If you’re purchasing a home in the Hudson Valley, you should be aware that there are a handful of towns that charge a one-time tax at the closing table, called a “community preservation” tax. The rates vary between towns, range between 1-2%, and are levied on the amount over the median sale price in that county. This new tax aims to fund critical projects like open space preservation, affordable housing, and historic preservation.
Read MoreGetting the keys to your dream home involves more than just coming up with the down payment. Here are the most common costs home buyers in The Catskills and Hudson Valley will encounter, including specific dollar amounts. These reflect actual expenses from recent transactions, but please note, each deal is different and your experience may vary. I’ve excluded mortgage-related fees which we’ll cover in a separate post.
Read MoreIt’s been a seller’s market in The Catskills and Hudson Valley for several years now, with Covid pouring gasoline on an already white-hot market. So who are the the lucky ones winning those bidding wars? And how are they coming out on top? There are definitely strategies, and I’ll share my Top 7 here.
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