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Home Buying in Yonkers : Real Estate Advice

  • All393
  • Local Info22
  • Home Buying115
  • Home Selling11
  • Market Conditions3

Activity 197
Kathy Burgre…, Home Owner in Westchester, NY
Thu Sep 15, 2016
Kathy Burgreen answered:
Are you buying a co-op or a house? Are you pre approved? You need to be pre approved by a lender before looking at any homes. Realtors will take you out 1x but after that they won9;t until they see a pre approval letter. ... more
0 votes 1 answer Share Flag
Staff, Home Buyer in Yonkers, NY
Wed Aug 31, 2016
Staff answered:
You may consider WCC Tank Technology. Over 40 years in the testing business. Fully licensed, insured and holds certifications for Westchester and Rockland County as well as New York City Fire department certificate of fitness. WCC Tank handles the North East region of the Country for many environmental companies, engineers and regulatory agencies. WCC Tank Technology also handles tank testing for a large number of realtors and property managers throughout Westchester County and the North East. References available upon request. Free price quotes for your job scope. One price for testing includes everything for the test, no hidden fees or extras when the technician gets on site. Very fast , very reliable service. wcctank.com ... more
0 votes 6 answers Share Flag
Atxaviermar…, Real Estate Pro in New York, NY
Mon Aug 22, 2016
Atxaviermartin answered:
It is very hard to buy a house with a bad credit, because, lenders don't get trust on the borrower. If you contact with a loan consultancy (VALoansFinance.com), you have a big chance to buy a house with bad credit score. ... more
0 votes 1 answer Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Fri Jul 22, 2016
Christopher Pagli answered:
It is included in the monthly maintenance because you are paying your pro-rata share of the buildings overall property taxes.

Chris
0 votes 2 answers Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Fri Jul 22, 2016
Christopher Pagli answered:
Hi, Here is a link to a blog post I wrote a while ago about the process.

http://mrwestchester.blogspot.com/2014/02/steps-to-purchasing-coop-in-westchester.html

Coops are strict with financial and typically require a minimum down payment of 10%, very rarely 5%. Plus, they want to see you have at least 6 months to a year of reserves in the bank AFTER paying 3% closing costs. It doesn't sound like you will qualify for a coop.

Since you are a first time homebuyer, look into a SONYMA loan which allows for a 3% down payment and you can finance your closing costs. if you need a mortgage broker referral please feel free to reach out.

Chris
... more
0 votes 2 answers Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Fri Jul 22, 2016
Christopher Pagli answered:
They are not. Here is the lookup tool for future reference. https://entp.hud.gov/idapp/html/condlook.cfm

Chris
0 votes 1 answer Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Fri Jul 22, 2016
Christopher Pagli answered:
Hi, The best way is to have an agent put together a comparative market analysis. This includes visual inspecting the home. No online app or website can accurately value a home without seeing it and having all of the facts. they typically use past sales and that is it. I would be happy to give you a general idea based on specific info and the past sales, no strings attached.

Chris
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0 votes 1 answer Share Flag
Melissa Cola…, Real Estate Pro in Irvington, NY
Mon May 9, 2016
Melissa Colabella answered:
HI Lampert744,

I can assist you with this. There are several different train stations you can access. Please contact me to discuss what you're looking for and I can direct you.

Melissa Colabella
Licensed Real Estate Salesperson, NY
914-438-0139
Melissa.Colabella@juliabfee.com
www.melissacolabellahomes.com
... more
0 votes 1 answer Share Flag
Bnqmnchjns, Home Buyer in Yonkers, NY
Wed Apr 20, 2016
Bnqmnchjns answered:
lucy......10703 is not ghetto...10701 is though......10705 is not ghetto either.......The problem with Yonkers is every other municipality in Westchester sends it's welfare, ghetto, no wanna work hood rat trash to0 Yonkers ... more
0 votes 12 answers Share Flag
Spencer, Home Buyer in Poughkeepsie, NY
Sun Feb 14, 2016
Spencer answered:
Have you considered 480 Riverdale Ave?
0 votes 11 answers Share Flag
Sally Grenier, Real Estate Pro in Boulder, CO
Thu Jan 28, 2016
Sally Grenier answered:
Hard to say. There are so many variables in making an offer, and it's not always just about price. This is why you need to hire a Realtor as a Buyer's Agent. Nobody here knows what the market is like in your area, or how that house compares to other recent sold comps, etc.

A buyer's agent will be able to do a full market analysis to see how that home compares to others that have recently sold. It's possible that you're in a seller's market and homes are selling quickly, at full price or higher with multiple offers! Or on the other hand, maybe you're in a buyer's market and homes are sitting on the market for months, and end up selling at only 90-95% of list price. Who knows? We don't, but your agent will.

And there's more to an offer than just the price. There are many other terms of the contract that can be negotiated. Do you want the seller to pay your closing costs? Who pays for title insurance? When is your inspection deadline? Loan commitment deadline? Appraisal deadline?

Buying a home is a complicated process. You need a pro guiding the way.

Good luck!
... more
0 votes 1 answer Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Fri Jan 8, 2016
Kathy Burgreen answered:
My condolences for your loss. As for the co-op you have 2 options. One is you can pay for an appraisal. Just verify the appraiser lives or is knowledgeable with the area where the co-op is located and the appraiser has full access to the local MLS.
Your 2nd choice is to have 3 realtors from different brokerages and have them give a free CMA (Cumulative Market Analysis).
Beware, realtors are salespeople and they are only interested in getting a listing. However, they know sellers need to interview several realtors before signing any listing contract so this will be your excuse to get the free CMA. You have every right to tell these realtors "I am not ready to sign any broker agreements because I have an appointment (state date & time) with another realtor and I want to interview everybody before I commit to listing my co-op." The realtor will ask for the names of the other realtors. If asked this question, say "the names are none of your business and I will call you when I make a decision." At this point, say "Thank you" and show them the door. Before they leave, make sure you get to keep the sold & active listings. Don't let the realtors tell you the listings belong to them.

Once you have the CMA and/or appraisal, you will have a clear idea how much your late grandmother's co-op is worth.

I'm a retired realtor which is why I suggested the above method to get a free CMA. P.S. NEVER tell the realtors you are not hiring them or you just want the CMA. Realtors will not give you a free CMA unless they feel you will list with them. So make them feel you are interested BUT you want to see other realtors before signing. As long as you don't sign anything, you are in the clear. After you are finished interviewing, please call them back and explain you decided not to sell at this time and it was a family decision. You do not need to explain why or anything else. If they pressure you, tell them you will report them to their broker.
... more
1 vote 1 answer Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Tue Dec 29, 2015
Scott Godzyk answered:
There is no link or address, you should go back to the ad you saw, click on the agents name and contact them direct, they may not see your post here in q and a
0 votes 1 answer Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Sun Dec 27, 2015
Kathy Burgreen answered:
Ignore the replies from Larry & Scott who have no clue what it's like to work as realtors in the NYC area. The truth is there are about 10,000 realtors in Westchester County and almost 70% of them work below I-287. That said, the realtor you work with may or may not know the broker depending how long they are in the business and whether the other realtor is new or not. So yes, they can be complete strangers. If you are looking for a home in Yonkers, interview several realtors and ask lots of questions. You will need to be pre approved by a lender unless you are paying 100% cash. Depending on your budget and what you are qualified to buy, you may find some realtors treat buyers differently. Example: if you are qualified for homes above $500,000., you just need 1 realtor as they will treat you better because their commission is higher. Under $500,000., you may need to work with several realtors as they will be nice upfront then ignore you slowly over time, because your budget is not high enough for them. ... more
0 votes 3 answers Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Wed Dec 2, 2015
Christopher Pagli answered:
Hi, I recommend having this conversation upfront with any agent you work with. Many agents cover multiple areas and counties and can still assist you. If you are looking within the same county most agents won't agree to work with you if there are multiple agents in the picture.

Christopher Pagli
Accredited Buyer Representative
William Raveis Legends Realty Group
Tarrytown, NY
... more
0 votes 4 answers Share Flag
 Wkasolitario, Real Estate Pro in New York, NY
Fri Oct 16, 2015
Wkasolitario asked:
Trevor Curran, Real Estate Pro in Great Neck, NY
Sat Oct 10, 2015
Trevor Curran answered:
Good morning Cwford8,

Seller's concession are indeed common. Bottom line advice: finding the right real estate agent is hard work. One of your key deciding factors to screen out unacceptable agents should be this very question: Seller's concessions. Remember, the agent doesn't work for YOU; the agent works for the SELLER. So you are free to interview multiple agents until you find the right agent who understands not only your financing requirements, but has experience closing purchase transactions with similar financing options...and that includes knowing how to convince a Seller or their agent to accept your transaction with a Seller's concession.

Hope that helps!
Trevor Curran
NMLS #40140
... more
0 votes 5 answers Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Sat Jul 18, 2015
Christopher Pagli answered:
Maintenance is typically calculated by the amount of shares the shareholder has. Since you don't own the property and own shares in the corporation you pay your pro rata share of the buildings overall property taxes, master insurance policy, and care for the grounds. You will also most likely qualify for the STAR reduction which will vary from coop to coop.

Christopher Pagli
Accredited Buyer Representative
William Raveis Legends Realty Group
914.406.9023
chris@legendsrealtygroup.net
... more
0 votes 3 answers Share Flag
Dalilah, Renter in Bronx, NY
Thu Apr 30, 2015
Dalilah asked:
Has anyone purchased in yonkers using Down Payment Assistance Loan? Please share.
0 votes 0 Answers Share Flag
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