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Jim Cramer's Blog

By Jim Cramer | Agent in Waynesboro, PA
  • Homes for Heroes®

    Posted Under: Home Buying in Greencastle, Home Ownership in Greencastle, Military Movers in Greencastle  |  June 27, 2014 12:29 PM  |  70 views  |  No comments
    Are you a Hero?  Contact Jeff Garner at our Greencastle PA Office.

    www.exitpreferredrealty.com
    Homes for Heroes originally shared:

    Contact Jim

    JimCramerRealtor.com

     
    On average, educators get back over $2,000 at closing when working with a Homes for Heroes real estate professional. Find out more at   www.homesforheroes.com
    


  • FSBOs Must Be Ready To Negotiate

    Posted Under: Home Selling in Chambersburg  |  June 22, 2014 4:55 AM  |  66 views  |  No comments

    In a recovering market, some sellers might be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. The real estate agent is a trained and experienced negotiator. In most cases, the seller is not.

    The seller must realize the ability to negotiate will determine whether they get the best deal for themselves and their family.

    Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

    - The buyer who wants the best deal possible

    - The buyer's agent who solely represents the best interest of the buyer

    - The buyer's attorney (in some parts of the country)

    - The home inspection companies which work for the buyer and will almost always find some problems with the house

    - The termite company if there are challenges

    - The buyer's lender if the structure of the mortgage requires the sellers' participation

    - The appraiser if there is a question of value

    - The title company if there are challenges with certificates of occupancy (CO) or other permits

    - The town or municipality if you need to get the COs permits mentioned above

    - The buyer's buyer in case there are challenges on the house your buyer is selling

    - Your bank in the case of a short sale

     Credit for this article and extensive list goes to The KCM Crew at keepingcurrentmatters.comhttp://goo.gl/7JeIME

    Contact Jim

    JimCramerRealtor.com

  • Happy First Day of Summer!

    Posted Under: General Area in Franklin County  |  June 21, 2014 4:38 AM  |  77 views  |  No comments

  • One Word . . .

    Posted Under: General Area in Chambersburg  |  June 16, 2014 9:05 AM  |  81 views  |  No comments

    One Word

    The Power of One Word - Pick a word and give it some thought!


    Attitude

    Believe

    Change

    Determination

    Focus

    Goals

    Others

    Service

    Contact Jim

    JimCramerRealtor.com

  • Happy Father's Day!

    Posted Under: General Area in Waynesboro  |  June 15, 2014 2:54 AM  |  103 views  |  No comments
  • Happy Flag Day

    Posted Under: General Area in Franklin County  |  June 14, 2014 2:52 AM  |  97 views  |  No comments
  • Housing Affordability Edges Higher in First Quarter

    Posted Under: Market Conditions in Chambersburg, Home Buying in Chambersburg, Financing in Chambersburg  |  June 9, 2014 6:03 PM  |  133 views  |  1 comment

    Housing Affordability Edges Higher in First Quarter

    Slightly lower median home prices along with steady mortgage rates contributed to higher housing affordability in the first quarter, according to the recently released National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

    In all, 65.5 percent of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $63,900. This is slightly higher from the 64.7 percent of homes sold that were affordable to median-income earners in the fourth quarter.

    Meanwhile, the national median home price dipped from $205,000 in the fourth quarter to $195,000 in the first quarter while average mortgage interest rates were virtually unchanged, moving from 4.54 percent to 4.57 percent in the same period.

    “Housing affordability remains strong and this is an encouraging sign as the spring home building season moves into high gear,” says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.

    “As home prices and mortgage interest rates are unlikely to go down, the first quarter HOI is another indicator that this is an opportune time to buy,” says NAHB Chief Economist David Crowe.

    Syracuse, N.Y., was the nation’s most affordable major housing market, as 93.7 percent of all new and existing homes sold in this year’s first quarter were affordable to families earning the area’s median income of $67,700. Meanwhile, Cumberland, Md.-W.Va., claimed the title of most affordable smaller market, with 96.3 percent of homes sold in the first quarter being affordable to those earning the median income of $54,100.

    Other major U.S. housing markets at the top of the affordability chart in the first quarter included Buffalo-Niagara Falls, N.Y.; Youngstown-Warren-Boardman, Ohio-Pa.; Harrisburg-Carlisle, Pa.; and Dayton, Ohio; in descending order.

    Smaller markets joining Cumberland at the top of the affordability chart included Springfield, Ohio; Kokomo, Ind.; Mansfield, Ohio; and Lima, Ohio.

    For a sixth consecutive quarter, San Francisco-San Mateo-Redwood City, Calif., held the lowest spot among major markets on the affordability chart. There, just 13.3 percent of homes sold in the first quarter were affordable to families earning the area’s median income of $100,400.

    Other major metros at the bottom of the affordability chart included Santa Ana-Anaheim-Irvine, Calif.; Los Angeles-Long Beach-Glendale, Calif.; New York-White Plains-Wayne, N.Y.-N.J.; and San Jose-Sunnyvale-Santa Clara, Calif.; in descending order.

    All of the five least affordable small housing markets were in California. At the very bottom of the affordability chart was Santa Cruz-Watsonville, where 21.1 percent of all new and existing homes sold were affordable to families earning the area’s median income of $77,900. Other small markets at the lowest end of the affordability scale included Napa, Salinas, San Luis Obispo-Paso Robles, and Santa Rosa-Petaluma, respectively.

    For more information, visit www.nahb.org/hoi.

    www.JimCramerRealtor.com

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