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Home Buying in Westbury : Real Estate Advice

  • All30
  • Local Info1
  • Home Buying13
  • Home Selling0
  • Market Conditions1

Activity 20
Fri Jul 21, 2017
Kathy Burgreen answered:
I agree with you 1,000%. Now that I'm a retired realtor and life long resident in the NYC area, I can reveal the truth. The truth is realtors own the MLS system which has far more search filters than real estate websites do. We refuse to disclose certain information because we need buyers like you to call us for that missing information. If everything was disclosed online, there would be no need for you to call an agent and it would slow down their business drastically. For this reason, real estate agents refuse to give away information like: co-op maintenance fees, HOA fees for condos, whether pets are allowed or not in rentals, co-ops and condos, school district information, etc.

Since buyers like you are forced to call the agent for maintenance fees, it gives the agent the opportunity to convince you to work with them IF that agent feels you are a qualified buyer. You will be vetted since the agent will ask you a lot of questions to "screen you".

Yes, I'm guilty since I did the same thing when I was a realtor. Sorry, but in order to get paid, we need buyers to contact us. Now time for some tips / advice from a retired realtor:

Buying a home in Westbury / Nassau County:

1. Make sure you are pre APPROVED by a lender - not pre qualified. Big difference and agents will not accept pre qualified letters.
2. Make sure you have cash to pay your own closing costs + the minimum down payment for the co-op or at least 10% for a condo.
3. Be flexible. Buying a co-op or condo on Long Island is expensive - you're really paying for the good school districts like Westbury. Therefore, you need to keep your options open and know that you will NOT get everything on your checklist. You will need to sacrifice.
4. For co-ops and condos - make sure you review the financial reports for the building. Either you do it or your attorney or lender needs to do it. Do not close on a co-op or condo if the financials are in the red or there are financial issues. You will regret it. As a realtor, I know of many co-op and condo buildings in Westchester County that have financial issues. Red flag signs to look for: have there been frequent maintenance increases within the past 3 years? Are there any pending lawsuits or litigation matters? Have there been frequent personnel turnovers? Are there any projects pending which will require fee increases? Try to speak to residents and the super. Both will be willing to talk to you. Hang around the building during the morning rush hour and see who is willing to talk to you. If you need to work, do you have a relative, friend or somebody who can do it on your behalf?
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0 votes 1 answer Share Flag
Wed Aug 26, 2015
Oleg Volfman answered:
Hello Robert.

I use Enid Adinolfi, Mortgage Broker from RESIDENTIAL HOME FUNDING. Great person and gets the job done. 631-946-2931.

Good Luck!
0 votes 1 answer Share Flag
Wed Oct 1, 2014

The good news is that you don't have to make a 20% down payment for a $300,000 mortgage; in fact, a conventional loan with NO mortgage insurance would only require 5% down. If 5% is still too steep you could even obtain a FHA Loan with as little as a 3.5% down payment. Bottom line is there are options. It's simply a matter of me crunching the numbers so you and your wife can determine which scenario makes most sense for your family.

I recommend that we speak so all options can be determined. We'll weigh-out payment options while ensuring the down payment is within a comfortable range. Please don't hesitate contacting me directly via phone or email, whichever is easiest. I look forward to helping.

Kind regards,

Paul Marzolla
Vice President
Direct: (201) 957-6768

Licensed by New York Department of Financial Services
Member of NAMB - The Association of Mortgage Professionals
Member of New York Real Estate Investors Association
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Tue Feb 11, 2014
Glenn Koebel answered:
My best friend lived on Marshall la westbury, Hicksville schools ! ! Westbury post office westbury little league too i think. The dividing line for school districts is cantiague la east side Hicksville schools, west side and all streets beyond go westbury schools. ... more
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Wed Feb 5, 2014
Joseph Roraff answered:
No, it is not a must. There are some loans you can do with 0 down.
0 votes 9 answers Share Flag
Thu Sep 5, 2013
Brian Nguyen answered:
It is hard to truly answer this question without specifics but I will try my best. The important thing to keep in mind is that your ability to get a loan also relies on other factors as well. These factors include employment history, expenses, debt, liabilities, assets, as well as credit score and income. Also, what do you mean by fair credit? Either way, lenders like myself have given out loans with credit scores as low as 580. So if you fall into that category I can definitely help you out, if not I can steer you in the right direction and still try to see what I can do for you. Well with your income, it can still be possible to get a loan but like I said it depends on other factors as well. So I would suggest to talk to a lender like myself so we can get all the information we need to determine whether or not we can get you approved for a loan.

Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!

Good Luck!

Brian Nguyen Sr.
Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
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0 votes 8 answers Share Flag
Fri Aug 23, 2013
Cristina Callegari answered:
Yes, there was a Lis Pendens filed on 7/11/2011, The LPID # is: 25611 and the Index Num is: 11-010180. The home is an Estate and there are also multiple IRS and tax liens on the home as well. If you are considering purchasing Foreclosures I would advise that you wait until they become REO (real estate owned) when all the liens have been cleared. I am happy to explain the differences to you and work with you to find the right property. I can be reached on my cell at 917-921-5397, you can also visit my website to read more about foreclosures and REO properties at ... more
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Sat Jun 29, 2013
Cristina Callegari answered:
This home is located in the New Cassel section of Westbury where pricing is lower than the area average. Westbury has several distinct areas, New Cassel, Village of Westbury, Salisbury and Salisbury Estates are just a few. I'd be happy to help you learn about the different neighborhoods in the surrounding area if you'd like me to. ... more
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Thu Apr 25, 2013
Good afternoon Sharon,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.

Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

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

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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Tue Apr 2, 2013
Javier Meneses answered:
The only and best thing you can do is make sure your Realtor presents your offer to the seller face-to-face. If you feel that based on the comps, the house is overpriced, perhaps your Realtor should present the offer along with the closed transactions and explain that your offer is closer (if it in fact is) to true market value as oppose to the listing price. I do not know the details of your situation, but I have found that it is not always the listing agent who has sold the seller the idea of a higher value or asking price, but sometimes sellers are convinced that their homes are worth more than what the market says it's worth.

Also keep in mind, if it were the listing agent or the seller who is pursuing an unrealistic value, keep in mind that you're going to run into these situations. If you're not willing to pay the price, and they're not willing to meet you somewhere that could get a deal done, you'll just have to continue searching for a home that does work at the price that you're willing to pay.

Good luck!

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648
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0 votes 11 answers Share Flag
Sat Mar 30, 2013
Princessruby54 answered:
Wow, nothing like answering a question in a timely manner. I asked this question almost 9 months ago. You could birth a child faster. I got the answer on my own months ago. So much for your help. ... more
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Tue Oct 18, 2011
Nick answered:
hello, tx for response. I'm sorry if my bluntness offends you. I do not worry about being politically incorrect and have np saying outloud what others say behind closed doors. I believe u r shortsided as the black n white people have clearly segregated themselve in Westbury long before I started looking. I am ignorant cause I choose to follow suit? I think I would be naïve not to. I have no problem with mixed areas but LI is soooo segregated. I'm not willin to have my child be one of the only white kids in a underfunded minority school. ANY white parent thinks the same way. Sorry. ... more
0 votes 8 answers Share Flag
Mon Oct 17, 2011
Lydia Green answered:
The Long Island Housing Partnrship is an excellent option for housing grants. If yyou do not want to wait for grant approal (or don't qualify), ask your lender if the VA will allow you to finance your closing costs (the FHA allows this). As long as the total loan does not exceed the value of the property this could be a good option for you. ... more
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Sun Jul 24, 2011
Diane Wheatley answered:
Dear Chaz,

There is a difference between "can" and "should". The missing permit should not prohibit you from purchasing the home unless the lender cannot value the home at the agreed to purchase price due to the variance in square footage or integrity of the property.

As long as you are aware of this permit issue, the burden falls on you as to whether you are willing to take on any risk involved if the city or county were to require you to obtain the necessary permits by the use of a licensed building contractor.

Caveat emptor is latin for "Buyer Beware" and certainly comes into play for you on this one. Best of luck to you!

Diane Wheatley, Broker
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1 vote 5 answers Share Flag
Tue Jun 29, 2010
Ralph Windschuh answered:
The most important question is, do you still want the property? Even if you don't, consult your attorney regarding the ramifications to you if you don't sign it - will you get your down payment money back if you don't? Unfortunately, short sales can take an amazing amount of time to complete and there's not much you can to speed it up. When they're ready, they'll expect you to be ready. Sorry you're having a hard time. Good luck!

Ralph Windschuh
Century 21 Princeton Properties
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Tue Feb 9, 2010
Ljenkins answered:
I actually researched this topic shortly after posting this question and came across "time is of the essence letter" I discussed it with my attorney and we sent one to the seller. 2 weeks later the tenants were vacated and we were able to close. I am now living in my home.

Thanks for all the responses,

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0 votes 6 answers Share Flag
Sun Feb 8, 2009
J R answered:
Obviously Paltow has no license to lose.

Knick does not know more about Westbury than a Realtor. If he did, he wouldn't be asking the question. Perhaps Knick is [ahem] "low income" himself [I WONDER what image those words bring up in Paltow's head].

Knick, my suggestion is to go on the school district website, check the scores, take a couple of day trips down to the island, drive around, spend some time at the local library and shopping areas, ask to see a few houses, and when you think you're comfortable, decide whether or not you want to buy.
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Tue Sep 9, 2008
Mark Rienzie answered:
Hi Jacqueline

The acceptance of a voucher will depend
on the Co-op Developement.

The voucher may stipulate certain requirement
not in accordance with some co-op by laws.

All co-op boards are different but most that I
know are extremely critical as to purchasers
financial status. (income, credit, down payment etc)

Currently, co-op boards do not have to disclose
any reason for declining a purchaser.

Call or e-mail for more info.

Mark R. Rienzie
Century 21 Laffey Associates
Tele: (516) 333-0025 ext 313
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1 vote 6 answers Share Flag
Wed Jul 9, 2008
Mark Rienzie answered:
Hi Rosy

This can be tricky

A preliminary and quick Title search should
be done first. Foreclosed properties may have
other liens and judgments pending.

Location is critical. Westbury has about 21 subdivisions,
5 different school districts and price varies with location.

You will need to be working with a knowledgeable
real estate agent.

If you bid too low, you may be out bided
if the location warrants a higher offer.

Or you may be buying a money pit because many
foreclosed homes are not well maintained.
Paying for a Licensed Home Inspected can
expose defects and anomalies that impact

Be careful.

Wish you the best.

Mark R. Rienzie
Licensed Real Estate Salesperson
Century 21 Laffey Associates
(516) 333-0025 ext.313
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0 votes 2 answers Share Flag
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