Learn About Mortgages, Taxes, Inspections & More
Buying your first home can be an intimidating and overwhelming experience. However, Hempstead Town Receiver of Taxes Don Clavin is about to make the experience much simpler and less scary. Joined by financial expert Anthony Genova, who boasts almost 15 years of experience in presenting first-time homebuyer programs with a major international financial institution, Clavin will explain “need-to-know” information on mortgages, property taxes, home inspections, tax exemptions the new federal tax code and more.
“The purchase of a first home represents the accomplishment of a major life goal for many,” stated Clavin. “At the same time, the process can be intricate, presenting financial, legal and other hurdles. Accordingly, our seminars will provide answers to common questions, offer valuable information, help purchasers avoid common pitfalls and possibly even save purchasers money as they acquire their first residence.”
One of the most common areas of concern that has developed for first-time homebuyers centers around the new federal tax code and how it will impact them, especially with regard to the code’s limits on the deductibility of property tax payments on income tax returns. Other areas that will be addressed at the First-time Homebuyer Seminars include mortgages, inspections, title insurance, contracts, tax payment information/options and closings. Those in attendance will also obtain details on their eligibility for tax exemptions, tax information, tips on how to challenge home assessments and information on local governments, including the town, county and school districts.
Clavin announced that it is a great time to purchase a home with mortgage rates still at reasonable levels. Also, the Receiver noted that many homeowners are looking to purchase now as home prices are on the rise. In fact, the closing price for homes in Nassau County has risen by 8 percent year-over-year as of March, according to MSLI (Multiple Listing Service of Long Island, Inc.).
“I am happy to partner with Don Clavin to make the home purchasing experience more rewarding and less challenging for first-time homebuyers,” stated Genova. “Helping purchasers navigate this process is rewarding, and we are offering valuable information that will help people avoid costly and time-consuming mistakes as they establish their first home.”
The seminars will be held on the following dates:
- May 14th, 7 p.m., Uniondale Public Library (400 Uniondale Ave., Uniondale)
- May 16th, 7 p.m., Elmont Public Library (700 Hempstead Tpke., Elmont)
- May 18th, 7 p.m., Valley Stream Village Hall (123 S. Central Ave., Valley Stream)
- June 11th, 7 p.m., Oceanside Library (30 Davison Ave., Oceanside)
- June 13th, 7 p.m., Merrick Library (2279 Merrick Ave., Merrick)
- June 14th, 7 p.m., Levittown Public Library (1 Bluegrass La., Levittown)
For more information on the upcoming seminars, please call the Hempstead Town Receiver of Taxes Office at (516) 538-1500.
“Welcome to America’s largest township to all of our first-time homebuyers,” concluded Clavin. “By attending one of these informative seminars, you will be taking a great first step in becoming a member of our township’s family of property owners.”