Thursday, February 6, 2020 / by Vanessa Saunders
Do you live in NY’s Hudson Valley? Do you know that your taxes are based on the Assessed Value of your home, not the Current Market Value? You may well be paying more taxes than you should. Want a reduction GPS is here to help? One of our neighborhood Local Area Specialists who hold the PSA (National Association of Realtors Pricing Strategy Advisor) designation, will come to your house and do a complete and thorough walk-through, as we know only too well that no one house is the same as another, and it’s imperative to have a thorough understanding of your property’s attributes to price it correctly. Once we have your property’s details we analyze comparable sales in combination with your neighborhood market trends. Our PSA will then provide you with a suggested pricing report for review and discussion with our recommended Tax Grievance Attorney. Call us for your complimentary consultation today. +1914-368-0022
Monday, September 30, 2019 / by Vanessa Saunders
"Appraisal requirements axed on home sales under $400K."
That headline got my attention when I read it today on Inman News. But the ensuing story left me curbing my enthusiasm instead of popping champagne.
Inman explained it this way. "Following nearly a year of deliberation, federal regulators on Friday approved a long-awaited proposal to waive appraisal requirements on certain home sales of $400,000 and under."
“The appraisal threshold was last changed in 1994,” stated a press release issued by the Board of Governors of the Federal Reserve System. “Given price appreciation in residential real estate transactions since that time, the change will provide burden relief without posing a threat to the safety and soundness of financial institutions.”
Bumping the threshold up to $400,000 comes as good news to Hudson Valley home buyers, and REALTORS®, who have been expecting the decision for the last year. But what's not mentioned by ...