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Rent vs Buy in Queens County : Real Estate Advice

  • All75
  • Local Info0
  • Home Buying49
  • Home Selling6
  • Market Conditions1

Activity 8
Wed Sep 26, 2012
Anna M Brocco answered:
Rent to own apartments in the area are rare; keep in mind that if interested in co-ops, each board does have their own financial requirements that must be met in order to be approved. Also keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright... ... more
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Tue Jan 17, 2017
Jeannette Batsikas answered:
Basically it means that you pay rent but if you decide to buy at the end of your term the remaining rents that you paid through the term agreement gets deducted from the price. A normal downpayment for a rent to own in most cases is nothing but in some cases can be whatever you and the seller agree on. Not all of them are scams just make sure whatever you do is in writting. Hope my answer was helpful! Wish you the best! Jeannette Batsikas ... more
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Fri Jun 29, 2012
Anna M Brocco answered:
To rent or buy is a decision only you can make; It’s all about costs and lifestyle. Costs—financing v. moving-in, mortgage v. rent, repairs v. upkeep. Lifestyle—stability v. mobility, predictability v. flexibility, equity v. freedom from debt. It used to be all about equity. Now, there are other variables to consider in the balancing of the buy/rent equation. if you choose to buy, be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therefore do visit with any licensed loan officer to determine mortgage qualification; also choose an agent to work with. If you decide to rent, for available Queens area rentals, check www.mlsli.com ... more
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Thu Jun 21, 2012
Anu Dutta answered:
Usually single family homes are owned by small landlords, they are quite flexible when it comes about paperwork and application process.
You need to have decent credit, working preferably and no landlord tenant issue, collections etc and you are good to go.
We specialize in Rentals, you can check our site www.WERENTNY.com or call us 646-606-2366, we will be happy to help you.
... more
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Sun Nov 20, 2011
Rich Homer answered:
Our experience is the condo fees, as we call them here in Florida, are always subject to increase and assessment. The responsibility for the fees or any increases in the fees passes to the new owner of the property. Hope that helps. ... more
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Fri Mar 16, 2012
Anna M Brocco answered:
To rent or buy is really a personal decision; to consider--it’s all about costs and lifestyle. Costs—financing v. moving-in, mortgage v. rent, repairs v. upkeep. Lifestyle—stability v. mobility, predictability v. flexibility, equity v. freedom from debt. It used to be all about equity. Now, there are other variables to consider in the balancing of the buy/rent equation. ... more
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Wed Jun 15, 2011
Chuck Florio answered:
my name is chuck florio I'm a broker /salesperson for striker realty in linden new jersey I have work with these beforeyou can email me at chuckwho147@aol.com or chuck@strikerrealty.com and I will go into greater detail . ... more
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Thu May 12, 2011
Gail Gladstone answered:
Just google on the internet...there are lots of them out there and they are all pretty good.
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