What is a downpayment?

What is a downpayment? What is a downpayment & how is it applied? Your total downpayment consists of what you would put down at “contract” and what you would bring to the closing table.   So if you were going to put down a total  5% on a $500,000 home, you would have a total of $25,000 total downpayment that … Continued

What is the Peconic Tax?

What is Peconic Tax?

Peconic Tax, What is it and who pays it? The Peconic Tax is basically a real estate transfer tax based on the purchase price of property.  The towns of Riverhead, East & Southampton, Southold and Shelter Island are all subject to what we call the “Peconic Tax”.  Note:  Currently, there is a First Time Home … Continued

What is Bretton Woods Coram Pet Policy

Pool at Bretton Woods

Pet Lovers Note-Bretton Woods Coram Pet Policy Many people may be unaware that Bretton Woods is divided into 9 different independent condominiums with their own set of rules on specific topics. So what is the Bretton Woods Pet Policy? Pet lovers should note that condos groups 1, 7 & 9 do NOT allow any pets … Continued