Factors to Consider When Buying a Home in Westchester

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New York is exciting, but the constant news and influx of people can be tedious. Westchester County is where people go when they want to get away from The City That Never Sleeps but remain close to its amenities. North of the city, you will find small, quiet hamlets and towns full of historic charm and cozy homes. And the good news is you can easily access Grand Central Station from Westchester. But how do you go about buying a home in this charming area? Here are some factors you should consider.

Homebuyer Financing

Unless you want to make an all-cash offer, every home-buying journey begins with securing financing. Homes in Westchester can be a tad pricey because of the proximity to Manhattan and rich town history. Usually, you need at least 20 percent of the purchase price of the home you wish to buy.

You will also need to get financial backing from a reputable lender. Shop around for different deals and rates and apply for a mortgage pre-approval. Among other documents, you will need a list of your assets, your W-2s, your bank statements, and a good credit score.

Real Estate Agent

Buying a home is expensive, and you want to ensure you protect your investment and get value for your money. This is why the next crucial piece of your home-buying journey is hiring The Suarez Team Westchester real estate agents. With such experienced agents in your corner, you can safely navigate the local laws, inspections, taxes, paperwork, and more.

Personalize your relationship with your agent. Let them know the type of house and neighborhood you would like to live in and your budget. Armed with this information, they can find you a home with all the desired features and within your price range.

Neighborhoods

Next, consider the different neighborhoods. Westchester neighborhoods vary in what they offer, and you and your agent can work on finding an area that meets all your needs. If you love small rustic towns tucked away from the city, consider Armonk. You should know, however, that commuting to Manhattan from this neighborhood will be a hassle.

If you like opulence and luxury living, explore Briarcliff Manor. This classy neighborhood boasts homes set on the shores of the Hudson River and an easy commute to the city. However, the prices can be very steep in this area. Chappaqua, on the other hand, is great for some peace and quiet. And Rye and White Plains offer that downtown vibe with many cafes and shops.

Inspections

Once you find a neighborhood and home, you need to consider the condition of the property you wish to purchase. Even when the price is right and the home the right size, skipping the inspections can leave you with a less valuable home than you thought. Arrange for an inspection to check the appliances, roof, walls, drainage, plumbing, and more. Some homes in Westchester County were built as early as the 1900s, and you want to ensure they are in working order.

Explore Westchester Homes for Sale with the Suarez Team

Now you have everything you need to buy your Westchester home. But a great agent is the most useful tool you can have in your homebuyer’s kit. Suarez Team agents are ranked among the top 1 percent of agents globally, and their long-standing, award-winning expertise will push you through the finish line. They can help you find a home, negotiate, arrange for appraisals, and more. Call the office today to schedule a consultation and learn more.