If you’re buying a home in Brooklyn, getting your offer accepted is a huge milestone. In a competitive New York City market, it often takes time, patience, and strategy to get there. But here’s something many buyers don’t realize: an accepted offer is just the beginning of the process. Here in Brooklyn there are a […]
If you’re thinking about buying or selling a home in Brooklyn (or anywhere in NYC) it helps to understand the difference between a seller’s market and a buyer’s market. These terms get thrown around a lot in real estate conversations, but knowing exactly what they mean can give you a real edge. Before we jump […]
Author: George Herrera, Realtor and Co-Owner of the NY Home Teams at Keller Williams Realty Landmark II. If you’re thinking about buying a home in Brooklyn, one of the first questions you probably have is: “How long is this actually going to take?” Short answer? Most residential (1-3 family) buyers in Brooklyn take about 60 […]
If you’re buying or selling residential real estate in NY State or NYC and the sale price is $1 million or more, there’s an important tax rule to know: in addition to the standard real estate transfer tax, the state imposes a special 1 % “additional tax” often referred to as the mansion tax. This guide breaks down what […]
Investing in real estate can offer several potential benefits, including: 1. Rental Income: Owning rental properties can provide a steady stream of rental income, which can serve as a consistent source of cash flow. If the property isn’t paid off, as long as you buy it right, then you should have at least some cash flow […]
Hi all, hope you’re doing well! Below is this month’s edition of our Brooklyn Homebuyer Newsletter. In this month’s edition we cover a primer on Treasury Spreads, some information about the lack of housing supply, and some information on the recent NAR settlement regarding real estate agent commissions. A lot of interesting things happening lately […]
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 […]
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 […]
In the world of Brooklyn and 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 […]
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 […]
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