It's unfortunate, but the answer is not good. In fact, East Norriton, West Norriton, etc all fall in the Norristown School District, which has the lowest scores in Montgomery County. Taxes aren't necessarily low either. I would suggest looking in the Methacton School District, Upper Merion or Colonial.... more
HI Ace, Seeing its been a while can you give us an update to how things worked out in selling a haverford home that surrounds the haverford and bryn mawr real estate market? Curious to know what happened. Main Line real estate has a great assortment of homes for sale. From luxury estates with guest homes to 1st time buyer properties so comps, on the surface, can seem unfair. That is where a great main line home appraiser can come in handy. However, seeing its been a while I wanted to see what happened?... more
In addition to this old neighborhood not being able to handle the traffic pattern of Darby and Marple Rds, the recent traffic explosion will only get worse due to the development and opening of the new Haverford Reserve, which is just around the corner from Marple Rd. I'm not sure how many condo units it has, but it is massive.... more
First of all, I bet you didn't know that attorneys can generally get part of the commission when they make a referral to an agent. You might want to find out if that is the case here.
Second, yes, real estate agents get paid for handling the transaction, and the commission you mention of 6%, while always negotiable, seems within the "normal" range. In fact, Fannie Mae recently issued a statement relating to short sales in which it gave blanket approval for commissions up to six percent for selling a home. So, a major lending institute, even when they are paying the bill, acknowledges that nationwide this is a reasonable fee for residential real estate.
Lastly, I am not sure I understand your question.... attorney hired a realtor and then you asked him to buy the house for half price? Why'd you do that? If you wanted to "give" your friend the house for half price, why was a real estate agent involved at all?... more
It depends on whether or not the home is IN the same section as the homes of either end of the scale. If the home is not in the same section, for instance right across the street, those homes should not be part of the comparisons. It tends to be a difficult situation for the agent, yet if done properly, the home will be accurately priced.
If you build a $350,000 home in a section of $200,000 homes, your home will be worth less than $350,000. I hope this answers your question.... more