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11217 : Real Estate Advice

  • All32
  • Local Info0
  • Home Buying21
  • Home Selling2
  • Market Conditions0

Activity 2,582
Fri Sep 29, 2017
Javier Meneses answered:
Sat May 4, 2013
Gail Gladstone answered:
I rented until 1995 when I purchased my first home (I am 67). To me, it is like a bank account.

When I rented, I paid the landlord's mortgage. Now I pay my own and will be reimbursed when I sell.
When I rented, I had to vacate over and over as each landlord either sold their property or had family they wanted to put into it. No one can make me move out of my own home until I am ready.

Crag, do not allow society to tell you what and how...it is your life and it is up to you to decide what is right for you. I tried both and am happier being a home owner.

Best of luck in whatever you decide.
... more
0 votes 6 answers Share Flag
Mon Jul 15, 2013
Josh Barnett answered:
Questions that will make more agents answer your ad:
1. I am buying a max value of $ _____________ . ___ in each of the units I am purchasing.
2. I am paying with 1) Cash or 2) 25% down payments or 3) I do not know.
3. I already own __________ number of units and I want to add ________ number of units this year.

These questions will get you more responses.

Best of Luck
... more
0 votes 10 answers Share Flag
Tue Apr 16, 2013
Mitchell Feldman answered:
Dear Angela:

First off, you should speak to a mortgage banker or broker to get the specific answers to these questions based on your current credit situation and your personal qualifications. In my experience as a real estate agent, I would dare to say that the forbearance would have a more detrimental effect to your credit. Either way it will be hard for you to get a mortgage within a years time. With a forbearance you may have to wait as long as 7 years and with a modification you will have to wait 2 at least 2 years.

If I can be of further assistance, please contact me direct. Also, if the property you currently own is in Brooklyn and you do want to sell it, please contact me, I can prepare a comparative market analysis for you and help you to figure out how much your home is worth and how to go about selling it for top dollar. I have been selling homes in Brooklyn since 1993 and I would love the opportunity to help you.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
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0 votes 1 answer Share Flag
Sun Apr 21, 2013
Anna M Brocco answered:
Consider working with an agent; or check local print media for by owner rentals, always verify ownership before exchanging any money, word of mouth, etc.
0 votes 9 answers Share Flag
Mon Apr 15, 2013
Anna M Brocco answered:
Contact the agent's broker owner and or office manager and express your concerns; you can also contact the Local Board of Realtors, you can also contact the NYS Division of Licensing...
0 votes 2 answers Share Flag
Wed Apr 17, 2013
Alison Hillman answered:
Hi Sammy,

I would recommend working with an agent: http://www.trulia.com/voices/directory/Prospect_Lefferts_Gardens-agent--85332

Ali, Community Manager
0 votes 4 answers Share Flag
Tue Apr 16, 2013
Anna M Brocco answered:
Perhaps your question was cut off, what information are you looking for...
0 votes 3 answers Share Flag
Mon Apr 15, 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) do 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 1 answer Share Flag
Mon Apr 15, 2013
Kathryn Lilly answered:
Hello;
I have just listed two apartments on Glenwood Road, a short skip to Brooklyn College, the Target Mall, the 2 & 5 express stop etc.
They are both large; one is a 1BR + dining room/study, large living room with exclusive use of large garden $1,600
The second is a large 2BR also $1,600
I have keys and they are ready to go now.
Call me.
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-614-5542
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0 votes 2 answers Share Flag
Sun Jan 5, 2014
Al Magrella answered:
I would be willing to work with you as a buyer's agent in Brooklyn. I also work in Nassau, Western Suffolk, and all NYC except SI. If you know people that need help you can contact me.

Al
631 682 6853
al@petellafinancial.com
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0 votes 7 answers Share Flag
Wed Jan 15, 2014
Kathryn Lilly answered:
Short term leases (Anything less than 12 months) are typically sub-lets in the neighborhoods that you mentioned, except the occasional corporate rental in Park Slope & Williamsburg, but they tend to be on the high budget end of the market.
Your best bet is to look on sites like AirBnB or cautiously on Craigslist for short term furnished rentals.
Feel free to call if you need further suggestions.
Yours,
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
... more
0 votes 3 answers Share Flag
Sun Jan 5, 2014
John Jourden answered:
Hello Mary

You really have to discuss your situation with a mortgage professional. I have an excellent network from all of the major banks, as well as several private equity firms.

Please do not hesitate to contact me directly at john.jourden@spiregroupny.com if you would like to discuss further.

Best of luck to you!

John Jourden
The Spire Group
Licensed RE Salesperson
646-841-4164
john.jourden@spiregroupny.com
Trulia.com/profile/johnjourden
Zillow.com/profile/john-jourden
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0 votes 8 answers Share Flag
Fri Apr 26, 2013
Madeline Padovano answered:
Hi Susan
I'm your new agent. Need a little more information in order to do some research for you.
So send me your direct email and we can talk.
madelinepadovano@fillmore.com
0 votes 9 answers Share Flag
Sat Apr 13, 2013
Anthony Holder answered:
I have one on east 32nd between Cortelyou and Clarendon gut renovated 4 bed over 3 bed 2 Familly for $575 are you looking for a fixer upper?
0 votes 4 answers Share Flag
Mon Apr 15, 2013
Alison Hillman answered:
Hi there-

I'd recommend checking out some of the open listings available on Trulia: http://www.trulia.com/for_rent/Brooklyn,NY/

Ali, Community Manager
0 votes 1 answer Share Flag
Tue Aug 20, 2013
Alison Hillman answered:
Hi there-

You can get started with your search here on Trulia: http://www.trulia.com/for_rent/NY/Brooklyn,5090,East_New_York/

Ali, Community Manager
0 votes 1 answer Share Flag
Tue Aug 6, 2013
Abu Musa answered:
You may visit www.homefacts.com . Also you may talk to the local police station.
0 votes 3 answers Share Flag
Thu Jul 18, 2013
Anna M Brocco answered:
Consider working with an agent; or check local print media for by owner rentals, always verify ownership before exchanging any money, word of mouth, etc.
0 votes 2 answers Share Flag
Sun Oct 6, 2013
Mitchell Feldman answered:
Dear Valentino:
I cannot say this with 100% certainty but I theorize based on looking at it that someone had purchased the property back in 2009 for $530,000 (which was a time when prices were still very high and the banks were lending money to just about everyone regardless of their ability to pay the mortgage).

Many people who purchased back then took adjustable mortgages with plans on refinancing when the interest rates would go up. The only problem is that several years later when the rates went up and the homeowner tried to refinance into a fixed mortgage... the banking industry had changed so much and was not lending money as easily as it used to. Homeowners then found that they could not refinance their loan and found themselves stuck in a situation where they could no longer afford to pay their mortgage. In addition to that, when home prices fell, quite often the debt owed on the property became more than the value of the property. Hence the homeowners were left with not much of an incentive to continue paying their mortgage.

In most cases where this happened, the home will either get foreclosed on or sold as a short sale. Either way, the house typically is sold real cheap because the bank wants to get rid of the property and just write it off as a loss. I think this is what happened here because the next sale in 2012 was for $251,000. Also, in this type of situation the house is usually purchased by an investor who's goal is to then sell the house and make a profit. Sometimes they may also do some fixing up of the property to ad value, but ultimately they are looking to sell the house and make money. hence, this is why we then see the third sale for $410,000 in 2013.

Again, this is all theory and I cannot say for sure this is what happened here, but when you look at the prices and the dates, if I were a betting man, this is what I think most likely took place with this property. If you want to discuss this further or need help buying or selling a home in Brooklyn, please contact me direct.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 3 answers Share Flag
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