As I speak to clients in these times of lockdown and COVID-19 there are similar questions that kept coming up for most people. Following are some of the questions that we feel are on the minds of several property owners and I wanted to clarify a few things. Question One Can I skip my mortgage payment as per Governor’s announcement and what does that mean. Answer Please do not have any misconceptions about missing payments and permission granted by our Governor. Be sure to speak to your bank before you miss 30 to 60 or 90-day payment. All banks require that you have aRead More →

COVID 19 PREDICTION FOR REAL ESTATE NOT POSSIBLE  March /25 How does one even begin to predict the future or such uncertainty?  This one without a doubt took all of us with a surprise. with accepted offer pulling away suddenly. With sellers not knowing if they should halt all expectations or regret why they did not move forward with the last offer before covid came around. Buyer wondering what hit them closing prolonged but apparently still going to happen. With all this chaos I humble myself and say there is no way to predict an outcome. There are a few things we do know. LifeRead More →

Faruqi Team - No recession in 2020

All the news in 2019 about a recession coming our way has fizzled out and most experts now agree it would be very unlikely. Even Federal Reserve officials saw a decreased likelihood of a recession over the next couple of years, according to minutes from their policy meetings in December 2019.1 Even if so — with the exception of the Great Recession of 2008 — the housing market has weathered other recessions since 1980, as year-over-year existing-home sales growth barely declined in all other previous recession in the last 40 years.2 Because of the the talk of recession, many buyers have been waiting for home prices to drop like theyRead More →

First steps to buying a home _ Faruqi Team at Keller Williams

Buying a home (house, condo, co-op) can feel complex and overwhelming — and rightfully so — it is one of the most important decisions of your life. But with careful research and guidance, it really should not be too daunting of a task. This easy guide to home ownership will take you through the steps you will need to prepare for the journey, and get you into your dream home.   STEP ONE: FAMILY CONSENSUS Be sure the decision to purchase a home is discussed with every member of your household. If even one member of the family is against making such a life-changing decision,Read More →

In many respects, buying a condo is similar to buying a single-family home. However, there are a few considerations that are unique. In light of that, I asked real estate experts to share there best advice for someone who’s looking to buy a condo. Here’s what they had to say: Research the building to make sure it fits your needs When looking to buy a condo, do your research first. Explore target areas and narrow down what suits your lifestyle best. What is most important to you? Accessibility to work and transportation, school districts, amenities, etc. Do you prefer a garage or parking space? DoRead More →