In the world of Queens real estate transactions, negotiations are paramount. Buyers and sellers often engage in a delicate dance to reach an agreement that satisfies both parties. One of the key terms you may encounter during these negotiations is a “concession.” But what exactly does it mean in the realm of real estate? A […]
Contingency clauses that outline additional conditions that must be met before a sales contract is enforceable are often part of a sales contract. Both buyers and sellers can add contingencies to a contract. A contingency clause must include three pieces of information, including: The actions necessary to satisfy the contingency The time frame for addressing it […]
What is a Deed? The deed is a legal document used to establish proof of ownership. It provides some assurance to the buyer that the seller has the right to sell the property. Usually a third party is hired to conduct a title search in an effort to uncover evidence that the title can be […]
If you’re in the market to buy or sell in Queens, then you may be wondering what documents you will need to fill out throughout the process, and what each document is actually used for. Below is a quick summary of common real estate documents in Queens and although it doesn’t cover every single document […]
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 […]
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 […]
With social distancing being an important part of life at the moment and so many parts of the economy suffering the effects of state lockdowns, some are worried about how all of this will affect the Queens housing market. This is especially a concern for those who were hoping to buy a new property and […]
By Sonia Martinez, licensed real estate salesperson and top buyer agent in Queens NY. So, after many months or even years of dreaming, you have finally come to the decision that you are ready to take the leap and now you want to go from being a renter to being a homeowner! Great! Smart decision! […]
Today we’re answering a question that we get on occasion from Queens home buyers and sellers, especially when this is their first time buying or selling a property in NY. The question we’re talking about is, “When does the home inspection happen here in Queens?”. So when does the inspection happen here in Queens? First […]
Today we wanted to touch on something that we hear a lot of, and sometimes buyers and sellers are not one hundred percent clear on what this term actually means. So, here we will break it down and give you an idea so that you understand exactly what this term means here in in Queens. […]
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