Selling Your Property- Prep Tips

Selling Your Property- Prep Tips

Thinking of selling your home whether it’s vacant, occupied or one that has been rented?  Consider the following tips. Before starting any project, speak to a realtor about what needs to be done verses what you think needs to be done. First de-clutter and set up piles that are will be donated or discarded. focus on organizing paper work and interior space. Designate an area of the house as storage for things that one is keeping. Make obvious repairs is also important.  Deep cleaning is a last step before marketing the property. If furniture is old and dated or if the house is vacant consider staging it with contemporary furniture. Today’s buyer prefers a modern contemporary flair.

The exterior of the house is as important as the interior. Having an appealing, well maintained exterior is important. Painting the exterior, power washing, repairing the deck/patio, and cleaning up the lawn are important. Pruning trees, shrubs and planting flowers all add curb appeal.

A pre-inspection is being proactive to identify possible issues/problems with the house prior to selling it. The inspection report will detail all areas inside and outside the home.

Before listing your home, your realtor should check with the local municipality to find out if there are any open permits, violations, certificate of occupancy, additions, decks, patios, pools etc.  Knowing up front and dealing with any municipal and environmental issues such as legalizing a deck, addition or removing an underground oil tank prevents delays in closing.

Silversons Realty is here to assist you in selling or buying. Please call for a free consultation.

How to Avoid Issues Prior to Closing

How to Avoid Issues Prior to Closing

Whether one is  buying or selling, the realtor  has to be concerned with many aspects of the process. The goal is to have a smooth transaction and  avoid any issues prior to closing. The realtor should do due diligence when listing a property or representing the buyer.  This includes but is not limited to, checking assessment cards, building department files, requesting updated surveys, checking for environmental issues, confirming taxes and square footage. One should also check for any violations and open permits. The realtor should also request HOA and coop/condo rules and bylaws. However, even after doing one’s due diligence the following are some problems that can arise during the transaction. These issues can either delay or prevent closing.

  1. Co-Ops– Lenders prefer not to lend in co-ops that have more than 50% investors or if the property is a land lease. Too many investors make lenders uncomfortable; if one person defaults it can destabilize the building’s finances. Confirm that your lender will lend in a particular coop.
  2. Inspection issues– Termites or infestations have to be dealt with prior to closing. Most banks require a termite inspection. Other inspection issues can be defects in electrical and other systems, underground oil tanks, water in basement, roof damage, old furnaces and compressors. Buyers usually ask for underground tanks to be removed which means testing the soil. Many objections can be handled  with a reduction in price, a credit or if the seller will make the repair. Other environmental issues involve high levels of radon gas and asbestos and remediation is typically paid for by the seller. 
  3. Walk through concerns – Some examples of problems at a walk-through include: broken appliances,  cracked windows, water in the basement, or fixtures removed that were to remain.
  4. Title issues – A defective title can result in problems establishing ownership; a title search will uncover any issues prior to closing involving  ownership, liens, violations, surveys.
  5. Liens – liens are placed on a property to force an owner to pay a debt. Any liens on the property must be  paid before the property is sold or paid at the closing through the proceeds.
  6. Covenants and restrictions (C&R) – These are the promises that the original owner made to someone else; for instance an owner may give permission for his neighbor to access his property or limit the use of the land. This runs with the land and the attorney usually checks for this when reading the  Covenants and Restrictions (C&R).  
  7. Boundary or survey problems – Encroachments, easements, fences, illegal decks or shared driveways must be resolved before a title company can insure the property. At the start of the transaction have an updated survey done  to avoid any issues.
  8. Fraud with previous owners
  9. Estate issues: a relative could falsely claim ownership to the property.
  10. Change in credit history – It’s not prudent to make any large purchases or change employment prior to obtaining a mortgage. This could change one’s credit profile and prevent one from obtaining a mortgage.
  11. Buyer fraud – if the mortgage is filled out incorrectly or fraudulently by the buyer, the bank will not lend
  12. Difficulty obtaining homeowners insurance – if a major claim was made against the property a company may deem the property high risk or uninsurable
  13. Seller backs out – they receive a better offer (price or terms) or changed their mind. A buyer may collect damages from the seller. A buyer can also change their mind but may lose their deposit.
  14. Buyers mortgage commitment expires and could cost more money to extend the rate.  One may also have to pay a penalty or get a higher interest rate 

Consider an Inspection for your Rental

Consider an Inspection for your Rental

When Considering a rental an inspection is a useful tool to help pinpoint repairs that may be needed and not easily visible. Rental inspections are not typically done by a tenant but can inform you about possible problems before signing a lease.


Checking for radon, asbestos, lead paint, lead in the water and mold can help a renter be assured that the space they will be renting is safe. It is also a good idea to check the roof for leaks and damage.


Often rental properties require a large deposit and doing an inspection prior to moving in puts both the tenant and landlord on notice as to what repairs are needed and helps avoid any disputes later on.

Calling all Millenials – Think about Buying Now!!

Calling all Millenials – Think about Buying Now!!

If you are a millennial and you are thinking of buying a home, now may be a good time to invest in a home. Your local real estate agent will be able to help you understand the market and find homes that fit your specific needs and wants. This is a huge financial decision so prepare yourself and your wallet!


Interests rates have hit a 14 month low in March. If you have good credit you may be pleasantly surprised regarding how much you are pre-approved for regarding a mortgage. Millennials who have a good job have a leg up in the home buying process.


Investing in a home versus renting gives you greater benefits. Think about buying a home that you can be in for 5 or more years. If you enjoy renovating and putting your fingerprint on a home, then consider buying a home that needs updating. You may also find homes that are outside your price range but have been sitting on the market for a  considerable period of time. Your real estate agent will guide you about the value and recent comparable sales in the area.


Make sure that you are comfortable in the neighborhood that you have chosen and that it meets your needs. Drive through the community during the day and also get a feel of what it is like a night when people may be commuting home from trains, buses and cars. It may worth scoping out the following: grocery store, parks, school, recreation center, transportation, shops, etc.


You need to speak to you real estate agent about hidden costs or costs that can occur once you purchase a home. You will need to save up for property taxes, insurance, closing costs and anything that your inspection report found that you either need to replace or know that it needs replacement down the road. You may have a water heater that needs replacement and you don’t want to wait until it leaks or that you’re A/C or heat fails when you need it the most.


Silversons Realty is here to assist you in your home buying needs. Give us a call at 914-725-9344, email us at and check out of our website at

Selling: Small things to attract buyers!

Selling: Small things to attract buyers!

Spring has sprung and if you are looking to sell and attract first time home buyers or millennials, you may want to consider these ideas. These minor changes may help your home sell compared to other homes that are outdated.


Make sure your front  front door is inviting and has curb appeal. Replacing or painting your door if necessary. Ask your local nursery what plants, shrubs, and flowers will spruce up your homes.


It’s 2019 and technology is key! Consider transitioning from an old thermostat to a thermostat that you can control from a smart device. This gives one the ability to regulate the temperature on the go no matter where life takes you. Think about upgrading the generic doorbell and go with something interactive.  This allows anyone to answer the door whether one is home or on the go. Plus, one can see who’s at the door via any smart device. You can find these tech savvy products at your local hardware store, online or a retail chain.


Check out the lighting in the home. Walk around and take an inventory of what bulbs need to be replaced and what fixtures may need updating. Update fixtures to make them more modern and contemporary.


Telecommuting has become big. Many buyers may be looking for a dedicated office or an alcove area that they can use.


Make sure the closets are clean and there aren’t clothes on the floor. Take out any clothes that no longer wear and donate them. You may also want to think about adding bins and/or add shelving to create more space. This may make the closet feel bigger and more inviting to a buyer.


Many buyers enjoy the look and feel of hardwood floors. If you have carpet in certain areas of the house, consider pulling it up if the floors underneath are in good condition.


Re-paint rooms with neutral colors. The bright purple that you love may be an eye sore to some buyers. The idea is create a warm space that a buyer can envision living there.


Silversons Realty is ready to assist you in the selling process. Please call us at 914-725-9344 or email us at You may also visit our website at

Before Selling: The Exterior is as important as the Interior!

Before Selling: The Exterior is as important as the Interior!

Many buyers are taking advantage of the real estate market and are already looking to find their dream home. Despite the winter weather, focus on curb appeal, as this first thing that a buyer sees online and/or in person. Creating a peaceful, organized and inviting welcome is important.


The front door can act as a welcoming tool for energy and opportunity. If your front door is visible from the street  it is move inviting compared to a door that his hidden by bushes or trees. Have it freshly painted in a bright color or varnished if wood. Also the house number should be readable from the home.


Consider adding plant life to your walkway and speak to a local landscaping company to see this is possible during the winter.


Also one should check your roof and make any replacements to cracked or missing tiles if it’s a slate or tile roof.


Walkways should also be maintained. Any loose mortar or joints should be repaired to avoid tripping hazards.


If the outside of your home has chipping or peeling paint, get an estimate on how much it would cost to paint. Power washing will also help.


Clean up any debris around the lawn. During the winter time, tree branches may fall due to ice or snow.  Keeping your lawn clean adds great curb appeal to the buyer’s eye.


Take a good look around your garage and figure out what you need to keep, trash or donate. An open and clean space adds good Feng Shui. Buyers are able to see the space and figure out their storage needs.


Silversons Realty is here to assist you in all your real estate needs.

Selling your home! Purge, Purge, Purge

Selling your home! Purge, Purge, Purge

What better way, then to start off the New Year with a purge! 2019 has arrived and you may deciding that it’s time to sell your home. Many people have a hard time trying to figure out how to get rid of unwanted household items. I advise my clients to go from room to room and take an inventory of what you want to keep verses what you want to donate, toss or sell.


If you are thinking of downsizing and are looking to unload a mattress or box spring, many places will not take it due to sanitary reasons and bed bugs.  Find a place that picks up and disposes it for you.


Technology has advanced and the obsolete TV should be sent to a local recycling center. If the TV is still in working order, consider donating it or selling it to a second hand store or a store that uses these TV’s for movie sets. Likewise the old refrigerator should be disposed of properly either with by removing the door or bringing it to the local sanitation site.


Old furniture may be someone else’s treasure. Think about selling it online or selling it to a second hand store. Donating furniture is also an option. Tag sales are another possibility.


We all have lots of old tax returns and paper files. These should be shredded. Some communities share central shredding centers. If not there are companies that can come to your home. It’s important to be present while the documents are being shredded.


These are just some of the items sellers focus on when preparing a home for sale.

Winter Tips

Winter Tips

Winter is in full swing and you may want to prepare yourself and your home. You don’t want to be out of
supplies when the winter weather hits.


If you are a do it yourself type of person, make sure that you are prepared with shovels and salt/ice
melt for when it snows. Be sure to check your shovels to make sure they are not dull or broken. If you
have a snow blower re-read the manual and refresh your memory on how to use it. Also be sure it is good
working order. If you don’t like shoveling or can’t shovel because of health reasons, you can easily find
a snow removal company. Landscape companies often offer this service.


Stock up on supplies. Winter weather can be unpredictable and you don’t want to be racing to the store to
buy non perishables. Often shelves get cleared quickly as many people panic that they may not be able to
leave their homes. If you have a pet(s) make sure that you have enough food. You don’t want to get stuck
and not able to get out of your home. Your local sanitation crew works to clear emergency roads first
followed by secondary and tertiary roads.


Make sure that all outside water supplies were shut off in the fall. Pipes that are outside or near
your garage are at greater risk of bursting.

If you go away on vacation, you may want to lower your thermostat but not too low. Check with your
HVAC company ahead of time and ask them what temperate you can set it at. If you have sinks by exterior
walls, open the cabinet door(s) to let the warm air flow in/out. You may want to run a faucet at a
slow drip. This keeps the water moving through the pipes.


Whole house generators are becoming popular and can leave anxiety during a winter storm. Partial
home generators that run on propane are also helpful and less expensive. If you home is equipped with
one, ask the service company what they recommend doing before the winter season. Depending on your
generator, you may want to have gas or propane readily available that can last your for a few days.


Finally, in case of an emergency know where you keep your flashlights, extra batteries, radio,
and first aid kit. Also consider buying solar power devices that can charge tablets.

Buying a Home in 2019 – Interest Rates

Buying a Home in 2019 – Interest Rates

Purchasing their first home or upsizing/downsizing may be more financially difficult for buyers compared to past years.


Millennials may be the top buyers in 2019. Many have already purchased a starter home such as a coop/condo apartment and may now be looking to upsize as they are now moving into their 30s and may feel more financially established. Some have started families and require more space.  Millennials typically  are money savvy, more financially conservative and many have started their careers with student debt.


In 2018 the interest rates slowly increased pushing to where we are now in 2019. Many buyers have to think about how much they can financially afford and what their monthly mortgage payments will be. Buyers who thought they could afford lower payments each month may have to re-think their price point and work within those parameters.  Interest rates and the new tax law have both impacted their buying power.


Silversons Realty is here to assist you in your buying your first home or upsizing/downsizing. Give us a call at 914-725-9344 so we can start working for you!


Considering Moving Out of NYC?

Considering Moving Out of NYC?

Considering Moving Out of NYC?

Are you considering moving from the NYC boroughs and heading for the suburbs? If you’re looking for a convenient, hassle free and relatively short commute to work via Metro North, more indoor space, more bedrooms, a family room, a garage, a backyard and an abundance of outdoor activities, consider Southern Westchester and its various communities. These advantages yield geat buying power! Here are some examples of what your money buys:


160 Overlook Rd., New Rochelle, NY: Price $1,475,000, fully renovated colonial with outdoor family room, 6 Beds, 4.5 Baths, 4,100 sf, on .4 acre of landscaped property, near shops, schools and houses of worship. 29 minute express train to NYC.


99 Soundview Ave., White Plains, NY: Price: $1,125,000, Updated and renovated center hall colonial, 5 Beds, 3.5 Baths, 3,400 sf, on.5 acre. Circular driveway. near shops, schools and houses of worship and everything that White Plains has to offer.


30 Silver Birch Drive, New Rochelle New, NY: $1,599,00, Luxury construction, magnificent 5 beds, 4.5 custom baths, state of the art gourmet eat-in-kitchen with large adjacent family room, all high ceilings, expansive bonus room, 4,533 sf, on .4 acre. Quiet tree-lined street. Near schools, shops and houses of worship. A lot of house for the money!


Compare these to Brooklyn:
$3,490,000- Condo 4 beds, 3 baths, 2,298 sf
$3,750,000- House 4 beds, 3.5 baths
$3,500,000- Townhouse 4 beds, 3.5 baths, 3,200 sf


Silversons Realty is here to assist you in finding your new home! Give our office a call at 914-725-9344 or email Michele Silverman Bedell, Licensed Real Estate Broker/Owner at or call mobile at 914-906-4376.