Home Buying in New York : Real Estate Advice

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De Vonte Wil…, Real Estate Pro in East Point, GA
De Vonte Williamson answered:
Who can help me contact Deutsche bank national trust company to make an offer on a foreclosure?
Good Morning Ronald. Congratulations on your decision to buy a home. It is an excellent time to do so. To answer your question, we will need to know if the property is currently on the ... more
0 votes Share Flag Thu May 22, 2014 Home Buying in New York
James Furlong, Real Estate Pro in Brookline, MA
James Furlong answered:
Inventory in NYC
It is the same in many locations. First time home buyers are still wary of taking the plunge and are staying on as renters. There is an influx of new renters from the ranks of those who ... more
0 votes Share Flag Sun Nov 11, 2012 Home Buying in New York
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I've been denied Homeowners Insurance because of structural needs of the property; cannot get loan if cannot get insurance. where do I go from here?
If the Inspection found something unacceptable,
You will have three choices; negotiate with the Seller, Accept it As-Is, or walk away,
That is, assuming that you have Contingencies in ... more
0 votes Share Flag Wed Oct 31, 2012 Home Buying in New York
James Furlong, Real Estate Pro in Brookline, MA
James Furlong answered:
What is Your Average List-Price-to-Sales-Price Ratio?
Not sure that LP/SP ratio tells us anything about Sales Volume. Can be used (somewhat) to gauge the track of future sales prices.
0 votes Share Flag Wed Oct 31, 2012 Home Buying in New York
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
WHERE TO GET FINANCING FOR INVESTMENT IN A CO-OP?
Usually the co-op itself will have several recommended lenders. Otherwise, you're going to get very frustrated finding financing.
0 votes Share Flag Fri Nov 2, 2012 Home Buying in New York
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
What is it with people in the US? Why is everybody a skeptic? Is it very unusual to ask a homeowner here to rent with the option to buy?
While Lease/Option is not usually a SCAM, it is one way that Seller can take advantage of a Buyer:
Most Buyers are not aware of the pitfalls involved.
There are no standard forms, nor ... more
0 votes Share Flag Wed Nov 7, 2012 Home Buying in New York
Rich Homer, Real Estate Pro in NAPLES, FL
Rich Homer answered:
I need a co-signer for a Morgage loan for approximitey $ 300,000 for a home
Best to engage a local Real Estate Broker right away by clicking "Find a Pro" in the green menu bar above. http://www.naplesrealestateguys.com/
0 votes Share Flag Wed Nov 7, 2012 Home Buying in New York
Elena Ravich,…, Real Estate Pro in New York, NY
Elena Ravich, Esq. answered:
Looking for a full 1 bdrm condo for a cash buyer on the UWS or Midtown West under $820K with cc & tax under app. $1600. Have shown everything listed
Good luck with your search, Jolie! Inventory is low in Manhattan, especially after the summer. I had a similar problem - ready and willing cash buyer and not much available to show.
0 votes Share Flag Sun Oct 21, 2012 Home Buying in 10023
Weichert Rea…, Real Estate Pro in Bronx, NY
Weichert Realtors House and Home answered:
Which suburb should we move to?
Hi Donghoaithanhvn,

Have you considered Riverdale? It is not quite the suburbs, and not quite the city. It is a wonderful, happy medium. I think you could be very happy here and t ... more
0 votes Share Flag Thu Oct 25, 2012 Home Buying in New York
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
Can i somehow pursue seller to refund my expanses due to their error and inability to complete the deal?
Did the seller not have title insurance? That should have paid to have all title work cleared up. Unfortunately seller could not produce clear title and you hired a lawyer. I would thin ... more
0 votes Share Flag Mon Oct 22, 2012 Home Buying in New York
Trulia, Other/Just Looking in San Francisco, CA
Trulia answered:
Moving to New York- need help choosing a neighborhood!
Hey Eric,

I would recommend checking out Trulia's market trends to learn a bit more about how the neighborhoods differ: http://www.trulia.com/real_estate/New_York-New_York/market-tre ... more
0 votes Share Flag Mon Oct 22, 2012 Home Buying in New York
Fern Hamberg…, Real Estate Pro in New York, NY
Fern Hamberger answered:
Whats the best procedure to buy a sponsor unit and keep it a sponsor unit?
Hello Stephane,
When you buy a sponsor unit, it will no longer be a sponsor unit. Once a sponsor unit is sold for the first time, it becomes a resale for the next one buying it. As a s ... more
0 votes Share Flag Mon Oct 22, 2012 Home Buying in 10023
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
I want to retire in NYC. Is it at all wise to take out my first mortage at age 62?
Visit with any licensed loan officer and check out your options....
0 votes Share Flag Sun May 12, 2013 Home Buying in 10014
James Furlong, Real Estate Pro in Brookline, MA
James Furlong answered:
Hi, My husband got a call from the bank saying he is "Clear to Close"
"Clear to close" usually means you are all set and the closing date should be soon. The time will vary from lender to lender as they need to prepare the closing documents.
0 votes Share Flag Mon Oct 15, 2012 Home Buying in New York
Janet Nation,…, Real Estate Pro in Baldwin, NY
Janet Nation, CBR answered:
Does anyone have a quick guide for commercial RE in NYC?
You should be able to get that guidance, training, mentoring from your broker and not from competing agents on this forum.
0 votes Share Flag Sat Oct 13, 2012 Home Buying in New York
jmincheff,  in New York, NY
jmincheff answered:
Found an empty 2 story bldg. Cannot locate owner How 2 find them?
Property Shark or tax records, Dept of Finance website. Still need help? Call me. Joyce MIncheff, Corcoran, 917-517-8572
0 votes Share Flag Wed Oct 10, 2012 Home Buying in Lower East Side
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
how long do you have to vacate the property when it is put up for short sale?
Usually you have to be out before it closes. For the average short sale, it takes 60-90 days from start to approval, once yolu get approval you will be given 30 days to close, at that t ... more
0 votes Share Flag Wed Oct 10, 2012 Home Buying in New York
Susan Vander…, Real Estate Pro in Lake Elsinore, CA
Susan Vanderburgh answered:
How much reserves are required if you put 25% down on a 30year loan for a 3 family under a conventional loan?
In California, from the transactions I've done, we look at 6 to 8 months, depending on the credit score, length of employment and other underwriting criteria of the investors.
0 votes Share Flag Fri Oct 12, 2012 Home Buying in New York
Arthur Golden, Real Estate Pro in New York, NY
Arthur Golden answered:
ROI of rent condos in Manahattan, buying the condo in cash?
This is not an easy question to answer but I'll try to answer and keep it short and simple. If you'd like to discuss in detail, please contact me.

Your ROI should start at about 3% b ... more
0 votes Share Flag Wed Oct 10, 2012 Home Buying in New York
Nicci Fritzi…, Real Estate Pro in Lehighton, PA
Nicci Fritzinger answered:
Should I go into a contract to purchase when the housing inspector says that the current roof needs to be replaced?
When you reply to inspections you can request that the home owner do the work to the roof before you buy it. Or you can request that the price be adjusted due to the roof needing to be ... more
0 votes Share Flag Tue Oct 9, 2012 Home Buying in New York
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