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A recent memo issued from Nassau County Legislator Norma Gonsalves reminded homeowners in New York to be aware that New York State offers a STAR property tax exemption for all homeowners for their primary residence. The STAR program offers an exemption towards school taxes (there is also an Enhanced STAR program for low-income households.) All homeowners may apply for this exemption once and the application is automatically renewed each year.
Before you negotiate a sales price, it's important to determine if you or the seller has the stronger position. Knowing this will help you plan your negotiation.
The seller may have the stronger position if:
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Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, fixed-rate mortgages reached record lows, while the 5-year adjustable rate remained tied at its low for this survey. (The 30-year fixed-rate survey began in 1971, the 15-year began in 1991, and the 5-year adjustable in 2005.) The 30-year fixed-rate mortgage (FRM) averaged 4.36 percent with an average 0.7 point for the week ending August 26, 2010, down from last week when it averaged 4.42 percent. Last year at this time, the 30-year FRM averaged 5.14 percent. |
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