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

Life happens and sometimes, keeping up with mortgage payments becomes harder than expected. If you’re facing that challenge, you’re not alone. The key is understanding your options early  so you can make the best possible decision for your future. Let’s break down two of the most common (and difficult) paths homeowners may face: Short Sale vs. Foreclosure. ✅ Short Sale: More Control, Less Damage A short sale  happens when you sell your home for less tha

When you see “As-Is”  on a property listing, it means the seller isn’t planning to make repairs or offer credits but that doesn’t mean...

Many first-time homebuyers breathe a sigh of relief once they lock in a 30-year fixed mortgage thinking their payment will never change....

One of the smartest ways to grow wealth in real estate is by using a 1031 Exchange   a powerful tool that lets you defer capital gains...

Franklin Square remains one of Nassau County’s most desirable communities, offering strong schools, high homeownership rates, and steady...

This week’s real estate snapshot is in, and here’s what’s happening in Hicksville, NY: 💲 Median List Price:  $864,000 🏠 Median Price...

At LJ Realty Team , we believe that the right tools make all the difference in closing deals quickly, efficiently, and with confidence....

Buying a home is a major milestone but before the excitement of submitting an offer takes over, it’s crucial to understand what you’re...