Posts with tag 'Real estate'
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26
Understanding Property Taxes on Long Island Homes
Property taxes are one of the highest ongoing costs of owning a home on Long Island, and they can vary significantly from one town to the next. Our REALTORS® want you to feel confident about what you're signing up for before you make an offer, so here's what you need to know.
How Property Assessments Work
Your property tax bill starts with an assessment, which is the local government's estimate of your home's value. Nassau and Suffolk Counties each have their own assessment cycles and review boards, so it's worth checking your target town's most recent reassessment date before you buy, and a
15
What Summer Buyers Should Budget Beyond the Purchase Price
When you are ready to buy a home this summer, the purchase price is only the beginning. Our REALTORS® want to make sure you walk into the process fully prepared — so you are not caught off guard by the many additional costs that come with closing on and settling into a new home. Find an agent who knows the Long Island market and can help you plan every step of the way.
Closing Costs Can Add Up Quickly
Closing costs on Long Island typically range from 2% to 5% of the loan amount and are due at settlement. These expenses include lender fees, title insurance, attor...
26
What Goes Up - Goes Up Further | A Letter from our London Office
Nick Churton of Coach Realtor's London office looks to a genius to make some sense of the current international real estate market and offer some pointers for the future.
What Isaac Newton, who formulated the laws of gravity in the middle of the 17th century, would have made of the current gravity-defying real estate market is anyone's guess. But, no doubt, like most people he would have been flummoxed.
Even a genius like Newton, who worked from home during the plague of 1665/66, would have had difficulty making any sense of this market. Despite a global killer pandemic, tens of millions of people out of work, nations in lockdown, travel halted and national treasuries handing out trillions in support of businesses, jobs and mortgages, the real estate market booms. It should, by any calculation, have plummeted li...
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