Monthly Archives: November 2011
What can I ask for from a buyer before contract, besides a pre-approval?
Q: I am the seller. What can I ask for from a buyer before contract, besides a pre-approval? Can I ask for the loan officer number or for a contact at the bank? Or, can my lawyer request that they have a commitment within 45 days or else the buyer will be liable for $5-10 thousand of their $80k down payment? Read More.
I have a commercial/residential property in upstate New York that I want to put on the market. 75% of the property here is owned by non-residents.
Q: I have a commercial/residential property in upstate New York that I want to put on the market. It was built in 1892 as a railroad hotel and boarding house. The location is terrific. 75% of the property here is owned by non-residents, most of them from outside areas. Is this something you may potentially be interested in listing? Read More.
What does it take to become an agent?
Q: I’m currently a college junior majoring in communications with a burning passion to become a realtor in NYC. Tell me, what does it take to become an agent at this firm? Is there anything I should do before applying at Elliman? What is a “must have” on my resume to be considered? Thanks! Read More.
I would like to rent out my apartment and don’t know how to go about it, and/or what it is worth.
Q: I would like to rent out my apartment and don’t know how to go about it, and/or what it is worth. What advice would you have for me? Read More.
Interested in an apartment for rent. Where do I begin my search?
Q: I’m interesting in an apartment for rent that will be available soon. I’m looking for a place for 3 people in Manhattan or near. Can you please tell me what you have so I can get an idea of my options and where to begin my search? Read More.
Under the HARP program, would I be eligible for a refinance?
Q: I applied for a refinance with my current bank and the appraisal on my property came back lower than what I owed, therefore, I was rejected. My mortgage payments are never late and always made on due date. Under the HARP program, would I be eligible for a refinance, considering my payments are on time and the property value is lower than the mortgage? Is there any program available for my situation? Read More.
If I showed myself an apartment for rent, do I owe a 7.5% or a 15% broker fee?
Q: If I showed myself an apartment for rent, and was not represented by my own broker and dealt directly with the broker who represents the owner of the building, do I owe a 7.5% fee or a 15% fee? Read More.
