Residential Real Estate Market Analysis: Willistown Township - 03/25/07 10:50 AM
by Rich Schiffer, Weichert Realtors 
A recent review of residential sales in Willistown Township, Chester County, Pennsylvania revealed some interesting trends.
2005:
294 Units Listed$198,425,253 Listed Volume$674,915 Listed Average (County-wide average = $421,581)182 Units Sold$96,158,975 Sold Volume$528,346 Sold Average (County-wide average = $358,553)56 Average DOM (County-wide Average = 45)
2006:
368 Units Listed$252,065,438 Listed Volume$684,960 Listed Average (County-wide average = $445,783)165 Units Sold$85,569,898 Sold Volume$518,605 Sold Average (County-wide average = $376,077)50 Average DOM (County-wide Average = 56)
Several things jump out at me when I look at these numbers:
Willistown list prices rose, but sold prices declined:List prices rose about 1.488%Sale prices declined 1.844%
Willistown homes sell for considerably more … (0 comments)

Reality TV Meets Home Buyers - 03/22/07 06:03 PM
TLC (producers of Trading Spaces, American Chopper, Flip That House and What Not to Wear) is now casting for a program that could actually help you sell your listings, or help your buyers get the house they want.  This new show will be called Real Estate Road Test.
Check out this informational flyer for details on how you can get your clients or your listings on TV.
If you sell homes in the greater Philadelphia area, or have buyers looking to buy a home in the Delaware Valley, this could be a great opportunity for you.
If you are a homebuyer, and are interested in being on the show, … (6 comments)

Notice of Meeting - 03/17/07 04:32 PM
 A meeting of the Darby Borough Historical Commission will be held
On Tuesday, March 20, 2007 beginning at 7:30 P.M.
At
Darby Borough Hall, 821 Summit Street
(Your presence and input is cordially invited)
PROPOSED AGENDA
Darby Historic Demolition Ordinance - Next StepsStatus reports - ongoing concerns and projects a)  Old Borough Hall - b)  Villa St. Theresa/Scott Estate c)  1000 Main Street...report of meeting and discussion of plan d)  1904 pony-truss trolley bridge - Greenways e)  Historical Marker Nominations f)   OtherOcTrolleyFest 2007Zoning Task-Force Report Main Street Vision Plan Washington-Rochambeau Revolutionary Route Underground Railroad Walking/Driving Tour Future Goals a)  Celebration of Pennsylvania/Darby 325b)  Celebration of … (0 comments)

Subprime Fallout -- Are You to Blame? Nope. I am. - 03/17/07 01:51 PM
In today's (03/16/2007) Wall Street Journal, Phil Izzo reported that just over half of the economists surveyed by The Wall Street Journal said they "expect the unraveling subprime mortgage market to eventually spill over into broader mortgage market."
What does this mean for the rest of the industry? 
Is there an underlying problem that the sub-prime implosion is merely a symptom of?
I think so, and so does Jan Hatzius, the chief U.S. Economist at Goldman Sachs in New York who wrote, "The underlying problem is not the subprime market per se, but the reset of large quantities of adjustable-rate debt." Many borrowers bought their homes … (23 comments)

March 22 is World Water Day - 03/15/07 02:43 PM
I had never heard of "World Water Day" before about 5 minutes ago, and I am guessing many of you are in the same boat, as it were.
In 1992, the UN declared March 22 as "World Water Day" with the intention to draw international attention to the "critical lack of clean, safe drinking water worldwide." Read More
Here is a shocking excerpt from their World Water Crisis Report :
"The world water crisis is one of the largest public health issues of our time. Nearly 1.1 billion people (roughly 20% of the world's population) lack access to safe drinking water1. The … (12 comments)

Historic Homes in Germantown, PA Used as Educational Tool - 03/15/07 02:01 PM
4 homes in the Germantown area of Philadelphia, have been incorporated into an educational program called History Hunters.
History Hunters runs a literacy-based educational program that takes students to four historic homes throughout the school year. Students explore such topics as:  how early settlers and Native Americans interactedi, how children lived long ago, escaping from slavery on the Underground Railroad, and how one house in Germantown became the center of a fierce Rovolutionary War battle.
Check out their programs, and "Join the Hunt for History in your own backyard!"
… (0 comments)

Historic Homes Multi-Agent Open House - 03/15/07 11:57 AM
People who know me know I have a passion for Historic Homes.
I wanted to pass on an invitation to three open houses -- none of which are actually listed with me or even with my brokerage, but I know that many of you would like to see these homes, so here they are:
… (0 comments)

Exciting New Band Performing in Delaware County - 03/15/07 10:58 AM
On Saturday, May 12th, from 10:00PM - 2:00AM at J.D. McGillicuddy's, Sammy Cage and Tommy Goodvibes will be playing with their new band 8 HEADS HIGH at their first public performance. 
Come sing, dance, have a cold beverage, shoot a game of pool, and clap & cheer (when appropriate).
J.D. McGillicuddy's609 Burmont RoadDrexel Hill, PA www.mcgillicuddys.netThe band has mellowed a bit from earlier hard/heavy days and changed its lineup of musicians, as well as adding new music.  Expect to hear awesome covers of songs from 
weezercakeok gou2bare-naked ladiespixiesramonesthe killersand a few dance/pop tunes so you can shake your booty...see you there!
… (1 comments)

Relationship Building Part 2: Who Do I Think They Are? - 03/13/07 03:21 PM
by Rich Schiffer, Weichert Realtors
Relationship, noun.  A term used to describe how one person or thing views or interacts with another person or thing.
In this, the second part of the the WANTED: Fresh Perspective. Apply Within series of articles about Relationship Building, we will focus on the relationship between you and those around you -- clients, prospects, family, friends, co-workers, et. al.
In the previous article, Who Do They Think I Am? we discussed how perceptions create an individual's reality.  Here we will discuss the role of preconceived notions, and how they affect our perception.  By a process of introspection and honest self-evaluation, we … (11 comments)

"Why I'm So Confident About This Market!" - 03/13/07 12:53 PM
by Rich Schiffer, Weichert, Realtors 
Recently, I received a motivational email from Jim Weichert, the President and Founder of Weichert Realtors.  In it he speaks of his confidence in today's Real Estate Market, and how if he himself were buying or selling a home today, he would be acting, not "waiting to see" what the market would do.  So that I don't misquote him, here is his message in its entirety, reprinted with permission:
With the first day of spring just weeks from now, more people will start asking you, "How's the market?  Is this a good time to buy?  To sell?"  
Well, … (2 comments)

Your Legacy: Lasting Impact, or Sidebar? - 03/09/07 01:32 PM
by Rich Schiffer, Weichert Realtors
Much has been written recently about "Going Green."
Many politicians have been talking about "Environmentally Conscious" programs and "Reducing our Footprint."
What does it all mean?  How does it all really apply to us as Real Estate Professionals?  What do we need to do to make a lasting impact?
The answers may not be what you expect.
The environment we live in is changing.  Of that there is little dispute.  What is disputed is the causes of the changes.  Are the global warming trends and the catastrophic meteorological events simply the normal dynamic of a planet as old as ours, or … (16 comments)

PAR Government Affairs Seminar - 03/07/07 04:29 PM
These past two days I have spent in the company of many of my fellow Pennsylvania Realtors, as we came together for a very informative Government Affairs Seminar.
You are possibly asking yourself, "What is meant by 'Government Affairs'?"
I set out to the seminar to answer the same question for myself. 
What I learned was how as Realtor, I can work together with local and state government to help support measures that promote and enable homeownership throughout the Commonwealth, preserve real property rights, and create changes that support us and our ability to serve our clients.
We heard from several distinguished speakers:
Dr. Terry Madonna, the Director of … (3 comments)

Big Change Coming -- March 11th - 03/03/07 12:24 AM
My manager, Judith Alignan passed this on to the associates in our office, and I felt it worthwhile to pass on to the rest of you.  It is truly earth-shattering news, that will change the way we do business:
In 2007, daylight saving time will begin at 2:00 a.m. On March 11 and end at 2:00 a.m. On November 4.
"This is bound to take a lot of people in the United States by surprise. Starting in 2007, daylight-saving time begins on Sunday, March 11--not the first Sunday in April as has been the case for 20 year. When you weren't paying attention in August 2005, Congress … (0 comments)

Darby Main Street Vision Plan - 03/02/07 11:55 PM
On Wednesday, March 7 at 7:30 p.m at the Darby Borough Hall, 821 Summit Street, Darby Pennsylvania there will be a public meeting regarding the Main Street Vision Plan which is being prepared in cooperation with the Delaware County Planning Department.
Your attendence is encouraged, so that the County and Borough planners can hear your thoughts on what would make Main Street a better place to live, work, shop, or travel through.  This revitalization effort will serve to spark job growth and beautification, in the Borough, improve the quality of life for Darby residents, and serve to improve real estate values throughout the Borough. 
Your … (3 comments)

Upper Darby Police Chief -- possible candidate for Philadelphia Police Commissioner? - 03/02/07 11:28 PM
Rich Rhys, a senior writer at Philadelphia magazine recently wrote an article about Upper Darby Police Chief, Michael Chitwood.  "Not In My Town, Scumbag," points out that there's a high-energy crack-down on crime in Upper Darby, Delaware County, Pennsylvania, a suburb of Philadelphia.
Chitwood is a former Philadelphia detective, and is regularly on the streets, making busts, and cleaning up Upper Darby.  He may be the best hope Philadelphia has at turning the tide of violent crime in the city.  If he were to approach Philadelphia's crime with the type leadership he has exhibited in Upper Darby, I could forcast great improvements in the Real Estate values in some … (1 comments)

A Win-Win at a Clasic Rock Art Show and Sale - 03/01/07 10:50 AM
Many people who buy homes or rent in the Philadelphia area choose this region because of its rich rock and roll music roots.  Philadelphia is a major stop on many performers' world tours, and we also have had many home-grown stars, who got their start in the niteclubs throughout the region.  Philly rock fans take their music seriously, and some are avid concert-goers with quite a collection of memorabilia.  If you are one of those serious fans, then this event is for you:
To Benefit the Elizabeth Glaser Pediatric AIDS Foundation, WMGK (102.9 FM), one of Philadelphia's outstanding clasic rock radio stations, is sponsoring the "7th Annual 102.9 … (0 comments)

 
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Rich Schiffer, Referral Agent, e-PRO

Swarthmore, PA

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Address: 854 Michigan Ave, Swarthmore, PA, 19081

Cell Phone: (610) 506-2663

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I will be posting information intended to be helpful for home buyers, sellers, and investors. I will also post articles intended to be of benefit for other Real Estate Professionals. I will try to avoid articles on religion or politics, unless it has direct bearing on Real Estate matters, but I reserve the right to be thought-provoking, and even philosophical at times. (And even humorous, if I am feeling in the mood)

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