Really Real-Real Estate ( park slope, brooklyn )

the holidays are all behind us. even the red heart day as well. the wintry days are slowly getting warmer. nights are getting shorter. folks are coming out to explore and play more.

interest rates are stable enough, and the amount of places to explore on those open houses are becoming more than can be done within a weekend, better walking shoes needed. there are still way too many silly foolish sellers, thinking of a time long gone. the times when they thought they could garnish such high prices, and actually get them.

funny is on the sellers. for there are even more places on the block as well. with buyers deciding to sleep on a thought. even for another night of sleep before deciding. yup, more tire kickers looking. add to it, still too many sellers with egos as big as their asking prices.

yet too many never realize that the god, called the appraiser is calling the shots. they determine the price for the banks to decide upon approval for the mortgage for you. those appraisers are impartial.

yet everyone or enough are still trying to regain a time of yesteryear. hmm, those folks need to be dialed in to prices are vastly different today. why remain looking in the rear view mirror when you need to be looking forward. for we are yet again upon a cycle of it being more a buyers market. remember that sellers.

recently renovated loft like 1br. yet the upper area can be the sleeping area. use the bedroom as a den, office, etc.

close to both the ( F) 15th street & fort hamilton parkway subways. walkable to the park.

2 family starter home. bsmt has a quaint studio rental. owner portion has a lovely yard, 3 br and airy kitchen.

this place is not too wide, yet a decent place to begin calling a place home for yourself. along with a rental to help with the mortgage.

so now you are pondering finding a mortgage to the place to call home. hmm, are you aware of: full doc, stated doc, & a no doc loan? maybe if we explain it more like this...

full document loan is like getting out of the shower, butt ass naked and everyone is looking at you. they see all the blemishes and faults and the good and not so good. translated, the bank has all your financial papers, credit score, defaults, outstanding loans, length of time at work and dwelling, along with all the dirty gritty details of your financial history.

stated document loan is like being in your underwear with maybe a robe slightly covering you up. translated, the bank sees some of you, and the rest they take what you tell or state to them. with some restrictions and allowances.

no document loan is like being fully dressed for winter with the hat and gloves with scarf wrapped around you. translated, the bank will take what you tell them almost at face value, with little information supported.

alright, lets explore employment with each of these. and rates.
full doc: you are steadily employed with corporate america. potentially best rate to be had.
stated doc: maybe self employed, or slight irregularity with your credit. rates a bit higher than a full doc rate.
no doc: maybe self employed with sketchy income. maybe severe credit issues, or a bankruptcy. rates are even higher than the stated doc rate.

whether you are between three months to two years, about to renew; maybe you are still pondering the trials and pitfalls of attempting to get it right. oops as i scribe, there was an agent walking past the window, dressed in full casual attire. torn jeans, old battered sweater, messy looking dusk covered jacket, and moth eaten hat. what a first impression that agent is leaving in their wake. attire is important. hey, look at the top brokers and most look the part, unlike the one who is painting the apartment on their own look, in public.

wishes? chasing all price points? oh, what if you could stay focus on a certain area or neighborhood. become how focused are you? stretching yourself all over the city, or borough, rushing to fulfill everyone'sthe specialist in that area. even pinpoint yourself within a certain area. like condos only, co-ops, families, or folks with pets only. stay the course and see how many will come to you. instead of the other way around.

yup stay more focused. be clear with where to know. clear with a type of property. hey, you will even have time for a social life as well. yeah free time to enjoy life.

oh my gosh, there are still way too many folks who are thinking a bit in reverse with finding a place to call home. why are folks going out with some thought in the air of how much they can afford; seek out a few places, haggle with a price, then afterwards find a mortgage to fit their price tag. only to realize they may not get the dream home. why is that so?

think of it like going out to buy food for a huge party and you only have 2 dollars in your pocket. the store won't allow credit, and the food may spoil by the time you return with the proper amount in hand. ha ha ha...

another way of going about finding the huge investment of time and money along with getting your dream place. would be to seek out the true dollar amount you can really afford. find that mortgage broker, maybe a bank.

first figure out how long you intend to live there. make sure you are truly honest with your finacial picture. otherwise it will come out in the wash. making everyone who would have worked with you, a waste of time and beyond pissed off. in addition, creating the grave opportunity that you would need to start all over again with the grueling process.

the weather is creeping up with the warmer temperatures, with also is slightly more places to look at. not to mention there are more folks also looking, like yourself. there will be a time very shortly when you will not be able to sleep on the idea, to call a place home or not.

soon there will be many others searching through the same apartments, also making attempts of decisions to call it home, too. for the brief time remaining until the temperatures begin to swell up, you will need to make sure-

that you and whomever will be living with you, to all be available to view places. together, with the agent or broker. make sure you have several times and days you can view. since it's not always going to be the very second you call to see.

landlords and keys and access need to be confirmed. as well as not only your availability, but the agent/broker showing you the place, in hopes of calling it home.

for those first time home buyers. beware, yes beware of the vultures and wolves out there who will prey upon the newness of you seeking that place to call Home for the first time. get a jump ahead of the unspoken rules of the land to arm yourself.

for those new rookie agents who are recently and not so new to the field, now is the time to seize the opportunities of bringing your craft to the next level.

if you are already swimming in the shark infested waters, give me a call and lets discuss what can be done to smooth and calm the waters in making it better for you. if you're about to jump in, start with me to arm you with the right info to get it right. contact me for rates, and lets begin.