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10075 : Real Estate Advice

  • All8
  • Local Info0
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 2,790
Mon Feb 18, 2013
George Stroud answered:
I really suggest you interview different title companies and ask them these questions:

1) Do you work with assignments of contract? Does the assignor need to be present at closing?

2) Can you do double closings if they are necessary? If so, can one title search be used for the whole process? (it will reduce your expenses)

3) Do you do “dry” closings? (a dry closing is where you don’t actually have the funds to purchase the property, but will be provided the funds by another source the same business day, usually from a 2nd closing)

4) Do you provide lists of NODs, probates, and absentee owners?

5) Will you be willing to provide a discount on volume title searches if all closings take place through them? (typical investor discount is 25%)

6) Can you provide any investor references?
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0 votes 1 answer Share Flag
Tue Feb 19, 2013
Phil Rotondo answered:
Consult with a local Realtor
0 votes 2 answers Share Flag
Fri Mar 1, 2013
George Stroud answered:
If you're going to be flipping/wholesaling houses, REOs may have a stipulation that you can't sell or assign the property within a certain time frame -- sometimes 30 to 90 days. I have yet to come across an auction that places that burden on the buyer.

I"ve also heard of some instances where the banks try to limit the amount you can resell the property for.
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0 votes 4 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
Mon Jul 1, 2013
Anna M Brocco answered:
Wed Apr 22, 2015
Josh Barnett answered:
Are you new to Real Estate in:
1. Seller?
2. Buyer?
3. A new Realtor?
4. Person needing to rent their home?
5. etc....
0 votes 7 answers Share Flag
Sat Feb 16, 2013
Yul Park answered:
Hello,

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
Email: Jason.han@chase.com
Website: http://homeloan.chase.com/jason.han
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0 votes 3 answers Share Flag
Fri Mar 22, 2013
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
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0 votes 12 answers Share Flag
Tue Feb 19, 2013
Nick Agostinelli answered:
Mohtashim,
You can get financing there are certain lenders you will need to work with, but you will also need a down payment as well. Depending on the lender, that will require the down payment. If you have any questions please don't hesitate to contact me at nagostinelli@elegran.com

Thanks
Nick A. Agostinelli
Elegran Real Estate & Development
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0 votes 8 answers Share Flag
Fri Feb 15, 2013
Jenet Levy answered:
For information on RealtyTrac properties, you have to subscribe to them. They used to offer a free trial, not sure if they still do. If they do, be careful as they charged me for many months after I cancelled and I had to appeal it to my credit card company. ... more
0 votes 1 answer Share Flag
Mon Oct 20, 2014
John Peitler answered:
please contact me. My name is Padmini and I can be reached at 347-903-6736. Thank you and good luck.
0 votes 2 answers Share Flag
Thu Feb 21, 2013
Elena Ravich, Esq. answered:
You can rent homes there to Columbia students. Would be glad to check the rents for you
Elena Ravich
Rakita Realty
646 593 7207
elena@rakitarealty.com
0 votes 4 answers Share Flag
Tue Feb 12, 2013
Michael Richman answered:
Hi,

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
917-991-2528
mrichman@kianrealtynyc.com
www.kianrealtynyc.com
... more
0 votes 1 answer Share Flag
Tue Feb 12, 2013
Joseph Baquiran answered:
Sorry, but the lowest you can find in Manhattan(Inwood, Washington Heights, Harlem) is around $1250 for studio. Income requirement is 40X the rent.
0 votes 9 answers 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:
John,
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.


Best,
Jenet Levy
Halstead Property, LLC
(212) 381-4268
jlevy@halstead.com
http://jenetlevy.halstead.com
... more
0 votes 6 answers Share Flag
Mon Feb 18, 2013
Mitchell Hall answered:
Here are a few suggestions to make your home a more eco-friendly environment.

Take off your shoes when you get home! Did you know that 80% of indoor air pollutants are tracked in off the streets?

When painting, only use low or zero voc (volatile organic compound) paints. If you can smell it, it is toxic.

Only use cleaning products made from safe, natural and non-toxic ingredients.

Buy local, seasonal and organic. Visit http://www.cenyc.org to locate your nearest farmers market.

Swap out incandescent bulbs for warm tone CFL’s (try the 2700k or an LED alternative).

Refinish wood floors with low-voc urethane or water based floor finish.

Use low–voc caulk, sealant, and grout in bathrooms & kitchens.

If replacing floors, use cork, marmoleum, bamboo, FSC certified or reclaimed wood.

If replacing carpets, use natural, sustainable, recycled and/or long lasting fibers.

Consider kitchen countertops made from a variety of recycled materials.

Install low flow taps, showerheads and toilets.

Buy FSC-certified furniture or go vintage.

For more ways: http://nycblogestate.com/2011/10/living-green-at-home-in-manhattan.html

For more green Manhattan real estate:blogs: http://nycblogestate.com/p/green.html

Mitchell Hall, Associate Broker
The Corcoran Group
mhall@corcoran.com
347-921-4255
http://nycblogestate.com
... more
0 votes 3 answers Share Flag
Sat Feb 16, 2013
Mitchell Hall answered:
Many Manhattan Condo buyers are going green and are willing to pay more for green luxury living. LEED certified homes combine systems that together create a holistically green building that is much more than energy savings. Energy, indoor air quality, water consumption, sustainable sites, landscaped roofs all create an environmentally friendly building.

To receive LEED certificate a building has to earn 26 of 69 points on a scale created by the (LEED) Leadership in Energy and Environmental Design, the country's most popular green benchmark. Certification of silver, gold or platinum can happen up to a year after the building is completed. Green buildings are required to be 14 per cent more efficient than regular building codes dictate.

From Harlem to Battery Park City there are green buildings. Several new developments in Manhattan that have been LEED certified have sold at at higher price per square foot than non green new developments. The Harrison on the Upper West Side, The Brompton and Lucida on the Upper East Side, One Jackson Square in the Meatpacking district in the West Village and The Visionaire in Battery Park area just a few new green condos that have sold at premiums and so are their resales.

For more about Green condos in Manhattan:

http://nycblogestate.com/2011/09/green-manhattan-condos_24.html

http://nycblogestate.com/2008/04/green-condo-buildings-in-manhattan.html

If you are considering green luxury living in Manhattan please contact me.

Mitchell Hall, Associate Broker
The Corcoran Group
347-921-4255
mhall@corcoran.com
http://nycblogestate.com/p/green.html
... more
0 votes 3 answers Share Flag
Sun Mar 24, 2013
Mitchell Hall answered:
many buyers today will pay a premium for a "green home"

In 2008 the NY state legislature approved City tax credits for installing solar panels on homes and businesses - encouraging private property owners to join the growing movement toward the use of renewable power.

Another bill, that passed, allows those who generate renewable power to sell what is unused back to the system, an incentive for individuals and businesses to install technology like solar panels.


More about green real Estate: http://nycblogestate.com/p/green.html
... more
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