“The Four-Step Moving Plan,” a free real estate workshop led by licensed real estate broker Michael Olear, will take place at 11 a.m. Saturday, Oct. 19, at Sandra Lane Senior Apartments, 705 Sandra Lane, North Tonawanda.
For older adults, their loved ones and caregivers, the workshop will cover topics including “right-sizing” and simplifying a living situation, preparing for a move, related legal and regulatory issues, and available resources and tools. To register, call 880-4442 or email firstname.lastname@example.org.
If you’re lucky enough to own a mansion in New York State, we have some good news and some bad news for you.
First, the good news: You own a mansion! That must feel great. Congratulations!
Now the bad news: New York State is increasing both the transfer tax and the mansion tax when these multi-million dollar properties are being sold.
Now more good news: Currently, these tax increases are only taking place in cities where the population exceeds one million people. In other words, it’s only impacting the five boroughs of New York City. In case you’re wondering, the population of cities like Buffalo, Rochester and Syracuse are all well under 300,000.
Now more bad news: That could always change to include more cities with smaller populations. The state is in debt and needs more revenue streams.
Our advice: Enjoy your mansion. But if you’re thinking of selling, please give The Olear Team a call today!
In part two of our video series “How to Get Your House Ready to Sell,” James Conley talk about Absorption Rate.
Absorption Rate – Don’t get left wet
- What is an absorption rate?
- When is a market fair between buyers and sellers?
- How does this affect my sales price?
- How does this affect how long it takes to sell my house?
- Pricing Strategy – should you price your home realistically, or is it okay to be more aggressive?
- When should I find out about the absorption rate for my home?