The question is subjective, therefore visit the neighborhood several times to get a sense of belonging. Real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods, so, you should check out the area on your own to assure your comfort level can be reached.... more
You are looking way too soon. The first step is to go to a bank in February to get pre-qualified. Once you are pre-qualified you will see how much you qualify for and how much cash you will need to close your loan. Your pre-qualification letter with the bank is only good for 45-60 days. You will need cash for an Earnest Money Down and then cash for closing costs. Your agent can ask for the closing costs, but you don't always get them. Start saving and save, save, save!!! In the interim, drive the area. See neighborhoods and streets you like and keep a notebook of those areas. Look on Trulia to find the values of homes in those areas. If you find that what you like is running too high for you, then continue to look at other neighborhoods. Lastly I would say to educate yourself by reading books or the Q&A section on Trulia or other home websites. You can learn a lot in a short period of time by reading others' questions and answers. When you get to January or February choose a realtor. Interview several realtors to see which one you like the best and feel is the easiest, most experienced, and most agressive person to help you complete your transaction. No matter how much you know, it is good to go with a professional who knows the market in your area.... more
Are you referring to renting a separate apartment within the 2 family structure, if so check with your local building's department for possible needed permits... also check with NHS...
Pedro, in order to take advantage of the $8,000 tax credit you have to be under contract by April 30th, and must close by June 30th.
You could also take advantage of a credit for those who have lived in their homes for 5 years, and are purchasing a new home... they qualify for $6,500 credit under the same time constraints.... more
I do not have much experience with the Lynbrook area. But a few of my clients have purchased homes on Long Island with pools. When we contacted the local assesors office, my buyers were told that if they remove the inground pool it will reduce the property taxes. The amount that it reduces the taxes is obviously different from one area/town to the next. If you are working with an agent, I would suggest you ask them their professional opinion on this area or even call the local township to find out approximately how much you annual taxes would be reduced by.
If you decided to remove it, it may become very costly, if you have a property you are interested and you have an inspection done, you may also ask the home inspector their professional opinion to have this removed. There are different types of pool. In the two transactions with my clients, they ended up purchasing the homes and fell in love with the pools.
Good luck. If you have any questions, please do not hesistate to ask. I would be happy to assist you.
Licensed Real Estate Agent
1408 White Plains Road
Bronx, NY 10462
Email: firstname.lastname@example.org... more
To my knowledge--and if I understand your question correctly--there is no "limit" on the age when a person may own or buy a home. Hollywood child stars, for example, buy homes all the time. However, the individual buying a home needs to have the legal "capacity" to purchase a home--in other words, be capable, legally, to buy the home and execute contracts to purchase or create a loan on the home. In order to do that, many states do require that a person be of legal age in order to execute a contract, so depending on your state, the age of consent may be 18 or another age.
Emanicipated minors, individuals who are recognized as adults although under the age of consent, may execute contracts as if an adult. Minors woud probably need a cosignor on the loan and deed to the home. However, for the most accurate information and best advice for your state, talk with a qualified legal professional to ensure that you can purchase a home in New York.
Good luck and happy house hunting!
Grace Morioka, SRES, e-Pro
Area Pro Realty... more