I can't answer your first question, but I grew up in a 'dry town'. It means the sale of alcohol is prohibited. My home town in Illinois was completely 'dry'. And our neighboring town, our 'twin city' was 'dry' on Sundays. That has all gone by the way side now, but it was a kinder, gentler world when I grew up.... more
I will be happy to do a CMA for you. Please contact me and I will get it out to you. It is not possible to send it to you through Zillow.
As for the driveway, that is a difficult question. I think it would make your home more salable but whether it would increase the market value by $10,000 to get a full return on your investment is a difficult prediction. My advice to a seller would be if you plan to stay in the home and enjoy a project or if you are thinking in the lines making the home more salable- do it. To increase the value, there is just no guarantee that the project will increase the value.
I hope to hear from you regarding the CMA.
Barbara Carter MYS Lic Associate Broker
Quinn Realty Group
550 Route 299
Highland NY 12528
I think you must be looking at a property that has a Kerhonkson addresss and it's location is in the Town of Wawarsing. That particular township does not use 100% full market value as an assessed value to calculate their property taxes. They use a very small percentage of the full market value to calculate their assessed value (which is a percentage of the full market value) which then means that the dollar per $1000 is higher when figuring out their tax bills compared to townships that use 100% assessed value and the dollar per $1000 of assessed value is much higher. It looks like the property taxes are $100 on 1000 of assessed value, but in reality you're not seeing what the full market value is that they are using as their base for their calculation. You can call the Town of Wawarsing tax assessor for the full explanation as well. Their number is (845) 647-7800 x 235. Hope this helps.
Licensed Real Estate Associate Broker
WESTWOOD METES & BOUNDS REALTY, LTE.
845-687-0232, EXT 124 OFFICE
845-532-1716 CELL... more
The FHA 203k Rehab loan is a great product for buyers that are purchasing a property that will require work. There is one mortgage and one closing with the property appraised on the renovated value allowing the buyer to have the money available to complete the needed renovations.
The best thing to do would be to talk to your lender to see if your situation and the property qualify for the 203K program. Further information can be found on the HUD website below. As for borrowing from Family and friends before you do anything talk to your lender. There are restrictions on some loan products as to how much you can use as gifts, down payments,etc.
Another thing to ask your lender about is the USDA loan, where you can finance closing costs. Each individual has to be evaluated for the loan products the qualify for and each loan has it's own restrictions.
Quinn Realty Group... more
Property taxes vary according to municipality and school district. Property taxes also figure into how much rent you pay in the same areas as the landlord must pay the taxes on the property as well. It seems to me that you need to sit down with a real estate professional and mortgage broker to see what you feel comfortable paying monthly for mortgage, taxes, and insurance then see what houses in the area meet that criteria. I hope that will be helpful to you. If you would like to discuss it further please feel free to contact me.... more
That SHOULD be listed in the DISCLOSURES; should!
If not, you can just ASK;
A lot of people would not think of something like that for the Disclosures, but I can see where it would be important.
I would recommend gettng the well Inspected for both quality and quantity as part of your inspections. Put a Contingency on it too.... more
This is a tax imposed by the State of New York for the privilege of selling real property. Normally the seller pays it at the rate of $4 per $1000 but sometimes a builder forces the buyer to pay the fee.... more
What does your REALTOR say? Hard for anyone here to give you a definitive answer. It all depends on "Fair Market Value" -- basically what similar homes have been selling for in that area. It's possible that this home is priced at or very close to fair market value, and it's possible your area is in a seller's market right now. You might have to offer full price or very close to it. Again, you should be talking to your REALTOR. He/she is the expert and knows your local market conditions and can do a market analysis for you.... more