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The Faruqi Team

Salim Faruqi - queens real estate

Salim Faruqi

Team Leader

Salim has 25-years of real estate experience in both small- and large-scale residential and commercial sales. He is well-versed in just about every aspect of real estate…

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Amber-Faruqi queens real estate

Amber Faruqi

Team Leader

Amber has 9 years of residential and 2 years of commercial real estate experience, including extensive short sale negotiating and contract processing.

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eric-ferrara queens real estate

Eric Ferrara

Listing Manager

Eric is a veteran real estate agent who specializes in co-op, condo, single-family and multi-family residential sales. He is a multi-generational native New

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The housing market continues to grow this year. Low mortgage rates, job, and wage growth are driving demand and enticing new players to get into the market. In fact, a large part of the new entries into the market are Millennials and first-time home buyers.   However, sometimes the road to homeownership can be complicated and being financially prepared is key. We interviewed KB Home Chief Operating Officer Matt Mandino, who shared tips on how millennials (and all first-time homebuyers) can prepare for buying and looking for a new home. First-time homebuyers made up more than 55 percent of the quarter two 2019 business forRead More →

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The rules about how showings and closings can take place and what agents can do will vary depending on local public health regulations, real estate association guidelines and individual comfort levels. You now may need to book an appointment for an open house. There may be waivers to sign before looking at a home. And get comfortable with those masks, sanitizing wipes and booties. These are the new realities of home buying, and agents say many of these protocols are likely to stick around. Buyers should expect hand sanitizer and masks to be part of any home-buying experience. But other aspects of house hunting andRead More →

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After a difficult few months, New York City’s real estate market is bouncing back. This week, after the city entered phase 2 of its reopening, contract activity increased 41%, reaching the highest numbers since the end of March, when the country shut down due to the coronavirus outbreak. New listings also increased 57% since last week, reaching a level not seen since March 2, according to data compiled by UrbanDigs. Though listings are down 36% from this time last year, brokers are confident the slump in the market is temporary — and on its way out. “This is a remarkable recovery from the entire secondRead More →

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As we get into the second quarter of 20 20 having gone through after eight weeks of quarantine there is a lot of fear around the Real Estate market, COVID 19, and the coming future. There are a few things that are becoming the “New Norm” leading to a complete potential revamp of how homes will be selling from here on. New strategies that need to be put in place just so the sellers, buyers, agents, home inspectors, and appraisers all can participate in social distancing as a team through the transnational process. As we continue to receive more inquiries of people wanting to sellRead More →