Attendees who logged in to Brownstoner’s free webinar, “Curious About Moving to Westchester?” on May 28 learned plenty about navigating the current real estate landscape.
You can view the entire webinar here for free.
Part of the Brownstoner Home Events series, the webinar included Licensed Real Estate Associate Broker Ann Marie Damashek of Compass, Richard DeSimone of Quintessential Mortgage and attorney Martha Sokol-McCarty.
Damashek, based in Larchmont, N.Y., said that interest in properties has been strong in Westchester. “Demand is so strong that we’re seeing houses sold and rented — without the buyer or renter having stepped a foot inside the door,” she said, adding that Zoom calls and 3D tours have been the new normal. “It’s a very interesting phenomenon going on right now.”
DeSimone, based in White Plains, N.Y., said that borrowers with excellent credit are being rewarded with historically low rates. “But banks are avoiding what they consider riskier loans,” he said. “Those loans include no-income verification loans for self-employed borrowers, loans for borrowers with low credit scores and cash-out refinances.”
Mamaroneck, N.Y.-based Sokol-McCarty, a sole practitioner with more than 30 years of experience, said that buyers making the move to the suburbs are up against some challenges. “Right now, the market in Westchester is red hot, which doesn’t always bode well for buyers,” she said, adding that buyers should always work with a lawyer that has real estate experience. “Don’t be the guinea pig for your lawyer relative who has no experience in the market.”
Sponsors included Compass Greater New York, Quintessential Mortgage and attorney Martha Sokol-McCarty.
To learn about hosting and sponsorship opportunities for Brownstoner Home Events, please get in touch here.
[Photos via Compass]