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Home Buying in White Plains : Real Estate Advice

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  • Local Info29
  • Home Buying73
  • Home Selling11
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Activity 93
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.
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Wed Feb 22, 2017
Walkow Law Office answered:

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

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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.
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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
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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…
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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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Mon Feb 8, 2016
Kathy Burgreen answered:
Can you refer to a specific listing where you are seeing this? Not sure what sign you are referring to.
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Fri Jan 29, 2016
John Gaglione asked:
Fri Jan 15, 2016
Tina Fellows answered:

I would suggest contacting a local realtor in your area because there are some costs that are also county based, so a local realtor would be the best person to talk to.

If you need help finding a local realtor near you, please contact me at tina.peters@cbnorcal (dot) com or at 408 637.8884.

Best wishes!
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Sat Oct 10, 2015
Josh Barnett answered:
Depends on that persons needs and wants. Have that person make a pros and cons list and seek family and friends advise too.
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Wed Sep 16, 2015
Pauljenny208 answered:
The best of real estate business setting up in Hudson Harbor area :-,
The better of luxury homes in westchester ny item or an objects will be given a try that are termed may have ordered the best or top category by yonkers homes for sale making the home owners get satisfied in the Mahopac real estate middle of the situation by other side as other facilities on Hudson harbor offer. The article is very much clear about the topic and helps in meeting the purpose. ... more
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Fri May 29, 2015
Michael Levy answered:
The average price for a 3 bedroom, 1000 sq. ft. apartment will be about $1500 a month to rent or $235,000 to buy. Occupancy rates vary widely throughout the city, but are usually 70-80%. Feel free to contact me if you have more questions.
Michael Levy
Principal Broker at Grand Lux Realty
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Fri May 29, 2015
Michael Levy answered:
Closing costs can vary based on several factors, such as the price of the house. You can ask your attorney or lender what they estimate the closing costs to be once your mortgage is approved. Please let me know if you have any more questions.
Michael Levy
Principal Broker at Grand Lux Realty
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Fri May 22, 2015
Kathy Burgreen answered:
I'm a retired real estate broker. To answer your question, yes, the condo is in a good neighborhood. BUT I must advise you that any real estate salesperson or broker will refuse to answer because it violates Federal and State Fair Housing laws and puts our license in jeopardy.

You will have to do your own research because what you consider a "good" neighborhood will be different from my opinion or anybody else's opinion. I suggest you drive around the area at different times of the day & on different days. Also visit with the local police department & the local public elementary school. Talk with parents picking up or dropping off their children. Visit the nearby playground on a weekend - parents will be there. You'll be surprised at the different responses.

One last thought. If you're interested in buying, your 1st step is speaking with a mortgage broker or lender & getting a written pre-approval. You will need this before you visit any condos. This is to inform your real estate salesperson how much you can afford & speeds up the process.
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Wed May 13, 2015
frank9915 answered:
What is a preferable rate of rentals in condo complex Naples Florida and can board decide what percentage of rentals are allowed.
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Tue May 5, 2015
Kathy Burgreen answered:
Since I recently retired as a real estate broker, I can educate you without the fear of violating any Fair Housing laws or brokerage violations. So here's my advice:
1. I hate to start with bad news BUT your budget is far below the requirements to purchase a condo. The starting price for condos is about $300,000. & the average price is about $400,000. And this is for 1 bedroom.
2. You need to look at co-ops. You are misinformed about co-ops. The truth is co-ops is a form of ownership because you are buying shares of a limited housing corporation that gives you proprietary rights to own a unit in a residential building. Owning shares of stock in a housing corporation means you are the owner in every sense and can resell your unit on the open market - just like selling a single family house. Co-ops were designed for buyers like you who don't qualify to purchase a condo. The difference between a condo and a co-op is with a condo - you receive the title to your unit. With a co-op, you receive a certificate with the number of shares assigned to your unit. Your shares are valuable and you can sell it to any buyer. Because of this difference (title vs. shares), prices for condos are much higher than for co-ops.
3. As for areas within your budget, you should look in Yonkers, Mount Vernon, Pelham Road in New Rochelle, Old Mamaroneck Rd. & Bryant Crescent in White Plains, and Richbell Road in Mamaroneck.
4. As for fees, the difference is with condos, the buyer pays the property tax and maintenance separately. In a co-op, the maintenance fee includes your property tax & maintenance combined. This is why the co-op fee appears higher than a condo fee - but in truth, if you add the condo's property tax & HOA fee, it adds up to the same amount as a co-op fee.
5. Down payment - please be advised all co-ops have a minimum down payment requirement. It varies from 10 - 25% of the purchase price. In a condo you don't have a minimum required down payment BUT the listing prices are much higher. If I were you, it's far better to have the minimum down payment for a co-op and be able to actually afford the monthly mortgage & maintenance fee of a co-op which will be far cheaper than a condo.
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Mon Mar 30, 2015
Christopher Pagli answered:
Hi, You can sell the home anytime you like. Your loan will be paid off with the proceeds of your sale. I'm really sorry to hear that you are in this situation.

Christopher Pagli

Accredited Buyer Representative
William RaveismLegends Realty Group

Westchester County Real Estate Consultant For "Buying & Selling" with the Property Brothers on HGTV
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Fri Feb 27, 2015
jjs33 answered:
I am not a realtor but a resident of the Fisher Hill neighborhood since 1964 when my parents bought a home here. My husband and I bought that home in 1980 where we raised two children who attended the city schools and graduated from WPHS. It is a wonderful, diverse, interesting neighborhood to live in and I still remain here. Rochambeau is a beautifully maintained, cornerstone of our neighborhood which now houses Universal Pre-K programs as well as the alternative high school. They all seem to be getting along within the building and neighborhood. If you had bought a home here I bet you would be enjoying it now

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Thu Jan 29, 2015
Diana Hellman answered:
You don't mention anything about price points. My recommendation is to speak with a mortgage professional so you know what you can afford and contact an agent at a reputable agency. Once you have a dialogue, you should have a clearer understanding of how and where to move forward. If you would like, you can contact me and we can discuss your situation. ... more
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