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Home Selling in Brooklyn : Real Estate Advice

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  • Local Info198
  • Home Buying938
  • Home Selling89
  • Market Conditions34

Activity 154
Wed Apr 10, 2013
Anna M Brocco answered:
Consult with your attorney, he/she can better advise as to options....
0 votes 5 answers Share Flag
Tue Apr 9, 2013
Edith Karoline Jasser answered:
Chris are you the owner/seller or are you a Realtor?
If you are the property seller, I would suggest you connect with an experienced Realtor familiar with your area of Canaan Vermont. And also one who is familiar with large acreage.... That Realtor will not only have the means and expertise to market the property right, but also price it right for the area and in today's market. If you would like me to forward a Realtor Recommendation to you, I gladly do so via e-mail, just get back to me....

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties ---- EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 2 answers Share Flag
Tue Apr 9, 2013
Anna M Brocco answered:
Unfortunately since none of us is involved in the transaction, impossible to say what's going with your buyer and his/her mortgage, what is your agent and or attorney advising....
0 votes 3 answers Share Flag
Thu Mar 12, 2015
Anna M Brocco answered:
Contact a few local agents from different realty companies and ask for a cma, comparative market analysis; review the data, ask opinions and go from there; generally cma's are provided free of charge, or consider hiring a professional appraiser... ... more
0 votes 14 answers Share Flag
Sat Mar 16, 2013
Madeline Padovano answered:
Hi Atan - remember the coop attorney is looking out for the coop..I would suggest that if you
both agree that you at least get one attorney for the two of you. at least it appears that somebody
is looking out for you. Remember penny-wise-pound foolish. Any attorney usually only charges
$1200.00. Better safe than sorry. Good Luck
... more
0 votes 7 answers Share Flag
Mon Oct 14, 2013
Mitchell Feldman answered:
Dear deemohammad:

I have a bunch of investors looking to purchase properties all cash. Please contact me direct as soon as possible and I can bring them to you right away.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 19 answers Share Flag
Tue Aug 20, 2013
Tammy Benkwitt answered:
Interior: vanilla, linen, light and bright is the rule of thumb.

Many home exteriors are vinyl or aluminum and can't be painted. But they can be power washed. Clean up all debris and landscaping. Cut back trees and shrubs. ... more
0 votes 7 answers Share Flag
Thu Oct 2, 2014
Tina Lam answered:
As with anything in real estate, if it looks good, then it'll add to the desirability of a house. Well maintained fruit trees add a lot of value in prime neighborhoods.
0 votes 8 answers Share Flag
Wed Mar 6, 2013
allan erps,ABR,SFR answered:
Do you have a lease, does the tenant and or new Buyer want each other?? Usually the Contract will state what needs to happen in order for the home to change hands.
0 votes 13 answers Share Flag
Sun Feb 10, 2013
Jacques Ambron answered:
As long as the purchaser is paying it really doesn't matter, but it would make the most sense for the seller to order it so that they can arrange for payment.
0 votes 4 answers Share Flag
Mon Jan 28, 2013
Mitchell Feldman answered:
Dear Erin:

Did you list your home with a real estate agent? I have been selling homes in Brooklyn since 1993, usually when I list a house I measure all the rooms to make sure I have the correct square footage. Normally I would not include the garage as living space.

Quite often real estate agents take a guess-timate of the square footage and/or copy the number from public records. The problem is that these numbers are not always correct. If you feel that the numbers your agent used for the square footage are incorrect, you need to fix that. If the buyers are told a bigger square footage than the property actually is, the buyers a) will feel mislead with inaccurate information or b) if you make a deal and the buyers find out after the fact that the numbers are incorrect, it could kill your deal.

Either way, you should make sure the square footage numbers are accurate. If you need further assistance, feel free to contact me direct. I would also like to find out more about your home, who knows, I may have a good buyer for you!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 3 answers Share Flag
Mon Jan 28, 2013
Javier Meneses answered:
Erin, this all depends on what type of financing you're obtaining. If the house is simply outdated and you wish to have a more modern kitchen or such upgrades, a bank will approve it. If there are obvious repairs that the house needs in order to be habitable, you'll only get approved if you're doing a 203(k) loan. The 203(k) loan allow you to borrow for the cost of the house plus the amount needed for the repairs (better known as rehab cost). You'll need aminimum of 3.5% down payment. This loan does require that the repairs are done by a licensed and insured contractor along with necessary documentation.

As far as inspections, it all depends on what repairs the house needs and what the total cost of repairs is. It's possible that the bank will require a HUD consultant to inspect the house. No bank will require you to do a engineer inspection, though it is strongly suggested. Aside from an appraiser, this is pretty much it!

If you're in need of a Loan Officer, I'm always available. Good luck!

Javier Meneses
NMLS #23130
Senior Loan Officer
Sterling National Bank
jmeneses@snb.com
... more
0 votes 5 answers Share Flag
Sun Jan 5, 2014
Luke Constantino answered:
Hello Amy,

A good Realtor would have called beforehand and asked you this question. This is something that is totally up to the FSBO (For Sale By Owner) in charge. The FSBO is not obligated by the FSBO to pay anything unless there was an agreement between them and the Realtor beforehand (In writing)

FSBO away! I wish you luck.
But it's always best to go with an experienced Realtor.
They get you the highest price... That's their job. ;-)

Luke Constantino
Realtor
Douglas Elliman RE
M: (212) 300-3919
F: (917) 369-2690
lukeconstantino@elliman.com
http://lukeconstantino.com
325 Court Street, Brooklyn, NY 11231
... more
0 votes 17 answers Share Flag
Sat Jan 26, 2013
Mitchell Feldman answered:
Dear NYCBrowser:

In order to answer this question properly, we need more details. Repost the question with more details or contact me direct and I would be more than happy to advise/assist.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 4 answers Share Flag
Thu Jan 24, 2013
Mitchell Feldman answered:
Dear NYCBrowser:

When a homeowner actually lists with a real estate broker the agents are protected because they know if the property sells within the time frame of the listing agreement they will be paid a commission. This is called an exclusive right to sell. The agent does not have to worry about the perspective buyer and homeowner attempting to make a deal behind the agents back to avoid paying a commission.

If you truly want to sell the property yourself, you should just do it yourself and do not allow real estate agents to show the property. If you are going to allow agents to bring in buyers and are also willing to pay them a fee if they bring you a good buyer or deal, you should just forget about doing the "for sale by owner" thing and just list it with an agent and pay the fee.

There are two reasons why I say this... 1) It is a statistically proven fact that homes listed with a real estate agent get significantly higher sales prices (up to 5-10% more) which justifies the agents fee and 2) if you are going to pay a fee anyway, when you list you get so many more benefits in addition to the agent simply bringing in a buyer. These benefits usually include but are not limited to newspaper and Internet marketing, placement on the Multiple Listing Service (MLS... if you do not know what this is call me please) and the highest level of exposure you can get. Higher exposure equates to higher sales price! People that really know about real estate know this is all true.

Keep in mind that all real estate agents differ in the ways and extent to which they market properties and some are better than others. If you do list just make sure the agent has a specific marketing plan for your property and offers some kind of guarantee of service.

I am a licensed real estate agent in Brooklyn and I would love the opportunity to help you and also I would like to find out more about your property. Please contact me direct and I can offer you more advise that will be helpful. Either way, good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 3 answers Share Flag
Thu Jan 10, 2013
Mitchell Feldman answered:
Dear ssaq111:

I have many thoughts on your ideas here. First of all I do not think you should place the house on the market until you are actually ready willing and able to sell. Your strategy sounds like an experiment rather than someone who actually wants to sell their home. What are you going to do if you get lucky and get a really great offer, are you going to sell the house? If that is the case, just go into it with the mind frame that you are going to sell now.

If you just want to ask a high price to "test the waters" so to speak, you may be shooting yourself in the foot. You see, when the house sits on the market for too long it will get stigmatized in a negative way. People will think that there is something wrong with it and/or the price is just WAY too high. Once that happens, even if you take the house off the market and put it back on, rest assured, people, especially real estate agents will remember it and the negative stigmatization will still come into play. Or worse yet, they will see you lowered the price and think you are desperate.

Besides, if it turns out you do not sell, you will not be able to tell how the market will change during the course of a year. Just because you did or did not get certain numbers now, does not mean you will or will not in a year from now. There have been times in the history of real estate where market values would increase or decline by 10% or more within the span of a year. As a matter of fact, many areas hit hard by Hurricane Sandy are experiencing massive depreciation right now which will probably taper off once things get back to normal in those areas. As another example, interest rates on mortgages are at an all time low right now. A 30 year fixed mortgage carries an interest rate that is a full 1% less than it was a year ago. That give the buyer more purchasing power. A year ago a 30 year fixed mortgage for $500,000 would have cost a qualified buyer about $2,460.00 per month, with today's rates that same mortgage would cost $2,175.00. That gives the buyer $65,000.00 worth of additional buying power!

If you like to gamble, maybe your idea is worth while. I would dare to say that a better idea would be to have a (or several) real estate agents who specialize in your area come into your home and give you an estimate of its value. While this is being done the agent(s) will also show you similar homes that have sold in the neighborhood as of late along with home that are currently for sale. This will give you an idea as to where the market is at and how much you can potentially sell for. Then you can decide if you prefer to sell it now or if you want to wait.

I have been selling homes in Brooklyn since 1993 and would love the opportunity to discuss this with you further and/or assist you with selling. Please feel free to contact me at anytime. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 5 answers Share Flag
Tue Jan 8, 2013
Michael Dvorkin answered:
I would be happy to assist. If you send me the address and your contact information I would be happy to send you a free comparative market analysis.

Best,

Michael Dvorkin
mjdvorkin@gmail.com
917-334-8990
Charles Rutenberg LLC
Licensed Real Estate Salesperson
... more
0 votes 5 answers Share Flag
Thu Jan 23, 2014
Coldwell Banker Shayovitz Realty answered:
Tue Jan 8, 2013
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed, you can however try blogging about the property; if and when you do list with an agent, he/she can post it for you; or consider any flat fee realty company that feeds into the site. ... more
0 votes 5 answers Share Flag
Tue Dec 4, 2012
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed, you can however try blogging about the property; if and when you do list with an agent, he/she can post it for you; or consider any flat fee realty company that feeds into the site. ... more
0 votes 11 answers Share Flag
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