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I am a single 32-year-old female looking to buy a condo in Suffolk. I wouldn't want to move east of Nicoll's road. Ideally, I would like to be in a complex close to the LIE or northern state parkway.
I have about $110k saved up. I originally planned on buying a home, but my pre-approval returned for only $350k. I have been having difficulty finding a home at this price, so I am turning to condos now.
Does anyone have recommendations for condos? I want to be in a safe area.
The condo should have at least two bedrooms. I would love for it to have a designated parking spot and pool.
After taxes and condo association fees you will probably find out you will be better off renting while you save more money and wait for the real estate market to correct more.
I am a single 32-year-old female looking to buy a condo in Suffolk. I wouldn't want to move east of Nicoll's road. Ideally, I would like to be in a complex close to the LIE or northern state parkway.
I have about $110k saved up. I originally planned on buying a home, but my pre-approval returned for only $350k. I have been having difficulty finding a home at this price, so I am turning to condos now.
Does anyone have recommendations for condos? I want to be in a safe area.
The condo should have at least two bedrooms. I would love for it to have a designated parking spot and pool.
Thanks in advance for your insight!
There are a couple out there in your price range. What was the amount the lender used for RE taxes and HOA fees? If that amount is too high, you should be able to qualify for more, or vice versa
Buyers often forget the impact taxes (and where applicable HOA/maintenance charges) have on affordability/pre-approval.
Also, if you're a first time homebuyer (haven't owned in the last three years), you might qualify for a first time homebuyer grant...
There are a couple out there in your price range. What was the amount the lender used for RE taxes and HOA fees? If that amount is too high, you should be able to qualify for more, or vice versa
Buyers often forget the impact taxes (and where applicable HOA/maintenance charges) have on affordability/pre-approval.
Also, if you're a first time homebuyer (haven't owned in the last three years), you might qualify for a first time homebuyer grant...
Banks won't lend much against a single income due to increased risk. Banks rather lend $1MM to a dual income household making $150K than a single income household making $200K.
Banks won't lend much against a single income due to increased risk. Banks rather lend $1MM to a dual income household making $150K than a single income household making $200K.
It helps if you know lenders. Besides, OP has a substantial downpayment, which limits the lender's exposure.
Also, we're not taking about a million dollar property here.
There are a couple out there in your price range. What was the amount the lender used for RE taxes and HOA fees? If that amount is too high, you should be able to qualify for more, or vice versa
Buyers often forget the impact taxes (and where applicable HOA/maintenance charges) have on affordability/pre-approval.
Also, if you're a first time homebuyer (haven't owned in the last three years), you might qualify for a first time homebuyer grant...
Yes, I am a first-time home buyer. What grant would that be?
Yes, I know lenders. I may reach out to Meadowbrook Financial. My extended family has worked with them. I might be able to get a higher pre-approval. If you know of any, I am all ears.
FYI - I am part of the NYS teachers union and faculty at a state college. I wonder if there are any grants through them?
Would you happen to know which complexes are better? I've been reading about a few and it seems some are worse than others.
I just got back from Boca Raton looking at condos. My advice is move down there instead. There will be zero safe spots on Long Island within 5 years. I mean zero. And make that 2 years if Hochul gets her way and hoodifies every town on LI within a few miles of the LIRR. That's her plan.
Thugs are following women from supermarket shopping and then car jacking them at gas stations, car washes, driveways. You name it. Just do a google search on "Long Island car jackings."
Is this really a place where you want to lay down long term roots by buying into a condo/coop?
I have a two friends that live in the Anchorage in Copiague and love it. I have no idea re:availability or pricing now but I know it has a pool and dedicated parking.
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