What Every Homebuyer Needs to Know Before Signing a Contract When buying a home, one of the most important protections for a buyer is the bank appraisal contingency . This clause safeguards you if the home’s appraised value comes in lower than the agreed-upon contract price. Why does this matter? Because lenders base the loan amount on the lower of the contract price or the appraised value not the higher number. What Is a Bank Appraisal Contingency? A

If you’re buying or selling a home in Queens or Long Island , here’s a quick insider tip from the LJ Realty Team  🗺️: Some lenders may require two appraisals  on certain home resales especially in “flip” transactions  or when additional quality control checks  (called overlays) come into play. 💡 What Does That Mean? When a property is recently purchased, renovated, and quickly resold (often within 90–180 days), lenders sometimes flag it as a flip

Thinking about selling your home? In today’s market, preparation and strategy are everything. Whether you’re in Queens or Long Island, the right approach can help you attract more buyers, spark competition, and walk away with the strongest offers. Here’s a simple, effective seller game plan to get top dollar and keep more in your pocket. ✅ Price to Spark Competitive Bids Pricing low is not the goal pricing smart  is. A strategically set price dra

Attention New York homeowners! Did you know you could be saving hundreds each year on property taxes through the STAR (School Tax Relief)...