Buyer's Guide 
There are currently 6 blog entries related to this category.
What Happened in 2011 with the Ulster County Real Estate Market??
Tuesday, January 17th, 2012 at 3:16pm. 205 Views, 0 Comments.
Ulster County Real Estate 2011 in a Nutshell!!
2011 was an interesting year for Ulster County real estate. Overall total units sold were down 15%. However flying in the face of that trend was a 3.6% increase in the average sale price of homes. This increase represents the first such increase year over year since the market topped in 2007. Average days on market for homes sold increased by a minimal 3%, and the list to sale ratio remained steady from 2010 at 93% of asking price. Interest rates remain at the lowest level since the 1950.
What does this mean to buyers and sellers? On the buyer side it makes sense to strongly consider a purchase in 2012. The increase in average sale price could signal the beginning of a rebound in the market…
Top 10 Cities to Get The Best Bang for Your Buck, Kingston NY
Thursday, January 7th, 2010 at 9:08am. 783 Views, 0 Comments.
Kingston, NY is one of Barbara Corcoran’s top 10 cities in the country to get The Best Bang for Your Buck. Click Here to view the segment from the Today Show. The average sale price in Kingston for 2009 was $161,172 for single family residential sales. While the average sale price in Ulster County was $241,758. The average above was based on MLS statistics.
First Time Home Buyer Tax Credit Extended and Expanded!
Thursday, November 12th, 2009 at 9:03am. 924 Views, 1 Comments.
Its official, the Worker, Homeownership and Business Assistance Act of 2009 extends and expands the first time home buyer tax credit. The new law:
- Extends deadline to April 30, 2010
- You must enter into a binding contract by April 30, 2010 and close by June 30, 2010.
- Allows long time homeowners buying a replacement principal residence to receive the credit
- Long time homeowners who buy a replacement principal residence may claim a credit of up to $6,500. They must have lived in the same principal residence for five consecutive years
- Raises income limits for qualification
- People with higher incomes can now qualify for the credit. The new law raises the income limits to between $125,000 and $145,000 for Individual…
New First Time Home Buyer Tax Credit!
Tuesday, September 29th, 2009 at 2:04pm. 1214 Views, 1 Comments.
New York State Mortgage Credit Certificate Program (MCC) is a new program for first time home buyers. With MCC, 20% of your annual mortgage interest can be converted into a tax credit and deducted from your Federal Income tax.
Example with a mortgage of $200,000 and an interest rate of 5.5% the mortgage interest paid in the first year is $10,933. With an MCC, 20% of interest can be converted to a direct tax credit, a savings of $182 per month, $2,186 per year.
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Real Estate Myths
Monday, November 3rd, 2008 at 3:24pm. 717 Views, 1 Comments.
All Real Estate agents are the same. Most Americans hold a driver's license. Does that mean that they all drive the same way? Real Estate agents and drivers are licensed by their state. But people drive differently, and real estate agents approach their jobs differently as well. Buyers and sellers should choose their agent carefully. Designations such as Accredited Buyer Representative, Senior Real Estate Specialist, Graduate Realtor Institute indicate a level of higher competence. Length of experience can also indicate a level of expertise. Another area of distinction is personal referral. Buyers and sellers may want to talk to family, friends and neighbors about their experience in real estate and obtain names of Real Estate agents to contact. A strong…
Ulster County Land for Sale
Monday, March 24th, 2008 at 3:21pm. 3107 Views, 6 Comments.