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About Me
I specialize in all facets of residential and commercial real property, including single and multi-family homes, coops, condominiums and investment properties. My multi-faceted approach to selling your home or finding you the perfect residence is unique.
Which agent to choose? With roughly 7,600 agents in Westchester County it can be a difficult task finding the right person to represent you when selling your home, or working to find you a new property. Buying and selling real estate is a mixture of emotion and business. It is vitally important that your Realtor understand this and has the skills necessary to guide you through the transaction. Listening to your needs, keeping it simple, keeping you informed, and taking the time to educate you to the market and even holding your hand when necessary, that is a Realtor's job.
I offer you, the buyer or seller, a unique skill set that is especially useful in the current changing market. More than ever you need an experienced Realtor to work with you as the market continues to evolve. I bring you almost twenty-five years of real estate experience from a variety of disciplines: brokerage, commercial and residential valuation, and Corporate Real Estate Counseling.
My corporate background, as well as my 18 years of coop board experience, affords you a unique range of knowledge and experience to draw upon that is so important today. My results speak for themselves. I am a three time Emerald Award winner, Houlihan Lawrence’s top sales award; and I have been number one in sales in my office and in Cooperative sales in the area numerous times. I look forward to your questions and comments and I am happy to answer any of your real estate questions.
Please take a look at my website, which offers a great deal of useful information, and you can search for 100% of the MLS listings in Westchester.
http://www.bronxvilleproperties.com
Which agent to choose? With roughly 7,600 agents in Westchester County it can be a difficult task finding the right person to represent you when selling your home, or working to find you a new property. Buying and selling real estate is a mixture of emotion and business. It is vitally important that your Realtor understand this and has the skills necessary to guide you through the transaction. Listening to your needs, keeping it simple, keeping you informed, and taking the time to educate you to the market and even holding your hand when necessary, that is a Realtor's job.
I offer you, the buyer or seller, a unique skill set that is especially useful in the current changing market. More than ever you need an experienced Realtor to work with you as the market continues to evolve. I bring you almost twenty-five years of real estate experience from a variety of disciplines: brokerage, commercial and residential valuation, and Corporate Real Estate Counseling.
My corporate background, as well as my 18 years of coop board experience, affords you a unique range of knowledge and experience to draw upon that is so important today. My results speak for themselves. I am a three time Emerald Award winner, Houlihan Lawrence’s top sales award; and I have been number one in sales in my office and in Cooperative sales in the area numerous times. I look forward to your questions and comments and I am happy to answer any of your real estate questions.
Please take a look at my website, which offers a great deal of useful information, and you can search for 100% of the MLS listings in Westchester.
http://www.bronxvilleproperties.com
My Q&A
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Peter A Harr…'s Questions (0)
Peter A Harr…'s Answers (15)
Peter A Harris answered:
The amount of tax is quite small and is likely less then you are paying in NYC resident taxes. In my real estate practice it has never dissuaded anyone from moving to Yonkers. Best of luck!
Peter A Harris answered:
I agree that you need to speak to an attorney. I have handled houses that were part of a divorce and it is always very difficult, especially if one person is being vindicitive. If it gets bad enough a court may have to intervene and appoint a special master to sell the property. But that is extreme. You need to speak to your attorney to see if something can be worked out. If the bank forecloses both credit scores will be hurt so it is in his interest not to be obstructionist. Human nature being what it is, that will be tough. Good luck.
Peter A Harris answered:
David
Most municialities offer STAR. The basic STAR program is as of right. The program has been changing for example this year there was a one time additional check from the State which was income based.
The "offset' comments refers to the fact that STAR is a rebate on your school taxes. So that portion of the maint deduction has to be reduced so you do not "double dip" the tax deduction. It is not a big deal.
You may find that there is the occaisional bldg that does not give out STAR because they kept it in lieu of a maintenance increase. That is perfectly legal.
Any other questions please email me through my website below. I will be ahppy to answer.
Most municialities offer STAR. The basic STAR program is as of right. The program has been changing for example this year there was a one time additional check from the State which was income based.
The "offset' comments refers to the fact that STAR is a rebate on your school taxes. So that portion of the maint deduction has to be reduced so you do not "double dip" the tax deduction. It is not a big deal.
You may find that there is the occaisional bldg that does not give out STAR because they kept it in lieu of a maintenance increase. That is perfectly legal.
Any other questions please email me through my website below. I will be ahppy to answer.
David
You are right on the money! Most buyers draw blanks when I explain this. Keep in mind you can in most instances get the STAR deduction, which varies by municipality. In Yonkers it works out to roughly $96/month (will change 7/1). This is on top of your coop deductions except for the taxes where there is an offset. It does defiantely reduce your monthly costs.
You are right on the money! Most buyers draw blanks when I explain this. Keep in mind you can in most instances get the STAR deduction, which varies by municipality. In Yonkers it works out to roughly $96/month (will change 7/1). This is on top of your coop deductions except for the taxes where there is an offset. It does defiantely reduce your monthly costs.
Peter A Harris answered:
David
This is a really good question. There are two factors at play here. The first is demographics, and the second is location.
There is no questions that Bronxville Village is one of the most desired places to live by buyers. However, it comes at a cost. Prices are usually much higher and the boards much more difficult. It is up to you if this extra costs and agita are worth it.
There are several parts of the Bronxville PO that have different favors. Some are more like the Village, some not. Generally speaking, the closer you are to the Village, the more expensive the apartment. I think you have to first figure out how much you can afford, and what your financials are like. A good Realtor can then help you find the right fit. This analysis may make the decision for you.
The second is demographics. One bedroom apartments are as a generality less in demand than two bedrooms. As a result, regardless of location, they tend to be a little more difficult to sell unless it is an exceptional apartment that is properly priced. There is investment potential in a one bedroom; but past history does not really tell us what it might be over the next few years. Will the Village appreciate faster? Possible. But the cost of getting "in" now will likely be a lot more, which may reduce the overall return.
I would focus on what you can afford first, then find a buidlng that you like, and be guided accordingly. In or out of the Village it is a great place to live.
This is a really good question. There are two factors at play here. The first is demographics, and the second is location.
There is no questions that Bronxville Village is one of the most desired places to live by buyers. However, it comes at a cost. Prices are usually much higher and the boards much more difficult. It is up to you if this extra costs and agita are worth it.
There are several parts of the Bronxville PO that have different favors. Some are more like the Village, some not. Generally speaking, the closer you are to the Village, the more expensive the apartment. I think you have to first figure out how much you can afford, and what your financials are like. A good Realtor can then help you find the right fit. This analysis may make the decision for you.
The second is demographics. One bedroom apartments are as a generality less in demand than two bedrooms. As a result, regardless of location, they tend to be a little more difficult to sell unless it is an exceptional apartment that is properly priced. There is investment potential in a one bedroom; but past history does not really tell us what it might be over the next few years. Will the Village appreciate faster? Possible. But the cost of getting "in" now will likely be a lot more, which may reduce the overall return.
I would focus on what you can afford first, then find a buidlng that you like, and be guided accordingly. In or out of the Village it is a great place to live.
Peter A Harris answered:
Patricia
These are great questions. When you purhcase a tenant-occupied apartment you are considered to be an investor which may affect the type of loan you can obtain. You should check into this first. In Westchester rent regulations are based on ETPA; the Emergency Tenant Protection Act. It has many similariites with NYC Rent Stabilization and Rent Control. If the tenant is a Senior Citizen under Rent Control, they may also be be subject to SCRIE (senior citizen rent increae exemption), Their rent can be increased only very little.
The big issue for you is that the tenant can stay there for as long as they want; you have to offer a renewal lease in accordance with the increases allowed by the rent board. If the apartment is inexpensive enough, the future resale potential may cover the monthly shortfall. Keep in mind you may be waiting a decade or more.
You also need to ask why ae the circumstances of the sale. Is the sponsor selling? Are their sponsor rights associated with the apartment? Most buildings today will resisit a sale with sponsor rights but you should check.
Sunnybrook is a nice property with better than average parking and you can walk to the village. The walkup nature of the buidlngs is a bit of a detraction, and it is common knowledge that the Met Life buidlng across the street may be redeveloped. This may be a non issue depending on where your apartment is located.
Any other questions please email me through my website!
These are great questions. When you purhcase a tenant-occupied apartment you are considered to be an investor which may affect the type of loan you can obtain. You should check into this first. In Westchester rent regulations are based on ETPA; the Emergency Tenant Protection Act. It has many similariites with NYC Rent Stabilization and Rent Control. If the tenant is a Senior Citizen under Rent Control, they may also be be subject to SCRIE (senior citizen rent increae exemption), Their rent can be increased only very little.
The big issue for you is that the tenant can stay there for as long as they want; you have to offer a renewal lease in accordance with the increases allowed by the rent board. If the apartment is inexpensive enough, the future resale potential may cover the monthly shortfall. Keep in mind you may be waiting a decade or more.
You also need to ask why ae the circumstances of the sale. Is the sponsor selling? Are their sponsor rights associated with the apartment? Most buildings today will resisit a sale with sponsor rights but you should check.
Sunnybrook is a nice property with better than average parking and you can walk to the village. The walkup nature of the buidlngs is a bit of a detraction, and it is common knowledge that the Met Life buidlng across the street may be redeveloped. This may be a non issue depending on where your apartment is located.
Any other questions please email me through my website!
My Listings
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Certifications & Awards
Licensed Associate Broker
Accredited Buyer Representive (ABR)
Four Time Emerald Award Winner - Houlihan Lawrence's Highest Award Granted to the Top 30 Agents in the Company.
Multiple Sales Awards from The Westchester County Board of Realtors
Accredited Buyer Representive (ABR)
Four Time Emerald Award Winner - Houlihan Lawrence's Highest Award Granted to the Top 30 Agents in the Company.
Multiple Sales Awards from The Westchester County Board of Realtors
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