Market Updates- Montgomery County- 3rd Quarter 2014 (Jul. – Sept.)

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The following is 3rd Quarter statistics provided by TREND on sales and pricing data in Montgomery County.

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Market Updates- Chester County – 3rd Quarter 2014 (Jul. – Sept.)


The following is 3rd Quarter statistics provided by TREND on sales and pricing data in Chester County, Pennsylvania.

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How’s your Curb Appeal?

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How is your curb appeal? If a potential buyer pulled up to the front of your house, does it give a good first impression? Curb appeal is very important to attract more buyers to your home, and increase the demand for your home when you are ready to sell.

Take a look at the video featuring Barbara Corcoran discussing simple ways to spruce up the curb appeal of your home. Hope you enjoy!

Your neighborhood specialist,

Kevin R Toll
Long and Foster Real Estate, Inc.


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Acquires Alliance, 14-office real estate brokerage in the Philadelphia region

Long & Foster Real Estate, the No. 1 independent residential real estate company in the United States, has joined forces with Alliance, a real estate franchise with 14 offices and nearly 800 agents in the Philadelphia area. Alliance, which was ranked as one of the nation’s top real estate brokerages in the 2014 Real Trends 500, will operate under the Long & Foster brand going forward.

Over the past few years, Long & Foster has focused on expanding its presence throughout the Delaware Valley and along the coast in Delaware and New Jersey. The company has attained a leadership position in Delaware, and it has grown significantly in New Jersey, where the firm now operates more than a dozen locations. With the acquisition of Alliance, as well as its strategic growth in Delaware and New Jersey, Long & Foster is well positioned as a leader in the Northeast real estate market—in fact, the combination of Alliance and Long & Foster brings Long & Foster to the No. 2 position in the Philadelphia market.

“Long & Foster is known for its unparalleled customer service and exceptional real estate professionals, and the entire Alliance team is excited to join a firm that’s known for helping home buyers and sellers to accomplish their dreams,” said Ron Clarke, chief executive officer of Alliance. “We’re ready to take advantage of all that Long & Foster has to offer, including its exclusive affiliation with Christie’s International Real Estate in our market, and we’re certain our agents and their clients will benefit tremendously from the training, marketing and technology support we’ll gain through Long & Foster.”

Going forward, Clarke, who has more than 25 years of experience in the real estate industry, will remain with Long & Foster. He will work in partnership with Bob Albanese, Long & Foster’s senior vice president and regional manager, in leading the company’s expanded Philadelphia region.

“At Long & Foster, we strive to bring together the best professionals in the real estate business—all in an effort to help our clients accomplish their homeownership dreams—and I’m confident that with Ron and the Alliance team now a key part of our company, we’ll find even greater success,” said Jeffrey S. Detwiler, president and COO of The Long & Foster Companies. “Additionally, buyers and sellers in the Pennsylvania real estate market will now get even more opportunities to work with a family-owned and operated company that’s not only the country’s leading independent brokerage, but also has a strong local connection and history.”

Founded over 15 years ago, Alliance provides a full range of services for buyers, sellers, builders and investors, including residential and commercial sales and rentals. The team also specializes in short sales and foreclosures, as well as investment properties, and they have provided relocation assistance to many individuals and corporations moving into and out of the southeastern Pennsylvania area. In addition to their expansive suite of real estate services, Clarke and his team bring to Long & Foster an award-winning history, having received many honors for exceptional service and sales achievements during the company’s history.

“Alliance is well known and well respected in our community, and I know that Ron and his team will make a great addition to our Long & Foster family in the greater Philadelphia region,” said Gary Scott, president of Long & Foster Real Estate. “Similarly, Long & Foster’s agent-focused approach will help ensure the Alliance team has all the marketing, technology and training support they need to reach not only their own career goals, but also their clients’ real estate objectives.

“Additionally, with our combined commitment to the local market and the strength of the Long & Foster brand, Long & Foster and the Alliance team will be able to build upon and expand the already high quality of support and services we offer home buyers and sellers throughout southeastern Pennsylvania.”

For more information, visit

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LaSalle Connections- Alumni Support and Business Opportunities

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Alumni relationships are very important to me. In my Havertown real estate office there are currently four LaSalle Alumni that are working on my team. I believe in giving back and supporting your community. That is why I choose to support LaSalle Explorers as a proud Alumnus of LaSalle.


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Havertown Day- Saturday September 27th

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Havertown Home for Sale- 200 Foster Ave- Chatham Park

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Click here to see more photos.

Welcome to this meticulously maintained Single Family Home in sought after Chatham Park neighborhood in lovely Havertown. Walk up the new steps, past the new front patio and into the front door of this 4 bedroom home. To the right you will find a very spacious formal living room which is currently being used as a playroom and sitting room. Just across the hallway is the formal dining room complete with chair rail and crown molding, spacious in size and enough room for a dining table that seats eight comfortably. Through the dining area you will find the beautifully done Kitchen complete with more than enough counter and cabinet space and breakfast bar that opens into the spacious family room. The newly tiled Kitchen flooring extends into the main floor laundry area and into the updated half-bath. Sliders lead to the great sized new fully fenced in back yard with back patio and custom fire pit making this the perfect spot for entertaining friends and family. There is also an outdoor shed for extra storage. Continue upstairs where you will find the large Master Bedroom with walk-in closet and Master Bath with updated shower piping. A spacious hall bath and 3 more good sized bedrooms complete the rest of this home. New Heater/Furnace System(2013), New Central A/C(2013), New Hot water Heater(2013), New Propane fireplace and Both floors of this home have been newly painted. Spacious floored attic for storage and very large Walk-In height crawlspace that stretches the entire length of the home for added storage space. Too many updates and upgrades to this home, you must see for yourself to truly appreciate! This is not one to miss out on, schedule your appointment today and make this house yours to call home!

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Havertown Housing Market News- August 2014


For August 2014 Havertown Housing Market news, click here. Screen Shot 2014-09-15 at 5.20.52 PM Screen Shot 2014-09-15 at 5.21.02 PM Screen Shot 2014-09-15 at 5.21.08 PM Screen Shot 2014-09-15 at 5.21.20 PM

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Now is the time to buy- Read more to find out why?

In a recent article from Housingwire and Brena Swanson she wrote about why now is the time to buy.

Here are some of her thoughts;

Winter brought a surprise polar vortex that fed into aspring home-buying season that didn’t produce astounding results, but the remaining month of summer and rest of the year are projected to finally produce strong housing activity, according to Redfin Chief Economist Nela Richardson.

“Homebuyers who have been willing to wait for better deals are starting to be rewarded for their patience, as sellers drop listing prices to meet buyers’ more value-focused expectations,” Richardson said.

“Two market developments in July are spurring this change in housing activity as the market transitions from the summer to the fall buying season,” she added.

1. Home-price slowdown

Home-price growth was mostly flat in July for the first time in five months, Richardson explained.

As Senior Financial Reporter Trey Garrison said Friday morning, home-price growth has slowed across the board, and Capital Economics says the slowdown will likely meet the company’s forecast for inflation to slow to 4% in 2015.

“Even we were a little surprised by the consecutive month-on-month declines in house prices during April, May and June on the new monthly Case-Shiller national measure,” said Paul Diggle, property economist with Capital Economics. “Echoing that message, the Case-Shiller 20-City measure of house prices fell during the latest two months.”

2. End of seller’s market

“The second is a shift in pricing power from sellers to a more balanced market. That shift has been nearly nine months in the making from when sales began to first decline last November,” Richardson said.

Back in October, HousingWire reported that sellers were starting to lose their dominance in the market, with 72% of surveyed agents describing now as a good time to sell compared to 86% in the second quarter of 2013.

“We expect the confluence of these two trends to drive an unusual surge in home sales this fall. We also expect prices to continue to flatten, and to potentially decline month over month in September or October. If that happens, it will be the first three-month price decline since the fall 2012,” Richardson concluded.


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100% Down Payment Gifting now available through Prosperity Mortgage

We all know that today’s home buyers want choices in home financing, especially first time homebuyers.  In the past, using 100% gift funds as a source for down payment meant buyers had to use FHA financing, they had no other choice even if they would otherwise qualify for a conventional loan.  We have changed that.   We have recently enhanced our guidelines to allow 100% gift funds as down payment on both FHA AND Conventional loans.  This will help you find and qualify more buyers and save them money when they qualify by avoid paying the higher PMI Costs that are associated with an FHA loan.

100% Down Payment Gift Financing Features:

  • ·        Entire down payment can be gifted by another person (with as little as 5% down conventional)
  • ·        Available on FHA and NOW Conventional Loans.
  • ·        Available for loans up to $417,000
  • ·        Available on 1 unit, Primary residences only


 Contact Jeremy Durkin with Prosperity Home Mortgage for more information.




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