Bay Ridge is a largely middle class neighborhood. With its strong family presence, it is not uncommon to see third or fourth generation families living in the region. Bay Ridge has been known for its large Italian population which was illustrated in the 1970’s movie “Saturday Night Fever”. Bay Ridge also has a sizable Irish, Greek, German and Scandinavian population, but like other areas in South/Southwest Brooklyn, it has recently seen a large influx of Polish/Russian immigrants, and a smaller amount of Chinese. Most of it’s population is Roman Catholic, but there is a notable Jewish minority. In recent decades, a large variety of other people have moved to Bay Ridge. Bay Ridge also has many international restaurants and bars, especially along 3rd and 5th Avenue, its main commercial strips. Many refer to the community as “Brooklyn’s Gold Coast.”
Table of Contents
- INTRODUCTION
- New York City – The best place in the U.S. To buy
- About New York City
- Why buy property in NYC?
- Why buy now?
- Why is buying better than renting?
- The buying process
- Choose Real Estate professional
- Set price range
- Determine how to pay
- Mortgage Prequalification
- Select price range
- Determine search criteria
- Why are you buying?
- What do you want in your new home?
- Choices
- Review and visit homes
- Search for homes
- Select home
- Offer
- Prepare and present
- Negotiate and accept
- The Legal Stuff
- The negotiation process
- Selecting an attorney
- What is due dilligence?
- The contract
- The mortgage process
- Board approval
- The “walk through”
- The closing
- Estimated closing costs – Coop Purchase
- Estimated closing costs Coop Sale
- Estimated closing costs – Condo Purchase
- Estimated cosing costs – Condo Sale
- Estimated closing costs – New Construction Condo Purchase
- Disclaimer
- Credits
- Glossary of real estate terms
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