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

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selling the main line: Daylesford Lakes, Berwyn PA market Report 1/17/2013 - 01/16/13 09:21 PM

Daylesford Lakes is located in Berwyn PA, in Tredyffrin Township and students attend Tredyffrin Easttown Schools, the elementary school is Hillside located on Howelville Road, middle school is the T/E Middle School located on the corner of Cassatt and Conestoga Road and Conestoga is the High School for all T/E students.
Over the last six months 10 homes have sold varying in price from $336,500 for the lowest priced home to $ 565,000 for the highest priced home. Several of the homes also had significant seller assists to the buyers, some in the five figure range, see note below about home … (0 comments)

selling the main line: Waynesborough Woods, Berwyn, PA market Report 1/16/2013 - 01/16/13 05:21 AM

Waynesborough Woods is located in Berwyn in Easttown Township part of Tredyffrin Easttown School district . .
I looked up the mls for real estate activity in last six months. This is what I found :
There are 2 active listings The highest list price is $569,900 and lowest list price is $535,000.
There is 1 home pending settlement.
There were 2 homes that sold in last six months.
The highest sale price was $645,000 with a $2,000 seller assist and lowest list price was $445,000 with a $4661 seller assist. these were marketed for an average of 42 days.
If you are looking to sell … (0 comments)

selling the main line: Greens at Waynesborough market report January 2013 - 01/16/13 05:03 AM

As mentioned in several recent posts, the local market is suffering from a lack of inventory. In Chester County the inventory absorption rate has dropped to just over six months, implying if no more homes came on the market, every home currently on the market would take just over six months to sell. Whilst this is unrealistic it does indicate compared to last year when the rate was well above fourteen months how the market has changed.
This lack of inventory is well indicated by the recent statistics for the Greens at Waynesborough located in Berwyn in Easttown Township off route 252 … (0 comments)

selling the main line: Don't let a vacant home sit uninsured - 01/16/13 01:11 AM

It happens all the time, sellers move out and think their homeowners insurance which they have paid the premium on for years will cover their vacant home only to find after some disaster they are uninsured. There are so many reasons why a home can stand vacant today, the owner moves into a retirement home, possibly is relocated by a new employer, or have purchased a new home and are waiting for their current home to sell.
Many homeowners ask agents to check on their vacant homes once a week, but a pipe can burst or a blocked sewer pipe … (0 comments)

selling the main line: 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)

selling the main line: New listings in Chesterbrook - 01/14/13 03:08 AM

After commenting on the lack of inventory in Chesterbrook last week, two new listings came on the market. One on Witherspoon, priced at $205,000 went under contract almost at once, but has since come back on the market, and another on Headhouse Court priced at $224,000 came on as well, both are two bedroom homes, Witherspoon on one level, a ranch style home, rare in Chesterbrook and obviously of interest to buyers and the other over two floors, with a nice open floor plan and views of some open space behind the end unit town home.

There is still a lack of inventory in … (0 comments)

selling the main line: Should I wait? - 01/10/13 11:21 PM

Are buyers waiting for the Spring Market?
Homeowners are thinking right now should I list now or wait for the Spring Market? As mentioned in a recent post inventory levels for many townships, price ranges and developments are at very low levels, pending sales are high, indicating buyers are taking action, making use of the low mortgage rates and buying now.
So, if the buyers are not waiting for the Spring market, why should you? Contact us now and let's discuss the market for your home and if placing it on the market now makes sense.

If you think this … (6 comments)

selling the main line: 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)

selling the main line: Single Family homes in Main Line Townships not out of range for buyers - 01/08/13 12:28 AM

Single family homes in many Main Line Townships have the reputation for being out of the range for first time and repeat buyers, but is this really true?

I pulled up this morning three homes in Tredyffrin, Easttown and Radnor to see what the lowest price home might offer. Many first time buyers desire to be in one of these townships because of the school districts, Tredyffrin and Easttown share T/E school district and Radnor obviously has the Radnor School District which covers homes in the following postal addresses, Radnor, Wayne, some of Villanova, Rosemont and Bryn Mawr.
Whilst the cheapest … (0 comments)

selling the main line: Not one but two New Rental listings Old Forge Crossing, Devon PA 19333 - 12/03/12 07:08 AM

We have just listed two new rental listings in Old Forge Crossing. Both are similar two bed two bath condos on the second floor with just under 1000 square feet of space. Priced at $1400 per month these are excellent value when you consider each bedroom is basically $700 a month. Both have private entrances and their own laundry areas within the condo. Old Forge located on 40+ acres has walking trails, a pond, swimming pool and tennis courts. Condo fees paid by the landlords include gas for cooking, the dryer and the hot water, as well as water, pool access, … (0 comments)

selling the main line: Main Line Home Prices qtr 3 2012 - 10/26/12 04:50 AM

There has been lots of positive news in the last few weeks regarding the housing market. We commented on this and how we are seeing multiple offer situations develop and a real lack of inventory at specific price points in Main Line townships. Every quarter we try to show you the market compared to prior years so youcan see how the market is doing in our area. We use a square foot price methodology and also show days on market as well as the ratio of the last listing price to the obtained sales price.

You can see that … (0 comments)

selling the main line: Wall paper with style making an appearance - 10/24/12 05:59 AM

I had read recently that wall paper was making a comeback as people move away from just paint, but had not seen any evidence of this whilst looking at homes with customers or visiting brokers opens till this week. Mostly, what I was seeing was old paper, often peeling at edges and with old fashioned patterns and color ways leaving you with a dated feeling which may be great if you are a TV producer looking for a home in which to film, but for todays buyer a definite turn off.

However, yesterday I visited two homes, both with wallpaper that … (3 comments)

selling the main line: Main Line market report - 10/15/12 05:21 AM

The market for homes on the Main Line outside of Philadelphia is seeing every month a reduction in the inventory of homes available. All this year the supply of homes for sale has been reducing every month. At the beginning of the year it was at a 14 and 15 months supply, this past month it has dropped to just above 8.

We are having a hard time finding homes for clients in some price ranges, and we are hearing of multiple offers on many of the homes going under agreement. Because of this prices have firmed and even risen in … (0 comments)

selling the main line: Historic Chester County property right in Berwyn - 10/08/12 08:07 AM

Upper Stream Farm in Berwyn is a unique and historic property built on four point eight acres out of five hundred acres originally owned by William Penn and deeded to William Mordant in 1681. On the property is the oldest bank barn in Chester County. We got the chance to tour the property today with the listing agent and get some shots of this fabulous barn. The property is zoned commercial so there are some great uses this property can be put to, maybe an antique store, or a destination wedding location, the property has its on pub located in … (0 comments)

selling the main line: Chester county Barn - 10/07/12 04:02 AM

This barn sits next to a property in Chester County built in 1771, that is before the Declaration of Independence. Was the barn built then? Not sure if it is that old, but certainly nice to see.

… (0 comments)

selling the main line: 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)

selling the main line: 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)

selling the main line: 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)

selling the main line: 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)

selling the main line: 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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