York County Home Sellers this Article is for YOU!
Thinking Of Selling? Now May Be The Time
Showing posts with label Real Estate York PA. Show all posts
Showing posts with label Real Estate York PA. Show all posts
Thursday, January 22, 2015
Monday, January 10, 2011
2505 Tara Lane, York, PA 17404
PRICED TO SELL!
This home was just relisted today and won’t last long at this price. No longer a short-sale, buy this home outright for $26,605.00 less than it was offered just a month ago. This home was on the market just last month for $196,505.00 as a short-sale and is now being offered for $169,900. Now you can buy it with less risk and in less time (with cash or proper financing, in most cases you could settle and be in this home in less than 30 days). Let me show you how!
This two story colonial in Stillmeadow Farms was built in 1993 and offers 4 bedrooms and two and a half baths. Situated on a corner lot with .2859 acre, this home has 2000 sq.ft. of finished area on the first and second floors with another 680 sq.ft. of unfinished area in the basement. Features include things such as Natural Gas Heating, Central A/C, Two Car Garage, Refrigerator, Oven/Range, Built-in Dishwasher, and Built-in Microwave Oven.
Do you commute out of York a lot? You can be on I-83 or US Rt30 in less than two minutes from this home. Shopping is only minutes away as well. Close to tons of stores and restaurants, you’ll save on gasoline costs for sure.
To schedule a private showing and see this home for yourself or for more information on this or any other homes for sale in York, PA, call Dennis Harbold. Dennis is a Buyer Specialist with The Pilgrim Team at Professional Realty Associates. You can reach Dennis on his cell phone any day or evening by calling 717-887-3302 or by emailing him at dharbold@pilgrimteam.com.
This information is deemed reliable, but not guaranteed
Listing courtesy of Morgan-Collins, Inc
This home was just relisted today and won’t last long at this price. No longer a short-sale, buy this home outright for $26,605.00 less than it was offered just a month ago. This home was on the market just last month for $196,505.00 as a short-sale and is now being offered for $169,900. Now you can buy it with less risk and in less time (with cash or proper financing, in most cases you could settle and be in this home in less than 30 days). Let me show you how!
This two story colonial in Stillmeadow Farms was built in 1993 and offers 4 bedrooms and two and a half baths. Situated on a corner lot with .2859 acre, this home has 2000 sq.ft. of finished area on the first and second floors with another 680 sq.ft. of unfinished area in the basement. Features include things such as Natural Gas Heating, Central A/C, Two Car Garage, Refrigerator, Oven/Range, Built-in Dishwasher, and Built-in Microwave Oven.
Do you commute out of York a lot? You can be on I-83 or US Rt30 in less than two minutes from this home. Shopping is only minutes away as well. Close to tons of stores and restaurants, you’ll save on gasoline costs for sure.
To schedule a private showing and see this home for yourself or for more information on this or any other homes for sale in York, PA, call Dennis Harbold. Dennis is a Buyer Specialist with The Pilgrim Team at Professional Realty Associates. You can reach Dennis on his cell phone any day or evening by calling 717-887-3302 or by emailing him at dharbold@pilgrimteam.com.
This information is deemed reliable, but not guaranteed
Listing courtesy of Morgan-Collins, Inc
Tuesday, December 21, 2010
3185 Balsa Street York PA 17404
This home in the Central York School District has just been lowered10,000 dollars down to 249,900
The home features 4 bedrooms with 2 full baths and 2 half baths and over 2000 square feet. The home sits on almost a half acre lot and there is a private rear yard with a maintenance free deck and a POOL!
For more information contact Mike Rudacille with The Pilgrim Team at Professional Realty Associates 717-757-5955 or MRudacille@PilgrimTeam.com
Listing courtesy of: Country Home Real Estate
Wednesday, October 13, 2010
Real Estate Market Trends - The Pilgrim Team
New, Existing-Homes Sales On Rise
The National Association of Realtors® (NAR) reported a 7.6 percent increase in existing-home sales for the month of August, to a seasonally adjusted rate of 4.13 million units anticipated in 2010. The increase was higher than many experts predicted, as real estate markets showed strong activity even without the home buyer tax credit. Regionally, the West showed the biggest increase in existing-home sales, with a jump of 13.8 percent. The Northeast followed with an increase of 7.9 percent, while the South and Midwest grew sales by 5.2 and 5.0 percent respectively.
NAR chief economist Lawrence Yun remains cautiously optimistic. "The housing market is trying to recover on its own power without the home buyer tax credit," he said. "Home values have shown stabilizing trends over the past year, even as the economy shed millions of jobs, because of the home buyer tax credit stimulus. Now that the economy is adding some jobs, the housing market needs to steadily improve and eventually stand on its own."
Freddie Mac reported that the average commitment rate for a 30-year fixed-rate mortgage dropped to 4.43 percent in August, a record low. The rate was 5.19 percent during this time last year. Total housing inventory fell slightly to 3.98 million units, representing an 11.6 month supply.
First time buyers accounted for 31 percent of the homes purchased during August. Investors also had a strong showing, accounting for 21 percent of the market, up from 19 percent the month before. Repeat buyers acounted for the remaining 48 percent of August home purchases.
Find the Right Coverage
When purchasing a home, you will need to acquire homeowners insurance. In fact, all lenders will require a policy be in force prior to funding the loan. Make sure you have enough coverage, should anything happen. Policies refer to "replacement costs" that may not cover everything. You should ask your insurance agent a lot of "what if" questions. The deductible amount also plays a big part in setting your premium. Higher deductibles lower the number of claims, and reduce your insurance costs.
Check with your insurance agent for more information on these issues, and any others. If you don't have an insurance agent, we have access to several top-notch agents we can refer you to with confidence.
Seller Opportunities
Selling your home in today's market requires strategy and execution. Here are three tips to help sellers reduce their time on market:
•Make it shine. Buyers are attracted to attractive homes. Make your home stand out by mowing the lawn, raking the leaves, washing windows, and cleaning the carpets. These are small things that will make a big difference.
•Remove clutter. Not only do clean homes show better, but tidy homes offer more to the imagination. One person's treasure is another person's trash. Removing unnecessary clutter will help potential buyers envision their own potential or the home.
•Pay attention to the market. Work with your agent and price your home to sell. A competitively priced home is the one that sells first, and in this market that counts for a lot.
These simple tips can help you sell your home and take advantage of our today's market. Please contact us if you have any questions about selling your home. We are here to help!
The National Association of Realtors® (NAR) reported a 7.6 percent increase in existing-home sales for the month of August, to a seasonally adjusted rate of 4.13 million units anticipated in 2010. The increase was higher than many experts predicted, as real estate markets showed strong activity even without the home buyer tax credit. Regionally, the West showed the biggest increase in existing-home sales, with a jump of 13.8 percent. The Northeast followed with an increase of 7.9 percent, while the South and Midwest grew sales by 5.2 and 5.0 percent respectively.
NAR chief economist Lawrence Yun remains cautiously optimistic. "The housing market is trying to recover on its own power without the home buyer tax credit," he said. "Home values have shown stabilizing trends over the past year, even as the economy shed millions of jobs, because of the home buyer tax credit stimulus. Now that the economy is adding some jobs, the housing market needs to steadily improve and eventually stand on its own."
Freddie Mac reported that the average commitment rate for a 30-year fixed-rate mortgage dropped to 4.43 percent in August, a record low. The rate was 5.19 percent during this time last year. Total housing inventory fell slightly to 3.98 million units, representing an 11.6 month supply.
First time buyers accounted for 31 percent of the homes purchased during August. Investors also had a strong showing, accounting for 21 percent of the market, up from 19 percent the month before. Repeat buyers acounted for the remaining 48 percent of August home purchases.
Find the Right Coverage
When purchasing a home, you will need to acquire homeowners insurance. In fact, all lenders will require a policy be in force prior to funding the loan. Make sure you have enough coverage, should anything happen. Policies refer to "replacement costs" that may not cover everything. You should ask your insurance agent a lot of "what if" questions. The deductible amount also plays a big part in setting your premium. Higher deductibles lower the number of claims, and reduce your insurance costs.
Check with your insurance agent for more information on these issues, and any others. If you don't have an insurance agent, we have access to several top-notch agents we can refer you to with confidence.
Seller Opportunities
Selling your home in today's market requires strategy and execution. Here are three tips to help sellers reduce their time on market:
•Make it shine. Buyers are attracted to attractive homes. Make your home stand out by mowing the lawn, raking the leaves, washing windows, and cleaning the carpets. These are small things that will make a big difference.
•Remove clutter. Not only do clean homes show better, but tidy homes offer more to the imagination. One person's treasure is another person's trash. Removing unnecessary clutter will help potential buyers envision their own potential or the home.
•Pay attention to the market. Work with your agent and price your home to sell. A competitively priced home is the one that sells first, and in this market that counts for a lot.
These simple tips can help you sell your home and take advantage of our today's market. Please contact us if you have any questions about selling your home. We are here to help!
Friday, February 12, 2010
Mortgage Financing Programs
I am going to cover different loan programs that are being offered as of now over the next few days. With new RESPA rules loan programs have been changing along with how they are offered.
I first will discuss FHA loans as they are known as of today. This is becoming the most popular loan out there today in the York, PA area. The most important factor is the amount of money down that is required by HUD. As a buyer you will need to have at least 3.5% down of your own in the transaction. The Seller can contribute up to 6% of the sale price towards the Buyers closing costs as of today. That will be changing shortly to 3% in april. You can see why it is one of the most popular loans in the market. You can get into a $200,000 house for as little as $7,000! With the rates hovering around 5% +/- and the tax credit of between $6,500 for a current married homeowner or $8,000 for a first time homeowner (not owned a home in the last 3 years) you can practically get in for no money down. Keep in mind there is an up front mortgage insurance premium that you can add either to the mortgage amount or pay it at time of settlement. There is also a monthly fee that is added to your mortgage payment.
For more information call us at The Pilgrim Team. 717-757-5955
I first will discuss FHA loans as they are known as of today. This is becoming the most popular loan out there today in the York, PA area. The most important factor is the amount of money down that is required by HUD. As a buyer you will need to have at least 3.5% down of your own in the transaction. The Seller can contribute up to 6% of the sale price towards the Buyers closing costs as of today. That will be changing shortly to 3% in april. You can see why it is one of the most popular loans in the market. You can get into a $200,000 house for as little as $7,000! With the rates hovering around 5% +/- and the tax credit of between $6,500 for a current married homeowner or $8,000 for a first time homeowner (not owned a home in the last 3 years) you can practically get in for no money down. Keep in mind there is an up front mortgage insurance premium that you can add either to the mortgage amount or pay it at time of settlement. There is also a monthly fee that is added to your mortgage payment.
For more information call us at The Pilgrim Team. 717-757-5955
Saturday, January 09, 2010
$8,000 and the $6500 Tax Credit Due to Expire April 30th
Home Buyers in York PA and surrounding area's don't forget to take advantage on the tax credits that are available to you. I know it is cold outside and seems like spring is a long time off but before you know it spring will be here. If you are going to be buying a home this year and it is your first home that you have owner in over 5 years you will eligible for up to $8,000. If you have owned a home in 5 of the last 7 years you may be eligible to get $6500. You must have a contract ratified by April 30th and settle on the home prior to June 30, 2010. Hurry before you lose out on it. Contact us here at The Pilgrim Team at Professional Realty Associates for more information.
Tuesday, December 15, 2009
Tuesday, December 15, 2009by The Pilgrim Team
Solving the foreclosure crisis one homeowner at a time.™
Short Sale Deed-in-Lieu of Foreclosure:
Dignified Solutions
©2009 Distressed Property Institute, LLC All Rights Reserved.
The above brokerage assumes no responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice.
It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner.
Possible Crisis? There are Dignified Solutions.
The state of the U.S. economy and housing market has brought many homeowners from security to uncertainty. But within this uncertainty, solutions have been created to assist those who need help. If you or someone you know is struggling to pay the mortgage, it is vital to understand ALL the options available.
The pressures of an upside-down mortgage are not just felt by the homeowner. Lenders are looking to avoid foreclosure and work with homeowners to find solutions to their financial situations. Lenders are not in the real estate business, do not wish to take ownership of a home, and do not want a house to sit idle on the market
So what options are available to YOU?
If you or someone you know is facing foreclosure and the damages it will cause to credit scores, employment or security clearance, you should consider a short sale or a deed-in-lieu of foreclosure (or “deed-in-lieu”). These options could allow you to sell or walk away from your home without incurring liability for deficiency.
What Are Your Options…
judgments from creditors, or tax lie
In both a short sale and deed-in-lieu, your lender can claim you owe a deficiency judgment on your remaining balance. This means the lender may have the right to pursue the difference of what you owed and the eventual sale price of the home.
In a foreclosure, all rights to your property are lost, while the lender retains the right to pursue a deficiency judgment. It will also remain on your credit history for ten years or more.
During negotiations for both short sales and deed-in-lieu transactions, it is imperative to understand whether your lender reserves the right to pursue a deficiency.
What Are The Possible Tax Consequences?
When it comes to the tax implications of a short sale or deed-in-lieu transaction, you will need to consult a tax professional. As a general rule, any debt forgiven by the lending institution will be considered income. Lenders are required to file a 1099-A with the IRS showing the deficiency, which could have tax implications for you. Once you have received Form 1099-A, you will need to complete IRS Form 982 to report how much of the debt was forgiven by the lender.
Again, consulting a tax professional is a vital part of this process, and can save you from future financial difficulties. Distressed Property Institute, LLC All Rights Reserved.
What’s Your Fastest Way Out?
A deed-in-lieu is the fastest solution out of a foreclosure, compared to the timeline of a short sale. However, very few lenders will negotiate a deed-in-lieu if a lien, or second mortgage has already been taken out on the home. Also, a deed-in-lieu will be a typicalqu estion asked on any future credit applications. Your history of short sales will not be a concern. In addition, a short sale provides the feeling of accomplishment for Listing York PA Homes your home.
What Should I Look Out For?
If you are considering either a deed-in-lieu or a short sale, it would be wise to review the terms and conditions of your transaction carefully. Make certain your agent can explain whether or not a deficiency balance is forgiven, or how long the lender can pursue this judgment.
Both options can save you from the distress that foreclosure will cause on your credit, finances, future employment and, most importantly, your stability.
I Heard About “Deed-For-Lease” ... What’s That?
You might have read about a new program called Deed-for-Lease™. Fannie Mae created this program as an option for homeowners who are in distress but not eligible for a mortgage modification. Through this program, qualifying homeowners have the option to remain in their Homes for sale in york pa as renters after voluntarily transferring the property deed back to the lender. The homeowners must prove they are able to afford market rent, and then sign a lease with the lender.
Deed-for-Lease provides an additional option for borrowers who do not qualify for, or have not been able to sustain other loan-workout solutions. While this program is unique to Fannie Mae loans, be sure to discover what options your lender offers to homeowners who do not qualify for loan modifications but wish to stay in their Homes for sale in york pa.
Following are a few of the homeowner qualifications for this program:
*The property is to be used as the occupant’s primary residence
*The occupant’s income is sufficient to cover rental payments
*Inspection shows that the property has been kept in good condition
*The occupant agrees to be responsible for regular maintenance
*The number of occupants is appropriate for the home
*The occupants signing the lease must agree to a credit review
*To learn more, please contact me or visit www.efanniemae.com.
With more than 1 in 7 U.S. homeowners not paying the mortgage, it’s clear that no one is immune to the current economic situation.
I believe every homeowner deserves the best information and education to protect themselves from losing their home to foreclosure and ruining their credit. For those already struggling to pay their mortgages and unsure of what to do next, understanding short sales and deeds-in-lieu can ease their stress and potentially save them from an impending foreclosure. Deciding on which route will be best for you and your family’s future is the most important decision you can make. Please use this information to better understand the options available.
As a CDPE, I have been trained to assist homeowners in these difficult situations. If I can provide you with more information or assistance, please don’t hesitate to contact me or go to my web page here.
Foreclosures Short Sales York PA Deed-in-Lieu of Foreclosure No comments have yet been submitted for this entry.
SyndicationCategoriesAcreage for sale (1)Buying a York PA Home (7)CDPE (4)Events in York County (15)Featured Home Listings (20)Fishing in York County (1)Foreclosure list (1)Home Buyers Tax Credit (6)Homes for Sale (2)I want to sell my home (1)Investors (2)New Home Community in Lancaster County PA (2)New Homes (2)New Property Listing (2)Open Houses (2)Real estate for sale in York PA (2)Real Estate Statistics (6)Relocation to York PA (6)Selling a York County Home (5)Short Sale List (2)Short Sales and Forclosures (16)York County Neighborhoods (2)York County Parks (3)York PA homes for sale (2)York PA real estate for sale
Solving the foreclosure crisis one homeowner at a time.™
Short Sale Deed-in-Lieu of Foreclosure:
Dignified Solutions
©2009 Distressed Property Institute, LLC All Rights Reserved.
The above brokerage assumes no responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice.
It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner.
Possible Crisis? There are Dignified Solutions.
The state of the U.S. economy and housing market has brought many homeowners from security to uncertainty. But within this uncertainty, solutions have been created to assist those who need help. If you or someone you know is struggling to pay the mortgage, it is vital to understand ALL the options available.
The pressures of an upside-down mortgage are not just felt by the homeowner. Lenders are looking to avoid foreclosure and work with homeowners to find solutions to their financial situations. Lenders are not in the real estate business, do not wish to take ownership of a home, and do not want a house to sit idle on the market
So what options are available to YOU?
If you or someone you know is facing foreclosure and the damages it will cause to credit scores, employment or security clearance, you should consider a short sale or a deed-in-lieu of foreclosure (or “deed-in-lieu”). These options could allow you to sell or walk away from your home without incurring liability for deficiency.
What Are Your Options…
judgments from creditors, or tax lie
In both a short sale and deed-in-lieu, your lender can claim you owe a deficiency judgment on your remaining balance. This means the lender may have the right to pursue the difference of what you owed and the eventual sale price of the home.
In a foreclosure, all rights to your property are lost, while the lender retains the right to pursue a deficiency judgment. It will also remain on your credit history for ten years or more.
During negotiations for both short sales and deed-in-lieu transactions, it is imperative to understand whether your lender reserves the right to pursue a deficiency.
What Are The Possible Tax Consequences?
When it comes to the tax implications of a short sale or deed-in-lieu transaction, you will need to consult a tax professional. As a general rule, any debt forgiven by the lending institution will be considered income. Lenders are required to file a 1099-A with the IRS showing the deficiency, which could have tax implications for you. Once you have received Form 1099-A, you will need to complete IRS Form 982 to report how much of the debt was forgiven by the lender.
Again, consulting a tax professional is a vital part of this process, and can save you from future financial difficulties. Distressed Property Institute, LLC All Rights Reserved.
What’s Your Fastest Way Out?
A deed-in-lieu is the fastest solution out of a foreclosure, compared to the timeline of a short sale. However, very few lenders will negotiate a deed-in-lieu if a lien, or second mortgage has already been taken out on the home. Also, a deed-in-lieu will be a typicalqu estion asked on any future credit applications. Your history of short sales will not be a concern. In addition, a short sale provides the feeling of accomplishment for Listing York PA Homes your home.
What Should I Look Out For?
If you are considering either a deed-in-lieu or a short sale, it would be wise to review the terms and conditions of your transaction carefully. Make certain your agent can explain whether or not a deficiency balance is forgiven, or how long the lender can pursue this judgment.
Both options can save you from the distress that foreclosure will cause on your credit, finances, future employment and, most importantly, your stability.
I Heard About “Deed-For-Lease” ... What’s That?
You might have read about a new program called Deed-for-Lease™. Fannie Mae created this program as an option for homeowners who are in distress but not eligible for a mortgage modification. Through this program, qualifying homeowners have the option to remain in their Homes for sale in york pa as renters after voluntarily transferring the property deed back to the lender. The homeowners must prove they are able to afford market rent, and then sign a lease with the lender.
Deed-for-Lease provides an additional option for borrowers who do not qualify for, or have not been able to sustain other loan-workout solutions. While this program is unique to Fannie Mae loans, be sure to discover what options your lender offers to homeowners who do not qualify for loan modifications but wish to stay in their Homes for sale in york pa.
Following are a few of the homeowner qualifications for this program:
*The property is to be used as the occupant’s primary residence
*The occupant’s income is sufficient to cover rental payments
*Inspection shows that the property has been kept in good condition
*The occupant agrees to be responsible for regular maintenance
*The number of occupants is appropriate for the home
*The occupants signing the lease must agree to a credit review
*To learn more, please contact me or visit www.efanniemae.com.
With more than 1 in 7 U.S. homeowners not paying the mortgage, it’s clear that no one is immune to the current economic situation.
I believe every homeowner deserves the best information and education to protect themselves from losing their home to foreclosure and ruining their credit. For those already struggling to pay their mortgages and unsure of what to do next, understanding short sales and deeds-in-lieu can ease their stress and potentially save them from an impending foreclosure. Deciding on which route will be best for you and your family’s future is the most important decision you can make. Please use this information to better understand the options available.
As a CDPE, I have been trained to assist homeowners in these difficult situations. If I can provide you with more information or assistance, please don’t hesitate to contact me or go to my web page here.
Foreclosures Short Sales York PA Deed-in-Lieu of Foreclosure No comments have yet been submitted for this entry.
SyndicationCategoriesAcreage for sale (1)Buying a York PA Home (7)CDPE (4)Events in York County (15)Featured Home Listings (20)Fishing in York County (1)Foreclosure list (1)Home Buyers Tax Credit (6)Homes for Sale (2)I want to sell my home (1)Investors (2)New Home Community in Lancaster County PA (2)New Homes (2)New Property Listing (2)Open Houses (2)Real estate for sale in York PA (2)Real Estate Statistics (6)Relocation to York PA (6)Selling a York County Home (5)Short Sale List (2)Short Sales and Forclosures (16)York County Neighborhoods (2)York County Parks (3)York PA homes for sale (2)York PA real estate for sale
Thursday, December 10, 2009
Wyndham Hills Real Estate Activity Report for 2009
Wyndham Hills Real Estate Activity Report
Real Estate activity for Wyndham Hills, York, PA for the peiod of January 1st through November 30, 2009
Active Listings - Total currently listed 10
Least expensive home on the market is located at 1290 Grantley Rd at $269,900. The most expensive is $1,185,000 located at 900 Oakdale Rd. The median price is $507,450 and the average days a property has been on the market is 116.
Sold Listings - 8 sold
The least expensive was located at 850 Grantley Court, York at the price of $432,000. The most expensive home located at 1780 S Wyndham Dr, York sold for $1,050,000. The median price for those homes sold was $580,000, and the average days the homes were on the market was 136 days.
If you have an area anywhere in York County you would like to have a market update on a regular basis don't hesitate to contact us at Professional Realty Associates and the Pilgrim Team. We are here to serve you.
Real Estate activity for Wyndham Hills, York, PA for the peiod of January 1st through November 30, 2009
Active Listings - Total currently listed 10
Least expensive home on the market is located at 1290 Grantley Rd at $269,900. The most expensive is $1,185,000 located at 900 Oakdale Rd. The median price is $507,450 and the average days a property has been on the market is 116.
Sold Listings - 8 sold
The least expensive was located at 850 Grantley Court, York at the price of $432,000. The most expensive home located at 1780 S Wyndham Dr, York sold for $1,050,000. The median price for those homes sold was $580,000, and the average days the homes were on the market was 136 days.
If you have an area anywhere in York County you would like to have a market update on a regular basis don't hesitate to contact us at Professional Realty Associates and the Pilgrim Team. We are here to serve you.
Tuesday, November 24, 2009
Is now the time to Sell and Buy your next home in York PA
I'm often asked if this is a good time to buy or sell a home here in York, PA. Some of my clients are concerned that home prices may fall further than they already have. They are assuming that the best course of action is to wait for the bottom in the market and then buy a home here in York at that time. The problem with this approach is that you don't know where the bottom is until after you passed it it is like looking in the rear view mirror, meaning until you've missed it!
Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have held fairly steady the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!
While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.
Please give me a call me Jerry Pilgrim if I can be of any assistance in determining how much home you can afford in today's market. Visit me at www.PilgrimTeam.com
Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have held fairly steady the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!
While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.
Please give me a call me Jerry Pilgrim if I can be of any assistance in determining how much home you can afford in today's market. Visit me at www.PilgrimTeam.com
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.
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!
Thursday, October 15, 2009
Extend The Home Buyer $8,000 Tax Credit
Extend the Home Buyer $8,000 Tax Credit
Thursday, October 15, 2009
by Jerry
The $8,000 tax credit is set to expire November 30th. Currently Congress is deliberating on to either let it expire or possibly extend the credit with modifications. The talk is that they could raise the credit to as high as $15,000 for all buyers (this means not just for 1st time home buyers). With the state of the economy nationally and the fact that local economy (Useful Information about York PA) is so depended on real estate related goods I believe if anything that needs a continued stimulus is real estate. I wouldn't have said that before this all started but since the government started down this road they have to finish what they started and don't let this vehicle run out of gas now. If they don't extend this to all home buyers it could be devastating nationally.
Thursday, October 15, 2009
by Jerry
The $8,000 tax credit is set to expire November 30th. Currently Congress is deliberating on to either let it expire or possibly extend the credit with modifications. The talk is that they could raise the credit to as high as $15,000 for all buyers (this means not just for 1st time home buyers). With the state of the economy nationally and the fact that local economy (Useful Information about York PA) is so depended on real estate related goods I believe if anything that needs a continued stimulus is real estate. I wouldn't have said that before this all started but since the government started down this road they have to finish what they started and don't let this vehicle run out of gas now. If they don't extend this to all home buyers it could be devastating nationally.
Tuesday, June 09, 2009
Lovely Property Offers Privacy and Seclusion!
Call Jerry Pilgrim now at 717-757-5955 to see this home or any other home you may see or go to:
http://www.PilgrimTeam.com
Click Here to Search the ENTIRE York County MLS - Updated Hourly - Large Photos - Easy-to-read Maps
Monday, May 18, 2009
Buying in a Buyers Market
The Long and Short of Short Sales
A Short Sale has been referred to by more than one real estate professional as a dignified solution to a financial crisis. The reality is that many homeowners today owe more on their homes than they are worth and don’t know what to do. If you have exhausted other options like a mortgage modification or a refinance or simply can no longer afford your home due to the loss of a job or other hardship a short sale may be the solution for you.
Short Sale Qualifications
There are three simple qualifications almost every lender will want to see to qualify you for a short sale:
1. Financial Hardship - your mortgage company will want to see that you have a verifiable material hardship that is affecting your ability to pay your mortgage. Hardships can be issues such as a payment increase, job loss, income decrease, medical expenses and any other issue that is truly affecting your ability to pay.
2. Monthly Shortfall – your lender will want to see that on a monthly basis your hardship is causing you to have a monthly shortfall. This means that they want to see that your monthly income is less than your monthly expenses. This is a simple calculation that can be done by adding up all your expenses and comparing them to your total income. If your expenses are higher than your income you have a shortfall.
3. Insolvency – your lender or servicer will want to see that you are insolvent prior to approving a short sale. Simply translated this means they want to see that you do not have the ability to pay down the balance of your mortgage in liquid funds.
Short Sale Process – How do I get this done?
In order to successfully sell your property through a short sale you will need to fully cooperate with your real estate professional. Your assistance in this process will give you the highest likelihood of a successful outcome, a sale and most importantly a foreclosure avoided.
Here is a simple list of items you can take care of immediately:
· Prepare your property for sale, this includes: remove all clutter, make sure all lights work, clean out your property and make it as presentable as possible. Your agent will have additional suggestions for you however there is no reason not to get started now.
· Gather the required paperwork and documentation that your agent will need in your first meeting you have, see the list below.
· If you believe a short sale is the right option for you, list your property with the qualified CDPE professional that gave provided you with this information. They will help guide you through this process.
Paperwork Needed for a Short Sale
(Start Now)
In order to demonstrate to your lender that you qualify for a short sale your agent will need the following documentation:
· Two months most recent mortgage statements (all mortgages)
· Two months checking account statements (all borrowers if separate)
· Two months saving account statements (all borrowers if separate)
· Two months other account statements (all borrowers if separate)
· Last two paycheck stubs (all borrowers)
· Two years tax returns
· Hardship Letter (see samples)
· Financial Worksheet (provided)
· Any other documentation to help your agent prove your hardship
Monthly Income Shortfall Calculation
Total Monthly Income
-
Total Monthly Expenses
=
Total Monthly Shortfall
Don’t Delay
Each day is important when you are exploring options on your mortgage – don’t wait one day that could be spent working with your mortgage servicer or lender on finding a solution to your specific issue.
How will my retirement be treated in a short sale?
There is a common misconception that in order to qualify for a short sale you can’t have any assets or savings. This is not normally true; in fact in many cases banks are disregarding retirement accounts that would otherwise be protected in a bankruptcy. Don’t assume that you will have withdraw funds from these account to qualify.
A Short Sale has been referred to by more than one real estate professional as a dignified solution to a financial crisis. The reality is that many homeowners today owe more on their homes than they are worth and don’t know what to do. If you have exhausted other options like a mortgage modification or a refinance or simply can no longer afford your home due to the loss of a job or other hardship a short sale may be the solution for you.
Short Sale Qualifications
There are three simple qualifications almost every lender will want to see to qualify you for a short sale:
1. Financial Hardship - your mortgage company will want to see that you have a verifiable material hardship that is affecting your ability to pay your mortgage. Hardships can be issues such as a payment increase, job loss, income decrease, medical expenses and any other issue that is truly affecting your ability to pay.
2. Monthly Shortfall – your lender will want to see that on a monthly basis your hardship is causing you to have a monthly shortfall. This means that they want to see that your monthly income is less than your monthly expenses. This is a simple calculation that can be done by adding up all your expenses and comparing them to your total income. If your expenses are higher than your income you have a shortfall.
3. Insolvency – your lender or servicer will want to see that you are insolvent prior to approving a short sale. Simply translated this means they want to see that you do not have the ability to pay down the balance of your mortgage in liquid funds.
Short Sale Process – How do I get this done?
In order to successfully sell your property through a short sale you will need to fully cooperate with your real estate professional. Your assistance in this process will give you the highest likelihood of a successful outcome, a sale and most importantly a foreclosure avoided.
Here is a simple list of items you can take care of immediately:
· Prepare your property for sale, this includes: remove all clutter, make sure all lights work, clean out your property and make it as presentable as possible. Your agent will have additional suggestions for you however there is no reason not to get started now.
· Gather the required paperwork and documentation that your agent will need in your first meeting you have, see the list below.
· If you believe a short sale is the right option for you, list your property with the qualified CDPE professional that gave provided you with this information. They will help guide you through this process.
Paperwork Needed for a Short Sale
(Start Now)
In order to demonstrate to your lender that you qualify for a short sale your agent will need the following documentation:
· Two months most recent mortgage statements (all mortgages)
· Two months checking account statements (all borrowers if separate)
· Two months saving account statements (all borrowers if separate)
· Two months other account statements (all borrowers if separate)
· Last two paycheck stubs (all borrowers)
· Two years tax returns
· Hardship Letter (see samples)
· Financial Worksheet (provided)
· Any other documentation to help your agent prove your hardship
Monthly Income Shortfall Calculation
Total Monthly Income
-
Total Monthly Expenses
=
Total Monthly Shortfall
Don’t Delay
Each day is important when you are exploring options on your mortgage – don’t wait one day that could be spent working with your mortgage servicer or lender on finding a solution to your specific issue.
How will my retirement be treated in a short sale?
There is a common misconception that in order to qualify for a short sale you can’t have any assets or savings. This is not normally true; in fact in many cases banks are disregarding retirement accounts that would otherwise be protected in a bankruptcy. Don’t assume that you will have withdraw funds from these account to qualify.
Wednesday, April 29, 2009
Buying a Short Sale?
Thinking about buying a short sale? If you are make sure your Agent is a CDPE (Certified Distressed Property Expert). They have the training that get s the job done through the tough negotiating process. A CDPE has an average of an 80& success rate. Wheras the typical agent has a 20% rate. Who do you want working for you? Go to: http://www.pilgrimteam.com/avoid-foreclosure.aspx
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