Ithaca Real Estate this Spring

The real estate market has been busier than ever early this year–both nationally and locally. Our office has had more sales and offers in the first quarter of the year than we had the entire last half of last year. People are confident in the market and, with the stock market up, people are investing their money in real estate.

What does this mean to you? As a seller, this is the perfect time to list your property. Properly priced homes sell fast in this type of market.

If you’re looking to buy, this is a good time to be thinking about it because interest rates are not going to stay this low forever. They are creeping up slowly and we think that trend is going to continue.

Give Kristopher Buchan, principal broker, or Ronda Catlin, associate real estate broker, a call today at 607-898-3456. We’d love to help you!

Our New Office

We are proud to say that we now have TWO offices to serve our clients. Our new office is located at 105 South Cayuga Street, Ithaca, New York 14850. We’re proud to be part of the vibrant downtown Ithaca environment! Situated just off the Ithaca Commons, our new office is centrally located with plenty of parking and great visibility. The Spring market is strong this year! We’re seeing more buyers and sellers than ever before. It’s a great time to list and sell your home with Tompkins Cortland Real Estate.
Not in the market to sell? It’s a great time to buy, too. Interest rates are low and there are still low- and even no-down payment programs out there.
Call our offices today at 607-898-3456 to find out more information. Or, stop in and see our new office in Ithaca!

New Groton Local Law–Veteran’s Real Estate Tax Exemption



Section 1. Chapter 181 (entitled “Taxation”) of the Code of the Village of Groton is hereby amended to delete the existing provisions of Article III of such Chapter in their entirety and to replace the same with a new Article III to read as follows:

Alternative Veterans Tax Exemption

§181-20. Title.

This Article shall be known as the “Village of Groton Alternative Veterans Tax Exemption Law.”

§181-21. Purpose and Intent.

The Village of Groton Board of Trustees finds that it is appropriate to grant real property tax exemptions for veterans under the Alternative Veterans Tax Exemption Program as provided for in §458-a of the New York State Real Property Tax Law. It is the purpose and intent of the Village of Groton to authorize such real property tax exemptions for veterans and to set maximum levels of exemption as authorized by §458-a of the New York State Real Property Tax Law.

§181.22. Maximum Exemption Amounts.

Qualifying residential property (as defined in §458-a of the New York State Real Property Tax Law) shall be exempt from taxation by the Village of Groton as follows:

A. The maximum exemption to which a qualified owner (as defined in §458-a of the New York State Real Property Tax Law) shall be entitled under §458-a, subparagraph 2(a), shall be $12,000.

B. The maximum exemption to which a qualified owner (as defined in §458-a of the New York State Real Property Tax Law) shall be entitled under §458-a, subparagraph 2(b), shall be $8,000.

C. The maximum exemption to which a qualified owner (as defined in §458-a of the New York State Real Property Tax Law) shall be entitled under §458-a, subparagraph 2(c), shall be $40,000.

§181-23. Application for Exemption.
Application for exemptions shall be made in accordance with subsection 3 of §458-a of the New York State Real Property Tax Law, and any applicant convicted of making any false statement in the application for such exemption shall, in accordance with said subsection 3 of §458-a, be subject to the penalties prescribed in the New York State Penal Law.

§181-24. Effective Date.

This Article shall become effective immediately and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after January 1, 2014. All provisions of §458-a not inconsistent herewith shall apply.

Section 2. Superseding Effect. All local laws, resolutions, rules, regulations and other enactments of the Village of Groton in conflict with the provisions of this local law are hereby superseded to the extent necessary to give this local law full force and effect.

Section 3. Validity. The invalidity of any provision of this local law shall not affect the validity of any other provision of this local law that can be given effect without such invalid provision.

Section 4. Effective Date. This local law shall be effective upon filing with the Secretary of State of the State of New York.

Veteran’s Real Estate Tax Reduction in Groton

Another reason that we are proud to call the small village of Groton, New York home: last night, the village board passed a law that will reduce the property taxes that a veteran pays in the village of Groton! The new law takes affect in the 2015 tax year and it means that Groton is an even more perfect place for a veteran to buy a house.
There are a great many single and two-family homes available in Groton and the prices generally start in the early 100′s. We work closely with several VA lenders, too. Remember, VA mortgages require no money down and are quite easy to get into. If you’re a veteran, this is a good time to give us a call to start the home buying process! Kristopher Buchan, Principal Broker. 607-898-3456.

Cortland County Land

We’ve just had a major price reduction on our listing on Scutt Hill Road in Harford, NY!  We have 50 acres of recreational land listed at just $79,900.  Where can you find 50 acres of land for under $80,000?  This is a great piece of property for hunters and avid outdoorsmen.  The property is on a quiet, rural road and would make a great place for a cabin, hiking trails, or even a home.  The 50 acres are loaded with wildlife–great for hunters or for someone who enjoys the outdoors.  Call our office at 607-898-3456 today–we’d love to give you a tour!


Price Reductions and New Listings

This is not typically the time of year that most people think about buying a new home. However, the inventory level is coming up and there are some great deals on the market. Take our new listing at 51 Evergreen Street in Cortland. This 4 bedroom bungalow features a two car garage, a huge second floor bedroom with half bath, basement storage, and an enclosed front porch. Coming to the market for the first time in more than 30 years at $89,900.

City life not for you? Check out our biggest price reduction! A four bedroom one bath home in Locke. Just reduced to $79,900–WAY below assessment.

With interest rates so low, it doesn’t make sense to rent when you can buy. Call us at 607-898-3456 for help today!

56 Wheeler Ave

Kristopher Buchan’s listing at 56 Wheeler Avenue in Cortland is an amazing home. This three to four bedroom property features a double lot, large fenced backyard, two car garage, deck, den with wood stove, modern kitchen appliances, a full basement with workshop, a shed, a one floor floorplan, low utility costs, freshly painted rooms, a newer roof and more. This home is priced to sell at $99,900. The electric service is in the process of being upgraded, too! What’s not to love?

Call Kristopher Buchan, broker, today at 607-898-3456.

Our Fall Real Estate Market

The real estate market in upstate New York typically slows down in the autumn.  The leaves are turning color, the nights are cold, and the morning crisp air signifies that we are headed for winter.  Typiclaly, this is when people think about the forthcoming holidays and a whole lot less about moving and a new home.

What a difference this year has been!  Our telephones have been ringing more with home buyers than ever this year.  More are looking to move over the winter than I have ever seen before.  Even when I worked in the Orlando, Florida market, the real estate market slowed down in the winter because traditional families didn’t want to move during the school year.  This doesn’t seem to be the case this year.  A great many buyers that are calling looking for property want to remain in the same school district that they are currently in, but they do want to move forward.

Current buying conditions have to be at least partially to blame for this trend.  Interest rates are at historic lows and I don’t think that can last for too much longer.  Since you can often buy a home for less than renting an apartment, it definitely make sense to buy!  We have a large group of lenders that we can refer buyers to that can offer everything from no down payment programs to extremely low interest programs–depending on your individual situation.  Why not buy a home?  Or buy an investment property or two?  There is a finite amount of real estate–they aren’t making any more of it (except in Dubai, of course)!  Traditionally, real estate is always a good investment.

By the same token, this is a good time to sell.  Normally, I would recommend that sellers wait until the spring to put their homes on the market.  However, with the number of buyers looking–now is the time to list!

Call me, Kristopher Buchan, or one of our fine real estate professionals at Tompkins Cortland Real Estate.  607-898-3456.

Happy Autumn!

Groton Christmas Celebration!

Hello readers!  It’s a bit early to be thinking about Christmas, but we already are here in the village of Groton!  On December 15, 2012, we’re going to have the first ever village-wide celebration of the holiday.  We are looking for people to join the committee to help make this event a reality!

Anyone interested in helping out should contact us.  We’re looking for all sorts of new ideas to help celebrate the day!  We expect to have various retail events, singers, games, and all sorts of events for people of all ages.

Finally, the highlight of the day will be a book signing and meet and greet with two television stars!  We’re going to make this an event like no other!  So, why not help make this village an even better place to live?!


Our ESPN Radio Ads

In order to better serve our customers, we’ve started advertising on ESPN Radio, Ithaca.

So far, the response has been tremendous!  Earlier this week, Ronda Catlin and I recorded a new advertisement that will start to air sometime in the next week.  In the advertisement, we focus on our strengths as a small real estate brokerage.

“We’re NOT a factory!” is the theme we’re working with.  This is true in so many ways.  We work hard with each individual buyer and seller to create either a buying strategy or a sales marketing plan to get the end result that our client needs. 

We are “The Small Town Realtor with the Big City Service!”  We have all of the advertising tools and technology that the larger offices have, but we have the time to actually use them properly.  We spend the time needed with each client.  Our client base is small and therefore we have the time to allocate to each of our client’s needs.

Call us at 607-898-3456 if you’re looking to buy or sell real estate.  In the meantime, listen for our advertisements on ESPN Radio Ithaca!

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