Hi all👋, hope everyone is having a nice February! We just wanted to reach out with some information that you may find helpful as a local Queens homeowner. Take a look when you have a chance and let us know if you have any questions 🙂
Our Favorite Cleanout Company
Our favorite cleanout company is Cleanco Cleanout Service. They’re located right here in Queens, they are family owned and operated, they’re Licensed & Insured, and they provide free estimates. We’ve tried out several cleanout companies throughout the years, and after a lot of client experiences, we’ve found that Cleanco is the most reliable, most professional, and most reasonable in terms of price. If you ever need to do some decluttering or a full on cleanout, give them a call. Tell them Queens Home Team sent you and they’ll take good care of you 🙂
Click Here to see Cleanco’s Google Business Profile
Queens Small Business Grant Program
We also wanted to let you know about a new grant program in Queens that is targeted to local small business owners. If you know any small business owners who could use some assistance, feel free to share the link with them. If you own a multi family or investment property, you may also qualify. Hopefully this can help small business owners and landlords survive and thrive during these tough times.
New Episode of Real Talk with QHT out Now
In this episode, we sit down to talk about everything that happened in the Queens’ market in 2020, trends that we saw in each quarter, and where we think the market is headed in 2021.
Interesting Article on NYC’s Multi Family Market
We recently read this article and thought it was pretty interesting. This article talks about several things like impacts of the pandemic, shifts in demand, etc. One key takeaway is the fact that Brooklyn and Queens appear to be much more resilient than Manhattan. We can attest to this because all of the multi family properties that we’ve listed in the last 90 days have all gone into contract at fair prices. The big variable here is the fact that the rental market still appears to be down, and the possible waive of evictions continues to loom over the local market. We personally know several owners whose tenants are not paying and it is weighing on them financially. We also know some landlords who are renting their apartments for less than they were getting last year. Would love to hear your take and what kind of things your seeing in your area.
Tax Tip if you’re Planning to Buy a Property this Year
We recently spoke to one of our favorite mortgage lenders and he told us that if any of the people in our network are looking to buy a property this year, they should probably speak with a lender first to see if they should request an extension on filing their taxes or not. Reason why is because if a buyer’s 2019 and 2018 returns look good, but their 2020 returns won’t look so good, it may make sense for them to request an extension on their tax filing. This is an oversimplification of the advice he gave us but in short, if you’re planning to buy a property this year, our advice would be to speak with a mortgage lender so that they can guide you properly and let you know if requesting an extension makes sense for you 🙂
On a related note, conforming loan limits were increased for Fannie Mae and Freddie Mac. This is huge, and the new loan limits are much more in line with Queens’ home values so it should definitely help buyers have more buying power in different areas of Queens. If you have any questions about the 2021 loan limits, let me know and I can send you more details.
2021 Tax Rates and Tax Brackets
Yay Taxes 😂 Last thing we wanted to tell you about were the updated tax rates and tax brackets for 2021. Feel free to take a look when you have a chance. It’s a pretty clear and easy to understand breakdown of the new tax rates. If you have any questions or need a good accountant, let us know and we can send you the name of our favorite accountants 🙂
Well, hope you find this informational helpful in some way. As always, if you have any questions or need any real estate advice, feel free to reach out anytime.
Take care 😊