Below is a summary of some information that we came across recently and thought you might find helpful. First is an article about the neighborhood of Queens Village, Queens. If you’ve been looking to buy or are still exploring neighborhoods in NYC, this is a good read. Second is an article about living in Howard Beach, […]
By Daniel Akerman, Realtor and Listing Specialist with Keller Williams Realty Landmark II. The Best Kept Secret in NYC Real Estate Did you know there’s a way that both the buyer AND seller of a property in NYC can save on closing costs without costing each other a dime? If you didn’t, don’t worry. Most […]
Information provided by Claddagh Capital LLC What is a Cap Rate and why its important? A Capitalization Rate or cap rate is a metric used in commercial real estate to assess the return and risk of a property, purchased on an all-cash basis or unleveled (no mortgage). The cap rate is used on an unleveled […]
Last Updated on July 25, 2022 Queens Real Estate Market Report 2022, courtesy of the Queens Home Team at Keller Williams Realty Landmark II. Have a question? Contact Us Data Source: https://www.queenshometeam.com/wp-content/uploads/2022/07/Queens-Real-Estate-Market-Report_Q2-2022.pdf Market Snapshot Happy Summer from QHT! Hopefully you’ve been enjoying the warm weather and sun filled activities. Here at QHT we’ve been enjoying […]
Answer provided by Neil B. Garfinkel REBNY Broker Counsel Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Answer: “Off-market” commonly indicates that the property is not listed for sale or has not been listed on a multiple listing service. REBNY and most MLS’s expressly forbid the promotion of exclusive listings as […]
Answer provided by Rafael Reyes, Originating Branch Manager at Cross Country Mortgage LLC. Do you want lower monthly payments now or do you want to pay off your home faster? That’s one of the primary questions to answer when deciding between a 30-year fixed mortgage or a 15-year fixed mortgage. 15-Year Mortgage You have 15 […]
Information provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Many residential buildings in NYC have pet restrictions and policies such as “no pets,” “no dogs,” “cats only,” etc. While pets are not a protected class under the Fair Housing Act (“FHA”), a housing […]
We’ve been monitoring the market closely and discussing several topics that affect NYC homebuyers. So, whether you’re looking to buy a property now, or 3 years from now, this information should be insightful. Something we’ve learned about recently is a new strategy that sellers are using in order to make their properties more attractive. It’s called […]
There are six major issues in getting from contract to close in Queens NY. These are the “moments of truth that put transactions at the greatest risk. Knowing these is critical, but also knowing the certain ways in which they can go wrong is equally critical. Above all others, your agent and your real estate […]
FHA is a popular loan option for many Queens home buyers, however, it is important that the home meets their guidelines. HUD is looking to cover three main points in their inspections: 1. Safety Protect the health and safety of the occupants. 2. Livability Adequate floor plan, bath, kitchen facilities, etc. 3. Soundness Correct physical […]
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