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Brooklyn : Real Estate Advice

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  • Local Info56
  • Home Buying117
  • Home Selling12
  • Market Conditions13

Activity 155
Thu Jun 4, 2009
Pam Winterbauer answered:
Kern.....

Try checking with the majors.....Allstate, State Farm, Farmers and The Hardford.
0 votes 7 answers Share Flag
Tue Dec 2, 2008
David B. Leventhal answered:
Hello al
write now most of all the foreclosures are in our MLS system so if you would like to give me more specific please do and I can email you lots of them. Our area of Sarasota/Manatee County accounts for 45% of all foreclosures in the state of Florida. Believe it or not and if not foreclosures short sale also. saying all this you can still find great deals with non foreclosures with eople who have owned for several years looking to sell s do not rule out nonforeclosures. If you like to talk about your options give me a call 941-383-6411
Thanks for your question
David Leventhal
... more
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Wed Feb 4, 2009
The Hagley Group answered:
Fri May 9, 2008
Asim asked:
Great neighborhood. Wonderful building with all around landscaping and inside amenities (viz security cameras and intercom, laundry room, bike room, storage space, onsite super 24 hrs, ...
0 votes 0 Answers Share Flag
Wed May 21, 2008
Alen Moshkovich answered:
Joe.

From what I am hearing alot of buyers are still under the impression that our prices are going to drop even further as month's go by. Some parts of brooklyn will see that, and many others will not, just like in the city. You know what I like to tell them, " What you buy right now, will be a steal five years from now". If buyers have no motivation to buy and are just shopping around for a perfect property that we know doesn't exist, they will take a long while to ever make up their minds and make a purchase. ... more
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Thu May 1, 2008
Bob Kienast answered:
Old Brooklyn and Brooklyn are two different animals. Old Brooklyn is in Cleveland, and I believe goes to Cleveland City Schools. Brooklyn has it's own school district, and the city services there are phenomenal. As far as investment value goes, if you are looking long term there are a lot of undervalued properties in North East Ohio right now. This would be a great time to buy, and then when the market recovers and appreciation kicks in you may have a chance for a good return on your investment.

Many investors are using that area for rehabbing homes into rental units. Especially in Cleveland. Make sure to do a cost analysis on how long it will take you to get your investment back based on what you could get for rent.

If you are considering rehabbing and selling the home just remember that you are getting a good price for a reason, and you have to be realistic about what improvements you make and how much profit you can expect.
... more
0 votes 2 answers Share Flag
Sat May 17, 2008
Jeannine Dyer answered:
Buy low and rent high.. If you have 70k to put down, you may be able to purchase one for cash which will not need much in the renovation department. I have a condo in North Royalton for 39,900 which would be a great investment for a rental no work is needed. Some condo associations have changed their regulations and are grand fathered in and some can no longer be rented. Call me I'd like to help you. 440 341-9100 ... more
0 votes 5 answers Share Flag
Tue Aug 5, 2008
David M. Childress answered:
There are too many to mention here. Most states, cities and counties have first time buyer rates below the norm. The FHA has many programs. Please call a good local realtor or mortage specialist if you know one for all the details. I have finished several deals lately and the clients were extremely happy. It is the best time in your life to buy a home, beleive me! Good luck. ... more
0 votes 10 answers Share Flag
Wed Aug 20, 2008
Jeannine Dyer answered:
Since RE/MAX refers agent to agent and there are no third party fees. RE/MAX has over 100,000 agents and is a worldwide company. I would be happy to connect you with an agent in that area who could certainly help you find what you are looking for. If you would like me to do so, please go to my website and fill in a form for relocation. Our agent in that area would contact you via phone and email and set up all the arrangements to see properties, along with supplying you with info from that particular area. If you have any questions, feel free to call me direct. 440 341-9100 website: jeanninesells.com ... more
0 votes 4 answers Share Flag
Mon Apr 28, 2008
Cynthia McKenna answered:
You are allowed to bid whatever it is that you would like to bid. Keep in mind that the bank is looking for the highest and best price that they can get. If they have an appraisal that states the home is worth more than your offer, they will not accept your offer. They may counter offer your original offer. Please remember that bank owned homes are sold 'as is', so make certain that you know what repairs you may have to make to the home. ... more
0 votes 1 answer Share Flag
Thu May 22, 2008
David Williams answered:
Gina,
I would be happy to assist you in your search. I tend to specialize in the Lakewood, Parma and Brooklyn areas. Feel free to call me at 216-276-4297 or visit my website below to send an e-mail. ... more
0 votes 5 answers Share Flag
Wed Apr 23, 2008
Cheryl Hutchinson answered:
Yes. You may have a pre-payment penalty within the first two years. Check your mortgage documents to see. After the penalty time is up, look at what your rate is versus what current rates are and when you might be selling. These are important factors to consider. If you have not consumated this 10/1 arm, you might be better off getting a fixed rate now, since they are incredibly low right now. Rates seem to no where to go but up from here. If you have to move when rates are up, then you will be stuck. If you think you will stay put, then you should get a fixed rate. ... more
0 votes 1 answer Share Flag
Tue Sep 16, 2008
Leanne Smith answered:
Hi Saad, yes by all means you should get an agent. Buying your first house can be a real roller coaster ride. You need to find an experienced agent to help you and protect you from potential pit falls. Usually the agent is actually paid through the commission pre arranged with the seller. I would contact Real Estate agents in your area and just ask them if there are any fees. ... more
0 votes 16 answers Share Flag
Wed May 21, 2008
Gerry Vazquez answered:
Kat, I can't help you but I'm sure one of my Brooklyn colleagues could. Email me at vazquezgerry@yahoo.com and I'll put you in touch w/a Douglas Elliman agent that specializes in finding condo/coops for Manhattan migrants. Gerry ... more
0 votes 3 answers Share Flag
Wed May 21, 2008
Alen Moshkovich answered:
Jae I'm confused. You can afford to purchase 1-4 Units in Bulk, but you can't afford a co-op or a condo? Im sorry what is your budget for this purchase you'd like to make?
I think we should absolutely talk about this, I will actually have a building listed in the next day or two, it has 6 remaining units in a good area where most people rent, and we can possibly make some sort of a deal once I'm a little clearer on what type of #'s we are working with here.

Send me an email Jae with some specifics. And btw buying in Bulk works very well for many buyers, here in the city many of the foreign buyers buy in Bulk and rent the units out, so it's very common.

Looking forward to speaking with you
... more
0 votes 1 answer Share Flag
Mon Jun 30, 2008
Jenet Levy answered:
This is a fabulous new development. There are also a lot of other terrific new developments in Park Slope, Fort Greene and surrounding areas. Also bear in mind that when you are the first owner of a new development unit you pay the transfer tax. If you'd like to explore other new developments, or re-sales to avoid the transfer tax, I'd be happy to help you. You can click my photo and give me a call. ... more
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Tue Apr 8, 2008
Antonio Rosario asked:
Wed Feb 4, 2009
John Youker, Broker answered:
I have been doing short sales quite regularly since the foreclosures have been on the upswing in the past 6 - 8 months and have had a moderate level of success - about 90% acceptance rate. They are not as difiicult to work as many people think they are, it is just getting the correct information on how to put a package together to send to the bank.

I have been through some coaching and consulting for short sales and that is what helped me tremendously. I would reccomend a coaching program to help you out.

Let me know if you have specific questions; I will see what I can do to help.
... more
0 votes 5 answers Share Flag
Fri Mar 28, 2008
Corey asked:
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