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Home Buying in 11561 : Real Estate Advice

  • All45
  • Local Info2
  • Home Buying25
  • Home Selling2
  • Market Conditions2

Activity 35
Fri Apr 19, 2013
Tim Moore answered:
This is often a catch 22 that needs to be worked out. There is no easy answer and someone has to give in or it can't work. Good luck.
0 votes 6 answers Share Flag
Tue May 6, 2014
Anna M Brocco answered:
Check http://www.mlsli.com or 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
Tue Sep 10, 2013
Anna M Brocco answered:
Keep in mind that people move all the time and for a variety of reasons; consider contacting management directly for any necessary information, or if the opportunity arises speak to current residents, etc.; real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods/complexes.... ... more
0 votes 5 answers Share Flag
Tue Jul 9, 2013
Tim Moore answered:
What makes you think lower is appropriate, it might be priced correctly or under priced already. Just to assume that any or all offers must be lower is incorrect. Around here a 10% low offer gets one answer - NO. Let your Realtor help guide you based on the listed price and the current market value for the property. ... more
0 votes 8 answers Share Flag
Tue Jun 4, 2013
Tim Moore answered:
It sounds as if they are saying they "MIGHT" sell it to you. Might being the optimal word - there is no guarantee they will, it depends what you offer them for it.
0 votes 5 answers Share Flag
Thu Jun 13, 2013
Kevin Leatherman answered:
Charles, Yes, there was just a new 2 Bedroom listed this week. If you are interested in being represented I work with my Buyer Clients on an exclusive basis and have lived in Long Beach for 8 years so I am extremely famialr withe the community. Best, kl ... more
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Fri Sep 21, 2012
Anna M Brocco answered:
Commissions are always negotiable between you and your agent, there are no set standards; therefore choose your agent with care and not by commission alone.
0 votes 8 answers Share Flag
Mon Sep 3, 2012
Anna M Brocco answered:
Consider looking for a new home; for any necessary legal advice consult with an attorney who specializes in real estate.
0 votes 5 answers Share Flag
Wed Jul 11, 2012
Alex Rubin answered:
The Ocean Club in Long Beach, NY is probably one of the best buildings in town. Most residents totally enjoy the friendly atmosphere and helpful staff in the building. As far as assessments, there are three kinds of buildings in town

1) Has just finished an assessment
2) Has a current assessment
3) The board is currently debating having an assessment.

The fact is that living on the beach is expensive and like any other type of real estate there are constant costs to repair and maintain any property.

Do your due diligence and enjoy living at the beach.

Any questions feel free to reply.
... more
0 votes 2 answers Share Flag
Sat May 5, 2012
Jacques Ambron answered:
Mon Mar 26, 2012
Daniel Ryan answered:
Typically the buyer pay the transfer taxes on new construction..but it is open for negotiation...
0 votes 3 answers Share Flag
Mon Aug 13, 2012
Anna M Brocco answered:
When it comes to any safety concerns, your best source of accurate information is the local police department; therefore consider a visit/call and ask all your questions, hear all there is to hear firsthand; if unfamiliar with the area, do revisit more than once and at different times of day, possibly chat with neighbors/locals; real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods. ... more
0 votes 2 answers Share Flag
Tue Jul 9, 2013
Anna M Brocco answered:
Consider interviewing in person a few agents from different realty companies, then choose the one you like best as you will be spending some time together.....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. ... more
0 votes 4 answers Share Flag
Mon Mar 28, 2011
David Cooper answered:
The bank won't give you a hard time, they won't even consider it unless each party to the LLC personally guarantee's the loan.

David Cooper. Las Vegas Foreclosure Investor in Bank Owned Cash flow Houses. FReee List +1-7024997037...
not a real estate agent. ask about limited partnerships
... more
0 votes 4 answers Share Flag
Thu May 8, 2014
Gail Gladstone answered:
Thsi is the way I look at the list:

A banker...you have to fit their profile.
A mortgage broker...shops the banks to find a fit
A mortgage broker/banker...if shopping doesn't work, they have the option to fund your loan.

I can provide you with contacts for a few really good folks who fit these profiles: if interested, contact me at gail@gailgladstone.com.
... more
0 votes 10 answers Share Flag
Thu May 29, 2014
Scott Miller answered:
Hi Czervy. In my opinion, it's much better to hire your own agent to bargain on your behalf. If you were fighting a lawsuit in court, would you use the same attorney as your opposition is using? No. Same scenario. You want the best price and terms when you buy your home. Therefor, you need someone to represent YOU, the buyer.

Some here will say that a transaction broker can represent both sides. This is true. But you asked what would be best for you and this is my answer.

The answer to your next question is YES, the commission due to both agents is covered by the seller. You do not have to pay a commission as buyer. As I said, it is in your benefit to higher a Realtor to represent you.

Pros vs. Cons: If the agent representing the seller is hired by you, too, he will have to give notice that he is now a 'transaction broker', representing the transaction itself and neither party (explanation below). In my opinion, it's still better to have your own agent to go to bat for you each step of the way, and both agents can be 'transaction brokers'.

TRANSACTION BROKER RELATIONSHIP.

(a) Transaction broker-duties of limited representation.--A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity or as a single agent. The duties of the real estate licensee in this limited form of representation include the following:
1. Dealing honestly and fairly;
2. Accounting for all funds;
3. Using skill, care, and diligence in the transaction;
4. Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer;
5. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing;
6. Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and
7. Any additional duties that are mutually agreed to with a party.

Hope this helps you!

GOOD LUCK!

Scott Miller, Realty Associates, Boca Raton, FL
... more
0 votes 25 answers Share Flag
Tue Jul 27, 2010
Don Tepper answered:
Well, he wants to get paid.

You'd agreed to pay $1,000. He's willing to accept $700. You want to pay him $500.

I'm surprised that a lawyer (or even you) would operate on a verbal agreement. Those things ought to be in writing. However, since that wasn't the case . . .

He's saying that he did about 70% of the work that would have been involved if you'd purchased. You're saying he only deserves 50%.

Personally--I'd pay him. You're not that far apart. Only $200, regarding payment for his services. He's a lawyer; you're not. If he puts up any sort of fight and you have to go to another lawyer, it'll cost you far more than $200.

As for whether the money should come out of the downpayment or separately, your lawyer is afraid you're going to stiff him. You'll get all your money back, then you won't pay. That's his concern. And really, you're going to pay him out of the refunded downpayment anyway, aren't you? If not, then why not pay him now, and get the full amount back. After all, he's already done the work. But he's willing to wait for payment until you get the remainder back. That really sounds like a reasonable arrangement.

Hope that helps.
... more
0 votes 6 answers Share Flag
Tue Aug 31, 2010
Anna M Brocco answered:
MLS is showing 2 units as available in the complex--both feature 2 bedrooms and 2.5 baths--one is listed at $1,195,000, the other $1,325,000. One unit did recently close--June 11, 2010 for $ 2,257.000, it featured 3 bedrooms and 2.5 baths. If you need additional information feel free to contact me direct or check out www.mlsli.com ... more
0 votes 2 answers Share Flag
Fri Jun 4, 2010
Gerard Dunn answered:
I would advise you to find an agent that can represent YOUR interest in the transaction. The listing agent represents the seller.

Yes, you can use this agent to purchase - but you will have to sign disclosures that you understand the agent is representing the seller.


Good Luck!

Gerry Dunn

Associate Broker
Maryland, D.C. and Virginia

gerry@MyPotomac.com
... more
0 votes 6 answers Share Flag
Thu Jun 3, 2010
Charlotte Shirey answered:
Hi Sig,
No. Going into a real estate transaction without representation is like going into court without an attorney. You don't know all the rules, the questions to ask, what risks you are exposed to, and more. Not to mention do you have the time and expertise to follow the contract through to settlement. Even lawyers get outside representation when they are out of their particular field of ther practice. Hope this helps.
Charlotte
... more
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