yfalade's Q&A

A selling price should be the price that a ready, willing, able and knowledgeable buyer will pay. It is derived from the most recent prices that houses identical to yours and in the same neighborhood command. Go on zillow, input your address, bedrooms, baths, living area, etc that your property has and get results first, for most recent sold houses and next, for most recently listed for sale. An unbiased analysis of these two sets of prices should help you set a probable selling price.Ola Adesina, CBRCertified Buyer Rep.[content removed by moderator for being self promotional]

In addition, FHA loans may be assumable, loan modification if and when you ever become upside down is mandatory, and you can use FHA also for "rehab" on residential and mixed use properties with up to four units. Again, FHA is not subjected to the present on-going HVCC delays and brouhahas!Ola Adesina, CBR Certified Buyer Rep. Cell (347) 869-6833 for Sales, Rentals In the 5 Boros & Long Island Charles Rutenberg Realty, Inc

It is not how and what you bid that matter, it is what the market "bids". Try and find a reliable means of getting what the market value is or get a real estate professional who can find that out for you.

Yes. As long as you are a first time homebuyer, and the property falls under the "one family" definition. A two-family technically house falls under such a category. So you are OK.

You cannot. MLS numbers are profesional association proprietory figures. You have to be a realtor to have access to the database to use it. For now, just list your property with a realtor s/he will do it for you.

Zillow probably uses its own well proven proprietory system to calculate home selling prices. If by historical selling prices you mean prices in the last 3 or 6 months that houses of  similar properties. you may need a real estate professional, preferably a real estate appraiser like me who can vouch for the historical figures. Zillow is not obliged to. 

Go to Zillow Homes Search. Input Huntington Station or the zip code you want. The number of bedrooms, bathrooms, garages and home style, price ranges and work on the results. If you need more help email me.

You need to decide what you want to do. Depends on the state, you may cancel your contract anytime even a few days after closing. However, you need to compare your net proceed after selling your house with your gross purchase cost for a new house. Compare also the two neighborhoods, your job prospects for the two. A non-partial analysis of all these will help you make a good decision.

Compare homes in same neighborhood and same characteristics. Find out if any renovations or recent upgrades. justify the price difference. Find out if past sale recorded was part and not the full picture of total records. Find out if last sale was arm's length.