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14618 : Real Estate Advice

  • All6
  • Local Info0
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 195
Thu May 30, 2013
Anna M Brocco answered:
Protect yourself --regarding any legal issues your best source of advice is an attorney.
0 votes 4 answers Share Flag
Wed Feb 10, 2010
Anna M Brocco answered:
In a pre-foreclosure/short sale the owner tries to sell the property before the bank takes it away --in this case, ultimately the bank decides on which bid to accept, reject or counter offer--in a foreclosure, the owner stops paying money owed to the bank and the bank seizes the property and takes over ownership. ... more
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Wed Mar 24, 2010
Housexpert answered:
I am an investor/property manager and also prefer single family homes to rent out for some other reasons as well- there is less turn--over. People are less likely to move b/c they are not living so close to another family. (High turn-over would mean less rent coming in and more repairs.) Singles are easier to rent out, or to sell b/c investors as well as home buyers would be interested. Another reason is that it is easier to have the tenants be responsible for the outside upkeep including grass, leaves, trash and snow removal in a single house. (less work for me) I only buy singles that have off street parking so I can offer that to my tenants.
As far as area, city houses have a much higher ROI (return on investment) than suburban houses for various reasons . Initial cost is lower and so are taxes. Demand for good rentals is also higher in the city-some landlords only rent to students like at Uof R or RIT and they have a never ending crop of them. It is best to choose one area and buy several in that same area so you can service them more easily-that is what I have done.
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Sat Feb 6, 2010
James Gordon ABR SFR SRS answered:
Chyrisse you may want to check with your Realtor®. Do you know which of the six programs currently offered the buyer is using?
0 votes 3 answers Share Flag
Fri Apr 23, 2010
Kristen Wahl answered:
Hi Jeff,

You're right, the inventory near the U of R is very low right now. It's a very popular area, so homes tend to sell quickly. My office lists a large percentage of homes in that area. If you're interested, you can e-mail me more about what you're looking for (price, number of bedrooms and baths, square footage), and I'd be happy to let you know in advance if I hear of any upcoming listings!

You can contact me at KWahl@RealtyUSA.com, or call me on my cell phone at (585) 455-5524. Good luck with your home search!

Sincerely,

Kristen Wahl
RealtyUSA
... more
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Sat Feb 6, 2010
Mike Conner answered:
Sara, first of all good luck with your investment plans! I hope you get some great answers here that will help you make a good decision. If you need help finding a local Realtor with experience and knowledge about the Rochester, NY area I am happy to help. I have a pretty good nationwide network that I would be happy to share with you. Drop me a note at my site below if you need any help. ... more
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Tue Jan 19, 2010
Sean Dawes answered:
I am not licensed in NY but let me just ask this/mention this.

Is the home listed with a realtor now? Wouldnt they have asked the seller what they owe, show them a estimated closing cost sheet and the seller go "hmm i dont have enough to settle the mortgage?"

Last minute things like this bother me. It should not happen. Extending settlement due to time to get some repairs I can see but this is something that should have been addressed from the beginning when the offer was made.


Sean
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0 votes 14 answers Share Flag
Fri Jun 28, 2013
x answered:
The school taxes are the culprits, along with the assessments. The smaller the school district the lower amount each property owner will contribute. The assessments on each home, in each town will be a large factor. Be educated about how the towns reassess. Some will reassess only per the NYS law, others will reassess upon transfer and title.. I think that Gananda is a wonderful place to live.. minutes to 4 corners of Penfield, Penfield schools, and the homes have a nice price range, and are beautifully maintained. This is in Wayner County..
BUT.. there are many many nice towns/neighborhoods... check the assessments!
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0 votes 6 answers Share Flag
Thu Jan 14, 2010
Linda Akers answered:
The town of Henrietta in Monroe County is one to look at. Visit AkersSellsHomes.com to view properties and learn more about the areas. Feel free to give me a call to discuss the tax credit that is available and answer any other questions you may have. Linda Akers 585-576-5555 ... more
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Mon Jan 11, 2010
James Adams answered:
I do not see any home listed for this price. There must be an error on the listing.
Do you know the number on the street?
0 votes 1 answer Share Flag
Fri Jun 15, 2012
Cindy "B" Rosato answered:
Marilyn,
As Chairperson of the RCF-Realtors Charitable Foundation, I am very involved with NeighborWorks! They are currently doing a third spot neighborhood that is located in the 19th ward! Just to give a little background, NW's first neighborhood was Swillberg...the second is in their 3rd year of the North Winton area called "the pocket". Swillberg values increased tremendously and the same is proving for The Pocket, so I can only see the same in the 19th ward area!! Prices have held true for the 22+ years that I have been in business and there are alot of doubles that are bought by investors for U of R students, and RIT students too! Also because NW's is involved there are very low interest loans for upgrading and enhancing..driveways, paint, windows, etc... Sometimes there is group purchasing also that will help keep prices even lower! The only drawback that I can think of would be the planes...but depending on time of year and the pattern! ... more
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Thu Feb 4, 2010
Rberkman answered:
Well, I hate to say this, but there have been more crime problems there--sadly--so be cautious about the street you buy on. But the homes are gorgeous and a great deal for the money...
0 votes 3 answers Share Flag
Mon Dec 14, 2009
James Gordon ABR SFR SRS answered:
Stefon that is how most homes are sold! The mortgage gets paid off at closing by the funds that the seller receives from the buyer. The attorney takes the amount need from the money that the buyer brings and sends to the sellers bank the amount known as "the pay off" . The sellers lender sends a release of lien for the attorney to file and the buyers now have a new home. If they purchased it with a loan the atttorney files the new mortgage which creates a lien on the property again but this time the new owners are the grantors. ... more
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Tue Nov 17, 2009
Raymond E. Camp answered:
Stephanie, It would depend on a number of items; mortgage approval, will ii be an FHA mortgage. If I may be of assistance feel free to contact me.
Thank you,
Raymond Camp
0 votes 8 answers Share Flag
Fri Nov 28, 2014
Bob Kirby answered:
The problem with new consturction is the builder has fixed cost for the marterials to build your home. The builder's supplier's and sub's have a cost. In todays market , they are most likely working at the least that they a willing to do the job for a rock bottom price.You have three builders fighting for the job. If it could be done for less one of them would have come forward. Make sure that the builder you choose didn't make a mistake and can really finish the home at the price. Builder have been known to walk from jobs after receiving draws. It sounds like you need to spend a little more than you expected or compremise on the materials. Please don't ask the builder to leave every other nail or 2x4 out .Just a joke to drivre home the point. Interest rates are at, or near a 40 year low. Finance more and tighten your belt elsewhere for now. Build the most you can now so you will not regret later. Remember building is very trying. Don't let it interfere with the WE above. Bobkirbysells.com 585-719-3540 ... more
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Fri Nov 13, 2009
CCC answered:
http://www.nysar.com/content/consumers/affordablehousing.htm

You need to make some calls. Someone will have the answer.
0 votes 1 answer Share Flag
Fri Nov 9, 2012
Jeannine Whitaker answered:
Hi Aks!
I would have to say that activity varies from area to area, condition and price. Your activity seems pretty good without knowing more info! I see that this questions was asked a couple of months ago, so I hope that you have sold by now or have reduced to get more action and a qualified buyer! ... more
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Fri Nov 9, 2012
Bill Eckler answered:
Lori,

Your best resource for this information is possible the local police department or county sheriff's department. They have access to the most accurate and current information and are generally very willing to be of assistance. ... more
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Tue Feb 14, 2012
Bill Eckler answered:
Nj,

The home inspector should be able to provide you with a clear understanding of the efficiency of the windows in question. Our recommendation is when you schedule the home inspection, make the inspector aware your concerns with the property. Ask him up front, if he is qualified to provide you with accurate window information.

Best regards,
The Eckler team
... more
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