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Home Buying in 10014 : Real Estate Advice

  • All52
  • Local Info4
  • Home Buying15
  • Home Selling4
  • Market Conditions3

Activity 1,351
Mon Dec 9, 2013
Mitchell Hall answered:
No, The seller pays their attorney and the buyer pays their attorney. However, often if you purchase from a sponsor "un sold" shares in a coop. The sponsor usually includes in the offering plan or prospectus that buyer pays sponsor's attorney fee and transfer tax.

Everything in real estate is negotiable. A buyer's agent will know what to negotiate on your behalf.


Mitchell Hall
Senior Associate Broker
The Corcoran Group
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0 votes 6 answers Share Flag
Mon Mar 18, 2013
Christopher Pagli answered:
No, each party pays for their own attorney unless you mutually agree to do otherwise.
0 votes 7 answers Share Flag
Tue Mar 26, 2013
Anna M Brocco answered:
Yes, as a buyer it is highly recommended that you hire an attorney of your own....
0 votes 12 answers Share Flag
Mon Mar 4, 2013
The listing agent is legally obligated to present all offers to the sellers until contracts are fully executed, signed by both you and the sellers. It's not typical for something like that to happen but it is definitely possible. If the offer was not higher than yours and it was accepted then there would be an ethical issue. ... more
0 votes 16 answers Share Flag
Mon Feb 25, 2013
Antony Paul answered:
I can definitely help in this matter, as I have helped many other internationals set up residential and commercial property business investments in America. I have an experienced attorney in this matter who will be able to help properly form your company as an international investor. In addition, my firm and I will be able to help you acquire a warehouse and apartment as specified. My expertise would suit well to make sure your company and youself as a principle are properly set up to maximize efficiency and tax benefits offered for a US company, as well as respective property. Let me know if you would like to set-up a conerfernce call to discuss the matter futher. I look forward to hearing from you. ... more
0 votes 3 answers Share Flag
Sat Mar 2, 2013
Klara Madlin answered:
A condop is a coop with condo rules. Easy purchase and sublet rules unlike a coop, however, the you own shares and taxes are included in the maintenance
0 votes 14 answers Share Flag
Sat Feb 23, 2013
Debra (Debbie) Rose answered:
You left off big pieces of the puzzle ---- your debt and credit scores!

However, with an income of $61,000....assuming no debt (and that's a big assumption),and acceptable credit scores, it seems unlikely you would be approved for a loan as large as $360,000.

You really should speak with a mortgage rep so you know for sure how much you can borrow.

Best wishes..........
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0 votes 15 answers Share Flag
Thu Feb 21, 2013
Elena Ravich, Esq. answered:
financials are usually provided at the time of the offer by the seller's agent and should be examined by your accountant and attorney - they are not public information. You can find out about assessments and planned repairs from either your own broker, seller's broker or the building management company directly. Only someone who is working very closely with this building and has in-depth knowledge of its financials and approved budget would be able to answer these specific questions. ... more
0 votes 3 answers Share Flag
Tue Feb 19, 2013
Nick Rafello answered:
Your credit is always run. Even if you were to pay all cash, the mgmt company will run your credit before you meet the coop board.
0 votes 8 answers Share Flag
Sat Feb 16, 2013
Yul Park answered:

Please contact Jason Han. His contact info is below. I have referred every client I've had and he was able to answer all there questions. Please tell him Yul Park referred you. Thanks.

Jason Han
Chase Mortgage Banker

Cell: 516-459-7826
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0 votes 3 answers Share Flag
Tue Feb 12, 2013
Michael Richman answered:

Whenever you change the terms of your of your mortgage, you are affecting other lienholders. When a change in your mortgage terms has negative effects on another lienholder, that lienholder moves ahead of your lender in terms of their legal rights, This is not acceptable to your lender, Therefore, the lender requires title insurance guarantying them there are no lienholders ahead of them.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Suite 1501
New York, NY 10123
212-757-8268 x220
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0 votes 1 answer Share Flag
Tue Feb 12, 2013
Dee rivera asked:
im in 236th st in the bronx in riverdale would like to stay as close as possible to this area. and my credit is not great... let me know asap
0 votes 0 Answers Share Flag
Tue Feb 12, 2013
Jenet Levy answered:
Hi, Dee.
Rent with an option to buy is something that is occasionally done in very down markets. The NYC do-op and condo markets are very robust. As a result, sales are happening at a fast pace and inventory is low. There is, therefore, no need for sellers to do rent with an option to buy. They are able to get buyers and, in many cases, bidding wars. My suggestion would be to save until you have a good-sized downpayment and some liquid assets for after closing and then you will be in a good position to purchase. ... more
0 votes 2 answers Share Flag
Sun Feb 17, 2013
Jenet Levy answered:
That's a great question, but not one that we as licensed agents are able to answer. Demographics of a neighborhood is not something we can comment on for legal reasons. I'm sure though that a google search or two will help you find which neighborhoods have the highest concentration of single people. Perhaps even census reports as a starting point.

Jenet Levy
Halstead Property, LLC
(212) 381-4268
... more
0 votes 6 answers Share Flag
Tue Feb 12, 2013
John Peitler answered:
Yes. I am also from Ireland. Please contact me. My name is John and I can be reached at 718-490-4532 for assistance. Thank you and good luck.
0 votes 6 answers Share Flag
Mon Feb 11, 2013
Jenet Levy answered:
It is unclear what you are asking without additional information.
0 votes 3 answers Share Flag
Tue Feb 12, 2013
Tom Dawson answered:
Matt, I moved to Manhattan from the LA area abount 2 1/2 years ago. If you've been in LA for 10 years, you know that in the mid 90's, everyone said LA prices couldn't fall. Well, they sure did! No one has a crystal ball for any area. And anyone who cliams to be able to predict the future is doing you a disservice. Right now, demand is high and supply is low at just about every price point.
Something that has kept Manhattan prices from dropping like LA did is the fact that most sales here are co ops. They typically require a much higher down payment than people are used to in LA. It is not unusual to have to pay 50% down and be able to show huge reserves so the board knows you can pay maintenance and mortgage payments.
All I can say is run from the RE agent who tells you prices can't fall. They can, inflation or not!
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0 votes 4 answers Share Flag
Mon Feb 11, 2013
Brad Malow answered:
Brad Malow, Real Estate Pro in New York, NY
Hey RJ,

Take a look at to get more specific with your search. We will also need to speak about more specific financial qualifications - which are covered on that site as well. Click on the Property Search for all details. Let me know if you have any questions.

Brad Malow
212-688-1000, xt. 455
Web Reference:
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0 votes 10 answers Share Flag
Wed Feb 13, 2013
Nicolas Puygrenier answered:
Hello Dara,

Why don't you send me an email?


Nicolas Puygrenier ǀ Licensed Real Estate Broker
Mona Lisa Real Estate Group LLC
419 Lafayette Street, New York, NY 10003
Telephone: 917 499 1917
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0 votes 17 answers Share Flag
Sat Feb 9, 2013
Unless the Loan is a State Sponsored program, i.e. California Housing Finance Association, that can only be used for a property in that state, than the answer is yes. Feel free to call for a more specific answer. ... more
0 votes 9 answers Share Flag
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