When you’re buying or selling a home in Brooklyn, you might come across the term “seller concession.” What does it mean, and how can it impact your mortgage payment? If you’re selling, how can impact your sale and/or net profit? In this blog post, we’ll explore what sellers concessions are, how they work, and the […]
Courtesy of: Rafael Reyes, Originating Branch Manager at Cross Country Mortgage. Troubles in the banking sector in the US and Europe completely overwhelmed the economic reports in driving financial markets this week. Investors shifted to safer assets, and mortgage rates moved lower. The impacts of the largest bank failure in the US since the financial […]
As a Brooklyn home seller, it’s understandable to want to get the most money possible for your property. However, some sellers fall into the trap of pricing their home higher than its market value to leave room for negotiations. While this strategy may seem like a good idea at first, pricing your home right from […]
When preparing a home for sale, many sellers feel that undertaking renovations is a good way to get a higher sale price on the home. Here are 5 renovation projects Brooklyn homeowners shouldn’t undertake before selling.
As a Brooklyn homeowner, it’s natural to want to know the estimated value of your property. Whether you’re looking to sell your home or just curious about its current value, there are several websites that can give you an instant home value estimate. While this is obviously not an accurate home valuation since it doesn’t […]
We as real estate agents play a crucial role in determining the value of a property. While you can get an independent appraisal, check your Zestimate, or go off of your tax assessed value, it’s clear to us that the person who can provide the most accurate valuation of a property is a local/experienced Brooklyn […]
Preparing your home for sale in Brooklyn can be a daunting task, but with the right preparation, you can increase your chances of a quick and successful sale. Some homeowners wonder if they should stage, make major repairs, do renovations, vacate tenants, etc. There are a lot of variables so it’s good to get an […]
When it comes to selling a property in Brooklyn, NY, timing can be everything. While the real estate market can be unpredictable, there are certain times of the year that tend to be more favorable for sellers. In general, one of the best times to sell a property in Brooklyn is during the spring and […]
It’s not uncommon for a family member or loved one to die and leave behind property in Brooklyn. That property may be real estate, personal items, or even intangible assets like stocks and bonds. When it comes time to sell the house, there are certain steps that must be taken in order for probate court […]
If you’re in the market to buy or sell in Brooklyn, 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 Brooklyn and although it doesn’t cover every single document […]
By Daniel Akerman, Listing Specialist with Keller Williams Realty Landmark II. One of the many closing costs that sellers and buyers may come across in the sale or purchase of a New York City co-op apartment is something called the “flip tax.” In this article we’ll take a quick look at what the co-op flip […]
Courtesy of Rafael Reyes, Originating Branch Manager with Cross Country Mortgage, LLC Mixed News It was a packed week for major economic events. The comments from Fed officials and the inflation data were favorable for mortgage markets, while the labor market report was not, and mortgage rates ended the week a little lower. In a […]
By Daniel Akerman, Realtor and Listing Specialist with Keller Williams Realty Landmark II. The Best Kept Secret in NYC Real Estate Did you know there’s a way that both the buyer AND seller of a property in NYC can save on closing costs without costing each other a dime? If you didn’t, don’t worry. Most […]
Quite a few of our clients are considering selling their Brooklyn houses, and if you’re in that same boat, now is a great time to do a little prep work. Here are a few home-improvement tips we recommend to get your house ready now, and sell later: 1. Embrace Spring Cleaning Now is that special […]
Brooklyn Real Estate Market Report 2022. Courtesy of the Brooklyn Home Team at Keller Williams Realty Empire in Brooklyn NY. Need Help? Contact Us anytime. Last updated on 7/26/2022. Market Snapshot Happy Summer from BHT! Hopefully you’ve been enjoying the warm weather and sun filled activities. Here at BHT we’ve been enjoying the Summer and […]
Hi all, hope you’re doing well! We just wanted to share some information that we thought you might find helpful. We’ve been monitoring the market closely and discussing several topics that affect NYC homeowners so if you are a Brooklyn homeowner, you may find this data insightful. First thing we wanted to share is a […]
There are six major issues in getting from contract to close in Brooklyn NY. These are the “moments of truth that put transactions at the greatest risk. Knowing these is critical, but also knowing the certain ways in which they can go wrong is equally critical. Above all others, your agent and your real estate […]
If you’re thinking of selling a coop in Brooklyn, you may be wondering what documents are needed and what you will have to have ready for your agent in preparation for the sale. You won’t need too many documents, but there are some things that you’ll want to start gathering in order to avoid any […]
FHA is a popular loan option for many Brooklyn home buyers, however, it is important that the home meets their guidelines. HUD is looking to cover three main points in their inspections: 1. Safety Protect the health and safety of the occupants. 2. Livability Adequate floor plan, bath, kitchen facilities, etc. 3. Soundness Correct physical […]
Brooklyn Real Estate Market Report Q1 2022. Courtesy of the Brooklyn Home Team at Keller Williams Realty Empire in Brooklyn NY. Need Help? Contact Us anytime. Last updated on 4/25/2022. Market Snapshot Happy Spring from BHT! Hopefully you’ve been enjoying the weather as it begins to warm up ? Here at BHT headquarters we’ve been […]
Answer provided by Neil B. GarfinkelREBNY Broker CounselPartner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: It is my understanding that the Housing Stability and Tenant Protection Act (“HSTPA”) generally prohibits deregulation of rent stabilized apartments (meaning that a rent stabilized apartment will never become a free-market rate apartment). Does that […]
NYC Homeowner Connect Hi Friends ?, hope you’re doing well! This month we wanted to share a few important things with you. First is information about the Notice of Property Value for your property which you should have received in the mail this month. Second, some information related to the age old question, is now […]
We meet with home buyers and sellers every day, and one of the things that many people don’t understand clearly are title companies, title insurance, and how they affect them during the sale/purchase of a property. So, here is a quick primer on Title Companies, what they are, and what they do. If you have […]
Answer provided by Neil B. Garfinkel REBNY Broker Counsel, Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP Question: After Submitting a Board Package, is it Legal for a Coop to request that Additional Maintenance be Held in Escrow? Answer: Yes, a cooperative corporation (“co-op”) may request extra maintenance to be […]
Article courtesy of Michael Longsdon at eldorfreedom.net Most seniors find downsizing an overwhelming experience. It isn’t always easy to search for the right home for your needs, as well as deciding what to take with you. A smaller home presents space and storage issues that require selecting the most important items to bring along and […]
10 Steps to Selling your Home For Sale by Owner in Brooklyn NY. Courtesy of the Brooklyn Home Team at Keller Williams Realty Landmark II. Have a questions, Contact Us anytime. 347-846-1182 1. Define your goals, wants, needs and expectations. A good place to begin is by exploring your short and long term goals in […]
In 1986, Tom Hanks starred in a movie called “The Money Pit.” It was all about a couple’s adventures in remodeling what has to be the worst house ever. Even though it was a comedy, if you’ve ever been part of a big remodel, some of the situations the co-stars find themselves in (re: the […]
1. Public Records and Data Research A local Brooklyn Realtor is able to compile property records with additional data to see a clear legal picture of your physical property and legally recorded documents that could affect the value. Licensed Brooklyn Real Estate Agents are able to increase their resources as well by working with other professionals […]
