It's a new year, and a new market! That's right, folks, the Spring market is just ahead and it's time to take stock of some of the most common pitfalls that trap sellers that can cost them lots of time and money. Not checking building records prior to going live on the market tops my list of main offenders, because it is by far and way the most common, headache-inducing blunder home sellers make.
Tax grievance involves challenging property tax assessments to reduce tax liability. Homeowners must prove their property's assessed value is inflated, a process often requiring legal assistance. The grievance period is short, typically in May or June, and is best initiated in the year of purchase. Professional help can yield significant savings.
As property tax grievance season approaches in New York, homeowners may be overpaying. This post highlights the process of calculating property taxes and filing a grievance to potentially reduce assessments and save money. It provides essential steps, deadlines, and resources for homeowners to effectively navigate the grievance process.
Some homes have charm. Some homes have history. And then there are homes like this one, where the two show up together and clearly know each other very well. Built in 1776, this stone Toll Gate House in Pawling is the kind of property that makes you stop and look a little longer. It has... Continue Reading →
As I've mentioned, the market is HOT, HOT, HOT...for sellers. For buyers, it's terrible, to be honest. We are indeed in the midst of a housing shortage. Here are the July stats: New listings were up +45% for the month of July versus last July, however month's supply of inventory was down -21.2% and homes... Continue Reading →
Much speculation has been made on the direction in which the real estate market is heading, and whether or not this is a good time to buy given current market uncertainties. “Are we heading for a recession?” is a commonly asked question among skiddish buyers. Here’s the thing, we already are in a recession. The... Continue Reading →
Quite simply, CMA is an acronym for Comparative Market Analysis. It’s a consideration of comparable property sale values. CMAs are important, and every home buyer and seller should know about them. Why? In short, to save you money. The CMA is the single most important tool available in pricing a home. I have written extensively... Continue Reading →
