Nobody has a crystal ball to predict the future with 100% accuracy. The fact of the matter is that Bay Ridge is an area in Brooklyn where historically there has always been high demand. Even during the real estate downfall from 2007 to present day, Bay Ridge for the most part has maintained it's value.
Given the market conditions right now, it is a great time to buy and I think if you are going to stay for at least 5 years, I do not see you going wrong. This is simply my humble opinion. If you need assistance with finding a good property to purchase, feel free to contact me direct. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Bay Ridge is a rapidly changing market with the value of real estate going up as we speak. The resale market is amazing, but I would have to speak with you, your question is too general to answer.
Feel free to call me direct anytime: 212.300.3919
Keller Williams Real Estate
9120 4th Avenue Brooklyn, NY 11209
Office: (718) 954 8400
Direct: (212) 300-3919
Coldwell Banker Reliable
Think of it this way would it be cheaper for you to own or rent? The money you put towards the mortgage when you sell you will get back with any added increase in the value, with the money you would put in a rental if you decided to rent you'd never see but the owner would be very grateful. Buy no matter what its always a win win. If you need a Realtor I can be there and would love to help no pressure of course wish you the best! Jeannette Batsikas