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Home Buying in 11358 : Real Estate Advice

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  • Local Info1
  • Home Buying4
  • Home Selling0
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Activity 21
Sat Apr 27, 2013
Gary and Karina Youngman answered:
I would say yes to this...

I am not the end all here...

But living under an HOA the last ten + years lends me to believe they can do it...
0 votes 6 answers Share Flag
Thu Jan 31, 2013
Ron Thomas answered:
It is possibly possible to buy some of the services, and not others:
Title Insurance covers the errors and mistakes that could possibly be made; a missed Lien, eyc.
Title Search looks for a clear Title for you.
GFE is the Good Faith Estimate; which deliniates the fees and charges which the Buyer and Seller will have to pay.
Why didn't you ask this question of your TITLE COMPANY?
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0 votes 1 answer Share Flag
Thu Apr 10, 2014
Gail Gladstone answered:
Eric,

Ask the Realtor who is representing your interests to run recent comparative local sales so that you know what the market value is of the home that interests you.

Your opening offer can be a bit less than this figure.

Also consider what the home means to you; it is more than a commodity.
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0 votes 11 answers Share Flag
Wed Jul 10, 2013
Debra (Debbie) Rose answered:
All commissions are negotiable.......you need to interview a few local agents to see what they would charge... AND, more mportantly, to see if they are willing to work with you in the creative manner you described above.

I doubt anyone would "market" your home without a written agreement of some kind.........if you want to be creative, then look for someone who will go along with that.

best wishes.........
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0 votes 13 answers Share Flag
Tue Jun 19, 2012
Javier Meneses answered:
The best thing for you to do is to get a 2nd opinion. There are a bunch of options that allow you to put less than 20%, even less than 10% down payment. It also depends what type of property you are in the market for.

If you'd like I am always available to meet in one of our Queens locations. Good luck!

Javier Meneses
Senior Loan Officer
STERLING NATIONAL BANK
jmeneses@snb.com
(516) 606-9648
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0 votes 6 answers Share Flag
Fri Oct 21, 2011
Anna M Brocco answered:
Perhaps you meant 300K...you can check www.mlsli.com for availbale area properties. If looking for an investment property, consider omitting co-ops as most boards do not allow renting; co-op boards do have their own financial requirements that must be met; each facility is different, etc. If purchasing with a mortgage, be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously; if purchasing in cash do have a bank letter handy, stating proof of funds.... ... more
0 votes 3 answers Share Flag
Wed Jun 29, 2011
Ron Thomas answered:
The Lender's requirements for an Investment property are quite different than for your residence:
Normally, they want at least 20% down; you have 50%.
Hypothetically; if you were dealing with a bank, I would deposit the $150 in that bank and tell them that you wanted to put $100,000 down; and keep the rest for taxes, repairs, safety net, etc.
Your down payment isn't tax deductible, but your expenses are (consult your tax person, please).
You may not want to pay off that credit card debt right now, consult first.
you should be okay.

good luck and may God bless
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0 votes 1 answer Share Flag
Sun Jun 24, 2012
Anna M Brocco answered:
You can check out www.mlsli.com for available area properties; also consider working with an agent of your own, he/she will be your best guide.
0 votes 6 answers Share Flag
Tue Jun 19, 2012
Anna M Brocco answered:
Choose the area that best suits your wants, needs, lifestyle and where you know you'll be happy living...choosing areas shouold really be dictated and based on your personL preferences; keep in mind that opinions oftentimes are subjective, what may be good for one, may not necessarily be the case for another. ... more
0 votes 2 answers Share Flag
Sun May 12, 2013
Anna M Brocco answered:
Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therefore before beginning your search, do visit with any qualified loan officer. For available properties in Queens, check out www.mlsli.com Consider researching areas on your own as well and do visit areas of interest more than once; best area should be dictated by personal preferences; real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods. ... more
0 votes 5 answers Share Flag
Sat Feb 26, 2011
Anna M Brocco answered:
Since no link is visible and no address given, you may wish to ask again, or if purchasing in the Flushing, Queens area, also check www.mlsli.com or if additional information is needed, feel free to contact me directly. ... more
0 votes 2 answers Share Flag
Tue Feb 15, 2011
Anna M Brocco answered:
Much will depend on local area comps--recently sold similar properties in the immediate area; comps are provided free of charge, or consider hiring a professional appraiser; if interested in selling, consider inviting a few local agents from different realty companies--ask their opinion, and ask for a comparative market analys and then gor from there--you may wish to hire one of those agents as your listing agent. ... more
0 votes 9 answers Share Flag
Sun Aug 29, 2010
Anna M Brocco answered:
Much will depend on your overall finances/assets/credit score--consider visiting with any qualified loan officer(s) first, see if you qualify for a loan, how much and have your credit score checked, as their scoring is often different--if your credit needs improvement, your loan officer may suggest great ways to improve it as fast as possible--then go from there. ... more
0 votes 3 answers Share Flag
Thu Jun 21, 2012
Patrick Thies answered:
A seller agrees to pay X% of the sale price to a listing agent to market their home. The listing agent offers X% to any buyers agent that sells the home. The money comes from the sellers proceeds. Some will say that it is actually the buyer who pays the comission because they are the ones who are putting up the money.

The truth is the comission is factored into the list price. Out of the agreed upon sale price, the seller pays for the title, survey, any transfer fees, tax credits, attorney fees and comission.

When the buyer goes to sell, they will have the same expenses and the cycle continues. The value that the homes has is not the agreed upon sale price minus the comission and other fees, it's the whatever the house sold for that is considered the market value. (There is a little more to it than that, but that's the jist of it)
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0 votes 6 answers Share Flag
Wed May 11, 2011
Nunzio Zappola answered:
Hi J ,
I am working with international buyers of this market and look forward to assisting you with your real easte goals. Contact me www.Nunzio.Zappola@elliman.com I am also a commercial coordinator in NY so I will be able to help with any investment opportunity you seek.
1 (516) 383-0700
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0 votes 4 answers Share Flag
Sun Jun 21, 2009
Thomas McGiveron answered:
What type of land? Residential? Commercial?

How much cap do you have? Type of financing will you be looking for (tough to finance land - private money perhaps).

What are you looking to do with the land? ... more
0 votes 3 answers Share Flag
Fri May 15, 2009
Gail Gladstone answered:
I will be happy to make a recommendation of a dependable Realtor in your area. Contact me at Gail@GailGladstone.com and I will provide you with the information.
0 votes 2 answers Share Flag
Tue May 26, 2009
Everett Perry answered:
You can hire an agent to sell your co-op while you go into contract on your new place. Make sure you are pricing it realistically.
0 votes 4 answers Share Flag
Thu Jun 21, 2012
Scott Godzyk answered:
When someone lists their house for sale, the listing agent will say i charge $10,000 to sell your home. That is what the seller pays no matter if thier is a buyer broker or not. If the buyer has a buyer broker the listing agent will split their commission with the buyer broker giving them half or $5000 of the commission he collects for selling the house. The seller does not pay anything more.

If you are a buyer, in most cases you do not have to pay the buyer agent anything as they are getting paid at closing by the listing agent. In some cases a buyer agent can say i get $6000 to work with you, and if the listing agent is only offrin a $5000 fee the buyer would then pay $1000 out of the buyers pocket to make up the difference.

I hope this helps, if not just add some more details in the comment section
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0 votes 20 answers Share Flag
Wed Nov 5, 2008
Bill Eckler answered:
Your best bet is to resubmit your offer through the real estate professional with proper data to support your offer price. Have them provide for you the comps for recently sold homes in this area and the sales history on the subject property. It is important to have an awareness of what the purchase price was for the current owner.

The skill of negotiating is much more than trading numbers. To make the numbers meaningful, it is critical to be able to back them up with current factual information that support your position.

If the information is not there to support your offer, you are obviously off base and should consider other options.

A skilled real estate professional has the ability to provide you with negotiation skills that will assist you in either understanding your offer is unreasonable or that it is very attainable.

Our advice is to have a serious meeting with the agent and lay it all out and then step back and let him/her do their job, remembering they only get paid when they satisfy both the needs of the buyer and seller.

Good luck,

The "Eckler Team"
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363

2008 Five Star Award for Outstanding Customer Service
... more
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