The debt-to-income ratio helps determine the maximum amount that lenders are willing to lend to you. Debt is everything that you currently owe including credit cards (food, entertainment, transportation, health care), car payments, and student loans. Income is the gross income amount before taxes including salary, investment income, and royalties. Read more
How long has the house been on the market? The question allows the seller to provide more than the listing info available, or may lead to reasons why they are selling. If the home as been on the market for a while, the price changes can be found on the Read more
One of the obstacles that co-op buyers face is the preparation of a Co-op Board Package that helps the Co-op Board in approving the co-op purchase into their building. Even if a buyer decides to pay for the co-op 100% in cash, the Co-op Board can still reject the purchase Read more
Community associations, aka home owners associations (HOA), are part of common interest developments. You share the well maintained common areas and amenities. In addition, you share the cost of the staff that comes with maintaining the common areas and amenities. Amenities, common areas, pools, gym, hallways, playgrounds are shared among Read more
FSBO listings are created directly by Flushing home owners that are not working with a listing broker. These home owners may not necessarily pay out a commission at the closing. As a result, a home buyer rebate may not be available with a Flushing FSBO.
Down payment is the money that you put towards buying the home which the lender likes to see as your collateral in the home purchase. The higher amount you put in, the more confident the lender will be in approving and providing you with the mortgage loan. Having a good Read more
Located in the prime location of Downtown Flushing, The Grand at Sky View Parc is one of the largest mixed-use developments in New York City. The Grand Addresses: 131-01 40th Road, Flushing NY 11354 Grand Three Condo / 248 Units / 14 Stories / Built in 2016 131-03 40th Road, Read more
Typically it is best that we accompany you to a new construction listing and register you as a client in the sales office. A buyer rebate may be available if the new construction’s builder has incentive packages for buyers and buyer agents. If your agent is not with you on Read more
Before buying into a condominium or co-op, it is important to research the community association regardless if it is brand new or very well maintained in appearances. The community association deals with day-to-day rules that affects the quality of life and community finances. Request for the board meeting minutes – Read more
Paying points (for a lower interest percentage) upfront on a mortgage can lower the total cost of the life of the loan. The points could be a few thousand dollars upfront. As an added bonus, points are tax deductible. Add up the monthly payments plus the cost of the points Read more