May God Bless The
United States of America

Happy Thanksgiving!

CB Reliable now has a Commercial Division providing services including:

• Real Estate Brokerage
• Seller/Buyer Representation
• Landlord/Tenant Representation
• Property Management
• Commercial Lending/Re-financing  

Our office is conveniently located in Bay Ridge, Brooklyn. Our Commercial Division has over ten years of commercial realty experience.

For a confidential no obligation consultation please feel free to contact our office at 718-921-3100.

Now is the best time in real estate history to buy property. Prices on average have fallen approximately 11% year over year from May 2008 to May 2009 for a single family home in Brooklyn. Interest rates are still low by industry standards and the market needs buyers more than ever. You must be prepared to  provide income source documentation, willing to put down a minimum of twenty percent and have the ability to repay the loan. Pick from the large inventory of homes that are for sale right now. In Bay Ridge, Brooklyn it takes, on average, seven and one half months for a house on the market to reach the closing. It may seem to the casual consumer that there is a lot of time to look and kick tires. Be careful not to waste your time. You're not the only one out there who's buying. Here's the plan:

1. Get pre-qualified for a loan from a reputable lender. Know how much house you can actually buy - ask your mortgage broker to create scenarios of loan amounts and payment costs. 
2. Find a neighborhood.  
3. Keep notes of the properties you viewed, take photos if permitted and narrow the field. If you're working with a realtor discuss potential offers and have the offers presented. Consider contingencies regarding contract fulfillment dates. 

You may actually do this in a different order but you most certainly should know what you can afford before looking at one house otherwise you're wasting your time.

Feel free to contact John Young at 718.921.3100 or john@johnjyoung.com to arrange an appointment for consultation.

• Member National Association of Realtors (NAR)

• Member New York Association of Realtors (NYSAR)

• Member NYSAR 2009 Article 12A Workgroup, Technology Forum, NYC Issues, MLS Issues and Public Relations Committees

• Member Brooklyn Board of Realtors

• Member Brooklyn MLS

• Member Bay Ridge MLS

• Certified Buyers' Representative

• PenscoTrust P2 Preferred Provider offering consulting services for IRA investments in real estate