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Flatlands : Real Estate Advice

  • All40
  • Local Info3
  • Home Buying12
  • Home Selling0
  • Market Conditions4

Activity 14
Fri Jun 16, 2017
Katherine Pontone answered:
This is a 340 unit complex called Fillmore Gardens which is 100% co-op. . This Garden Apartment complex was built in the 1960's. Coincidentally, some of the original owners have reached retirement and have decided to re-locate. These units can not be rented, and the complex has a no pet policy. Some apartments are owned by Estates and, since the heirs are unable to rent, they need to sell. The complex is extremely desirable since it is close to shopping, transportation and is located in a residential area. Every unit comes with the use of a parking area which is located behind the buildings, the maintenance includes gas, electric and heat and the brick buildings and outside areas are well maintained. ... more
0 votes 6 answers Share Flag
Sun Sep 22, 2013
Alison Hillman answered:
Hey Keith-

Have you started working with an agent yet? Check out our directory of agents here:

Hopefully they will be able to help you!

Ali, Community Manager
... more
0 votes 7 answers Share Flag
Tue May 28, 2013
Anna M Brocco answered:
Not sure why your calls are not being returned, however why not simply work with an agent of your own...
0 votes 9 answers Share Flag
Sat Aug 25, 2012
Good afternoon Melissa,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.

Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.

For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."

And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.

There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay. It's a Buyer's Market, after all!

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
... more
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Sat Aug 4, 2012
Anna M Brocco answered:
See link for helpful information.
0 votes 1 answer Share Flag
Mon Jul 23, 2012
Alison Hillman answered:
Hi there-

Are you referring to public transportation?

Would love to help, just need a bit more information!

Ali, Community Manager
0 votes 2 answers Share Flag
Mon Jun 25, 2012
Leigh Ann Cates answered:
I'm sorry to hear that you haven't gotten a response. I make it a practice to respond within 24 hours to emails that I receive and I'm sorry that has not been your experience. If you will tell me what part of NY you are near, then I will try to find a Keller Williams associate in your area that could contact you. ... more
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Mon May 7, 2012
Don Tepper answered:
You'll have to provide either an address or an MLS number.
0 votes 3 answers Share Flag
Tue Sep 28, 2010
Marge Bennett answered:
do you mean an escrow deposit? In Florida we do. Most often the escrow is given with the initial offer to show the sincerity of the buyer. Of course, it is refundable to the buyer if the seller does not accept the offer. ... more
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Fri Jul 27, 2012
Marge Bennett answered:
Most sellers in our market are demanding either proof of funds or a pre-approval for at least the amount of the offer.
0 votes 16 answers Share Flag
Thu Jul 8, 2010
Pat & Steve Pribisko answered:
Yes, but only if the Seller has enough funds to pay the tax lien in full when your transaction is ready to file. No Lender will loan on a property with a tax lien in place nor should you accept an existing lien owed by the Seller, as a Buyer. You need to receive clear title. And, your Lender wants your mortgage to be the first lien. ... more
0 votes 9 answers Share Flag
Thu May 6, 2010
Mitchell Feldman answered:
Dear Lupe:

The first thing you should do is have a professional real estate agent who knows Brooklyn meet with you at your home and give you a formal education regarding buying and selling in today's market. You need to know how much your home can sell for, what types of expenses you will incur on both the sale and the buy and also what type of financing options are available to you with regard to your next purchase.

Once you know how much your home is worth you can prepare a budget and start looking at homes to purchase, at the same time you should put your home on the market and have potential buyers look at your property. By doing this you will have the greatest chance of pulling it off.

I have helped hundreds of homeowners do exactly what you are talking about and I would love the opportunity to help you. Please contact me and we can arrange to meet and I can give you tons of information and great advice that I know you will appreciate. There is no cost or obligation for this initial consultaion.

You want to do this as soon as possible if you want to take advantage of the $6,500.00 tax credit the government is offering to people just like you!

Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Cellular: (917) 805-0783
... more
0 votes 16 answers Share Flag
Sat Jul 28, 2012
Mitchell Feldman answered:
Dear Kenny:

There are several reasons why this could have happened. The most logical reason would be if at one time there could have been one home on all three of those lots and it was developed and subdivided at a later date... they may have had no choice but to add the "A" to give it a legitimate mailing address. If I knew the exact address including the street I may be able to give you a more definitive answer. It may take a little getting used to, but I wouldn't worry about it.

The real legal address of the property is the block and lot number.

Good luck with your purchase!

Mitchell Feldman
Associate Broker
Madison Estates & Properties, Inc.
Office: (718) 645-1665
... more
0 votes 5 answers Share Flag
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