Queens Real Estate Market Report SEPTEMBER 2017

Queens Real Estate Market Report SEPTEMBER 2017, by George Herrera, Realtor and Listing Specialist with the Queens Home Team at Keller Williams Realty. September 2017 Market Update Home sales and home prices both rose again in August. This is the third month in a row with double digit year over year price increases. It seems […]

Queens Real Estate Market JULY 2017

“Queens Real Estate Market JULY 2017”, by George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. Market Update Month’s supply climbed up to 6 months in June. This is the highest month’s supply we’ve seen since October of 2015. Month’s supply is the number we look at to gauge whether […]

Queens Real Estate Market Report: MAY 2017

May 2017 Market Update As we mentioned last month, the market is changing a little, but listings are still moving and selling for high prices in general. Interest rates came down again so that spurred some new activity in the market. Right now we’re noticing that different neighborhoods are getting different reactions depending on their […]

Queens Real Estate Market Report: APRIL 2017

Queens real estate market report: April 2017 April 2017 Market Update The first quarter of 2017 has definitely been interesting. It’s the first time in a while that we’re actually seeing a shift in demand, and while that can be a little unsettling, it also signifies a change that can lead to opportunities in the […]

This Month in Queens Real Estate: FEB 2017

Queens Real Estate Market: February 2017 The Queens real estate market picked up quite a bit in February. This is a change from the month prior. For example, our January was pretty slow in terms of new seller clients, and based on our conversations with other listing agents in the office, January seemed to be […]

Queens Real Estate Market: 2016 Year in Review + 2017 Market Outlook

By George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. Year in Review When it comes to the Queens real estate market, 2016 was an interesting year to say the least. Interest rates remained very low for most of the year, home sales were consistently below 2015 levels, home prices […]

Queens Real Estate Market: DEC 2016

Queens Real Estate Market Update Home sales in the US increased significantly, and they actually reached their highest levels in nearly a decade. In Queens however, home sales actually dropped and have continued to decline over the last 4 months and for most of this year. This stark difference is a clear sign that what […]

This Month in Queens Real Estate: NOV 2016

by George Herrera, Realtor & Co-Owner of the Queens Home Team at Keller Williams Realty. November 2016 Market Update The Queens housing market continued on the same path in October with sales declining and prices on a steady rise. Sales have been down (year-over-year) in 7 of the last 10 months signifying that there is […]

This Month in Queens Real Estate: OCT 2016

October 2016 Queens Real Estate Market Update A cooling trend in the Queens housing market continued in September with diminished inventory levels being the primary driving force behind the decline. Despite near rock-bottom mortgage rates and healthy job growth, Queens home sales eased after reaching record-setting levels in August. Affordability concerns have delayed some first-time […]

This Month in Queens Real Estate: SEP 2016

September 2016 Market Update  The housing market spiked in August as demand remains at high levels in many neighborhoods, particularly in the 1-3 Family and Condo categories. Affordability does appear to be impacting prospective buyers though, despite near record-low mortgage rates. After five consecutive months of year over year sales decreases, queens home sales increased […]

This Month in Queens Real Estate: AUG 2016

by George Herrera, Realtor & Listing Specialist with the Queens Home Team at Keller Williams Realty. August 2016 Market Update Home sales in July dropped again for the fifth consecutive month. Despite the drop in transactions, home price increases have 2016 on track to be the best year for home prices since the recession. Near […]

Queens Real Estate Market Update: February 2016

by George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. Queens Real Estate Market Update: February 2016 Home sales dropped in January which is somewhat typical considering the fact that there’s usually a big rush to close by end of year. Sales in January were down from December, but very […]

Queens Real Estate Market: 2015 Year in Review

   by George Herrera, Realtor & Co-Owner of the Queens Home Team at Keller Williams Realty   Queens Real Estate Market 2015 Year in Review Welcome to our first edition of the “Queens Real Estate Market: Year in Review”. Rather than comparing one month to the previous month and the same month of the previous […]

Queens Real Estate Market Update: December 2015

  by George Herrera, Realtor & Co-Owner of the Queens Home Team at Keller Williams Realty.   December 2015 Queens Real Estate Market Update Home sales slowed again in November as inventory remained tight and prices continued their steady increase. As the end of the year approaches, consensus among economists was that the Federal Reserve […]

Queens Real Estate Market Update: NOV 2015

by George Herrera, Realtor and Co-Owner of the Queens Home Team at Keller Williams Realty. November 2015 Queens Real Estate Market Update The pace of existing home sales dipped in October, both month over month and year over year. As chatter about the eventual rise in interest rates becomes more pervasive in the media, a […]

Queens Real Estate Market Report: OCTOBER 2016

Queens Real Estate Market Report: October 2015 The pace of existing home sales rose in September, but remains slightly below the pace from the same month last year. Demand for existing homes appears to remain high even after rebounding to post-recession highs this summer. Prices have not begun their usual seasonal decline for the latter part of […]

Queens Real Estate Market Update: SEP 2015

Queens Real Estate Market Update  Existing home sales hit a high for the year in August, however, year-over-year sales were still down. Inventory remains tight on a county level as the increased demand for homes continues to outpace the number of homes coming onto the market. The pace of year-over-year price increases slowed somewhat in August, and […]

Queens Real Estate Market Update: AUG 2015

Queens Real Estate Market Update: AUG 2015 The pace of home sales continued to slow in July according to the Long Island Board of Realtors. July marked the highest year over year decrease in home sales this year at 11%. In other words, last July there were 736 home sales in Queens, while only 655 […]

Queens Home Team sells another Bay Terrace Gardens Coop in Bayside NY!

Another Bay Terrace Gardens Coop $OLD for Top Dollar! George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of their 2 BR Coop located at 14-20 Bell Blvd, Bay Terrace Gardens Cooperative, Bayside, NY 11360. This Bayside coop consisted of 2 bedrooms, 1 Bathroom, and sold for […]

Queens Home Team Announces Sale of 2 BR Coop at Windsor Oaks in Bayside NY…

Sold in 57 Days, for 99% of asking Price! George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of their 2 BR Coop located at 219-40 75th Ave #241A2, Windsor Oaks Cooperative, Oakland Gardens, NY 11364. This Oakland Gardens coop consisted of 2 bedrooms, 1 […]

Queens Home Team sells another Studio Coop at Northridge Section 1 in East Elmhurst!

George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of their Studio Coop located at 32-22 92nd St #602, Northridge Section 1 Cooperative, East Elmhurst, NY 11369. This East Elmhurst coop consisted of 1 living room/bedroom, 1 Bathroom, and sold for $85,000. This Northridge Section […]

This Month in Queens Real Estate: JUL 2015

  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 […]

Queens Home Staging Tips

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 […]

Price to Sell

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 […]

Seller’s Etiquette

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 […]

Understanding the Buyer

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. […]

12 Steps to Selling a Coop in Queens NY

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 […]

11 Steps to Selling a Condo in Queens NY

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 […]

8 Steps to Selling a Residential Home in Queens NY

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 […]

Queens Home Team Sells another 1 BR Coop at Forest & Garden in Kew Gardens!

George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 1 BR Coop located at 118-60 Metropolitan Ave #2G, Forest and Garden Cooperative, Kew Gardens, NY 11415. This Kew Gardens coop consisted of 1 Bedroom, 1 Bathroom, and sold for $152,500. This Forest and […]

Queens Home Team sells another Coop at Donner Gardens in Jackson Heights!

George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 1 BR Coop located at 35-15 84th St #6F, Donner Gardens Cooperative, Jackson Heights, NY 11375. This Jackson Heights coop consisted of 1 Bedroom, 1 Bathroom, and sold for $170,000. This 1 BR Donner […]

Queens Home Team sells another Coop at the Belvedere West in Jackson Heights!

George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 1 BR Coop located at 35-15 84th St #2I, Jackson Heights, NY 11375. This Jackson Heights coop consisted of 1 Bedroom, 1 Bathroom, and sold for $221,000. This 1 BR coop was on the […]

1031 Exchange Info for Queens Home Sellers

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 […]

Real Estate Closing Costs for Seller in Queens NYC

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 […]

This Month in Queens Real Estate: JUN 2015

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 […]

Should you Sell your Queens Property with or without Tenants?

   by George Herrera    Realtor & Co-Owner of the Queens Home team at Keller Williams Realty So you own a rental or investment property in Queens and you’ve determined that now is the right time to cash out or move on to your next investment. Being the savvy investor that you are, you have […]

If you Misplace or can’t find your Coop Documents

FOR home and condo owners, losing a deed is usually no big deal. But for co-op owners, the loss of a share certificate — and the proprietary lease that goes with it — will almost always cause a problem, and in some cases can get quite expensive when the time comes to sell or refinance […]

Queens Home Team Hassle Free Listing

George & Abigail Herrera are pleased to announce their exclusive “Hassle Free Listing Program”. Take the risk and fear out of listing your home with an agent and relax knowing that you won’t be locked in to a lengthy contract. Enjoy the caliber of service from Agents confident enough to  make this offer! What’s your […]

Queens Home Team another Coop at Kew Village in Kew Garden Hills!

George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 2 BR Coop located at 135-18 77th Ave, Kew Garden Hills, NY 11367. This Kew Village coop consisted of 2 Bedrooms, 1 Bathroom, and sold for $175,000. This 2 BR coop was on the market […]

This Month in Queens Real Estate: MAY 2015

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, […]

Queens Real Estate Transaction Overview

…Detailed steps to buying and selling real estate in Queens County It is difficult to estimate how long the process will take, from acceptance of an offer to closing.  Assuming a loan can be secured in a timely fashion, one can move from contract to closing on a condo/residential home in about 60 days. However, the cooperative […]

4 Hazards of Selling your Queens Home without an Agent

When real estate markets are on the upswing (like the Queens real estate market), it’s common for sellers to get creative and look for new ways to turn a profit. Some cash-saving measures, like competitive pricing and high ROI renovations, are great tools for getting the most from a deal. Others, like selling without an […]

How to Estimate Queens Home Values

What to know about Queens Home Values Why should I estimate my home’s market value? Establishing your home’s market value gives you greater control over your property taxes, insurance premiums, and the sale or refinancing of your home.  Many people hire professional appraisers to estimate their home’s market value.  However, there’s no reason why you can’t […]