Real Talk with QHT - Life, Business, and everything related to the NYC Real Estate Market

What is a Letter of No Objection?  https://www1.nyc.gov/site/buildings/property-or-business-owner/letter-of-no-objection-or-completion.page  Request a Letter of No Objection:  https://www1.nyc.gov/assets/buildings/pdf/lno_lov_form.pdf  New Listings:  https://search.queenshometeam.com/idx/featured?per=100&srt=newest  Need Help? Contact us at:  www.queenshomete...

Need Help? Contact us at 718-968-5538 / info@queenshometeam.com / www.queenshometeam.com/help  American Water Resources:  https://www.awrusa.com/nyc/  New Listing (33-39 88th St):  https://search.queenshometeam.com/idx/details/listing/b056/3431968/33-39-88th-Street-Jackson-Heights-NY-11372 

Need Help? Contact us at 718-968-5538 or info@queenshometeam.com New Listings:  https://search.queenshometeam.com/idx/featured?per=100&srt=newest  Free Consultation: www.queenshometeam.com/freeconsultation 

Need Help? Contact us at 718-968-5538 / info@queenshometeam.com / http://www.queenshometeam.com/help  How Does a Mortgage Contingency Work? https://www.rocketmortgage.com/learn/mortgage-contingency#:~:text=A%20mortgage%20contingency%20is%20a,their%20earnest%20money%20deposit%20returned.  What is a Rate Buy Down?  https://www.lendingtree.com/home/mortgage/buydown/#:~:text=A%20mortgag...

Between laughs and silliness, George, Abi and Dan discuss the tip of the week (Functional Obsolescence), FEMA flood zones and how they relate to co-op purchases, new listings for the team, and share their book and show recommendations. Have a listen, share a couple of laughs, and learn a couple of nuggets about real estate in NYC!

In this episode, George, Dan and Abi get together and review the key stats for the 1st Quarter of 2022 and discuss the rising interest and mortgage rates, how the market is shifting moving into the 2nd Quarter, and what those things might mean for buyers, sellers and agents.

In this week's episode, George explains the definition of External Obsolescence and how it can affect the value of a property. He then talks about a recent aha regarding debt to income ratios and how they are currently affecting loans given the sharp rise in mortgage rates. George then talks about some new listings hitting the market this week, mortgage rates, the stock market, and a recent report...

In this week's episode, George Herrera discusses the pros and cons of waiving your inspection in NYC. He then discusses properties in flood zones and how you can check the flood zone for any given property. Then George goes over our new listings on the market this week. He then discusses mortgage rates, the economy, the stock market, etc. And lastly, he gives a new recommendation to feed your mind...

In this week's episode, George answers a recent question from a coop shareholder who never received their stock certificate. What do you do in this situation? Find out here... Then George gives some tips on how to handle multiple offer situations. Whether you're an agent or a seller, this is a proven strategy that has worked for the Queens Home Team time and time again... Then George speaks about...

In this week's episode, George talks about a recent situation in which a Queens homeowner had their party driveway blocked by a neighbor who put up an iron gate preventing him from using it. What do you do in this situation? Find out in this episode... George then discusses one of the most important things you should have when buying a property in NYC. In short, he talks about the important of wor...

In this week's episode, George answers a question from a home buyer who saw a 2 family house which had 5 kitchens and 5 electric meters. The question is, wouldn't that make it a legal 5 family? Find out in this episode. George then talks about escalation clauses and how they can be used in the Queens/NYC market when going for a competitive property. Then he talks about the new QHT listings on the...

In this episode, Daniel, George, and Abigail talk about the pros and cons of doing a pre home inspection, then they go over open permits and how to handle them, and lastly they discuss the current career opportunities with QHT. Below is a link to our preferred home inspector for pre-inspections as well a link to the department of buildings building information system (BIS), and a link to contact u...

In this episode, George addresses a question received from a potential home buyer who is curious what the minimum down payment is if he is a first time buyer, but his wife is already a co-signor on another property. George then talks about a recent Aha in which he learned the actual steps that must be taken in order to challenge your NYC property tax assessment. George then talks about 2 new listi...

In this episode, George answers the question, "is now the right time to buy a property in Queens?" and "is now the right time to sell a property in Queens?". He then dives into the topic of NYC Bedroom Codes, talks about a new 1 bedroom coop listing in Kew Gardens, and then talks about the market and economy. Take a listen and drop us a line if you have any questions :)  NYC Bedroom Code info...

Daniel Akerman goes over all the major stats for the Brooklyn real estate market in 2021, and specifically the 4th Quarter. He talks about the major real estate headlines for Brooklyn, what went on in the Brooklyn market, how it compared to 2020 and 2019, and provides thoughts on where the Brooklyn real estate market might be headed in 2022.

George walks us through all the data for the Queens real estate market at the end of 2021, detailing what happened in the Queens market in Q4 compared to the previous quarter, as well as Q4 of 2020, and he gives his opinions on what 2022 might have in store. As always, George packs this one full of great information, so pull out your notebooks! 

Dan reviews some of the key real estate headlines for New York City in 2021 and gives his thoughts and observations on the 2021 Manhattan real estate market and what 2022 might have in store for the Manhattan market, including stats and data from UrbanDigs.com

Everyone loves to have more money available. Here are 5 quick tips on how to save some dough!

With the flooding that happened in NYC as a result of rainfall from Hurricane Ida, and several deaths mostly in basement apartments, renewed scrutiny has come to the whole issue of basement apartments in NYC. Mayor De Blasio announced a period of no fines to owners of illegal basement apartments. In this episode, George and Dan go over the decision and the ramifications for NYC homeowners.

At the beginning of September, 2021, Hurricane Ida passed over New York City, dropping record amounts of rain and leading to serious flooding. In this episode, George and Dan go over how FEMA assistance works, who is eligible for it, and how to file for the available FEMA assistance. If you had flooding and damage to your property, you need this information! https://www.fema.gov/disaster/hurricane...

Queens Home Team team owners George and Abigail Herrera recently went into contract on an investment property and picked up a couple of nuggets about the lending process and mortgages. In this episode, we look at some tips for shopping around for lenders. We also look at the "rate lock" aspect of mortgages, and different considerations that a buyer might make when deciding on the right strategy to...

For homeowners, potential sellers and prospective buyers, keeping up to date on the market and getting expert advice is important for many reasons. Although we're well into the 3rd quarter, we wanted to share the market stats for the 2nd quarter and give some insights into what the market is doing, some analysis on what the number mean, and some thoughts on where the market might be headed. Better...

What is Local Law 152? Dan hadn't even heard of it until George suggested this episode. If you're a multifamily owner in New York City, you NEED to be aware of Local Law 152 and listen to this episode -- or risk getting hit with a $10,000 fine by the city. If you own a NYC property that is a 3-family or larger, learn what it is, what it requires, and how to be in compliance in this short episode.

Selling a home is almost always a stressful process, no matter how smoothly it goes. That stress can often bring underlying family or relationship issues to the surface. Even when relationships are strong, if two or more people have different perspectives or priorities related to a home sale, it can quickly become tense and difficult -- especially in New York City where so much money is involved....

Did you know there are co-ops in NYC where buyers can't get a loan and have to buy all cash? Many don't even realize that in addition to the buyer being approved for a loan, the BUILDING also needs to be approved. In some buildings, that isn't possible for various reasons, and it can have a serious impact on both buyers and sellers! Listen to this episode to learn why this happens, and how "cash-o...