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Home Buying in Armonk : Real Estate Advice

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  • Local Info9
  • Home Buying6
  • Home Selling1
  • Market Conditions1

Activity 7
Wed Sep 23, 2015
Michael asked:
Mon Mar 9, 2015
My NC Homes Team answered:
You probably need to supply a little more detail in order to get your question answered. If you're asking about the mandated seller disclosure here's everything you need to know: these pages are utterly and completely worthless, and always have been. Sellers may elect to answer "no representation" the forms aren't legally binding and most sellers honestly know surprisingly little about their homes, and even those who actually do know a little won't know anything about the two major areas where problems can be significant the foundation/crawlspace and the roof.

If the property is bank owned, owned by an investment group or has been inherited there is no disclosure necessary. The seller must have physically occupied the property.

Honestly reviewing disclosure documents trying to gather worthwhile information is a waste of any buyers time, while their required to be signed by Sellers and Buyers alike, once signed they could be tossed as that's how little value they have. Buyers must get their home inspected thoroughly and this is the information that has value. Just as there's good Realtors and not so good Realtors the same is true with inspectors. For more read the link below.
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Tue Oct 29, 2013
Catherine Matier answered:
Why not ask the existing owner?

They have been paying those bills and should have records they could share with you.

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Sat Oct 26, 2013
Delores Weaver answered:
Whatever you do....don't lose hope!!!. Here's why! Yes, there are lenders out there for you. However, you will need to search. Your credit scores are good and since you can meet income requirements you have met the requirements of a portfolio lender and private money lenders. Here's the catch....a portfolio lender usually will not sell 30 year fixed rate mortgages. They carry a 5/30 meaning amortized over 30 years but due in 5 or 7/30. Often times they will carry interest only loans too. Portfolio lenders do not sell their loans to investors like Fannie Mae and Freddie Mac. They write their own guidelines and believe me they are by no means as ridiculous as many of the conventional lenders are.

Unfortunately, the only one I can think of is 1st Portfolio Lending in Maryland (

A private money lender is another option available to you, however, I must warn you that interest rates, points, fees as well as LTV is significantly high. Rates can be at 6-10%, points and fess are about 2-4 points, and often times you will need a 30-35% down payment. As I said it is an option...not one that I would highly suggest, but it depends on your own personal circumstances....which only you would know.

Anyway, I hope this was of some help and hang in there, it does get better. Keep your hopes high.
Check out my website to get more tips at

Good luck. .
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Sun Oct 13, 2013
Katherine Cresci answered:
Hi "M",
If you are still looking for a home in Armonk and would like accurate sales dates and prices, your best bet is to contact a local agent who can quickly research the property you are interested in on the Westchester MLS.
But there is another alternative (other than visiting the Town Hall for the property card). is a tried and true method to sift through more listings on your own terms. It's free and gives you 24/7 access to in-depth property details. You have the freedom to search for homes like a real estate agent; yet your agent's expertise and knowledge is a click away. Your agent helps to customize your search and helps you create your personal Web site to log in on your own time and keep track of searches you save.
If you would like me to send you an invitation, e-mail me at or call me at my office anytime: (914)273-9688. I'd love to help you find that perfect property!

Katherine Cresci
Grand Lux Realty 914-273-9688.
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Sun Oct 13, 2013
Katherine Cresci answered:
Hi Zack,
Since your question was posted back in 2008, maybe you would like more current information about listings in the Armonk area. I can send you listings in your price range from our MLS system anytime.You can give me a call at our office in Armonk at 914-273-9688. I look forward to speaking with you and helping you find the right property for your needs.

Katherine Cresci at Grand Lux Realty,

By the way, we're always looking for more agents! Our commission splits are some of the highest in the industry...up to 90% with no fees.

If you know anybody who might be interested, our office will pay you up to $2,000 each for your agent recruits!
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Tue Jul 20, 2010
Cheeseburrito answered:
Directly, probably not. Indirectly, maybe, but to a limited degree. The Obama tax credit had income limits that made it virtually impossible to qualify for in affluent areas like Armonk (or for most other white collar workers in the NYC area, given the higher incomes/cost of living here). And the dollar amount of the credit was relatively small compared to home prices in that area. However, if homebuyers looking to move up needed to sell their homes in a cheaper neighborhood in order to buy in places like Armonk, then it would have helped them sell to a degree, which in turn helps them to buy in Armonk. Also, human behavior can be strange. Some people would drive 20 miles out of their way to save 20 cents on a loaf of bread. I heard of cases where sellers raised their prices by more than the amount of the tax credit before the expiration date, only to drop prices back down right after the expiration date passed. So who really benefited from the tax credit? The buyer or the seller? ... more
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