1
Real Estate & Home Improvement / Re: Patio furniture?
« on: July 21, 2009, 12:17:39 AM »
ikea has some cheap wood outdoor furniture, will look good for only a couple of seasons though...but not bad for the price.
Greetings, JH Lifers. Just in case you missed it, this website will be closing down on December 31st. It's been a great journey, but it is time for this site to walk off into the sunset (or whatever lies on the other side of the BQE). Please see our recent announcement for more information.
Hopefully this is just the beginning of a new chapter in efforts to build community online and in real life. Come join your neighbors at r/jacksonheights or r/queens on Reddit, Jackson Heights 11372 on Facebook, and the venerable JHfamilies group on Google.
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
If your lawyer is even on life support system :buck2: in the hospital, that would be in the contract in the form of a mortgage contingency. Your bank will not finance if the unit doesn't appraise, period. The only way the bank will do so is if you chose to still take the deal and either put more money down (unless you are already putting 30% OR MORE down. Make sure your bank and you see eye to eye . If you are smarter than the average Joe you'll personally look at the sales sheet from your coop (management will provide that).
By doing so you will see if the appraisal was flawed. In other words, if you are getting an above average unit in an above average building in a great neighborhood and for an average price of a lesser neighborhood, than...what the heck? If the neighborhood is obviously full of potential and it is in the fast track of becoming a "hot neighborhood" or it is clear that it hasn't reached it's full potential than what's up? Buy baby...BUY!
In our Pre War JH's Cooperative (built in 1930's) situated in the 70's, a 865SF 1 BR, 1BA apartments renovated had a high of $335K at the peak (Fall 2007). We currently have one on the market in Prime condition for $295,000 (since December) with no interest. We have a 2Br, 2BA (1200SF) recently listed for $415K which were being listed in the low $500's at the peak. I read an article several months ago that the NYC Market won't see the bottom for 3 years and that it could be as much as 30%. Its just someone's opinion but it would certainly keep me from purchasing at today's prices. I would wait at least a year and access the situation at that time.