Westchester County NY REsource

Welcome to the number one real estate source for Westchester County NY!

Yes...those capital letters in resource is not a mistake.

RE equals real estate =)

It is no secret that my love for this area stems from growing up here during my early childhood. However, what I find even more amazing is how the Westchester County real estate market has grown within the past two years. Being in the thick of all these transactions has been fun but I am a “numbers guy”.

Although I hated statistics in college, I love studying real estate and analyzing even the basic statistics. It really sheds light on what has been going on lately. I guess my professor was right … NUMBERS DON’T LIE! 

Nonetheless, Westchester County NY real estate is unlike any other market. We have the highest property taxes in the country and the bubble that burst in the past decade did not hit us as hard as other states and markets.

If you would like to learn more about real estate in Westchester County NY or anywhere, then feel free to reach out by phone or email. I can tell you that, unlike most, I do not find this boring.

You can also find out more local information by following us on FACEBOOK, INSTAGRAM, and YOUTUBE

Check out the latest market housing report as provided by our local MLS board - Hudson Gateway Multiple Listing Service - for Westchester County

 

 

 

 

Nov. 5, 2020

15 Maplewood Blvd Suffern NY 10901

Looking for a move in ready home in Suffern NY? 15 Maplewood Blvd is an updated 3BR split level that will not disappoint! The flow that runs across the living area and kitchen is filled with gleaming hardwood floors and tons of natural light. Walk through every inch of this home with our comprehensive, virtual tour below..but first....

MEET THE HOMEOWNER:

 

VIRTUAL TOUR BELOW:

CLICK HERE to learn more about this home, or if you are interested in a private viewing, all you need to do is click the link below to schedule a brief call with our office:

CLICK HERE TO SCHEDULE

 

Oct. 27, 2020

Thinking Of Buying Or Selling A Home For Fall 2020?

Start Here!

 

If you are thinking of buying or selling a home in the Fall of 2020 and are unsure of the real estate market, then we can help! Our free guides can provide some valuable information to get you started on the road to educating yourself on what it is like to buy or sell in today's real estate climate.

CLICK HERE TO DOWNLOAD OUR FREE GUIDE FOR SELLERS

CLICK HERE TO DOWNLOAD OUR FREE GUIDE FOR BUYERS

Oct. 19, 2020

Selling in Westchester County During Coronavirus

6 Things You Should Know About Buying and Selling in [market_city] During Coronavirus

To say that these are uncertain times is an understatement and you may be hesitant when considering entering the real estate market. We are living through a unique event in history and it’s understandable if you’re a bit apprehensive about what lies ahead during this time in the real estate market whether you are buying or selling real estate. If you’re feeling a bit lost about how to proceed, you’ll find the following 6 things everyone should know about buying and selling in Westchester County NY during coronavirus.

Timing

One thing you should know about buying and selling in Westchester County NY during coronavirus and the uncertainty in the economic outlook is that those that have the option to delay a move are doing so for at least a few months. This means that, while not necessarily true, there is a perception that the seller must be under certain economic or legal pressures and needs to sell. This has the potential of driving negotiations towards an overall lower final purchase price. Conversely, you should know that some buyers and sellers need to make their move quickly in Westchester County during coronavirus. This could be due to changes in employment, downsizing, move up home or personal issues such as caring for a family member in another location.

Financing

Home sales made a noticeable jump in July, as buyers are spending more time at home due to COVID-19, they are searching for more comfortable suburban surroundings. Due to changes in the economy brought on by these circumstances, credit has been affected negatively across economic classes of the entire market. This means that less of the population will meet the standards that are required by most traditional lenders. For this reason, it’s important that you know about alternative financing options when you are either buying or selling in Westchester County NY during coronavirus. Being open to creative financing on the part of both parties will widen the potential of finding the right buyer.

Safety

Another thing you should be aware of buying and selling in Westchester County during coronavirus is how to keep safe during the process. It's scary to think that someone walking through your home could endanger you and your family members. Discuss with your local real estate agent what can be done to prevent bringing someone showing signs of illness through your living space. You can prevent unnecessary contamination of common household surfaces during showings by requesting that your agent be the only person who touches any surface. Likewise, you can ask that all present wear protective gear. you’ll also need to ensure that you can rely on them to wipe down or spray any surface they or their client may have inadvertently touched.

Empty Is "KING!"

You should know there is value in the fact that a home has been sitting empty for those selling in Westchester County NY during coronavirus. Having a quarantine period of at least two weeks alleviates concerns about disinfecting every nook and cranny of a home after a showing for a seller or before moving in if you are the buyer. 

Limits

Something else you should know about buying and selling in Westchester County during coronavirus.  Many sellers are requesting that only their listing agent show the home. Another way to keep a low number of people inside your home is to ask that only two people per showing be allowed. While often the buyer’s agent is not in favor of this arrangement, special allowances may be made at this time. 

Technology

Given the technology of today, you’ll also want to be aware of everything possible about potential buyers when selling in Westchester County NY. For those who are tech-savvy and want to go at it on their own, while it may look easy, you’ll want to be certain that you keep within all of the local, state, and federal laws that govern real estate transactions. It is difficult but you will need to investigate just who you’re accepting an offer from. Likewise, you’ll need to go into the process open to the possibility of online scams. Before finalizing anything by signing on the dotted line, you’ll want to meet face to face with the principals in your deal and do very careful research of county records to ensure you’re actually dealing with the owner of the property in question.

Let Astor Lane Realty help you quickly and safely through the process without all of the headaches and concerns. Whether you’re buying or selling in Westchester County during coronavirus, we are here to answer all of your questions and help you every step of the way! Send us a message or call Astor Lane Realty at 914.341.2998 today!

Oct. 5, 2020

2 Lockwood Ave Unit#2A Bronxville NY 10708

Looking for an updated coop in the Chester Heights area of Eastchester? This 2BR unit has all the modern updates today's buyer is looking for in a home. Awaiting you are refinished hardwood floors and a sleek kitchen that will make cooking at home extremely desirable. Walk through this home with our comprehensive virtual tour and take a look for yourself.

 

VIRTUAL TOUR BELOW:

To learn more about this unit, or if you are interested in a private viewing, all you need to do is click the link below to schedule a brief call with our office:

CLICK HERE TO SCHEDULE

 

Sept. 15, 2020

How To Label and Organize Your Moving Boxes When Buying or Selling in Westchester County, NY

How To Label and Organize Your Moving Boxes When Buying or Selling in [market_city]

Whether you are buying or selling, there is a move in your future and things are going to get hectic. While there are a few common-sense tips for making a move a little easier, such as using sturdy, clean moving boxes and packing lighter objects in larger boxes and heavier items in small boxes, organization is the key to success. One of the best ways to lessen moving day chaos is knowing how to label and organize your moving boxes when buying or selling in Westchester County, NY

Moving Binder

The last thing you need on moving day is to be searching for a list or anything else you need to help get through the process of packing the moving truck. Using a binder to control the stress level is a great way to organize your moving boxes when buying or selling in Westchester. You can keep important papers, lists, and labels here until it is time to start packing. You may want to grab a clear pencil pouch for the binder to keep any small items of importance during the move together as well.

Labels

Knowing how to use the power of labels when buying or selling in Westchester County, NY will be of enormous help when it is time to organize your moving boxes. Labels can be hole punched as close to the outer edge as possible, in order to put them into your moving binder in preparation for moving day. Be sure not to put labels on anything other than boxes, unless you are sure it is easily removable. For furniture or larger belongings, you will want to tie on labels or easy-peel labels to save precious finishes. It also would not be a bad idea to place labels on more than one side of the box, in order to quickly locate information during the rush of unloading the moving truck or unpacking.

Supply Kit

You will want to keep a large, preferably clear container that will fit your moving binder along with any supplies you will need for packing and moving. This will make the job of labeling and organizing your moving boxes much more efficient when buying or selling in Westchester. 

Fragile stickers that are red can be added to boxes that require a more gentle touch. You may also wish to use color-coded stickers for every box from one particular room. you will want to have markers, packing tape, and material to fill in open spaces and to wrap any fragile items. Consider using environmentally friendly options for this purpose, such as biodegradable peanuts. 

Box Index

Creating a box index that coordinates with the labels is another helpful way to organize your moving boxes when buying or selling in Westchester County. While it may sound like an overwhelming task to write down the contents of each box, you will thank yourself for the effort. Trying to remember what box you have already packed something away in can be nearly impossible sometimes. Once you get started, you’ll see that the job of jotting everything down actually goes quite quickly.

Open Me First

Keep in mind that the order of loading the boxes is important when you organize your moving boxes when buying or selling in Westchester County, NY. you will want to have special labels to denote the boxes which are of “open me first” status” and be sure these are the last boxes loaded. you will want to keep in mind what you may be in need of on your first night in your new home, in addition to the clothing and personal sundries you’ll want to have on hand. You’ll want your bedding, towels, and bathing supplies. Remember some food for staving off hunger and especially your coffee for the first morning. 

Don’t Delay

While it is advisable to begin packing as early as possible, allow yourself 2 – 3 weeks, if possible to label and organize your moving boxes when buying or selling in Westchester, NY. There is a formula that you can use to estimate the size and number of boxes that you will likely need to successfully pack your home. This will also help in making proper arrangements for the size of the moving truck used in transporting your belongings.  Whatever your plan of attack, you will want to set a goal of completing the night before the move with your “open me first” boxes. You could decide to finish room by room, with a certain date in mind for each room. Otherwise, you could have a goal of a certain number of boxes per day, until you have completed your task.

Astor Lane Realty can provide you with even more hints and tips on how to label and organize your moving boxes when buying or selling in the Hudson Valley. To learn more about how we can help you, Call or Text Us and we will answer all of your questions! 

Posted in Buyers, Sellers
May 26, 2020

19 William St Unit#1C Mount Vernon NY 10552

Looking for an updated coop in the heart of Fleetwood? This 2BR unit has tons of character! Awaiting you are original hardwood floors and high ceilings to complement the architectural detail that flows through this home. The modern kitchen will make it easy to enjoy cooking every night complete with stainless appliances and modern finishes.  Walk through every inch of this home with our comprehensive, vigorous virtual tour right now and you will notice the plethora of natural light.

 

VIRTUAL TOUR BELOW:

To learn more about this unit, or if you are interested in a private viewing, all you need to do is click the link below to schedule a brief call with our office:

CLICK HERE TO SCHEDULE

 

April 14, 2020

6 Fort Hill Lane in Scarsdale NY 10583

Looking for an updated home in the Edgemont school district of Scarsdale NY? This updated 4BR, 3.5BA ranch has an open concept that is unrivaled! The flow that runs across the living area and kitchen is filled with gleaming hardwood floors and tons of natural light. Walk through every inch of this home with our comprehensive, vigorous virtual tour right now!

 

VIRTUAL TOUR BELOW:

To learn more about this home, or if you are interested in a private viewing, all you need to do is click the link below to schedule a brief call with our office:

CLICK HERE TO SCHEDULE

 

March 2, 2020

2020 Housing Market

 

2020 Housing Market

 

As you can see, although the Coronavirus scare is driving down the stock market, housing still has a strong outlook for this year.

Due to advantageous interest rates AND price appreciation starting to normalize, the real estate market, especially in Westchester County, is projected to have a great year!

Interest rates are lower by almost 1% over last year!!! This equates to an estimated $250 per month savings on a mortgage of about $400,000.

 

 

Dec. 27, 2019

Selling Your Home During The Holidays

 

 

Most people think selling during the holidays is pointless. Is it really?

Here are a couple of things to consider:

 

1) Demand is strong! - Interest rates are still extremely low which makes it perfect for someone looking to buy NOW rather than later. There are many buyers looking to buy now so they can reap future equity as soon as possible.

2) Less competition! - There are many home owners looking to wait until the spring market to list their home. If you live in a desirable neighborhood, then you can end up being the only available home in the area. Depending on the buyer's situation, they may not want to wait until then and look to move on your home immediately. That can lead to a higher selling price with multiple buyers bidding on your home.

3) Buyers searching for homes this time of year are usually MOTIVATED! - They understand that inventory is low, and they want to get ahead of the spring competition. Furthermore, they may have so much fatigue from losing out on the past spring market season that they feel motivated to move on something now.

If you are thinking about selling your Westchester County home, then please feel free to reach out to our office.We pride ourselves on educating homeowners on what their property may be worth in today's market.

 

June 28, 2017

The Importance of Home Equity in Retirement Planning

The Importance of Home Equity in Retirement Planning | Simplifying The Market

The Importance of Home Equity in Retirement Planning

Thursday June 22nd, 2017 For Buyers, For Sellers

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement planning.

Craig Copeland, Senior Research Associate at EBRI, recently authored a report, Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth, in which he reveals:

“Individual account retirement plan assets, plus home equity, represent almost all of what families have to use for retirement expenses outside of Social Security and traditional pensions. Those families without individual account assets typically have very low overall assets, so they have almost nothing to draw from for retirement expenses.”

The report echoed the findings of a working paper, Home Equity Patterns among Older American Households, authored by Barbara Butrica and Stipica Mudrazija of Urban Institute. Fannie Mae highlighted these findings for their blog The Home Story this past winter, quoting Butrica and Mudrazija:

 “For most adults near traditional retirement age, a home is their most valuable asset — dwarfing retirement accounts, other financial assets, and other nonfinancial assets. Although relatively few retirees tap into their home equity, having it provides financial security… In fact, many retirement security experts argue that the conventional three-legged stool of retirement resources — Social Security, pensions, and savings — is incomplete because it ignores the home.”

USAToday interviewed two area experts to comment on the EBRI report. Randy Bruns, a private wealth adviser with HighPoint Planning Partners, agreed with the findings:

“Social Security and home equity are major pieces of the retirement puzzle.”

Wade Pfau, Professor of Retirement Income at The American College of Financial Services and author of Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement, said having the equity without a plan to use it won’t help:

“Home equity is a very important asset for American retirees, and so it is important to think about how to make best use of home equity in retirement planning.”

Bottom Line

Whether you use the equity in your home through a reverse mortgage or by selling and downsizing to a less expensive home, it should be a crucial piece of your retirement planning.

 

Stephen Zondorak

Licensed Real Estate Broker

Astor Lane Realty

914-341-2998