On today’s market, every savvy seller wants to know what turns buyers off, so they can get their homes sold as quickly as possible, for as much as possible. But buyers, take note – there is a minefield of seller turn-offs you can trigger that hold the potential to keep you from getting the home
Sellers whose homes have lingered on the market for months–or years, in some cases–are banking on this spring to turn the tide. Foreclosures and short sales are still flooding the market, which means many sellers are still up against big inventories and some big bargains that may pull away buyers. As such, more real estate pros
Have you ever wondered why there has not been an offer on your home yet? You may think your home is immaculate and the best place to live, but here is a list of six homebuyer turn-offs that can make buyers cringe at the thought of your home, and action steps you can take to
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FHA announced several changes in the Condo Project Approval process.  One important change was the elimination of “spot approvals” and that the entire project would have to be approved in order for a unit in that project to receive FHA financing.  Another major change that initially many didn’t realize the importance that each project would
Though the revised Standard Agreement (“ASR”) has been available for the better part of a year, there is still great confusion regarding the timeline established in the Inspection Contingency.  There are those who insist that when a buyer submits a corrective proposal, the timeline is stretched to 17 days, with no exceptions.  This is not

Mortgage Updates

Important numbers have been released from the Federal Reserve-first, the lending rate between banks will be held at 0 percent to 0.25 percent.  Second, the Federal Reserve announced they would going to put even more money into our sluggish economy. The Federal Reserve will purchase an additional $600 billion in long-term Treasury bonds over the
If you are a homebuyer or seller in the Philadelphia County, educate yourself about the market and important statistics for both homebuyers and sellers. Units sold in September 2010 were down 30% from 2009.  In September 2010, 722 units were sold, as opposed to the 2009 12-month average of 1,009. Active inventory is decreased by 1%
4 Must Knows for buyers who are in the market for a foreclosure property
Networking for Professionals presents Shakers and Stirrers, hosted by Kevin Toll on October 20, 2010 at Tavern 17 in Philadelphia, PA.
Today’s buyer is beginning their home search on the internet.  A buyer using a home search on the Internet typically selects a large price range, like $200,000 to $250,000.   The buyer usually selects a large geographic area, such as Montgomery, Chester and Delaware Counties,  and details like four bedrooms, two-and-a-half baths and two stories. The
The Concord Group real estate strategy firm predicts that with 18 months worth of housing inventory on the market, it will take until the first quarter of 2012 for demand for new homes to equal what it was in 2000. Concord Group calculates that new home sales in 2010 were 70 percent below peak demand
Showings in Philadelphia and the surrounding areas, (Montgomery County, Chester County, Delaware County) are up 24% in the 1st 13 days of October.  These showing numbers are exactly equally to the showing in the 1st 13 days of October in 2009.  This data shows us that the market is normalizing and more people are looking to buy
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