is this the housing statistic actiivity since Jan 1st 2009 in the sub-division known as Stewartstown Station in York County PA. It is located just outside of Stewartstown, PA and located within the Southeatern School District.
Current "active listings" as of November 23rd - 4 homes are listed begiining at $244,900 and the top price os $289,900.
Homes that have sold as of th 1st of 2009:
14 homes have had the deeds transferred, sold prices ranged from $169,900 to $300,000.
If you compare this year statistics to the same time period in 2008 you will find that 7 homes sold that year from $229,900 to a high of $305,000.
Monday, November 23, 2009
Thursday, November 19, 2009
Haines Acres Home Sales Statistics
Below are the current Homes for sale in york pa that have either been sold, pending or are currently active in the Haines Acres Neighborhod. The date range begins May 1st thru November 19, 2009. The statistics have gome from the Realtors Assocaiation of York and Adams Counties.
LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$389,900 $55,000 $200,873 $176,250 $7,030,562
$285,000 $147,500 $202,845 $188,450 $4,056,900 35
336 1 82 40
Appraiser Spreadsheet
MLS # StatusType Schl Dist Address City BRFBHBTtl Fin SF Tot Acre L/P S/P ClsPdBySlrDOM
20906351 PND DET York Suburban 730 Edgewood Rd York 2 0 0 735 0.260000 $55,000 156
20907560 SOLD DET York Suburban 1021 Sundale Dr York 3 1 1 1449 0.231400 $157,900 $147,500 35
20908696 SOLD DET York Suburban 2465 Cambridge Road York 3 1 0 1962 0.206600 $149,900 $148,000 3000.00 61
20904832 SOLD DET York Suburban 212 Greystone Road York 3 1 0 1260 0.143500 $152,400 $149,500 0.00 55
20902035 SOLD DET York Suburban 901 HAINES ROAD YORK 4 2 0 2174 0.354100 $159,900 $154,900 3199.91 145
20814023 SOLD DET York Suburban 2479 Auburn Road York 3 1 0 1513 0.330600 $159,000 $157,000 5000.00 201
20905227 SOLD DET York Suburban 2478 Crystal Lane York 3 1 1 1391 0.198300 $163,000 $158,000 108
20909307 SOLD DET York Suburban 2570 Raleigh Drive York 3 1 1 1992 0.212000 $157,900 $160,000 6100.00 23
20910223 PND DET York Suburban 501 Erlen Drive York 3 2 0 1952 0.234200 $162,500 37
20911516 PND DET York Suburban 2545 AUBURN ROAD YORK 3 1 0 1618 0.220000 $162,900 4
20903782 SOLD DET York Suburban 2456 Bradford Drive York 3 2 0 1716 0.206600 $165,000 $165,000 7500.00 5
20812788 PND DET York Suburban 2512 Brighton Drive York 4 2 0 2548 0.248000 $165,512 297
20911688 ACT DET York Suburban 2661 Cambridge Rd York 4 2 0 1302 0.213500 $169,900 30
20910627 PND DET York Suburban 970 Sundale Drive York 3 1 1 1391 0.247900 $169,900 15
20912395 ACT DET York Suburban 2800 Eastwood Drive York 4 2 0 1911 0.247700 $174,900 10
20911884 ACT DET York Suburban 2456 Wharton Road York 3 1 1 1580 0.214600 $174,900 24
20910982 PND DET York Suburban 2457 Eastwood Dr York 3 1 1 1963 0.217200 $174,900 32
20911698 ACT DET York Suburban 550 Sundale Drive York 3 2 0 1674 0.239700 $176,250 30
20911404 PND DET York Suburban 480 Ardmore Lane York 4 2 1 2332 0.300000 $179,900 8
20906140 ACT DET York Suburban 2464 Schoolhouse Lane York 3 1 1 1957 0.212100 $179,900 177
20906101 SOLD DET York Suburban 770 Erlen Drive York 3 1 1 2323 0.234200 $187,900 $184,000 336
20906433 SOLD DET York Suburban 3230 Dorsett Lane York 3 2 0 1644 0.300000 $184,900 $184,900 23
20909421 SOLD DET York Suburban 491 Maywood Road York 4 1 1 1726 0.288500 $214,900 $192,000 14
20911514 ACT DET York Suburban 2541 Raleigh Dr York 3 2 0 1444 0.200000 $199,500 40
20907546 SOLD DET York Suburban 445 Ivory Road York 3 2 1 1659 0.260000 $214,900 $214,900 21
20903393 SOLD DET York Suburban 2965 FORREST LANE YORK 4 2 1 2647 0.270000 $249,900 $235,000 0.00 57
20903952 SOLD DET York Suburban 2870 Forrest Lane York 3 2 0 2677 0.276100 $249,900 $249,000 1
20814040 SOLD DET York Suburban 2 Hunting Park Court York 3 2 1 2609 0.650500 $249,900 $249,900 7497.00 177
20902130 SOLD DET York Suburban 510 Ardmore Lane York 4 2 1 2674 0.266400 $277,900 $250,000 173
20908262 SOLD DET York Suburban 730 Plymouth Rd. York 4 2 1 2721 0.266900 $259,900 $252,500 51
20909067 SOLD DET York Suburban 520 Ardmore Lane York 4 3 1 2780 0.267000 $259,900 $259,900 5000.00 15
20903877 SOLD DET York Suburban 830 PINEHURST ROAD YORK 5 2 2 3368 0.378700 $259,900 $259,900 10000.00 114
20900679 SOLD DET York Suburban 990 Melrose Lane York 3 2 0 2254 0.315000 $299,900 $285,000 116
20905950 ACT DET York Suburban 3220 Forrest Lane York 5 2 1 2875 0.264500 $319,900 175
20908669 ACT DET York Suburban 3280 Forrest Lane York 4 3 1 4313 0.676000 $389,900 108
Disclaimer
This information is deemed reliable, but not guaranteed
LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$389,900 $55,000 $200,873 $176,250 $7,030,562
$285,000 $147,500 $202,845 $188,450 $4,056,900 35
336 1 82 40
Appraiser Spreadsheet
MLS # StatusType Schl Dist Address City BRFBHBTtl Fin SF Tot Acre L/P S/P ClsPdBySlrDOM
20906351 PND DET York Suburban 730 Edgewood Rd York 2 0 0 735 0.260000 $55,000 156
20907560 SOLD DET York Suburban 1021 Sundale Dr York 3 1 1 1449 0.231400 $157,900 $147,500 35
20908696 SOLD DET York Suburban 2465 Cambridge Road York 3 1 0 1962 0.206600 $149,900 $148,000 3000.00 61
20904832 SOLD DET York Suburban 212 Greystone Road York 3 1 0 1260 0.143500 $152,400 $149,500 0.00 55
20902035 SOLD DET York Suburban 901 HAINES ROAD YORK 4 2 0 2174 0.354100 $159,900 $154,900 3199.91 145
20814023 SOLD DET York Suburban 2479 Auburn Road York 3 1 0 1513 0.330600 $159,000 $157,000 5000.00 201
20905227 SOLD DET York Suburban 2478 Crystal Lane York 3 1 1 1391 0.198300 $163,000 $158,000 108
20909307 SOLD DET York Suburban 2570 Raleigh Drive York 3 1 1 1992 0.212000 $157,900 $160,000 6100.00 23
20910223 PND DET York Suburban 501 Erlen Drive York 3 2 0 1952 0.234200 $162,500 37
20911516 PND DET York Suburban 2545 AUBURN ROAD YORK 3 1 0 1618 0.220000 $162,900 4
20903782 SOLD DET York Suburban 2456 Bradford Drive York 3 2 0 1716 0.206600 $165,000 $165,000 7500.00 5
20812788 PND DET York Suburban 2512 Brighton Drive York 4 2 0 2548 0.248000 $165,512 297
20911688 ACT DET York Suburban 2661 Cambridge Rd York 4 2 0 1302 0.213500 $169,900 30
20910627 PND DET York Suburban 970 Sundale Drive York 3 1 1 1391 0.247900 $169,900 15
20912395 ACT DET York Suburban 2800 Eastwood Drive York 4 2 0 1911 0.247700 $174,900 10
20911884 ACT DET York Suburban 2456 Wharton Road York 3 1 1 1580 0.214600 $174,900 24
20910982 PND DET York Suburban 2457 Eastwood Dr York 3 1 1 1963 0.217200 $174,900 32
20911698 ACT DET York Suburban 550 Sundale Drive York 3 2 0 1674 0.239700 $176,250 30
20911404 PND DET York Suburban 480 Ardmore Lane York 4 2 1 2332 0.300000 $179,900 8
20906140 ACT DET York Suburban 2464 Schoolhouse Lane York 3 1 1 1957 0.212100 $179,900 177
20906101 SOLD DET York Suburban 770 Erlen Drive York 3 1 1 2323 0.234200 $187,900 $184,000 336
20906433 SOLD DET York Suburban 3230 Dorsett Lane York 3 2 0 1644 0.300000 $184,900 $184,900 23
20909421 SOLD DET York Suburban 491 Maywood Road York 4 1 1 1726 0.288500 $214,900 $192,000 14
20911514 ACT DET York Suburban 2541 Raleigh Dr York 3 2 0 1444 0.200000 $199,500 40
20907546 SOLD DET York Suburban 445 Ivory Road York 3 2 1 1659 0.260000 $214,900 $214,900 21
20903393 SOLD DET York Suburban 2965 FORREST LANE YORK 4 2 1 2647 0.270000 $249,900 $235,000 0.00 57
20903952 SOLD DET York Suburban 2870 Forrest Lane York 3 2 0 2677 0.276100 $249,900 $249,000 1
20814040 SOLD DET York Suburban 2 Hunting Park Court York 3 2 1 2609 0.650500 $249,900 $249,900 7497.00 177
20902130 SOLD DET York Suburban 510 Ardmore Lane York 4 2 1 2674 0.266400 $277,900 $250,000 173
20908262 SOLD DET York Suburban 730 Plymouth Rd. York 4 2 1 2721 0.266900 $259,900 $252,500 51
20909067 SOLD DET York Suburban 520 Ardmore Lane York 4 3 1 2780 0.267000 $259,900 $259,900 5000.00 15
20903877 SOLD DET York Suburban 830 PINEHURST ROAD YORK 5 2 2 3368 0.378700 $259,900 $259,900 10000.00 114
20900679 SOLD DET York Suburban 990 Melrose Lane York 3 2 0 2254 0.315000 $299,900 $285,000 116
20905950 ACT DET York Suburban 3220 Forrest Lane York 5 2 1 2875 0.264500 $319,900 175
20908669 ACT DET York Suburban 3280 Forrest Lane York 4 3 1 4313 0.676000 $389,900 108
Disclaimer
This information is deemed reliable, but not guaranteed
Wednesday, November 11, 2009
Help Others Have a Merry Christmas!!
44 days and counting! Are you ready for all the holiday shopping? Please don't forget the Toys for Tots Program this year when you are looking over you list. At Professional Realty Associates located at 3921 East Market Street, the Pilgrim Team has a drop off box to collect any new toys you would like to donate to less fortunate children. This is a very worthwhile project and I know it would make your heart feel warm, and it would especially warm the hearts of all the youngsters who receive these gifts on Christmas morning! You can visit the Pilgrim Team website at http://www.pilgrimteam.com/ for more information. Have a happy holiday season!
Thank a Veteran Today!
Honor those who fought for us and those who served our country!
Take the time to "Thank a vet" for their patriotic sacrifice for country.
So remember each time you see someone who has served our country. When you see one just lean over and say Thank You.
That's all most people need, and in most cases it will mean more than any medals they could have been awarded or were awarded.
Two little words that mean a lot, "THANK YOU".
As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them. ~John Fitzgerald Kennedy
Take the time to "Thank a vet" for their patriotic sacrifice for country.
So remember each time you see someone who has served our country. When you see one just lean over and say Thank You.
That's all most people need, and in most cases it will mean more than any medals they could have been awarded or were awarded.
Two little words that mean a lot, "THANK YOU".
As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them. ~John Fitzgerald Kennedy
Sunday, November 08, 2009
Home Sales in York CentralSchool District
RESIDENTIAL/FARMS
Detached
Central
20903028 3304 Stone Ridge Road $99,900 $101,000 101% 174
20908359 962 WILLOW RIDGE DRIVE $248,000 $250,000 101% 40
20908610 727 N GEORGE STREET $109,900 $99,900 91% 26
20908987 235 Edgewood Rd $149,900 $155,000 103% 7
20910148 2925 Meadowbrook Blvd $140,000 $140,000 100% 7
20910785 2520 Mt. Zion Road $89,900 $89,900 100% 14
Totals $837,600 $835,800 100% 45
Semi-Detached
Central
20907476 1207 N DUKE ST. $119,000 $99,500 84% 78
20909722 26 E EIGHTH AVENUE $75,900 $74,900 99% 30
Totals $194,900 $174,400 89% 54
Condo/Townhouse
Central
20814291 68 Lexton Drive $110,000 $99,000 90% 244
20906825 3628 Pleasant Valley Road $159,900 $148,000 93% 73
20907359 1683 Long Drive $79,900 $77,900 97% 350
20907379 336 BRUAW DR $149,900 $119,900 80% 50
Totals $499,700 $444,800 89% 179
Detached
Central
20903028 3304 Stone Ridge Road $99,900 $101,000 101% 174
20908359 962 WILLOW RIDGE DRIVE $248,000 $250,000 101% 40
20908610 727 N GEORGE STREET $109,900 $99,900 91% 26
20908987 235 Edgewood Rd $149,900 $155,000 103% 7
20910148 2925 Meadowbrook Blvd $140,000 $140,000 100% 7
20910785 2520 Mt. Zion Road $89,900 $89,900 100% 14
Totals $837,600 $835,800 100% 45
Semi-Detached
Central
20907476 1207 N DUKE ST. $119,000 $99,500 84% 78
20909722 26 E EIGHTH AVENUE $75,900 $74,900 99% 30
Totals $194,900 $174,400 89% 54
Condo/Townhouse
Central
20814291 68 Lexton Drive $110,000 $99,000 90% 244
20906825 3628 Pleasant Valley Road $159,900 $148,000 93% 73
20907359 1683 Long Drive $79,900 $77,900 97% 350
20907379 336 BRUAW DR $149,900 $119,900 80% 50
Totals $499,700 $444,800 89% 179
York PA Shortsales and Foreclosures
Hi Everyone,
It's that time of year again, and even I'm planning some travel and setting my affairs in order for the next few months. I hope you and your family are happy and healthy headed into the end of the year, and I look forward to catching up soon.
But I'm finding this time of year is also proving difficult for a lot of people in our community who are upside-down on their mortgages in York PA and surrunding area's and don’t know what to do. I'm seeing it often lately, and in these cases I'm also finding a lack of good information.
This is why I became a Certified Distressed Property Expert. I want to make sure the people of our community have the right facts to make the right decision for their individual situations. And to help, I made this website dedicated to the issues affecting distressed homeowners, and the solutions available to them:
http://yorkshortsales.com/
Download my free report on the myths concerning short sales. Because in reality, a short sale could be the best solution for a homeowner in trouble. Use this report to gain insight on your situation, or to help someone you know. Don't let your path to a stable financial future get derailed by a myth.
Feel free to contact me to learn more about this or just to talk ... either way it would be great to hear from you.
Sincerely yours,
Jerry Pilgrim
Professional Realty Associates
The Pilgrim Team
It's that time of year again, and even I'm planning some travel and setting my affairs in order for the next few months. I hope you and your family are happy and healthy headed into the end of the year, and I look forward to catching up soon.
But I'm finding this time of year is also proving difficult for a lot of people in our community who are upside-down on their mortgages in York PA and surrunding area's and don’t know what to do. I'm seeing it often lately, and in these cases I'm also finding a lack of good information.
This is why I became a Certified Distressed Property Expert. I want to make sure the people of our community have the right facts to make the right decision for their individual situations. And to help, I made this website dedicated to the issues affecting distressed homeowners, and the solutions available to them:
http://yorkshortsales.com/
Download my free report on the myths concerning short sales. Because in reality, a short sale could be the best solution for a homeowner in trouble. Use this report to gain insight on your situation, or to help someone you know. Don't let your path to a stable financial future get derailed by a myth.
Feel free to contact me to learn more about this or just to talk ... either way it would be great to hear from you.
Sincerely yours,
Jerry Pilgrim
Professional Realty Associates
The Pilgrim Team
Friday, November 06, 2009
Home Buyer Tax Credit Extended with Changes
This is what I just received from NAR.
Charles McMillan, 2009 NAR President
As of today – Thursday, November
– that bill has passed and will be sent to President Obama for his signature.
We have posted a side-by-side comparison of the changes on Realtor.org. Let me summarize the changes quickly now:
When the President signs the bill, the expiration date for the credit will move to April 30, 2010.
First-time buyers who have not had interest in a principle residence for three years are still eligible, and the maximum amount remains the same – $8,000 for married couples, $4,000 for those filing separately.
Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower: $6,500 for married couples and $3,200 for those filing separately.
The tax credit may not used to purchase a home for more than $800,000. All buyers who want to get the credit must include documentation of the purchase on their tax returns.
Charles McMillan, 2009 NAR President
As of today – Thursday, November
– that bill has passed and will be sent to President Obama for his signature.
We have posted a side-by-side comparison of the changes on Realtor.org. Let me summarize the changes quickly now:
When the President signs the bill, the expiration date for the credit will move to April 30, 2010.
First-time buyers who have not had interest in a principle residence for three years are still eligible, and the maximum amount remains the same – $8,000 for married couples, $4,000 for those filing separately.
Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower: $6,500 for married couples and $3,200 for those filing separately.
The tax credit may not used to purchase a home for more than $800,000. All buyers who want to get the credit must include documentation of the purchase on their tax returns.
Tuesday, November 03, 2009
Toys for Tots Drive
The Pilgrim Team is is proud to sponser Toys for Tots as a drop off location again this year! We will be accepting donations for needy children at our office below. We are starting our toy drive early this year, because more than ever there is a need to help out the families of less fortunate children have a great christmas. In addition The Pilgrim Team is Happy to donate their moving truck to help distribute the toys.
Toys For Tots Drop off Location
Professional Realty Associates
3921 E. Market Street York, PA 17402 757-5955 is supporting the U.S. Marine Corps Reserves Toys For Tots Program again this year!
Help us support them by bringing new unwrapped toys.
Monday thru Friday 9am - 5pm thru Dec at the above location.
Make a child Smile This Holiday Season!
http://www.PilgrimTeam.com/
Toys For Tots Drop off Location
Professional Realty Associates
3921 E. Market Street York, PA 17402 757-5955 is supporting the U.S. Marine Corps Reserves Toys For Tots Program again this year!
Help us support them by bringing new unwrapped toys.
Monday thru Friday 9am - 5pm thru Dec at the above location.
Make a child Smile This Holiday Season!
http://www.PilgrimTeam.com/
Thursday, October 29, 2009
Learn the Truth about Short Sales
Thursday, October 29, 2009
by The Pilgrim Team, York, PA
Short Sale Myths
A short sale can be an excellent solution for homeowners who must sell and owe more on their Homes for sale in york pa than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.
Myth #1 - The Bank Would Rather Foreclose than Bother with a Short Sale
The qualifications for a short sale include:This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a short sale, the deal needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.
1. Financial hardship- There is a situation causing you to have trouble affording your mortgage.
2. Monthly Income Shortfall - "You have more month than money." A lender will want to see thatyou cannot afford, or soon will not be able to afford your mortgage.
3. Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
Myth #2 -You Must Be Behind on Your Mortgage to Negotiate a Short Sale
While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency.
If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.
Myth #3 - There,is Not Enough Time to Negotiate a Short Sale Before My Foreclosure
This is a myth that probably hurts homeowners the most. Many do not realize that foreclosure is a process, and that there is time to make decisions that may result in better outcomes.
The foreclosing party-in most cases a lender--can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with as little as a phone call from you explaining that you are trying to sell, and almost all lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and short sales, there is time available until the foreclosure process is complete.
Myth #4 - Listing My Home as a Short Sale is an Embarrassment
It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, one out of five homeowners in theU.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution.
With recent estimates showing 40-60% of U.S. sales will be short sales or foreclosures, you are not alone.
Myth #5 - Short Sales are Impossible and Never Get Approved
This is a complete falsehood. Are short sales more difficult to execute? Yes. Do you, as a homeowner, need to learn about a new process? Yes. Are they impossible? Absolutely not.
For example, agents with the Certified Distressed Property Expert(CDPE) Designation receive thousands of short sale approvals on a monthly basis. These professionals have undergone extensive training in methods to help homeowners in distress and process short sales. While there are no guarantees in any transaction, more and more short sales are being approved regularly. This is far from an impossible process.
Myth #6 - Banks are Waiting on a Bailout and Not Accepting Short Sales
You may have heard this, but the reality is that banks (and the U.S. government) are trying to do anything they can, within reason, to avoid foreclosing on properties. It is preposterous to believe they would deny a short sale in hopes that some future legislation would pass and pay them for losses.
Today, more banks are aggressively pursuing short sales and working with agents who understand how how to process them. Freddie Mac recently hosted a national training webinar for real estate agents where they expressly stated the organizational goal of "eliminating distressed assets through loan modifications or short sales."
Myth #7 - Buyers are Not Interested in Short Sale Properties
This is a myth that potential sellers hear all the time. Thankfully, this is just not true. In fact, many agents are getting calls from buyers who say they only want to look at foreclosure and short sales.
For buyers, short sales and foreclosures have become synonymous with "good deals." More specifically, international buyers are targeting these properties. Listing with an experienced agent who is educated in the short sale process will provide you with a great chance of quickly seeing a contract on your property.
In conclusion, Agents with the CDPE Designation have been trained in all aspects of the short sale process, and know how to deal with the parties involved in foreclosures. Finding a CDPE can explain what options you have, and get you on the path to recovery.
by The Pilgrim Team, York, PA
Short Sale Myths
A short sale can be an excellent solution for homeowners who must sell and owe more on their Homes for sale in york pa than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.
Myth #1 - The Bank Would Rather Foreclose than Bother with a Short Sale
The qualifications for a short sale include:This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a short sale, the deal needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.
1. Financial hardship- There is a situation causing you to have trouble affording your mortgage.
2. Monthly Income Shortfall - "You have more month than money." A lender will want to see thatyou cannot afford, or soon will not be able to afford your mortgage.
3. Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
Myth #2 -You Must Be Behind on Your Mortgage to Negotiate a Short Sale
While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency.
If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.
Myth #3 - There,is Not Enough Time to Negotiate a Short Sale Before My Foreclosure
This is a myth that probably hurts homeowners the most. Many do not realize that foreclosure is a process, and that there is time to make decisions that may result in better outcomes.
The foreclosing party-in most cases a lender--can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with as little as a phone call from you explaining that you are trying to sell, and almost all lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and short sales, there is time available until the foreclosure process is complete.
Myth #4 - Listing My Home as a Short Sale is an Embarrassment
It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, one out of five homeowners in theU.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution.
With recent estimates showing 40-60% of U.S. sales will be short sales or foreclosures, you are not alone.
Myth #5 - Short Sales are Impossible and Never Get Approved
This is a complete falsehood. Are short sales more difficult to execute? Yes. Do you, as a homeowner, need to learn about a new process? Yes. Are they impossible? Absolutely not.
For example, agents with the Certified Distressed Property Expert(CDPE) Designation receive thousands of short sale approvals on a monthly basis. These professionals have undergone extensive training in methods to help homeowners in distress and process short sales. While there are no guarantees in any transaction, more and more short sales are being approved regularly. This is far from an impossible process.
Myth #6 - Banks are Waiting on a Bailout and Not Accepting Short Sales
You may have heard this, but the reality is that banks (and the U.S. government) are trying to do anything they can, within reason, to avoid foreclosing on properties. It is preposterous to believe they would deny a short sale in hopes that some future legislation would pass and pay them for losses.
Today, more banks are aggressively pursuing short sales and working with agents who understand how how to process them. Freddie Mac recently hosted a national training webinar for real estate agents where they expressly stated the organizational goal of "eliminating distressed assets through loan modifications or short sales."
Myth #7 - Buyers are Not Interested in Short Sale Properties
This is a myth that potential sellers hear all the time. Thankfully, this is just not true. In fact, many agents are getting calls from buyers who say they only want to look at foreclosure and short sales.
For buyers, short sales and foreclosures have become synonymous with "good deals." More specifically, international buyers are targeting these properties. Listing with an experienced agent who is educated in the short sale process will provide you with a great chance of quickly seeing a contract on your property.
In conclusion, Agents with the CDPE Designation have been trained in all aspects of the short sale process, and know how to deal with the parties involved in foreclosures. Finding a CDPE can explain what options you have, and get you on the path to recovery.
Wednesday, October 28, 2009
Search for Open Houses Online
As a homebuyer, how do you learn where open houses are in the area? You probably start by checking out the ads in the local paper. Then, you might hop in the car on Sunday afternoon, cruising the streets on the chance you might stumble upon an open-house sign. With gas prices at an all-time high, do you really want to waste an afternoon driving up and down the streets of the neighborhood in which you’d like to move looking for the possibility of an open house? Looking for open houses just got easier.
The new and innovative Web site allows buyers to search open houses throughout your desired community. It is fast and user-friendly! Currently, real estate agents have listed their open houses on the site, which is updated weekly. Simply go to the Web site, type in your preferred area and immediately see hundreds of open houses in the comfort of your own home. View maps, directions and multiple pictures before you get in the car and traverse the neighborhood. With more than 75 percent of homebuyers using the Internet to view homes for sale, doesn’t it make sense to find information about open houses online? Save time, money and the hassles of driving all over town for open houses. Visit www.openthisweek.com today to see the upcoming open houses in your neighborhood.
Tuesday, October 27, 2009
Is Now The Time To Sell My House?
Is now the time to sell my house or should I wait? That is probably the question most people who want to sell are asking themselves these days. It all comes down to do you need to sell right now or just do want to make a change? Sometimes because of a job relocation it is not a decision you have any choice to make. But if you want to sell because you have outgrown your present house due to family size or maybe you want to downsize because the kids have moved out, what do you do? With the dramatic drop in home values do you wait for the market to recover to the norm or do you sell now? Let's take a look at where the market is and where it may be going. If your house has dropped around 20% in value over the last 3 years and the market rebounds to what is considered normal which is an average of 2-3% appreciation a year it could take over 10 years for the market to make up the difference in what you lost. Most people don't and can't wait that long. What you do have going for you is that you can possibly save thousands of dollars on the house you will buy and at a very low interest rate if you need to finance it. So is it a good time to sell...you bet.
What is most important if you decide to sell you house keep in mind that all Realtors are not alike. As far a what company do you hire, that really has no bearing on your decision, remember the company does not sell your house the agent does. So be sure you choose an experienced agent who has an excellent marketing plan, has excellent negotiating skills and has the experience to help you all the way until you get a successful sale. Please feel free to check me out at my web page or call me for a interview. You'll be glad you did.
What is most important if you decide to sell you house keep in mind that all Realtors are not alike. As far a what company do you hire, that really has no bearing on your decision, remember the company does not sell your house the agent does. So be sure you choose an experienced agent who has an excellent marketing plan, has excellent negotiating skills and has the experience to help you all the way until you get a successful sale. Please feel free to check me out at my web page or call me for a interview. You'll be glad you did.
Big Savings on Big Homes!
If you ever thought of a time to buying a larger home in an upscale neighborhood, now is the time. With Mortgage interest rates low and larger home prices that have dropped substantially and now you can save $10's of thousands of dollars like never before. Local York neighborhoods, such as Wyndham Hills, Brittany, Autumn Wood, Springwood, Chestnut Ridge, South Wynd, Sentry Woods and many more have seen dramatic price reductions. Take the time to search the local house market and call us to take a peek. You will be glad you did.
Update on the $8,000 Tax Credit
I recently had a conversation with our local congressman about what may be happening to the first time home buyers tax credit as it now exists. It sounds like our Representatives in Washington are leaning towards allowing all buyers of real estate to use the tax credit and it may be increased to as much as $15,000. I expect the program to be passed by both houses. What this will do for homeowners in the price ranges above $200,000 should help stabilize the prices and hopefully see an increase. Stay Tuned! This is good news York, PA.
Tuesday, October 20, 2009
More Homes Going into Foreclosure in 2009
Tips for homeowners in distress to avoid foreclosure.
Most people have options when it comes to foreclosure, very few people know exactly what to do or where to go! Whether is be refinance options, modifying your loan, or short sale, seak advice from someone who has the training, knowledge, and tools to help you in a time of financial hardship (free of charge). An agent who has earned CDPE© Certified Distressed Property Expert© designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with.
So if you or anyone you know is considering bankruptcy and in fear of going into forclosure, now is the time to learn your options. Feel free to call Jerry Pilgrim today! 717-757-5955 or visit www.YorkShortSales.com . He is available to explain the options and paths in front of you, to help you choose the best solution for you and your family.
Most people have options when it comes to foreclosure, very few people know exactly what to do or where to go! Whether is be refinance options, modifying your loan, or short sale, seak advice from someone who has the training, knowledge, and tools to help you in a time of financial hardship (free of charge). An agent who has earned CDPE© Certified Distressed Property Expert© designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with.
So if you or anyone you know is considering bankruptcy and in fear of going into forclosure, now is the time to learn your options. Feel free to call Jerry Pilgrim today! 717-757-5955 or visit www.YorkShortSales.com . He is available to explain the options and paths in front of you, to help you choose the best solution for you and your family.
Monday, October 19, 2009
Shortsale Financing
There is a rumor floating around in the York PA area that "FHA, VA finacing is not acceptable for shortsales". This is the furthest from the truth. The Lender who makes the decision regarding the shortsale approval's want to see a mortgage pre-approval and then the mortgage commitment prior to the settlement. As long as the Buyer finds a lender who will provide the financing for the shortsale they could care less what financing ultimately helps pay for the property. Don't let anyone tell you otherwise!
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