I would get pre qualified soon and get in touch with a local Real Estate expert. If you would like I could put you in contact with a Realtor in the area and they can guild you through the home buying experience. Send your info and what you are looking for in a home to Tjackson@c21mm.com
Century 21 M & M Associates
Sure, you can offer anything that you want. The bank has an idea of what they want, and they may not consider your offer. The nice thing about a bank is that you don't need to worry about hurting their feelings. However, if the competition is stiff, you may be outbid by another party.
If the bank is asking more than what a property is worth, you might consider lowering your offer if an offer is rejected and several weeks pass and the property is still on the market.... more
Are you sure it's the agent & not because it's a short sale? We find that many buyers are unfamiliar with the short sale process & want to know answers right away, which doesn't happen with short sales. You can wait weeks/months to get an answer so patience is key.... more
Developer and builder contrcts often have different terms than we normally see in standard State Board approved purchase agreements, so depending on how your sales contract is worded, you may or may not have an easy time trying to extricate yourself from the sale. Most of the time, an inspection issue can be ground for terminating the contract, but only a qualified real estate or contract attorney will be able to advise you properly on your options in this particular transaction.
Take a few minutes to find a qualified attorney (or speak with your Realtor to get the names of attorneys in your area) before deciding what you might want to do next.
Grace Morioka, SRES, e-Pro
Area Pro Realty... more
i suggest you contact a local agent who can guide you through this process. your agent can arrange a showing and provide comps which will help you determine whether the property is over priced or not. An inspection can't be scheduled until after you have an accepted offer--otherwise you would be trespassing. After you have an accepted contract--your lending institution will order the appraisal.... more
Considering the new FHA loan limits in New York and the very reasonable 3.5% down payment requirement, your down payment amount seems very reasonable. As long as your income and credit supported the approval of the loan amount you want to borrow, then you should be okay to move forward. You will probably need a good % of seller concessions for closing costs though as those can be quite high in New York.
If you have any questions about qualifying for a new mortgage, please feel free to call me.
What is your question? Are you searching for a buyer agent to help in your son's transaction? If so, I can refer an agent who specializes in the brooklyn area. We have a large referral network through my company and have have a local professional contact you asap. You can contact me through my profile.... more
You may not be able to find out online. It depends on the town tax office ... if they are online ... you can get it.
Probably the best (and easiest) is to call the tax office in the town of your prospective house. Ask for the total true taxes both town and county as well as school and they'll be able to get those for you.
If this is going to be your promary residence ... you may qualify for the STAR rebate and you can ask them that amount at the same time.
You generated this question because you suspect you should use a different lawyer......and we would agree. Doing so will keep it cleaner and remove any doubt later that your interests were not represented best.
There are plenty of attorneys out there, it's a matter of making the effort to identify the right one.