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Category: Real Estate Tips

Your First Home Inspection: What you need to know

The time has come for you to get a home inspection on your prospective purchase. This is a crucial part of the home buying process and must be treated with the utmost care. First and foremost, it is critically important to find a good house inspector. You should also know what a house inspector does … Continue reading “Your First Home Inspection: What you need to know”

Condo vs. Co-op

Two common housing options in New York City and many other metropolitan areas are condominiums and cooperatives, commonly referred to as co-ops.  On the surface, the configurations of the two appear to be quite similar. However, there are some key differences to keep in mind when making the decision between a condo and a co-op. … Continue reading “Condo vs. Co-op”

5 Reasons To Hire A Real Estate Agent

Because of the seemingly endless amount of information on the internet, people are relying less on professional services and have developed a do-it-yourself (DIY) attitude. However, when it comes to certain tasks, the DIY strategy can prove to be tiresome and inefficient. Certain topics require years of experience and insightful knowledge to make smart decisions. … Continue reading “5 Reasons To Hire A Real Estate Agent”

Five Questions You Should Ask Your Real Estate Agent

Besides helping you find a place to call home, Real Estate Agents can help you with more. Real Estate Agents have insights into the community as well as the expertise on the financial benefits of homeownership at a specific location. There are questions that either go over people’s heads or never thought of asking to … Continue reading “Five Questions You Should Ask Your Real Estate Agent”

PART 2: Mortgages and Millennials

If you haven’t read Part 1 of this blog, please do so by clicking here! It will feel more wholesome. Thanks to Bank of America’s 2018 Homebuyer Insights Report, we have a breakdown on first-time homebuyers and millennials and what they think about homeownership. 1.Life Priorities: 72% of the study said that Owning a Home … Continue reading “PART 2: Mortgages and Millennials”

Mortgages and Millennials: A Better Understanding

Mortgages: America’s favorite scary word. You hear it all the time: “Homeownership is not for me” or “I can’t afford/qualify for a mortgage”. For millennials, homeownership has been brought up more frequently. That’s because we’re getting older. As a person who barely made the “Millennial” generation, I often thought about owning my own home, having … Continue reading “Mortgages and Millennials: A Better Understanding”

Amazon comes to Queens, NY: A Few Weeks Later

It has been a few weeks since Amazon officially announced Long Island City as their location for their HQ2.       As if Long Island City wasn’t on the HOT list already, news broke it mid-November 2018 that Amazon is locating their HQ2 in Queens, NY. It has been less than a month, and … Continue reading “Amazon comes to Queens, NY: A Few Weeks Later”

Introducing “The Dream Home Financing Program”!

For many prospecting homebuyers, one of the most daunting experience is saving up for the down payment. Traditionally, 20% of the loan is considered the standard down payment amount. However, with Lyons’ new program, borrowers may be eligible to put down as low as 3% for their down payment! As a borrower, this is a … Continue reading “Introducing “The Dream Home Financing Program”!”

Are We Entering a “Buyers Market”?

Since the middle of 2018, all signs have been pointing towards a shift in the real estate market. According to the 2018 Fall Casil Report blog, housing prices seem to begin stabilizing. This is primarily due to longer durations of homes being on the market, with fewer bidders. This shift could favor for a buyers … Continue reading “Are We Entering a “Buyers Market”?”

Conforming Loan Limits Increased for 2018

On November 28, 2017, the Federal Housing Finance Agency (FHFA) announced that it would raise the baseline conforming loan limit for 2018 for New York and for most counties across the country.   And the Federal Housing Administration also announced in early December that nearly every area of the U.S. will see FHA loan limits increase in 2018. This … Continue reading “Conforming Loan Limits Increased for 2018”

Queens Real Estate Outlook: 2018

The Queens real estate market has increasingly made headlines for new developments and ever-increasing growth.  Long Island City and Astoria were numbers 8 and 9 on the list of hottest New York City neighborhoods, according to PropertyShark.  The median sales price for a home in Long Island City in 2016 was $825,000, making it the … Continue reading “Queens Real Estate Outlook: 2018”

2017 Summer Housing and Mortgage Outlook

What can home-buyers expect in the 2017 Summer Housing Market? A recent decline in mortgage rates could have a positive effect on housing demand for the summer home-buying season.  The average 30 year fixed rate mortgage rate has dropped from 4.14% to 3.93% over the past three months, according to the Freddie Mac Primary Mortgage … Continue reading “2017 Summer Housing and Mortgage Outlook”

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