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White Plains : Real Estate Advice

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  • Local Info29
  • Home Buying75
  • Home Selling11
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Activity 219
Wed Oct 18, 2017
Kathy Burgreen answered:
I know this is old but still relevant and frequently asked. PMI is insurance that you pay monthly to protect the lender in case you don't / can't pay the mortgage on time every month. When buyers have 20% or higher down payment, PMI is not needed because the buyer used their own savings /gift to lower their lenders risk. However, when buyers can only afford less than 20%, this increases the risk to lenders because they now have to give you a larger loan. So because of the risk, you (the buyer) is being "punished" by being forced to pay PMI. ... more
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Fri Oct 13, 2017
Jean Rivaldi answered:
Ha ha ha ha ha ha ha ha! That's a good one.

But seriously, we don't. 99.9% of the time if I find myself at a property with my clients that is more than they told me they wanted to spend, it is because they found it online (not in the search I created for them based on their criteria) and asked to view it. ... more
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Tue Aug 22, 2017
Blndnlvnlf asked:
Sat Jul 15, 2017
Kathy Burgreen answered:
Nice home's that you would consider perfect are more expensive and landlords need tenants who can pay the higher prices. Landlords refuse to take a loss on an expensive rental to give it to somebody with a voucher. People on vouchers need to realize the only rentals available to them are in bad neighborhoods or in housing projects. Everything else requires a good income and no vouchers.

When you have money invested in a building, you want tenants to pay a high enough rent to cover your expenses. Vouchers don't pay enough rent money. The dollar amount offered is too little. If you don't like it, get a job making more money.
... more
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Sun Jun 4, 2017
Kathy Burgreen answered:
You did not include an address or a link. Nobody can help you unless we have the address.
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Sat May 20, 2017
Kathy Burgreen answered:
As a former White Plains realtor, do NOT PAY!! 1) You need to know that ALL agents / brokers who are members of HGAR (http://www.hgar.com) which is Westchester's MLS system SIGNED a contract that states they will accept the commission percentage agreed to by the landlord /property management company. Therefore, if an agent brings a tenant to sign a lease, your agent is being paid by the landlord because the agent representing the landlord / property management company is required to split the commission with your agent.
Further, the rental listings in the MLS system state under "Agent Remarks" that there is NO double dipping. The agent MUST accept the commission split between the landlord's agent and your agent OR the tenant pay the commission.

What you NEED TO DO NOW: Go to the rental and get the contact information for the landlord / property manager. You may have it already. Call them and tell them that your agent is asking for a commission payment from you and you know the landlord is already paying which means this is legally considered "double dipping". See what they say. They don't have a hidden agenda to get a larger paycheck, so they will tell you the truth. Try to get it in writing. Then call the Office Manager / Broker for your agent and tell him/her that your agent is double dipping illegally. Then ask to be assigned to a different agent who will accept payment from the MLS system.

I know in the NYC area, most brokers ask for commission fee payment upfront. Unfortunately in NYC, double dipping is common or landlords refuse to pay because they know brokers get a fee upfront. When you look for rentals in the suburbs, this doesn't happen. Which is why I suspect your current agent may either be from NYC where this is common OR a new licensed agent who is broke because there are fees new agents have to pay and he/she is looking for you to pay those fees.
... more
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Mon Apr 17, 2017
Peggyjungers answered:
Sun Apr 9, 2017
Kathy Burgreen answered:
You cannot qualify for anything now. You need to increase your income, reduce your debt and improve your credit score.

What Gregg Pomeroy does NOT include in his reply is that property taxes and maintenance is expensive in Westchester County. Even if you were to buy a cheap 1 bedroom co-op, you need to be approved by a co-op Board who may reject you based on your finances - EVEN IF your lender approves you for a mortgage.

The average prices for houses in White Plains is $700,000. You can get a fixer upper for about $500,000. but no lender will approve you unless you have $200,000. to fix all repairs. Sellers are not going to spend the money to fix repairs. To afford a house in White Plains, you need a $200,000. income. Since you only make $42,000., forget buying a house. By the way, property taxes on a house in White Plains = $15,000./year.
... more
0 votes 2 answers Share Flag
Wed Feb 22, 2017
Walkow Law Office answered:
Hello,

We provide Real Estate Law Services for only $495.00 from contract to close! We also cover the NJ/NY area contact us at Walkow Law Office to learn more

Thanks
0 votes 14 answers Share Flag
Thu Feb 16, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
0 votes 1 answer Share Flag
Mon Feb 13, 2017
Maricris A answered:
Hi,

Once you activate your listing on Zillow, it will appear on Trulia within 24 hours.

Regards,

Maricris
Consumer Care Advocate
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Thu Nov 3, 2016
Kathy Burgreen answered:
You don't need an agent anymore. The most important step an agent could have done for you was negotiate on price or show you recent comparable co-op prices that have sold. Since the seller accepted your offer, your next step is to get a real estate attorney to review the contract. You will need to pay the down payment at the time of signing the contract.

Once the contract is signed, if you are getting a mortgage, your lender will ask you to pay for an appraisal. If you are paying cash, you have the option of paying for the appraisal.

The final step is the co-op board application. You will need to fill this out and wait to find out if the co-op Board will accept you as a resident. A realtor has no part in this.
... more
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Fri Jun 17, 2016
Michael Levy answered:
Hi Debra,
I doubt that the owner of the building can reject you on those notions. If you have any more questions, feel free to contact me.
Michael Levy
Principal Broker at Grand Lux Realty
914-273-9688
Grandluxrealty.com
... more
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Tue Jun 7, 2016
USMortgageRanger answered:
That would be something that you would have to log into the VA wed site and discuss with them. If you are still having issues please reach out to me.

Lowell Sterling 469-347-3572
0 votes 1 answer Share Flag
Mon May 16, 2016
Camille asked:
Has anyone gone through the buying process at The Broadlawn complex in White Plains? I've seen a couple units and ask my realtor to put in an offer for me. It's been a while now and each…
0 votes 0 Answers Share Flag
Mon Apr 4, 2016
Catrina2002 asked:
How do I get rental listing on Trulia-I put into Zillow but dont see in Trulia
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