Queens Homebuyer Newsletter: MAR 2024

Hi all, hope you’re doing well! Below is this month’s edition of our Queens Homebuyer Newsletter. In this month’s edition we cover a primer on Treasury Spreads, some information about the lack of housing supply, and some information on the recent NAR settlement regarding real estate agent commissions. A lot of interesting things happening lately […]

What is a Concession in Queens Real Estate?

In the world of Queens real estate transactions, negotiations are paramount. Buyers and sellers often engage in a delicate dance to reach an agreement that satisfies both parties. One of the key terms you may encounter during these negotiations is a “concession.” But what exactly does it mean in the realm of real estate? A […]

Queens Real Estate Market Report: Q4 2023

Last Updated on January 26, 2024 Queens Real Estate Market 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/2024/01/Queens-Real-Estate-Market-Report_Q4-2023.pdf https://www.queenshometeam.com/wp-content/uploads/2024/01/Queens-County-Monthly-Indicators_DEC-2023.pdf Market Snapshot That’s a wrap for 2023. As we write this market update, we’re already in the new year (2024) and already off to […]

What happens when a Queens Condo Board won’t Let you Close?

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 […]

Queens Real Estate Market Report: Q3 2023

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 […]

Common Contingencies in a Queens NY Real Estate Contract

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, Title, and Title Insurance?

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 […]

Client, Customer, or Prospect, which one are you?

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 […]

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 […]