My Brooklyn Report

the Home Buying Guide on Brooklyn Short Sales is set for release on 10/26/11 – Reserve Your Copy NOW – Available for a Limited Time Only.

I know, I know.

The last post you saw published here was on the problem with property sales data in New York City.

Trust me, I haven’t been lounging around the offices of Corley Realty Group these past few weeks. In fact, there’s been a lot that’s gone on.

Between moving to our new office Downtown Brooklyn, hiring new associates and working on some challenging property sales, there’s been little breathing room.

Since our humble beginnings back in July 2009, I and a small team have been hard at work bringing you coverage of New York City’s other real estate world: Brooklyn. We made our bones by delving into stories about 1576 Fulton Street and places like it, while raising attention to the dark side of foreclosure [...]

Some recall the lyrics to Sam Cooke’s ballad during their teen years, while others were first introduced to the prayer-like testimony from the Malcolm X motion picture by Spike Lee. Both the title of the song and the famous quote by the slain activist offer inspiration for a new paradigm that has yet to be [...]

Few people get the chance to talk about the place they grew up. I’m fortunate to have that opportunity provided by the good people at Bed-Stuy Blog, Bedford Stuyvesant’s window to the world for visitors to get a glimpse of the place mentioned in Jay Z’s lyrics, Spike Lee’s movies and Charles Hobson’s television broadcasts from [...]

Just as we were going to publish the first installment of our 7 part series on Short Sales in Brooklyn Real Estate, our editor wanted to make sure our readers were not only receiving great information about short sales, but also knew where these opportunities were. I thought the suggestion made a lot of sense [...]

The new real estate business in Brooklyn is Short Sales. Well, it’s not that new.  Since 2008, short sales have grown as the primary technique available to real estate agents in selling a property for a homeowner in financial distress. With record mortgage defaults leading to foreclosure filings by lenders, real estate values throughout New [...]

The Home Buyer Tax Credit is about to expire.

Anyone interested in buying a home must have a signed contract of sale dated on or before April 30th 2010 and close on their purchase by no later than June 30th 2010.

If you have the above in order, then your close to being eligible to receive $8,000 as a First Time Home Buyer or $6,500 if you’ve been a homeowner 5 out of the last 8 years.

While a buyer’s income and other factors will also determine eligibility, those eager to become homeowners are rushing to make offers and contract their purchase before the deadline.

But are there enough people buying in Brooklyn to purchase the enormous number of homes for sale?

The process appears simple. You call a few real estate brokers about homes you’re interested in and after brief consultations with each broker you schedule appointments for a weekend you can view them. After viewing a few properties you narrow your choices to those that meet all or most of your wants and needs. You make an offer and, if your fortunate, the broker informs you that the owner has accepted it. Congratulations, your work is done. Or is it?