Rye and Harrison Recent Sales
January 23rd, 2012
Are you curious about what has sold in your community lately?
Take a look at 3 months of local MLS recent sales in our area, as posted by William Raveis Real Estate, listed below by school district:
Happy New Year
January 2nd, 2012 |
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| Another greeting by Smilebox |
Weekly Mortgage Rates
December 5th, 2011| Mortgage Rates for NY | |||
| Product | Interest Rates | Annual Percentage Rate | Interest Rate Based on Index + Margin |
| 15 YR Fixed Conforming | 3.375% | 3.480% | |
| 15 YR Fixed Jumbo | 4.125% | 4.464% | |
| 30 YR Fixed Conforming | 4.000% | 4.064% | |
| 30 YR Fixed High Conforming | 4.250% | 4.514% | |
| 30 YR Fixed Jumbo | 4.750% | 5.035% | |
| 30 YR Fixed Super Jumbo | 5.000% | 5.294% | |
| 5/1 (30 Yr) ARM Conforming | 2.750% * | 3.180% | 3.250% |
| 5/1 (30 Yr) ARM Jumbo | 3.250% * | 3.312% | 3.250% |
| 5/1 (30 Yr) Portfolio ARM | 2.875% * | 3.216% | 3.250% |
Last Updated On: Friday, December 02, 2011
* Initial Interest Rate. The interest is fixed for the first five years and adjusts annually thereafter for the remainder of the loan term. The rate may increase after consummation. The Index for this product is the 1 Year LIBOR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan.The above rates may change or not be available at commitment or closing or may be subject to product restrictions. NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535
William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Should I List Now?
October 11th, 2011
A recent client of mine is undecided- should we list now or wait until spring?There are advantages and disadvantages to each: while most contracts tend to be signed in the spring as couples move to be set for the upcoming school year, I have always felt that traditionally the second busiest time in real
estate is October and early November.
estate is October and early November.
Advantages include:
- LESS INVENTORY to Compete With.
- Buyers are savvy online and will notice a well priced
house that comes on at almost any time of year, so if you price well with less
competition, you are bound to get noticed. - Our area looks GREAT at this time of year with the leaves changing and so much activity: School
Fairs, Halloween Window Painting, Walking Tours, Sports Events and more. I know
a couple who bought locally after attending the Rye Harrison Game with friends
from Rye- he turned to his wife and said, We HAVE to move here!”
*Graph Courtesy of Trulia.com.
The Value of Staging
October 11th, 2011
Original Living Room
In my experience, staging may not necessarily help your home sell for more money, but it WILL help your home SELL and it will help your home SELL FASTER. My recent clients, a young professional couple with a baby, were growing out of their one bedroom place. In order to differentiate it from the other units in the building, the owners enlisted Kathy Rath to come over and see what we could do to warm up the apartment on a budget. With some furniture rearranging, IKEA fabrics and pillows and some pieces from Target, this apartment was transformed!
Together with proper pricing, this home stood out from the rest, and sold relatively quickly to an all cash
- Staged Living Room
buyer. Feel free to contact me for more information on this topic and for recommendations.
“Stop Overpricing Your Home”- informative post from my co-worker Phylis Lerner
September 28th, 2011I met Phyllis Lerner as we sat together while earning our Certified Buyer Representative (CBR) designation at the WPAR board this past spring, shortly after her Legends Realty Group was purchased by William Raveis Real Estate.
Her recent post featured on the William Raveis Real Estate Blog about home pricing bears repeating, perhaps now more than ever:
Click here to read her post, Stop Overpricing Your Home.
*Photo courtesy of William Raveis Real Estate
Mortgage News!
September 22nd, 2011The following information just forwarded to me from our Executive Mortgage Banker, Michael Derosa. Rates are Low!
Wiliam Raveis Executive Mortgage Banker Michael Derosa
“Freddie Mac’s latest survey finds the average rate on 30-year, fixed-rate mortgages at 4.09%, the lowest level in more than 50 years and just this morning the yield on the 10 year T-bill hit it’s LOWEST LEVEL EVER AT 1.76%!!!!”
CLICK HERE to see today’s Rate Sheet! He will work 110% to make it happen for you!
Rye, Harrison and Rye Brook Recent Sales
September 21st, 2011The summer lull is ending and the onset of cooler weather is starting to bring out buyers looking at local properties, as we enter into our “second busiest” selling season. The spring is typically the busiest real estate season, but interestingly, it seems in the past year or so 
as if the most successful part of the spring selling season is starting earlier: late February or March (following bonus time?).
Nancy Everett, a highly respected agent and consistent Top Producer, suspected the same and compiled a list of all the single family sales in Rye City School District from $2,000,000- $4,000,000 in the past year for a client presentation.* A small sampling of approximately 30 homes, but it turns out that the majority of the sales went in to contract (pending) in March, and the second highest month for contracts to be signed was November- otherwise the pending dates were spread out fairly evenly throughout the year. So our suspicions were confirmed, at least in that price range and area. Although I would normally expect to see more homes coming on the market in the coming weeks, it has been relatively quiet the past couple of weeks, although there have been a couple of quick sales. Buyers are price driven and that will determine what sells and what doesn’t (along with condition and location, of course).
* From 9/1/10-8/31/11.Curious what has sold in our local area? Click below for the past three months of single family sales:
RYE CITY RECENT SALES
HARRISON/PURCHASE RECENT SALES
RYE BROOK RECENT SALES
Current N.Y. Mortgage Rates
September 10th, 2011| Mortgage Rates for NY | |||
| Product | Interest Rates | Annual Percentage Rate | Interest Rate Based on Index + Margin |
| 15 YR Fixed Conforming | 3.250% | 3.353% | |
| 15 YR Fixed Jumbo | 4.250% | 4.592% | |
| 30 YR Fixed Conforming | 3.875% | 3.938% | |
| 30 YR Fixed High Conforming | 4.125% | 4.386% | |
| 30 YR Fixed Jumbo | 4.875% | 5.166% | |
| 30 YR Fixed Super Jumbo | 5.125% | 5.428% | |
| 5/1 (30 Yr) ARM Conforming | 2.500% * | 3.002% | 3.125% |
| 5/1 (30 Yr) ARM Jumbo | 3.375% * | 3.242% | 3.125% |
| 5/1 (30 Yr) Portfolio ARM | 2.875% * | 3.077% | 3.125% |
Last Updated On: Friday, September 09, 2011
* Initial Interest Rate. The interest is fixed for the first five years and adjusts annually thereafter for the remainder of the loan term. The rate may increase after consummation. The Index for this product is the 1 Year LIBOR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan.The above rates may change or not be available at commitment or closing or may be subject to product restrictions. - NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535
William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)
All information provided is deemed reliable but is not guaranteed and should be independently verified.