Tredyffrin Easttown PA Real Estate Market 11/30/11
December 4th, 2011 categories: A Realtors Life, Chester County, Home Buyers, Home Sellers, Market Trends
Tredyffrin 
- Easttown Township Real Estate Market Report as of November 30, 2011
Median Sold and For Sale Prices Tredyffrin/Easttown Township:
- Comparing November of 2010 to November of 2011, shows that the Median Sold price was up 14.5% from $380,000 to $435,000 in 2011, while
- the Median For Sale Price was down only .2% from $449,950 to $449,000.
- Our local Tredyffrin Easttown homes under contract compares favorably with the National Pending Home Sales Index for the month of October 2011. Updated stats will be available the end of this month.
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3 Ways Real Estate Is Like Scrabble
July 26th, 2011 categories: A Realtors Life, Chester County, Fun Things To Do, Home Buyers, Home Sellers
Scrabble and Real Estate
Perhaps you love to play Scrabble AND you have a penchant for the world of real estate like me. As a child I spent many happy Summer days playing marathon games of Monopoly with family and friends. And even today, a few running games of Scrabble on my iPhone helps keep the mental juices flowing. Now I would be the first person to acknowledge that I cringe whenever I hear someone refer to the “game of real estate”. Somehow it always makes me think of those sleazy get rich quick guys on late night TV.
We never want to think about buying or selling a home as a game, since it’s one of the most important financial and emotional events in our lives. But here are some similarities to both events that might give a little insight by way of comparison:
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Home Buyer Tax Credit Done When Obama Signs
November 5th, 2009 categories: Financial, First Time Home Buyers, Home Buyers, Home Sellers
Expanded Home Buyers Tax Credit Voted Up By Senate and House Today
Just today the United States House of Representatives voted 403-12 to extend and expand the Home Buyers Tax Credit.
The National Association of Realtors has provided this helpful document summarizing the details of the new Home Buyers Tax Credit.
Following the 48-0 vote by the United States Senate yesterday, and remembering our civics lessons, the Home Buyer Tax Credit will become law effective on the date that President Obama signs the bill. Read the rest of this entry »
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First Time Home Buyer Tax Credit Cliff Hanger
October 30th, 2009 categories: Financial, First Time Home Buyers, Home Buyers, Home Sellers, Market Trends
First Time Home Buyer Credit Cliff Hanger . . . To Be Continued!
The Senate is working on approving The First Time Home Buyer Tax Credit Extension. Part of the proposal is to Expand The Home Buyers Credit for existing home sellers/home buyers but so far there is no Senate Vote. Possibly next week there may be a vote ready to go to the House and from there who knows?
From Soap Operas like Days of Our Lives (“tune in tomorrow for the next exciting episode”), to Dallas, we’re drawn to cliff hangers. Who didn’t tune in to find out, Who Shot JR? Read the rest of this entry »
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Tredyffrin Third Quarter Real Estate Absorption
October 20th, 2009 categories: A Realtors Life, Chester County, Financial, Home Buyers, Home Sellers
Mops, Sponges and The Months Supply of Inventory
The Third Quarter Tredyffrin Real Estate Absorption Rate is looking more like a normal real estate market instead of one drowning in inventory.
Some months I have felt like I needed a huge mop to soak up the excess inventory. And in some markets that’s still the image that resonates.
But here in Tredyffrin Township for the Third Quarter Real Estate Market, we’re showing signs of recovery. The months supply of inventory is down to 5.6 months. Keep in mind that the MSI and the Absorption Rate is based on the assumption that no new inventory is coming on the market, which is never the case.
The Months Supply of Inventory and Absorption Rates are averages, so there are definitely properties selling within days and even some with more than one offer and others, especially in luxury home price ranges, that are languishing. Read the rest of this entry »
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Tredyffrin Real Estate September 09 Market Report
October 16th, 2009 categories: Chester County, Home Buyers, Home Sellers, Market Trends
Good New For The Tredyffrin Real Estate Market? Should I take my Listing off the market for the holidays?
As the Market Dynamics for Tredyffrin Township show, all of the Median Price indicators are down for September 2009 as compared to September 2008 and September 2007.
While it’s painful to write that all of the Median Price indicators are down, we could view these statistics as a positive indicator. Read the rest of this entry »
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iPhone 15 Must Have Apps For Real Estate Agents
October 5th, 2009 categories: A Realtors Life, Fun Things To Do, Home Buyers, Home Sellers, Lifestyle
Judy Peterson’s 15 Must Have iPhone Apps For Real Estate
So here I am now 4 months into in-tech love with my iPhone. I keep rewriting this post about how wonderful the iPhone is for Real Estate Agents. And the reason for the constant editing is that it seems that every day I find another great App that comes onto the market that’s helpful to Realtors® in the daily practice of real estate.
It’s an awesome Christmas morning feeling when I see that little update light go on telling me that there’s a new exciting feature for one of my Apps. One of life’s simple pleasures!
Now, I have some good friends that I respect. They have brand x phones or hand helds. Are you a Realtor with a brand x phone/hand held?
Give it away. Or sell it to your friend, sister, brother or neighbor who is not in real estate and get an iPhone. Do I really mean that? I do. Read the rest of this entry »
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Tredyffrin Real Estate August 2009 Report
October 2nd, 2009 categories: Chester County, Financial, Home Buyers, Home Sellers, Market Trends
There are no shortage of opinions about our current real estate market. Just about everyone has become a real estate prognosticator.
I will say that I’ve never seen anything quite like this market in my 18 years as a Realtor. More than usual, the Buyers and Sellers appear to be marching to the beat of a different drummer. This is apparent in the disconnect between the August increase in the Median For Sale Price and the drop in the Median Sold Price and Under Contract Price.
From the 5% median For Sale price increase of $439,900 over the August 2007 Median For Sale Price of $419,500 to the 6% Median Sold price drop ($435,000) in August 2009 as compared to August 2007 Median Sold Price ($462,450), it appears that, at least here in Tredyffrin Township, Buyers and Sellers perceive the market direction very differently. Read the rest of this entry »
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Regulation Z Revised TILA Disclosure
September 2nd, 2009 categories: Financial, Home Buyers, Home Sellers
The Truth In Lending Act of 1968 (TILA 1968), also known as Regulation Z was designed to protect consumers by requiring full disclosure of all lending fees to a potential buyer prior to purchase and settlement.
How Will Amended Regulation Z Changes Affect Buyers and Sellers?
Regulation Z has recently been amended, and will apply to loan applications filed on or after July 30, 2009. It’s a law and a fairly complex one at that. I included the full amended link here.The tiny print just reminds me to get my eyes checked.
“Say What?” is a fairly common response to the question of, “How are you preparing to respond to the new provisions of Reg Z?
Highlights of Regulation Z Changes Effective July 30, 2009:
Here are the simple bare bones highlights of the Regulation Z changes. And just for fun let’s start with the “fly in the ointment” provision in item 3 below, since not all readers will bother clicking to the second page (you know who you are 
.
- Your Lender must give you a TILA good faith estimate within 3 business days after you apply for a loan. No other fees except for a credit report can by collected by your Lender at this time.
- There is a 7 day waiting period before you can close on a property, after you receive your TILA good faith estimate, known as the “early disclosure” period.
- If the annual percentage rate (APR) changes by .125 percent, your lender is required to give you, the borrower, a new TILA Disclosure AND the Lender and the Borrower must wait an additional 3 Business Days before closing the loan. As a borrower you need to know that the Annual Percentage Rate includes other costs related to settlement, not just the interest rate. Think about that for a minute, an Read the rest of this entry »
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First Time Home Buyer Tax Credit 2009 Update
July 9th, 2009 categories: Chester County, Financial, First Time Home Buyers, Home Buyers
Still Sitting On The Fence With Your Home Ownership Dreams?
If you’ve been puzzled and sitting on the fence when it comes to your home ownership dreams 
all I can say is ouch! Now is the time to get off of the fence and take advantage of this opportunity for your potential First Time Home Buyers $8,000 Tax Credit*.
We all crave our own space, good neighbors to share a back yard barbecue with, a place for the kids, some flowers and a few tomato plants. Many of my first time home buyers can’t wait to say goodbye to “broker beige” and decorate in their favorite colors to express their personal style.
Check out my 7 Point First Time Home Buyers Quick Summary and let me know what you think? You might be looking forward to investing instead of throwing money away on rent. Our homes were never meant to be banks, but even with our current challenges in the financial and housing market, home ownership has Read the rest of this entry »
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