Westchester County NY Real Estate Source

Astor Lane Realty is your source for all things real estate in Westchester County NY!

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

I would invite you to educate yourself about real estate in Westchester County NY before buying or selling. We just happen to be the firm that prioritizes our client's education and comfort before anything!

You can also find out more helpful information on Westchester County Real Estate by following us on FACEBOOK, INSTAGRAM, and YOUTUBE

 

Aug. 30, 2023

Recent News Impacting U.S. Mortgage Interest Rates

U.S. Mortgage Rates soar to 7.23% - highest in 22 years - as of August 24, 2023

Here's my take on the potential effects of this rate increase:
1. Home Sales - this is the most obvious (and most strenuous) impact for the market as this adds additional pressure to the previous issue of available homes for sale.
2. Investor Behavior - real estate investors often factor in certain costs (acquisition, holding, financing, and disposition) when underwriting possible projects in the residential (and commercial) space. Higher costs, along with thinning margins, can lead to investors passing due to the viability of these projects.
3. Home Prices - this may not have the positive effect that most people think it will (at least not immediately) and most were waiting for.
Yes...sellers "may" have to adjust the asking price for a home (assuming they NEED to sell) to cater to the higher financing costs for buyers; however, the current supply and demand issue supersede everything at the moment, and it will take a lot longer for the downward pressure on pricing to happen (if at all...)
Westchester County NY Homes

 

Oct. 26, 2021

$100,000 over ask and you still lost the bidding war?

$100,000 over ask and you still lost the bidding war?!? Why isn't the seller accepting your offer? The issue becomes the appraisal of the subject property. The buyer's mortgage company will hire a third party appraiser to assess the value once they visit it in person. This helps them decide how much the property is worth in case they have to sell it in case of a foreclosure. In markets like the one we are experiencing today, this can cause a lot of issues when there is a huge difference between the agreed upon sales price and the appraised value. If you are put in a situation like this, then your realtor should be guiding you on all of your available options.  If they aren't guiding you the right way then what can happen is everyone moves on with the seller moving on to find another buyer and you (back at square one!) trying to find another home!

Comment below if you have any questions or if there are other real estate topics you would like to know more about!

CLICK HERE to schedule a phone call with a member of our team

Sept. 9, 2021

Struggling With Buying A Home in 2021?

Are you struggling with trying to buy a home in 2021? So is everyone! Here at Astor Lane Realty, we educate our buyers before they step foot in a home to ensure they are educated on the entire home buying process. With that said, here are 3 things that you need to make sure are happening to help get your offer accepted.

1) Your realtor is working with your mortgage professional to ensure you are fielding the best possible offer. Knowing how much you can afford and the appropriate loan program will help you compete with other buyers.

2) Your realtor has educated you on the buying process to ensure you understand everything from beginning to end? Just because you bought a house 5 years ago or in another state does not mean you have up to date info on how things operate in our area.

3) Your realtor is communicating with the listing agent to ensure your offers are aligning as much as possible with the seller's goals? Not all realtors will prioritize building rapport with the listing agent. This can often lead to missing out on information that can help you and the seller. If these things are NOT happening then you need to reassess your approach.

Leave a comment if you have any questions or if there are other real estate topics you want to know about.

Aug. 29, 2021

3 Remsen Road Unit# 2F Yonkers NY 10710

1 Bedroom Co-operative for sale in the private Remsen Gardens complex in Yonkers NY

This home is completely updated and has tons of natural light. The stylish kitchen goes well with the hardwood floors and modern bath that complete this spacious unit. Close to all shops, restaurant and transportation along Central Ave.

Living Room

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

July 29, 2021

Help Our Veterans, Homeowners!

Best Way Homeowners Can Help Veterans

 

In a market where there is so much competition, there is one group of homeowners that are finding it even more difficult to purchase a home in the Hudson Valley, NY. Parts of the region like Westchester County NY, Rockland County NY, Putnam County NY, and Dutchess County NY are seeing significant increases in demand for home buyers looking to move up north from New York City. The pandemic has caused a spike in demand for extra space and, more importantly, outdoor space to assist those that are home a majority of the time due to remote situations.  This has caused a supply issue since demand increases daily. The byproduct of a massive buyer pool means those that are using VA and FHA financing are losing out in multiple offer situations due to being at the bottom of the hierarchy. The graphic below (obtained from MY KCM Page) displays the small percentage of homes that are being sold where buyers are using VA loans.

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans | MyKCM

As a homeowner fielding multiple offers, you owe it to yourself to ensure you are educated on all the different types of loan programs that are available to buyers. This way, you will feel good knowing you are not relying solely on your local real estate agent to advise you which offer is best.

 

 

Posted in Buyers, Sellers
June 28, 2021

506 Park Ave Yonkers NY 10703

Meticulously Maintained Home For Sale in Northwest Yonkers NY

This home has it all! Manicured lawn on a corner lot, this house has an updated upper level spa like master suite with walk in closets!

Explore every space of this cozy home with our comprehensive 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

 

April 19, 2021

2 Hoover Road Yonkers NY 10710

Meticulously Maintained Ranch For Sale in Yonkers NY

This 3 bedroom, 2 bath ranch has it all! Level manicured lawn on a corner lot, this house has been updated with exquisite finishes from top to bottom.

Explore every space of this cozy home with our comprehensive 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

 

March 11, 2021

Thinking Of Buying Or Selling A Home For Spring 2021?

Start Here!

 

If you are thinking of buying or selling a home in the Spring of 2021 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

Feb. 23, 2021

11 Maywood Ave Rye Brook NY 10573

Recently Renovated Cape For Sale in Rye Brook NY

 

Location, Location, Location! This 3 bedroom, 2 bath home is move in ready! The updates in this property was made to satisfy the most discerning buyer. Renovated from top to bottom with hardwood floors, two modern baths, and a stylish kitchen complete with white shaker cabinets, stainless steel appliances, and quartz countertops.  

 

Explore every space of this cozy home with our comprehensive 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

 

Feb. 9, 2021

235 Betts Ave Bronx NY 10473

Young Two Family Home For Sale in Clason Point Section of Bronx NY

This is your solution if you are looking to "househack”!  One of the great things about this home is the fact that it was built in 2003. Being as young as it is, the home is now looking for its lucky second owner. (2) 3 BR, 1 BA units make this the perfect home for someone looking to move into one unit and rent out the other. This home has also been outfitted with modern use Baxi Combo boilers for heat and hot water for each unit separately making heat and hot water output efficient and immediate.

First Floor and Basement

Upper Level Unit

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