← Back
Sabrina Yearwood · Real Estate

Your Long Island
Home Buyer's
Guide

Everything you need to know before you buy. No jargon. No pressure. Just real answers.

Licensed New York Real Estate Agent
A Note From Sabrina

"Buying a home is one of the biggest decisions you will ever make. It should not feel overwhelming."

I made this guide because most buyers go into the process not knowing what to expect, and that is when mistakes happen. Whether you are a first-time buyer or you have done this before, this is what I walk every client through before we ever start looking at homes.

I work with buyers all across Long Island. I offer a free consultation with zero obligation. Read this, save it, and reach out when you are ready.

How Buying a Home on Long Island Actually Works

01
Get Pre-Approved First

Before you fall in love with a house, know what you can actually afford. A pre-approval letter from a lender sets your real budget and tells sellers you are serious. This is the very first move, not something you figure out after you start looking.

You will need two years of tax returns, recent pay stubs, bank statements, and a credit check. Your lender walks you through all of it.
02
Know What You Actually Want

Make a list of what matters most: bedrooms, commute, school district, yard, garage. Then separate your must-haves from your nice-to-haves. This keeps you focused when emotions run high and prevents you from settling or overspending.

Long Island tip: School districts vary enormously by zip code and can significantly affect home value, even within the same town.
03
Work With a Buyer's Agent

A buyer's agent works for you, not the seller. I negotiate on your behalf, help you understand what a home is actually worth, flag red flags, and guide you through every offer and counteroffer.

My fee as your buyer's agent is 2%. In most transactions this can be rolled into the deal so it does not come out of your pocket at closing. We walk through exactly how this works before you sign anything.
04
Start Touring Homes

Once you are pre-approved and working with an agent, the real search begins. Be honest about what works and what does not. The more clear you are, the better your search gets.

Focus on the bones of the house: layout, roof age, windows, basement condition. Paint and fixtures are easy to change. Structure and systems are not.
05
Make an Offer

When you find the right home, we move quickly. Your offer is based on comparable sales, market conditions, and the seller's situation. On Long Island, competitive homes can receive multiple offers within days of listing.

Your offer includes purchase price, down payment amount, mortgage contingency, inspection contingency, and a proposed closing date.
06
Home Inspection

Never skip the inspection. A licensed inspector walks through the property and produces a detailed report on every major system. This protects you and often gives you negotiating power if issues are found.

Common Long Island issues: older oil tanks, aging roofs, basement water, outdated electrical. None are automatic deal breakers, but you need to know they are there.
07
Attorney Review and Contract

In New York, both sides hire a real estate attorney. Your attorney reviews the contract, handles the title search, and protects your interests all the way through closing. This is not optional and it is worth every dollar.

Attorney review typically takes one to two weeks after an accepted offer.
08
Mortgage Commitment

After the contract is signed, your lender moves into the full mortgage process. They order an appraisal, verify all your financial documents, and issue a commitment letter. Do not make large purchases or open new credit during this time.

The bank's appraisal must come in at or above your purchase price. If it does not, we negotiate or reassess your options.
09
Final Walkthrough and Closing

Right before closing you do a final walkthrough to confirm the home is in the agreed condition. Then comes closing day, where you sign the paperwork and officially get the keys.

Closing costs on Long Island typically run 2% to 5% of the purchase price and include attorney fees, title insurance, mortgage taxes, and prepaid expenses. Budget for this early.

What Buying on Long Island Actually Costs

People focus on the purchase price but miss the upfront costs. Here is what to plan for.

Cost
Typical Range
Down Payment
Depends on loan type and lender
3% to 20%+
Attorney Fee
You hire your own attorney in NY
$1,500 to $3,000
Home Inspection
Worth every dollar
$400 to $700
Appraisal
Ordered by your lender
$500 to $800
Title Insurance
Protects your ownership rights
$1,500 to $3,500
New York Mortgage Tax
Specific to New York State
~1% of loan
Prepaid Taxes + Insurance
First months paid at closing
Varies
Moving Costs
Plan ahead, prices vary widely
$1,000 to $5,000+

Straight Answers

How long does the whole process take?

From accepted offer to closing, typically 60 to 90 days. It can move faster with a cash offer or slower if there are complications with the inspection or mortgage.

What credit score do I need?

Most conventional loans want a 620 or higher. FHA loans can go lower but come with added costs. The higher your score, the better your rate. If your credit needs work, start there before you start shopping.

Can I buy and sell at the same time?

Yes, but it requires careful coordination. We talk through your specific situation and build a timeline that makes sense for you and your life.

Do I need to use the seller's agent?

No. And you should not. The seller's agent works for the seller. You deserve someone in your corner working only for you.

What if the home does not appraise?

We negotiate. The seller can lower the price, you can make up the difference in cash, or you can walk away and keep your deposit. This is exactly why appraisal contingencies matter.

Is it a good time to buy on Long Island?

Inventory has been tight across Long Island for years, which keeps prices competitive. But interest rates, your personal finances, and your life timing matter just as much as market conditions. I give you an honest read based on your situation, not a generic answer.

Free Consultation

Ready to figure out
your next move?

I offer a free, no-pressure consultation by Zoom or in person. We talk through your situation, your timeline, and whether buying right now makes sense for you.

Message Me on Instagram
(631) 949-1705

Town of Babylon · Long Island, NY