Trulia Community - Advice from neighbors and local experts

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

New York : Real Estate Advice

  • All4K
  • Local Info426
  • Home Buying1K
  • Home Selling216
  • Market Conditions93

Activity 5,402
A few hours ago
Graham.maitland asked:
Yesterday at 7:56pm
Karen Peyton answered:
If you and the seller cannot agree to the appraised price, and the lender requires 25% down, you must first close the "appraisal gap" and then add the down payment.

In your scenario $45,000 is correct + 25% of $405,000. Talk to your agent!!

Good luck!
... more
0 votes 1 answer Share Flag
Yesterday at 9:48am
Davidharrisjrtrains asked:
Hi. I have been renting an apartment from an HDFC in NYC for 5 years. I am renting from the board (I think) and am not sub letting from an individual shareholder. I have not gotten a new…
0 votes 0 Answers Share Flag
Wed Feb 22, 2017
Ldyscorp3 answered:
my rent is going up some people rent have went up as must as 75.00 more dollars a month I like the location and the neighbor hood. just want to see ow much they will go up on rent
0 votes 23 answers Share Flag
Wed Feb 22, 2017
asked:
I'm in need of a Church in Upper Manhattan between $5-$15M and would like to know the best means of finding one.
0 votes 0 Answers Share Flag
Tue Feb 21, 2017
UpNest answered:
It depends on who you are dealing with. Did your realtor look into the seller and their history. A good realtor can ensure the 15% down is not risky. I would try www.UpNest.com. You can compare realtor fees and ask brokers whether they have experienced this type of situation for free. You should consult with someone who has dealt with this before. ... more
0 votes 14 answers Share Flag
Tue Feb 21, 2017
Max asked:
I am looking for an apartment with 2 beds in the price range of $3,000 to $4,000 preferably in Midtown to Soho area. Please let me know if you can help.
0 votes 0 Answers Share Flag
Tue Feb 21, 2017
Alo.bolton answered:
kiva is an international nonprofit,
founded in 2005 and based globally, with a mission to connect people through lending to alleviate poverty. loans rate is 5.5% interest rate.

WITH NO UPFRONT OR ANY SORT OF PREPAYMENT FOR A LOAN

Mail communication at (kivacorp @ web. de)

Bless up..
... more
0 votes 1 answer Share Flag
Mon Feb 20, 2017
Rayanne Borges asked:
--
This question was asked from this property: https://www.trulia.com/property/-
0 votes 0 Answers Share Flag
Sat Feb 18, 2017
Gregg Pomeroy answered:
Hello, I'm actually a banker and broker.

So when you put an application in with us we actually can go through our list of investors and select whomever we want to invest in your loan at the lowest rates available.

Since we are a mortgage bank and are not limited to one investor we have access to just about every program available.

This gives you and us a big advantage.

The best part is even though we select who invests in your mortgage we are the ones who actually underwrite and fund the loan.

We can underwrite in house within 24-48 hours. (That's fast)

I focus most of my attention on lower NY and can lend nationwide.

I would love to help you. If you have any questions or need help with this you are welcome to contact me. I'm available almost 24/7.
... more
1 vote 1 answer Share Flag
Fri Feb 17, 2017
Cesar.cabrera.1221 answered:
I work for realtywarehouse. Number one short sale platform that's backed by the better business bureau. Feel free to contact me ccabrera@realtywarehouse.com
0 votes 68 answers Share Flag
Fri Feb 17, 2017
Bbiolay asked:
Can anyone recommend some licensed apartment/ co-op appraisers that don't charge a fortune? I am in the Inwood area of Manhattan.

Thank you!
0 votes 0 Answers Share Flag
Fri Feb 17, 2017
Adlaiyuen2869 answered:
Along came RexaDrene, which brought in dozens of choices. Undoubtedly, you might do both with using that and This is how much built up demand there is for it. Haven't you? What's a little that process among friends? Surprisingly, that's a bold claim. This drives me insane. Building on some stack is a breeze. This lot is commonly overlooked. This installment is going to provide you with some approaches you could use for that. I do use this number. I may not be absolutely correct as it concerns that. How can mates smoke out admirable RexaDrene handbooks?



http://helix6garciniareview.com/rexadrene/
... more
0 votes 1 answer Share Flag
Thu Feb 16, 2017
Kathy Burgreen answered:
As a New York City area resident and former realtor, this can be difficult. You have several obstacles:

1. Agents in NYC rely on Street Easy to post listings. This is way more popular than Zillow, Trulia, etc. I don't think you can post your co-op by owner on Street Easy. You will need to test it.

2. Agents use the MLS (REBNY) to inform buyers about current listings. Since your listing is not in the MLS, don't expect Manhattan agents to tell buyers about your co-op. Agents will be too happy to show buyers the competition. You can pay a nominal fee to a flat fee broker to get your co-op listed in REBNY (Manhattan's MLS).

3. Do you have the past 2 years financial statements from the co-op Board. This will help you prove to buyers that your Board has cash reserves and that the finances are well managed. If they are not, you will have difficulty selling your co-op.

4. What is the security at your building? If selling by owner, does the Board allow buyers without agents to wander around the building? You better make sure of this.

5. How will you qualify buyers? In addition to a pre approval or proof of funds, you need to verify they have the cash for the down payment + closing costs.

6. How will you handle foreign buyers? Most or all co-ops do not allow foreigners to purchase a unit. Buyers must be legal U.S. residents and have U.S. bank accounts. Do you know how to verify this legally?

7. Do you know how to answer questions about the neighborhood, schools, etc. without violating Fair Housing laws? In Manhattan, this is tricky.

8. How will you get the data to price your co-op fairly and realistically? Online estimates are not always accurate. You will need access to the MLS which is owned by realtors.

9. What about your safety. This is Manhattan. I wouldn't want strange buyers coming up to my apartment without a security guard next to me. For all showings, you need to have somebody there with you. Don't allow buyers into your home without protection. Too risky.
... more
0 votes 1 answer Share Flag
1 2 3 4 5 6 7 ...
Search Advice
Search

Followers

1088