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

Need Help? Contact us at: 718-968-5538, info@queenshometeam.com, or https://www.queenshometeam.com/help     Our Listings:      https://search.queenshometeam.com/idx/featured       Sign up to Receive our NYC Homeowner Newsletter:   https://www.queenshometeam.com/nychomeownerconnect    Sign up to Receive our NYC Homebuyer Newsletter:    https://www.queenshometeam.com/nychomebuyerconnect    Free Home Valuation:          http://www.queenshometeam.com/freehomevaluation              Connect with us online:    http://www.instagram.com/queenshometeam   http://www.facebook.com/queenshometeam                        Subscribe to our Podcast:           https://podcasters.spotify.com/pod/show/queenshometeam           Read our Latest Market Report:          https://www.queenshometeam.com/queens-real-estate-market-report-2023 

Need help? Contact us at 718-968-5538 or info@queenshometeam.com New Listings: https://search.queenshometeam.com/idx/featured?per=100&srt=newest?ob=open-bridge/events&sp=1-100&srt=newest Free Home Valuation: https://www.queenshometeam.com/freehomevaluation/ Free Consultation: https://www.queenshometeam.com/freeconsultation/ Mortgage Rates: https://www.mortgagenewsdaily.com/mortgage-rates

Need help? Contact us at 718-968-5538 or info@queenshometeam.com Our Listings: https://search.queenshometeam.com/idx/featured Free Home Valuation: https://www.queenshometeam.com/freehomevaluation/ Connect with Us: https://www.instagram.com/queenshometeam/ https://www.youtube.com/queenshometeam

Need Help? Contact us at 718-968-5538 or info@queenshometeam.com https://www.queenshometeam.com/ More on Capital Gains Taxes: https://www.investopedia.com/ask/answers/06/capitalgainhomesale.asp Our Listings: https://search.queenshometeam.com/idx/featured Contact Us: https://www.queenshometeam.com/help/

Need help? Contact us at 718-968-5538 or http://www.queenshometeam.com/help  SONYMA Mortgage Info:  https://hcr.ny.gov/sonyma-programs  SONYMA Regional Income Limits:  https://hcr.ny.gov/system/files/documents/2022/07/20220725_income_pp_limits_atd.pdf  Our Listings:  https://search.queenshometeam.com/idx/featured

Need help? Contact us at 718-968-5538 or info@queenshometeam.com  How to read Queens Addresses:  https://www.queenshometeam.com/blog/read-addresses-queens-new-york/  Today's rates:  https://www.bankrate.com/mortgages/mortgage-rates/?cs=0&fico=740&loan=400000&market=2&perc=5&points=All&prods=1&propertyvalue=500000&type=newmortgage&zip=11370 

Need help? Send us a message: https://anchor.fm/queenshometeam/message  Rules & Regulations for Airbnb in NYC:  https://news.yahoo.com/nyc-could-lose-10-000-235503460.html  What is a 3-2-1 Buydown Mortgage?  https://www.investopedia.com/terms/1/3-2-1_buydown.asp Today's Rates:  https://www.bankrate.com/mortgages/mortgage-rates/?cs=0&fico=740&loan=400000&market=2&perc=5&points=All&prods=1&propertyvalue=500000&type=newmortgage&zip=11370

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 

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 showing that home affordability is nearing all time lows. Take a listen and feel free to reach out if you have any questions :)  External Obsolescence Definition:  https://www.realtown.com/blog/External-Obsolescence  Front End DTI vs Back End DTI:  https://www.investopedia.com/terms/f/front-end-debt-to-income-ratio.asp New Listings:  https://search.queenshometeam.com/idx/featured?per=100&srt=newest Black Knight: As Home Affordability Nears All-Time Low Amid Spiking Interest Rates and Still-Rising Prices, Borrower Behavior and Preferred Products Changing https://www.prnewswire.com/news-releases/black-knight-as-home-affordability-nears-all-time-low-amid-spiking-interest-rates-and-still-rising-prices-borrower-behavior-and-preferred-products-changing-301537005.html  Today's Rates:  https://www.bankrate.com/mortgages/mortgage-rates/  

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 a new listing hitting the market this week. And lastly, he talks about the fact that the 10 year treasury broke 2.5% and mortgage rates are closing in on 5%. A lot of interesting stuff happening this week!  As always, if you have any questions or ideas for future episodes, feel free to contact us at http://www.queenshometeam.com/askqht  What is a Coop Stock Certificate?:  https://www.hauseit.com/co-op-shares-nyc-real-estate/#:~:text=Co%20op%20shares%20are%20similar,own%20and%20other%20miscellaneous%20information. 10 year Treasury rises to 2 Year High of 2.5%:  https://www.cnbc.com/2022/03/25/us-bonds-treasury-yields-flat-friday.html 

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 market this week, and lastly he talks about the stock market, economy, mortgage rates, etc. Enjoy :) Information on Certificate of Occupancies:  https://www1.nyc.gov/site/buildings/property-or-business-owner/certificate-of-occupancy.page   More information on Escalation Clauses:  https://myhome.freddiemac.com/blog/homeownership/20210707-offer-escalation-clause New Listings:  Studio Coop in Kew Gardens - https://search.queenshometeam.com/idx/details/listing/b056/3379937/125-05-84th-Avenue-5H-Kew-Gardens-NY-11415 2 BR/2 BTH Coop in Harlem - https://search.queenshometeam.com/idx/details/listing/b056/3380292/102-Bradhurst-Avenue-710-New-York-NY-10039 2 BR/2 BTH House in Woodside - https://search.queenshometeam.com/idx/details/listing/b056/3381834/47-04-69th-Street-Woodside-NY-11377 3 Level 1 Family in Jackson Heights North - https://search.queenshometeam.com/idx/details/listing/b056/3381782/25-01-86th-Street-E-Elmhurst-NY-11369 Today's Rates: https://www.bankrate.com/mortgages/mortgage-rates/?cs=0&fico=740&loan=400000&market=2&perc=5&points=All&prods=1&propertyvalue=500000&type=newmortgage&zip=11370 

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 us if you are interested in joining our team :)  Home Inspector for Pre-Inspections:  http://www.touchstoneinspection.com/ NYC Department of Buildings Building Information System (BIS): https://a810-bisweb.nyc.gov/bisweb/bispi00.jsp Join the Team:  https://www.queenshometeam.com/join/

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 listings that just hit the market this week (1 bedroom junior 4 condo in Forest Hills and a 2 bedroom coop in Jackson Heights) and lastly discusses what's going on in the stock market and economy.  Step by Step Guide to Challenging your Tax Assessment:  https://www.queenshometeam.com/blog/step-by-step-guide-on-how-to-challenge-your-nyc-property-tax-assessment/ New Listing in Forest Hills (1 BR Junior 4 Condo):  https://search.queenshometeam.com/idx/details/listing/b056/3376539/119-49-Union-Turnpike-12A-Forest-Hills-NY-11375 New Listing in Jackson Heights (2 BR Coop):  https://search.queenshometeam.com/idx/details/listing/b056/3378190/34-40-78th-Street-2H-Jackson-Heights-NY-11372  Mortgage Rates drop to Pre-Pandemic Levels:  https://fortune.com/2022/02/23/mortgage-applications-plunge-pre-pandemic-levels/ 

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:  https://fontanarchitecture.com/bedroom-codes-nyc-habitable-space/  New Listing Details:  https://search.queenshometeam.com/idx/details/listing/b056/3376398/118-60-Metropolitan-Avenue-5L-Kew-Garden-Hills-NY-11415 Today's Rates:  https://www.bankrate.com/mortgages/mortgage-rates/?type=newmortgage&market=2&propertyvalue=500000&loan=400000&perc=5&prods=1&fico=740&points=All&cs=0&zip=11370 Need Help? Contact Us https://www.queenshometeam.com/help/  

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