Your best bet would be to speak to as many agents as possible and have them look for homes that suit your needs in the neighborhoods that you like. As a buyer you do not have to tie yourself down to one agent, you can work with as many or as few as you like. The more agents you speak to, the more eyes you will have looking for a property for you.
You should focus on agents that specialize in the neighborhoods that you like. You can tell which agents specialize in a certain neighborhood by looking at who has the most listings in the area. Also, when an agent calls you and tells you about a house that is good for you, don't ask too many questions, just go out and look at the property! Sometimes agents do not realize how hot a property is, especially in today's market. If you do not go out and view the property post- haste, you will miss the opportunity!
If I can be of further assistance, please contact me direct. I cover most of Brooklyn.
Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Not only from the financial side, but the time, emotional and stress level sides as well.
But financially; in most of Brooklyn it is going to take a lot of cash. Sorry to be so blunt, but the few financing options there are; either the 203K FHA programs or hard money lenders, neither will work for a first time home buyer or within the budgets of a 203 K program for a "gut renovation". And frankly you will probably be out bid by the investors with cash for such properties in this market.
To get to your dream house normally takes at least 3 moves, to build up the equity (Cash) to be able to build or buy your dream house.
Depending on your personal recourses, other plans may be an option but no matter which way you look at it "gut renovations" always require a lot of cash, before a Bank will refinance and put a mortgage on it.
Feel free to call or e-mail for further help or assistance.
Kathryn Lilly, Broker
Realty on the Greene, LLC