Open Houses

Hi!  We have a lot of updates coming to our website including IDX search which means you will be able to come here and search not only our listings, but every listing that is on the market.  One stop shopping!

In the meantime, check out all the open houses in the area, including our’s here:

http://www.usamls.net/ithaca/default.asp?content=open_house&menu_id=38199

Financing and Such

Hello everyone! It has been a long time since I have had the time to write anything for our blog! The real estate business has been very vibrant this year. Lending appears to be a little tighter, but banks are indeed still lending money! CFCU has just started offering vacant land loans. VA and USDA mortgages are still a very good source of low and no money down financing. At the time of writing, Jason Vollers at Prime Lending offers a one time interest rate reduction if interest rates fall after you lock in your rate. Finally, the First National Bank of Groton has now started offering 25 year mortgage terms to qualified buyers (their previous cap was generally 15 years).

-Thinking of buying? Call our office!

Casper’s Diner

Caspers Diner For Sale in Groton

Caspers Diner For Sale in Groton

Casper’s Diner is for sale in Groton, Ny!  This long-running business features a diner, a three bedroom owner’s apartment, and many recent upgrades.  It’s priced to sell at $199,900.  Contact Kristopher W. Buchan, New York State Licensed Principal Broker at 607-898-3456 to find out more today!

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

LOCAL LAW NO. 3 OF 2014

A LOCAL LAW AMENDING CHAPTER 181 OF THE CODE OF THE VILLAGE OF GROTON, TAXATION, TO AMEND ARTICLE III, THEREOF BY REPLACING THE EXISTING ARTICLE III WITH A NEW ARTICLE III OF CHAPTER 181

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:

ARTICLE III
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!

http://tompkinscortlandrealestate.com/ScuttHill.html

 

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.