Interesting how a question almost 3 years old is still getting responses. Answer is simple. If you commute by train to NYC then buy in Chappaqua. If you want more open space then buy in Bedford.
I work in Bedford (Katonah, Cross Rvr), Pound Ridge, The Salems, Somers (all of Northern Westchester from Chappaqua to Brewster, and CT. Depending on your price point, you should have a large selection to choose from in any of these towns. You are correct in thinking that as time goes on more and more inventory will come on. Houses are selling in various price points. Under 600k there is strong activity: I listed a house in that last month just under 600k and it will be signed in a contract shortly. I have another at 899 that is available and others upwards of 1.5 mil that are also available. Look until you have seen enough to know EXACTLY where you want to live, then focus on that spot until your dream house comes on, and you will succeed.... more
A very personal decision. Both are great towns. Chappaqua is a slightly closer to the city, generallly more densely populated, and has been more expensive for the last 10 years than Bedford. Bedford generally has larger lots, (more land) and perhaps slightly larger houses for the money. The property and school taxes may also be slightly lower in Bedford. For some people, 5-10 mins on a train makes a difference. Both offer great ammenities, shopping, schools, easy commutes, and a good assortment of homes in your price point. Bedford is a larger town area wise, and encompasses Katonah, Bedford Hills, part of Cross RIver, and an area known as Bedford Corners which is adjacent to Mt. Kisco. Chappaqua also borders Mt. Kisco. Both are lovely, and both offer a great investment value.... more
It all depends on the motivation of the seller. Also, besides the price the terms of the sale are equally as important. Also in this financial climate - your Fico/credit situation the amout of your down payment PLUS whether you do not have to sell or have aready have sold your current home are things sellers need to know in order to proceed/accept your offer.
Our area has been weathering the storm quite nicely - but a good real estate agent (like myself) will be able to get you the best price possible and the terms you need! Sometimes as a Buyers Agent we have to prove to them that they have an inflated price. I look forward to hearing from you.... more