This is tough Anna. Price per square foot in those areas can range from $500-$850, maybe even more depending on the building amenities, conditions, condo/coop etc. It is an interesting market area. You have many new construction, as well as many existing properties and conversions. But I highly doubt anything under 300K is available in those areas.
The only one I could find on Trulia I linked below.... more
Park Slope is a great example of a neighborhood where everyone takes care of their property. The Brooklyn Borough President runs a 'Brooklyn's Greenest Block' contest every year, and Park Slope blocks are always in the running for the top prize. This is an area of brownstones, mostly built between about 1880 and 1900.... more
You should make an offer as close to the listing price a you see fit, calculating your finances, your interest in the property, and the degree of competition from other buyers. In the curren market conditions, a successful offer may well equal the listing price, but be aware tht every situation is the sum of the buyer's ability and desire on the hand, and the seller's willingness to sell at a given price.... more
The benefits of including FSBO's are that you are looking at the largest set of possibilities. The disadvatage is that FSBO's are not experienced home sellers, resulting in a bumpy and sometimes unsuccessful, transaction. The buying process with FSBO's is different from buying a home represented by a Realtor in one important way: There is nobody to talk to except the Seller. Often in a real estate transaction, there are bumps in the road. delaysandings, and the like. The Realtor is looking out for those and smoothing them (where possible). Also, the realtor can call any player in the transaction. The buyer or seller does not have the same level of access. As a realto, I can call the buyer's mortgage broker and question them about the state of the loan application. The seller really cannot.... more
Roughly, like this: First, figure out how much cash you have for a downpayment. Then, calculate how large a mortgage payment you woule be comfortable paying per month. Current 30 year fixed mortgage rates are around 6.5%, so divide your monthly comfort payment by 6.43. This will give you the mortgage total for the payment you are comfortable making at 6.5% Add your downpayment to that amount and you have a ballpark figure for a house you can be comfortable with.... more