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The latest statistics about the Queens, NY real estate market including Median Prices for all residential property types, available inventory data, negotiability and more. Everything you want to know about what happened with the Queens Real Estate Market in the third quarter of 2021, in a short 2 minutes video. Read More

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If you want to download a pdf of the complete Q2 2021 Queens Real Estate Market Update, click here: Q2of2021CommentaryinPDF Below you have the update in a youtube link and the full write up with links cited for all sources.https://www.youtube.com/watch?v=CIAb8mP3UUs Q2 Real Estate Market Update for Queens, NY At… Read More

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Queens Real Estate Market Update First Quarter Q1 2021 First, let me start by sharing some of the National Macroeconomic data to put our Queens Real Estate Market Update in perspective. I realize that a lot of the information you get thru the media refers to the national real estate market and this can be very different to what is going on locally. Every real estate market is local, or shall we say uber-local, so when we hear national trends, we must put those in perspective. Read More

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Property Surveys in a Residential Real Estate Purchase Q&A  Session with Real Estate Attorney Steven Leunes, from Astoria, Queens, NY https://www.linkedin.com/in/steve-leunes-6112b76/ What is a Survey? A survey is a drawing that shows the boundaries of the property lot and the exterior dimensions of the buildings and other structures. Read More

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Capital Gains on Real Estate. February 2021 Update. I came across a good article about Capital Gains Taxes on Realtor.com  It was written by Margaret Heidenry. The full article can be found here: https://www.realtor.com/advice/finance/how-much-is-capitals-gains-tax-on-real-estate/#:~:text=Your%20tax%20rate%20is%2020,household%20earning%20more%20than%20%24496%2C600.           So basically I want to share with you what the article says and comment on it. But first a full disclosure that I am not a tax advisor, I am not an accountant, and I am not an attorney. So these comments are just my opinion and you should not take them as financial advise, accounting advise or legal advise. For that, please consult with your accountant or attorney. I am a licensed real estate broker associate and as such, we must be familiar with the changes in the capital gains taxes and that is why I wanted to make you aware of this update.           To give full credit to Mrs. Heidenry, I have left her words in between quotations.  I have also consulted with CPA Jonathan Sundack from www.SundackCPA.com who answered some of my questions below. Thanks to him for his valuable advise. Read More

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Basic Credit Considerations From The Lender´s Perspective A Conversation With Victor Andrade From Meadowbrook Financial Mortgage Bankers VAndrade@mfmbankers.com Cell: 347-495-2506 BASICCREDITCONSIDERATIONS PDF FORMAT Victor specializes in residential financing for over 17 years, and he is going to tell us what the credit considerations for home financing should be. Credit is a key part of a transaction, the others being the borrower´s income, the assets or down payment, and the property which serves as collateral for the mortgage. With credit, they make the 4 legs of this hypothetical table that is a real estate financing transaction. With weak credit the table is wobbly and won´t pass the lender´s test. So, Victor will tell us how to set up credit, increase your credit rating and avoid common pitfalls while managing your credit. Read More

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Download pdf here: Realestatecontracts101 We met with New York and Queens Real Attorney Chris Psomopoulos to learn the basics of Real Estate Contracts from the legal perspective. REAL ESTATE CONTRACTS 101 A Conversation with Real Estate Attorney Chris Psomopoulos Video Available At: https://www.youtube.com/watch?v=7hlX4ygcxCI For further guidance you can contact attorney Chris Psomopoulos at: (718) 433-9069 or Email Chris@Thecplawoffice.com Address: 30-97 Steinway St #301b, Astoria, NY 11103 This was a conversation we had with Chris about the basic legal considerations for Real Estate Contracts. Good information for buyers, real estate investors and real estate agents. It was done on 02/20/21 at his offices in Astoria, Queens, NY. Read More

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REALESTATETAXEXEMPTIONS This article provided courtesy of Real Estate Attorney Juan Trillo www. JTrilloesq.com Juan Trillo, 37-06 82nd Street, Suite 204, Jackson Heights, NY 11372 (718) 478-3200 / JTrilloesq@aol.com Real Estate Tax Exemptions Homeowners in New York State may be entitled to a number of real property tax exemptions, and many of us are not even aware of this information or don’t follow up on claiming these exemptions. The following is information for New York City. It is available to owners who reside in the property as their primary residence. It applies to houses, cooperative and condominium apartments. Read More

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QUEENS REAL ESTATE MARKET UPDATE Q42020 AND REAL ESTATE FORECAST FOR 2021 You can see the full video on our YouTube channel at https://www.youtube.com/watch?v=2fTtv8nhaUA&t=2s In the first place I want to wish you a happy new year 2021. I also want to say that in spite of all of last year´s challenges (some of which we are still experiencing) the year 2020 brought us a renewed collective awareness about what is essential, about our quality of life, not just about productivity. Our happiness became central in our considerations, along with efficiency and sustainability. I have a sense of gratitude to 2020 in the sense that this crisis can become a portal, an inflexion point for innovation and renewal so we can come back stronger and better. Before we jump into the real estate analysis for the Fourth Quarter of 2020 I want to present to you the summary for the real estate statistics provide by our Multiple Listing System, the One Key MLS which covers now not only Queens, Long Island, Manhattan, The Bronx, Westchester and parts of the Hudson Valley. Here are the real estate numbers for Queens, all residential property classes taken together and including 1 Families, 2 Families, 3 and 4 Families, Coops and Condos: Read More

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