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’ve been wondering “What’s really happening in the Nassau County housing market?” the answer is in the numbers. In just the last 30 days, 12 single-family homes across Nassau County successfully sold between $600,000 and $700,000 . This price range continues to be one of the most active segments of the market, proving that well-priced homes are still moving and motivated buyers are very much out there. Whether you’re planning to buy or sell, here’s what the market actu

Manhasset continues to shine as one of Long Island’s most prestigious and sought-after communities and the numbers prove it.  If you’re thinking about selling, now might be the perfect time. Let’s break down what’s happening in the market this month. . 🏡 It’s Official: Manhasset Is a Strong Seller’s Market Low inventory and high demand are keeping sellers firmly in control. Here’s what the latest data shows: �

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 mortgage payments can become overwhelming. When that happens, knowing your options is key to protecting your...

If you’re an investor in New York looking to grow your real estate portfolio  while deferring capital gains taxes , a 1031 Exchange...

We’re excited to share that another beautiful property is officially under contract  — thanks to the hard work and dedication of our LJ...

Buying or selling a home in New York is an exciting journey, but even the most promising deals can fall apart before closing day. At LJ...