JUNE 2015 QUEENS REAL ESTATE MARKET UPDATE The pace of existing home sales increased slightly from April to May according to the latest report released by the Long island Board of Realtors. This is likely related to slow growth in inventory that has failed to keep pace with this year’s pickup in demand. This has […]
May 2015 Queens Real Estate Market Update Right now the Queens’ real estate market is feeling pretty tight to say the least. If you or someone you know has been searching for a home, they can tell you all about it. Inventory is much lower than 2014 levels so we’re experiencing a lot of multiple offers, […]
1. Down Payment – Most Coops will require down payment of at least 20%, so if you are looking to buy a Coop, your best bet is to make sure that you have at least 20% down + Closing costs and additional reserves after the purchase. Otherwise you will be limited to the very few 10% […]
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