The truth about buying a home in Bedford Stuyvesant
I have helped people buy their first homes since 1989. I have helped all kinds of people, in all kinds of markets and with all kinds of loans. Have I seen it all? Probably.
Bedford Stuyvesant is the HOT place to buy. But it’s confusing.
The desire to own a home in BedStuy is strong, but you may not know where to buy, and when you get out there you quickly discover how nutty this market really is.
I did mortgage loans in Bedford Stuyvesant as far back as 1990.
In 2004 I refinanced a beautiful home on Greene Avenue for a young couple. They needed to pull some equity out to buy the home next door. When I arrived at their house, I recognized that block. I had refinanced a home there in 1990. There were seven burnouts on the block back then. Several other houses were boarded up. Flash forward to 2004 and I saw only homes that were immaculately restored, or in the process of restoration.
I know BedStuy. I know that block to block can be a world of difference there. I know from looking at hundreds of houses in person when you’ve got potential problems at hand or when you have original details like pocket doors.
A little more here: An Englishman in BedStuy