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

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

When purchasing a home with a mortgage, there’s one important cost you’ll encounter at closing that often catches buyers off guard the Mortgage Recording Fee . This fee covers the cost of officially recording your mortgage with the county , ensuring your lender’s lien on the property is properly documented in public records. It’s based on your loan amount , not  the total purchase price. 🏛️ What’s Included in Mortgage Recording Fees These are gove

Before you sign those closing papers and officially become a homeowner, there’s one crucial step  you should never  skip the Final Walk-Through . 👣✨ This is your last opportunity  to ensure everything is exactly as agreed before the keys are in your hand. Here’s why it matters so much: ✅ 1. Confirm the Condition Make sure the home is in the same (or better!) condition  as when you made your offer. Check for any new damage, leaks, or unexpected issues that might have appeared

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...

Buying your first home is exciting but it’s also a huge financial and emotional step. One pitfall many new buyers don’t know about is the...

At LJ Realty Team , we believe informed clients make confident decisions. So here are the Top 5 Deal-Killers  that can derail a real...

The East Meadow real estate market  is showing no signs of slowing down and it’s still a seller’s market!  Whether you’re thinking of...

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

Dreaming of homeownership but worried about the down payment? You're not alone—and you're not out of options! At LJ Realty Team , we're...

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...

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  –...