Contact the building's department regarding any permit issues, see link below; also acquire free estimates from local licensed contractors, then make your determination.
There are other factors involved that determine mortgage qualification, therefore for a personalized answer visit with any licensed loan officer. When it comes to co-ops, be aware that boards do have their own financial requirements that must be met in order to be approved and each building is different...... more
Unfortunately none of us can answer with accuracy, as none of us knows where the market will head tomorrow or down the road; therefore if you are ready to buy and need to buy, no reason not to consider the idea. For available area properties check out www.mlsli.com... more
A home is a place to hang your hat and enjoy. The way I look at it, if you rent.... the money you would be giving your landlord every month will do nothing for you come tax time. When you own, you can deduct a good portion of the interest and propety taxes year end against your income taxes.
Long term, I would think it is better to buy than rent.
Keep in mind that whatever amount the condo was purchased for, has no bearing on today's market value; therefore if you don't have an agent, consider the idea, as he/she can provide any necessary information...... more
Not at all, Astoria's housing prices went up. Many of them are Tax abated for a long period of time, I can assist you further - feel free to call me 917-705-3717
As a matter of fact they are all listed over $400K.
see the following:
1) Condo Rooms: 3
28-21 N 36th St
Astoria, NY 11103
2)Condo Rooms: 3
23-22 30th Rd
Astoria, NY 11102
3) Condo Rooms: 3
25-40 Shore Blvd
Astoria, NY 11102
For the most part when a Realtor places an add without the price, mls number or address it can be to encourage the buyer to call the agent for more details and you can start talking to them. But there are times when safety is important and some owners request the address not be given. I rarely advertise with the address in magazines or the news paper, but it is available here on the internet.... more
Keep in mind that your attorney and or loan officer can give you good faith closing estimates--much will depend on your loan/bank fees, attorney fees, appraisal fees, title insurance fees, insurance fees, recording fees, etc.... more
That's a big question...rules have changed. If you change the mortgage company, but keep the bank they are putting you with, you should not have to do a new appraisal.
If you have done an appraisal with the mortgage company and have not yet been approved by a bank...I am not happy with that. Appraisers are being assigned to the banks...you should not have an appraisal until you have a pre-approval (pre-commitment) from a certain bank. Mortgage brokers cannot pick an appraiser and have it done (to the best of my knowledge).
Please call your attorney and discuss this....or give me a call and we can talk about the details 631-425-6150 Gail Gladstone... more
Houses are pretty poor as investments go, with the market in decline, they're really bad investments now. The cost to buy and sell an apt are going to be nearly 10% of your total cost so you'll have to make more than that just to break even, with thing still going down, that's a large risk to take. Plus you'll have a smaller place, less room, no yard and responsible for any major repairs. Save your downpayment and buy a CD or something.... more