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??? [Read more...]
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.
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...]
Happy New Year! Here we are at the end of another year in Montgomery County. So how did the real estate market fair this year? Check out this end of year wrap-up video for the details. [Read more...]
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...]
We have been taught that when you see something that seems too good to be true, it usually is. Most of the time this is the case,however, this one is REAL! You see the advertisements about how you can buy a home with $0 money down, but you hear the media talk about how hard it is to get financing. How can this be? Is this just a bait and switch ad? No, it is very true and I will prove it! [Read more...]
The zip code was 19450. The town is called Mainland. Situate between Towamencin and Harleysville on Sumneytown Pike, Route 63, just off of exit 31 of the Northeast Extension of the PA Turnpike, this quaint, cozy little village had a daily traffic count of 22,000 cars a day. Pretty good exposure for a small town. Well, that has changed rather quickly! [Read more...]
Do you watch the news? All that you see about housing these days is how horrible the real estate market is. Why does everyone always focus on the negative? Oh yeah, ratings. They prey on the bads news; maybe in some weird way it makes us feel better about ourselves. However, what is happening in one neighborhood, in one city, in one state, does not represent what is happening across the country as a whole! [Read more...]
Do you think women are smarter than men? Well, according to Harvard’s Joint Study for Housing Studies, I may have to somewhat agree with that statement. [Read more...]
Looking for a fun place to take the kids? Look no further than the Park-Sci playground at Parkside Place in Upper Gwynedd Township!