Tag Archives: Larchmont NY houses for sale

Property Condition Disclosure Statement

On March 20, 2024, a new law came into effect which significantly modifies the New York Property Condition Disclosure Statement (PCDS) which replaces and modifies a law that has been on the books since 2002. This law applies to sales of residential real estate, (residential real estate means a 1-4 family dwelling used or intended to be used as a residence; unimproved land, condos, coops and HOA sales are not covered.)

Several new questions related to flooding and mold issues were added to the typical structural and mechanical ones contained in the prior PCDS.

Previously, the PCDS could be exempted or basically ignored by a seller if the seller gave the buyer a credit of $500 in place of completing and delivering a PCDS. This provision has now been eliminated. That credit was basically a discharge of liability on the part of the seller. The elimination of the $500 credit could have legal implications for a home seller who intentionally deceives or provides false statements in the PCDS since the new law requires its delivery prior to the execution of the contract. The law is clear – A knowingly false or incomplete statement by the seller on this form may subject the seller to claims by the buyer prior to or after the transfer of title-. We can assume that lawyers representing buyers would like the PCDS to be added to the contract of sale. It is uncertain if the requirement can be waived.

It is very important to keep in mind that the PCDS is not a substitute for any professional inspections or tests that buyers should conduct prior to buying a house. It is also not a warranty of any kind by the seller or its agents. The PCDS is mandatory and cannot be avoided except in very limited situations.

We all have questions regarding how this law is going to impact the industry. It is too early to tell. The only suggestion we have for our selling clients is fill out the PCDS to the best of your knowledge. Include evidence of any improvements, repairs or claims pertaining to the property. If you owned and maintained your property with pride, chances are you have nothing to worry about.

GioHomes Real Estate, LLC. Will Start Listing
Properties for Sale for 3% Commission
Instead of the Standard 5 – 6%

The announcement comes as a result of the NAR's $418 million settlement on Friday, even thought the settlement is subject to a judge's approval.

WHITE PLAINS, NEW YORK, UNITED STATES, March 19, 2024 /EINPresswire.com/ -- The National Association of Realtors (NAR) announced on Friday a settlement with groups of home-sellers agreeing to end a landmark antitrust lawsuit by paying $418 million in damages and eliminating rules on commissions, even though the settlement is subject to a judge’s approval. GioHomes Real Estate recognized the settlement as overdue. In their view, the elimination of rules on commission guidelines represents a decoupling of a commission system that was perceived as unfair by sellers.

They welcomed the news with an announcement of their own. Starting today, the company will represent home sellers for a 3% commission, instead of the standard 5 or 6% that most real estate agents charge. Since its establishment in 2006, GioHomes Real Estate has been committed to providing exceptional service to its clients at discounted rates. The company has built a strong reputation in the real estate industry for its dedication to customer satisfaction and transparent business practices. With this new change in commission rates, GioHomes Real Estate aims to further enhance its services and make the home selling process more affordable for its clients.

Located at 190 E Post Rd., Suite 101, White Plains, New York 10601, GioHomes Real Estate is a full-service real estate agency that represents buyers and sellers. They provide their services to Westchester County and surrounding vicinity, including Connecticut. The company's team of experienced and knowledgeable agents are dedicated to helping clients achieve their real estate goals. With this new commission rate, GioHomes Real Estate is making it easier for home sellers
to save money while still receiving top-notch service.

"We are thrilled to announce this change in our commission rates for home sellers. We understand that selling a home can be a stressful and expensive process, and we want to make it more affordable for our clients. Our team is committed to providing the same level of quality service while helping our clients save money," said Giovanni Gonzalez, Head Broker of GioHomes Real Estate. He added “Going forward, sellers should pay their commission, and buyers should also pay their commission when utilizing the service of a real estate agent or broker.”

GioHomes Real Estate is excited to offer this new commission rate and looks forward to helping more home sellers achieve their real estate goals. For more information, please visit their website at www.giohomes.com or contact them at (914) 946-1067.

Giovanni Gonzalez
GioHomes Real Estate, LLC.
+1 914-946-1067

This press release can be viewed online at: https://www.einpresswire.com/article/696911645
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Featured Property: 1081 Palmer Avenue, Larchmont, NY 10538

Get settled in right away in this 2-story raised ranch-style home located along Palmer Avenue in the lovely village of Larchmont in the town of Mamaroneck.

Built in 1966, the house has been extensively renovated with many modern features.

The price of the house is $995,000.

Exterior features

The property consists of a 0.16-acre lot with ample backyard space and trees all around.

The house features brick and vinyl finishing on the exterior surfaces, as well as a fenced level backyard with patio, garden, and parking driveway.

It sits on Palmer Avenue, a tree-lined street that is a short distance to the town center, Central School, and the shopping and dining district on West Boston Post Road / U.S. Route 1.

Interior features

The spacious 2,432-square-feet home has 4 bedrooms, 3 bathrooms, and a new eat-in kitchen with island, granite countertops, and stainless steel appliances.

The lower level includes a family room, office, laundry room, and attached 2-car garage.

The first floor has the kitchen, bedrooms, and master bedroom with walk-in closet, Jacuzzi tub, and separate shower area.

Living areas sport hardwood floors, while bathrooms have elegant above-counter vessel sinks with modern fixtures.

About Mamaroneck

Mamaroneck has been named one of the Best Places to Live in New York for its low unemployment rate and the good quality of life of its residents.

It’s one of the oldest towns in Westchester County, distinguished by its diverse population and picturesque surroundings. It’s also about less than an hour and 30 minutes from Manhattan on the commute.

Mamaroneck is known too for offering extensive residential options including luxury lakefront homes on the Long Island Sound, co-ops, and this featured single-family home.

For more information on this property, contact Vivan Chen from GioHomes Real Estate at (914) 946-1067 to schedule a viewing, or request for additional details.

Larchmont

Manor Park

Larchmont Neighborhood

Manor Park, Larchmont

Larchmont NY Real Estate and Homes for Sale

Larchmont is a picturesque waterfront town located on Long Island Sound within the town of Mamaroneck in Westchester County. Originally inhabited by Siwanoy Indians, it was discovered by the Dutch in 1614 and was soon after settled by Dutch and British settlers.

One popular story about Larchmont was about how it got its name. It has something to dowith Peter Jay Munro, who was a leading abolitionist during the 18th century and lived in the historic Manor House (which is now the oldest home still standing in Larchmont). Since it was located near the Boston Post Road, the home was exposed to dust during summer. Munro’s gardener came up with a solution to keep the air in Manor House clean by importing larch trees from Scotland, eventually giving rise to the name “Larchmont.”

Small-town Atmosphere

Once a resort community that was patronized by wealthy New Yorkers, Larchmont has a friendly and inviting small town atmosphere. Some of its old Victorian cottages still stand today, along with a few of its grand hotels (some of which have been converted to private residences).

Larchmont, home to more than 5,900 residents, is what you would consider a bedroom community since most of its residents opt to work in the city. This doesn’t mean that Larchmont lacks modern amenities, however. In fact, it has a collection of small boutique shops, fine dining restaurants, and coffee shops. Residents are particularly fond of restaurants such as Chat 19 and Larchmont Tavern and downtown Larchmont offers residents and visitors more shopping and nightlife.

Recreation and Education

Larchmont has plenty of recreational opportunities. Some of its most famous parks are Hommocks Park and Flint Park. Locals and visitors go to Hommocks Park for its pool, soccer and baseball fields, as well as its ice rink. Hommocks Park also hosts an annual thanksgiving tournament and is the home of the New York Raptors. As for Flint Park, it has various sports facilities, a playground, and a picnic area.

Chatsworth Avenue School is the only school in Larchmont and is under the Mamaroneck Union Free School District.

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