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Home Buying in Dyker Heights : Real Estate Advice

  • All49
  • Local Info6
  • Home Buying18
  • Home Selling1
  • Market Conditions2

Activity 7
Thu Jul 11, 2013
Mitchell Feldman answered:
Dear Amy:

You can do it either verbally or in writing.

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
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Wed Oct 16, 2013
Ron Thomas answered:
That is exactly what Realtors are there for!
Useful information is the Realtor's forte.
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Wed Jul 4, 2012
Michael A. answered:
Hello Karlene, i might be able to help you. Please give me a call.
718-745-5792 or my cell. 313-5901533
Good luck
Michael A.
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Fri Jul 13, 2012
Tina Lam answered:
Buying a short sale house is similar to a regular purchase as you're still making an offer to the seller and hoping yours is the one accepted for a deal. Being a short sale transaction, it just adds an extra step of getting a bank's approval. The listing agent will handle that process and will likely request additional paperwork to be signed. The bank may counter back with a different price than what the seller accepts, but that's due to the bank's determination of how close your offer is to the current estimated market price.

Otherwise, the prior response is a pretty good description of many short sales.
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Tue Jun 21, 2011
Janet Sebile answered:

This is common for most people to need the equity in one home for another. Have a good talk with your Realtor so that you will understand the process in terms of how your contracts need to be structured. As well have a good discussion with your lender to determine such things as when you need to lock your rate, etc. ... more
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Fri Feb 26, 2010
Don Tepper answered:
It refers to type of ownership.

In a coop, each owner owns shares in the corporation. The shares entitle a person to occupy a specific unit. However, the corporation is the owner of the building. And that includes the unit you're living in.

In a condominium, each owner actually owns his or her own unit. In addition, there is a condominium association, composed of all the owners in the condominium. The association will own the common areas--for instance, in a large building that'd include the lobby, the elevators, and the common grounds.

As a practical matter, a coop imposes more restrictions on buying and selling, since the coop (through its board) can make a decision whether or not someone can buy the shares that would, in turn, entitle him/her to live there. In a condo, if you and the seller agree, you just buy the place.

One other point: "Condo" and "coop" have nothing to do with the physical structure of the building. Many people think of condos or coops as tall building, like converted apartment buildings. Some are. But you can have condo or coop garden apartments. You can have condo or coop townhouses. And you can even have condo (and I guess coop) single-family homes.

Both coops and condos can be pretty restrictive in what you can and can't do. It all depends on who's serving on the board. I've lived in a number of condos (no coops), and they've ranged from dictatorial to relaxed. One tip: Make sure you read the rules and regulations and other condo (or coop) documents before buying.

Hope that helps.
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Fri Nov 23, 2007
Jerome Willis answered:
10 Questions to Ask a Home Inspector

1. What are your qualifications? Are you a member of the American Society of Home Inspectors or National Associaton of Home Inspectors?

2. Do you have a current license? Inspectors are not required to be licensed in every state.

3. How many inspections of properties such as this do you do each year?

4. Do you have a list of past clients I can contact?

5. Do you carry professional errors and omission insurance? May I have a copy of the policy?

6. Do you provide any guarantees of your work?

7. What specifically will the inspection cover?

8. What type of report will I receive after the inspection?

9. How long will the inspection take and how long will it take to receive the report?

10. How much will the inspection cost?

Hope this was helpful
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