Welcome to Luther Forest Real Estate
The November 2016 Skinny (based on October 2016 statistics)
Empire State housing market posts highest November sales total since 2009
Closed homer sales in New York State jumped 7.1 percent in November 2015 compared to last November, reaching the highest total for the month in six years, according the latest New York State Association of REALTORS housing report. Key housing market measures including median sales price and pending sales also grew in November. Year-to-date statewide sales were 7.8-percent ahead of the first 11 months of 2014. Get the full report here.
New state laws take effect on January 1
Effective January 1, 2016, it will be unlawful for any person to engage, advertise or hold themselves out as a mold assessor, remediation contractor or abatement worker unless they have a valid mold license issued by the New York State Department of Labor (DOL). REALTORS must be aware that any mold assessor or remediation specialist you refer to customers, clients, sellers or purchasers must be licensed with New York State. This requirement is the same as those applying to licensed home inspector referrals. The state DOL website has a wealth of information available. The New York State Senate also recently highlighted several new laws that will: prohibit discrimination against domestic violence victims in housing; ensure equal pay; reduce the business income tax rate; provide property tax relief for eligible veterans; and expand health care access through telehealth services. More information can be found here.
Changes to the NY Star Exemption
NYS approved transitioning the current STAR exemption to a personal income tax credit for anyone who did not have a STAR exemption on their 2015 school tax bill.
What this means for current and prospective homeowners:
If you owned your home prior to 3/2/15 and were already receiving STAR, there is no impact on your school tax bills.
Anyone buying a home after 3/2/15 will now apply for a personal income tax credit on their NYS Income Tax return when they file. The tax credit should be an equivalent savings to what they would have saved on their school tax bill.
Do You Know About The STAR Registration Program?
New legislation requires all homeowners receiving a Basic STAR exemption to register with the New York State Tax Department in order to receive the exemption in 2015 and subsequent years.
For more information visit: The Department of Taxation & Finance website
We need Luther Forest rentals and sales! We have buyers and tenants and not many to show them!!
An Overview of our Greater Capital District Area
Luther Forest Real Estate, LLC is proud to Welcome Global Foundries to our newly created Tech Park here in Malta, New York.
The potential economic growth to our area only enhances our all ready vibrant and diversified cultural area of Saratoga County. Just visit our Saratoga County Chamber Website to see “What’s Happening”!.
Bringing AMD to Malta, in Saratoga County has been a long time coming and many thanks to the Political Officials and the Saratoga Economic Development Council for Never Giving Up on this idea.
Our Capital District area is within 3 hours of New York City, Canada and Boston as well as many other points of interest. Saratoga County is home to the oldest Thoroughbred Race Track in the Country, The Saratoga Performing Arts Center, The National Dance Museum, Saratoga Polo Club, and many other cultural programs and events.
Hudson Valley Community College, located in Troy, New York is making a home for their New Technology Program on Campus at the Tech. Park They will join New York State Energy, Research, and Development Authority, (NYSERDA) all ready in operation.
The Luther Forest Home Community is located just outside the gates of the new Technology Park and is comprised of Homes, with a wide variety of styles nestled with an abundance of Evergreens. In the mix are Townhomes and Free Standing Homes. Nice communities and nice people. They are within the Ballston Spa School District. A number of other Sub-Divisions and Apartment Complexes are within close proximity to the Park.
Luther Forest Real Estate LLC is located within 5 minutes of the Gates of the Technology Park and our associates have over 20 years experience in their respective fields. We offer a wide range of services to include new construction, existing home resales, buyer representation, rentals, property management and business start-ups.
Please use our site to find out more information on this exciting area, and contact us to assist you in moving to our area.
A Guided Tour is always our pleasure, and if its in the Summer time a Tour of our Saratoga Lake can be arranged.
Come Visit Us, You’ll be Glad you Did.
I look forward to meeting you!
Judith Van Patten, Owner and Principal Broker