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Making an Offer at First Sight

On Sunday I went to two open houses in one of my ideal neighborhoods (the uncool parts of Brooklyn that are not Cobble Hill, Williamsburg or Bushwick). Both homes were clearly out of my price range but I was curious to see what I could get in a higher price point. Sadly, I realized that even with a larger price bracket, I wouldn’t get a larger, more updated house. Even at my price point, I can only afford an attached fixer upper in this part of Brooklyn.If I’m extremely lucky I would get three decent sized bedrooms.

I liked house # 1, still, I couldn’t imagine making an offer on this property. It had a lot of pluses. It was a two unit property known more commonly as a Mother/ Daughter. The top floor or first unit had two bedrooms, with a kitchen, dining area, living room and bathroom. The second floor had one bedroom, living room, kitchen and bathroom. Each unit had its own entrance. There was even a patio and garage in the back. I liked the layout of the house. I liked the idea of …
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House Vs Coop

Initially when I started my home search I was looking for a two-bedroom coop apartment in Brooklyn.  However, for the last few weeks I’ve been looking at houses.  I had no desire to own a house before. I always thought that house ownership would be too much work to maintain and that I was not mentally or physically prepared to deal with all of the responsibilities of house ownership.  Even now, typing this, I’m feeling rather overwhelmed by the idea of shoveling snow.  But I can’t deny that there are a ton of perks of having a house that are simply not available with a coop. For one, there isn’t a coop board to snoop around my finances, ask about my further plans for the property and hurl intrusive questions at me about why I had student loan debt.
I guess my shift in thinking began late last year as I started attending more open houses.  I fell in like with the idea of having more space and possible having a tenant to assist me with paying my mortgage each month. I realized that in…

Almost Debt Free

Four years ago, when I started this blog, I was obsessed about homeownership. It was all I thought about. I was in contract to purchase my first home and I also recently graduated from a master’s degree program. Needless to say, I was cocky and confident. I was optimistic. I thought that everything was falling into place. But then the coop board denied my application and the job that I thought would materialize did not.  I was sad and angry for a long time. I stopped blogging and became even more depressed as I couldn’t find a home in my preferred neighborhood or my price range. I knew someone who had contacts on the coop board and I asked them to enquired about my application and why I was denied.  He was informed that I the coop board was concerned that I did not have enough cash and they wanted a cash buyer. They were also concerned about my student loan debt. As I had just recently graduated from school, I hadn’t yet started repayment. I left graduate school owing Sallie Mae appro…

Single Female Buys Home

Over the last several years, I have attended a ton of open houses and house tours here in Brooklyn. I have noticed that a lot of the potential homebuyers are single and female like myself. Because this homebuying process has been so competitive I have never really surveyed the competition to find out why they chose to buy a home alone. For me, I have always wanted to own something whether I was married or single. I have always had a strong desire to decorate my own home, just how I want without the approval from a parent, a roommate or a landlord. I have also been curious about female homebuying struggles such as dealing with mortgage approval, real estate agents, coop boards or just searching for a property in general.
Female homebuying is not an anomaly. However, at these open houses I’m still met with these “poor dear” looks from real estate agents. Especially among male real-estate agents. I have found real estate agents as a whole to be rather aggressive. Granted they do work off…

I Got Pre-Approved!

So, I guess I’m really doing this now. After hemming and hawing for the last few months, I’m finally ready to begin the mortgage/home search. And what better way to start than getting pre-approved.  Last week, I spoke to a mortgage consultant and after submitting W2, pay stubs, banks statements, etc, I got pre-approved for a mortgage. The mortgage approval amount is pretty much what I expected if not too aggressive for my liking. I’d liked to find a lower priced property than the pre-approval amount.  Also, I’m not opposed to buying a property that needs a little work, I’m just not into doing any major renovation work.  I’m moving cautiously but the bottom line is, I’m once again looking at properties.  I’m really excited. I feel more comfortable, confident this time around. I'm a lot calmer. Maybe because I've been through this process before. I know what I want. I know what I need. I know where I want to be. I'm not intimidated by cost or pushy realtors. 
You, dear read…

Dipping My Toes

While surfing StreetEasy, I noticed that there was a new two-bedroom apartment listed in my ideal neighborhood. The price is absolutely ridiculously overpriced though I was curious and wanted to see the apartment in person. I knew from past experience that the apartment looks much larger usually in person than they appear on line. I clicked the call the agent feature on StreetEasy and I was connected to a Broker name Owen. Owen isn’t the listing agent however he would meet with me at the property and offer me guidance, realtor services if I needed to make an offer.  I wasn’t going to make an offer.  Firstly, the property was ridiculously overpriced.  Secondly, it was small.  The apartment opens into a small foyer where you can see the living/dining area. Left of the foyer was a retro pink bathroom, then a master bedroom with two nice closets (one of them a walk in).  The second bedroom is actually I half bedroom right off the kitchen. Owen made a point of telling me that the kitchen c…

Apartment Stalking

I have a confession.
I’m a stalker.
For the past two months, I have been stalking this perfect two-bedroom cooperative apartment online. Almost daily I view pictures on Streeteasy.com and Zillow.com and breathe a sigh of relief when I see that someone has not yet snapped it up. It’s not a huge place. It’s a two-bedroom apartment with a small kitchen and living/dining area. I have imagined hosting Christmas and dinner parties here. And boy do I let my imagination run wild with design ideas. I have painted the living room a nice grey and hung flowy white curtains to the windows where currently there are blinds. In the kitchen, I have stained the cabinets, modernized the hardware and changed the backsplash to glass tiles that I found at home depot. Despite the imaginary home decor ideas, the apartment is otherwise perfect and in move in ready condition. Except of course that I am not ready.
I am not ready to get off the fence.
I’m not ready to make an offer as yet.
Perhaps it’s a ca…