Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Nassau County : Real Estate Advice

  • All147
  • Local Info9
  • Home Buying82
  • Home Selling8
  • Market Conditions6

Activity 1,106
Fri Aug 5, 2016
Javier Meneses answered:
We have a reduced doc loan product available. It is for self-employed borrowers and it'll require a 25-30% down payment and 12 months reserves. Other than that you're left with the traditional conventional and FHA loans, were they both check all income documentation.

If you want to further discuss, feel free to contact me.

Javier Meneses
NMLS #23130
Senior Loan Officer
Sterling National Bank
jmeneses@snb.com
(516) 606-9648
... more
0 votes 20 answers Share Flag
Tue May 6, 2014
Johnathan Kenyon answered:
Thanks for the question. I would suggest that you visit the house during the times school lets in and out and see what you think. That is definitely something to take into account during your due diligence. I would say an upside, this is me as a parent, you would be able to watch your child go to and from school.

I live behind a school and i actually like the sounds of kids playing sports and the traffic is not to bad. I am in Georgia so I do not know your area, but you can research traffic and physically visiting is the most important thing.

Good Luck!

Johnathan Kenyon
Heather Murphy Real Estate Group
Keller Williams Coastal Area Partners
o. 912-356-5001
c. 912-665-2941
f. 912-356-5101
e. johnathankenyon@gmail.com
... more
0 votes 9 answers Share Flag
Thu Feb 14, 2013
Payment Plan Broker answered:
Hello,

Finding an apartment can be a quite challenge, but it doesn't have to be a costly challenge.

Enjoy the benefits of working with a knowledgeable local broker, without having to pay a broker-fee; at least not right away.

Find out more by calling our message-only hotline:

DIAL: (718) PAY-PLANâ„¢
(718) 729-7526

Payment-Plan Brokerâ„¢ Network Covers:
NYC *manhattan *bronx *riverdale *brooklyn *queens *staten island
... more
0 votes 4 answers Share Flag
Wed Feb 20, 2013
Ron Thomas answered:
If the VALUE of your asset was going up, on a daily basis, how eager would you be to DISCOUNT it?
0 votes 7 answers Share Flag
Fri Feb 8, 2013
CamilleD answered:
Hi vkp611,

Yes, you do have to have very good credit. But if your credit is just shy of being

good, you can offer to pay two month's security instead of the one month and that


sometimes shows the landlord you are serious.

This way if you fall behind they have two month's security instead of one.

Another way is to get someone to say if you don't pay the rent, they will pay it, like

a guarantor. It is tough, especially in today's climate.

Good luck,


Camille Dandola
C21 American Homes, Levittown
... more
0 votes 2 answers Share Flag
Fri Feb 8, 2013
Anna M Brocco answered:
0 votes 2 answers Share Flag
Tue May 12, 2015
John Weber answered:
Hello. There is no accurate way to answer that question without knowing which area of Long Island you would be looking in, the size of the home, size of the property, amongst other things. If you are looking for help in finding a home on the Island, give me a call and I would be happy to assist you.

John A. Weber IV, Associate Broker
Bayview Estates Realty
(516) 777-0146
... more
0 votes 2 answers Share Flag
Tue May 14, 2013
Javier Meneses answered:
There is a big difference betweent the two. When buying a co-op, you're actually purchasing shares of a corporation, which translate to a lifetime lease on the co-op unit. You do not pay real estate taxes on a co-op but you typically pay a higher monthly maintenance fee compared to a condo unit. Co-op boards can reject you even though a bank can approve you for financing. They can also dictate what your minimum down payment has to be, typically 15-20%.

A condo is real property. You'll pay taxes and maintenance (also known as homeowner dues). The condo will not set a minimum required down payment but they will sometimes review your financials and credit as well. The down payment amount is determined by your lender.

In both co-ops and condos, your lender will review the board's financials. Co-ops must be approved and condo's financials must meet Fannie Mae's guidelines.

You should always allow your Loan Officer to look into the co-op or condo you're interested in pursuing to make sure they meet all requirements. This way you don't tie yourself into a deal for months and it doesn't even work out!

It's a simple as the way Josh described it below. Homeowner's insurance, is your hazard insurance. The lender requires that you carry a hazard insurance policy to cover yourself and the lender from most physical damages to your property. You elect the company from whome youd like to purchase hazard insurance from.

Private mortgage insurance is a totally separate policy that your lender obtains to protect a percentage of the loan amount, again protecting the lender.

Javier Meneses
NMLS #23130
Senior Loan Officer
Sterling National Bank
jmeneses@snb.com
(516) 606-9648
... more
0 votes 7 answers Share Flag
Tue Feb 19, 2013
Marshall W. Myers answered:
A condominium is a property where the buyer is actually purchasing real estate-you receive a deed which represents that particular unit as well as a percentage of the common areas. A coop is a form of real estate ownership where the purchaser receives at the closing a stock certificate which represents the amount of shares in the corporation that owns the real estate, as well as a proprietary lease for life of that particular unit. In either case, whether condo or coop, the units may sold or given to heirs. A coop buyer is typically required to put down 20% of the purchase price, and the transaction must be approved by the management company and the coop board. ... more
0 votes 7 answers Share Flag
Sat Feb 9, 2013
Shanna Rogers answered:
H Kbrown130,

If you are not paying all cash, get your pre-approval first. This lets you know what price range you should be looking in. Also, when you submit an offer, most (if not all) sellers want you to submit your pre-approval letter with the offer. So, if you don't have that available, you may lose the property to another buyer while you're waiting to get it.

Good luck.

Shanna Rogers
SR Realty
www.RealtyBySR.com
... more
0 votes 16 answers Share Flag
Thu Jun 19, 2014
Imani Johnson answered:
It depends on a couple of factors. If you are looking for an apartment in a building with a management company, then chances are the management company will reject you for an eviction on your record. However, if you have steller credit and good income certain management companies might allow it. My best advice is to try a private land lord. And if the eviction comes up, land lords are almost always persuaded by money. So if you offer something like 3 or even 4 months up front plus security, most likley they'll look the other way. It's the old saying... "money talks". ... more
0 votes 5 answers Share Flag
Thu Nov 3, 2016
Anna M Brocco answered:
If the seller wishes to counter offer, yes....you really should be asking the agent your question...
0 votes 10 answers Share Flag
Thu Apr 25, 2013
Dan Tabit answered:
Shannon,
It sounds like you are doing all you can. No one can know the mind of an underwriter, but if they provided the conditions and you meet them, they are likely intending to fund the loan if they like your response.
Congratulations on your raise, but I doubt that will assist you. Lenders only consider income with established history.
... more
0 votes 6 answers Share Flag
Wed Apr 10, 2013
De Vonte Williamson answered:
Hi Steph. Feel free to check out www.mlsli.com. You can also check out local newspapers and other print ad. Maybe, word of mouth? Always make sure that you verify ownership whenever exchanging money, especially if you use a service like craigslist. If you need assistance in your search, please feel free to give me a call.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.


Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
(631)384-3695
http://cbmoves.com/DeVonte.Williamson
http://devontesellsny.wordpress.com/
http://www.facebook.com/ISellNY
DeVonte.Williamson@cbmoves.com
... more
0 votes 4 answers Share Flag
Sun Feb 2, 2014
Sarah answered:
I am trying to find the answer to this exact question myself. So far I continue to find the answer "no" :(
0 votes 1 answer Share Flag
Mon Jul 29, 2013
Lenore Carter answered:
I'm seeking two apartments...1 bedroom and a 2 bedrooms(section 8)
0 votes 2 answers Share Flag
Sat Feb 2, 2013
Roberta Gershon asked:
I think both landlord and realtor should know whats required before taking and approving tenanants then asking for $ upfront
0 votes 0 Answers Share Flag
Sun Feb 3, 2013
Anna M Brocco answered:
If you are referring to STAR see link below; also consider contacting the local tax assessor's office with any questions you may have....keep in mind that taxes can also be grieved..... http://www.nassaucountyny.gov/agencies/Assessor/GeneralInfo/faq.html ... more
0 votes 4 answers Share Flag
Sun Nov 23, 2014
Ron Thomas answered:
Obviously, a Golf Course house is not appropriate for you.
They are for many people, and just like waterfront property, there aren't enough to go around.
0 votes 7 answers Share Flag
Thu Jan 31, 2013
Ellen Caruso answered:
There are 3 grammar schools on the North Shore district, Sea Cliff, Glen Head, and Glenwood Landing.
All three are located in residential blocks with lovely property, playing fields, and playgrounds. These 3 grammar school fold into the 1 middle school grades 6-8, and the high school is 9-12.

I have 3 children myself who all attended the North Shore Schools and went on to good colleges and pending careers. You can call me if you want more info.

As for Catholic Schools, we have All Saints Regional in our area. This is for K-8. This past week they had an open house, however, I'm sure they will show you around any time if you are interested.
... more
0 votes 2 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice
Search

Followers

219