June 2015 Queens Real Estate Market Update The pace of home sales rose in June, but were still below the pace of sales last June. The combination of buyers looking to take advantage of low interest rates before they increase further coupled with less homes being on the market than the same time last year has […]
Staging & preparing your home before hitting the market is extremely important. We’ve seen first hand what staging, de-cluttering, and rearranging of furniture can do for a home. The showing inquiries are always greater, offers are much higher, and negative feedback is minimal because believe it or not, buyers nitpick at the small things. The […]
Getting ready to get into the Queens real estate market? You may be nervous and unsure for one of many reasons. After all, selling a home is a very big decision regarding one of the most valuable assets in your life. Rest assured that the right agent with a strategic sales plan for your home […]
Once you decide to put your home on the market, it is important to practice good seller’s etiquette. After all, selling a home, condo, or coop is a business transaction, therefore, there is an expected protocol to how sellers should interact with outside parties. For help or advice on how to practice good seller’s etiquette […]
As the seller, you can control three factors that will affect the sale of your home: The home’s condition, the asking price, and the marketing strategy. However, it’s important to note that there are numerous other factors that influence a buyer, and you need to understand these consumer trends when you enter the sellers’ market. […]
In Queens we have Residential homes, Coops, and Condos. Selling a Coop can vary from selling a Condo or residential 1-4 family home, therefore, we have come up with the 12 basic steps involved in selling a Condo in Queens. Being that Coops have management companies and boards, some steps may vary depending on the […]
In Queens we have Residential homes, Coops, and Condos. Selling a Condo can vary from selling a Coop or residential 1-4 family home, therefore, we have come up with the 11 basic steps involved in selling a Condo in Queens. Being that Condos have management companies and(or) boards, some steps may vary. For help or […]
Selling a residential 1-4 family home in Queens can be quite different from selling a typical residential home in other parts of the country. When referring to one family homes, the process may be more common, but even then, it is significantly different because of the NYC specific variables that are a factor. When selling […]
If you’re a seasoned real estate investor in Queens, you’re likely familiar with the concept of a 1031 exchange. If you’re just starting out on Queens real estate investment, then you’re probably eager to learn about the tax-deferral option. We’ve prepared a primer on this important tool for your investment-planning purposes. A 1031 exchange, also […]
Condos Brokerage Fees: Typically 4-6% in Queens Own Attorney: $850+ Processing Fee: $450+ NYC Transfer Tax: Up to $500,000 = 1% $500,000+ = 1.425% Condo Deed Transfers: $75 NY State Transfer Tax: $4 per $1,000 of price NYS Equalization Fee: $75 Pick-up/Payoff Fee: $250 – $500 UCC-3 Filing Fee: $100 Miscellaneous Condominium Charges: Vary by building PLEASE NOTE: For condominiums in new developments, the […]
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