Step-by-step to buying an apartment in Brooklyn

No matter if you have lived in a rented apartment for years, or if you are moving to Brooklyn for the first time – you are in the right place if you are looking into buying an apartment in Brooklyn. This process can last longer than you expect, and it can put you under a lot of pressure, but if you start your search prepared for what is waiting for you – everything will go smoothly. World Real Estate Directory is your reliable partner if you’re planning to relocate to Brooklyn from abroad.

Prepare yourself mentally

Buying an apartment in Brooklyn is a daunting task. The entire search will last longer than you expected. Purchasing apartments in this part of New York is a growing trend, and the market is tough. Buying your first flat is probably going to be the largest investment you have ever made, so it is very important to have a good strategy and to do your homework before you go shopping.

Create a budget

Before you start looking into the neighborhoods and real estate websites, you should calculate how much you are willing to spend. Do you need a mortgage loan or are you ready to pay in cash? Think about how much can you afford to spend – either way. What do you want your life to look like after buying an apartment in Brooklyn? A loan officer can help you decide what is best for you, so schedule a meeting with one.

Image of a man scheduling a meeting with lender before buying an apartment in Brooklyn.

Schedule a meeting with a lender as soon as possible, if you are planning on using a mortgage loan for buying an apartment in Brooklyn

Search for the right neighborhood

If you have not already been to Brooklyn, this can sound silly to you. But, it is far larger than what you have expected. Location is the most important attribute in any real estate purchase. Each of Brooklyn’s neighborhoods has something different to offer. Some areas can fit you far better than others. There are many things to take into a consideration – proximity to transport, shops, schools, your workplace, parks, crime rates, quality of life, etc.

Hire a real estate agent

With so much information already available online, most people think that buying an apartment in Brooklyn can be done easily. The truth is – you don’t need to know and do everything on your own when buying an apartment if you hire a real estate professional. They can identify comparable sales and hand these facts to you, or point you in the right direction. You may like an apartment that is on the market for $550,000, but an agent will know if you can get it at the lower price.

Image of man in a suit.

Finding a reliable real estate agent when buying an apartment in Brooklyn is not as expensive as many people think

Ask your agent to write an offer on your behalf and start negotiating

Once you’ve found an apartment you’re interested in buying things get much harder. Your agent will present your offer to the seller’s agent, or to the real estate owner, and will keep you up to date on how the negotiations are going. Negotiations can take a while, but if you stay flexible – you will make a deal that benefits both sides. Once you and the seller have reached an agreement on a price and everything else, the house will go into escrow. It protects both sides in a transaction by ensuring that the buyer and the seller perform according to the provisions of the deal.

Get a home inspection before buying an apartment in Brooklyn

Your agent will help you arrange to have apartment inspection conducted within a few days of your offer being accepted. This protects you by giving you a chance to renegotiate your proposal or take it back without paying a fine if the inspection reveals important material damage.

After your escrow is closed it is time to move

Just like when you are buying an apartment in Brooklyn when you are moving – you will need a solid plan before taking any action. Get a planner and start making notes. Plan your time, and try not to postpone any of the tasks. Stick to your schedule.

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Creating a good plan is a key to moving without stress

Hire a moving company to handle the hard work

Buying an apartment in Brooklyn will put you under a large amount of stress pressure, so why don’t you hire movers and relax? A reliable moving company like U. Santini Moving and Storage Brooklyn, NY will take care of your belongings and transfer them to your new address. Hiring a moving company will give you more time to focus on other things, such as your new apartment decoration.

Start Packing

When you are moving to the new apartment, the first thing you want to do is to get rid of old items that pile up over the time. Some of that stuff you can sell online, or donate to the ones in need. It is really your choice, but decluttering is mandatory. When it comes to the packing itself, it is time to start sorting! Try to stay as room-specific as possible. Start the packing process with items that you don’t use at the daily bases, and gradually finish with ones that you do.

Change your billing address and cancel services

It is very important that you change your billing address right after buying an apartment in Brooklyn. Cancel services from your internet provider, and don’t forget about your magazine’s subscriptions. Also, some companies renew memberships automatically. If you are looking to save some money, cancel their services before getting charged for the next month. If you are moving locally, you might not need to cancel your library or gym memberships, but you should look for short distance movers in Brooklyn.

Things to do before moving to your new apartment

  • You should change the locks on the exterior doors right after buying an apartment in Brooklyn.
  • Clean your new place before unpacking.
  • Repaint all the walls as soon as possible.
  • Have the mechanical equipment (such as the heating and cooling system) cleaned and serviced.