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Home Buying in Ulster County : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling1
  • Market Conditions1

Activity 136
June Buerkle, Home Buyer in Chattanooga, TN
Wed Aug 17, 2016
June Buerkle answered:
It depends on how badly you want the house.

From the seller's perspective, it is not their problem as it is your lender telling you that it has to be done. If it is a Buyer9;s market, they might prefer to pay for the work so that they don't lose you as the buyer. In a Seller's market, they will probably decline to pay for the changes, as they can probably find another buyer who won't have this issue (cash buyer) or is willing to pay for it.

From the buyer's perspective, this is an added expense you didn't count on (Welcome to home ownership!) and you probably think the seller should pay for it or reduce their price so you can pay for it. However, it is all negotiable. Check the language of the contract, usually inability to obtain financing is a clause which would let you back our of the deal without penalty.

1),Seller might pay (means he makes less $)

2) Buyer might opt to pay, in order to obtain financing (essentially, the house just cost more)

3) You agree to walk away from the deal & both parties start over with new partners.
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Patricia Dav…, Home Buyer in Olivebridge, NY
Thu Aug 4, 2016
Patricia Davis asked:
Banks know a single woman at 60 would be retiring soon so would they give a mortgage? On the other hand, the person would have to either pay mortgage or pay rent so why not?
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Em, Home Buyer in Saugerties, NY
Sun Jul 31, 2016
Em asked:
June Buerkle, Home Buyer in Chattanooga, TN
Thu Jul 21, 2016
June Buerkle answered:
Then most people you know are buying more house than they can afford.

20% down is not excessive if you buy a starter home and then sell and buy your way up.

Lenders used to do piggy-back loans where you would close 2 loans on the property. 1 smaller loan was at a higher rate (but below PMI rates), in order to make the bigger loan below the 80% also threshold.

I am not sure if lenders have brought those back,yet like they have the 3% down loans.
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0 votes 1 answer Share Flag
Alysse Musgr…, Real Estate Pro in Coppell, TX
Tue Apr 26, 2016
Alysse Musgrave answered:
The seller dictates what information the listing agent is allowed to share.

Don't Let Them Make a Monkey Out of You! Follow the links below.


Alysse Musgrave
http://HelpUBuyAmerica.com
https://www.youtube.com/watch?v=D5wipynkV4U


Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
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P. Dallorso, Other/Just Looking in Englewood, NJ
Mon Mar 14, 2016
P. Dallorso answered:
On all cash deal on a Condo from owner do I as the buyer need title insurance
0 votes 9 answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Wed Feb 24, 2016
Dan Tabit answered:
Mwm,
There are lawyers and former lawyers that participate in this forum. Not many and more would be welcome. Trulia has all but abandoned this forum since Zillow bought them, so I wouldn't expect to much to be added. ... more
0 votes 1 answer Share Flag
Judy, Home Buyer in Saugerties, NY
Sat Jan 23, 2016
Judy asked:
Sometimes it says Single Family home or Multi-Family Home. So what does it mean when it says unspecified?
0 votes 0 Answers Share Flag
Testerthetes…, Home Buyer in Brooklyn, NY
Tue Jan 19, 2016
Testerthetester asked:
Just bid on and won ( I know that means nothing yet ) on a Hubzu property, and now I'm looking for some advice on next steps. I have an agent that was working with who I think I can…
0 votes 0 Answers Share Flag
Wilbertammy, Home Buyer in Big Indian, NY
Mon Nov 23, 2015
Wilbertammy asked:
Kathy Burgre…, Home Owner in Westchester, NY
Mon Oct 12, 2015
Kathy Burgreen answered:
There is no direct service. You can take the bus or train to Kingston then take a taxi to Hurley. I'm not sure if there is taxi service available or what the cost is. Are you able to rent a car? The issue is the time schedule may not coincide with yours. Trains & buses to Kingston don't run that frequently. ... more
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Crimper10, Home Buyer in New York, NY
Mon Sep 28, 2015
Crimper10 asked:
& a Broker cocktail open house(according to my broker,they all said it showed very well,except attic was never finished,& 3rd bedroom didn't have closet)3rd bedroom now has…
0 votes 0 Answers Share Flag
Osh, Home Buyer in Accord, NY
Wed Sep 16, 2015
Osh answered:
You can also take the NY Trailways to Rosendale from the Port Authority, depending on where you live in Accord. It leaves every 30 minutes or so. www.trailwaysny.com. I then take a taxi to accord, which is about $15-$20. Accord Taxi - 845-626-9620 ... more
0 votes 3 answers Share Flag
Barbarasarah…, Home Buyer in Kingston, NY
Wed Aug 5, 2015
Barbarasarah18 answered:
My house in uptown KIngston is in a great neighborhood. Good schools, park/playground/tennis, bus to NYC a few blocks away. My house is 106 y.o.,has a two car gage, finished attic, small yard, friendly neighbors....
Kingston has more artist venues per capita than any other city in the US!
Check out 27 Emerson Street. 12401
My realtor is Jasmine Jordaan, Westwood Metes and Bounds Realty
... more
0 votes 7 answers Share Flag
Oprahbow, Home Buyer in Kingston, NY
Thu Jun 25, 2015
Oprahbow asked:
we are looking to buy a three bedroom home in a good school district but would like either rent to own or purchase a three bedroom that is around 150,000 or under is this an unrealistic…
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josephe8, Home Buyer in Poughkeepsie, NY
Tue Jun 16, 2015
josephe8 answered:
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