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Neighbor News

Builder offers to pay buyer's property taxes

Newly constructed home has many features, including paid for property taxes

New Home Offered With Paid Property Taxes.

$50,000 Incentive Sparks Interest from Buyers

(New City, NY – Aug 1, 2017) A newly constructed luxury home in Stony Point, represented by Ron Chromey of Keller Williams Hudson Valley Realty is offered with a very attractive incentive to new buyers. The buyer of One Sandyfileds Lane, in Stony Point will have their property taxes paid by the builder for the first two years, an unheard of and unprecedented offer in the NY area. Since it is new construction, there is no actual dollar amount on record, however, it is estimated to be a $50,000 + value.

Property taxes have been a deterrent to home sales, especially new construction. New Luxury Home sales in the higher priced category have been further impacted in Rockland County, where the property taxes are the 2nd highest in the nation. This new incentive for a new luxury home in Stony Point, looks to help the luxury buyer overcome the initial expenses of high property taxes.

Ron Chromey, on behalf of the seller explained “Escalating property taxes have been one of the major costs to home ownership and it also has had an impact upon a buyer’s decision to buy…especially in Rockland where taxes have increased. The mortgage qualification is also

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affected because the taxes are factored into the buyer’s debt to income ratio, making it harder to qualify.”

Chromey added: “this high-end home with a full bathroom in each of the 5 bedrooms, has many unique and desired features and amenities. It now has an added value for the new owner who will not be reaching further into their budget to pay the property taxes, during the first 2 years of ownership, which is usually the most financially difficult period of new home ownership. I know of no other property, especially of this caliber, that is offered with this kind of incentive to the buyer. That’s why there has been so much increased interest in this home.”

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The ready to move-in home is also unique in its features, including sound proof, 5/8-inch walls, 11 heating zones, 3 air conditioning zones, 3 car garage, master bath spa with jacuzzi and intimate dual shower heads, 2 remote controlled gas fireplaces, gourmet kitchen, and trayed and vaulted ceilings. It is offered completely ready, turn – key for $1,200,000.

One Sandyfields Lane, Stony Point, NY is part of Stony Ridge Estates, a community of new to be built luxury homes each 3,000 – 5,000 SF in size, with 16 remaining available lots, represented by Ron Chromey, an experienced Realtor licensed in NY and NJ with Keller Williams Hudson Valley Realty in New City. More information can be obtained by visiting the website: www.StonyRidgEstates.com

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