Home buying & selling – the steal vs the deal…

In my last podcast I addressed some of the issues facing home buyers – and more particularly, first time home buyers in our current sellers market.  I also promised to get back to you with some do’s and don’ts for managing this market.  So let’s start with one of the bigger don’ts!  And this don’t – though geared to buyers, applies just as much to sellers.

Don’t try to beat the market!  This is one of the biggest mistakes I see. Instead of dealing realistically with the market that they are given, some buyers dig in their heels and try to hunt down the last bargain in Westchester.

The trouble with that is simple:  with everything out in the open on the internet, there is no way anyone could hide a  secret stash of bargain houses – even if they wanted to, which in itself is highly unlikely.

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Buying your Westchester home in 2015 – sticker shock in a sellers market

Its that time of year again.  Home buyers with young families are venturing into the Westchester NY housing market, hoping to secure new digs in time for the next school year.  I know, I know, September seems a long way away, but if a family is truly in the market to purchase a home before the end of summer,  now is the time to start the search.

Westchester is one of the most expensive communities in the United States.  So it comes as no small surprise that many home buyers are blown off their feet by sticker shock.

The great buyers market is soooooo 2011…

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That condo is on the market for how much?!!! Westchester’s elusive empty-nester downsize…

Welcome to the Westchester View’s first  podcast.  This is hopefully the first of many podcasts on the state of the Westchester real estate market.  I hope you enjoy the content and find it helpful and informative.

The great boomer “downsizing” has begun in earnest!  Over the past couple of months I have been working with several empty-nesters as they tackle the good, the bad and the ugly of downsizing.

Sticker Shock isn’t just for first-time home buyers…

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Dream Home – Penthouse Edition 2014 – The Ritz Carlton of White Plains…

DreamHouse30 -SmallWestchester has many fall traditions.  It is famous for them.  Like the historic Hudson Valley Jack O’Lantern blaze, and Horseman’s Hollow, Westchester Magazine has created its own unique fall tradition: the Westchester Magazine’s Dream Home.  This year we have the “Penthouse Edition” at none other than the ultimate luxury complex – the Ritz Carlton in downtown White Plains NY.

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Another housing bubble or simply supply and demand….

Real Estate IssuesNAR just  released its housing report for Q4 2013 and I found some great information from the KCM blog regarding national and regional numbers.  If you ever watch talking heads on CNBC or any of the other presumed experts, your head is probably spinning  because everyone has a different take and every new report adds to the general chaos of data an numbers. But when I saw the numbers, the picture became a good deal clearer.

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For Sale In Ossining NY – 116 Cedar Lane

39 - Cedar - Exterior2- smallThe Bottom Line: 

  • Offered at $524,914
  • Property Taxes – $13,036

The Bullet:

  • 3 BR/2.5 BA
  • 2257 sf
  • 0.62 acres

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For Sale In Eastchester NY – 15 Eton Place

32 - Exterior2a - SmallerThe Bullet:

  • For-Sale-By-Owner
  • 5 BR/ 2.5 BA
  • 2900 SF (According to Zillow) 
  • 0.23 Acres
  • Offered at $749,000

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For Sale in Downtown White Plains NY – 2 Windsor Terrace #2G – A 2 BR/1 BA Cooperative

2 Windsor - Exterior2 - SmallThe Bottom Line:

  • Asking Price – $150,000
  • Common Charges – $924 without STAR
  • Deductible – 50%
  • Included Utilities – Heat/Hot Water

The Bullet: 

  • Square Feet: 1000
  • Parking: Wait list – $65/month
  • Living Space: 2 BR/1 BA

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For Sale in Mount Kisco NY 10549 – 25 Barker Street #201 – A 2 BR/2.5 BA Townhouse

25 Barker Street - Mount Kisco NY 10549The Bottom Line:

  • Asking Price: $349,000
  • Common Charges:  $348/month
  • Property Taxes: $4578 without STAR savings.

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Shopping Local – Supporting Your Community….

Make-A-Wish-SmallOk – if you haven’t gotten all your gifts by now, you really are officially a “last minute” shopper!  But if you are in that bind – here are a few local merchants that I ran across at a pop-up shop  where I was hawking my fine art photos.  The shop was a part of Tarrytown’s 3rd Friday and was generously hosted by Jenifer Ross of the Watercooler in Tarrytown.

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