Just want to pass along my two new listings for anyone looking to buy in the Norristown, PA Montgomery County area. 1) 10 Sawmill Run Norristown, PA 19401 2) 1441 Astor Street Norristown, PA 19401 Tax credit ends this friday…schedule an appointment and get your $8,000!
Since the tax credit was originated I have had the opportunity to work with many great first-time home buyers in Chester County and the surrounding areas. What I have learned about these property virgins is that they all are very similar. Here is what I have learned about working with First-Time home buyers that will probably surprise anyone. Most Are Married. Most of the first-time home buyers are married (49 percent). Single females comprise a quarter of the first-time home buyers, and single males account for just 12 percent. They’re Young. More than half, 53 percent, are between the ages of 23 and 34. About 12 percent are younger than 23 years of age. They’re Diverse. About 22 percent are from a minority group, compared with 13 percent of repeat buyers. Less than 10 percent speaks a language other than English. And 12 percent were not born in the United States. They Like The Suburbs. Surprisingly 52 percent of first-time home buyers purchase in the suburbs, with only 22 percent... [Read more...]
Since the year begun I have had the opportunity to acquire a few eager investors in Chester County looking to purchase mulit-family units. For most of today I previewed a handful of properties and I am now convinced these type of properties are a gold mine! If you are looking to invest in real estate focus on opportunities that will be rewarding and most importantly smart. There are many ways to get started in real estate investing. For the beginner, a good strategy might be to purchase a multi family unit to rent out. Four families or less per building is the ideal size to look for. This will allow you to still acquire a building with a residential mortgage, taking advantage of the lower interest rates. Here are some great reasons why investing in a multi family building can be less risky than other types of housing. First is competition. There are going to be more investors going after those single family houses. This can drive the price of those houses up to a point where they will... [Read more...]
We are about a month and half a way from the tax credit officially coming to an end and buyers are scrambling to find a house. With buying a house comes the responsibility of coming up with a sizeable down payment. Well PHFA has made that a little easier for all you first-time homebuyers with a tax advance loan. Here are the details: Why PHFA Authorized The Tax Credit Advance Loan Program? Only first-time home buyers can qualify for this federal tax credit. These first-time buyers are eligible for an $8000 tax credit. This tax credit is paid through the 2010 tax return if the house was purchased in 2009. This Advanced Loan Program enables buyers earlier accessibility to their tax credit, due to the actions of the PHFA, intending to better serve Pennsylvania home buyers. This PHFA tax credit advance loan program is not guaranteeing anything, but is intended not to require any loan payments or interest charges until June 2010. This should allow enough time for the home buyer to receive his... [Read more...]
With the weather now changing and sellers eager to get their home off the market a great open house will be the key to getting that property sold. Spring is right around the corner and in chester county especially there are alot of buyers that will be actively seeking a great open house to go too. Sellers here are a few tips that you could use to spice up your home for the busy season approaching. If you’re trying to sell your house, there are some things that you can do to help make sure that your home makes the best appearance possible for your visitors. The very first and foremost task is to give your home a good, thorough cleaning. If you want to leave an outstanding impression on the minds of your prospective home buyers, then you must make your home appear outstanding as well. If for any reason you don’t have the time to do such a thorough cleaning job, then investing in a house cleaning service will be money that is well spent. An enemy of successful open house showings is... [Read more...]
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This Chester County DropRealty includes issues and information of for those interested in the real estate market in the Chester County area. Local real estate professionals are invited to participate and contribute to the blog. If you would like to write a post in the blog please let us know using the "Contact" link above or by stating your interest in a comment on one of the existing posts.