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Spuyten Duyvil : Real Estate Advice

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  • Local Info0
  • Home Buying8
  • Home Selling0
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Activity 8
Tue Sep 1, 2015
Greg Kochanov answered:
Hello Donna,

I am a real estate broker with Moda Realty in Riverdale.

We have a few beautiful apartments in Riverdale for around $300K with direct Hudson River views.

Please feel free to email me directly at greg@modarealty.com and I can then email you some listings.

Thanks,
Greg

?GREG KOCHANOV
LICENSED REAL ESTATE BROKER
TEL/SMS: 718-986-6431
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0 votes 1 answer Share Flag
Fri Sep 19, 2014
Susan Finch answered:
Why aren't the maintenance fees clearly listed?

What's the maintenance fee for 735 Kappock St #12C?
0 votes 2 answers Share Flag
Mon Apr 7, 2014
Phil Rauch answered:
Can anyone advise me if it's possible to park one's car at the various riverdale #1 train stops in the morning? I'm looking to live up there and it seems it'd be a faster commute if I could leave my car at either the 242 or 235th street stops. Thanks ... more
0 votes 4 answers Share Flag
Wed Sep 25, 2013
Kevin and Julie McLaughlin answered:
More info needed to adequately answer...
0 votes 1 answer Share Flag
Fri Jun 28, 2013
Trevor Curran answered:
Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.


Saving money for a down payment? Well, heck, you can do that on your own.


If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.


Find a way to save up on your own; not with Rent To Own.


Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*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
Sun Jun 9, 2013
Joseph Cosentino answered:
Good afternoon Akiva,
We would be glad to help you with setting your appointment to view this property.

Please call the office M-F from 10am - 7pm to schedule.

Thank you,



Joseph Cosentino
Morris Park Realty
718-881-1923
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0 votes 3 answers Share Flag
Thu Jan 24, 2013
Daniel Sasse answered:
I have a listing overlooking Ewen Park. I always see people using the Dog Run and the courts.
It is a beautiful Park.
0 votes 4 answers Share Flag
Fri Aug 28, 2009
Liz Steele answered:
It depends on how much you want to spend as well as how you see your investment turn over in time and amount o f profit.
The Hudson has a very long stretch in terms of, “Exactly where you want to invest.”
There are many different sources of information depending on:

 Where you would like to own the property?
 What you want to do with it?
 How much you want to spend in total?

If you are in the New York City area I am located near City Hall as well as Long Island City in Queens.
Get back to me to set up an appointment and we can talk about your options.

Liz Steele
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