Mortgage Rates Fall Again! – Own a 2 Bedroom Condo for $1,700 A Month

Mortgage Rates Fall Again! Now, you can own a 2 Bedroom Condo for $1,700 A Month. Read on to find out how.

In a statement made by Freddie Mac yesterday, the average rate for a 30-year fixed loan dropped to 4.12 percent, the lowest in the company’s records dating back to 1971. The average 15-year rate fell to 3.33 percent from 3.39 percent.

What does that mean for you, the buyer, in dollars and cents?  Here’s and example.Interest Rates Hit All Time Low Again

248 Sumpter Street, a two bedroom condo in the Bedford Stuyvesant/Ocean Hill section of Brooklyn is listed at $239,000.

$239,000 - Offer Price
$47,800 – Down payment of 20%
$191,200 – Loan Amount
$926.00 – Monthly Mortgage Payment with 4.12% interest rate
$583 – Common Charge (includes heat, hot water, gas)
$80 – Electric
$125 – Taxes

$1,714 – A Month to own this condo

So for $1,714 a month you can own a 1,000 square foot two bedroom condo. That’s less than a lot of people are paying to rent a two bedroom apartment, and that’s not including they gas and electric charges.

The market seems very rocky now, but consider this, if you rent an apartment for a year for $1,700 a month you will have given your landlord $20,400 that you will never see again. If you own, when you sell your property, after holding on to it for several year until the economy recovers, you can get back the money you paid plus any profit. The times we live in are financially scary right now, but the opportunity to own for less than ever before is great.

If you’d like more information about buying a condo, co-op or townhouse in Brooklyn, give me a call today at the number below.

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How To Rent An Apartment In Brooklyn, NY Part Two

How To Rent An Apartment In Brooklyn, NY Part Two

A week or so ago I wrote part one of “How to Rent an Apartment In Brooklyn“.  Here’s the second half of my guide for renters.

Let the Search Begin

Once you’ve established your budget and the neighborhoods you can afford to live in, go and visit those neighborhoods, especially if you Apartment for Rent Signare not familiar with them.  Visit on a Saturday night, during the day on a weekday and a weekday evening.  Note the streets close to transportation.  Note where the stores, post office, banks and what have you are.  Get a feel for the area.  Check the advertisements for apartments in local realtor’s window displays.

Viewing Apartments

Don’t be late for appointments.  You want to put your best foot forward so that the landlord will like you and want to rent to you.  Showing up 20 mins late for an appointment can mean the difference between getting the apartment and losing it to someone else.  If it’s a great apartment in hot area, you’re not the only one interested in it.

When it comes to looking at apartments, the best advice I can give is take notes.  Take pictures (always ask first, especially if the space is occupied).  After you’ve seen a number of apartments the details start to blend together and notes or pictures will help you keep all the apartments straight in your mind.

Remember, you’re not an intruder or a peeping tom.  Take your time and take a good look at the place, even if the renter or landlord is present.  Feel free to open closets and cabinets.  Its expected.

So, do you like it?

If you find a really great place that you love at a really great price in a really hot neighborhood be prepared to say you want to rent it on the spot.  If you need to think for a moment or two ask the landlord or Realtor to let you do just that.  He or she won’t mind.  If you need a little more time than that, go home and think about it, but don’t take too long.  The next day may be too late.

The Application Process

Make sure all your documents are neat and legible.  They are a reflection on you and again can mean the difference between you getting the apartment or the competition.

Many of the landlords I work with like to do a formal meeting with potential renters before they make a decision.  Be prepared for that.  The interview is also a great time for you to get to know the landlord.  Does the landlord seem tyrannical?  Does the landlord seem like some you can easily work with?  Get a feel for him or her.  Remember, if he or she lives in the building that person will be your neighbor.

Once you and the landlord have decided that your living there will be a good fit, the next step is the lease signing.  All the terms that the landlord has for your tenancy will be laid out then.  Read the lease and any riders.  You’ll have to live by them, so you should know what they say.   Once the lease is signed, you’ll get the keys and you can move into your new apartment.

There is work involved in finding an apartment to rent in Brooklyn, New York, but if you use this guide, and opt to use a good realtor, it can be a piece of cake.  Or perhaps a slice of big apple pie.

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Beautiful 2 Bedroom Condo For Sale – Bed Stuy – $239,000

Condo Apartment For Sale in Bedford Stuyvesant

248 Sumpter Street, 3A

Large Two Bedroom Condo
Listed at $239,000
Plenty of Room, Plenty of Light, Convenient to All

238 Sumpter Living Room

238 Sumpter Living Room

238 Sumpter Dining Room

238 Sumpter Kitchen

238 Sumpter Master Bedroom

238 Sumpter Second Bedroom

Spacious is the word that describes this well maintained 2 Bedroom Apartment.

With pristine hardwood floors throughout. There formal dining area is deal for parties and family get togethers.   The kitchen area has a dining nook great for breakfast with the kids.

The bathroom has a bowl sink and designer tile. There’s a washing machine in the apartment and a full laundry in the basement.

Two blocks from the C Train, 10 minutes walk to the J Train and 10 minutes to the L train. There’s plenty of bus transportation as well. This is a must see. Call Elaine at 917-544-2662 to see it today!

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Open House Sunday Sept 4 – 209 Clinton Ave, Apt 14 Brooklyn, NY

OPEN HOUSE
209 Clinton Ave, 14E
$299,000

Sunday Sept 4 from 2:30 pm to 4:00 pm

209 Clinton Avenue, Apt 14E Livingroom

209 Clinton Avenue, Apt 14E Livingroom

209 Clinton Avenue, Apt 14E Kitchen

209 Clinton Avenue, Apt 14E Bathroom

209 Clinton Avenue, Apt 14E Bedroom

his sunny 800 Square Foot One Bedroom Co-op Apartment is spacious and inviting and situated right on the border of Clinton Hill and Fort Greene. Its three blocks for the famous Fort Greene Park and one block from Fort Greene’s Restaurant Row

Walk two blocks to the G Train. Six blocks to the C Train. 20 mins to Downtown Manhattan. 5 Mins to Downtown Brooklyn. Bus service – B38, B52 and B54. Pratt, St Josephs College, Metrotech and Long Island University all in walking distance!!

It has 7 Closets, that’s right 7!!

Formal dining area.

24 Hour Security.

Laundry Rooms on site.

Storage and Parking Available

Manhattan Views!!

If you can’t make it to the open house, feel free to call me at the number below to set up a showing or click here to email me.
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Open House Sunday September 4 – 365 Clinton Ave, 7A Brooklyn, NY

OPEN HOUSE
365 Clinton Ave, 7A
Price Reduced! – $299,000

Sunday September 4 – 12:30 pm to 2:00 pm

365 Clinton Avenue, Apt 7A Livingroom

365 Clinton Avenue, Apt 7A Livingroom

365 Clinton Avenue, Apt 7A Kitchen

365 Clinton Avenue, Apt 7A Kitchen

365 Clinton Avenue, Apt 7A Bedroom

Spacious and well lit, this apartment has it all, a large living room and a bedroom that can easily accommodate a king sized bed.

There’s an additional room that can be used as a formal dining room, second bedroom or office; you choose. Parquet floors and large windows with fabulous views make this a comfortable and attractive home.

The kitchen has granite countertops, microwave and matching stove and refrigerator. The modern glass front cabinetry includes a wine rack.

The bathroom has a pedestal sink and rain water shower head. Five nice sized closets insure that you have plenty of storage space.

There’s a recently renovated laundry room on site and 24 hour security and maintenance staff. Storage and parking available.

If you can’t make it to the open house, feel free to call me at the number below to set up a showing or click here to email me.
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Today Was A Good Day…

I had a good day today.  Not because anything spectacular happened, its was really a very ordinary day.  I got up and dressed, ate my breakfast (whole wheat toast with a little cheese)  and prepared my “to do” list for the day.Cartoon Daisies

Once I was out the door, after reading and answering numerous emails, I went to look at a very nice 1 bedroom apartment in Crown Heights that’s for rent for $1,200 a month, dropped keys off for another apartment that has been rented, and showed a co-op apartment to a client.

I then went to the office for a while and met some walk-in clients.  I showed a rental to a very interesting school teacher who is also a painter and a horse trainer (I love my job because I get to meet people like her) and sat and talked with my broker and another agent about real estate related stuff until 8:00 pm.

Like I said, it was an ordinary day in the life of a real estate agent, but I enjoyed it.  The weather was fine, I got to see a couple of great apartments (I love that too, what can I say) and I met some really great people and enjoyed some really great conversations.

It was a good day because I chose to enjoy the everyday things, which truthfully is what most of our days are made up of.  Though I didn’t win the lottery or close on a million dollar brownstone, I will lay my head down feeling happy and content because today wasn’t exceptional, but it was good.

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Atlantic Yards and the Shrinking Sidewalks

I found a very interesting blog post at www.streetsblog.org regarding the shrinking sidewalks surrounding the Barclays Center.

Will the Barclays Center draw thousands of fans who will take public transportation to the venue and walk around the area spending their dollars and bring economic plenty, or will drivers clog the area zooming in and then zooming out without contributing anything except air and noise pollution? The proposed reduction of sidewalk widths surrounding the mega complex suggests the latter. Interesting post…

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209 Clinton Avenue, Apt 14E Brooklyn, New York – New Price

209 Clinton Avenue, Apt 14E
Brooklyn, New York

One bedroom, one bath Co-op Apartment

New Price – $299,000

209 Clinton Avenue, Apt 14E

The View

The View

The View

7 Closets, that’s right 7!!

Formal dining area.
24 Hour Security.
Laundry Rooms on site.
Storage and Parking Available
Manhattan Views!!

Just 3 Blocks from the G Train. 6 Blocks from the C Train. 20 mins to Downtown Manhattan. 5 Mins to Downtown Brooklyn. Bus service – B38, B52 and B54. Pratt, St Josephs College, Metrotech and Long Island University all in walking distance!!

To see this apartment call, email or text me at the number or email address below.

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