Maureen Ingelsby's Blog
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4 Ways to Impress Your Lender
- 48 percent of those surveyed say home rental prices will go up in the next 12 months, a slight decrease from last month.
- 51 percent of respondents now say it would be easy to get a mortgage.
- 21 percent of respondents say their household income is significantly higher than it was 12 months ago.
- Household expenses remained stable over the past month, with 56 percent responding that their household expenses stayed the same compared to 12 months ago.
- Only 12 percent of respondents believe that their personal financial situation will worsen in the next 12 months, a 3 percentage point drop from January and the lowest value in over a year.
- 33 percent say their expenses have increased significantly over the past 12 months, a 3 percentage point decrease from last month and the lowest level in the past 12 months.
- 28 percent of respondents expect home prices to increase over the next 12 months (consistent with last month), while 15 percent say they expect home prices to decline (down 1 percentage point since last month).
- 10 percent of Americans say that mortgage rates will go down in the next 12 months, a 2 percentage point increase from last month.
- The percentage of respondents who say it is a good time to sell rose by 3 percentage points to 13 percent, the highest level in over a year.
- 45 percent of respondents think that home rental prices will go up, a 2 percentage point increase from last month.
- Use your credit cards regularly, but in small amounts, never exceeding 30% of your entire credit line. For example, if your card limit is $4,000, set a self-imposed limit to keep your balance at $1,200.
- Even if you pay your bills on time, coming close to a full balance each month affects your credit score negatively. Regularly maxing out your card limit is a bad habit in the eyes of credit-rating firms. It's better to spread your credit charges out over two or three cards, keeping each balance at or below 30% of your total credit line.
- Don't get rid of old cards even if they have higher interest rates than ones you may get on newer cards. Credit rating firms like to see a well-established history, so utilize your old cards every so often for small purchases.
- On the flip side, avoid getting new cards, if possible. When you add a new credit card, your credit score will likely suffer a drop until you have established a payment history with that card.
4 Ways to Impress Your Lender
Lending is tight, and with the way the market is moving, it may be getting even tighter. But that doesn?t mean your dreams of owning that three-bedroom colonial should be dashed to pieces. It just means you need to impress your lender. Below are a few top tips:Maintain job security. If possible, you should stay at your current job while building up your credit and zeroing in on that mortgage. Your lender will want to analyze your work history, and make sure you are reliable and have a steady stream of income. If you know you need to switch jobs soon, put off your home purchase until you are securely in your new position.
Fluff your credit. Your credit is key for securing a mortgage. If yours isn?t up to snuff, spend a year or so working on it before talking to a lender. How can you work on your credit? Pay down any credit card balances and stay on top of your bills. You should also check your ratio of credit available to credit used.
Trim your spending habits. You're trying to prove to your lender that you can manage your finances and debt. Putting a huge chunk of your salary toward a new car or that stunning living room set will raise a few eyebrows. Avoid excessive credit card purchases while gearing up for a mortgage application.
Save. This goes hand in hand with trimming your spending habits. Saving for your down payment will be very helpful when it comes to applying for a mortgage. Aim for 20 percent of the amount of home you can afford. A large down payment will prove to lenders that you?re serious as well as a good saver. It will also give you immediate equity and reduce your monthly payments from the get-go.
While securing a mortgage is a tricky process, it?s not impossible?and impressing your lender is only going to help.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Sincerely,
Maureen IngelsbyMaureen@MaureenIngelsby.com
Keller Williams Main Line Realty
Office: 610-520-0100 x6505
Mobile: 610-574-6203
www.delcohomesnow.com
Consumer Confidence in Rising Housing Economy
Despite continued uncertainty surrounding the fiscal cliff, Americans are showing increased confidence in the housing market and the direction of the economy. According to results from Fannie Mae's November 2012 National Housing Survey, such improvement bodes especially well for continued strengthening in the housing sector, which in turn should lead to overall economic growth.
According to the survey, the share of respondents who say now is a good time to sell a home jumped 5 percentage points in November to 23 percent ? the highest level since the survey began in June 2010. The percentage of respondents who expect mortgage rates to go up increased by 4 percentage points to 41 percent. Those expecting home prices to go down within the next year also rose by 4 percentage points to 14 percent over last month, a rebound from the survey's record low in the prior month, while the share who believe home prices will go up in the next 12 months edged up to 37 percent, tying the survey high. Of note, 51 percent of respondents now say it would be easy to get a mortgage, marking the highest rate since the survey's inception.
These survey statistics support the trends that real estate brokers around the country are beginning to witness: an increasing lack of inventory, rising home values, and homebuyers - who have been waiting five years or more - finally ready to purchase their first home or move-up home.
Positive housing indicators are connected to a generally improving outlook regarding the nation?s overall economic picture. When asked about the economy, those who say it is on the wrong track dipped 6 percentage points since October and a total of 25 percentage points in the past year.
Other noteworthy results from the Fannie Mae survey include:
How Your Roof Can Increase Your Home's Value
How Your Roof Can Increase Your Home's Value
Whether you?re considering selling your home in the near future or looking to increase the value of your home for an upcoming refinance, the all-important place to start is at the top. Take a close look at your roof and consider whether it adds to or detracts from your home?s value.
What most people look for first are any signs of aging, which tend to trigger suspicions about leakage problems. Make sure your roof is not unfairly labeled as ?old??and your home thereby devalued?by conducting a thorough cleaning to remove black staining or debris. While hiring a professional to power wash your roof is always an option, you can also choose to tackle the job yourself with a large broom, some soap and a garden hose?just make sure you are physically up to the challenge of climbing ladders and navigating heights.
While cleaning your roof may simply involve removing dirt and stains, be sure to determine whether mold is also a culprit. Understandably, mold is a serious detriment to your home?s value and needs to be removed promptly and thoroughly.
Once your roof is clean and aesthetically pleasing, investigate your attic to find out if there are indeed any leaks. The attic is the best place to spot signs of a leaky roof, according to GAF, a manufacturer of residential and commercial roofing. Have all leaks repaired immediately, even if they are minor. While they may go unnoticed by a potential buyer, a home inspector will find them and you?ll take a hit to your sales price or appraisal value.
Next, take a close look at your roof for granules on shingles, curling on the edges of shingles or shingles that have come loose. These repairs should also be taken care of right away.
Be sure to maintain an accurate record of all repairs done to your roof?in the past and currently. This documentation can serve as important competitive differentiation when you?re selling your home and will give an appraiser an indisputable picture of your roof?s condition.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Why Homebuyers Need to Act Now
With a gradual increase in consumer confidence and positive economic indicators in general, those who have been putting off a home purchase due to market conditions should seriously consider moving into action. According to the recently released May 2012 National Housing Survey from Fannie Mae, consumer attitudes are slowly?but significantly?pointing toward an overall housing market recovery.
The following statistics from the National Housing Survey indicate an increasing need for homebuyers to get serious about their home search:
On average, Americans expect home prices to increase by 1.4 percent over the next 12 months, up 0.5 percentage points since March 2012 and the highest value yet recorded.
34 percent of respondents say that home prices will go up in the next 12 months, the highest level recorded since March 2011.
41 percent of respondents expect home mortgage rates to go up in the next 12 months, a slight increase from last month.
The percentage of respondents who say it is a good time to buy increased by 1 percentage point to 72 percent, while the percentage of respondents who say it is a good time to sell remained at 15 percent.
On average, respondents expect home rental prices to increase by 4.1 percent over the next 12 months, a 0.5 percentage point increase versus last month and a return to the level seen in March.
49 percent of respondents think that home rental prices will go up, consistent with last month's value and remaining the highest number recorded to date.
At 32 percent, the percentage of respondents who would rent if they were going to move is unchanged, while 63 percent would buy.
Additionally, while 46 percent of respondents expect their financial situation to remain the same over the next 12 months, 38 percent believe the economy is on the right track?this marks an all-time high.
This research bodes well for a continued housing-market recovery; however, it means the unparalleled opportunities for buyers will soon start to level off as we move toward a more balanced buying and selling environment.
If you?ve delayed moving up to a larger or more desirable home because you?ve been hesitant to put your home on the market, conditions have improved for home sellers in many locations. If you?ve been renting in an effort to ?wait things out,? bear in mind that rents are expected to continue their upward climb as landlords cash in on residential real estate?s decline. In fact, in many cases, it is now more affordable to buy a home than to rent one.
Talk to a professional real estate expert to identify specific conditions in the neighborhoods in which you might like to buy a home This information will allow you to establish a home-buying timeline that will ensure you don?t miss out on the current market advantages for homebuyers.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
Signs of Recovery: Home Sales, Prices Increase in April
Important signs of improvement in the 2012 real estate market continue to emerge as the year progresses. While the numbers vary from location to location, according to the latest report from the National Association of Realtors® (NAR), existing-home sales rose 3.4 percent in April and remain above a year ago. At the same time, home prices continued to rise. These improvements in sales and prices were broad based across all regions.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.4 percent to a seasonally adjusted annual rate of 4.62 million in April; this is 10 percent higher than the 4.20 million-unit level in April 2011.
According to the chief economist at NAR, Lawrence Yun, the latest numbers are a clear sign that a real estate-market recovery is underway. What?s more, this recovery is not just being sparked by investors who plan to rent for profit, but by individual buyers who intend to call the house they buy home.
Yun also reports that, ?The general downtrend in both listed and shadow inventory has shifted from a buyers? market to one that is much more balanced, but in some areas it has become a seller?s market.?
This decreasing inventory of foreclosed property is helping home values stabilize and increase in some areas. We are even beginning to see multiple offers and escalating price conditions in highly desirable areas. According to NAR, the national median existing-home price for all housing types jumped 10.1 percent in April from a year ago, following a 3.1 percent increase in March. This marks the first back-to-back price increase since June and July of 2010?and even then, the gains were less than one percent.
To take full advantage of this turning point in the real estate market, prospective homebuyers should take the following steps:
Look into financing early on in the search process. Lending conditions are still tight, so talk to a professional real estate agent who can provide advice on increasing your credit score before making an offer on a home.
Narrow down the areas/neighborhoods in which you?re most interested. Work with an agent who?s experienced in these communities and can provide in-depth details on schools, culture, commutes, activities, etc.
Search online to focus in on the homes you?re most interested in. This will shorten the time spent with your agent visiting properties and open houses.
Rely on a credible agent to guide you in making the best offer. Your bid on the home will be greatly influenced by hyper-local conditions. An experienced agent will know important details such as whether or not there is competition for the home you?re interested in, or if the sellers are in a hurry to sell. These details can make or break your offer.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Top 4 Tips for Selling a Vacant Home
A vacant home?regardless of how nice the property?can seem eerily empty and lacking in character and warmth, and selling a vacant home is more difficult than selling a furnished one, no matter the market conditions. However, if you are trying to sell a vacant home?whether it?s a second home or a space you were unable to sell before moving to a new location?there are a few key tips that can make the process easier and help provide a quicker selling time, and a better selling price.
Sweat the small stuff. Once furniture is removed from a space, even the slightest imperfections become apparent. An older carpet that was once disguised by a modern sofa and coffee table is now blaringly out-of-date. Holes in the wall or a hallway in need of a fresh coat of paint are now obvious. Spend extra time fixing up any noticeable damages, repainting, and caulking, getting new carpets, pressure washing and fixing up anything in need of repair.
Air it out. It?s amazing how quickly an empty house can begin smelling stale and musty. Before a showing, throw open windows and doors to allow for fresh circulation, and consider some mildly scented candles or air fresheners.
Amp up curb appeal. Since the house may be lacking inside in terms of character, make sure the exterior packs a punch. Not only should you clear clutter and debris from your yard (children?s toys included), keep grass neat and repair those broken fence posts, but you should also consider planting new flowerbeds, upgrading that tired front walk or even hiring a landscaper.
Consider staging. Even if you have moved all your furniture out, you may want to consider hiring a staging company that offers furniture rental. These professionals can make an empty space into a scene of warmth and comfort.
Remember, potential buyers are not just looking for a roof over their head. They are looking for a place to start a new chapter in their life. You want to show them everything your property has to offer. Since vacant homes often sell for considerably less?typically 15-20 percent lower than the asking price!?hiring a staging company is usually a solid investment.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 In Real Estate
As Prices Stabilize and Inventory Shrinks, This Could be the Time to Sell
According to the latest quarterly report from the National Association of Realtors® (NAR), median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions.
The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas (MSAs) based on closings in the first quarter from the same quarter in 2011. Additionally, a new breakout of income requirements on a metro basis shows most buyers have the necessary income to buy a home in their area, assuming a favorable credit rating.
Lawrence Yun, NAR chief economist, expects home prices to continue to improve. ?Given the steadily dwindling supply of inventory and notably higher listing prices that are being negotiated today, prices are expected to show further improvements in the near future,? he explains.
This slowly dwindling housing inventory is good news for homeowners who had wanted to sell their home over the past few years, but who held off until prices began improving. According to the NAR report, at the end of the first quarter of this year, there were 2.37 million existing homes available for sale, which is 21.8 percent below the close of the first quarter of 2011 when there were 3.03 million homes on the market. There has been a sustained downtrend since inventories set a record of 4.04 million in the summer of 2007.
What?s more, total existing-home sales, including single-family homes and condos, increased 4.7 percent to a seasonally adjusted annual rate of 4.57 million in the first quarter - 5.3 percent above the 4.34 million level during the first quarter of 2011 when sales spiked.
?This is the highest first quarter sales pace since 2007,? says Yun. ?With strong market fundamentals, total home sales this year should rise 7 to 10 percent.?
Among the groups currently driving home sales and prices are first-time buyers, many of whom have been renting until the market ? and their financial situations ? showed signs of improvement. First-time buyers purchased 33 percent of homes in the first quarter.
More good news for prospective home sellers - the share of all-cash home purchases in the first quarter was 32 percent, up from 29 percent in the fourth quarter. Investors, drawn by bargain prices and who make up the bulk of cash purchasers, accounted for 22 percent of all transactions in the first quarter, up from 19 percent in the fourth quarter; they were 21 percent a year ago.
If you?re considering putting your home on the market as favorable conditions continue to tick upward, contact a real estate professional who is knowledgeable on the nuances of your particular neighborhood. Remember, no matter what the national data shows, real estate is ultimately a local business.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 In Real Estate
How to Choose the Right Appliance
Investing in a new appliance may be costly, but it is also an important investment for your home, one that should both enhance your current lifestyle and increase your home?s value when it comes time to sell.
When shopping for appliances, the least expensive product often seems like the best bet, especially in today?s economy. However, the lowest-priced appliance may end up costing you more than an expensive one. The true cost of owning a home appliance actually has three components: the initial purchase price; the cost of repairs and maintenance; and the cost to operate it.
To figure out how much you'll spend over the lifetime of the appliance, you have to look at all these costs. The appliance with the lowest initial purchase price, or even the one with the best repair record, isn't necessarily the one that costs the least to operate. You must also take into consideration the energy efficiency of an appliance through the yellow-and-black EnergyGuide label it displays. The Federal Trade Commission's (FTC) Appliance Labeling Rule requires appliance manufacturers to put these labels on a variety of appliances, including refrigerators, freezers, dishwashers, clothes washers, water heaters, central air conditioners, and pool heaters.
When shopping for a new appliance, the FTC recommends keeping the following in mind:
Select the size and style. Measure the space the appliance will occupy to be sure your new purchase will fit. Make sure that you'll have enough room to open the door or lid fully and enough clearance for ventilation.
Know where to shop. Appliance outlets, electronics stores and local retailers carry different brands and models. Dealers also sell appliances through print catalogs and the Internet.
Compare the performance of different brands and models. Ask to see the manufacturer's product literature. Decide which features are important to you. Ask questions about how the different models operate: Are they noisy? What safety features do they have? What about repair histories? How much water do they use? How energy efficient are they?
Estimate how much the appliance will cost to operate. The more energy an appliance uses, the more it will cost to run. Consult the EnergyGuide label to compare the energy use of different models. The difference on your monthly utility bill can be significant, especially when considered over the 10-to-20-year life of the appliance. You could save money over the long run by choosing a model that's more energy efficient, even if the purchase price is higher.
Ask about special energy efficiency offers. Ask your salesperson or local utility about cash rebates, low-interest loans or other incentive programs in your area for energy-efficient product purchases and how you can qualify.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
How an Appraisal Can Help Sell Your Home
While it?s standard practice for real estate professionals to conduct a Comparative Market Analysis (CMA) to help price your home correctly for sale, you may also want to discuss with your agent the possibility of investing in an appraisal before you put your home on the market.
Appraisals have long been a part of the transaction process for home buyers, however, pre-sale appraisals for home sellers have risen in popularity as a way to help confirm that your home is listed at the best possible price.
A home appraiser will compare the condition of your house in relation to the comparable properties and will give you a reasonably good idea where your house fits in relation to recently sold properties.
An appraisal can range in length from two pages to more than 100 and will include details about the house, a description of the neighborhood and side-by-side comparisons of similar properties.
The appraisal report will also contain an evaluation of the area?s real estate market, notations of major problems with the property that will affect its value, and an estimate of the expected time it will take to sell the property. This also gives you a chance to correct problems before officially putting your house on the market?a sure-fire way to ensure a quicker sale.
Choosing the right appraiser is critical, however?whether you are selling or buying a home. Work with your agent to select an appraiser who understands the nuances of your particular neighborhood, as prices can vary significantly based on school district and street location.
The Appraisal Institute offers the following tips for consumers, providing important guidance for homeowners and buyers seeking to ensure their sales are completed in a timely manner:
Make sure a qualified appraiser is hired (such as a designated SRA, SRPA or MAI member of the Appraisal Institute). The lowest priced appraiser does not necessarily equate with the most qualified.
Accompany the appraiser during the inspection of the property, if possible. The more active of a participant you are in the process, the more you will understand it and be able to catch any errors.
Request a copy of the appraisal report. Federal law requires that you receive a copy of the appraisal within 30 days.
Appeal the appraisal if appropriate. Market conditions do change, especially in these economic times. If you feel that new information may change the appraisal, be sure to contact them.
Have your agent ask the lender to order a second appraisal by a qualified and designated appraiser.
File legitimate complaints with appropriate state board or professional appraisal organizations.
Remember, one doesn?t need to agree with the outcome of an appraisal. A home appraisal, no matter how scientific, still ends up being the opinion of the appraiser and, to some degree, a judgment call. However, the appraisal, when combined with your agent?s expertise on market conditions, will be a powerful way to determine the very best price for your home.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
How to Recognize a Credit Repair Scam
As the economy and the real estate market show hopeful signs of improvement, opportunities continue to abound for prospective homebuyers. However, the jury?s still out on whether or not lenders will begin to loosen their lending criteria...and to what degree. Improving your credit profile will be integral to securing a mortgage and moving forward on that home you?ve been eyeing.
The good news is, there are many proactive steps you can take to repair less-than-perfect credit?but it will take time. Unfortunately, there are many bogus organizations who claim they can fix your credit problems quickly. It?s important that you understand fact from fiction before proceeding with any such firm.
The Federal Trade Commission (FTC ) offers the following red flags to watch for from a credit-repair service:
Claim: The company wants you to pay for credit repair services before they provide any services.
Fact: Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the credit repair services they promised.
Claim: The company doesn?t tell you your rights and what you can do for yourself for free.
Fact: The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. This investigation doesn?t cost any money.
Claim: The company recommends that you don?t contact any of the three major national consumer reporting companies (Equifax, Experian, and TransUnion) directly.
Fact: Under the Fair Credit Reporting Act (FCRA), the consumer reporting company and the information provider (the person, company, or organization that provides information about you to the consumer reporting company) must correct inaccurate or incomplete information in your report. To take advantage of all your rights under the FCRA, contact the consumer reporting company and the information provider in writing.
Claim: The company tells you they can get rid of most or all the negative credit information in your credit report, even if the information is accurate and current.
Fact: Any credit repair company that claims to be able to legally remove accurate and timely information from your credit report is lying. There?s no easy fix for bad credit. Improving your credit takes time and a conscious effort to pay your debts.
Claim: The company suggests that you apply for an Employer Identification Number to use instead of your Social Security number so you can invent a ?new? credit identity ? and then, a new credit report.
Fact: If you follow illegal advice like this, you may find yourself in hot water. It?s a federal crime to lie on a loan or credit application, to misrepresent your Social Security number, or to get an Employer Identification Number from the Internal Revenue Service under false pretenses. You could be charged and prosecuted for mail or wire fraud if you use the mail, telephone, or Internet to apply for credit and provide false information.
Your real estate professional or financial advisor can point you in the right direction for learning the specific steps you can take to repair your credit. They can also suggest lending options that might be available to you.
Source: Top 5 in Real Estate
2012 Allergy Season Is Under Way
Courtesy of Crozer-Keystone Health System
Americans More Positive About Economy, Housing
After several years of understandable negativity toward the economy and the real estate market, a new survey shows that Americans? concerns about key economic and housing issues are beginning to subside.
Fannie Mae?s February 2012 National Housing Survey shows that consumer attitudes have stabilized across most indicators?including personal finances, housing, and employment?compared to late summer and fall of 2011. The survey polls 1,003 Americans via telephone interview to assess their attitudes toward owning and renting a home, mortgage rates, homeownership distress, the economy, household finances, and overall consumer confidence. Homeowners and renters are asked more than 100 questions used to track attitudinal shifts.
The survey shows that the most dramatic change revolves around the economy?35 percent of Americans now feel that the economy is on the right track, up 19 percentage points since November, and 57 percent think the economy is on the wrong track, down 18 percentage points since November.
Americans? confidence about personal financial situations, household income, and household expenses, as well as attitudes about homeownership and renting is holding at steady levels. Also important to note, Americans? concerns about losing their job in the next 12 months has stabilized since the late fall, with 76 percent of Americans saying they are not concerned in February 2012, compared to 70 percent in November 2011. Fannie Mae believes that the recent pick-up in the pace of hiring over the past few months is directly responsible for alleviating consumer concerns about unemployment.
Here are some additional highlights from this important survey:
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
Tips for Making Tax Time Less Taxing
If you?re one of the many Americans who dreads the approach of April 15, don?t despair. The stress that?s often associated with tax season usually stems from disorganization. With the right planning, however, you can approach filing your taxes with a sense of order and control, which will result in accomplishing the task and receiving your refund check even sooner.
This year?s official tax due date is Tuesday, April 17, so there?s still plenty of time to collect and prepare the necessary documentation?usually the most time-consuming and overwhelming part of the filing process. Here are a few suggestions to help move things along and reduce stress:
Get organized. Employers, banks and other institutions must send all tax documents by the end of January, so a checklist of documentation needed can help. Check off items as they arrive to easily determine which ones are still needed prior to starting the filing process.
e-File. According to USA.gov, over 100 million people will electronically file their tax return this year. Tax software from companies such as Turbo Tax and H&R Block not only have easy-to-use e-file features, but also offer a number of additional benefits, including faster tax submissions and returns, increased accuracy, and greater security.
Look for discounts. Taxpayers can save time and money by finding online offers and discounts on sites like DealTaker.com and Coupon Sherpa to purchase tax software programs, tax-related services, and office supplies.
Access tax resources. Not everyone can e-file, so individuals need to know where to find all the necessary paperwork for a mailed return. Since the IRS no longer mails tax forms, taxpayers can visit www.irs.gov to download tax forms or visit a local library for printed copies.
Ask questions. Some of the major tax companies offer free tax advice or access to professionals who can answer a variety of tax-related questions. Taxpayers should take advantage of these services to avoid paying more or filing incorrectly.
Think ahead. Since tax filing is a yearly event, a little pre-planning for next year will go a long way toward reducing the stress and time associated with tax preparation. Visit office supply stores such as Staples, Office Max, and Office Depot to stock up on file folders, envelopes, shredders, and more to help organize receipts and other paperwork for 2012. Also consider using a finance management software such as Mint.com and Quicken to track income and expenses over the coming year.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
Faulty Foreclosure? You May be Entitled to Compensation
The federal government made headlines recently with the announcement of a historic $26 billion foreclosure settlement deal among leading banks and states attorneys general. On the heels of that announcement, an important deadline was extended this week for those who believe they may have suffered financial injury as a result of errors in foreclosure actions on their homes in 2009 or 2010 by one of the servicers covered by enforcement actions issued in April 2011.
If you are seeking a review of your mortgage foreclosure under the Federal banking agencies' Independent Foreclosure Review, you now have until July 31, 2012, to submit your requests.
The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) announced this deadline extension just yesterday. Borrowers now have an additional three months to pursue a review of their foreclosure. The OCC and the Fed felt it was important to extend the deadline in order to increase awareness, explain the process and encourage the broadest participation possible.
As part of enforcement actions issued in April 2011, the OCC, Federal Reserve, and the Office of Thrift Supervision required 14 large mortgage servicers to retain independent consultants to conduct a comprehensive review of foreclosure activity in 2009 and 2010 to identify borrowers who may have been financially injured due to errors, misrepresentations, or other deficiencies in the foreclosure process. If the review finds that financial injury occurred, the borrower may receive compensation or other remedy.
You are eligible for an Independent Foreclosure Review if you meet the following basic criteria:
The mortgage loan was serviced by one of the participating mortgage servicers.
The mortgage loan was active in the foreclosure process between January 1, 2009 and December 31, 2010.
The property securing the mortgage loan was the borrower's primary residence.
Participating mortgage servicers include: America's Servicing Company, Aurora Loan Services, BAC Home Loans Servicing, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage, Countrywide, EMC, Everbank/Everhome Mortgage Company, Financial Freedom, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, U.S. Bank, Wachovia Mortgage; Washington Mutual, Wells Fargo; and Wilshire Credit Corporation.
For more information, visit www.occ.gov/independentforeclosurereview.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Homebuyers Move off the Fence as Mortgage Rates Drop Yet Again
If you?ve been considering buying your first home or moving up to a larger home, conditions have once again turned in your favor. According to Bankrate.com's weekly national survey, mortgage rates hit yet another record low, with the average 30-year fixed mortgage rate falling to 4.12 percent. The average 30-year fixed mortgage has an average of 0.29 discount and origination points.
Meanwhile, the average 15-year fixed mortgage retreated to 3.34 percent, while the jumbo 30-year fixed mortgage slid to 4.55 percent. The average 5-year and 7-year adjustable mortgage rates dropped to 3.02 percent and 3.24 percent, respectively. All of these are record lows.
This most recent drop in rates was just announced by Ben Bernanke and the Federal Reserve, along with a pledge to keep short-term interest rates on hold until late 2014. However, given the continued volatility in the market, along with the unpredictable nature of a presidential election year, if you?re considering a home purchase or a refinance, act quickly to take full advantage of low rates.
Bankrate points out just how significant these historic rates really are. Think about this: The last time mortgage rates were above 6 percent was November 2008. At the time, the average 30-year fixed rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now at 4.12 percent, the monthly payment for the same size loan would be $968.72, a difference of $273 per month for anyone refinancing now.
Here are other important specifics from Bankrate's national weekly mortgage survey:
30-year fixed: 4.12 percent - down from 4.25 percent last week (avg. points: 0.29)
15-year fixed: 3.34 percent - down from 3.45 percent last week (avg. points: 0.30)
5/1 ARM: 3.02 percent - down from 3.09 percent last week (avg. points: 0.31)
If you?d like to take advantage of these incredible market conditions, remember to do the following before embarking on your home search:
Make sure your finances are in order and your credit is in good shape.
Research homes in neighborhoods you?re interested in online first to help narrow your selection. This will save time when viewing homes in person, allowing you to place a bid faster.
If you need to sell your current home first, contact a real estate professional right away to find out what repairs/improvements you might need to make before putting your home on the market.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 In Real Estate
Largest-Ever Housing Deal Will Help More Than 1 Million Homeowners
RISMedia reported that after more than a year of negotiations, the nation?s biggest banks, states attorneys general and federal officials have announced the largest housing settlement ever?more than $26 billion?over foreclosure practices. The deal is expected to offer relief to more than one million U.S. homeowners who are having trouble paying their mortgages or have lost their homes to foreclosure.
The states and federal authorities have been in discussions for more than a year with banks over the ?robo-signing? crisis?the practice of assigning bank employees to rapidly approve numerous foreclosures with only cursory glances at the glut of paperwork to determine if all the documents are in order.
The settlement is with five big banks: Bank of America Corp., J.P. Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co., and Ally Financial Inc., the company formerly known as GMAC.
Of the $26 billion, $17 billion must be spent toward direct relief to borrowers, with a big chunk of that?60 percent?going toward principal reductions, or the write-downs of mortgage debt, as well as other kinds of loan modifications or assistance. According to reports, the amount must be spent within three years, or banks will need to make cash payments to regulators.
Housing industry officials were quick to praise the settlement as a positive step, but cautioned that it will not resolve all the industry?s problems.
Under the terms of the settlement, $5 billion will go toward a reserve account for state and federal programs and to individual homeowners harmed by bank practices. Negotiators have said that about 750,000 people could receive checks for about $1,500 to $2,000.
About $3 billion will go toward helping borrowers who are current on their mortgages but have no equity in their homes to refinance into new, lower-cost loans. The program will be similar to an existing Obama administration program that seeks to help underwater homeowners.
Two key states crucial to the settlement?California and New York?had been holdouts to the deal amid round-the-clock negotiations as late as Wednesday.
According to reports, there are nine other financial institutions with mortgage servicers that are in discussions with states and federal regulators, and if they are included, the final settlement could increase by billions of dollars. If these other servicers participate, the total settlement could rise to between $30 billion and $45 billion in housing relief, reports said.
The next step is for the settlement to be filed as a judgment in federal court within a couple weeks. The court will need to approve the judgment. After that, servicers will be obligated to write a check and deposit some funds into an escrow trust that will distribute cash to federal governments and states.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
What You Need to Look for in a Real Estate Professional
Let's face it -- in today's challenging economy, every penny you can save matters. That's why some homeowners go it alone when it comes time to sell their home. However, according to a recent survey conducted by the Multiple Listing Service MRIS, the vast majority of consumers say working with a real estate professional is the only way to go ... especially in today's market.
In this landmark study examining the home-buying and -selling preferences of consumers in the Mid-Atlantic region, 95% reported that working with a real estate professional is just as important, if not more important, than it was just a few years ago. As a Member of the Top 5 in Real Estate Network®, I know for a fact that this rings true for all areas across the country.
As the MRIS survey reveals, today's consumers recognize this is not the time to complete a real estate transaction on their own, and are placing a stronger emphasis on an agent's professional skills. As such, the following criteria were ranked as the most critical factors in choosing a real estate agent (in order of importance):
Trustworthiness
Experience
Willingness to look out for a client's interest
Expertise in negotiating contracts
Responsiveness
Familiarity with contracts
Knowledge of the local community
The above requirements are evidence that consumers are seeking more than simple guidance ... they are looking for an expert they can trust to execute a step-by-step process throughout the entire transaction. While most consumers rely on the Internet as the first step in the home-buying and -selling process, a professional, experienced real estate agent -- such as a member of the Top 5 Network -- is critical in helping consumers filter through the copious amounts of information available online in order to make the optimal real estate decision for their specific situation and location.
If you would like more information regarding what to look for in a real estate agent, and specific questions you should ask an agent during an interview, please e-mail me. I encourage you to also forward this email to anyone in your social network who may be considering a real estate transaction.
Source: Top 5 in Real Estate
What You Need to Know Before Refinancing
During his State of the Union address on Tuesday, President Barack Obama called on Congress to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record-low mortgage rates.
While details of the program have yet to emerge, the new legislation - in theory - is designed to give responsible homeowners a reasonable chance to refinance without running into roadblocks from lenders. This would also give homeowners an opportunity to take advantage of today?s continued, record-low interest rates.
According to CoreLogic, a company that tracks national mortgage activity, an estimated 28 million homeowners could cut the interest rates on their loans by more than one percentage point if they could refinance. If you?re one of the many homeowners considering a refinance, here are some important facts you need to know first. Be sure to consult with your real estate agent and/or financial advisor, as well.
Make sure you are in good standing on your mortgage. As the President emphasized, refinances will be considered for those homeowners who have a good payment history and are current on their mortgages. If you?re currently underwater, a refinance is probably not an option for you. Consult your real estate professional about other options, including loan modifications and short sales.
Check your current credit score. Refinance candidates need to demonstrate steady income and good credit. Make sure your credit rating is up to snuff and see what immediate measures can be taken to improve it if it?s not.
Examine how much longer you plan to live in your home. If you are planning to put your home on the market in the near future, refinancing probably doesn?t make sense. You need to make sure you?ll be living in your home long enough to recoup the closing costs of the refinance.
Consider the length of the loan. Where you?re at with your current mortgage can play a significant role in your decision to refinance. If you?re close to retirement, for example, and your loan is almost paid off, refinancing could result in extending the life of your loan, ultimately costing you more. Also, if you're several years into a 30-year mortgage, your goal should be to refinance into a 15- or 20-year mortgage instead. Otherwise, you?re extending the number of years in which you?ll pay interest. Your refinancing goals should be short-term and long-term savings.
Find out the costs involved. Before you plunge into a refinance, find out the costs involved. Weigh these fees against the money you will save (contingent upon how long you plan to stay in your home) to make sure refinancing is the right step.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
4 Ways Your Credit Card Agreements Could Change - for the Better
Do you remember the last credit card you signed up for? More importantly, do you remember the actual contract? While credit card agreements outline such essential information as costs, features, and terms of the product, they are often long, complicated, and written in legalese. Unfortunately, key information about interest rates, fees, billing, and payments is often surrounded by legal fine print.
That?s why the Consumer Financial Protection Bureau (CFPB) launched the Know Before You Owe project, a program designed to provide better consumer transparency in several areas, such as credit card agreements, so that consumers could have a better understanding of the prices, risks, and terms involved before signing on the dotted line.
According to the CFPB, there are an estimated 514 million credit cards in circulation in the United States. Americans used their credit cards to spend an estimated $1.9 trillion in 2010, and credit card debt is estimated at $700 billion dollars. The CARD Act, which was signed into law more than two years ago, was passed to make credit card costs more reliable?with less risk of unexpected rate increases or other charges.
But despite this progress, a recent study by J.D. Power found that roughly two-thirds of cardholders say they don?t completely understand how their cards work. And, as indicated in a recent CFPB report on credit card complaints received by the Bureau from July 21 to October 21, 2011, difficulty understanding the terms of their cards is a contributing factor in many consumer complaints.
With this in mind, the CFPB has created a prototype credit card agreement that is shorter, written in plain language, and explains key features upfront. This prototype is scheduled to be tested with the Pentagon Federal Credit Union to get on-the-ground consumer feedback before it becomes official.
Here are the four key improvements the CFPB prototype offers:
Shorter: The CFPB?s prototype is shorter ? its word count is about 1,100 words, while the industry average for a credit card agreement is around 5,000 words.
Clearer: The draft credit card agreement has an easy-to-read layout and is written in plain language. It is organized into three simple sections: costs, changes, and additional information.
More consumer-friendly: The simplified agreement explains the prices, risks, and features of the credit card upfront, as opposed to burying it in fine print.
Consistency: The prototype establishes standard definitions for legal terms like ?card? and ?balance transfer? that are contractually necessary but largely uninformative to consumers. These definitions are based on standard industry usage and practices and will be housed online where consumers can readily access them. For consumers who do not have Internet access, the definitions will be available from their issuer in printed form. According to the CFPB, doing this allows for a plain language document that clearly explains to consumers how the credit card works.
For more information about Know Before You Owe, and to view a copy of the prototype credit card agreement and the database, visit www.consumerfinance.gov.
As a Member of the Top 5 in Real Estate Network®, I have a wealth of real estate and homeownership information that may be of help to you. Feel free to contact me any time to learn more about this important information, and be sure to forward this article on to any friends or family that may be interested as well.
Source: Top 5 in Real Estate
5 Questions to See if it is Time to Move Up
With the media constantly talking about the real estate and mortgage markets, many people are left with raised eyebrows considering their next move. The following questions are designed to help you figure out if now is the right time to upgrade to a larger home or different location.
1. Are interest rates low? Rates have been holding at some of the lowest in decades, though you also may want to consider that the criteria have become substantially more strict. Talk to your mortgage advisor (or if you need a new mortgage contact, give me a call and I can give you a few suggestions) to see where you stand.
2. Is there equity in your current home? Most equity begins to build after your first five years paying your mortgage. If you have been in your home longer than 5 years or you've been paying extra toward the principle on your mortgage, a move could be in your near future. If you have been in your home a shorter period than that or depending on the purchase price of your home when you bought it, you may need to save more to move up to your forever home.
3. What do you think of your town/city? Are you happy with the school district your kids are in? Do you have a long commute? Hey, let's face it - if your children are in an award winning school or you work 5 minutes from home, then you are probably happy. If you take 2 busses, a trolley and a train - one way - to get to your job, you may want to consider a move.
4. Has there been a positive change in your financial situation? If you have just received a financial windfall or your job has given you a substantial raise, you may be able to afford a home that is better for your needs.
5. Are you familiar and comfortable with this market? Today's market is a slower market for sellers, meaning it may take longer to sell your home. While finding a buyer usually takes more time, pricing and condition may also help make your home more appealing to buyers. You will also find, as you are looking for your new home, that better pricing, condition of home and more selection will work in your favor.
The Right Way to Manage Your Credit Cards
While one in seven Americans has at least 10 credit cards, the average is four, according to a report from Experian. Usage on credit cards has dropped dramatically in the last few years as financially constrained consumers have reduced spending and begun paying off debt.
As a member of the Top 5 in Real Estate Network, I know that mortgage-seeking clients are always asking for advice on how to improve their credit profile, such as the number of credit cards they should have. According to the experts at Approvalguard.com, however, it's not just the number of credit cards you have, but how you use and manage those cards.
Here are some critical tips for managing your credit cards in order to maximize your credit profile:
Well-managed credit cards will assist you in establishing a stronger credit profile and better credit scores that can potentially lead to lower interest rates and terms when applying for home loans. For more information on shoring up your credit profile, please contact me!
Source: Top 5 in Real Estate
5 Tips for Selling Your Home In Winter
When people are out looking at houses during the winter, they are usually seriously considering purchasing a home. Here are some tips to encourage these buyers to look a little longer at your home during the colder season.
Keep It Bright! Turn on all your lights - inside and out, open the blinds and curtains, and try to encourage day time showings! Keeping the showings between 9am and 3pm during winter months is best for natural lighting.
Be Mindful of the Entrance. Make sure there is parking and a clear walkway to the front door. If you have a HOA or Condo association, don't assume they know when your showings are. Have salt and a shovel on hand, just in case. This is the first impression for buyers so make sure that their thought can be on how beautifully decorated the home is....
Pay Attention to Your Decorations! Christmas, Hanukkah, Kwanzaa, New Year's, Valentine's Day. Try to give a simple and tasteful showing of your holiday cheer and be sure to remove it as quickly once the holiday has passed. A Christmas tree in February is not showing your best attention to detail.
Watch that Heat!! Most people coming through in Winter are wearing coats, sweaters and wool socks. Keeping the heat between 63-67 degrees allows for the additional outerwear without baking your potential buyers.
Lead with Your Nose! Light a fragranced candle, put some cookies in the oven to bake on low and if you have animals, make sure that their areas are cleaned. Wash, dry and Febreeze bedding, empty litter boxes more often, make sure water areas are clean and in general, maintain the areas that your beloved pets inhabit. An air purifier is a great idea for pet lovers as we don't always smell our furry friends - but someone with a sensitivity or allergy definitely will. Open doors and windows on milder days to air out the stale winter air and if you have a trusted friend or neighbor, have them come take a sniff. Better to hear it from someone close than from a buyers agent as a reason their clients bought the neighbors house.
5 Things to do Before Listing Your Home this Spring
We are all out and about for the holidays and are super busy this time of year. Soon enough, it will be 2012 and if you are thinking about selling your home in the New Year, here are a few tips to get you ahead of the game.
1. Organize and de-clutter. As you take down your holiday decorations, try to decide if you really need to put the regular decorations up. Removing your least used items - exercise equipment, kitchen appliances, etc., can open up your space and make it look larger. Also, if you are moving, Great Aunt Gertie's 90th birthday celebration pics might not need to be on the mantle, at least for the time being. Remember, items that are sentimental to you are exactly what need to be packed up. Many buyers need a very clean slate so that they can visualize their own belongings in your space.
2. Clean. This probably goes without saying for most, but just in case, please remember to clean your house. Get stains out of the carpet, crayons off the walls, dust off the baseboard and vacuum behind the sofa. Buyers will find it more appealing and doing this now will make it easier to touch up when you are ready to put your home on the market.
3. Locate your owner's manuals and warranties. These are great to display for buyers for showings and open houses. Try to find as many as you can including those for you washer and dryer, dishwasher, carpet, hardwood, roof, HVAC unit, microwave and so on. You may also find useful information about the life expectancy or replacement value.
4. Think about curb appeal. You never get a second chance to make a first impression and your home exterior is no different. Stand in front of your own home and take a look as if it is the first time you are seeing it. Are the shutters in good order? Is the front door painted? Is the address visible? Are your plants shaped and groomed, especially around the main entrance of the home?
5. Get estimates on big ticket items. Is your carpet worn out? Is your roof 50 years old? You don't necessarily have to replace these big ticket items. Having estimates on how much it will cost will help buyers determine if they can afford to replace them.
If you have any other questions about getting your home ready to sell, I am here with answers!! Please do not hesitate to contact me at 610-520-6505 or email me at maureen@maureeningelsby.com.
Tips for Winter
As we have just turned our clocks back and hopefully, replaced the batteries in our smoke detectors, now is the perfect time to do some additional home maintenence in preparation for the winter months. Taking a day or so out of our busy lives can lower energy and heating costs as well as save us from aggrevation in the snowy season.
Schedule your heater service. Call a qualified HVAC service/repairman to visit your home before you really need a repair. Replacing filters increases energy use and yearly maintenance lowers the chance of an unknown, untimely and possibly large, repair bill. Remember that setting your thermostat carefully and thoughtfully can save energy. In the 60-70 degree range, every degree lower saves up to 5% in energy cost.
Insulate pipes. Broken pipes = big messes. By making sure the appropriate insulation is being utilized and pipes that are supposed to be insulated are done so correctly, costly repairs can be avoided. By insulating the first 5 feet of pipe that comes out of your water heater, you save on energy costs as well.
Clean the gutters. We all think about it when they are dripping over the sides because they are filled with leaves or snow. Cleaning the gutters now, after many of the leaves have fallen, can save the gutters from more permanent damage. Some people can do this on their own and others need the assistance of a professional. Figure out your comfort level and make the choice that is correct for you.
Roof and flashing. Know of anyone that was on their roof cleaning off snow with a broom? Imagine the weight of last year's snow storms on your roof. By checking the condition of your roof and flashing now, you can avoid the panic and worry of an emergency roof repair this winter.
Caulk, caulk, caulk. Nobody really wants to heat the neighborhood. With a few tubes of caulk and a couple hours of time, you can revisit your windows, door frames, doors and any other area to the exterior that air or insects can get into.
Walk your yard. Find and put away or dispose of any items that could be blown with a gusty wind. From yard decorations to tree branches, these items could cause damage to your home in the right (or wrong) storm.
Take a few precautions now and avoid potential headaches this winter. Please feel free to contact my team for our list of local contractors or with any real estate questions.
Home Buyer University
First Time Homebuyers Online Workshop:
20 Things You MUST Know Before You Buy Your First Home!
Get questions answered while you are in the comfort of your own home.
No cost to you and no obligation!
Register Now For This FREE Workshop!!
Maureen Ingelsby, Realtor
Keller Williams Main Line Realty
720 W. Lancaster Ave, Bryn Mawr, PA 19010
Office:610-520-0100, ext.6505
Mobile: 610-574-6203
Calling All Sellers!!
Here is the date for my upcoming seminar! Don?t forget to call the office to register!
Learn what is going on in the market place today! There is a time and place to get the answers you need ? and this is it!!
Wednesday, March 16th from 7pm-8pm
The Real State of Real Estate for Sellers Seminar
Keller Williams Main Line Realty, 720 W. Lancaster Ave, Bryn Mawr, PA 19010
No cost to you and no obligation. Handouts will be provided! Call today to register: 610-520-6505
Calling all sellers!
Here is the date for my upcoming seminar! Don?t forget to call the office to register!
Learn what is going on in the market place today. There is a time and place to get the answers you need ? and this is it!!
Wednesday, March 16th from 7pm-8pm
The Real State of Real Estate for Sellers Seminar
Keller Williams Main Line Realty, 720 W. Lancaster Ave, Bryn Mawr, PA 19010
No cost to you and no obligation. Handouts will be provided! Call today to register: 610-520-6505
More Seminars for Boomers and Seniors!
Learn what is going on in the market place today! There is a time and place to get the answers you need - and this is it!!
Thursday, February 17th from 10am-11:30am
The Real State of Real Estate for "Boomers" Seminar
I'll answer all the questions you are faced with when it is time to consider downsizing: how to get ready, what the current market is like, how to determine what kind of lifestyle you would like, information about 55+ communities and more. Get ready for the newest phase in your life!!
Wednesday, February 23th from 7pm-8:30pm
The Real State of Real Estate for Sellers Seminar
Are you thinking of selling your home? Learn about today's market, how to get your home ready for sale, what to expect in the process, the buyers' mindset and more!
Saturday, February 26th from 10am-11:30am
The Real State of Real Estate for "Boomers" Seminar
No cost to you and no obligation. Handouts will be provided! Call today to register: 610-520-6505
Class to be held by Maureen Ingelsby of Keller Williams Main Line Realty
720 W. Lancaster Ave, Bryn Mawr ,PA 19010. Office : 610-520-0100
Upcoming seminars for Buyers!
Announcing this week's seminars!! Come to the Boscov's at Granite Run Mall, 1067 W. Baltimore Pike, Media, PA 19063.
Learn what is going on in the market place today! With Buyers, Sellers and Seniors Seminars throughout the month of February, there is a time and place to get the answers you need - and this is it!!
Thursday, February 10th from 7pm to 8:30pm
The Real State of Real Estate for Buyers' Seminar
Sunday, February 13th from 1:30pm-3pm
The Real State of Real Estate for Buyers' Seminar
No cost to you and no obligation. Handouts will be provided! Call today to register: 610-520-6505
Class to be held by Maureen Ingelsby of Keller Williams Main Line Realty
720 W. Lancaster Ave, Bryn Mawr ,PA 19010. Office : 610-520-0100
Buyers, Sellers and Seniors Real Estate Classes at Boscov's Granite Run Mall
Are you thinking of selling your home? Are you faced with
questions about downsizing? Are you wondering what the market is like for
buyers today?
Learn what is going on in the market place today! With Buyers, Sellers and
Seniors Seminars throughout the month of February, there is a time and place to
get the answers you need - and this is it!! Come to the Boscov's at
Granite Run Mall, 1067 W. Baltimore Pike, Media, PA 19063.
Saturday, February 5th from 10am-11:30am
The Real State of Real Estate for Boomers
Saturday, February 5th from 11:30am-1:00pm
The Real State of Real Estate for Sellers' Seminar
Tuesday, February 8 from 7-8:30 pm
The Real State of Real Estate for Sellers' Seminar
Thursday, February 10 from 7-8:30 pm
The Real State of Real Estate for Buyers' Seminar
No cost to you and no obligation. Handouts will be provided! Call today to
register: 610-520-6505
Class to be held by Maureen Ingelsby of Keller Williams Main Line Realty
720 W. Lancaster Ave, Bryn Mawr ,PA 19010. Office : 610-520-0100
Why You Should Buy a Home Now?Even after the Tax Credit
While much press coverage has been given to the recent first-time and move-up buyer tax credit, there are many time-sensitive factors that make the current climate an exceptional time to buy a home?even without the tax credit.
As a Member of the Top 5 in Real Estate Network®, I have seen many real estate markets come and go, and I know for a fact that the many outstanding opportunities that exist for home buyers today will not be around forever.
Besides mortgage interest rates that have been hovering at near-record lows, homes in many markets have become more affordable. Prices have moderated from the highs of the housing boom that occurred in most of the country, especially in major markets where they had increased significantly.
According to the National Association of Home Builders (NAHB), new construction homes are an especially wise investment for home buyers. New homes are generally built to be much more energy efficient than homes constructed a generation ago, making them more affordable to operate. Plus, new homes often incorporate open floorplans, flexible spaces, improved safety features and low-maintenance materials?making them well-suited for today?s modern families.
So, if you?re thinking about buying a home, please don?t count on interest rates or prices staying at current levels?I?ve seen them change unpredictably and quickly! Mortgage rates are sensitive to market conditions, and even a slight increase can push monthly payments beyond a family?s budget. As the country recovers from the recession and people stabilize their financial situations, NAHB economists expect that home prices will begin to increase by 2011.
For further advice on buying a home or market conditions, feel free to e-mail me anytime. And be sure to pass this information on to friends and family who might also be considering a real estate purchase.
Source: Top 5 in Real Estate Network
Delaware County Sheriff Sale information
No increase in sheriff?s sale in Delaware County
Despite the downturn in the economy, the number of sheriff?s sales in Delaware County has remained stable over the past several years. County Sheriff Joeseph McGinn?s office is working with members of the Delaware County Bar Association and attorneys representing a number of lenders to come up with a way to help homeowners facing foreclosure.
Source: Daily Times; 2/22/09
Newtown Square neighborhood information
JUST AN FYI!
BPG tries a new approach for town center in Newtown
The town center debate has been revitalized by Berwind Properties Group?s latest request to develop the Ellis Preserve as a planned residential development. Township planners recently wrestled with the town center approval ? a beleaguered process that is approaching five years, with no end in sight. After an hour of discourse, planners and BPG agreed to resume the planned residential development discussion at the commission?s March 12 meeting. The planning commission had held a series of special sessions in June to craft a zoning overlay ordinance that would change the zoning of the Ellis tract and allow a mixed-use town center. Township supervisors ultimately voted 3-2 in October to accept a 60-page settlement agreement to achieve the same goal. The developer now wants the draft ordinance to be called ?The Township of Newtown Planned Residential Development Ordinance of 2008.? In pursuing planned residential development approval, the builder has matched up the mixed-use characteristics of a residential development to the town center parameters negotiated in the settlement agreement. The proposed planned residential development is a near duplicate of the approved town center. A few minor changes include the proposed zoning overlay district now being called a master plan concept planned residential development, and the preliminary plan is now a tentative plan.
Source: Daily Times; 2/22/09
