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New Year All Locations : Nationwide Real Estate Advice

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  • Home Buying259K
  • Home Selling43K
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Showing results for New Year [Clear search]
Sun Jul 21, 2013
Krystyna Rachtan answered:
Hello Adina,

The prevalent form of property ownership in Manhattan is an apartment in a cooperative (co-op) corporation, commonly referred to as a co-op. A cooperative (co-op) is a type of corporate ownership of property, in which the stockholders (shareholders) are entitled, by reason of a proprietary lease, to the exclusive use of a certain dwelling unit of space. The value of the unit is based on the number of shares allocated to that space, along with location of the building and services offered. The larger the apartment, the more shares you own. The cooperative corporation is operated by a Board of Directors, elected by the shareholders at their annual meeting. The Board sets monthly maintenance fees, and makes other policy decisions for the property. All prospective purchasers and renters must be approved by the co-op Board of Directors. The co-op Board approval process is often time consuming and rigorous - requiring extensive information regarding finances, employment, and personal background. Many co-op boards limit the amount of the purchase price that can be financed and require higher down payments than are usually required for condominiums. It can be harder to sublet a co-op. Each co-op has its own rules, but many limit or forbid subletting.

Cooperative = the building is owned by a corporation and operated for the benefit of persons living in the building. Shares in the corporation are allocated per apartment and the owners of those shares, called proprietary lessees, may live in the apartment for which shares are allocated.

The next most common form of home ownership in Manhattan is a condominium (condo) unit. A condominium is real property just like a free standing house. It is ownership of an individual property in a multi-unit structure, along with joint ownership of common elements such as hallways, stairs, recreations areas, etc. Condominium owners elect a Board of Managers. The Board of Managers sets the by-laws of the condominium, determines the cost of operation the building and sets the monthly maintenance expense called common charges. Unlike a co-op, a condominium apartment is "real" property. A buyer receives a deed just as though he or she were buying a house. Each individual apartment in a condominium receives its own tax bill. Taxes for condominium units are paid directly to the city and state, twice a year by the individual unit owner.There is still a monthly common charge similar to the maintenance charges in a co-operative. These charges don't include your real estate taxes and are not tax-deductible. They also tend to be lower than in co-ops because there is no underlying mortgage for a condominium building. The straightforward nature of buying a condo coupled with the fact, that in some cases, you can finance up to 90% of the purchase price and sublet them at will, makes condominiums the number one choice for flexibility.

Condominium= units are individually owned; common areas (lobby, elevators, hallways, facilities, etc) are owned jointly with the other condominium unit owners.

Krystyna Rachtan, CNE
Licensed Real Estate Broker
NEW YORK HOME RE
(212) 991-8072
nyhome.re@gmail.com
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Sat Apr 13, 2013
Dan Tabit answered:
Tabitha,
Did your landlord seek a new tenant right away? Something doesn't sound right about your situation. You may want to speak to the Tenant Union of Washington; I've linked to them below or seek an attorney’s advice. ... more
0 votes 1 answer Share Flag
Sun Sep 8, 2013
David Pautler answered:
At this price it is a nice buy however have not been in it yet.

The home is still on the market it is a short sale. The P.O.A. Property Owners Association annual Fee is only $975.00. What are you looking for in a community in Bluffton ?

If you are looking for info on POA Fee's in Bluffton please visit my page on my site.

http://www.blufftonhomesinfo.com/Homes_for_Sale_by_Community/page_2543600.html

If I can answer any questions feel free to e-mail with your questions and enjoy view my site about Bluffton http://www.blufftonhomesinfo.com/
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0 votes 6 answers Share Flag
Tue Jun 18, 2013
Andy Matejka answered:
Do you have continuous employment?

Banks won't approve you for a mortgage without proving stability of employment and income.
0 votes 11 answers Share Flag
Tue Jul 9, 2013
Team Kirkpatrick answered:
I'm your guy... I've sold homes for 15 years in Frisco, I live in West Frisco, and I own over 150 Rental properties, call me if you would like to talk. 972-365-1361. Tad
0 votes 14 answers Share Flag
Wed May 8, 2013
Persis Behramsha answered:
Hi Annie, please send me your email address, so I can search for apartments and send you a list. Just to let you know it gets s bit difficult to get good 3 bedroom apartments for $900, but I can check and let.you know what is available.
Persis
Persis.realtor@gmail.com
713-294-7747
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0 votes 16 answers Share Flag
Fri Aug 2, 2013
Hector Gastelum answered:
Of course they do, First time buyers have a good chance if they have the right REALTOR and said REALTOR having the right offer and relationship. A serious buyer has to have all its ducks in a row:
-Letter of approval from the lender
-Proof of funds
-DU Results, Credit Report

Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
hectorgastelum@yahoo.com
619-954-2225
efax 619-270-2516
... more
0 votes 19 answers Share Flag
Mon Apr 22, 2013
Christopher Blouch answered:
Hi Dean,
If you email me (CBlouch@kw.com), I can email you all available homes that meet your criteria tonight. I'd be happy to help & I live in that area!
Thank you,
Christopher Blouch
Keller Williams Real Estate
www.chrisblouch.yourkwagent.com
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0 votes 10 answers Share Flag
Sun Jun 9, 2013
Vincent Paige, P.A . answered:
Look at this chart, it will tell you when.

Typically 3 years on foreclosure, 2 years on a short sale...

http://www.trulia.com/blog/vincentpaige/2013/01/how_long_must_i_wait_after_a_short_sale_or_foreclosure


Vincent Paige |REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vpaige1@yahoo.com
www.thepremiumproperties.com
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0 votes 5 answers Share Flag
Sat Apr 13, 2013
Sharon Home Team answered:
Livingston is a great town. Some homes require flood insurance but most don't. It has a great downtown with lots of stores, restaurants, little boutiques and an easy commute to NYC.
The schools are highly ranked and there are parks, diverse population and close proximity to rt. 10 and rt. 280.

If this town interest you you can visit their website to find out more information about all it offers.

It would be our team's pleasure to assist you in locating a great home in Livingston or other nice towns in the area.

Good luck!

Karen Abramson
Keller Williams suburban realty
917-294-0356
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0 votes 5 answers Share Flag
Tue Apr 23, 2013
Georgina Dalton answered:
How much I could afford, duhhh. LOL

All kidding aside, I would start by hiring a professional I have researched and met to establish a directed working relationship with. Buyer's have a right to be picky and deserve only the quality of professional they seek out. If you found your agent simply because they had a pulse and a key to the front door, then you get what you asked for.

Make sure you are asking your agent "what are you going to do for me if I make the commitment to hire you"? Most will not have a well thought out answer, because the average buyer does not know what to ask or what they deserve. Kind of like, you would not know to order a filet mignon if you only had hamburger.

Location, Environment, Lifestyle, Commute, Size, Features... these are all things that the buyer can figure out based on what they want. All of these items change periodically and can explain why you no longer want a house. But to protect yourself legally and elevate your experience at no additional money, hire an extraordinary Realtor.

http://www.trulia.com/profile/GeorginaDalton/#__rec see what others are saying about me.
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0 votes 9 answers Share Flag
Mon Apr 15, 2013
Charles Bagley answered:
The simple answer is maybe. The only way to know is to contact a competent loan officer.
0 votes 7 answers Share Flag
Mon Apr 15, 2013
Ron Thomas answered:
I prefer an older neighborhood, with mature trees.
But this isn't about me!
0 votes 8 answers Share Flag
Wed Apr 24, 2013
Javier Meneses answered:
Well the grants that are available for first time homebuyers, are for those who are purchasing a primary residence. If you're looking to purchase an investment property, no grants are available for you, even if you are a first time homebuyer.

If you are purchasing your own home and you'll be living in, what you can also do is buy a 1-4 family house where you can occupy one of the units and rent the others. Please feel free to contact me and I can send you the grants that are available to you, which by the way, can vary by the townships or counties you're looking to buy in.

I also want to advise that you should meet with a Loan Officer who is experienced with some of the grants out there. I'm always available to meet in one of our Queens offices to pre-approve you and discuss your options. Good luck!

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648
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0 votes 4 answers Share Flag
Fri Apr 12, 2013
Rich Moen answered:
You are correct. It also appears there was some other baggage to get cleaned up.
Not unusual for it to take a tear to 18 months before it comes on the market.
If you would like to provide me your email I will let you know the moment it comes up for sale.

Rich Moen
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0 votes 2 answers Share Flag
Wed May 18, 2016
Richard Shapiro answered:
Sat Apr 13, 2013
min answered:
Trulia said that is a public record, Which record? Records from 30 Years? The public data said clearly that for example " 56 Bentwood east court Albany NY 12203 " who was purchase January 2012, price $525,000, taxes record indicate $18,000. Home value $778,000. Those are recorded facts that can be verified and not your "own prefabricated data's." I am sorry but during our search to look eventual property's to buy, we were confused.
Trulia said one thing and reality is quite different.
I would pretty much prefer to read reals facts .
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0 votes 9 answers Share Flag
Mon Apr 15, 2013
Tim Moore answered:
The reason things are put into writing is to avoid he said, she said confusion. You have confusion because nothing is in writing spelling it all out. If you had a lease the new owner would have to honor it until it expired. I think you will have to go. ... more
0 votes 5 answers Share Flag
Sat Apr 13, 2013
William Moffitt answered:
Good day,

It is a great time to buy Real Estate, with interest rates as low as they are! however home prices are moving up fast. if you see something that really looks to good to be true, It usually is. This home is listed as a Short Sale with Sinkhole activity. that community also has CDD fees that's why the taxes look as high as they do. Some of the Gated communities have CDD fees(community development) with are added to you taxes every year as this home does. also, this being a short sale, they will most likely not be an accepted price by the lender as a sale price. With sinkhole activity, you will not get financing or home owners insurance if it not repaired or repaired correctly. If you would like a web site to search that will show you the homes currently on the market here, please feel free to give me a call. This site updates every half hour, and will send you price changes and new listings every morning. I do look forward to helping you find your new home.

Thanks,

Bill Moffitt, Keller Williams Realty
352-688-6500 office
516-449-6786 cell
... more
0 votes 4 answers Share Flag
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