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12211 : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions0

Activity 110
Tue Dec 2, 2008
Elm asked:
Need to push closing date another week to get lower rate. Seller refuses to let us close a week later? Any ideas?
0 votes 0 Answers Share Flag
Tue Dec 2, 2008
Pascual Paul Tarrats answered:
No one can time any market. Your guess is as good as mine.
0 votes 4 answers Share Flag
Sun Nov 30, 2008
Lori Jeltema answered:
Elm, in my experience, the appraisals have been all over the place. Sometimes, they come in right at sales price - other times much higher or lower. I know it's a vague answer, but that's what happens. It's one person's opinion at that given time. If it's your appraisal, the best thing you can do is review it and look at the comps so you understand where that value came from. I've had 3 different appraisals on the same property done at the same time and all were very different. ... more
0 votes 8 answers Share Flag
Sun Nov 30, 2008
Jon Huther answered:
HSBC plans to close its non-prime wholesale mortgage lending arm.
0 votes 2 answers Share Flag
Tue Dec 2, 2008
Maria Morton answered:
Yes, Elm, there is a way to find recently sold home prices in your area. Ask your realtor.
0 votes 11 answers Share Flag
Fri Nov 14, 2008
Bonnie answered:
Seller needs to lower price. However, Buyer needs to get estimates on repairs needed so can ask reasonable price adjustment from seller. Just seems fair this way.
0 votes 2 answers Share Flag
Sun Dec 7, 2008
Joanne Mielenz GRI answered:
You need to describe what the inpsector means by bad. Does that mean there is no longer any life left in the roof? Is it leaking? Is it structurally poor? Exactly what is wrong with the roof? Did your contract state a specific dollar amount towards repairs paid by seller? Is this a purchase on a home in an "As Is" sale? Did you lower your asking price due to condition of home and was the price negotiated due to this fact? A repair deemed necessary it is up to the buyer to decide if he wants to continue with the purchase and it is up to the seller if they are agreeable to repair the roof. So as you can see by this reply more information is really needed to answer this question. Would you still want to purchase this home even with the roof problem if the seller will not repair or replace it? Joanne Realtor ... more
0 votes 13 answers Share Flag
Fri Oct 31, 2008
Shelley Englert answered:
Hello Jon,

Favorite areas in Albany are; The Egg, The Palace and the great Restaurants which includes Jacks Oyster House and Bob and Ron's Fish Fry and Two Cousins Fish Market.
Albany is also filled with plenty of history which is great for tourist including the New York State Museum.

Shelley Englert
Realtor
... more
0 votes 1 answer Share Flag
Thu Oct 2, 2008
Jeff and Ginny Mitchell answered:
Read the document you signed. To what did you agree? If you hired that Buyer's Agent for a specific time period or a specific area, the agreement may not apply in another county or after this time elapse. However, you probably only signed the Florida agency disclosure form that lets you know how the Realtor will represent you. Florida does require that the agent present that disclosure form but not that you necessarily have to sign it. If you do not have a copy of that form, call the Realtor and ask for a copy for your files. ... more
0 votes 4 answers Share Flag
Tue Sep 23, 2008
Cheng answered:
This is the wisest decision for the following reasons:

The Section 8 voucher is portable all over the US, so if you bring yours from expensive area, say, Brooklyn, to most affordable area like Albany NY http://www.realtor.com/search/searchresults.aspx?ctid=25274&typ=7 you are turning your voucher much more valuable with much better living spaces.

If you take a look at the housing price in Albany NY area, http://www.realtor.com/search/searchresults.aspx?ctid=25274&typ=7 you may find that your Section 8 voucher may afford you a very nice home there.

I personally like Albany NY a lot, on the one hand, it is the NY State capital, and one of very few state has wonderful state museum, yet, FREE! Every time I got guest from abroad, I took them over, especially, on the way to Lake George, the top 10 most popular vacation area in the US during summer time. And, if you move there, you know it is only 1 hour from there!!! http://maps.google.com/maps?f=d&saddr=lake+george,+ny&daddr=albany,+ny&hl=en&geocode=&mra=ls&sll=43.131057,-73.721008&sspn=1.651646,2.598267&ie=UTF8&ll=43.159112,-73.863831&spn=1.650888,2.598267&z=9

I also have a friend's daughter just went to the Pharmacy College there http://www.acp.edu/ because she wanted so badly to become pharmacist years later when start up salary would be 6 digit!!!
... more
0 votes 1 answer Share Flag
Thu Nov 20, 2008
Liz Stevens answered:
Tricia, you will want to watch carefully for units to become available in Albany. Because of the demographics of the tenants in Albany and the location and most importantly, the lack of rent control, the units that come up get snatched up quickly. Center Square is a fine place to buy investment property, but availability is the issue. If you do not plan on living in the property, a nice 4 unit property came up three months ago, is now off the market, but I believe it is a very good investment in the 700K - 800K range for 4 units. Albany will be a good long term investment for you. If I can be of help, just let me know. all the best. Liz ... more
0 votes 5 answers Share Flag
Sat Jul 12, 2008
Gail Gladstone answered:
I have extended family in Cherry Hill, NJ, close to Phillie. I love being there and so do they.

If you would like the name of a fantastic Realtor in that area, I would be happy to provide that information; contact me off line at Gail@GailGladstone.com ... more
0 votes 2 answers Share Flag
Tue Jul 1, 2008
Voices Member answered:
Mon Jul 14, 2008
Carol Olsen answered:
Hi, I am a Realtor in Oneonta, NY and we have alot of people who like to invest in the multi family units because we have 2 colleges and in the summer people come from all over the country to send their kids to baseball camps in Cooperstown and Oneonta and need places to stay. If you would like the listings emailed to you, send me your contact info, phone number and email and I can discuss it with you further.
We are also only 3 hrs from NYC, NJ, Long Island. I would be glad to help.
... more
0 votes 6 answers Share Flag
Thu Jul 24, 2008
Kirk Bales answered:
Oregon has been a little late to the dance. The Portland Metro area had the first decline this last quarter, 0.4%. It is not a big decline but it indicates that prices are not going up. What we are seeing more of is that the more expensive homes are not selling which is causing the average price to fall. Employment is the bigger factor. As long as there is good employment prices should hold steady. Hope this helps ... more
0 votes 2 answers Share Flag
Tue Sep 23, 2008
Holli Boyd answered:
Is he offering you a lease option or rent to own policy? Whatever the choice is, get it in writing and speak with an attorney.
0 votes 5 answers Share Flag
Wed Jun 18, 2008
Gail Gladstone answered:
I assume you just moved in. Do not worry at this time about what adds more value. This is your home. Which option will give you more enjoyment?
0 votes 8 answers Share Flag
Wed Jun 6, 2012
Holli Boyd answered:
It's pretty easy to get crime and other statistics about a neighborhood. For example, you can visit my community reports website at http://www.topmarketer.net/CSR/CSReport.aspx?P18F36K1CJQE and put in zip code 12210 to pull up a lot of population information. You can also visit other sites such as the fbi site to get general crime statistics as well. And Trulia does a decent job with statistics about a region as well - http://www.trulia.com/real_estate/Albany-New_York/ - hope this helps, we are restricted by fair housing laws to give personal opinions about neighborhoods, so you might not get any direct answers :) ... more
0 votes 12 answers Share Flag
Tue Nov 18, 2008
Holli Boyd answered:
Dee - it's on a case-by-case basis, however I can give you examples and percentages for homes - also check out this link for more information, http://www.albanyny.org/government/departments/AssessmentAndTaxation.aspx ... more
0 votes 5 answers Share Flag
Sat Mar 29, 2008
Gail Gladstone answered:
Rachel, suggest you get a Realtor to assist you. If you need a recommendation, please contact me off line.
0 votes 2 answers Share Flag
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