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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:

  • Price
  • 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.

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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.


white_plains_home_1.jpgWESTCHESTER 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.

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.


With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of REALTORS®.

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.
WESTCHESTER COUNTY, N.Y. – The Westchester real estate market is improving, and its momentum might have some staying power, according to Westchester County’s Hudson Gateway Multiple Listing Service, which just released its second quarter analysis for 2012.

Realtors reported 1,788 closed residential sales in Westchester County during the second quarter, which is an increase of 13.0 percent over the same period last year.
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Mortgage News Daily

  • MBS RECAP: Fed Minutes or Same Old Trend. Either Way, Bonds Didn't Like It

    Posted To: MBS Commentary

    The Fed released the minutes from its late January meeting today. Markets thought about them for 20 minutes and then tanked. What's up with that?! Looking at rate volatility as a factor of Fed policy can be tricky business. On the one hand, it would be easy to argue that the Fed has more power than anything else to affect the trajectory of interest rates. On the other hand, it could easily be argued that the Fed is merely responding to prevailing economic and financial conditions to the best of its ability and that appearance of the Fed's outsized impact on rates has more to do with a mismatch between the market's expectations and the Fed's thinking. With all of the above in mind, the meeting minutes provide market participants with a much clearer look inside the Fed's collective...(read more)

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  • Mortgage Rates Hit New 4-Year Highs

    Posted To: Mortgage Rate Watch

    Mortgage rates continued higher today following the release of the Minutes from the Federal Reserve's (aka "The Fed") most recent policy meeting. The Fed was slightly more upbeat than markets expected, saying that most members agreed that a stronger economy increased the likelihood of further rate hikes. Although the Fed Funds Rate doesn't directly dictate mortgage rates, there is plenty of long-term correlation. Because the Fed only meets 8 times a year to adjust rates (and rarely adjusts rates on all 8 occasions), bond markets (which include mortgage rates) are constantly adjusting to what the Fed will probably do in the future. Of course, it could be argued that both the Fed AND financial markets are simply adjusting to the state of the economy, inflation, etc., but that's more of a philosophical...(read more)

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  • Existing Home Sales Decline, Inventory Still a Big Issue

    Posted To: MND NewsWire

    Sales of existing homes fell again in January, the second consecutive month-over-month decline. Sales of pre-owned single-family homes, townhomes, condos, and cooperative apartments were down 3.2 percent compared to December, and the seasonally adjusted annual sales in December, already estimated at a 3.6 percent decline, were revised down even further. The National Association of Realtors® (NAR) said existing homes sold during the month at a seasonally adjusted rate of 5.38 million, representing a year-over-year decline of 4.8 percent. It was the slowest sales pace since last September and the largest annual loss since a 5.5 percent decline in August 2014. December sales were revised down from 5.570 million to 5.56 million. The months sales results were broad-based. All four U.S. regions...(read more)

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  • MBS Day Ahead: Markets Expecting a Challenging Auction and Hawkish Fed Minutes

    Posted To: MBS Commentary

    Today's key events arrive in the afternoon in the form of a 5yr Treasury auction at 1pm and the release of the FOMC Minutes at 2pm. Not to be confused with the Fed Policy Announcement, the Minutes simply provide a more detailed account of the meeting 3 weeks prior that culminated in the most recent policy announcement (in this case, Jan 31st). Because that was a meeting with no rate hike, these meeting minutes are seen as a prime opportunity to foreshadow a hike in the March meeting. Even though the Fed Funds Rate doesn't move in lock-step with longer-term yields, it's important to know that the entirety of the yield curve moves up in anticipation of an eventual peak in the Fed Funds rate. As can be seen in today's chart, sometimes 2yr and 10yr yields follow the rise in Fed...(read more)

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  • Flagstar's Expansion; News Regarding Freddie and Fannie

    Posted To: Pipeline Press

    Why couldn’t the sesame seed leave the gambling casino? Because he was on a roll. In an admittedly weak segue, rolls are made in kitchens, and LOs may want to pass this link along to their Realtor clients: here are the top trends this year in kitchens. top trends this year in kitchens . Some of them are pretty interesting. Also of interest is the National Association of Mortgage Brokers (NAMB), an association that represents the interests of individual mortgage loan originators and small to mid-size mortgage businesses, seeking to ban trigger leads . News From the GSEs, Lenders Reacting to Freddie and Fannie Changes Of great interest yesterday for lenders was news that the Supreme Court declined to hear an appeal challenging the profits the government receives from housing giants Fannie...(read more)

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  • Mortgage Apps Finally Feeling Effects of Higher Rates

    Posted To: MND NewsWire

    Mortgage application volumes suffered their worst losses of 2018 last week. The Mortgage Bankers Association (MBA) said both purchase mortgages and applications for refinancing were down significantly during the week ended February 16 compared to the prior week. MBA's Market Composite Index, a measure of application volume, was fell by 6.6 percent on a seasonally adjusted basis from the week ended February 9. It was the largest one-week decline since mid-September. The unadjusted composite was 3 percent lower. The Refinance Index lost 7 percent from a week earlier and the share of applications for refinancing declined to 44.4 percent, more than 2 percentage points below the prior week and the smallest portion since last July. The seasonally adjusted Purchase Index fared only slightly better...(read more)

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  • MBS RECAP: Unofficial 4th Day of Weekend Leaves Bonds Slightly Weaker

    Posted To: MBS Commentary

    Today was a total dud in terms of volume and volatility. That's not all that uncommon on the Tuesday following a 3-day weekend, especially if there are no major events or headlines. Overnight bond market movement was dictated by an ongoing trend set into motion late last Friday when bonds found the limit of their near-term bullish potential. In other words, bonds rallied rather nicely into the late morning hours as short-sellers covered those short positions. From that point on, volumes decreased and there wasn't enough organic buying demand to maintain the relatively lower yields. European bond markets led another move toward higher yields when they opened at 2:30am ET, but those proved to be the highest yields of the session. EU and US bonds rallied fairly steadily until the 9:30AM...(read more)

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  • Mortgage Rates Unable to Extend Last Week's Gains

    Posted To: Mortgage Rate Watch

    Mortgage rates moved back up today after ending last week on a positive note. Improvements in rates have been uncommon so far in 2018. In fact, we haven't seen more than 2 consecutive days without a move higher. In that sense, today keeps the prevailing trend intact. If there's a saving grace, it's that rates didn't quite rise back above last week's highs. If there's a downside (whatever the opposite of a "saving grace" might be...), it's that rates remain in line with the highest levels in more than 4 years. While we COULD see some relief at some point, there's no telling if that would be a legitimate attempt at a ceiling or merely be a temporary correction before another move higher. Either way, betting on the emergence of a ceiling (via floating one's loan as opposed to locking) hasn't been...(read more)

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  • MBS Week Ahead: Positions Part 2: Making Better Sense of Early 2018

    Posted To: MBS Commentary

    Last Friday's Day Ahead was all about positions. Read it HERE , if you haven't done so or need a refresher. It advocated caution with respect to floating or otherwise being optimistic based on early gains because those early gains were likely a product of short-covering. Rampant short-covering is only a concern when short positions are uncommonly abundant. In turn, that sort of abundance is uncommon. It relies on a sea-change in some critical component of the market such as Fed policy, labor markets, fiscal policy, or inflation . That's where things might get frustrating this year--because how much have any of those factors really changed? Let's break them down: 1. Fed policy. No major change. We expected a more aggressive Fed hike path in late 2017 and nothing in early 2018...(read more)

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  • New Products, Expansion; Legal and Political Updates

    Posted To: Pipeline Press

    Welcome to Day 1 of the longest period in the United States without a federal holiday: President's Day to Memorial Day. Some will think, “That’s a drag,” while others will think, “That’s more days to fund loans!” Speaking of fundings, the precise HMDA information for 2017 won’t be out until September. But if you want a solid estimates for single family originations in 2017, Marina Walsh, VP of Industry Analysis with the MBA, points out tha its website is a good place for information on units and dollar volume, and thoughts about 2018. Legal and Political Updates There have been developments in repurchase/make-whole litigation. Although the number of repurchase suits appears to have been slowing down, James Brody, Chair of the Mortgage Banking Group...(read more)

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Residential Real Estate Sales

Westchester County, NY

 
Westchester Top 5 Real Estate

2009-2010 Top 5

Top Real Estate Agent Award

Westchester Magazine Top Realtor

2010-2011 Westchester Top Realtor

Westchester Magazine Top Realtor Award

For more information about fair housing practices, please visit the HUD website.


Bonnie Koff  |  Licensed Associate Real Estate Broker  |  William Raveis Legends Realty Group  | Tarrytown Office 
914-332-6300  |  37 Main Street, Tarrytown, New York 10591  |  Email