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 […]
Last Updated on April 23, 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/2022/04/Queens-Real-Estate-Market-Report_Q1-2022.pdf Market Snapshot Happy Spring from QHT! Hopefully you’ve been enjoying the weather as it begins to warm up 🙂 Here at QHT headquarters […]
Answer provided by Neil B. GarfinkelREBNY Broker CounselPartner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: It is my understanding that the Housing Stability and Tenant Protection Act (“HSTPA”) generally prohibits deregulation of rent stabilized apartments (meaning that a rent stabilized apartment will never become a free-market rate apartment). Does that […]
Queens’ Investors continue to choose multi family homes, and it is no surprise considering the many benefits that come with them. Everything from their higher income potential to their ease of financing mean that investing in these properties is a smart move. If you are considering purchasing a multifamily property for the first time, you […]
Hi Friends, hope all is well! This month we wanted to share a few cool things specifically relevant to NYC homebuyers. First, an article on how to make a budget that fits your money personality. You can find out your money personality using the quiz in the article. Not everyone is good at budgeting, but […]
NYC Homebuyer Connect Hi Friends 👋, hope you’re doing well! This month we wanted to give you some information about the new conforming loan limits in NYC, plus we wanted to give you some quick money saving tips, and lastly, we wanted to share a 4 account personal banking system that helps with budgeting, spending, […]
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: In many circumstances, a co-op board may reject a prospective purchaser because the price of the co-op apartment is too low. The By-Laws of most co-ops give the co-op board the right to withhold […]
Answers provided by Neil B. Garfinkel, REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP FAQs: Q: Is a buyer always entitled to be represented in a transaction?A: Yes, the New York State Department of State (“DOS”) has consistently stated that a buyer always has a right to be represented in […]
"*" indicates required fields
