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Brooklyn Bridge | New Home Buyer in Windsor Terrace

We might sound like a broken record here, but buying in Brooklyn is an emotional rollercoaster. It’s such a nuanced market that it’s tough to know the ins & outs, plus it’s extraordinarily competitive. This is even truer for self-employed individuals, as it can be difficult to cobble together the financial documentation necessary to get […]

Understand Transfer Taxes – and Their Loopholes

If you’re looking into buying a Brooklyn home, it’s important that you understand all the costs that come up at closing. There are seller’s costs & there are buyer’s costs – and one of the trickiest costs that come up are called transfer taxes. What are transfer taxes? A transfer tax is the tax charged […]

FHA LOANS: Qualifying Your Rental Income to Secure an FHA Loan

So, you’ve purchased a property & you’re collecting rent – now you want to get a FHA home loan. Luckily, there are some guidelines that can help you qualify the rent you collect as income, which can then help you secure the FHA loan.  There are, however, some lengthy rules to determine if your rental […]

Co-Ops vs Condos – Take Our Personality Quiz!

So we’ve gone into full detail about the difference between condos & co-ops, the two most common types of units available in Brooklyn – and even chatted a bit about condo-ops. While there are core differences between the two, it can be hard to choose which one is the right fit for you.  Lucky for […]

New Construction: Is it Right for Me?

New construction is a beautiful thing — literally. But as with everything, there are two sides of the story. Let’s see if new construction in Brooklyn is the right buying choice for you. What is New Construction? This term is used to describe a project that starts from the bottom up. You’re buying a new […]

Yep, You Need a Real Estate Lawyer—Here’s How to Find the Right One

Anyone buying real estate will need, at bare minimum, the help of three people—a mortgage lender, a buyer’s broker, and a real estate attorney. The attorney is the one who’ll prepare and negotiate the details of the contract and make sure your needs are being met and your investment protected. Many people wait until the […]

How to Win a Brooklyn Real Estate Bidding War 

While many New Yorkers are coping with being cooped up by seeking the solitude of upstate or the space of New Jersey or Westchester, there are still plenty of us stubborn enough to never leave. So many of us in fact, that many places with desirable features—an outdoor space, washer/dryer, a water view—are going for […]

Here’s How We’re Rethinking Real Estate During COVID-19

As the country adapts to changes in day-to-day life and new routines, we’re doing the same here at Realty Collective—making conscious choices that prioritize the health and safety of our team and clients while navigating this new normal.  Much of our work goes on as usual—yes, people are still buying, renting, and selling!—but we’ve instituted […]

What Could the Coronavirus Possibly Have to Do With Your Mortgage?

OK, we were surprised, too. But what at first sounds ridiculous can actually be pretty quickly connected to this week’s decision by the Federal Reserve to cut interest rates by half of a percent as an effort to head off the potential negative effects of the coronavirus on the economy. And while you might be […]

Brooklyn Bridge | Buying into Sunset Park, Brooklyn

Brooklyn Bridge is our new series featuring our clients’ real stories of what buying in Brooklyn is really like. Buying a home anywhere is a challenge. But buying in Brooklyn is a true journey. Finding that just-right combination of affordability, location, style, and livability can sometimes feel overwhelming. That’s why we wanted to bring you […]