Theoretically, you can offer anything -- as low a number as you like -- just as theoretically the seller can ask for as high a number as they like. However, if your offer is too low, the seller might think you are just playing games and/or trying to insult them and not even provide a counter offer or provide a counter offer that is the same as the asking price. So you need to make a realistic -- but it can be aggressive -- first offer. The offer should be based on recent sales so that it can be supported. It might still be rejected or countered, but at least you will have shown that you are serious and that you have done your homework. The other factor to consider is how much cash you are putting down. A low offer is best coupled by an all-cash commitment. To place a low offer when you are only putting, say, 3.5% down is not likely to go anywhere.... more
When you are buying your home, get a referral to a Local Mortgage Banker. Since she is local, your Mortgage Banker is most familiar with actual closing costs, and the "hidden" closing costs that a mortgage person in another state can't possibly anticipate.
For example, in Freeport:
-Transfer tax: if you are purchasing new construction, a bank owned foreclosure, or certain other property types, then YOU, the purchaser, pays the transfer tax as per the contract of sale (consult with your attorney about all terms in the contract of sale)
-Adjustments to Seller at closing: these are the "hidden" closing costs that are not revealed to a Purchaser on a Good Faith Estimate. Typical examples: property tax adjustment back to Seller at closing table for taxes the Seller has paid for the period after the closing. Payment to the Seller for oil in the oil tank (if the house has oil heat).
-Local title charges: including here in New York, the insidious new Sales Tax New York State charges on certain title fees.
Mortgage Bankers in your community will provide you with a much higher quality of service and financing options than any "Big Bank." Local Mortgage Bankers have long been the source of excellent financing options for homebuyers. Further, Loan Originators who work at Mortgage Banks are LICENSED whereas Loan Originators who work for the "Big Banks" are only REGISTERED. There's a BIG difference.
Sit down face to face with your Mortgage Banker to be thoroughly prequalified. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Consumers have been led to believe---thanks to huge advertising budgets with the BIG BANKS---that they should go to their bank for a mortgage loan. This is the WORST place to get assistance with the BIGGEST PURCHASE of your life! These BIG BANKS are basically BIG CORPORATIONS. You're a number, at best. With a Local Mortgage Banker you will be treated like a friend and a client for life. You can't imagine the high quality of personalized service you will receive from a Mortgage Banker until you try.
As to price---rate and fees---competitive if not better than the BIG BANKS.
You can verify the License of any Licensed Mortgage Loan Originator at nmls.consumeraccess.org
Trevor Curran
NMLS #40140... more
When you are buying your home, get a referral to a Local Mortgage Banker.
Mortgage Bankers in your community will provide you with a much higher quality of service and financing options than any "Big Bank." Local Mortgage Bankers have long been the source of excellent financing options for homebuyers. Further, Loan Originators who work at Mortgage Banks are LICENSED whereas Loan Originators who work for the "Big Banks" are only REGISTERED. There's a BIG difference.
Sit down face to face with your Mortgage Banker to be thoroughly prequalified. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Consumers have been led to believe---thanks to huge advertising budgets with the BIG BANKS---that they should go to their bank for a mortgage loan. This is the WORST place to get assistance with the BIGGEST PURCHASE of your life! These BIG BANKS are basically BIG CORPORATIONS. You're a number, at best. With a Local Mortgage Banker you will be treated like a friend and a client for life. You can't imagine the high quality of personalized service you will receive from a Mortgage Banker until you try.
As to price---rate and fees---competitive if not better than the BIG BANKS.
You can verify the License of any Licensed Mortgage Loan Originator at nmls.consumeraccess.org
Trevor Curran
NMLS #40140... more
I have asked myself the same question. You are right, they do look abandoned. Unfortunately, their timing could not have been worse. These very high end units came on the market (for between $700,000 and $1,500,000) just as the real estate market started to crash. They did not sell a single unit. They have been in pre-foreclosure since 2009. Only time will tell what will happen to them in the future.... more
I would hire a tax grievance company to challenge the taxes. As a matter of fact, I have done this in the past, on my own property. The know the deadlines and file all the necessary paperwork for you. If you are declined or offered a very small reduction, as most people are in the first round, they go to small claims court for you. Most of them charge 50% of your first year's savings, which is well worth it. They are generally successful in reducing the taxes.... more
Almost all of the homes in Freeport fall within the Incorporated Village, except for a small area east of Babylon Turnpike. Because some services are paid for by the Village Tax, the County tax is lower than villages that are not incorporated. The school tax portion of the tax bill depends on which school district the house falls in--Freeport, Roosevelt or Baldwin. A local Realtor is your best source of information but you can call the Village Assessor's office to find out if the house is in the incorporated village and, if so, how much the Village taxes are. The Town and School taxes are available on the Nassau County website. Don't go by what you see on the listing because the taxes shown sometimes reflect the current owners exemptions rather than the full tax. If you are not currently working with a local Realtor, I would be happy to represent you. I have specialized in Freeport real estate for the last 19 years, the last 10 years as a buyer's broker.... more
Thank you for your question Cami. Renovating a home and selling it for a profit, also known as 'flipping,' is not happening as much in today's market because there has been little appreciation in the market.
The Foreclosure process starts when a homeowner cannot pay the mortgage and ends when the home is resold.
The three stages of Foreclosure are: Pre-Foreclosure, Auction, and REO/Bank Owned.
Pre-Foreclosure is the time period a homeowner has to repay the delinquent amount of the mortgage.
If a homeowner does not pay the mortgage the home is auctioned
If the bids do not meet the reserve the lien holder (bank) reclaims the property and it becomes a Bank Owned REO.... more
While you are waiting to find out the answers to the questions asked below it may be a good time to learn the art of diplomacy. You and your soon to be ex-roommate were probably friendly towards each other when you decided to live together. Look back towards the common reasons you had to come together and approach your roomy in a friendly and personable way. Appeal to his/her sense of fair play and decency. Gently remind that person that you probably can't afford to wait until the last minute to fill the vacancy.
If all else fails there's always coffee and donuts in the morning until he/she feels too guilty to say no anymore!!!!!
Good Luck!
Allen... more
Most people understand when looking for a "room" to rent, that it's just that a room.
You could just give specific's such as size, view, bathroom attached, walk-in closet, color, window coverings, etc.
I've seen many ads on internet sites stating their ad's just like that with an explanation that the roomate has not moved out yet. You could have prospective tenants come and view the rest of the apartment & amenities.
It would be easier to just wait it out so there's less hostility with your current roomate. It's only a few days til the end of the month.
Good luck with your difficult situation!... more
Call Freeport Department of Public Works and they will let you know who is responsible for a specific street.
The street in question could be the responsibility of either The Incorporated Village of Freeport, The Town of Hempstead, Nassau County or the State of New York. For example, Sunrise Highway is maintained by New York State and Merrick Rd. is maintained by Nassau County.
Hope that help you.... more
I'm glad you asked - Freeport Long Island, New York is called the "Fishing and Boating Capital of the East".
Homes are priced from $350,000 to $900,000.00 from small bungalows to mega waterfronts. Condos and Co-ops as well.
Freeport is famous for fine dining and entertainment on the famous Nautical Mile, there are a multitude of fine restuarants on the Canal. You can dock your boat at the restuarants and enjoy good seafood .
There are gambling and fishing boats that leave the port everyday several times a day.
Freeport is within minutes of major parkways and shopping malls.
You can go on www.newsday.com to find school reports.
If you need more information you can email me : rwest.21@verizon.net... more
Hi Christina,
From what I can tell, the inquiries you've sent us regarding a particular listing have been for the property listed below and it is currently live.
I see that you submitted open house information for the listing to us and I've added that to our system. It should be live on Trulia within 24 hours.
Also, please note that, at this time, there is no way for you to manually edit this listing information. The listing information we receive for this property comes to us from Postlets.com and any updates to the listing should be made with them. Trulia will then pick up these updates automatically.
Please let us know if you have any further questions or concerns.
Best Wishes,
Emily Gibson
Customer Service Representative... more
Co-op rules, financials, etc., are always provided to your attorney for review before the contract is signed. In some developments this information is only released to the attorneys and not the agents; therefore make sure you hire an attorney who is familiar and has done co-op transactions.
Anna
917-576-5376
abrocco@laffey.com... more