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Home Buying in 14607 : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 101
Fri Mar 20, 2015
Pascual Paul Tarrats answered:
You should have hired a buyers agent which most likly would have paid by Ryan. Sellers and their agents know that a Real Estate agent are more likely to get the job done, and so are willing to pay their commission. Also because their YOUR agent, they have better powers to negotiate, as they know what to say, and how to say it. Most times, once you go at it alone, it's hard then to bring in a agent to negotiate, but it doesn't hurt to try. ... more
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Fri Aug 8, 2008
Barbara Carter answered:
Misty-
Check with your agent. The purchase offer should have been contingent on mortgage approval.
Good Luck
0 votes 5 answers Share Flag
Sun Aug 3, 2008
Vicky Chrisner answered:
Disclosure: I am not an attorney, you need one. I do not work in your area. What follows is just my 2 cents, which is worth, about, 2 cents.

1. You must have known about the dog when you put the offer in, so what's changed?
2. Did you pick your home inspector? Doesn't matter what your friend says unless you're still in the home inspection period.
Unless you can negotiate otherwise, you could lose more than your deposit. It's back to the negotiation table. I don't know about in NY, but in VA they can wait 5 years before filing a lawsuit against you, and can hold you liable for any additional costs to them as a result of your default.

Having said all of that - do you have any contingencies left in your contract? CALL YOUR AGENT.
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Sat Aug 2, 2008
Gail Gladstone answered:
Please seek the advice of 1) your attorney and 2) a mortgage broker. If you need a mortgage broker to speak with who has extensive experience in credit repair, contact me off line at Gail@GailGladstone.com for a recommenation. ... more
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Fri Nov 21, 2008
Raymond E. Camp answered:
Sarah, This is a question that a realtor cannot answer; you will have to go to the area and check it out and see if it fits your requirements.
Thanks, Ray
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Fri Aug 15, 2008
Julie answered:
Some areas of Rochester do have a higher crime rate than others. I went to college in Rochester but it's been a while so I can't give you any specific neighborhood advice. You will want to be able to rent to students attending the University of Rochester. Hopefully a local agent will jump in here and help you out. If not, there's always Buffalo :)

Good Luck!
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0 votes 7 answers Share Flag
Mon Jun 29, 2009
Raymond E. Camp answered:
Jose, Most Realtors will do a free CMA on a property and do this for listings and buyers to purchase. If you need assistance feel free to contact me at 585-469-9199. Thanks Ray
0 votes 4 answers Share Flag
Sun Jul 13, 2008
George Dounce answered:
Stephanie: Do you need to sell your house to be able to buy the other house? If so, and if the new listing is just what you want, you need to list your house quickly priced right at the market or maybe slightly under. If you present a contingent offer (contingent on the sale of your house) and it is accepted, you may get bumped by a non-contingent offer very quickly if other buyers are excited as much about the new listing. There are mortgages available that may cover the cost of repairs in the mortgage. Century 21 Mortgage can help you with that if you do not have a mortgage company right now. You can try them at 1-888-321-9088. In any event, quick action is essential if you want to have an opportunity to buy that house. George Dounce, 585-721-7653. ... more
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Sun Jun 8, 2008
Gail Gladstone answered:
Check with your local town offices for permits and license information; every township throughout the US has their own requirements.
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Thu Sep 8, 2016
Deann Mcclung answered:
I don't live in RI but, you should seek the help of a professional Real Estate. R.E. Agents have many ways to access properties that you as a buyer would not be able to gain access to. Make sure the agent you choose is well versed in many areas and will do their homework. This is very important. Buying a church is not like buying a home. Interview agents to represent you, in the end it will be worth it! ... more
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Thu May 22, 2008
Gail Gladstone answered:
The buyer's attorney uses a title company who searches the title for any clouds, liens, judgements, etc. All surveys really should be redone no matter how recently the last one was completed. ... more
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Wed May 28, 2008
Gail Gladstone answered:
Have you read your lease? Or perhaps have an attorney look at it? Also, your landlord may be willing to let you out of your lease.
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Wed Jul 9, 2008
Mogamb answered:
Generally, the Southeast quadrant; plus the core, and the cornhill neighborhood which sits on the opposite, 14609 and southwedge are up and coming; sometimes rough around the edges in some spots. Take a look at the trulia neighborhood heat map, avoid the neighborhoods in green; they may be drug neighborhoods, and it may be hard to find tenants and prop managers for those. .

Location aside, one major thing to watch for is that the utilities in the units are separate. You will be much better off having tenants pay for it, as utils in the winter are high. Makes a huge difference in the your margin. Also, don't touch (whether sep utils or not) electric heated units.As most of the homes are built early 1900s, as soon as you purchase one, check whether the external walls have insulation; it's not very expensive to blow some in if there isn't. Then, take a summer fix stuff, remodel, and to get to know the house/units and all the little issue and meet your prop manager who has been working hard to manage this--not always an easy thing (either tenant wise or house issue wise), which isn't apparent when you're an absentee landlord. Good luck. Not a bad idea IMO with such a strong pound, but wait for rent growth to resume only after the US recession which may last ~1 to ~3 yrs depending on how strong global growth is.

A few minutes ago
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Sun Jul 13, 2008
Larry answered:
Hi 24,

Webster, Irondequoit and Greece are fine communities to live. I personally prefer living in the village of Fairport a community built along the Erie canal. "24" it truely depends upon your self interests as to which village will best fit your lifestyle.

Are you planning a trip to the Rochester area this summer? I am a realtor for Hunt ERA out of the Fairport office and would be happy to help you narrow the search when you visit our area. If you would like to see how I do business visit www.huntera.com. If you would like to send me your e-mail address I will send you any information you would like to have so that you can begin your search.


"Always There For You"


Larry Timmons
Hunt ERA
Fairport Office
(585) 598-6440
ltimmons@r-house.com
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Fri Apr 18, 2008
Zack answered:
So i tried to check Raffay's website. He has the normal NY area counties, then "Out of area" which includes the rest of the country, but you can only search by "out of area". So after clicking through 3 pages of "out of area" listings, there wasn't a single place in the state of Minnesota let alone in Rochester, MN. After that i gave up and reported his post as spam. ... more
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Thu Jan 1, 2009
Gerry Vazquez answered:
Wayne, Properties throughout Rochester are modestly priced--which is why the area is drawing investor attention from around the country, and in your case, from abroad. Beechwood is one of those neighborhoods just beginning to benefit from renewed interest in urban pioneers and city planners encouraging the redevelopment of the Eastside. Good luck w/your investment.
GerryV
vazquezgerry@yahoo.com
... more
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Thu Apr 23, 2015
Gerry Vazquez answered:
Wayne, Those are fairly typical City of Rochester home prices. Incredible, right? Prices are low because the region has experienced a two decade longterm economic slide and corresponding population loss--a recession from which it is only now recovering. Rochester has tremendous assets--colleges, high tech sector, health services, the arts--which have always been world-class and are serving as an engine for the area's rebirth. The area's past troubles, however, offer today's investors terriffic opportunities, including low purchase prices WITH appreciating values! The City government--I know the commissioner of community development--has an aggressive plan for encouraging urban living, including targeted public investments in select areas. Email me at if I can be of further help. GerryV ... more
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Tue Apr 8, 2008
Gail Gladstone answered:
Depending upon the market trend, anywhere you purchase for two years might be a loss or might be a terrific gain; no one can predict. I believe prices are at a real low and mortgage rates are as well; it's a perfect time to purchase.

In two years, no one knows where they will be in their lives or if their needs will be the same. Purchasing a home is more than a purchase price; it is closing costs, moving costs, fix-up costs, etc. Selling is transfer tax, professional fees (legal, real estate, etc.).

If you are going to be somewhere for such a short period of time, certainly comparing the costs of buying and selling to a 2-year rental is a worthwhile investment of your time and efforts.
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Tue Sep 24, 2013
Mark Updegraff answered:
Returns and ratios vary like any other RE market.

You should be able to attain $300 / door / month in cash flow after backing 35% off the gross for PM, Capital account, Vacancy, and Repair as well as operating costs. ... more
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Wed Jul 16, 2008
Christopher Walker answered:
Rochester and Buffalo look appealing to many because of pricing. Niagara is also an inexpensive area of New York but, don't be quick to jump in the market there. There is a reason why those properties are so inexpensive. There is little industry in the area and, although both areas are looking for ways to get their respective economies moving, they have yet to have measurable success. If you are getting into the rental business, industry has to be present if you are looking for long term gain. Barring that, you will have to look to section 8 as your only source for renters. This is not necessarily a bad thing as everyone needs a good place to live. Contact a local housing authority and look into rules and regulations as they relate to subsidized housing. Use those facts to calculate the potential for investment in the area as that will be your main source of tenants for many years to come. One aspect of the area that many do not consider is the temperature extremes that will increase maintenance and other operating expenses. I am not a Realtor in the area but, my niece went to college in the area and we contemplated investing there for some time before deciding that it just would not pencil out for our situation. ... more
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