realtor advice: Really! You want what?
- 02/28/25 11:22 AM
Main Line and Chester County Home sellers ask what is reasonable for a buyer to ask for following a home inspection? Dealing with Inspection Requests is an art, not a science. Like any negotiation it requires knowledge of what each party is trying to achieve and a willingness to listen actively and ascertain what is possible and what is not. A home purchase is a multi stepped journey. First there is finding the right home, then a matter of negotiating a contract with price and terms acceptable to both parties. And then multiple other steps to closing. Then it is a matter of completing … (18 comments)
realtor advice: Is an adjustable rate mortgage right for you?
- 02/21/25 10:38 AM
There are many things to consider for buyers of Main Line and Chester County Homes and with the rise in interest rates one of the big questions being asked "Is an Adjustable Rate Mortgage Right for You?" So let's examine this and give you the information so you can feel confident about the decision you will make on what type of mortgage to use. Firstly the fixed rate mortgage is exactly that, the rate is fixed for the duration of the loan. You basically know what you will be paying for the term of the loan, the only part that might adjust is … (22 comments)
Not much to add here, other than inventory is still at historically low levels, but showings are down, contracts are down, days on market are rising, and sales price to list price ratio is dropping.
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realtor advice: Contingencies explained - What they mean for sellers
- 02/18/25 07:19 AM
Selling a home can be a grueling process, even in a market with low inventory and what has seemed like rising prices for the past couple of years. There are just so many facets to a transaction. Well Main Line and Chester County Residents relax, I am here to explain and help give you confidence to make the right decisions throughout the transaction. When you receive an offer it is made up of many parts, whilst most sellers look to the price first, there are many elements. These are called the terms of the offer. They may include the settlement date, whether … (11 comments)
realtor advice: How Professional Photography Sells Homes Faster
- 02/18/25 06:31 AM
Main Line and Chester County sellers looking to sell their homes are finding that professional photography sells their homes faster. As I was preparing to write this post, I wanted to use some non-professional photos, but I have been using a professional photographer for so long I actually could not find any in my files. A professional photographer can offer so many different benefits, from perfect balanced photos, 3D photo tours, drone photography that shows the setting of the home and even real video. Obviously using a professional photographer to provide the list of options above takes time and costs money. But, as … (18 comments)
realtor advice: What sellers need to know - The risks of overpricing your home!
- 02/17/25 09:03 AM
Overpricing your home can result in it not selling! Then you need to keep reducing the price and you end up in a spiral following the market down. For many years it has been a strong sellers market, with low interest rates and strong demand, sellers have seen multiple offers over asking. But while there is still a problem with low inventory, buyers are being hampered by strong interest rates compared to the last few years. Interest rates are now hovering between 6.5 and 7% and with inflation rising again they may not be dropping for sometime. High interest rates affect what buyers … (13 comments)
realtor advice: What happens to my earnest money deposit?
- 02/13/25 11:47 AM
When you buy a home it is common to make a deposit with your offer. This is called an earnest money deposit and it shows the sellers you are serious about buying their home. The amount varies by locality, in our area there are often two deposits, one with the agreement of sale, the offer, and a second after the inspection contingencies are completed. The total deposit used to amount to 10% of the purchase price, but with the rise in home prices 5% is more common nowadays. Sometimes if a quick settlement is offered there may only be one deposit. In Pennsylvania … (14 comments)
realtor advice: Why it matters where you live!
- 01/30/25 12:56 PM
There are many things to consider when buying a home and deciding on your "Must Haves and Deal Breakers". But before you consider these it is important to consider where you want to live and this post is going to consider why that is important. Most buyers have their list and they know in the current low inventory market they need to be flexible. And while there may be certain things driving where they want to live there are also a host of intangibles which they may not have considered deeply enough. A young family looking for a home may want to live … (17 comments)
realtor advice: Pricing your home right!
- 01/30/25 12:20 PM
Pricing a home for sale is a science and an art.Finding the right price for a home when listing it is important, overprice it and you may not get any showings. It is very true, buyers look at homes online first and most buyers are savvy enough to know when a home is overpriced as in this low inventory market they may have looked at and made offers on several homes already. Price it too low and buyers may wonder what is wrong with the house. As a seller, you may be thinking I want to use the agent who gives me the … (14 comments)
realtor advice: Why Curb Appeal Matters and How to Boost it This Spring
- 01/30/25 09:07 AM
Curb appeal is that magic component when a buyer or anyone views your home and says to themselves that is cute, gorgeous, lovely or words similar. It is what that first impression generates in their mind and everything else flows from there. If it is a positive vibe then they will be more positive about the house, but, if it is negative then they generally will be looking for things to confirm that first impression. However, good curb appeal can add thousands to the value of your home and Spring is the perfect time to refresh a home's exterior. For example, I was … (15 comments)
Main Line and Chester County Home sellers ask what is reasonable for a buyer to ask for following a home inspection?
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