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Brooklyn : Real Estate Advice

  • All323
  • Local Info56
  • Home Buying117
  • Home Selling12
  • Market Conditions13

Activity 155
Wed Mar 26, 2008
Sal asked:
25 years experience contrctor/builder looking for investors interested in realizing a condo development in brooklyn...email at turi2603@gmail.com
0 votes 0 Answers Share Flag
Tue Aug 5, 2008
John Youker, Broker answered:
It seems to me that would be a matter of opinion; and my opinion would be whichever one re-sells faster and better! We do not have co-ops in our area, so I would say a condo, but in your area, it may be different. I would get with a local real estate professional - a Realtor - and have them help you analyze which would be better. I hope this helps! ... more
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Wed Mar 26, 2008
Jeff and Ginny Mitchell answered:
When the building rules (this is very likely a coop) prohibit purchasing with a mortgage, they are likely they attempting to exclude potential buyers without the cash to buy the apartment in order to establish the level of financial viability of the coop members. If you have the cash to purchase without jeopardizing your financial well-being, you may wish to proceed. However, we would certainly recommend that you seek the advice of your personal financial advisor who knows your particular situation.

If you are thinking about making a cash offer, we would strongly recommend that you add a contingency to the Purchase and Sale Agreement that states "the property must appraise at or above the sale price" to protect you as the buyer in case the property is over-priced in today's declining market. If the property does not appraise, then you as a buyer may decide to buy or not to buy the property. If this contingency is not allowed, you may wish to have the property appraised before you actually make an offer to purchase. Then you will have a better idea about what price to offer and feel more comfortable that you have made a good decision.
... more
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Thu Mar 13, 2008
Mary Starkey answered:
If you can pay $10,000 down then you may want to talk to a mortgage consultant about doing a conventional loan. They typically will have a lower interest rate than an FHA.
0 votes 1 answer Share Flag
Wed Mar 26, 2008
Jim Winters answered:
Hi Bubs,

It doesn't sound too high, but I would need some more information. For instance, approximately where in Prospect Heights is the apt. located?; what is the square footage?; Is it a co-op or condo?; how many total units are in the building?; is their any outdoor space?; is their laundry in the building?; is their a full or part-time super?; is their a doorman?

Something else you may want to try is doing a search in Trulia for all 2 bedrooms in the same zipcode as this 2 bedroom apartment. Trulia will list for you a number of comps and will also calculate the median price per square foot.

Good luck,

Jim
... more
0 votes 2 answers Share Flag
Tue May 6, 2008
answered:
Annalistic approach use your "Buyer Need Analysis"Subject
property needs comparson.
0 votes 3 answers Share Flag
Sat Mar 8, 2008
answered:
Wed Apr 9, 2008
John Youker, Broker answered:
No, it is not required by law, and it is negotiated between buyer and seller. If you want it, ask for it. If it is not on the contract, then it is not included.
0 votes 5 answers Share Flag
Sat May 10, 2008
Allison answered:
I am a FHA loan specialist and I can tell you that HUD is offering a great deal right now on purchasing a foreclosed property. It's $100 down and they will even give you money to fix up the place. My name is Allison and you can call me at my office at 888-898-6001 x 269 if you are interested in more details. My company's name is America's Mortgage Group. ... more
0 votes 11 answers Share Flag
Wed Mar 5, 2008
John Youker, Broker answered:
Are you looking for education on how to sell short sales or how to purchase them? Email me and I will share my short sale packet with you on how I SELL short sales. I have designed a packet that will be compliant with most banks - you may have to re-write some of the info on the banks forms once you make contact, but at least with my packet, you have the necessary info at your fingertips.

Let me know what you need help with and I will help you the best I can.
... more
0 votes 4 answers Share Flag
Wed Mar 26, 2008
Caesar Galindo answered:
Well there are plenty of apartments throught Brooklyn, Staten Island in that price range, now the question is where exactly are you interested to live. If you have any further questions you can contact me here or email me at Cgalindo@ProsperityREG.com, ... more
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Fri Oct 1, 2010
Monir Mamoun answered:
Hi Herwig, you should really check with the local Brooklyn/NYPD police and sheriffs departments for this data. They will have the most accurate information. A realtor can't really give you a fully "legal" opinion on this issue for a variety of reasons related to real estate laws and professional liability.

If you need a referral for a really great agent in your area, please contact me through the trulia form.
... more
0 votes 0 Answers Share Flag
Sat Jun 14, 2008
Jenet Levy answered:
Some of the new developments have had some price drops. That's because some of them were a little too high to begin with. Overall, our Brooklyn market is doing great. If a unit is priced to sellk, it will. If it is overpriced, it will sit around. Are you actively looking? I'd love to help you. Click my photo for contact info. ... more
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Mon Mar 3, 2008
David M. Childress answered:
Sounds like you are recovering. A good mortgage professional can guide you through the steps needed to get ready to buy, even if it takes months. Ask your friends and neighbors for a recommendation. Good luck! ... more
0 votes 3 answers Share Flag
Mon Feb 11, 2008
Don Bush Team answered:
There is a lot to do. I advise to you get a lawyer and Realtor. Perhaps start with the City about zoning, environmental, typical permit costs; and what else they might know. It is possible to co-own any real estate, advisedly with help from the professionals. Good Luck! These conversions are usually good for the community. ... more
0 votes 1 answer Share Flag
Fri Feb 8, 2008
Robert Allen asked:
Mon Feb 11, 2008
Joseph DeVito answered:
Mike Reinhardt ESQ
290 Ave U
Brooklyn NY 11229
718-377-7798
0 votes 2 answers Share Flag
Tue Jul 27, 2010
Blima Gold answered:
Hi,
My name is Blima, from GW Realty,just listed a house in Boro Park on the corner of 53rd Street & 11th Ave. Listed the house on 4/14/2010 in contract 6/16/2010. I service the Boro Park area. Call me at 917-449-3902, so I may see the house, meet with you and give a estimate on the selling price of your house.
Best,
Blima Gold
... more
0 votes 4 answers Share Flag
Thu Jan 31, 2008
Susan Chen answered:
If you can look at the comps in the Neptune area that would help you find out the range. If you need any other help let me know.
0 votes 1 answer Share Flag
Mon Jan 28, 2008
John Anthony Alcantar answered:
Visit www.ColdwellBanker.com to view more photos.
0 votes 2 answers Share Flag
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