This is a lovely winter we are having this spring, but I am not giving up hope. The spring real estate market is in full swing and more and more sellers are prepping their homes for the market. One way to get that curb appeal to peak condition is a good powerwashing of the exterior of the home. TLC Powerwashing is this week’s featured local business and they can help you get your home sparkling again! Just check out their work here.
Rent-to Own transactions consist of a tenant who cannot purchase a home at the time they enter into the lease for one reason or another and a seller who does not need to sell the home immediately, but still wants to sell. So the tenant/buyer decides they will rent the home until their situation changes where they can buy the home. But how does this actually turn out?
So how did the housing market fair in Montgomery County PA in 2014? The results are in and we continue to improve! Check out this video to see how this benefits you!
I think that we can all agree that this is the best time in history to buy a home. However, one of the main stumbling blocks in being able to do so is coming up with some savings for a down payment and/or closing costs. Although there are ways to buy a home with no money, the restrictions of these programs may not fit your needs. So here are some great ways to get your hands on the funds you need. [Read more…]
Fannie Mae and Freddie Mac both recently announced the return of the 97% Mortgage. That’s right, just a 3% down payment will get you into a new home, plus closing costs of course. Officially announced on December 8th, the two secondary mortgage giants stated they will start offering 97% LTV financing to homebuyers who could otherwise qualify for a mortgage, but may not have the resources for a larger down payment.
This March, I am celebrating 20 years of being a real estate agent. I have learned a lot in this business about real estate, finance, and more importantly, about people. One thing that is clear; real estate agents are a different type of animal. For the most part, I have met and been able to cooperate with many fine individuals in this industry who have also become my friends. However, with the perception that TV shows portray, and the thinking that this career path is easy & lucrative to anyone who can get their license, there are a few agents that I have come across that just seem to give the rest of us a bad name. Here are a few examples of what I am referring to. [Read more…]
The results are in! And 2013 was yet another year to show positive improvement in the Montgomery County real estate market. Check out this video where I go over the Montgomery County Market Statistics for 2013. [Read more…]
A NEW RECORD! I absolutely love a challenge. But this one will most likely be the standing record for some time. I am one of the few who tout what I believe to be the most phenomenal first time homebuyer program available, the USDA Rural Development Home Loan Program. This program allows a first time homebuyer to purchase a home with 100% financing. And in this case, just 0.72 cents! [Read more…]
Were you one of those buyers who remained on the fence for the last few years waiting for the bottom of the real estate market to hit? Did you think that interest rates had no chance of going up anytime soon? Well, I am sorry to be the one to let you know but you missed the first boat out of port. Just make sure you don’t miss the rest of the fleet!
The Shoppes of Harleysville Shopping Center in Harleysville, PA will be getting some new neighbors soon. Currently, there is a traffic light and the intersection of Route 113 and Park Avenue that also leads to the rear entrance of the shopping center that houses Walmart, Giant, Radio Shack, Harleysville Mattress, Great Clips, GNC Store, Zachs Pizza, JJ Asian Cuisine, and Parks Royal Cleaners. But there is a lot of land left at that location, and it will soon be filled up with more retail shops to serve the community.
Welcome to Montgomery County. A beautiful County filled with great people, tons of things to do, a perfect location close to the hustle & bustle of Philadelphia, weekend hikes & winter skiing in the Poconos, & a short drive to the beauty, peacefulness & tranquility of the Jersey Shore. It really is a great place to call home. However, Montgomery County has one of those black sheep, also shared with its neighbors in the Commonwealth. Real Estate taxes. What were they thinking when they came up with this system?
So you did the right thing. You were able to get pre-approved for financing and everyone tells you it is as good as buying with cash. Then you start looking at houses and your agent tells you that the property you want to see is ineligible for the type of financing you are approved for. What gives???
It’s smart, it’s legal, it varies with loan products, but a full seller assist (seller credit, seller concession, etc) may not be possible with certain properties. Before they met me, a client wanted to purchase a foreclosure in Montgomery County, PA. They were approved for a mortgage, they had the down payment, but their real estate agent said the bank would not provide a seller assist greater than 3% of the sale price, and they needed a 6% seller assist to cover their closing costs. The agent stated that that was out of the question and they could not make the numbers work. Well, they lost out on that opportunity and were referred to me by a past client of mine whom they had been complaining to about the scenario. So what can be done to overcome this problem in the future?
A Reverse Mortgage is one of the best financial tools out there today. It is amazing what you can do with them and the quality of life that can be had once they are put in place. There are many misconceptions that we will clear up and to start, here are some actual stories to review.
All this talk about a fiscal cliff on the news, in the paper (what is that), online, CNN, MSNBC, etc. So what is it, how does this affect you, your family, your finances? Chances are, one of these expiring tax breaks will affect you so here is a breakdown of what is going on. [Read more…]
When you are clicking through real estate web sites, real estate magazines, flyers and other ad mediums looking for Montgomery County homes for sale, I am sure you have come across many different styles of homes. Single family, town house, row home, twin home, carriage home, condominium, etc. You may have even come across town homes listed as condos, or even single homes as a condo. So what exactly is the difference?
I get this question frequently…exactly who can go on the deed to a property in Montgomery County PA. The answer is relatively simple….anyone! [Read more…]
Change, the one constant in life. Especially in the world of mortgages! I remember when we had “mirror-test” underwriting. Hold a mirror up to the borrower’s nose & if it fogs up, they get a loan! Well, those days are gone, as they should be. But unfortunately, certain regulators feel the way to correct things of the past are to make it more expensive. Makes sense, right? (sarcasm) [Read more…]
Over 18 years in this business and I set a new record, just $9.55 to buy a $225,000 home! No joke, Chris and Delia were able to buy a twin home in Harleysville with 3 bedrooms, 2 1/2 baths, a finished basement, and fenced-in back yard for just $9.55 out of pocket! [Read more…]