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Home Buying in Bedford - Stuyvesant : Real Estate Advice

  • All258
  • Local Info34
  • Home Buying71
  • Home Selling3
  • Market Conditions12

Activity 63
Kathy Burgre…, Home Owner in Westchester, NY
Sun Aug 9, 2015
Kathy Burgreen answered:
You need to understand how Section 8 works. Landlords & building owners need to qualify before they are allowed to accept Section 8 or any other government program. There are inspections and if anything needs to be done, the landlord needs to fix it. Because of the expense & intrusion, landlords are very quick to say Forget It! Also landlords are operating a business & know they can easily make a profit from a regular renter paying full price than somebody like you on Section 8. Section 8 pays about 75% of the regular rent and they force landlords notmtomacceptmanything higher. Mere fore, the landlords will lose money every month. ... more
0 votes 1 answer Share Flag
David Nurse, Real Estate Pro in Brooklyn, NY
Wed May 27, 2015
David Nurse answered:
Sol. Please allow me the opportunity to assist you in making this large purchase. My company have a few available listings. Please call/text at 9174280563 or email me at davidnurse@fillmore.com and I will show you a few of what is available ... more
0 votes 6 answers Share Flag
Sam Gold, Real Estate Pro in Brooklyn, NY
Tue Mar 10, 2015
Sam Gold answered:
If you are still looking for a house in Bed-Stuy area, please, contact me. Good luck!
0 votes 2 answers Share Flag
Robert Lawre…, Real Estate Pro in Brooklyn, NY
Wed Jul 16, 2014
Robert Lawrence answered:
Sam Gold, Real Estate Pro in Brooklyn, NY
Sun Jun 29, 2014
Sam Gold answered:
Keithan, Home Buyer in Philadelphia, PA
Tue May 27, 2014
Keithan answered:
On some level... I think everyone here is kind of right. $1M is a lot of money ... especially for some of the compromises we make in NY / Brooklyn. *But*, these neighborhoods are dynamic - they change. (Bushwick is a very appropriate example.) The somewhat tough reality is that you are paying premium for the future potential of a neighborhood. And people pay it because the probability is good that you'll be whole on your investment in some years. Nothing assured, but many folk (myself up until recently) have watched values continue to get away from them - thinking "gee, surely this is overvalued"... only to watch prices go higher while sitting on the sidelines.

On the other side, everyone's a little reluctant when markets soften. There really is no easy answer here. Assess the risk for yourself; try and understand probabilities as objectively as possible, and make a determination for yourself.

Multifamilies are an accessible entry point for many due to the income producing units that mitigate the financial responsibility... But you have to have a good attitude about being a responsive landlord.
... more
1 vote 8 answers Share Flag
Sam Gold, Real Estate Pro in Brooklyn, NY
Sun May 18, 2014
Sam Gold answered:
Fajardo Dela…, Real Estate Pro in Flushing, NY
Sat Jan 4, 2014
Fajardo Delacruz answered:
Mr. Stan I need the address of property to get the information.
Fajardo Delacruz
347 932-0609
0 votes 4 answers Share Flag
Karen Younge, Real Estate Pro in NYC, NY
Mon Dec 2, 2013
Karen Younge answered:
hi,
First you need to decide if you are looking for a place to live in or if it is for an investment? Once decided, you will need to make sure your credit is good and then apply to see what the bank will lend you based on your credit if you are looking for financing. Start with this and then you can decide what you can afford. You can always contact me if you have any other questions in regards to looking for a property.
Karen Younge
Assoc. broker
Keller Williams Nyc
425 Park avenue 6th fl.
NYC NY 10022
kyounge@kwnyc.com
... more
0 votes 2 answers Share Flag
Lior Raviv, Real Estate Pro in woodhaven, NY
Tue Nov 26, 2013
Lior Raviv answered:
Our company PrimeHomesNY has PLENTY of properties for sale, that we sell directly to the buyer (You won't be dealing with a sellers agent because we own the properties) in that area. Check out our properties at PrimeHomesNY.com. If you find something that you like, give us a call. (718)-880-2170. ... more
0 votes 6 answers Share Flag
boogs11233, Both Buyer and Seller in Brooklyn, NY
Wed Oct 2, 2013
boogs11233 answered:
Hello I have a 3 family in Bed Stuy on Decatur St for $899K. It has been fully renovated with lots of original details coupled with a modern touch! My name is Al 347-782-1476.
0 votes 7 answers Share Flag
Marcia Prince, Real Estate Pro in New York, NY
Mon Sep 30, 2013
Marcia Prince answered:
I may be a able to help. I have a listing in your price range. My name is Marcia Prince and my mobile is (917) 603 -4556.
0 votes 5 answers Share Flag
Shaun Bryson, Real Estate Pro in Brooklyn, NY
Thu Sep 12, 2013
Shaun Bryson answered:
does the house needs renovations or repairs if it needs both probably a 203k is the best way to go
0 votes 5 answers Share Flag
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Tue Aug 27, 2013
Mitchell Feldman answered:
Dear Patrick:

Probably very quickly for that price in Brooklyn. If you need further assistance, feel free to contact me direct.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 3 answers Share Flag
Javier Menes…, Real Estate Pro in Melville, NY
Fri Jul 26, 2013
Javier Meneses answered:
In fact, it might be valued slightly less than other legal 2 family homes because of the fact it's being used as a 3.
1 vote 8 answers Share Flag
april1cruz, Home Buyer in Queens, NY
Thu Jul 25, 2013
april1cruz answered:
If I had to guess, Anthony is just making a statement. My guess is he is driving around NY, as have I and my hubby and everytime you see a decent house, it turns out it is selling for $700,000 or more. Homes we all know that went for well under that just a few years ago. Something isnt right. Just as the mortgage rates are climbing, unfortunately, so are the costs of homes in NY. Unfortunately, the only homes available online are ones that yes, are in the price range we want but are so very old (1940's) and nothing has ever been updated thereby needing so much work that it makes it impossible for someone to purchase a home in NY AND be able to afford to update it unless you have cash on the side. However, if you have cash on the side, that much ($50,000 and more to update) we would be using it for the down payment. ... more
0 votes 9 answers Share Flag
Mitchell Fel…, Real Estate Pro in Brooklyn, NY
Thu Jul 25, 2013
Mitchell Feldman answered:
Dear Jlee6229:

If you can purchase the condo without having to get the mortgage your credit should not be a problem as most condos do not check a buyers credit. Co-ops are another story... co-ops will run your credit and if it is not good they would most likely deny the sale. If you are having to get a mortgage, you better meet with a mortgage bankers and have them run your credit and review your income and assets to see how much of a mortgage if any you can secure.

If I can be of further assistance, please contact me direct. Either way, good luck!!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 6 answers Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Tue Jun 18, 2013
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.nyc.gov/html/nypd/html/crime_prevention/crime_sta…
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
... more
3 votes 2 answers Share Flag
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