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Ulster County : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling1
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Activity 156
Sat Aug 1, 2009
Voices Member answered:
Only if you do not have an attorney to represent you.,Make sure you find one who specializes in Real Estate Transactions.
0 votes 1 answer Share Flag
Sat Jul 28, 2012
Margaret Amador answered:
The harsh answer is: You can either drop the price until you get interest or take it off the market. If you must sell for whatever reason and your home will bring less than it is worth on today's market, do a short sale. For that you need to work with a knowledgeable short sale Realtor in your area who can explain the next step.

Sorry, but values may not come back for years. It's not just the amount of inventory but also our economic standing in general. Anymore people can only buy what they can afford judged by their income. It's back to basics. Learn about all your options and then choose the best while keeping in mind that neither option may be what you really want.
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0 votes 5 answers Share Flag
Wed Sep 5, 2012
Michelle Aizenstat answered:
Hi Maggie,
Alot depends on what kind of work the property needs, but I've been successful selling unique fixer-uppers to clients who are willing to do the work for something really special with character. Please feel free to contact me:
Michelle Aizenstat - 917 587-2058 - michaiz@aol.com
Coldwell Banker Village Green Realty
(845) 687-4355 x 105
... more
0 votes 3 answers Share Flag
Tue Jul 28, 2009
Kyle answered:
Not unless its a multi unit property or he would have to be on the loan with you to use his income (and debt).

But you cannot count rental income on a one unit single family home or condo. ... more
0 votes 6 answers Share Flag
Sat Jul 25, 2009
Fred Griffin answered:
See a Real Estate Attorney for Legal Advice, see an Attorney if you do not understand what you are signing.

What does your Purchase Contract say about inspections? Is the contract "As Is, Subject to Inspections", or does your contract require the Seller to make necessary repairs, or allow you to re-negotiate based on items in the inspection report?

Ask the Real Estate Agent to clarify. If you do not understand, or if you disagree, see a Real Estate Attorney before signing any documents.

-----------------
Best wishes,
Fred
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... more
0 votes 5 answers Share Flag
Tue Jul 21, 2009
Donald Beach asked:
What are some of the catalysts that might drive growth or retraction in the 12533 zip code. Are there new business incoming/leaving? Property tax comparisons? I am trying to compare t...
0 votes 0 Answers Share Flag
Thu Apr 19, 2012
Katherine Ryan answered:
Hi Hendrick,
New Paltz is beautiful. Did you try to grieve your taxes? Have you tried looking in other areas in Ulster?

K.Ryan
Associate Broker with Houlihan Lawrence Real Estate
kryan@houlihanlawrence.com
... more
0 votes 5 answers Share Flag
Sat Nov 3, 2012
Bill Eckler answered:
These are difficult times for established agents and seasoned companies. FSBO's are feeling the heat as well because their "thunder" has been swept away by "short sales" and "foreclosure" activity.

To compete in this market FSBO's need to be willing to price their property relative to current market trends.....something most are unaware of or reluctant to accept.
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0 votes 14 answers Share Flag
Wed Feb 16, 2011
Voices Member answered:
If you are a first time home buyer then the time is right. I know you did say that you wanted to rent with option but you didn't mention the reason why. What is your budget for rental? Have you checked your credit lately? You are entitled to check it once a year for free by going to http://www.myfico.com. Might as well contact a lending institution and see what you could afford if you were to buy. You may want to do this yourself and you can use any mortgage calculator and you'll find one on my website: http://www.exittogreenrealty. The reason I am suggesting a purchase rather than lease is because home prices have never been lower and mortgage rates have never been lower. Add an $8,000 credit for a first time homebuyer to use for closing or downpayment and you're at once in a lifetime.
If you are determined to rent with option it may take some time to find that type of property and of course your credit will need to be great. I could help you with a pristine 3 bedroom townhouse but it is in New Paltz.. My suggestion is to work with a certified buyer agent who will guide you through out the entire process.
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0 votes 3 answers Share Flag
Fri Jun 26, 2009
Barbara Carter answered:
Hello
The best advice would be to consult your attorney. After contracts are signed it becomes a legal issue that should be handled through your attorney and the sellers attorney.
We wish you the best of luck. ... more
0 votes 13 answers Share Flag
Wed Jun 24, 2009
ILENE asked:
Thu Dec 1, 2011
Noelle Sheber answered:
Hello Richard,
We've only seen a small decline in pricing in Woodstock. We seem to be somewhat insulated compared to what's going on in the rest of the country. The second home market still remains quite strong. ... more
0 votes 9 answers Share Flag
Thu Jun 18, 2009
Nancy answered:
In-ground oil tanks inevitably become issues when you go to sell your house. Worse, it often comes up post-inspection, i.e. after you've agreed on a sales price. Most attorneys recommend that buyers do NOT buy the house with the in-ground oil tank and recommend that the seller either removes it or decommissions it.
The reason for this is that liability for any leaks, etc transfer with the property and, if something goes wrong after closing, it can cost the buyer a lot of money and aggravation.

My advice to you is to first deal with the oil tank and then look into upgrading the furnace and/or converting to gas. This also depends on how old the furnace is and how much life it has left. The age of the furnace is more relevant than the type of heating fuel.

In this area, central air is a plus, but not a deal breaker. However, if the house is hot throughout the summer, you might want to consider retrofitting an air conditioning system with an outside compressor and
a mini-split system to get cooled air into different rooms.

If you want a recommendation of a company to test your in-ground tank, please contact me.

Nancy Brenner
Coldwell Banker Village Green
nbrenner@hvc.rr.com
845.255.3224
... more
0 votes 1 answer Share Flag
Thu Oct 8, 2009
Paddy Pizappi answered:
I can see why you are frustrated. The in ground oil tank may or may not be an issue. Just because there is one does not mean there is anything wrong with it. As a buyer's representative agent I normally advise that the tank be tested if the seller will allow it. You do need to be careful about the type of testing done and who performs these tests. If the tank is not leaking then I tell my buyer clients to eventually dicomission the tank or have it removed because it may affect future resale. The seller is under no obligation to take care of it but you may want to renegotiate your offer based on this.

I don't know if this agent is "your" Realtor. It sounds as though you put your offer in through the listing agent and his loyalty is to the seller so he can only provide you with information not guidance. It is a difficult place to be in and one of the reasons I became a buyer's representative to help people like you buy homes with the help of a professional on thier side. If you are working with him as your agent I am not answering this to solicit your business I just hear your frustration and want to help.

Good luck in whatever you decide to do. There are many sites that can help you learn more about in ground tanks. I have the links at my office but if you email me I will be gald to forward them to you.
... more
0 votes 7 answers Share Flag
Mon May 11, 2009
Paddy Pizappi answered:
Here is a link to the NY State Office of Real Property Services where you can learn all about property taxes, evaluations, assessments, and how they are determined. Take some time to look around the site for the answers to many of you assessment related questions.

I work as a Real Estate Buyers Representative Agent in this area. If you are not working with a real estate professional on your buying team you may want to consider adding someone who can work on your side. Let me know if I can be of any assistance to you.
... more
0 votes 1 answer Share Flag
Sun Jun 28, 2009
Susan Mohart answered:
If you would like, I can stop by and take a look at your home and let you know what you could rent it for.
Are you interested in having a real estate agent represent you, or are you going to do it by owner? You
can reach me at 845-781-0706. My name is Susan Mohart of RJ Smith Realty. Thank you.
... more
0 votes 3 answers Share Flag
Thu Jun 18, 2009
Sandra Strickland answered:
Most sellers are looking for about 90 to 95% of the asking price. See how long the property has been on the market and if there have been any price reductions. You can also ask the listing agent if they have had any offers and if the sellers have rejected any offers. If they have not had any offers they might be anxious for some activity. And if they have rejected offers, the agent can tell you what was rejected so you don't waste your time putting in an offer that will also be rejected by the seller. The key here is not to waste your time on properties that will not be in your price range. ... more
0 votes 4 answers Share Flag
Wed Apr 29, 2009
Janine Bowen answered:
I know of a 3 bdrm ranch with new carpet, hardwood floors, a hot tub and an art studio on 1.8 acres. What are you looking to spend? They are asking $1,500/ month w/1st, last and deposit. What are you looking to spend? - Janine ... more
0 votes 2 answers Share Flag
Fri Aug 3, 2012
Buyer2009 answered:
Hi Donna,

This is the 64,000 question. We placed our bid in Jan and at the begining of Feb the bank send a letter indicating that the short sale packet was completed and we should hear word within 30 days with closing to be 10 days after acceptance (we anticipated closing somewhere mid to late March). Well in April the bank notified all that they had really not even looked at the offer and it would be at least 2 to 3 more months till they even responded and "don't bother to call us, we will notify you when it is completed" as they are swamped with short sales... Needless to say we got out of this deal and found a home (not short) and will be closing the begining of May.... ... more
0 votes 8 answers Share Flag
Sun Feb 9, 2014
Crestico Realty answered:
Hi Jessica,
You can always contact your local lenders servicing department and ask them to connect you with their REO agents.
0 votes 11 answers Share Flag
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