Tag Archives: Westchester NY Homes

Westchester NY Homes

NAR’s health insurance marketplace is worth a look | Katonah Realtor

Starting in January 2014, I will be getting my health insurance through an exchange.

For months, Minnesota’s health insurance exchange posted outrageously high sample rates on its site. I kept trying to look away, but could not. I’ve been carrying this fear in the pit of my stomach, because I know what it is like to spend more on health insurance each month than on housing.

It seems like the news media and politicians have done everything they can to keep me worried about the arrival of “Obamacare.”I have listened to scary news stories for months about how bad Obamacare is going to be for everyone. The state exchange has not helped alleviate those fears, publishing super-high and inaccurate sample numbers on the MNsure.org website.

Friends who work for insurance companies assured me that my current, somewhat affordable health insurance plan — which carries a large deductible and provides little actual health care — would go away at the end of the year, and be replaced with a much more expensive plan next year.

 

read more…

 

http://www.inman.com/2013/09/26/nars-health-insurance-marketplace-is-worth-a-look/#sthash.zh7Bqe0N.dpuf

Three Cents Worth: Manhattan Unit Sizes No Small Change | Waccabuc Real Estate

3CW9-17-13.jpg

After last week’s rental market report release, I thought I’d take a look at the average size of a sale and a rental over the past 20 years. Sales (blue line) represent co-ops and condos that closed during each period.  Rentals (pink line) represent rentals that closed during each period.

The chart shows continued decline in the average size of rentals over the period with a weird blip around the collapse of Lehman.  The sales market showed less variation.  While size fell over the first decade, likely as sharply rising prices pushed shift towards smaller unit sales, the trend began to rise again as the market peaked in 2007-08.

With the micro-unit phenomenon seemingly gaining traction (anecdotally), I’m not sure we’ll see the average size of rental units grow in the near future despite the strength of the current luxury rental market. · Matrix [matrix.millersamuel.com] · Three Cents Worth archive [Curbed]

 

 

 

http://ny.curbed.com/archives/2013/09/17/three_cents_worth_manhattan_unit_sizes_no_small_change.php

 

 

 

 

JPMorgan CEO meets with US Attorney General | Bedford Real Estate

Whether the settlement hits $11 billion or not, talks are in the works to bring something into fruition to resolve the government’s lingering mortgage securities issues with JPMorgan Chase (JPM). The bank’s CEO Jamie Dimon arrived at the Justice Department Thursday as talks of a settlement intensified. Per The Wall Street Journal:

Mr. Dimon arrived at the Justice Department building around 9:20 a.m. to meet with Attorney General Eric Holder from Phoenix Law Firm, according to a person familiar with the meeting. Mr. Dimon and Mr. Holder are meeting face-to-face to discuss terms of a potential deal, according this person. Like all visitors to the building, Mr. Dimon showed identification to the guards—in his case a New York State driver’s license—and proceeded inside.

                    Source: WSJ

Play Tricks With Color in Your All-White Room | Bedford Corners Real Estate

ith so many colorful options for materials and paint these days, all-white spaces can feel stark and sterile for some of us. But there’s an easy compromise for color lovers who still appreciate the crisp feeling of white: Add a splash of color. Sticking to one consistent, bold color in white rooms creates a statement that can’t be missed. From master bedrooms to kitchens, all-white rooms make the perfect canvases for a pop of originality.

eclectic living room by Tara Seawright

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Accent with your favorite color. You’ve taken a bold leap into all-white decor, painting the walls, floor and furniture white. But don’t stop there. Add a few splashes of your favorite color around the room, and watch your space come alive. Try to spread out your accents: The more spots of color you use, the more the eye will wander around the room.
modern bedroom by Neslihan Pekcan/Pebbledesign

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Focus on wall art. Stark white walls, sheer white fabrics and sleek white furniture make this space feel like a luxury hotel room, but it’s the picture on the wall that immediately catches your attention.
Take a risk and hang a favorite, colorful piece of art on a single wall in your all-white room. Hunt for something big and bold at your local galleries and studio tours, online art vendors, antique shops and even thrift stores.
rustic bedroom by Jill Sorensen

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Paint your furniture. Painting furniture is an easy and affordable way to instantly update a room. This room glows in all white, but the punchy turquoise dresser adds cheer to the serene space.
Experiment with something affordable, like a funky piece you found at a local garage sale. A gallon of colorful paint and some new hardware is all you need to create an instant conversation piece.
Diary of a dresser makeover
eclectic dining room by Jeanette Lunde

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Embrace natural finishes. The painted furniture look doesn’t suit all of us — especially if you want to preserve your antique or inherited furniture. Simply let your furniture’s natural wood finish stand out on its own; the warm hue works just like a splash of bold color. Here, this beautiful corner cabinet steals the show, anchoring the room with its natural cherry finish.
traditional kitchen by Cheryl Scrymgeour Designs

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Play with fabric. I love the look of white kitchens, but sometimes they can feel too plain and devoid of personality. It’s easy to add style without switching out any major materials. This kitchen does a great job of playing with blues in the soft window treatment, upholstered barstools and counter accents for a cohesive look.
modern kitchen by Tara Seawright

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Paint your ceiling. Can’t figure out where to put a splash of color in your all-white room? Look up! Paint your ceiling for a fresh, new look.
This vibrant canary yellow ceiling makes the entire room come alive. This paint application would work with just about any hue, but be careful when you choose your sheen. A glossy finish may reflect light around the room too much; a matte or eggshell finish may work better.
modern dining room by Polly

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Highlight staple furniture pieces. Matching white chairs would’ve made this all-white room look too washed out. I love how this homeowner took a different approach and selected bold chairs that instantly set this design apart. If you’re ready to embrace this style, using a bright red hue like this will turn your white space into an instant showstopper.

Southampton Shingle Style Oceanfront for $45.5M | Chappaqua Real Estate

Buyers looking for $40+M oceanfront in Southampton are spoiled for choice this week! This property is 4.5 acres with 500 feet of beachfront, which compares favorably with the neighboring Gin Lane lots offered earlier this week. There’s also private frontage on Wickapogue Pond. The house was designed by Francis Fleetwood and is about 6700sf, with terraces and water views aplenty. It’s decorated too fussily for our tastes, but is still lovely, with seven bedrooms and nine baths and an elevator. There’s also a six-car garage, pool with water views to the ocean and pond, and sunken tennis court. · Southampton Village [Elliman]

Your relationships with inspectors don’t have to be scandalous | North Salem Real Estate

In a recent Broker Notebook column, Inman News columnist Teresa Boardman discussed how, in her view, taking care of the buyer’s inspection is a questionable business practice. As someone who has been on both sides — a former real estate agent and current owner of a home inspection franchising company — I understand where the author is coming from.

I see her point of view and agree to a certain extent. But I don’t believe home inspectors and real estate agents fostering trusted networking relationships is necessarily a questionable practice.

On the contrary, I think it can really help the customer. Undoubtedly, it can become a problem when home inspectors and real estate brokers become too buddy-buddy for the homebuyer’s own good.

But, having been on both sides, I believe that when a real estate broker finds a certified professional home inspector who consistently offers an unbiased third-party look at a property, it is oftentimes in the best interest of the homebuyer to utilize that trusted home inspector.

Let’s consider an example from that highly popular Fox program “Scandal” for clarity — and please disregard the fact that the name of the show is “Scandal” for the purpose of this analogy.

Those who have watched the series know that the lead character, Olivia Pope, is a professional fixer who is hired by clients to fix things, no matter the problem. Along with her associates, Pope uses any means necessary to protect the client. In a dramatic turn of events during one episode, one of her clients is working against Pope’s dearest friends

 

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http://www.inman.com/2013/09/27/your-relationships-with-inspectors-dont-have-to-be-scandalous/#sthash.wqvhMii9.dpuf

CoreLogic: 2.5 million homes float back into positive territory | South Salem Real Estate

Approximately 2.5 million more residential properties returned to a state of positive equity during the second quarter of 2013, according to the CoreLogic second- quarter home equity report.

The total number of mortgaged residential properties with positive equity stands at 41.5 million, the research firm found.

“Equity rebuilding continued in the second quarter of this year as the share of underwater mortgaged homes fell to 14.5%,” said CoreLogic Chief Economist Mark Fleming.

He added, “In just the first half of 2013 almost three and a half million homeowners have returned to positive equity, but the pace of improvement will likely slow as price appreciation moderates in the second half.”

Despite the substantial decline in negative equity, there’s more ground left to cover with the remaining 7.1 million underwater borrowers.

Meanwhile, 7.1 million, or 14.5%, of all residential properties with a mortgage were still in negative equity at the end of the second quarter of 2013 with a total value of $428 billion, down from $576 billion at the end of the first quarter.

This figure is drastically down as a result of a steady home price improvements.

Of the residential properties with positive equity, 10.3 million have less than 20% equity, meaning these borrowers may have a more difficult time obtaining new financing for their homes due to underwriting constraints, according to the report.

At the end of the second quarter, 1.7 million residential properties had less than 5% equity.

Looking at individual states, Nevada had the highest percentage of mortgaged properties in negative equity at 36.4%, with Florida and Arizona following behind with 31.5% and 24.7%, respectively.

Of the largest 25 metropolitan areas, Miami-Miami Beach-Kendall, Fla., held the highest percentage of mortgaged properties in negative equity at 36.5%, with Tampa-St. Petersburg-Clearwater, Fla., and Phoenix-Mesa-Glendale, Ariz., following behind with 33.8% and 25.6%, respectively.

 

http://www.housingwire.com/articles/26744-corelogic-25-million-homes-float-back-into-positive-territory

 

Borrowers face difficulties qualifying for a mortgage | Bedford Corners Real Estate

Three out of 10 Americans are unlikely to qualify for a mortgage, despite historically low interest rates and levels of affordability not seen in years, data from Zillow (Z) revealed.

Zillow looked at 13 million loan quotes and more than 225,000 purchase loan requests on Zillow Mortgage Marketplace in September, comparing them to a similar study conducted in September 2010.

What Zillow found was discouraging for borrowers looking to buy a home — especially those affected by the recent financial crisis.

Borrowers who have FICO credit scores under 620 who requested purchase loan quotes for 30-year fixed, conventional loans were unlikely to receive even one loan quote in September. This was unchanged from three years ago, even if they offered a relatively high downpayment of 15%-25%.

According to data provided by myFICO.com, nearly 28.4% of Americans have a credit score of 620 or lower.

At the same time, the bar has been set higher for those looking to get the lowest available mortgage rates. Typically, the best mortgage rates are reserved for borrowers with credit scores of 740 or higher, compared to 720 in 2010. Data revealed that 40.3% of Americans currently fall into this category.

 

 

http://www.housingwire.com/articles/27081-borrowers-face-difficulties-qualifying-for-a-mortgage

 

 

 

How to Install a Foundation Drain | Mt Kisco Real Estate

On its face, the location of a foundation perimeter drain seems like the simplest of details. The perforated drain line is run around the foundation next to the bottom of the footing.

At least that’s what many construction drawings show. But in some parts of the country, the drain is placed on top of the footing rather than next to it, and this discrepancy is at the root of Steven Knapp’s dilemma.

In a question posted at Green Building Advisor’s Q&A forum, Knapp writes this approach is not typical in his area, and that his waterproofing contractor is refusing to go along with it.

“Several years ago he switched to placing the drain (a rectangular pipe) on top of the footer and thinks this is the better method,” Knapp writes. “I’m annoyed and confused since I was advised by another credible expert that placing the pipe on top of the footer would greatly increase my chances of springing a leak.”

Knapp’s builder is leaning in favor of the “on footer” method, but he’s willing to do whatever Knapp thinks best. They also consulted with a Residential Foundation Repair Services company for a third opinion.

“So what is industry best practice?” he asks. “Putting the pipe next to the footer makes intuitive sense to me, but I know that what’s intuitive isn’t always correct. I just don’t want a basement that leaks.”

That’s the topic for this Q&A Spotlight.

The drawings are just plain wrong

Yes, writes James Morgan, we’ve all seen foundation drains drawn that way many times but the drawings are wrong.

“I know that’s the standard drawn detail and I’ve seen it a thousand times, but I think it’s a bad one, and there are several important [performance] reasons that no one ever builds it that way, at least not in my area,” he says.

The seam between the footing and the foundation wall is vulnerable, he adds, but it takes hydrostatic pressure to push water through the seam and into the basement. “Perforated pipe laid along the top of the footer and running to daylight ensures that the maximum head of water is just the thickness of the corrugation, or about 3/8 of an inch,” Morgan writes. “This is simply not sufficient to cause any penetration of the seam if a normal standard of care has been taken with the waterproofing application. This is the simplest, most foolproof and most reliable location. That’s why all the experienced builders that I know and regularly work with all prefer to do it that way.”

It’s more time and trouble to install the drain line next to the footing, Morgan says, plus it also requires more digging and a larger volume of backfill, “thus an enhanced path for water to reach the footing.”

“Backfill can never be consolidated to the degree of imperviousness of undisturbed soil,” Morgan writes. “According to well known foundation contractors, most codes now sensibly require that finish grade be sloped to a swale at least 6 feet away from the foundation wall. With a standard dig this places the swale well outside the backfill area and into the zone of undisturbed dirt: overdig brings the porous backfill closer to the swale and the large volume of stormwater it regularly contains.”

Keep the drain below the level of the slab

To GBA Senior Editor Martin Holladay, the correct location for the foundation drain is a pretty simple proposition: If you want to avoid problems, keep the level of the drain below the slab. “One thing is for sure,” he writes, “if the center of the 4-inch drain pipe is above the top of your slab, you are setting yourself up for potential problems.”

He tells Morgan water can reach the drain in more than one way. “It can trickle downwards from the surface, due to ponding under the eaves (as you propose),” Holladay says. “But during the spring, groundwater levels can rise from below, until the level of the groundwater is higher than the level of your slab. In that case, a footing drain pipe that is installed above the slab will work — but the slab will still get wet.”

David Meiland also would opt for a lower drain location. “I want the footing drain well below the slab, and I want it equal to or below bottom of footing so that the bearing soil under the foundation is less likely to be saturated,” Meiland writes. “I am lucky in that we rarely deal with expansive clay, but that would make it all the more important to drain the footing.”

Holladay’s point is well taken, Morgan replies, in areas where groundwater levels are periodically high. But he adds that even when the drain line is placed on top of the footing, it would still be 2 inches or so below the top of the slab.

“And I think there’s some value in having the the pipe right beside the vulnerable seam rather than a foot away where drainage paths could potentially become obstructed,” he adds. “Either way, Steven’s belt-and-suspenders approach should be fine.”

http://www.greenbuildingadvisor.com/blogs/dept/qa-spotlight/how-install-foundation-drain

New Castle Group Hosts Meeting On Coyote Safety | Chappaqua Real Estate

Team New Castle 2013 will hold a meeting to discuss coyote safety on Thursday from 7 p.m. to 9 p.m at Horace Greeley High School.

James Horton of QualityPro Pest and Wildlife Services will discuss different methods of maintaining coyote’s fear of humans, such as hazing. Effective forms of hazing include using a noisemaker such as an air horn when confronted with a coyote.

Horton was the licensed wildlife control expert hired by Rye Brook after a coyote attacked two children, a 2-year-old and a 14-year-old.

Nearby towns such as Rye Brook, Rye, New Rochelle,  Danbury, Conn. and Brookline, Mass. have become proactive, hiring trappers to trap coyotes.

The first 100 guests will receive a free air horn necklace.

Horace Greely High School is at 70 Roaring Brook Rd in Chappaqua.

 

http://chappaqua.dailyvoice.com/news/new-castle-group-hosts-meeting-coyote-safety