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Wallkill : Real Estate Advice

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  • Local Info2
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 25
Mon Jun 1, 2015
mary.boeringer asked:
I have gotten prices in the $345,000 - $370,000 range from zillow, and real estate agents I have spoken to.
0 votes 0 Answers Share Flag
Fri Jun 13, 2014
Ron Rovtar answered:
Hi Mary:

You just asked one of the toughest questions in real estate. You're not alone. Real estate agents field this question thousands of times each day by people hoping that there is some formula to guide them. Unfortunately, there is no easy template that everyone can use. But there are some considerations you and your RealtorĀ® may want to contemplate before coming up with a number.

One important factor is the strength of the local real estate market. Here in Boulder, nice properties go under contract so fast that a good initial offer for a $195,000 property could very well be $200,000. Might as well get the seller's attention amidst all those other offers. In other places, perhaps where you are at, properties may still be languishing on the market and an offer of $175-$180,000, or lower, might be a perfect place to start.

There are other important factors. How does the house match up to nearby comparable properties? What is its physical condition? How long has it been on the market? Have previous contracts fallen through? Could you easily find an equally appealing property at the same price if another buyer swoops in with a great offer and gets the home under contract? Do you know anything about the seller's motivation for selling? If the seller feels pressure to sell, then you might be more aggressive with your offer.

And, of course, you must put other considerations aside and decide what the property is really worth to you.

In the end, there really is nothing simple about negotiating price.

Best,
Ron Rovtar
Website: http://goo.gl/61Xc7Q
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0 votes 1 answer Share Flag
Mon Apr 14, 2014
rdviv asked:
Hello, I have been relocated to the NYC area for a job and i am having a really hard time finding a place to live. I make a good wage and will be here for at least two years, but due to…
0 votes 0 Answers Share Flag
Sat Mar 8, 2014
Al Rodenburg answered:
We can help you with 203k (regular and streamline) rehab loans - as well as HomePath renovation and FNMA HomeStyle renovation loans.
- Al Rodenburg, Sr. Loan Officer - NMLS# 272775 (281) 236-5743 al.rodenburg@flagstar.com ... more
0 votes 170 answers Share Flag
Tue Feb 4, 2014
Brandon Leibowitz answered:
Has anyone tried Prospect Mortgage since all the bad rap on BOA keeps appearing. I tried Prospect last year and was pleased at the ease of the process. I thought it would be a loooong drawn out process but it was completed within a few weeks; not months! ... more
0 votes 12 answers Share Flag
Fri Aug 3, 2012
Marc White answered:
Short Sales are very difficult to "figure out". With all the problems in the banker industry, these have taken the brunt of the blows. There is no rhyme or reason to the time it takes to close one...I had one close in less than 30 days, another that took almost a year. (Maybe the government can bail them out again). ... more
0 votes 8 answers Share Flag
Fri Aug 3, 2012
Mack McCoy answered:
Oh, right. Thanks, Debbie.

Actually, I don't really care that "consumers" "hate" "cheerleading." Rah Rah Rah!

Real estate speculators have always made their money buying low and selling high; the trick is, knowing when low is low enough. And you only know that for certain after the fact.

But homeowners should have another set of concerns, mainly - how do they want to live? And there's no single right answer for everybody, not even a general set of guidelines.

If homeownership is your desire and your situation allows, most of the time, that's when you'll buy. Sometimes, you won't. Life goes on either way.

One secret to success in real estate sales is to focus on the people who actively want to buy and sell, and leave the rest for another day.
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1 vote 14 answers Share Flag
Fri Jul 27, 2012
Edwards Properties answered:
Hello! My husband and I work in the Wallkill area and would be happy to help you find what you options are! Please let our team know how we can help!
845-249-8539
www.homes4salehudsonvalley.com ... more
0 votes 2 answers Share Flag
Thu Jul 26, 2012
Voices Member answered:
They usually say two years for DIL but the only way to know for sure is ask a lender to pull your credit scores and check with an underwriter.

If you would call my office I can refer you to the VP of M&T bank.

My offiice is open from 9AM to 8PM every day. 845-255-0019
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Sun Apr 29, 2012
Trevor Curran answered:
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. http://consumer-action.org/

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. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm


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
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Sun Aug 14, 2011
Dianne Hicks answered:
No... it is not required by law unless it is in the contract. That does not mean that you cannot negotiate that into your contract.... doesn't hurt to try!! Good Luck

Kindest Regards,
Dianne Hicks
... more
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Thu Mar 10, 2011
Karyn Hudgens-Gorman answered:
Hi, If you are looking in the Wallkill Area for a home about $300K, Call me, I have a beautiful totally renovated colonial that is about to go on the market! Once this home hits the listing it will go fast! Call me today 845-591-4724 for a pre listing showing! ... more
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Wed Feb 10, 2010
Voices Member answered:
If you were sick would you go see a doctor for professional advice? If you needed legal advice would you seek an attorney? If you are buying or selling a home why wouldn't you seek out a professional experienced in that field?

As a buyer you would want to seek out a buyer's agent who is versed in representing buyers.Having your best interests as a client, that agent will not be representing a seller and will negotiate on your behalf, just as an attorney would do.

Yes a buyer's agent may ask you to pay a fee to locate your home if the circumstances were that no compensation was being offered from a cooperating broker or a seller. No one can work for free unless they are independently wealthy.

In the event the cooperating broker was offering a compensation to the buyer's agent chances are the agent would accept the fee and not change you. That's a question you'll need to ask your buyer's agent because everything in life is negotiable except death.
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0 votes 8 answers Share Flag
Tue Dec 8, 2009
William Polack answered:
I'm in GA, so excuse me for not knowing if you are an attorney or title company state. Either way, contact the title/closing attorney. They are the ones who helped establish the escrow for you home. If they can't help (which is common - no offense), you will need to find someone who handles the escrow department at bank of america...hold on while I find you something...ok. Call (866) 921-4764. this is the bank of america 203K loan support group. I called it myself and asked the nice lady if they were operational (they had some issues back in Sept). Below is the link to another Trulia question of the same (so, I'm no genius) with 105 responses. It has some good info in it to know what to expect and do before making the call. ... more
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Tue Nov 24, 2009
Deborah Camacho answered:
Dear Nicol,

The most important thing you need to understand about the draws it that THEY TAKE TIME...realistically about 4-6 weeks. You must plan ahead for this and try not to split the draws into small increments. It is a great deal of work for everyone involved and the last thing you want is the pressure of a contractor waiting for a small amount of money and holding up the work. We always advise to break it up into large enough increments to keep the job moving, but of course this depends on the scope of the work which is different on every loan. Good luck, I hope your home turns out to be all that you hope for.

Best Regards,

Deborah Camacho
Mid-Island Mortgage Corp.
... more
0 votes 5 answers Share Flag
Sun Oct 11, 2009
Voices Member answered:
The truth of the mater is that all the agent does at the closing is sit on the sidelines and offer moral support. We all would like to be there because honestly it's payday and not many people wants to miss that.

Everything that needed to be done by the agent has been covered prior to the closing and if there is some sort of question that may come up it will be of monetary value or legal issue and would be decided by the folks selling or buying with the guidance of their respective attorneys.

At some closings there are only the attorneys, providing that the buyers, sellers or both have given their individual attorney the power to sign for them.

In the case where an agent has had unforseen circumstance arise he/she will usually contact their broker or another agent to fill in the gap with a walk through.Phone service is usually available at most places so feel comfortable that your agent will be checking to ensure that the closing is going smoothly.We're only human and have life issues as you do.
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0 votes 7 answers Share Flag
Thu Oct 8, 2009
Debra (Debbie) Rose answered:
Lauren, this is a national program, not just in NY. It ends for everyone Nov 30.........many are hoping that it will be extended, but so far this has not been decided.

As a single you may earn $75,000 (as modified adjusted gross income) for the full credit - it phases out at $90,000..........couples can earn $150,000.............phasing out at $190,000..The home must be your principal residence.

Good Luck
Debbie Rose
Prudential NJ Properties
... more
0 votes 2 answers Share Flag
Thu Sep 10, 2009
Voices Member answered:
In short you should have been told in four to five days. Could very well be that the lender did not order the appraisal because when an appraiser has accepted a work order they are given a time limit to submit it to the lender unless they ask for an extension because of the lack of comparables or something more valid.

You have every right to question the lender because you are paying for the appraisal so get on the phone and do not accept anything other than a copy of the appriasal which would be coming from a valuation service. Ask the lender for the name of this company and who they spoke to when it was ordered. In this case you are their client and they are legally obligated to give you the answer.

Your agent does not have the authority to do this on your behalf but he/she can pressure the lender to call you.

I'd really like to know what the response was.
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0 votes 3 answers Share Flag
Thu Aug 6, 2009
Debra (Debbie) Rose answered:
Lauren ..........unfortunately many sellers misplace their surveys. it is very common for them not to have a copy. The title company (yes, at your expense) will order a new survey for the home, and yes, you need one.

Since you can't see the survey at this time, just make sure there are no encroachments or easments on the property. Your realtor should be able to have those questions answered for you.

Best wishes with your purchase!
Debbie Rose
Pprudential NJ Properties.
... more
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