• Greater Binghamton Office
    (607) 757 2100
  • Penn Yan Office
    (315) 536 7456

buying a house

6 Creative Ways to Afford a Home

Think you can't afford a home of your own? Read on to discover some creative ways to make it happen:

1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development, www.hud.gov.

2. Explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage.

Owning Homes Saves Taxpayers Billions!

Take a quick look at this infographic to see how much money homeowners have saved through real estate deductions. Spoiler alert: They kept in their pockets roughly $100 billion in 2012 alone!

5 Property Tax Questions You Need to Ask

How many bags of money will you need to pay your property taxes?There are a lot of expenses involved in your home purchase and your mortgage and homeowner's insurance won't be your only bills. Property taxes can add up, especially in New York State. Here are a few property tax tips to keep in mind when searching for your next home:

1. What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information.

2. How often are properties reassessed, and when was the last reassessment done? In general, taxes jump most significantly when a property is reassessed.