Why The Worst Time of The Year May Be The Best Time To Buy

An interesting article about why buying homes in the winter may be a better idea then waiting for the warmer months to make the big move.http://realtytimes.com/consumeradvice/buyersadvice1/item/26486-20131029-worst-time-of-the-year-may-be-the-best-for-buyers

New Help for first-time home buyers

11/29/2011

The New York State Association of REALTORS Housing Opportunities Foundation is once again offering $2,000 grants to first-time homebuyers for closing costs and/or down payment assistance.
The Housing Opportunities Foundation has entered into arrangement with The Community Foundation for the Greater Capital Region who will receive and review applicants and award grants throughout New York State.
Completed applications should be submitted to:
NYSAR Housing Opportunities Foundation
c/o The Community Foundation for the Greater Capital Region
Six Tower Place
Albany, NY 12203

I hope the Groundhog was right!

Jeanne & her pug at the edge of our driveway. February 2011

The 3.8% Sales tax is a myth?

According to a recent article published through the New York State Association of Realtors, recent e-mails circulating warn of a 3.8 % sales tax on all real estate sales starting in 2013 to help fund the health care program. I've seen these on line postings and have been commenting over time about them. This is a stretch of the truth according to Factcheck.org as pointed out in the article dated October 7th -- "Separating Internet myth from reality"



"the health care bill includes a provision that imposes a 3.8% Medicare tax for some high-income households that have "net investment income". Revenue collected by this tax is dedicated to the Medicare hospital insurance program."



The article goes on to say that the tax applies to households with an adjusted gross income (AGI) of more that $200,000 for individuals and more that $250,000 for married couples. "An additional tax obligation may result from the sale of real property because capital gains are included in the definition of the net investment income."

"Even if the AGI limits are met, the new tax would not be applied to capital gains that result from the sale of a home, since the existing home sale capital gains exclusion rule still applies - $250,000/individually and $500,000/couple. If the gain from the sale of the primary residence is below that amount, then NO Medicare tax will have to be paid. The new Medicare tax would apply only to a home sale gain realized in excess of the $250,00/$500,000 that pushes the AGI over the $200,000/$250,000 income limits."

Now, in particular with political elections around the corner, is a good time to ask for the truth from those running for office. Listen carefully to what they say.....

Affordable Rental in the Village of Millerton

A beautiful Home!

An early 1900's restored 2 story home with 3 bedrooms and 2 baths. On the first floor there is a good size kitchen, dining room with built-in china closet, living room, foyer and pantry with 1/2 bath. On the second floor there are 3 bedrooms, a den and full bath. There is a full basement and walk-up attic. The back yard is peaceful and adjoins the Harlem Valley Rail Trail. It's a short walk to the center of the Village of Millerton. There are beautiful wood floors, restored radiators, high ceilings and beautiful wood work. The large windows let in lots of natural light. As in many homes built during this period, the home has high ceilings. $1500/mo. The landlord is looking for a 1 year lease and security and will pay for snow plowing in the winter and the broker's fee. Good referrences are required. Just give Brad a call at Dutchess Country Realty.

Millerton, NY Live in one half and have the tenants pay your mortgage.

Both apartments are 3 bedrooms and mirror images of each other. On the fist floor of each there is a kitchen, dining & living rooms. The second level has three bedrooms and a bath. Both apartments have full basements and attic space. The building is in excellent shape and there are separate utilities. One side is currently rented for $1,000/mo. plus utilities. Located on a quiet side street, the eclectic, busy little Village of Millerton is within walking distance, including the trail head to the Harlem Valley Rail Trail. Call or e-mail us at Dutchess Country Realty, Inc.

Millerton - New Home opportunity

In the Millerton - Northeastern Dutchess County area - there have been little to no new homes built for resale over the last few years. This particular home was started just prior to the crash and has been on the market for some time and is now available at a drastic price reduction. All the extras! Red Oak floors - Marble & granite counter tops, cherry kitchen cabinets, fireplace, and more. The list is extensive. From the fleck epoxy garage floors to the central vacuum, or the eleven foot high ceilings in the LR-DR-Kit areas, the builder had built the house as his own. There is central ac, Andersen windows a high efficiency heating system and more. Oh, and there are mountain views. Located about 1mile from the Village of Millerton. 12 Miles to the Metro-North Sta. $539,000 - Just give us a call and we'll get you in.