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Babylon : Real Estate Advice

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  • Home Buying16
  • Home Selling5
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Activity 19
Thu Feb 5, 2015
Joseph Runfola answered:
Hello Kbl724, check out this link for info; http://www.city-data.com/forum/long-island/260428-babylon-lirr-station-parking.html
0 votes 6 answers Share Flag
Thu Jun 28, 2012
Gail Gladstone answered:
Samuel, I am not sure what listings you are viewing, but an attenttive Realtor will make sure to investigate all details of a property and include them in the description.

Property sizes are most definitely available.

If you need further information on any property you are viewing, I will be happy to provide that information for you.

Contact me at Gail@GladstoneGroupRealty.com or 631-425-6150.
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0 votes 5 answers Share Flag
Sat Mar 9, 2013
Cynthia Bell answered:
There are several types of listing agreements in real estate, one is an "open listing". Basically an open listing lets an owner sell their home on their own. It is a non-exclusive agreement, meaning the owner may execute open listings with more than one real estate broker and pay only the broker who brings an able buyer whose offer the owner accepts.

Its up the the Realtor to how they manage their business and if they work with sellers on an open listing.
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0 votes 14 answers Share Flag
Tue Feb 3, 2015
Franklin Blacker answered:
Taxes are assessed after March and go into effect for the tax year beginning in December. Call up Babylon Town tax assessor's office to get your most current taxes for 1010/1011.
0 votes 3 answers Share Flag
Tue Dec 14, 2010
Gail Gladstone answered:
If it is truly asbestos (inspectors are not always correct) it is considered an environmental problem and that is always the responsibility of the seller. Therefore, cost of doing so should not concern you.

Seller must do it; you will not be able to close with an environmental issue such as asbestos.
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0 votes 3 answers Share Flag
Thu Jun 3, 2010
Anna M Brocco answered:
Sounds like you are trying to deal directly with the seller's attorney--if so, don't--have/ask your attorney to contact the other and try to negotiate something on your behalf--keep in mind that it's up to the sellers to agree on any fee reimbursements, they ultimately decide not the attorney--do you have an agent, and what is your agent advising, he/she is your best source of advice as it relates to your specific situation. In addition, depending on the c/o progress and if your lender agrees, you may be able to close with an agreed amount of money from the seller's left in escrow until c/o completion--ask your attorney for details. ... more
0 votes 2 answers Share Flag
Mon Feb 9, 2015
Anna M Brocco answered:
What is your agent advising--as for some of the properties being overpriced--depends on your wants and needs--some of the properties may or may not have negotiating room--MLS is currently showing 15 available properties listed at over 1 million--the lowest is listed at 1,075,00, it is newer construction built in 05, lot size 80x105 and it is waterfront, canal; the highest is listed at $3,500,000, built in 06, newer construction as well, lot size is 103x168, it is Bay front and also has a pool and does 2 boat lifts. Keep in mind that a home is generally worth what someone is willing to pay for it, therefore if there is a property of interest to you in the area, make an offer and see where it leads--the worst case scenario the seller rejects the offer--on the other hand if you are trying to sell--compare your property to the other similar ones, be slightly more competitive in order to attract as many buyers as possible, make sure your marketing maximzes your exposure, be flexible with showings, hear all offers and accept what is suitable and reasonable. You can check www.mlsli.com as well under Babylon--it will show available and closed. ... more
0 votes 3 answers Share Flag
Tue Feb 3, 2015
Joan Braunschweiger answered:
Claire,
Pesonally I'd rather see this question directed at buyers.
I think we'd learn a lot more if we went to the source.
Just my opinion.
0 votes 11 answers Share Flag
Mon Feb 22, 2010
Don Tepper answered:
In the listing process: Getting the homeowner to decide on a realistic price to offer his/her home. Some still remember when their homes were worth 30%-40% (or more) more. Plus, lots of sellers think their homes are absolutely unique. Or that some work they put into their home justifies a price far above what the comps are selling for. "But my home is better than that one . . . " Or "I put 2 months into painting this home myself, room by room . . . " Often backed up with "I want to sell, but I'm not going to give my home away." ... more
0 votes 7 answers Share Flag
Tue Feb 23, 2010
Westcott Group answered:
Prices have not stabilized. This is eveident in every market analysis we do. While some areas of Long Island may be insulated they are not immune as I was quoted saying in Newsday last year and it is true today.
Supply vs. demand is always the rule regarding value. The other HUGE factors locally are our unemployement numbers and the unavailability of financing for many of our consumers. Long Island is very much a work force of small business owners and self employed blue collar tthese are buyers that are very hard to qualify for a mortgage now and this has limited our pool of buyers. The affordability factor is what is driving this market but we still need more adjustments for jhomes to be truly affordable for the majority of the population again.
Additionally mortgage rates will go up in 2010 after or during our Spring surge as the Feds stop buying mortgage backed securities. The FHA requirements also change increasing the down payment amount buyers need therby costing them much more to get into a home. This means home prices will decline as buyers need to adjust price to fit monthly payment. Another factor is the rise in property taxes which increases mortgage monthly payments and escrow amounts. Buyers compensate by lower offers. This is the cost vs price formula buyers are using to buy.
The monthly payment for the house is more important to them than the purchase price they pay.
Georgia Westcott

Westcott Group Realty
17 Deer Park Ave Babylon
631-661-8888 cell 516-448-9786
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0 votes 4 answers Share Flag
Mon Feb 22, 2010
Barbara Klepper answered:
you can go on www.mlsii.com and click solds. If you are not already working with a realtor I stronly recommend doing so, because he/she may be able to providea additional info on house, notn on mls records. Obtaining numbers is great, but interpreting them correctly requires training and experience. If you are already working with a realtor great! If not I am a Babylon agent, and Id be happy to help. ... more
0 votes 7 answers Share Flag
Fri Jun 4, 2010
Gail Gladstone answered:
Hey Georgia....good question. I am finding that today's buyer finds the property first and then works with whomever is representing it.

I find open houses are diminishing in attendance, but I am getting more direct calls on my listings. ... more
0 votes 25 answers Share Flag
Wed Jun 24, 2009
Cece Blase answered:
If you want to put in an offer on the second house, you need to rescind your offer on the first one first. Otherwise you could wind up buying two houses. Bad idea.

Another strategy is to contact the listing agent of the first house and see if a quicker response is possible. You could also feel out the first listing agent see if you are in the ball park on price and try to get a sense of whether the seller of the first offer will accept it or counter at close to your offering price.

A third thing to try is research activity on the second home and ask the agent for that listing how much activity they've experienced and whether they anticipate multiple offers. You could also ask straight up what kind of price the seller is expecting, to make sure the anticipated selling price isn't out of your range.

Finally, think about why you like the second home more. If it's about location and schools, then I can understand why you would like it more. If it's about condition and the first house can be brought up to par to the second one, and be had at a more reasonable price, you might want to stick with the first one if you think it's a surer bet.

Good luck!
... more
0 votes 11 answers Share Flag
Mon Oct 25, 2010
Ralph Windschuh answered:
You didn't provide the link or the address. If you're interested in Suffolk County, I would be happy to help you. Please contact me at your convenience.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
... more
0 votes 5 answers Share Flag
Mon Jul 7, 2008
Cori Kaplan answered:
Hi Jodi,

You can find them in several places. You can sign up for Suffolk Profiles which gives a list of homes going to auction but there is a fee. You can go to Riverhead and do the research. You can also sign up for Trulia"s realty trac which also charges a fee.

You can also sign up for my free weekly list of foreclosures and preforeclosures at my website, www.huntingtonnyrealestate.com.

Cori Kaplan
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0 votes 5 answers Share Flag
Tue May 27, 2008
Jim Johnson answered:
With an FHA insured loan, you can buy with as little as 3% down. If you buy wisely now, you should be significantly ahead of where you would be in five years. If you have a house-mate, all the better.

For about everything you may want to know, see the Home Buyer Info page of my Web site. The link to the "benefits of home ownership" will outline what you may miss out on if you wait.

For everything else you may need to know, meet with a mortgage loan officer and get yourself pre-qualified, and find a good REALTOR member of the MLS with whom to make a buyer representation agreement. None of this will cost you any more, and it could save you a lot of money and frustration.
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0 votes 4 answers Share Flag
Tue Jun 11, 2013
Gail Gladstone answered:
Town of Babylon is really tough on C of O's. If you ended up purchasing without them and got away with it, you would have a real headache when it came time to sell. Also, it will definitely affect your taxes.

If you really love the house, investigate with the town what will be incurred in both time & money to correct the situation and what the tax impact will be and then deduct that amount from your offer.

the other option is see if they will do an escrow closing. You will take on the headache of the C of O's, but a certain amount of $ will be held in escrow and not released until everything is approved, no further work is necessary and the permits are received.
... more
0 votes 4 answers Share Flag
Wed Jul 29, 2009
Franklin Blacker answered:
A notice of foreclosure is the legal means a lending investor notifies the mortagee that they are in default of their note. It can take anywhere from 12 to 24 months before the home will go to auction. National Policies, are in place as we speak to help most home owners avoid losing their home. If the homeowner acknowledges that they choose not to keep their home, they have the ability to sign over the home in lieu of foreclosure and allow title to transfer to another owner. This process, with the cooperation of the mortgagee can be accomplished rapidly, probably within a few months. ... more
0 votes 1 answer Share Flag
Mon May 5, 2014
Brian answered:
thats a hard one to answer, there are so many things that can afect the contract price. If you are looking to put an offer on the house just go on line and look for a home that is in that area and is as close to the one you want to buy and see what they are selling for! good luck!! ... more
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