main line real estate: Top Mistakes to avoid when buying or selling a Main Line home
- 10/22/14 06:49 AM
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main line real estate: 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)
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main line real estate: FAQ's when buying a Main Line Home
- 10/08/14 01:35 AM
Frequently asked questions when buying a Main Line Home
If you are buying a Main Line home outside of Philadelphia you may find things work a little differently to buying a home elsewhere, be that another country, another state or another city in Pennsylvania. We have developed a list of Frequently Asked Questions and answers, accessible on our website Selling the Main Line.
Let us know if you have any questions not covered here. We will be happy to help you find your Main Line home be it a first time purchase, or a luxury mansion, contact us for more details.
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main line real estate: Philadelphia Growth - Long & Foster
- 09/30/14 03:32 AM
Philadelphia Growth what it means for you the buyer and seller of Philadelphia Real Estate.
Long & Foster has just announced the acquisition of Alliance a group of 14 offices and 700 agents who will be merged into the Long & Foster Real Estate family. This makes us #2 in the Philadelphia region.
We have almost doubled in size with this acquisition, and it is in addition to the company growing rapidly in both Delaware and New Jersey. The Long & Foster signs are becoming much more common down the shore and throughout the Tri-state area.
But, what does this mean for the … (2 comments)
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main line real estate: Why I pick up the phone
- 08/06/14 11:28 AM
Why I pick up the phone
I just posted an article on picking up the phone, Answer the Phone. In the last week I sent over a rental application to a local agent, this was Thursday. Not hearing any response I call On Friday and go to voice mail. I leave a message.
I call again on Monday and get one of the team members and leave a message. Still no call back. I call again on Tuesday and get the team leader. No apology for not returning any calls. We are the only application, but the landlord has decided … (35 comments)
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main line real estate: New Listing 167 Old Forge Crossing, Devon, PA 19333
- 08/01/14 04:47 AM
New Listing, 167 Old Forge Crossing, Devon PA 19333
Trudy Vandekar, Selling The Main Line with Long & Foster Real Estate just listed a wonderful Old Forge Crossing town home, 167 Old Forge Crossing in Devon PA 19333, this 2 bed 2 1/2 bath Main Line home is in a wonderful Main Line location in Old Forge Crossing in Devon. Located on over 40+ acres Old Forge Crossing has a pond, walking trails, a community swimming pool and three tennis courts. This town home is surrounded by plentiful parking making for an easy flat walk to your new home when … (3 comments)
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main line real estate: I've never seen that before.
- 07/31/14 05:18 AM
I've never seen that before
In Pennsylvania when you meet a real estate agent for the first time they should present you with a Consumer Notice. This notice is NOT a contract for listing or buyer services. It is a form which explains who works for whom and what services they provide for you. I just wrote a blog about How Confidential is Your Offer? which really explains this very well. The reason you sign this form is because it is a notification and an acknowledgment you have seen it.
What I want to talk about here is if a Philadelphia Main … (5 comments)
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main line real estate: How confidential is your offer?
- 07/28/14 07:24 AM
How confidential is your offer?
I was reading a post by Margaret Rome about confidentiality and it got me thinking about that.
Firstly in Pennsylvania until you either sign a buyer agency contract or a listing contract the agent does not have to hold the information you tell them in confidence. You are unrepresented, and anything you share can be used against you in negotiations. Many buyers visit open houses and share information with the agent sitting the open house who represents the seller without thinking. Always be cautious in real estate what you share and with whom. In fact whenever … (9 comments)
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main line real estate: Exactly how much money do you need to buy a house?
- 06/10/14 04:42 AM
I have over the last year had several frustrated clients who have been confused by how much money they need to buy a house. They see signs, and adverts saying "Only 3.5% down needed". But in fact it is always more.
There are several additional add on costs to that 3.5% down that are needed.
1) Title Insurance - the mortgage company is going to insist that their interest is insured and you may choose to insure your own interest as well. The amount in PA is set by the state and depends on the price of the home and the mortgage.
2) … (3 comments)
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main line real estate: A quick introductory tour of Chesterbrook in Tredyffrin Twonship
- 06/09/14 02:29 AM
We get a lot of inquiries about Chesterbrook, which although it has a Wayne address is actually in Chester County, Tredyffrin Township, Tredyffrin Easttown School District and is nestled between Route 202 and the PA Turnpike on what used to be a large tract of farmland about 35 years ago. This video is a short introduction to Chesterbrook.
If you are looking for help buying or selling a home in Chesterbrook, check out our website www.homesinchesterbook.com and then give Nick a call on his cell at 610-203-4543, office number is 610-225-7400 and ask for Nick Vandekar.
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main line real estate: Will QM affect your home purchase?
- 12/03/13 05:25 AM
There is a lot of discussion about Qualified Mortgage and Ability to Repay, but will they affect your home purchase in 2014. This interview with Jeremy Durkin of Prosperity Mortgage covers the main points. The main thing this is only going to affect about 5% of loans. Most mortgages today are already following many of the requirements but in a slightly looser form.
If you have any questions about buying a home or obtaining a mortgage along the Main Line contact us.
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main line real estate: How hot? Check it out for yourself.
- 06/12/13 04:11 AM
The Main Line Real Estate Market is in a very different position to the last few years. We have moved from over supply to lack of inventory. Homes are selling in days, with multiple offers and prices are starting to rise. So exactly how hot is the market in your area. Below I am posting some links to reports by School District for the Main Line Area. If I have missed your school district or you want specific information about your development ore your home contact me or Trudy.
Before I give you the links I want to tell you a … (0 comments)
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main line real estate: Am I allowed an opinion and can I share it?
- 09/19/12 05:43 AM
Social Media encourages people to share their opinions, we have all read how consumers share what they think about company A or B, or Product x, y and z and how that influences others.
Many real estate sites show properties, Trulia allows agents to check in to properties, allowing consumers to know they have seen plenty of properties and know their neighborhood and share these check ins on Facebook and Twitter. In checking in they can leave a comment. Should we? Does it cross a boundary ethically, or under the Realtor Code of Ethics.
What comments can you leave? How … (1 comments)
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main line real estate: Buying a home? Stop before you choose an agent to represent you?
- 09/17/12 04:45 AM
One of the hardest and most important things for buyers is choosing a real estate agent. Hard because you need to do a little background work. For most agents you can find recommendations or references if you do some looking around on the internet, Trulia and Zillow carry comments by past clients, check both as it is hard sometimes for agents to get clients to comment on both. Also check out the agents own website and see if they have a page, video or comments by past clients.
Ask friends, family and co-workers who they have used and why they liked … (0 comments)
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main line real estate: Exorcism helps home to sell!
- 09/13/12 05:55 AM
I recently had a client bury a St Joseph to help their home sell, did it work, yes, we got the home under contract shortly after she buried the figure and it went through to settlement.
Today I was reading a similar story on a Zillow blog but in addition it mentioned a relocation company using an exorcism to address the issue of the local agents and neighborhood feeling the house was haunted. I know we prayed at the home of one client who also had problems with noises in the house late at night and in the attic rooms, after … (1 comments)
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main line real estate: How varied was your week?
- 09/06/12 06:02 AM
One of the things I love about real estate on Philadelphia's Main Line is how varied your week can be. It allows you to be flexible with your time and how different each day can be. As long as you schedule your time correctly you can always make those important family appointments.
Yes, there are some "customers" who cannot wait and will call another agent to show them a property, but you probably don't want to work with them anyway because they don't value you or your knowledge that you bring to the process. However, it works both ways, there are days … (0 comments)
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main line real estate: No home is ever perfect! Don't let it hold you back.
- 08/21/12 06:58 AM
No home is ever perfect! Today many buyers are searching for the perfect home, and holding off till they find it. Don't let it hold you back, because no home is ever perfect what ever the cost. Almost every multi-millionaire movie star or football player who buys a home for millions of dollars tears it apart making it just how they want it. If anyone can afford the perfect home it is these buyers and still they make changes because no home is ever perfect.
Even buyers of new construction custom homes often make changes once they live in a home … (2 comments)
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main line real estate: First time Main Line Real Estate buyers achieve their first purchase
- 08/15/12 04:46 AM
Congratulations to Dasa and Daniel on their first Main Line Real Estate purchase. We settled today using a VA loan on a town home, they selected after touring several Main Line single family homes and town homes. It is always satisfying to help Veterans with a purchase of a home especially in this case when it is the first home they buy along the Main Line.
Their VA loan was provided through Gateway Funding, with a seller assist and lender credit, they were able to put very little money down to buy their first home. VA loans, are a wonderful … (0 comments)
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main line real estate: Will oil heating affect the price of homes?
- 08/10/12 05:39 AM
As we are getting ready to lock in (or not) for heating oil prices for the coming winter season, the question comes to mind: Does heating on oil effect the list price or sale price of a house?
In my own experience as a realtor it hasn't thus far. I wonder how high oil prices would have to go to have a negative effect on the price of a house.
It certainly is a very common question for a buyer to ask what the utility bills are on a property they are interested in.
My projection or prediction is that … (0 comments)
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main line real estate: Philadelphia Main Line Home Prices
- 08/01/12 12:32 AM
Philadelphia Main Line Home Prices among different townships for single family homes. Using sales data from our Multiple Listing Service I have calculated net prices for homes sold in the second quarter of 2012, that is selling price less any seller concessions shown and from the tax records used the square feet of each home to calculate the square foot price average for each township.
Obviously where there are few homes selling this can impact the price per square feet if a home sells for more or less, but where the data has a good number of homes selling, … (0 comments)
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