1. Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
2. Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.
3. Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
4. Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
Fillmore Real Estate
718 253-6600 ext 206
Most two-family houses in the Park Slope area, as I'm sure you've seen, however, do not consist of two equal-sized dwellings; generally they are configured as an owner's triplex and a garden rental.
Additionally, the legal and financial considerations in such a purchase are much more complex than the standard individual purchase scenario and many sellers would rather accept an offer from one qualified party than from joint purchasers. In order to make sure that your offer receives consideration from a seller, you should first get all ownership agreements and mortgage pre-approval in writing. Begin by talking to an attorney and a mortgage broker or banker and then meet with a real estate agent to carefully go over how to best position your offer.