Going under contract  on a home is an exciting milestone especially for first-time buyers. But what happens if something changes? Are you stuck , or do you still have options? Good news: Being “under contract” doesn’t always mean the deal is final. In many cases, buyers can  cancel as long as it’s done properly  and within the rules of the contract. Here’s what every first-time homebuyer in Queens and Long Island  should know: ✅ Your Contract Controls Everythin

When buying a home in Queens, it’s important to understand the different taxes  involved in the transaction. Knowing who pays Transfer Tax  and Mortgage Recording Tax (MRT)  can help you budget accurately and avoid surprises at closing. 💰 1. Transfer Taxes (Seller Responsibility) If you’re purchasing a home at $750,000 with 10% down , here’s what the transfer taxes look like: NYC Real Property Transfer Tax (RPTT):  1.425% NYS Transfer Tax:  0.4% Who pays?  Typically, these t

By LJ Realty Team – Your Local Guide to Homeownership When you're shopping for a new home, it’s not just about the property itself it’s...

Buying a home is exciting, but don’t let hidden issues cost you later! Here are 6 major red flags  to watch for: ❌ Foundation Cracks  –...