Real estate blog entries tagged with find lancaster homes by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA)

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find lancaster homes: Refinancing Cheap Investment Properties - 04/03/08 11:08 AM

Let's say that you bought an inexpensive investment property for cash. Let's say that the property needed some work, and you fixed it up so that it is now ready to be rented. Now you'd like to get some of your money out of the property, so that you can either pay back your line of credit, or start in on another project.
How do you get your improved equity out of the property so you can move on to your next goal? Refinancing this type of property is different than financing owner-occupied houses.
In the first year since you purchased the propertry, … (4 comments)

find lancaster homes: Wonderful Testimonial - 03/06/08 06:33 AM

Yesterday I received this testimonial from a client. Their sale of an investment property was complicated by the poor housing market, yet we were able to bring the transaction to a successful conclusion.
"Brian, I just want to thank you for all that you have done for my husband and myself. It has been a real pleasure dealing with you. You have responded to all our questions and concerns with promptness, and have given us great advice. We so appreciate all you have done in helping us to buy and sell our rental property. The whole process went very smoothly, and … (14 comments)

find lancaster homes: Lancaster 2-Unit Price Reduced - 12/05/07 10:29 AM

This Lancaster City duplex has just been reduced to only $89,900! It is actually both sides of a double house. Originally it was priced at $109,900. for the total property. Here are some of the features of this 2-unit:

Brick construction, 3 bedrooms on one side, 2 bedrooms on the other.
One side is currently rented at $550/month. The other side is available for a buyer to live in - but it is being shown and a couple of prospects already want to rent it for $550.
New refrigerators and gas ranges are being installed on both sides. Carpet and … (12 comments)

find lancaster homes: Handyman Special Could Be a Showplace! - 08/23/07 06:00 AM

SOLDThe present owner saw the potential in this great house and started a rehab, but isn't able to continue - so the opportunity to own a reasonably priced future showplace can be yours!

There are three bedrooms plus a possible fourth bedroom on the third floor. There are 1.5 baths. The kitchen renovation has already been started...

Extensive hardwood floors in the foyer, living room and dining room are in excellent shape and would refinish beautifully...

The third floor has a 19' x 15' bedroom which could be the fourth bedroom. All that would need to be done is … (6 comments)

find lancaster homes: Exceptional Handyman Special! - 07/27/07 11:06 AM

SOLDWhen you walk into this townhouse, the first thing you'll notice is the extensive hardwood floors. They'll take a beautiful finish and reward your efforts with an exceptional home at a very affordable price!
The present owner started work on the home but was unable to complete it. It's a solid house with great character. There are three bedrooms and 1.5 baths. This property will soon be available for purchase. For more information, call Brian Schulman at (717) 951-5552.

Copyright2007BrianSchulman©
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find lancaster homes: Coming Soon - 1760s Log Home! - 07/27/07 09:59 AM

Back in May I posted a blog about an historic log house in Lancaster that was about to be restored by my client. I'm pleased to be able to report to you that the work is proceeding well, and that it won't be too long before the home will be available for purchase!
The house has a large addition in the rear with three bedrooms and a modern kitchen, The logs have been restained, water sealed and freshly mortared.

There is a private fenced yard in the rear. For updated imformation about the status and availability of this historic home, please feel … (4 comments)

find lancaster homes: Southern Lancaster City Townhouse - 06/12/07 09:21 AM

SOLDHere's a low-cost four-bedroon townhouse that would make a great starter home, or an excellent investment property! The house has new wiring throughout. The gas furnace is only two years old.
Priced at only $34,900, the house has a remodeled kitchen and 2-year-old Pergo flooring! For more information on this and other city homes, or for your own showing, call Brian Schulman at 717-951-5552.
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find lancaster homes: Question: Just What Does an Agent Do? - 06/06/07 01:05 PM

Many members of the public seem to have a negative perception about agents when this question is asked. They say things like "Real estate agents sleep until 10 a.m., drink coffee until noon, and do very little except the Four P's: Put up a sign, Put it in the MLS, Put it in the paper, and Pray that it sells!"
Often the uninformed public believe that Realtors(R) have an easy job. Some even believe that they could do the job of a Realtor better, any day of the week. Perhaps, with the right training, they could do the Realtor's job. But … (12 comments)

find lancaster homes: Eleven Questions to Ask a REALTOR Before You List Your Property - 06/05/07 10:18 AM

Not all real estate agents are the same! The best Realtors(R) will have good answers to these questions:
1) How familiar are you with my neighborhood?
2) What real estate designations have you earned?
3) How many real estate transactions have you been involved in over your career?
4) Do you have a personal assistant to aid you in providing quality serfvice to all your clients?
5) Am I stuck with you for six months, or do you guarantee your work 100% and give the seller the right to cancel the listing if they are not completely satisfied?
6) How much time … (2 comments)

find lancaster homes: Why Do Lenders' Requirements Seem So Stringent? - 06/05/07 09:21 AM

With the recent collapse of the sub-prime market, waves are being felt throughout the lending industry. For years, lenders had been getting more and more lenient, with lower down payments, lower credit scores, and higher debt rations being allowed. Unfortunately, the risk of such loans was largely ignored by some lenders. Now, rising default ratios have put some large subprime lenders out of business.
Is this a cause for alarm? Not necessarily. While weak borrowers may have more trouble getting good terms on a mortgage, creditworthy borrowers will still find mortgages available at historically low interest rates.
However, I would like … (0 comments)

find lancaster homes: Buyers: Is Your Real Estate Agent Representing YOU? - 06/03/07 01:12 PM

Buyers: Is Your Real Estate Agent Representing YOU?
About a dozen years ago, the Federal Trade Commission conducted a survey among home buyers. They were asked, "Who is the agent you are working with representing?" Almost all buyers assumed that the agent they were working with represented them. Almost all those buyers were wrong. The agents they were working with at that time almost always represented sellers exclusively. The agents' job was to get their clients, the sellers, the best price and terms possible.
Since that time, buyer representation has become much more widespread. In Pennsylvania, a Consumer Notice must be … (0 comments)

find lancaster homes: Nine Deadly Mistakes to Avoid When Purchasing Your Next Home - 05/28/07 02:26 PM

Here are nine mistakes that can cost you time, money and stress!
1) Purchasing contingent before your own home is listed or sold. Contingency contracts often don't settle. This will cause you undue stress and may lead you to take a lower offer on your property as an act of desperation. Additionally, the seller will be free to shop other offers and call for your release, but you will be tied to one property.
2) Failure to plan. What if you found the perfect home at the perfect price the first time you looked, and while you were thinking it over, … (0 comments)

find lancaster homes: Things to Ask About BEFORE You Sign That Purchase Agreement! - 05/28/07 05:00 AM

A good Realtor(R) will answer your questions, and even give you information you may not have thought to ask about. However, you should be aware of some good questions to ask, and know the answers to, BEFORE you sign that purchase agreement. You don't want to find out things you didn't know about after you're already committed to a contract.
Are there features in the area that may affect the future value of the property you're considering? A new highway route? New school? New commercial enterprises?
What are the neighborhood and the neighbors like?
What have the utility costs for the … (0 comments)

find lancaster homes: Hampton Chase in Penn Manor, Lancaster PA - 05/16/07 01:17 PM

Hampton Chase in Penn Manor, Lancaster PA
Hampton Chase is a pleasant neighborhood of townhouses located west of Lancaster off Columbia Avenue. Close to shopping at the Wheatland Shopping Center plus the restaurants and services of Columbia Avenue, Hampton Chase is a quiet and private enclave away from the main road.

Just a few blocks up Temple Avenue from Columbia Avenue, Hampton Chase abuts scenic Greider Park, which has landscaped walking paths, a pavillion, baseball field, and restroom facilities.

Hampton Chase is part of the Penn Manor School District.
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find lancaster homes: HUD Homes Are Different! - 05/14/07 12:14 PM

When a homeowner with an FHA mortgage defaults on a loan and it becomes foreclosed, it goes through a different system of being re-sold to the public than does a conventional mortgage. Conventional mortgages (those that are not backed by government guarantees or insurance) go back to their lenders' Real Estate Owned (REO) departments. After being processed and possibly with necessary repairs made, they usually get listed with a local Realtor(R) and marketed and sold in the normal manner.
FHA loans are federally insured loans. When an FHA buyer defaults, the lender receives insurance to compensate for its losses. Instead of going through the … (0 comments)

find lancaster homes: Lancaster 1950 Townhouse - 05/10/07 10:22 AM

SOLDThis 1120-square foot brick townhouse has 3 bedroons and 2 full baths. Although built in 1950, it has some updates. In a quiet part of Lancaster just south of the city, on an all-residential street, with woods across the street. Call Brian Schulman at 717-951-5552 for details on why this town home is less expensive than you think it will be!

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find lancaster homes: Brookwood Estates, Lititz, PA - 05/09/07 09:33 AM

Brookwood Estates, Lititz, PA
Just outside the Boro of Lititz, you will find the wonderful community of Brookfield Estates. Nestled between Newport Road and Market Street, Brookfield boasts a nice mix of townhouses, semi-detached and detached homes.
What makes this community outstanding is that it is bordered on one side by farm land, and on the other side by a community park run by the township.

Linear Park has a playground for the children, soccer and baseball fields, paved walkways, and a small creek. In the winter it is home to many snow geese, and in the summer months ducks thrive … (0 comments)

find lancaster homes: Crossgates Golf Community in Millersville, PA - 05/08/07 11:39 PM

Crossgates Golf Community in Millersville, PA
You don't have to be a golfer to live in Crossgates Community in Millersville - but it doesn't hurt! Built by William Murry & Sons, Crossgates is nestled among rolling hills surrounding the Crossgates Golf Club. Crossgates Golf club is open to the public. The clubhouse overlooks the eighteenth hole, manicured grounds, and a beautiful pond with a fountain. On warm days you can get a reasonably priced meal or refreshments at the restaurant and eat outside on the deck overlooking the pond. There is also a nicely stocked pro shop.

Crossgates has an … (7 comments)

find lancaster homes: Lancaster County Average Home Prices Top $200k! - 05/08/07 07:52 AM

In a report for April, The Lancaster County Association of Realtors(R) noted a $200,996 average sale price in Lancaster County, an 8.9% increase over April 2006! This was despite a 3.4% decrease in the number of homes sold during the month (457 in April 2007 versus 473 in the same month last year). The April 2006 average price was $184,521.
New residential listings increased 16% to 906, although this indicator can be misinterpreted. While on one hand, new listings in the spring can indicate a robust market, it can also be a leading indicator of a high level of competition, which may minimize the … (0 comments)

find lancaster homes: Makeover of a Historic Lancaster PA Log Home - 05/07/07 10:22 AM

Makeover of a Historic Lancaster PA Log Home
I have always been enthusiastic about historic architectural styles and American history. In my career, I have personally restored 12 historic homes in Lancaster County, saving two from demolition. So it was was with great excitement that I showed this eighteenth-century Lancaster log home to one of my best clients, whom I have helped to purchased four previous investment properties.

My client was as enthusiastic as I was, and together we put together an offer. After some negotiation, we got the property under agreement. It needs to be restored, as there are … (2 comments)

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