 votes 3 answers Share Flag
Wed Aug 25, 2010
Ralph Windschuh answered:
Rental permits usually have to be renewed every two years. Your certificate of occupancy should also contain information on whether your basement is considered "finished". In order to be legal, basement apartments must meet certain building codes.

Ralph Windschuh
Certified Buyer Representative
Senior Real Estate Specialist
Associate Broker
Century 21 Princeton Properties
In The Top 2% of Century 21 Agents Nationwide!
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0 votes 2 answers Share Flag
Sat Mar 7, 2009
J Douglas Montgomery answered:

If an investor purchases the property and wants you out the will most likely initially try to strong arm you. If you dont move out, the will have to go through the courts and evict you.

In all likelyhood the lending institution will take back the property. You should have contact information on the papers you were served with as a tenent in the house. Contact thier attorneys and ask...... Fannie and Freddie loans have provisions for owners and tenants to stay in the properties, but the guidelines are changing all the time. You can also attend the auction to see who purchases the property.

Best of luck

Douglas Montgomery, Broker
Home NY Corp.
... more
0 votes 3 answers Share Flag
Sun Nov 23, 2008
Antolin Du Bois, CFP® answered:
Only 8k? Are you sure? There is a lot to legalizing a home to current two family standards. Like the ceiling height and glazing standards, for one. Mother/daughters in Queens usually mean the basement has been 'finished out' to what would normally be considered livable, but according to code is not- again, the height and glazing standards.

Most importantly, the area must be zoned for two family. Is it?
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0 votes 4 answers Share Flag
Sat Nov 22, 2008
Stephen Mahabir answered:
I will be more that happy to assist. Please feel free to call me at 917-304-8636, or email me at
0 votes 7 answers Share Flag
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