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Home Selling in 11233 : Real Estate Advice

  • All32
  • Local Info3
  • Home Buying8
  • Home Selling2
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Activity 155
Sun Oct 3, 2010
Gail Gladstone answered:
No, but you can call in a Realtor (or 3 is better) to provide you with a complimentary CMA. If you don't know any, I will be happy to make referrals for you.

Gail@GailGladstone.com ... more
0 votes 10 answers Share Flag
Fri Oct 15, 2010
Yitzchok Moeller answered:
first off i am sorry about for your loss.
please explain in detail what was in his estate
0 votes 19 answers Share Flag
Wed May 13, 2015
Jack Menashe answered:
How long has your apartment been listed?
Have you had a Comparative Market Analysis done before listing?
I can research list prices for you as well as selling prices if you like... Let me know if I can help.
Thank you.

Regards,
JM
... more
0 votes 20 answers Share Flag
Thu Oct 14, 2010
Anna M Brocco answered:
Your agent should pre-screen the potential buyer for proof of funds, however if for some reason due to privacy laws the potential buyer is not willing to share bank information with the agent(s), your attorney can acquire all required documentation. ... more
0 votes 44 answers Share Flag
Wed May 30, 2012
Rafael Normatov answered:
Hi Nora!
If you willing to sale your condo apartment, do not count brokers fee,, pay attantion who will do it, and how higher offer you will be have. Broker who wortkin for 2-3%, can not sale your property for best price. Call me for any question. Thank you Rafael Normatov. DOM Realty of NY 646-387-3044 ... more
0 votes 6 answers Share Flag
Tue Mar 1, 2011
Scott Miller answered:
Hi Janine. The improvements to a home that consistently get the highest returns are always going to be kitchens, baths and additions. These 3 improvements are jobs that new homeowners would rather not deal with once they've bought a home. You'll get high marks for neutral color cabinets in the kitchen, along with granite counter tops and stainless steel appliances. Additions add living space so they are always in demand.

Here's another source for you, too....Remodeling Magazine's Cost vs. Value:

http://www.remodeling.hw.net/2009/costvsvalue/national.aspx

GOOD LUCK!

Scott Miller, Realty Associates, Boca Raton, FL
... more
0 votes 16 answers Share Flag
Mon Aug 16, 2010
Annette Levinson answered:
Unless you are 62+, you will need to sell your current home. If you are over 62 you can use a reverse mortgage to purchase you new home. Reverse mortgages do not have monthly payments.
0 votes 8 answers Share Flag
Sun Aug 8, 2010
David Rogoff and Bonnie Chernin answered:
Dear Mary Anne,

The main reason is probably because co-ops are frequently harder to move than homes and they can languish on the market due to problems with strict board approval requirements. Sales of co-ops can be tedius and difficult, requiring more legwork and paperwork. There is always the uncertainty of transactions closing due to the added burden of board approval, which does not exist when it comes to selling homes and even condos. Since the majority of listings in Brooklyn are sold on the MLS and are co-brokered (meaning, the commission is split between two agents, one on the buyer's side and one on the listing side) the higher the commission rate the more incentive the buyer's agent has to show and sell the property. All things being equal, if there are 10 co-ops available, similar in location, price, size and amenities and the only difference is that one unit stands out as having a higher commision, that is the one that many agents will show first.

Please call us if you have any further questions.

Best regards,

David Rogoff & Bonnie Chernin
Fillmore Real Estate - Branch 19
917-593-4068 - David mobile
646-318-5031 -- Bonnie mobile
e-mail: davidrogoff@Fillmore.com
... more
0 votes 6 answers Share Flag
Sat Oct 2, 2010
Anna M Brocco answered:
Your attorney and or agent can best advice you as the costs relate to you--much will depend on--mortgage owed if any, transfer taxes, attorney fees, broker fees, etc.
0 votes 7 answers Share Flag
Tue Oct 19, 2010
Scott Godzyk answered:
If you pay half price, you get half of the services. you wouldnt go to a dicount doctor or a discount lawyer or a discount auto mechanic, so in real estate when you are selling your largest possession, why would you use a discount broker?

Commissions are negotiable with any broker, you can get a full service broker who performs full service and get a better commission rate from them these days. The full service broker should be able to get a better price in a quicker amount of time more than paying for their services.

More important is not what you pay but what you receive for it. Selling a home takes more than paying someone a fee to put it into MLS and wait for a buyer to come around. Guiding you through each step of the selling priocess and looking out for the seller in negotiations, disclosures, inspections and closing the deal are just as important.
... more
0 votes 52 answers Share Flag
Tue Jun 22, 2010
Sandra asked:
0 votes 0 Answers Share Flag
Tue Jul 1, 2014
Anna M Brocco answered:
You need to be aware of recently sold similar properties in the immediate area and know your current competition--after reviewing the data a determination as to a fair price can be determined. Any local agent can help you. ... more
0 votes 6 answers Share Flag
Sun May 23, 2010
Dan Chase answered:
Go through the books. Do you need doormen? (no) are the coop owners willing to do away with them? (maybe, maybe not)

Look at what the money is going towards. Some things can not be done without. Insurance, lighting the hallways, other things also. Some things can be removed as they are unneeded luxuries. Then at a meeting see if they are willing to cut back and make it more affordable. It is also possible that it is an old building needing a lot of things fixed and it will cost far to much money no matter what. If the roof needs repairs, the furnace needs replacing, the elevator is shot, the plumbing needs to be completely replaced and the wiring has to be completely replaced there may be no way to cut back on expensive maintenance costs.

Maybe they are spending less than they take in so in the future no special assessments will be needed. If so it hurts some now but a lot less later.
... more
0 votes 4 answers Share Flag
Sat Oct 2, 2010
Scott Godzyk answered:
You will have to ask your listing broker if they are registered here in Trulia, they can register for free and simply input your listing or they can add an automatic feed where it adds all their listings. If you are selling it yourseld, fsbos are not listed on Trulia. good luck with your sale. ... more
0 votes 7 answers Share Flag
Mon Mar 21, 2016
Piri answered:
You really dont,I think if you are willing to put some effort out. In NY, unlike other states where I have lived, the agents dont wrie the contract of sale, dont schedule inspections etc. Some dont even have access to the multiple list system. so it is baffling that they charge 6% for what again?????????? ... more
0 votes 23 answers Share Flag
Wed Apr 21, 2010
Dean Farry answered:
I'm not sure if you can, but people are very understanding, so detail your situation, contact your Realtor, and see if the other side is receptive, since their loan is slated to fund the day before closing, it gets sticky, and not to mention this probably will throw their plans off to move in. Then use an addendum to the contract... ... more
0 votes 5 answers Share Flag
Wed Apr 21, 2010
Jack Menashe answered:
Initially your commission due would be $18,000. Then you would have to deduct closing costs & lawyers fees & taxes wich usually range anywhere from. 2-5%. A conservative total would be approximately $50,000 total again depending on those other factors such as mortgage position, property taxes, water bills... So your looking at about $550,000 ... more
0 votes 4 answers Share Flag
Sun Jun 30, 2013
Pierre Calzadilla answered:
I see you are in Palo Pinto, TX - is the home there or in NYC?

If the home is in NYC you can see deeds online, but that would not be an official copy. Depending on your needs that could be enough. The link is below. ... more
0 votes 4 answers Share Flag
Thu Jul 14, 2016
Anna M Brocco answered:
Your attorney can best answer your question-- are you referring to property taxes--if so they are pro--rated, are your referring to capitol gains--the difference between purchase price and selling price if there is a profit, etc. ... more
0 votes 7 answers Share Flag
Fri Mar 5, 2010
Charles D'Alessandro Sr answered:
If your buyer has the qualifications it is easier to get an FHA mortgage. As long as the appraisal come in at the sales price plus the sellers concession it should be fine. As far as the tax at the closing the buyer pays the extra fees at the closing , and I believe there would be no extra tax on the sellers concession due to the fact it is given back to the buyer, and not part of the sellers proceeds. ... more
0 votes 7 answers Share Flag
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