What is an Escalation Clause (AKA Escalator Offer) and How does it Work?

In case you don’t know what this is, here’s the skinny: A buyer, hoping to beat out all other offers, will include an escalation clause in the offer that reads something like, “Buyer to beat all competing offers by $1,000 up to a price of $700,000. Seller to provide copies of competing offer to buyer […]

What you need to know about Preferential Rents

Source: Housing Stability & Tenant Protection Act (HSTPA) of 2019 A preferential rent is a rent which an owner agrees to charge that is lower than the legal regulated rent that the owner could lawfully collect. Pursuant to the Housing Stability & Tenant Protection Act (HSTPA) of 2019, tenants that were paying a preferential rent as […]

Your Guide to Rent Increases for Rent Stabilized Apartments in NYC

Source: www.hcr.ny.gov This fact sheet will be updated annually to reflect the new lease guideline rates. It can be reviewed along with a rent registration history of an apartment to assist in determining if the apartment’s registration status and the rent being charged are lawful. The apartment rent registration history and a rent overcharge complaint form can be […]

Pitfalls of Selling an Apartment in NYC

By Daniel Akerman, Listing Specialist with the Queens & Manhattan Home Team at Keller Williams Realty. Need Help? Contact Dan at (646) 844-5770 Selling a home anywhere is a stressful process under the best of circumstances.  A quick search on Google for “most stressful life events” will return page after page after page of results […]

Understanding Coop Flip Tax in NYC

By Daniel Akerman, Listing Specialist with the Manhattan Home Team at Keller Williams Realty Landmark II. One of the many closing costs that sellers and buyers may come across in the sale or purchase of a New York City co-op apartment is something called the “flip tax.” In this article we’ll take a quick look […]

How to Prevent Water Pipes from Bursting in your Queens’ Home

As a homeowner in Queens NY, one of the most crucial responsibilities is safeguarding your property from potential damages caused by harsh winter weather. Burst water pipes can lead to costly repairs, property damage, and inconvenience. In this blog post, we will explore some essential tips to help you prevent water pipes from bursting, ensuring […]

Queens Real Estate Market Report: Q2 2023

Queens Real Estate Market Report: Q2 2023, courtesy of the Queens Home Team at Keller Williams Realty Landmark II. Need Help? Contact Us Data Source: https://www.queenshometeam.com/wp-content/uploads/2023/07/Queens-Real-Estate-Market-Report_Q2_2023.pdf Market Snapshot Welcome to the third quarter of the year. Now that Q2 is in the books, we are reflecting back to see what the current market trends are, […]

Will I save Money Selling my Queens Home without an Agent?

Selling a house in Queens can be both an exciting and nerve-wracking experience. Among the many decisions you’ll need to make is whether to enlist the help of a local Queens real estate agent or go the DIY route and sell your home without professional representation. While saving money is a tempting proposition, it’s essential […]