Are you ready to invest in real estate?

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10 Signs You Are Ready to Invest in Real Estate

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When it comes to property investment, timing is everything. Ultimately, choosing the right time to enter the market will have a significant impact on the long-term success of your investment.

But how can you as an investor know whether the timing is right? Global property portal Lamudi has compiled a list of 10 tell-tale signs that now is the time to start building your investment portfolio.

1. You are financially ready. You have saved enough for the down payment and you have also established your emergency fund. You have taken into account home maintenance expenses. Your credit history is good and you are able to meet all the financial obligations.

2. You have set your long-term goals. You have a clear picture in your mind of the purpose of your investment and you are flexible enough to adjust to changing circumstances. You are not hesitant and when the timing is right, you are able to adapt to the market needs and the development of technologies.

3. You have done your research. You know the neighborhood of your future property well enough to foresee the coming trends and the possible changes in the community. You have researched all the schools in the area as well as the best commuting means and you are able to predict the next homebuyer’s needs.

4. You have chosen a stable economy. The area is financially stable, economic trends are promising and equities are surging. No demographic fluctuation or no irregular variation of population have been recorded in the area.

5. You understand the country’s policies regarding real estate. The policies of the region promote and encourage a positive, innovative environment as well as drive further economic growth. The tax policy in the country is positive for homeowners. Global innovation index is rising in the area.

6. Infrastructure projects are underway and likely to lead to an increase in property values. The infrastructure of the area is being developed with a focus on: transport, energy, solid waste and water management developments.

7. The region is moving toward sustainable development. The region’s awareness of global and local environmental issues is increasing, the demand for eco-friendly homes as well as for sustainable rural and urban development is rising. As more and more people head toward sustainable living, investing in sustainable property will increase its value in the future.

8. The location draws a lot of interest. Whether it is the best travel destination or the hot jobs spot, the location is always on the top of the search engine. It has become a successful startup hub already or is planning to do so in the coming years, driving a lot of job seekers into the area. The number of enrolled students is increasing every year and the area draws interest of international students.

9. You have found a reliable real estate agent. If you are an overseas buyer, it is particularly crucial to make sure you have a good representative on the ground. Your real estate agent is trustworthy and knows the local market well enough to be able to help you make the choice.

10. You have researched local differences in the property market. Whether you plan to invest in a residential property and turn it into a rental or an office space, you are fully aware of all cultural differences that might occur when you deal with a property seller.

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

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Havertown Market Updates- September 2014

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This month, the average number of days on market was 60, lower than the average last year, which was 77, a decrease of 22%.

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In September, the average sale price in Havertown was 97.7% of the average list price, which is 1.6% higher than at this time last year.

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Last September, the median sale price for Havertown Homes was $269,900. This September, the median sale price was $278,000, an increase of 3% or $8,100 compared to last year. The current median sold price is 19% higher than in August.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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Versus last year, the total number of homes available this month is higher by 33 units or 20%. The total number of active inventory this September was 200 compared to 167 in September 2013. This month’s total of 200 is higher than the previous month’s total supply of available inventory of 177, an increase of 13%.


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With relatively few transactions, there was a decrease in total units sold in September, with 30 sold this month in Havertown Real Estate. This month’s total units sold was lower than at this time last year, a decrease from September 2013.

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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.)

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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.
610-609-1096

 

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LONG & FOSTER CLAIMS NO. 2 POSITION IN PHILADELPHIA MARKET

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 www.LongandFoster.com.

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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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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

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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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