buying a home: Have Student Loans? Think you Can't Buy a Home? WRONG! - 08/17/17 02:47 PM
Getting good information on mortgages is so important in today's market. Not all lenders are the same and having the right information is essential. Sometimes, to make sure you can acheive your goals. It may mean you have to wait or adjust the plan initially, but at least it allows you to plan.
This is an excellent post by Gene Mundt about student loans and how you can get a mortgage and what you are going to need to obtain one to buy a home.
If you need help in the Tredyffrin Easttown and surrounding Main Line area contact Nick Vandekar, Tredyffrin Easttown Realtor … (4 comments)

buying a home: Do you know when you need a survey? - 06/22/17 09:13 AM
Tredyffrin Easttown Real Estate - Do you know when you need a survey?
Buying a home in Pennsylvania and in Tredyffrin Easttown School District does not require the buyer to obtain a survey. it is a choice unlike some other states around us.
However, there are circumstances whenyou should definitely have a survey carried out. Check out our video for advice:
When you should have a survey:
If there are any disputes over property lines Building a pool Erecting a shed Planning to extend the house after purchase Erecting a fence If the amount of property you own is important to you Knowing your … (46 comments)

buying a home: With Golf and Mortgages: It's Important to Know the Rules - 05/10/17 06:26 AM
Today's mortgage playing field is very different than it was when you possibly bought your current home. Today the rules have changed and it is vitally important for Tredyffrin Easttown buyers to understand the NEW rules or else there is a high probability it is going to cost you money. This excellent article by Gene Mundt removes lots of the misconceptions and brings you up to speed on today's rules.
If you have questions or need help because rules change all the time contact Nick Vandekar, Tredyffrin Easttown Realtor, with Long & Foster Real Estate Inc., Nick@VandekarTeam.com, office 610-225-7400, cell or text 610-203-4543.
(5 comments)

buying a home: Fannie Mae Simplifies Guidelines for Student Loan Debt - 05/02/17 01:44 PM
Several years ago I had a rental listing for a client. As I was showing the apartment to a young man I asked, "Why are you renting and not buying?" His answer I have a lot of student debt and don't think I can qualify for a mortgage.
Well after a short conversation with a mortgage provider we knew, he changed direction and ended up buying a three bedroom home and becoming a home owner rather than paying someone else's mortgage for them.
I did also rent the apartment and fulfilled my duties to my landlord as well. Not everyone will qualify to buy … (4 comments)

buying a home: Tredyffrin Easttown Real Estate - What is a contingency? - 03/16/17 10:26 AM
Tredyffrin Easttown Real Estate - What is a contingency?
So you are either writing an offer or receiving an offer and your agent wants to talk about the contingencies in the agreement. But what is a contingency? Nick Vandekar, Tredyffrin Easttown Realtor answers that question in this video below.
 
A contingency can be of varying lengths. The mortgage contingency lasts right up to settlement, although a commitment may be delivered ahead of settlement. If the buyer, or one of the buyers loses their job the contingency allows them to get out of the agreement. Other contingencies such as home inspections, including the home, Radon, Wood destroying … (4 comments)

buying a home: Tredyffrin Easttown Real Estate - FAQ Why do I need a pre-approval? - 02/23/17 09:18 AM
In this series we are answering frequently posed Tredyffrin Easttown real estate questions.
We get many inquiries to show homes and buyers often balk when we ask them if they are pre-approved for a mortgage and if so how much. This video answers this question. Let me know if you have a real estate question, you can email me a t Nick@VandekarTeam.com. In the meantime subscribe to our blog and to our channel on YouTube so you don't miss any of this series.
 
Points from the video:
Put your self in the sellers shoes, you are asking them to vacate their home, often … (14 comments)

buying a home: Tredyffrin Easttown - Another reason for living here - 02/21/17 12:36 PM
Tredyffrin Easttown - Another reason for living here
There are multiple studies on how exposure to languages at a young age helps child development and the learning of multiple languages as children age. The more natural the teaching method the better. Today, I interviewed Helena Malarkey, the Founder and Program Director of LingoLearning. Helena is part of our local Berwyn Devon Business Association and has lived in the school district for about eight years.
LingoLearning, Foreign Language for Everyone. Making learning languages fun at any age.
LingoTots a program for pre-schoolers
LingoKids classes are offered as an after or pre-school program at local elementary schools
LingoTeens … (14 comments)

buying a home: Tredyffrin Easttown Single Family Home Market Report January 2017 - 02/17/17 01:33 PM
Tredyffrin Easttown Real Estate - Single family homes January 2017
The Tredyffrin Easttown Real estate market is strong and healthy.
There are currently 126 single family Tredyffrin Easttown homes for sale. 12 of these homes for sale are under contract. Prices range from $215,000 for a 3 bed 1 bath home to $8,000,000 for a 9 bed 7 full baths and 2 half bath home. So you can see there is a large difference in the types and price of homes available.
 
There are 29 homes Pending and 15 homes Settled during January ranging in price from $329,000 - $1,400,000. Of the homes which … (2 comments)

buying a home: Tredyffrin Easttown FAQ Real Estate - what do you charge? - 02/10/17 09:17 AM
Tredyffrin Easttown Frequently Asked Real Estate Questions - What do you charge?
Tredyffrin Easttown Realtor Nick Vandekar answers the questions what do you charge, covering it from both a seller and a buyers perspective. 
 
Sellers- Commission is spelt out in the listing agreement and covers how the commission is split between the listing broker and buyer broker.  Why you need your own buyers agent and how approaching the listing agent will not save you money as the commission is set in the listing agreement before the home is listed for sale. Buyers - Commission is paid by the seller, as explained above … (3 comments)

buying a home: Frequently asked real estate questions - how long does it take? - 01/26/17 01:16 PM
Frequently asked real estate questions - How long does it take from offer to settlement?
In Tredyffrin Easttown we often get asked by buyers how long the real estate process is for buying a home. Obviously, it depends, a buyer needs to find the right home. But Nick Vandekar, a Tredyffrin Township resident and Main Line Realtor can answer how long it takes once an agreement is accepted to settlement.
Generally, if the buyer is using a mortgage, the time is 45-60 days. Most mortgage firms since TRID implementation in the Tredyffrin Easttown area require a minimum of 45 days. This allows for appraisals, the … (9 comments)

buying a home: Why you should interview more than one agent! - 11/01/16 07:46 AM
Why you should interview more than one agent!

Research shows a high percentage of consumers use the first agent they meet. This can be bad for all sorts of reasons, but essentially as a consumer you do not have any idea how good or bad this agent is, to act either as your listing agent or your buyers agent.
What makes a good agent and will the agent be good for both buying and selling?
Rather than work with the first agent you meet, even if they are referred to you, you need to interview a number of agents and consider what you are hiring them … (3 comments)

buying a home: What is the role of the buyer's agent today? - 07/11/16 12:15 AM
What is the role of the buyer's agent today? Do you need a buyer's agent?
In today's market is there a need for a buyer's agent? With access to the internet on every device you have what does the buyer's agent bring to the table? What is the role of the buyer's agent today?
The role of the real estate agent is changing and has changed over the last few years. Statistics show that buyers are searching for their new homes online in ever increasing numbers on more and more devices. The smart phone has pushed desktops and even laptops out the way. So why … (1 comments)

buying a home: Confused - not sure which way to go? - 01/22/15 04:16 AM
Confused, not sure which way to go?

I totally understand, many of our clients feel this way when they first come to us looking to buy a home on Philadelphia's Main Line for a variety of reasons.
They are relocating from  a city where prices frankly are not as high on the Main Line. When we first talk about wants and needs and they tell us their price range we have to educate them that this is a different ballpark, and prices here are not at AAA price points but at major league prices. It sometimes takes a little while, … (3 comments)

buying a home: Frequently Asked Question: How much money do we need? - 01/14/15 01:44 AM
Frequently Asked Question: How much money do we need?
One of the most often asked questions from home buyers we hear is "How much money do we need to buy a home?" 
Yes, there have been lots of different mortgage products that cater to those buyers with little money for a deposit. And it has just been announced that loans with 3% down are being considered and offered.
However, this is not the end of the story. When you buy and sell a house there are what are called closing costs, agent commissions, transfer taxes, title insurance, mortgage fees, insurance, and … (0 comments)

buying a home: Frequently asked question: Who pays you? - 01/12/15 02:06 AM
Frequently asked question: Who pays you?
One of the questions we get often is who pays you? Many consumers are aware that a real estate agent gets paid and it is a percentage of the purchase price of the home but is there a difference if you are a seller or a a buyer? Many buyers still believe they as a buyer are going to pay the commission in some way.
Well in reality as a buyer you do because you buy the home and fund the transaction either with cash or through a mortgage. If you don't buy and close … (0 comments)

buying a home: Frequently Asked Question: Do you reduce your commission? - 01/09/15 03:50 AM
Frequently Asked Question: Do you reduce your commission?
Real estate is this funny business where customers want to hire you but before they do they want you to reduce how much your are going to be paid. I don't know how many of my clients' bosses ask them to reduce their take home pay before take on a job. I understand no one likes to pay more than they have to pay. I also understand that the price for selling a home in America is high compared to other countries.
I posted a blog yesterday about how much we charge which … (4 comments)

buying a home: Frequently asked question: What is a seller assist? - 01/06/15 12:54 AM
Frequently asked question: What is a seller assist?
When writing an agreement of sale or as many people refer to it making an offer on a home, there are many different terms, in both senses of the word, to the contract you are drawing up. Terms such as contingencies, and seller assist. All of these terms are negotiable. So as a buyer you draw up an agreement that is favorable to you, but which at the same time is of interest to the seller. During negotiations, some terms of the agreement will be adjusted such as price, deposits, inspection periods and … (1 comments)

buying a home: Frequently asked question: Can you show me this house? - 01/05/15 02:20 AM
Can you show me this house?
 
The phone rings and when I answer, a voice asks "Can you show me this house?" This one seemingly simple question releases a waterfall of other questions so the answer initially is "Well it depends". 
First, are you working with a real estate agent with whom you have a written buyers agency contract and what are the terms of that contract? Does this contract restrict you from working with other agents in my area. I am not allowed to interfere with a relationship you may already have with another agent by PA real estate law. However, if you … (8 comments)

buying a home: Selling a house is easy... - 10/13/14 01:36 AM
Selling a house is easy...
I was reading an article over the weekend how tech companies are trying to set up systems to remove the real estate agent from the transaction and lower costs for the seller. Of course the savings when you delve deeper are more limited.
First you need to hire a photographer, many agents pay for this out of their own pockets, then you need a real estate attorney to handle the paperwork, your agent would naturally handle and provide all the required paperwork for you, and finally if the buyer comes with a buyers agent you need to … (9 comments)

buying a home: Now is the time to make offers on Main Line Bank Owned Properties - 10/11/14 07:42 AM
Now is the time to make offers on Main Line Bank Owned Properties
Yes, you read that correctly, if you are looking for a deal along the Main Line on a Bank Owned Property, whether you are an investor, or looking to live in a bank owned property NOW is the time to make an offer.
I have found from experience with clients making offers on bank owned properties through the year there are certain times when you can get a better deal. End of month, end of quarter and NOW, end of year!
The people at the banks dealing with … (4 comments)

 
Nick & Trudy Vandekar, 610-203-4543, Tredyffrin Easttown Realtors, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) Rainmaker large

Nick & Trudy Vandekar, 610-203-4543

Tredyffrin Easttown Realtors, Philly Main Line

Devon, PA

More about me…

Long & Foster Real Estate Inc 610-225-7400

Address: 92 Lancaster Avenue, Devon, PA, 19333

Office: (610) 225-7400

Mobile: (610) 203-4543

Email Me

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