buying a home: Confused - not sure which way to go? - 01/22/15 12:16 PM
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 09:44 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 10:06 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 11:50 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 08:54 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 10:20 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 08:36 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 02:42 PM
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)

buying a home: What are basis points? - 10/06/14 02:55 PM
What are basis points?
Buyers today, especially first time buyers have lots of questions. It is interesting to see what questions they come up with.
Why do we all use so much jargon? A client today emailed and asked me the above question after having emailed our mortgage provider and asked several other questions, basically about locking a loan. The mortgage provider's reply included the term "basis points". Why not just say so much per cent? Why use a new term the buyer may not understand. This is why the consumer is confused, we change and intermix terms, and depending where you … (3 comments)

buying a home: Malvern Boro fastest growing community in Chester County - 05/30/14 05:36 AM

The recent release of numbers from the census bureau show the fastest growing townships in Chester County between July 2012 to July 2013.

Malvern Boro is a delightful place to live and the building of apartments on King Street may very well account for the large increase in population. It has a great small town/village atmosphere and is surrounded by Willistown Township and Charleston Township both of which carry the Malvern mailing address and are part of the Great Valley School district. It is also the site of The Paoli Massacre Monument in the Revolutionary War which became a … (1 comments)

buying a home: 3 reasons a home buyer should buy an owners title insurance policy - 10/21/13 12:33 PM
There are many parts to purchasing a home, and to be honest for many it is confusing and you may wonder why you need title insurance, in fact what is it? A bank will insist that you take a [policy to protect their interest in the home, but should you buy an owners' policy?
Well I interviewed Amy Sniras of Sage Premier Settlements and asked her and she gave me three reasons.


buying a home: 7 days to sell a home! - Chesterbrook Market Report - 02/12/13 06:45 AM
As of today Monday February 11 there are twenty homes showing as available, under offer or pending sale. Nine homes settled during Janaury, most for close to the last list price, although maybe not the original asking price for the home.
Of the twenty homes six are pending, implying they have gone though home inspections and are moving towards settlement. Several homes have come on the market in the last two weeks, after we had mentioned the lack of inventory and the pent up demand for homes resulting in a steep decline in days on market. A rough caclulation of the homes that are … (0 comments)

buying a home: Main Line Realtor teams up with local preschool to help clients - 06/29/12 07:16 AM
Local Main Line Realtor Nick Vandekar of Long & Foster Real Estate, Inc., today announced he is teaming up with Chesterbrook Academy in Wayne to help clients when they need somewhere to leave their children whilst searching for homes.

Often whilst out hunting for houses, clients who are relocating have their children with them and need somewhere safe to leave them if they don't have family in the area. Buying a home, said Vandekar, is often stressful, and trying to keep children entertained and motivated during the process for a parent can be very hard and distracting. I remember trying … (1 comments)

buying a home: Can you just tell me the truth, and why is Fannie Mae listing with... - 05/31/12 07:16 AM
Yesterday was a frustrating day for me and for my buyer. My buyer had identified a home to purchase, we have been back twice, second time with a contractor as this is a Fannie Mae property. The agent sends automated feedback requests, and I have asked please let me know if you have any other offers.
I call yesterday to let them know I am going to be submitting an offer. First the phone number in the MLS goes into a message saying big company name relocation department, we will be closed for the Memorial Day Holiday and we will re-open … (1 comments)

buying a home: To offer or not to offer that is the question? - 04/18/12 12:47 PM

Buyers are out in force, new listings are coming on every day this Spring along the Main Line and when a buyer finds a home that meets their list of requirements the next question is "To offer or not to offer". Some buyers don't want to compete with others feeling it will encourage them to pay too much. Some don't want to offer because it is the first home they have seen. Some want to just wait, in case they reduce the price.
Several times in the last few weeks I have heard of properties that have received multiple offers, … (0 comments)

buying a home: How buyer agency has changed real estate? And why that is good for you! - 03/08/12 01:17 PM
Several years ago, well 1988 to be exact buyers were allowed to have their own agent represent them in a real estate transaction. It seems amazing, a little like women being given the vote, or equal rights for all! But before this buyers were not represented, all agents in the transaction represented the seller. Regardless of what broker they worked for they were a sub-agent for the seller. So, even if you thought you were being represented you were not. Sort of like having one lawyer represent both parties in a divorce.
Today, many buyers want to remain un-represented as long … (43 comments)

buying a home: Why you won't buy what you want...exactly. - 03/05/12 07:18 AM
Every buyer along the Main Line has a list of what they want from a home. Regardless of price point. The $150,000 one bedroom condo buyer and the multi-million dollar single family luxury home buyer. Many things on those lists actually are similar, just different scales. But every buyer also has a list of things they are willing to compromise on when they buy a home.

The want list you put together is very logical. What you buy is very emotional. Many buyers walk into a house and just know this is the one! Then they qualify it logically, ticking … (11 comments)

buying a home: Our job is to negotiate - so why do so many agents avoid it? - 07/22/11 06:57 AM
Part of our job as real estate agents is to negotiate, so why do so many agents avoid it? We negotiate at first for ourselves when we first meet with a consumer, when we decide if this is someone I want to work with as a customer. We explain the legal obligations our state requires about the different agency representations and what they mean to the consumer and why they might want to work with us, how we will represent them and what we will charge.
We negotiate explaining our value either as a listing agent or as a buyers agent, laying out … (6 comments)

buying a home: A book and a house what they have in common! - 07/15/11 03:22 PM

I love to read, all sorts of books, and yes I like a book, the tactile feel of it, historical novels, mysteries, business books and thrillers. When I read I get engrossed, I can see the story right before me, usually in color, I place faces on the characters and the story becomes like a movie as I read. Trudy accuses me of getting lost in a book, she can be talking to me and I just don't hear a thing I am so engrossed.
Recently, having read several great business books I took a turn to some lighter reading, … (0 comments)

buying a home: How do you decide what is the market price? - 07/12/11 01:09 PM
Many buyers today want deals, deals and more deals. Which if you believe everything you read is understandable, however, many homes even today receive multiple offers. So how do you decide what is the market price?
A buyer has no interest in what you paid for the home Mr. Seller, how much you owe, or what you think your home is worth. All of this is irrelevant. What does matter is what else is on the market that he can actually see and compare with this home he is interested in? What homes have sold recently, in the last three months but not much … (5 comments)

Nick & Trudy Vandekar, Realtors - Selling the Main Line, PA Lic AB067198 (Long & Foster Real Estate Inc ) Rainmaker large

Nick & Trudy Vandekar

Realtors - Selling the Main Line, PA Lic AB067198

Devon, PA

More about me…

Long & Foster Real Estate Inc

Address: 92 Lancaster Avenue, Devon, PA, 19333

Office: (610) 225-7400

Mobile: (610) 203-4543

Some thoughts and ideas about real estate that might help you when you buy or sell.




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