You May Be Paying Too Much In Property Taxes
They are supposed to be based on current market values. When you buy a home in any of the Westchester County cities, towns and villages, the tax base resets at the value you paid, whether it is higher or lower than the previous owner's tax bill.
Sellers in Westchester County, NY, often think Spring or Fall is the best time for selling a home, however circumstances sometimes require homeowners to put their property on the market during the Winter. Read on for important tips to help you prepare your home
Verbal promises are not legally enforceable when it comes to the sale of real estate. So, before things go to far down the road, you need to enter into a written contract, which starts with your written proposal. This proposal specifies:
- All the terms and conditions of the purchase
For example, if the sellers said they'd help with $1,000 toward your closing costs, be sure that's included in your written offer and in the final completed contract, or you won't have grounds for collecting it later.
REALTORS® usually have a variety of standard forms (including Residential Purchase Agreements) that are kept up to date with the changing laws. When you use a REALTOR® these forms will be available to you. In addition, REALTORS® cover the questions that need to be answered during the process. In many states certain disclosure laws must be complied with by the seller, and the REALTOR® will ensure that this takes place.
Maximizing your home value should be top on any home owners list. It is usually much easier to keep things in tip-top shape versuse letting several items go and then having to play catch up and feel overwhelmed. Have a look at 3 simple items to help you on your way.
Great information for those searching for Westchester, NY Real Estate.
There are many questions.
- How do you set a price?
- What comps do you look at?
- How do you find a real estate agent to work with? (Or should you try selling by yourself?)
- How will you (and your agent) market your home?
- How do you sell your home on the Web?
- How much can you expect to make from the sale of your home?
- How do you negotiate with a buyer? What about the agent's commission?
And then the big question: Where are you going to move to and how will you coordinate your sale and your purchase (or move to a rental) at the same time?
With such a plethora of questions, it's easy to feel overwhelmed, but choosing a local Real Estate guides are designed to take you through the process step-by-step. With renowned experts in home sales and staging helping you discover new sources of value in your home-hidden in your kitchen, bath, and even your front yard. A good local Real Estate representative will give you helpful advice so you can can learn how to increase your house's curb appeal and get your house sold, no matter how up or down the housing market may be.
Sales volume increased 24 percent from a comparable period in 2012 for Westchester, Putnam, Rockland and Orange counties. The median sale price in the second quarter jumped 5.0 percent for Westchester homes, the highest second quarter median since 2008.
“We’re in the beginning stages of a sustained recovery,’’ said Phil Faranda, the vice president of the Hudson Gateway Multiple Listing Service. “Consumer confidence has returned. The framework for people returning to the market was due to pent up demand. It’s been a long time coming. People are going to live their lives and put down roots.”WESTCHESTER COUNTY, N.Y. – Monday’s second quarter residential sales report from the Hudson Gateway Association of Realtors indicates a sustained recovery is underway in Westchester and other counties targeted in the report, according to several real estate experts.
NAR’s national Housing Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power; recordkeeping began in 1970.
An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small down payments, the affordability levels are relatively lower.
For all of 2012, NAR projects the housing affordability index to be a record high 194, up from 186 in 2011, which was the previous record. November’s reading was 2.5 index points below October, but up 1.5 index points from a year earlier.