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Port Washington : Real Estate Advice

  • All64
  • Local Info3
  • Home Buying19
  • Home Selling1
  • Market Conditions0

Activity 30
Fri Aug 30, 2013
Anna M Brocco answered:
Check http://www.mlsli.com or work with an agent; or check local print media for by owner rentals, always verify ownership before exchanging any money, word of mouth, etc.
0 votes 5 answers Share Flag
Thu Dec 19, 2013
Jeff Stone answered:
Hi homebuyer in Port. There are no bad areas in Port Washington, only different sized homes, lot sizes + prices. The best suggestion I could offer you is to use the services of a Realtor that has intimate knowledge of Port Washington. Contact me to further discuss what you're looking for in a home + location. I can help you to see what various locations in Port has to offer you. ... more
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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
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Tue May 6, 2014
Anna M Brocco answered:
In order to determine a value area comps are analyzed--recently sold similar properties in the immediate area--factored in as well, are any extensive repairs...if you need additional assistance feel free to contact me directly. ... more
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Sun Jan 31, 2010
Ralph Windschuh answered:
Larry, If you already have a buyer for your home, your attorney will notify you of all the documents they need to prepare the contract of sale: they will ask for at least the following: copy of your deed, tax bill, survey (if you have one), any COs (certificates of occupancy) for your home. If you have any open building permits (permits where you completed the construction without having an inspection or where you changed your mind and never completed the project). If you do not have a buyer, I would STRONGLY recommend hiring a realtor. Trying to sell on your own would not be at this point in the Spring market would not be a wise financial decision. If you're interviewing agents, I would welcome an opportunity to meet with you. Good luck!

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
... more
0 votes 3 answers Share Flag
Tue May 28, 2013
Edith E. Katz answered:
Dear Mr. Alessandro,
Right now the median price of a home under contract in Port Washington is $707,500. That is down -4.2% from last year at this time.
There are 142 properties available in Port Washington right now. Starting as low as $170,000.
Please let me know if I can assist you in finding the right place.
Sincerely, Edie
516-883-7780 x 218 (office) 516-639-1172 (mobile)
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Thu Oct 8, 2009
Diane Schubach answered:
I'm not sure that there are "so many." There are many more in other parts of Long Island. Are you asking as an investor or are you looking for a home? I'd be glad to answer any questions you may have about a specific property.

Sincerely,
Diane Schubach
Keller Williams of Greater Nassau
917-579-8356
dschubac@optonline.net
... more
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Sat Oct 1, 2011
Allen Bauman answered:
Hi Leo

Not having seen all the data from Deutsche Bank I will give you my impression based on the TIME article you linked to. I would have to say that they are probably correct. Although as estimates are generally adjusted when the actual statistics come out this to will probably be an overly pessimistic guestimate by the bank.
As a NYS Certified Residential Appraiser and licensed agent I watch for these market estimates all the time and they vary to a degree based on the source. But just using the TIME article we can establish some sort of a time line.
The article indicates that the New York market peaked in the 2nd quarter of 2007 which is correct. So the 40 percent decline starts as of that time. The article also indicated that as of the 1st quarter of this year the market had already declined 19 percent(let's use that as an average since decline stats vary from neighborhood to neighborhood). The decline has continued into the 2nd and 3rd quarters but at a diminishing rate since that time period includes the traditional seasonal buying period. So taking that into account the market has already declined by more than half Deutsche Banks prediction. So accordingly the continued decline has another 10-15 percent to go, perhaps.
Please don't be taken in by average numbers. The media is usually late to the party and predictions vary based on how statistics are analyzed. And, with a complex market such as the NY metro area you could make a mistake and miss an opportunity. Buying a home also has many variables to be considered to determine your motivation.
The housing bubble started to inflate on the west coast until it covered the entire country. It has started to deflate somewhat on the west coast and will eventually reach here. What has aggravated and complicated the housing cycle is the toxic mortgage and financial crisis that followed a year later and will continue for several more years.
The current situation also presents opportunities for those capable of availing themselves of them. Currently we have a relatively high inventory of homes on the market. Add to that current and anticipated foreclosures, rising unemployment and a return to more conservative mortgage lending practices and what do you get? You get a very much prolonged recovery in the housing market. The same thing happened in the 1990 bubble that burst. Once prices bottomed they remained flat for approximately 5 years. This time it could take longer. But with government intervention to save our financial system it could work out somewhat differently.
So where does that leave you? If your time frame for living in your new home is short term, under 5 years, then you need to wait. There is no precision in estimating a bottom or recovery in housing or the stock market. If however you expect to stay 5 to 10 years or longer then I would say get out there and find your best deal, negotiate an even better deal and have a barbeque before it gets to cold! Great Neck is a great area. When the market does turn, appreciation should recover quickly there as buyers scramble to avoid missing the bottom.
As an appraiser and an agent I specialize in Nassau and Queens Counties and have done so for over 25 years. If you would like to contact me to discuss some recent stats and trends feel free to do so.

Good Luck!

Allen Bauman
Century21 Yve Realty
Hewlett, NY
NYS Licensed R.E. Agent
NYS Certified Residential Appraiser
516-791-3846
allen.bauman@gmail.com

P.S.: If there are any investors out there reading this response, what are you waiting for? It's a great time to look for multi-family income properties! Let's talk.
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Mon Sep 14, 2009
Ralph Windschuh answered:
On any legal matters, you should consult with your real estate attorney. There are a few questions that need to be answered to give you an accurate and complete answer. Are you currently under contract to purchase this home? Was the fence broken when you went into contract? Did you mention the broken fence in the contract? Does the owner already have a CO for the pool and you want them to come up to the current codes? The answers to these questions will greatly determine the answer to your question. Good luck.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
... more
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Mon Sep 14, 2009
Ralph Windschuh answered:
On any legal matters, you should consult with your real estate attorney. There are a few questions that need to be answered to give you an accurate and complete answer. Are you currently under contract to purchase this home? Was the fence broken when you went into contract? Did you mention the broken fence in the contract? Does the owner already have a CO for the pool and you want them to come up to the current codes? The answers to these questions will greatly determine the answer to your question. Good luck.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
... more
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Mon Sep 14, 2009
Anna M Brocco answered:
Yes, unless negotiated otherwise to cover costs involved--if a mortgage is involved almost all banks do require c/o's; if it's a cash deal and the buyer is aware the onus falls on them. ... more
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Thu Sep 10, 2009
Luke Allison answered:
Leo-
The new conforming loan limits are assigned by the county itself, not a specific region within the county. Currently, there are essentially 2 conforming loan types in Nassau county - Standard and Jumbo. The standard conforming loan limit is $417,000 and the jumbo limit is actually $729,750, not $625,000.
Also, keep in mind that the jumbo loan limit also applies to an FHA loan so you can actually go with an FHA loan in Nassau County for only 3.5% down vs. putting at least 10% down for a conforming loan.
If you have any questions about loan products or rates, feel free to contact me.
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com
... more
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Sun Sep 13, 2009
Anna M Brocco answered:
You should have done your inspection as soon as the seller accepted your offer--why are you waiting--yes the seller can continue to show the property until the contract is fully executed. ... more
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Thu Aug 20, 2009
Jo-Ellen Ashby answered:
First question to address: Is your neighborhood an $800,000 neighborhood? If so, and you love the location, and you love your home, AND you can do it with a smooth-flow of rooms, it could work. Most times selling and buying newer, larger, in a like-neighborhood is the wiser move....IF you can sell your home in today's market for break-even or a little less, you MAY be able to find a fantastic home for the extra $150,000.
Jo-Ellen
... more
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Fri Aug 14, 2009
Abe Mills answered:
The bank will not fund it unless it is a construction loan. If you have cash, I would use the fact that it does not have a C.O. as ammunition for your offer.

Good Luck!
0 votes 2 answers Share Flag
Thu Aug 6, 2009
Diane Schubach answered:
Hi, Newhomebuyer:

I just met last week with a guy who is doing amazing things with home entertainment systems. They offer comprehensive services including design and installation of entertainment, communication and smart home technology. They gave me a complete tour of what they do and I was really impressed. The company is called EnCom Alliance and the contact person there is Steven Engelson - 516-612-3344, www.encomalliance.com. If you contact him, let him know that I referred you.

If you are interested in what is going on in Port Washington, visit my blog site - Port Washington Life. Good luck.

Diane Schubach
Keller Williams of Greater Nassau
917-579-8356
dschubac@optonline.net
... more
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Wed Jul 29, 2009
Anna M Brocco answered:
Contact any Realtor for a list or to see any foreclosures and or short sales.

Anna
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Wed Jul 29, 2009
Anna M Brocco answered:
If you are not familiar with the area, take a day and explore--check out the shops, dine at local eateries, look at parks or anything of interst/importance to you, etc., you'll be happy you did. Unfortunately we as Realtors are not allowed by law to comment on schools, but for accurate information contact the district directly; you may also look at Newsday.com under neigborhoods for area and school information. If you need assistance feel free to call or e-mail.

Anna
917-576-5376
abrocco@laffey.com
... more
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Sun Jan 9, 2011
Diane Schubach answered:
23 minutes isn't right. Express times are 36 minutes. There is a link to the LIRR site from my blog, which has other information about Port Washington that you might find useful.

www.portwashingtonlife.com

Diane Schubach
... more
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