By Daniel Akerman, Listing Specialist with the Queens Home Team at Keller Williams Realty Landmark II. Many people are familiar with the fact that in New York City many properties that are purchased are in co-ops, and they are aware of the unique powers that a co-op board has in approving or denying a purchase […]
A listing agreement (or listing contract) is a binding contract entered into by the seller of a property and you, as the seller’s listing agent. There is no requirement that the listing agreement be on a specific form. However, to be legally binding it must be written in clear and unambiguous language, and it must […]
Hi all, below is our latest roundup of articles, resources, and content related to NYC homebuyers. Take a look and let us know if you have any questions. As always, if you need any advice or recommendations, feel free to reach out anytime. New York is Paying Homeowners up to $125K to Build an ADU […]
Queens Real Estate Market Report: Q3 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/2023/10/Queens-Real-Estate-Market-Report_Q3-2023.pdf Market Snapshot The third quarter of 2023 brought both challenges and opportunities to the Queens real estate market. Pricing in Queens remained competitive during Q3, with a quarter […]
Contingency clauses that outline additional conditions that must be met before a sales contract is enforceable are often part of a sales contract. Both buyers and sellers can add contingencies to a contract. A contingency clause must include three pieces of information, including: The actions necessary to satisfy the contingency The time frame for addressing it […]
What is a Deed? The deed is a legal document used to establish proof of ownership. It provides some assurance to the buyer that the seller has the right to sell the property. Usually a third party is hired to conduct a title search in an effort to uncover evidence that the title can be […]
Below is our latest roundup of news, articles, and content related to NYC homeowners. First is an article from Yahoo Finance which talks about the housing market and what may be next for it. Second is a write-up about the Plus One ADU Program which provides grants to homeowners across New York State who add […]
In the world of New York City real estate, there are specific terms used to categorize individuals involved in the buying or selling process: client, customer, and prospect. These terms may seem interchangeable at first glance, but they hold distinct meanings and implications within the industry. In this blog post, we will delve into the […]
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 […]
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 […]
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