Real estate blog entries tagged with condos by Nick Vandekar, 610-203-4543, Selling the Main Line & Chester County (Realty ONE Group Advocates 484-237-2055)

Home : Blogs : Nick Vandekar, 610-203-4543 : The Main Line and Chester County Real Estate Blog : Tag "condos"

condos: Main Line condominium buyers need help with your credit? - 01/21/15 05:02 AM

Main Line condominium buyers need help with your credit?
Condominiums are very popular with first time buyers on the Main Line because they generally have lower prices, maintenance is mainly covered under the condominium fee as often are many of the utility costs depending on the development.
Whilst credit is slowly easing, and buyers can get loans with 3% down, one of the biggest challenges for Main Line first time condo buyers is a low credit score for one of many reasons. Credit scores used by the mortgage companies and banks are based on a FICO score, FICO refers to the Fair … (2 comments)

condos: Old Forge Crossing Sales data for 2014 - 01/13/15 01:04 AM

Old Forge Crossing Sales data for 2014
2014 saw twenty two sales of homes in Old Forge Crossing and condominium development in Devon, PA, Tredyffrin Township. These range from 1 bedroom apartments to 2 bedroom town homes. Some of the second floor apartments have a den over the stairway which adds some square footage. There is a number of different floor plans and additionally some of the apartments have wood burning fireplaces as well. Old Forge Crossing is an FHA approved condominium association so FHA financing is available for buyers with limited funds. We currently have a one bedroom condo for sale … (0 comments)

condos: Check your insurance policy if you live in Old Forge Crossing - 01/07/15 01:39 AM

Old Forge Crossing owners need to check their insurance policies

Any home owner living in a development that has a condo or home owners association can be affected by changes made by the association. It is easy to leave yourself liable by missing making a change to your insurance policy because a change by the association is mentioned but not instigated right away.
Old Forge Crossing is looking at changing their insurance deductible limit in May and increasing it from $5,000 to $10,000 to reduce the insurance premium the association is paying. As a homeowner in Old Forge Crossing it … (0 comments)

condos: 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)

condos: Old Forge Crossing,Devon, PA 19333 - 08/19/14 09:25 PM

I have written many times about Old Forge Crossing in Devon PA.
Old Forge Crossing is a 40+ acre condo community, of one and two bed apartments and 2 bed town homes located in Tredyffrin Township, and is part of Tredyffrin Easttown School District. We have sold many homes for clients in here, helped clients purchase in here and have several investors who we have helped rent in here. This year we have sold several homes in a matter of days. I understand why, the community is delightful and I hope this short video does enough to interest you on owning a condo … (2 comments)

condos: Chesterbrook PA sales data for 2013 and prediction for 2014 - 01/22/14 01:07 AM

Chesterbrook PA is located in Tredyffrin Township in Chester County, although it has a Wayne, PA address. A mix of office space, shopping and single family, town homes and apartment living in different developments, it has stood the test of time remaining popular with buyers of all ages looking for a home close to the Main Line.

It has plenty of open space and connects to Valley Forge Park as well, with plenty of walking trails through out. Located just off Route 202, it provides easy access to the road system for commuters, with the PA Turnpike offering access … (0 comments)

condos: Old Forge Crossing tightens up investor ownership ratios - 09/12/13 02:39 AM

Over the years Old Forge Crossing has been relatively lenient towards investors, allowing owners who got transferred through work to rent their units easily. With the donwturn in the husing market and the need for condo complexes to be FHA approved, the levels of investor ownership has become a issue not just at Old Forge Crossing but at several local townhome and condo developments.
At the moment the ownership by investors in Old Forge Crossing is 38% and has never exceeded 40% however a recent change in the by laws will prevent the ratio of homeowners to investors going above 50%. So whilst … (1 comments)

condos: Old Forge Crossing sees uptick in sales - 01/23/13 02:08 AM

In the last week we have seen an uptick in sales in Old Forge Crossing, eight homes show as either being active or pending. Of these four are pending sales, two one bedroom units and two two bedroom units. For sale there is one one bedroom T shape unit on the second floor with no balcony, priced at $137,700. Two two bedroom units are for sale priced between $189,900 and $209,000, and finally one townhouse for sale priced at $214,900.
Condo fees for the one bedroom units is $220 and for the two bedroom units is $290. Located in … (0 comments)

condos: Old Forge Crossing for sale and rent - 01/14/13 03:27 AM

No homes came on the market for sale in Old Forge Crossing this week, but a town home, two beds with two and half baths on two floors did come on for rent priced at $1375. This is a very good rental value for an old forge crossing townhome. There is also a two bedroom second floor condo that we have the listing for on an inner courtyard location close to parking currently priced at $1400 a month. We will also soon be listing a one bedroom with den on the second floor for rent in a great location with a wonderful … (1 comments)

condos: Are you looking for an investment property to buy? - 01/09/13 02:38 AM

We list many properties along the Main Line. Some are obvious properties for investors, that is someone who is going to hold the property and rent it out over a period of time as opposed to being a real estate speculator who is simply doing a rehab and re-selling the property for more money.
Sometimes, a property is listed that is not an obvious property to buy for investment, such as a single family home, for which there is a lot of demand in the rental market, or for a condo either one bedroom or two.
Locally we have Old … (0 comments)

condos: Old Forge Crossing Market Report for 2012 - 01/03/13 04:18 AM

Old Forge Crossing, a condo development in Devon, PA, well located on N Valley Road, just off Route 202 in Tredyffrin Township and within the Tredyffrin Easttown School district. It consists of some five hundred plus condos, single bedrooms, single bedrooms with a den, two bedrooms with two baths, a few two bedrooms with a den and two baths and some townhouses with two bedrooms and two and a half baths on two floors. Condo fees currently run $220 for a single bedroom and $290 for a two bedroom condo, there is a capital fund contribution on the settlement of properties … (1 comments)

condos: Old Forge Crossing prices - 09/30/11 08:14 AM

We recently have had several clients decide to rent their units rather than try to sell them in the current market at Old Forge Crossing in Devon. Prices this year have really come under pressure, with one bedroom units now selling in the low to mid $130's, one bedrooms with dens selling for high $130's or low $140's and few if any two bedrooms selling at all, although there is one currently under agreement with a listing price of $210,000.
Rents are all over the place, depending on how updated the units are, the more updated the higher the rent. If … (0 comments)

condos: What a difference FHA approval for a condo development makes. - 09/28/11 05:25 AM

Many buyers and sellers don't realize thast condo developments have a specific FHA approval process for financing, in the past this was done by mortgage lenders but this year HUD has allowed the developments themselves to apply for approval. Why would they do this - value for their owners. Prices in many condo developments have been falling across the country and these older condo developments whilst having been approved for FHA financing in the past found their approvals expiring. Many did nothing to extend these approvals and HUD actually extended many automatically last year but even this extension has now expired.
… (1 comments)

condos: Old Forge Crossing update - 07/20/11 07:35 AM

There are currently 12 homes listed for sale in Old Forge Crossing.

8 singles, priced from $134,900 to $165,500, two of these also have a den so are second floor locations and there are 2, 2 bed 2 bath condos ranging in price from $165,000-$199,900. Plus there are 3 townhomes for sale, these are two floor homes, priced from $219,900 - $224,900. There are also two homes under agreement of sales a one bed with den and a two bedroom townhome. We currently have two homes listed for sale an end unit single in a very nice private location 5 Old Forge Crossing at $145,000 and a two bed two bath home 39 Old Forge Crossing … (0 comments)

condos: Bradford Hills and Bradford Crossing in Chesterbrook - 07/26/10 09:13 AM

Bradford Hills

Bradford Hills development in Chesterbrook consists of about 120 townhomes offering three, and four bedrooms. Several of the homes back up to Open Space. There is a condominium association that is run by a management association that takes care of outside maintenance, landscaping and common areas. Homes range in size from about 1,800 to 3,000 sq feet, with several different floor plans, some homes also have finished walk out lower levels. Many of the streets have military or revolutionary names, such as Constitution Ct. and Reveille Rd. Homes are typically selling for the low to mid $ 300's in here at the … (0 comments)

condos: Time flies to get the First Time Buyer Credit! - 07/30/09 03:29 AM

Time is flying fast to obtain the First Time Buyer Credit. Whilst there is plenty of inventory many buyers are being demanding making low offers and asking for seller assists or not making any choice, overwhelmed at the selection of homes on the market.
But, if you think it through you have to act soon. Most settlements take 45 days to settle from offers being made. Yes they canbe done more quickly but with the recent problems with appraisers, and mortgage underwriters taking their time to give mortgage commitments you need to act soon.
The credit disappears unless renewed by congress November … (0 comments)

condos: Old Forge Crossing 2 bed 2 bath updated condo - 06/05/09 07:57 AM

We just listed a 2 bed 2 bath inner courtyard 2nd story condo at Old Forge Crossing in Devon. Just steps from parking but with nice views into the courtyard this home has updated baths with ceramic tile to the ceilings, new sinks and toilets they look and feel like a luxury condominium, the kitchen has also been updated with new cabinets and stainless steel appliances. Don't forget the condo fees include pool and tennis fees, plus gas for the dryer, hot water and cooking. But why don't you just watch the video and see for yourself what great value this is … (0 comments)

condos: Would you buy this home? - 05/01/09 04:45 AM

Ann Capers one of our team members just took a new listing in Ardmore a two bed condominium on Glenn Rd that is on the second floor of the Carriage Arms building, a great location.
After measuring rooms and taking photos I wandered across Montgomery Avenue to Suburban Square, if you live in the area you know what a great shopping area this is filled with boutiques, art galleries, a great Farmers market and Trader Joe's along with restaurants, a Starbucks, Macy's along with many other specialist small shops as well. All within walking distance like the Main Line YMCA if you need … (0 comments)

condos: Old Forge Crossing homes available - 01/19/09 03:51 AM

There are currently 7 homes available in Old Forge Crossing in Devon, PA. This wonderful condominium development is well priced and equally well located. There are six one bedroom homes available, although one of these does have a small den as well and one two bedroom home that has just come on the market. Four of these have wood buring fireplaces, including the two bedroom home. Several of the single bedroom homes have been on the market a long time, one almost a year, two have been on the market for more than 120 days, whilst these have all had price … (0 comments)

condos: Old Forge Crossing August 2007. - 08/14/07 12:51 AM

After last year when we saw almost 50 homes in Old Forge sell this year has seen a marked reduction in sales. This year to date there are 3 homes for sale, two 1 bedroom units and a single 2 bedroom townhome. One home is pending and there have been 16 homes that have settled. Prices seem to have stabilised as well. Probably these two things are related, with less competition prices are not under so much pressure. On the other hand they also have not risen with less on the market. For more market information please go to Old Forge … (0 comments)

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