NYC Real Estate News by Fernando Branco, Real Estate Broker, GRI, ABR, CNE - Fernando Branco Realty

Weekly Manhattan Market Update - Oct 8, 2021  A weekly real-time narrative on all the talking points you need to know about the Manhattan Real Estate market as it happens. Get ahead of the curve and know what's happening with this week's market update. This week's highlights:  Supply is on its biggest run since the reopening Pending sales ticks lower again The buyer discount window is open A peek at the weekly listing flow trends Movers & Shakers and a look at Price Action Weekly Manhattan Luxury Market Update - Oct 8, 2021 46 Contracts were signed at the $4 million and above, which is more than double last week's number of contracts signed.  - 32 Condo Units with an average asking price of $6,9M and average $/sqft of 2,743; - 7 Coop Units with an average asking price of 6,8M; - 7 Townhouses with an average asking price of $11.4M and an average $/sqft of 1,819.  - The overall average asking price: $7,6M - The median asking price: $5,650M - The total average ...

DO YOU HAVE QUESTIONS? LET US HELP YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPAL BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e: Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!! Fair Housing - Agency - Covid19 Disclosures

Good morning, Eric.  In Manhattan, there’s no signed offer.  The deal-related docs (with the terms of the offer and Condo docs) were sent to both seller’s and your attorneys.  The seller’s attorney will prepare the first draft of the contract and send it to your attorney (Steve Ebbin & Diana Umansky).  Meanwhile, Steve & Diana will start the due diligence work, looking through the Condo’s offering plan, financials, etc., to make sure there are no major issues, pending litigation, and/or anything else that could be a potential risk for you as a new owner.  Steve & Diana will also negotiate clauses in the contract to protect your (buyer's) interests.  Once Steve & Diana finish their due diligence work and the contract negotiations, they will present you their findings and give you the negotiated contract for you to sign (likely Electronically) since you’re not in NYC.  At that point, you will make your deposit (likely via a wire) of 10% o...

Mortgages for teachers and first responders   Written by   Zach Wichter Aug. 2, 2021 / 2 min read   Edited By   Bill McGuire Share this page At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict  editorial integrity , this post may contain references to products from our partners. Here’s an explanation for  how we make money. A new bipartisan bill in the House of Representatives, called the HELPER Act (or Homes for Every Local Protector, Educator, and Responder) aims to help teachers and other first responders who kept things going during the height of the COVID-19 pandemic by providing them with a one-time, down payment-free  mortgage . The bill still has a way to go before possibly being enacted, but if it is passed, here’s what it could mean for those covered by the legislation. We also have information on existing programs for people in these professions. What is the HELPER Act? The bill would create a one-ti...