Hi all, below is our latest roundup of articles, resources, and content related to NYC homebuyers. Take a look and let us know if you have any questions. As always, if you need any advice or recommendations, feel free to reach out anytime. New York is Paying Homeowners up to $125K to Build an ADU […]
In the world of New York City real estate, there are specific terms used to categorize individuals involved in the buying or selling process: client, customer, and prospect. These terms may seem interchangeable at first glance, but they hold distinct meanings and implications within the industry. In this blog post, we will delve into the […]
When it comes to purchasing real estate in Queens NY, the home inspection phase holds significant importance. Unlike other parts of the country, home inspections in Queens typically take place prior to attorney involvement, contract signing, etc. Understanding the unique steps involved in this process can help both buyers and sellers navigate it effectively, ensuring […]
Hi peeps, below is a monthly roundup of our favorite articles and information that we’ve come across recently. First is a video from 1981 where the newscaster is talking about mortgage rates and how they are impacting buyers. A few people are interviewed in it and what they say is pretty interesting. Second is an […]
Is Now a Good Time to Buy or Sell a Home? + Mortgage Insurance Premiums on FHA Loans reduced by 30 Basis Points + Guide for First Time Homebuyers in NY Is Now a Good Time to Buy or Sell a Home? If you’ve been thinking about whether or not you should buy a property […]
It’s that time of year again – the time when the Federal Housing Finance Agency (FHFA) announces the new loan limits for conforming mortgages. This year, the FHFA has announced that the maximum loan limits for conforming mortgages will increase in 2023, due to rising home prices across the country. For those who may not […]
This month we came across 4 pieces of content which we believe you may find helpful or informative. The first one is an article by NBC New York in which they outline the 15 most coveted neighborhoods in NYC. The second one is an article from bankrate.com where they give housing market predictions for 2023. […]
Below is a summary of some information that we came across recently and thought you might find helpful. First is an article about the neighborhood of Queens Village, Queens. If you’ve been looking to buy or are still exploring neighborhoods in NYC, this is a good read. Second is an article about living in Howard Beach, […]
Information provided by Claddagh Capital LLC What is a Cap Rate and why its important? A Capitalization Rate or cap rate is a metric used in commercial real estate to assess the return and risk of a property, purchased on an all-cash basis or unleveled (no mortgage). The cap rate is used on an unleveled […]
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: “Off-market” commonly indicates that the property is not listed for sale or has not been listed on a multiple listing service. REBNY and most MLS’s expressly forbid the promotion of exclusive listings as […]
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