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buyers: 6 Things I Promise to Do for Buyers and Sellers in Bucks County - 07/20/09 07:14 PM
I'm being bombarded by a general lack of professionalism, not just in Real Estate, but in life in general. So, in a bit of a rant, here are
Six Things I Promise to Do for Sellers and Buyers in Bucks County!
1. I'll call you back. I'll email you back. Promptly.
2. When I tell you I'm going to do something, I'm going to do it. If, for some reason, it doesn't get done, I'll let you know beforehand why it wasn't and when it will be.
3. I'm going to keep you updated on your status. If you've listed your … (7 comments)
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buyers: Why Appraisals May Be Doing Buyers (and Agents) Dirty Work in the Future - 04/09/09 01:19 PM
For the first time, ever, in my real estate career, I'm seeing homes not appraise for the contract price.
Now, some may think this is long overdue, and that appraisers are finally doing their job the RIGHT way. I'm of the opinion that appraisers were doing their job the right way all along - houses were worth those inflated prices because people were willing to pay those inflated prices. If houses are worth what a Buyer is willing to pay....well, I'm getting off track here.
Anyhow, the fact of the matter is that appraisers are now under direct scrutiny, and they're being a … (2 comments)
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buyers: Bucks County Real Estate Inventory - December 2008 - 01/30/09 07:12 PM
We saw an increase in the Months Supply of Inventory from our November numbers of 14.7 months supply of inventory. As of December, we currently have 16.2 months supply of inventory of single family homes, an increase of 76% over two years.
What does this mean to Sellers in Bucks County?
Well, what it doesn't mean is that you'll never be able to sell your home in this market. Homes sell every day, and not all of them are distressed, well-under-market, deal-of-the-century sales. There are plenty of people selling their homes at market value, and moving forward with their … (2 comments)
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buyers: Never Buy a Car in the Rain, or a House in the Dark - 12/28/08 11:02 AM
My Dad always counseled us against buying a car in the rain. Seems he did it once, and although he's a meticulous man, the next day, dings and dents became apparent. We recently bought a car on a rainy day, and you know what? The next day, we found some dings that we had missed.
As winter approaches Bucks County, and our days get significantly shorter, please be cautious about looking at homes at night after work.
From a practical standpoint, it makes it almost impossible to actually see the lot. Since location is the hallmark of real estate, the lot … (3 comments)
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buyers: You Can't Win if You Don't Play - 12/04/08 02:33 PM
If you're a Buyer who is out there in the market, but not making offers, you're missing out.
You need to play to win.
I'm not one to advise people to make rash decisions, or to be risky with their money. Especially not with real estate transactions that can total in the hundreds of thousands (or millions) of dollars. I believe in taking the time to find the house that you are totally, unequivocally in love with. I believe in feeling comfortable with your price range. I believe in doing your research on an area, school district, and property before moving … (0 comments)
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buyers: Why Short Sales Aren't a Good Deal for Everyone - 08/01/08 10:35 AM
Here's the short answer:
Because NOTHING moves quickly with a short sale.
Some banks will take up to 60 days to get back to you regarding whether your offer has been accepted or not. So, picture this: you fall in love with the house, you submit an offer (perhaps even a full price offer), and the homeowner submits it to the bank for approval.
Then you wait. Months go by and you're still waiting for an answer from the bank. Life is going forward while you're in a holding pattern. Sixty days later, the bank responds to the offer, and … (2 comments)
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buyers: Hermit Crabs, Houses, and Happiness - A Parable - 07/08/08 02:50 PM
Once upon a time, there were two relentless children who nagged their mother and father for a pet. They wanted a dog, but since the mother and father had cleaned up as much poop as they intended to clean up in their lifetime, Mother and Father said "No." During a camping trip, the children, desperate for any pet, convinced their Mother and Father to let them buy hermit crabs, "With our own money." Sure, the children didn't really like the hermit crabs, in fact were a actually a little afraid of them, but a pet's a pet, right? So they settled. … (5 comments)
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buyers: Things Buyers Will Just Have to Overlook - 06/28/08 08:27 AM
My good friend Kim Brown suggested that I title this post "$%&* Buyers Will Just Have to Learn to Overlook" and add it to my $%&* series, but I'm trying to clean up my image (well, maybe just my language)...So, my previous two posts were some tough love posts for Sellers, outlining some of the things Buyers don't give a $%&* about, and several things they DO give a $%&* about.It's your turn for a little tough love, Buyers. Don't worry, though, I'll be gentle...In light of the touted "Buyer's Market", some Buyers are going a little crazy. They feel that they should get … (0 comments)
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buyers: Buyers Don't Give a *&%$ About the Following: - 06/06/08 09:14 AM
How much you paid for your house
It has absolutely no impact on the Buyers at all. How much you are making or losing on your house is your problem. Just as a Buyer can't limit your profit, neither is he/she responsible for covering your losses.
How much money you need to move into your next home
Again, see above. YOUR finances are never the problem of the Buyer. A lot of Sellers will say, "What's another $5,000 over 30 years?" It's $5,000 more than the Buyer wants to spend on your house. That $5,000 is just as important to the Buyer … (3 comments)
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buyers: Do you know what you want? Bet you don't... - 05/04/08 07:54 PM
Did you ever have a mental picture of exactly what you wanted? Maybe it was an outfit, or a piece of furniture, or a computer. The subsequent shopping trip is always a lesson in futility, since you can hardly ever find what you've envisioned in your mind. Shopping for homes is a little like that.
Oh, we've all read about making your lists of "necessary," "nice to have," and "dream" attributes. So we make our lists, and we start our journey armed with a mental picture of our dream house, and our various lists of home features. We blaze through REALTOR.com, ignoring the 3 bedroom homes, or … (2 comments)
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buyers: Why You Owe it to Yourself to Get Pre-Approved...BEFORE You Start Looking - 04/29/08 07:41 PM
Just about the most fun you can have is to dive into house shopping on the internet. I'm not going anywhere anytime soon, and every once in a while, I do a quick search and get dreamy eyed and excited about houses that are on the market. It's wonderful - all those possibilities waiting out there... Some women window shop for clothes. I window shop for houses.If you're moving beyond the "window shopping" phase, however, you owe it to yourself to call a reliable mortgage broker or bank and get pre-approved so that you know how much you can afford. Now, … (7 comments)
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buyers: You Love Me! You Really Love Me! - 03/04/08 07:53 PM
I met Buyers and their Agent at one of my listings today. They were doing their home inspection. After the typical meet and greet, I asked them, "Are you excited?"
"YES!" the woman said enthusiastically, and she and her boyfriend looked at each other and giggled a little bit. Oh, they were happy, all right. They were ecstatic. They were giddy. They were in love. Unequivocally in love....with my listing.
I had 60 people go through this listing. You read it right - 60. Everyone had very positive things to say about it, but I only got one crazy offer in writing, and a … (12 comments)
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buyers: Where my Girls At? - 02/07/08 07:38 PM
According to the National Association of Realtors 2007 Profile of Home Buyers and Sellers for Pennsylvania, 21% of home Buyers were single females.
Girl Power! (Or is it Grrrl Power?)
Here are a few things to consider when purchasing a home:
Single or condo?
A single is a good choice if you are up to the challenge of a little maintenance and desire privacy or even your own little corner to garden. Keep it manageable. A condo or townhouse is a good choice if you want a more carefree lifestyle, and can be just as happy with a small pot of flowers as an entire … (4 comments)
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buyers: Should I Stay or Should I Go? - 01/04/08 02:04 PM
If you have a property to sell before you buy, many Sellers in Bucks County struggle with whether to buy or sell first. Ideally, you can coordinate the settlements back to back and there is no difficulty in getting the proceeds of your home sale to move forward with your purchase. Ahhhh, it's so lovely to have things work out.
But it doesn't always work that way. Here's a quick snapshot of the risks and rewards of selling first, or buying first:
Sell Your Home First
The drawback is you may not find a property that you like and have to move in with … (0 comments)
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Heather Oberhau, Bucks County Real Estate, e-PRO
Newtown,
PA
More about me…
Prudential Fox & Roach
Address: Heather@SoldbyHeatherO.com, 677 S. State Street, Newtown, PA, 18940
Office Phone: (215) 860-9300 x 4778
Cell Phone: (215) 584-2700
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