Understanding Closing Costs: What Long Island Buyers Actually Pay
Introduction You’ve saved for your down payment, you’re pre-approved, and you’re ready to buy. But here’s what catches many first-time buyers off guard: closing costs. On Long Island, closing costs typically run 2-5% of the purchase price. On a $500,000 home, that’s $10,000 to $25,000 on top of your down payment. Let’s break down exactly […]
The Home Appraisal: What It Is and Why It Matters
Introduction You’re under contract, you’ve passed the inspection, and now the bank orders an appraisal. What exactly is this, and why does it matter so much? What is an Appraisal? An appraisal is an independent assessment of a home’s market value, conducted by a licensed appraiser. Your lender requires it because they want to make […]
What to Expect at Your Long Island Home Inspection
Introduction You found a home you love, your offer was accepted, and now it’s time for the home inspection. This is one of the most important steps in the buying process — and one that can save you thousands of dollars or help you avoid a money pit entirely. Here’s what actually happens during a […]