🏡 Buying or Selling in Queens or Long Island? Here’s What You Should Know About Double Appraisals
- marketing928870
- Nov 13
- 2 min read
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. To make sure the new sale price reflects real market value and not just cosmetic upgrades banks may ask for a second appraisal.
This process helps verify that the home’s value is supported by comparable sales and that both buyer and lender are fully protected.
🧭 How LJ Realty Team Helps
Not sure if your deal qualifies for two appraisals? Don’t worry our experienced agents and mortgage team work side by side to guide you from start to close.
We’ll help you:
✅ Identify when an extra appraisal may apply
✅ Coordinate with your lender for smooth processing
✅ Keep your timeline and budget on track
Whether you’re buying your first home or selling an investment property, our goal is to make your transaction as seamless and informed as possible.
📩 DM us today for a quick consult and let’s make your next move a smart one.
📍 LJ Realty Team – Your Local Guide to Homeownership!
127-03 Rockaway Blvd, South Ozone Park, NY 11420
📞 (516) 218-1297
LJ Realty Team | Buy • Sell • Rent Equal Housing Opportunity
LJ Mortgage Team Inc. NMLS# 2120286 Purchase & Refinance | NYS Registered Mortgage Broker, NYS Dept. of Financial Services Broker arranges mortgage loans with third-party providers. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR CORRESPONDENT LENDER. Licensed by the N.J. Department of Banking and Insurance. We do not make mortgage loan commitments or fund mortgage loans.
NMLS ID #2120286 | www.nmlsconsumeraccess.orgTerms and conditions apply.
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