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I am a Tarrytown, NY expert in apartment and home real estate transactions. I know this area like the back of my hand. Please let me know how I can assist you.

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6 Tips When Purchasing An Apartment in Tarrytown, NY

Buying your apartment in Tarrytown, NY is a unique experience. Each location usually has special considerations. Have a look at my 6 important tips to buying in Tarrytown, NY.

#1. Where To Live

Most important is, where you will want to live. What part of the village best fits your lifestyle? How far do you want to commute to work? Is shopping nearby? must it be a walking town, what should you put on your wish list? Are you a hiker or cyclist? Do you need recreation space? Be specific!

#2. Meet With A Loan Officer

Meet with a loan officer or financial advisor to determine your affordibility. You will need to be pre-qualified for a mortgate. You will be asked about your income and debts. Have that information available upon your first visit. figure out what will happen after your apartment purchase. You never want to be house poor. Do you plan to have children in the not-so-distant future? A mortgage person or financial planner will advise you on how much you can afford to spend now, but he won't know what is going to happen to your life in the future. If you can pay less for your first apartment than you can afford, you'll have money left over for your savings.

#3. Interview Real Estate Agents

You will want to find a real estate agent. One who is familiar with the market. They should negotiate for you in order to get the best possible price for the apartment and will complete the stacks of paperwork involved with the purchase. Make sure you look for an agent who will represent you as the buyer, and not the listing agent, you met at an open house, whose fiduciary responsibility is to the SELLER. Remember, it is always the seller who pays the commission to both agents, therefore, it is most important to work with a buyer's agent.

#4. Think About Your Offer

Your realtor will write an offer on your behalf once you've found a property you're interested in purchasing. She can help you determine a fair opening bid and remind you of any extra amenities that you may ask to have included. Your agent will discuss whether you need to include any contingencies, making your offer dependent upon securing an acceptable mortgage asa well as a home inspection. After it is complete your offer will be sent to the seller's agent, or to the homeowner if he is working without an agent, ask to be kept informed about any negotiations.

#5. Consider All Costs Involved

Be sure to ask what the actual cost is to buy your apartment. Often 1st time home buyers are aghast to learn that their initial purchase is going to involve more than the down payment. Ask your loan originator to prepare a "good faith" estimate which will include all fees pertaining to the purchase. Inspection, loan-origination, up-front points, application fees, title search and title insurance, homeowner's insurance, recording fees, appraisal fees and attorney's fees. These fees can add 3 to 8 percent to the final purchase price.

#6. Find Out About Ongoing Costs

Ask to see copies of the previous homeowner's utility bills, property taxes, repair bills, insurance and bills for services such as trash disposal. Ask about the cost of any home association fees you may have to pay. Don't forget to figure these expenses into your monthly budget.

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    By today, it became clear that bonds were fully locked into a sideways consolidation in a range defined by the highs seen on Wed/Thu and the lows marked by the 3.06% technical levels. Of the past 3 sideways days, today was the least volatile and most lenders saw fit to offer just slightly stronger rate sheets despite 'unchanged' levels in bond markets. Consolidations like this can happen simply because markets are catching their breath after a strong move or because they're settling down ahead of the next event that might cause a strong move. If we're dealing with the latter, the event in question is likely to be Wednesday's Fed events (announcement, press conference and updated rate hike outlook). Of those three, it's the(t "dots" he dot plot that conveys...(read more)

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  • Best Day of a Rotten Week For Mortgage Rates

    Posted To: Mortgage Rate Watch

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    Posted To: MND NewsWire

    Even as flood water continue to sit in living rooms and kitchens across a large swath of North Carolina it is clear that most of those homes are not insured against the damage. Mary Williams Walsh, writing in the New York Times, says that in North Carolina and South Carolina, which suffered less widespread damage, only about 335,000 homes in total have flood insurance. The Urban Institute (UI) reports that the number of policies homeowners purchased through the National Flood Insurance Program (NIP) has declined over the last ten years and the total is now just over 5 million nationwide. There are also some private insurance policies, but nowhere near enough to cover the affected homes. Sarah Strochak, Jun Zhu, and Laurie Goodman used data from the Census Bureau's 2017 American Housing Survey...(read more)

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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