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CENTURY 21 Sbarra & Wells’ Blog

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.

February Housing Sales Surprise in an Upswing

February 2015 Home SalesDespite the harsh winter that still has us in its grip, January's sluggish housing market gave way to a surprising increase in home sales in February across the nation. The number of houses sold was the highest in the Northeast region, although we did see a decrease in average sale price.

For more details, see the full REAL Trends report here.

Common First-Time Home Buyer Mistakes

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Don't let these common mistakes hurt your chances of getting the house you want! Contact us today to set up a meeting with one of our highly qualified agents who can guide you through the homebuying experience, step by step!