Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Sunset Park : Real Estate Advice

  • All57
  • Local Info3
  • Home Buying15
  • Home Selling2
  • Market Conditions2

Activity 14
Sat Apr 16, 2016
Joey Garcia asked:
Sat Jan 31, 2015
Natallia Nosovicki answered:
The seller is at liberty to put up the property for sale at ANY price he/she desires. Almost in any given market you will find houses that are priced slightly above/below market value, properties priced at market value or very overpriced properties.
For you ,as a buyer, not to overpay for the property, I would suggest consulting with a knowledgeable local realtor who will look at the property, provide you with a comparative market analysis of similar properties recently sold in the neighborhood and will advise you if the property is priced according to the market value.
... more
0 votes 3 answers Share Flag
Fri Jan 30, 2015
Natallia Nosovicki answered:
For condos/houses : it's all about the closing time.
When there is no mortgage (financing) involved in the purchase transaction the closing time can be brought down to days (given you have great lawyers and realtor who can speed things up). When going after a cash offer the seller eliminates the risk of the buyer not getting a mortgage for this or another reason and therefore saving himself time (especially if the seller needs to sell the property fast).
For co-ops : banks might not be financing the building for a number of reasons which leaves the seller with no other option but to only look for an all cash buyer.
... more
0 votes 11 answers Share Flag
Mon Mar 31, 2014
Frank Cullen answered:
Hi, we have a gorgeous 4 room 650 square foot co-op on 41st street across from beautiful Sunset Park. $278,000 Owner is motivated.
0 votes 7 answers Share Flag
Fri Nov 29, 2013
Lior Raviv answered:
Hi Helen,

We have a plethora of properties for you to look at in the Brooklyn area. We pre-qualify all of our prospective buyers for free here at the office. You don't have to deal with any sellers agents because we own all of our properties and sell them ourselves. I would suggest coming into your our office on Jamaica Ave in Woodhaven after going to our website, and looking through our property inventory. If you need any help, give us a call at 718-880-2170. We work with first time buyers all the time, and can guide you through the process of finding the perfect home for you.

... more
0 votes 8 answers Share Flag
Sat Oct 12, 2013
Emilio Velazquez answered:
0 votes 3 answers Share Flag
Tue Sep 24, 2013
Jacqueline Alexander answered:
Dear Erica,
In addition to Mitch's informative response. I would also like to add that here at Fillmore, we afford our clients relocation services that will definitely make your move less stressful.

Give us a call and let us see how we can assist you.

Jacqueline Alexander
Licensed Real Estate Salesperson
Fillmore Real Estate HQ
2990 Ave U
Brooklyn NY 11229

DIRECT: 347-612-2890
Office: 718-907-1137
Fax: 718-732-1165
... more
0 votes 6 answers Share Flag
Fri May 3, 2013
Good evening,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
1 vote 3 answers Share Flag
Tue Feb 12, 2013
Michael Richman answered:
Liar loans were the no documentation loans that were very popular when the real estate market was rising rapidly. It allowed people to say they made x amount of income without providing proof.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Suite 1501
New York, NY 10123
212-757-8268 x220
... more
1 vote 2 answers Share Flag
Tue Jan 29, 2013
Good afternoon,

As many years as I've been helping First Time Buyers (23 and counting!!!) my clients have often asked me, "How do I know what the Seller really wants for the house?"

My response has always been: "Make an OFFER!"

When you make an Offer you are opening a dialogue with the Seller of the home (through their Realtor unless you're buying a FSBO). Conversations are a great way to get to the nuts and bolts of a home purchase. Too often Buyers want to ask lots of questions to get "inside information" about the Seller's wants in terms of price. With the internet, Buyers can frequently research what a Seller paid and how much the Seller may owe on their existing mortgage(s). IMHO this is a flawed method for getting to the truth about Price.

Create a dialogue with the Seller by making an Offer. Watch and listen for the Seller's response. Is there no response? Consider increasing your offer slightly. If there is a response to your Offer, what kind of response is it? A counter-offer? A resounding, "NO?" Or, best of all, an Acceptance?

No matter the response, you've opened a conversation. Once the conversation has begun the purchase transaction begins to gain momentum. I know it may not feel that way, but the parties involved, including the Realtors, are thinking "We have a potential deal on the table. What do we have to do to make it work?" Your Offer will soon lead to a serious dialogue and hopefully an acceptance. You won't know unless you make that opening bid; so, make an Offer, create a diaogue with the Seller and Buy Your Home!

See my blog, "Five Steps To Making An Offer" for a sharp negotiating style that focuses on making you the most serious and qualified Buyer a Seller has ever seen.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services

If you thought my answer was useful, please give me a "Thumbs Up!" Thanks!
... more
0 votes 3 answers Share Flag
Fri Feb 25, 2011
David Rogoff and Bonnie Chernin answered:
I do not believe this home was ever for sale.

Bonnie Chernin and David Rogoff
Fillmore Real Estate Branch #19
2926 Avenue J
Brooklyn NY 11210
917-593-4068 (David’s Cell)
646-318-5031 (Bonnie’s Cell)
... more
0 votes 1 answer Share Flag
Thu Jul 30, 2009
Rhonda Holt answered:
Hello, let me just be straight and honest with you. If you are a busy person that is barely home, not very handy and don't like to be bothered with to many rules and regulations then a condo will suit you. Now, if you love your own individual space, enjoy working on home projects and you have time and additional funds to maintain the property then a home will work for you.

As far as the expenses are concerned the home will cost more because you have to pay to keep up the entire property, both inside and out. With a condo your common charges, which are usually fairly low covers the maintenance of the exterior and common area and limited interior repairs.

It's all about what you know you are capable of handling better and no one on the internet knows you better than you.

The point is you need to sit down and write down a list of all the positives and negatives to owning a condo and a home. In your heart you already know which lifestyle fits you best you just have to have the courage to make the decision.

I hope this answer helped you. Feel free to email me or call if you have additional questions. Feel free to read my Trulia Blog.

... more
0 votes 5 answers Share Flag
Fri Jul 24, 2009
Yuri answered:
One problem with new condos that everyone seems to overlook is it's tax status. Being new construction these units are taxed very high. Tax abatements just mask the amount of tax people face. If it wasn't a tax abatement, annual real estate tax for the average condo apartment would be $9,000!!! while average tax for a house in Brooklyn is $3500. One can only imagine what that $9000 will look like in 15 years, after tax abatement expires. ... more
0 votes 4 answers Share Flag
Search Advice