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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

Losing a loved one is never easy and when you’re faced with the responsibility of selling their home, the process can feel overwhelming. The good news? You don’t have to handle it alone. The LJ Realty Team is here to help you move forward with confidence, compassion, and clarity every step of the way. Here’s a streamlined guide to help you understand how to sell a property through an estate: 1️⃣ Determine Ownership Type Start by reviewing how the property is titled is

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

Selling your home is a big decision and partnering with the right real estate professionals can make all the difference. At LJ Realty , we combine local market expertise with proven strategies to help you sell faster, smarter, and with less stress. View Full Video At: https://www.instagram.com/reel/DQMjHPUEbxF/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA== Here’s what you get when you work with our team of trusted Realtors: ✅ Accurate Market Pricing

It’s a Balanced Market in beautiful Howard Beach! 🏡 This coastal Queens neighborhood continues to attract homeowners seeking a blend of suburban calm and city convenience. With a solid mix of supply and demand, Howard Beach remains a steady and desirable market for both buyers and sellers. ✅ Months of Inventory: 5 months 👨‍👩‍👧 Population: 31,000 💵 Average Household Income: $94,000 🏫 School Rating: B+ average 🛡️ Crime Grade: B- 💰 Recent Sales Range: $350K – $1

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

It’s a Balanced Market in Rego Park! 🏡 Located in the heart of Queens, Rego Park continues to stand out as a vibrant, well-connected neighborhood offering a mix of affordability, convenience, and community . Whether you’re a first-time buyer or a seasoned investor, Rego Park’s stable housing market and strong local amenities make it a standout choice. 🏠 Market Snapshot: ✅ Median Sold Price: $1,020,000 👨‍👩‍👧 Population: 63,

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 you should skip your due diligence! Here’s what every buyer should know before moving forward 👇 🔹 1. Property Condition: You’re purchasing the home in its current state. Always schedule a professional home inspection to uncover any hidden issues like foundation cracks, roof leaks, or plumbing problems. 🔹 2. Clear Title: “As-Is” does not

One of the most common questions in real estate today is: “Who actually pays the real estate agent’s commission?” The answer has changed and it’s important for buyers and sellers alike to understand the new rules that took effect in August 2024 . 1️⃣ Traditional Model Shifted For decades, it was standard practice for sellers to pay both the listing agent and the buyer’s agent commissions out of the sale proceeds. But that long-standing norm has n

Great Neck remains one of Long Island’s most desirable communities, offering a blend of luxury living, excellent schools, and a vibrant lifestyle. Here’s the latest snapshot of the local real estate market: 🏡 Market Overview: Balanced Market Median Days to Sell: 38 days Months of Inventory: 5 (balanced between buyers & sellers) Median Sold Price: $1.8M This balance means neither buyers nor sellers hold a clear advantage, creating fair oppor

When you’re preparing to sell your home, it’s easy to focus on listing price, marketing, and negotiating offers. But one important closing cost that often catches sellers by surprise is the Transfer Tax . Here’s what you need to know before heading to the closing table: 🏡 Who Pays the Transfer Tax? In most cases, the seller is responsible for paying the transfer tax at closing. This fee is essentially a tax on transferring ownership of property from on

Elmont’s real estate market continues to favor sellers—and the numbers tell the story. With limited supply and strong demand, homeowners...

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...

When it comes time to sell your home, one of the most important steps is setting the right listing price . Price too high, and your home risks sitting on the market. Price too low, and you could leave money on the table. That’s where a professional Listing Agent and a Comparative Market Analysis (CMA) come in. A CMA is a detailed report that provides valuable insights into your property’s true market value. Here’s what it includes: ✅

Thinking about buying or selling in Plainview, NY ? Here’s the latest snapshot of the local housing market—and it’s a strong seller’s market! 🏡 📊 Market Highlights ✅ 1.48 Months of Inventory – Low supply means homes are selling quickly with strong competition. ✅ Median Sold Price: $912,000👨‍👩‍👧 Population: 26,000 💵 Median Household Income: $185,000 🏫 Top-Rated Schools: Rated A to A+ across the district. 🛡️ Safety: Plainview North

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

Did you know September is one of the BEST months to invest in real estate ? 🍂 Here’s why: Many first-time homebuyers pause their search...

At LJ Realty Team , we believe informed clients make confident decisions. So here are the Top 5 Deal-Killers that can derail a real estate transaction—plus a few tips to help you stay ahead of the curve. Ever get excited about a real estate deal, only to hear it fell apart at the last minute? You’re not alone. Whether you’re a first-time buyer , a seasoned investor , or selling your home , knowing what can go wrong is key to making it right. 1

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