When you live in Westchester NY, particularly in one of the river towns, you often find yourself bumping up against history. Westchester has a rich history and a home buyer is quite likely to find themselves looking at homes built in the 19th, 20th and 21st centuries.
As the market is changing from bear to bull, the builders are back and new developments are starting to spring up. So its time to talk once again about the surprisingly tricky issue of visiting new construction sites.
A real estate transaction is seldom a completely smooth ride. This has been particularly true since the financial crisis of 2008. From appraisal issues, to title issues, to unexpected glitches in the lending process, there can be quite a few obstacles between the signing of a contract and a closing. Agents handle many transactions. We've been down this road before and can anticipate the problems preventing many of them from asserting themselves.
Traditionally, it is thought that (real estate agents) fill out a few forms, stick a sign in the ground, throw a listing onto the MLS and disappear. Then we reappear magically at closing to collect a ginormous check.... If it were that simple, homes would fly off the shelf and listing agents as well as buyers agents would have disappeared (a long way back).
This massive improvement in infrastructure is an example of strong commitment that both the private and public sectors have for the river towns along the Hudson. This is part of what would be considered a healthy re-development that will benefit all who live in these towns.