This property is located in Donegal school district. Feel free to contact me to set up a showing or more questions you might have.
Eric Miller, Realtor
Remax Associates of Lancaster
Right now the property is being assessed as a lot and not having a building on it. What is a good contact info that I can contact you at and go over what the taxes should be.
Eric Miller, Realtor
I have pulled up the listing in the MLS and it appears to me that the seller may have converted the garage into in-law quarters. If you have any further interest or questions, I would be happy to help.
Jeff Snyder, REALTOR
That is confusing, but this home is located within Lancaster Township. That means that the public schools for that area are the Lancaster School District which includes McCaskey High School and several elementary schools. Penn Manor and Hempfield are neighboring school districts and you could look into sending your children to either of those schools, but most likely for an additional annual expense.
Lancaster Country Day is a private school as an alternative.
If you would appreciate any help in your home search, please consider calling me at your convenience.
Jeff Snyder, Realtor
There are a number of factors that effect appraisals most of them being comparable home sales. In 2009, appraisals would have been based on many home sales in late 2008-09, which was the top of the market in terms of pricing. Over the past few years with drops in home prices, appraisers started to use homes that had sold within about 6 mo. and many of not all of those sold at lower prices then in 08-09 so the “value” would be lower. Fortunately, home prices are climbing slowly (slower then the drop) so value is coming back but appraisals are always based on past sales so the slide in prices over the past several years has affected your homes appraised value.
If you have additional questions or would like a comp to see exactly where you stand, please call me…. Russ Addie Coldwell Banker Select Professionals 717-898-9509... more
You can probably expect prices to come down more in the next year or two, although every market is a little different. Look at not only the trend in prices, but how long houses are sitting on the market. If houses are priced high but not selling, that's a good indication that the prices will have to come down.
I live in Wilmington, NC and I haven't noticed much of a drop in prices either, but I have noticed a huge drop in the number of sales. Since nobody is buying, it's causing sellers to be much more likely to negotiate with you...especially when their house has been on the market for a long time. The key is to find a house in which the seller is very motivated (such as a pre-foreclosure or someone that has already moved out and they are paying 2 house payments). One of the problems in Wilmington is prices appreciated so fast that many buyers (such as myself....and I earn a good salary) were priced out of the market. Until prices come down more, many buyers cannot buy.
I am also waiting because I know the longer I wait the lower prices will come down. I put an offer in on a house in May, and the sellers did me a favor by not negotiating with me (it was listed @ $175,000 - I offered approx $155,000 since it needed a new heating/air system). Since May similar houses in that same neighborhood are now listed around $165,000 and still not selling! The house I put an offer on is still not selling as well.
I'm going to keep waiting in anticipation of prices continuing to decline. In the meantime, renting is much cheaper for me anyway so I will be saving money and paying down debt. I will probably keep an eye on the market for a good deal to come up, but otherwise will be waiting to buy.
Just keep in mind interest rates on mortgage loans will probably go up a little. But you can always refinance when the rates go back down.... more
It really depends. It is so often home and neighborhood specific. Most general statement is that the market is below what was paid in 2007. If you want to further discuss it, feel free to call or email me.
Keller Williams Realty Lancaster
1630 Manheim Pike
717-413-0744 - cell
If you are looking to sell your condo, consider interviewing in person, a few local agents or as many as needed from different realty offices--ask for a CMA--comparative market analysis, and review recently sold similar units in the immediate area; you may wish to hire one of those agents--as for the time it will take to sell, much will depend on location, pricing, marketing, property size, etc.... more
I assume, from the MLS #, that you are working with an agent. Did your agent not discuss with you about what an absorption rate is or how your pricing your home can affect when it gets sold...if ever?
Ask your agent about what the absorption rate is there. I can't because I do not work in that area.
The absorption rate is the amount of homes currently on the market compared to how many homes get sold in a given month. Let's assume that there are 45 homes similar to yours on the market and only about 15 get sold every month. As long as NO OTHER homes come on the market, it would take three months before all of those homes get sold.
Seeing that more homes DO come on the market, that's were price comes in. If your home is in the higher end of the homes on the market, then it would always be lower on the list of homes to be shown and subsequently sold. So as long as more homes come on the market lower in price than yours, your home would get infrequent showings and even less offers.
You want to ensure that your home is as close to the top of the showing list as possible. It must be priced right. Not too high (not attract buyers) and not too low (you would be miserable). Your home must be shown in its best light and it must be very easy to show.
Good luck... and very nice looking home by the way.
Terrence Charest... more
Thanks for posting your question. I'd be happy to help you with that information. That is a key element of a Realtor's market analysis.
To give you a good answer, I'd also need to know the finished square footage (above grade) and how big the lot is. Then I can compare your home to recent sales nearby.
Have a great day!
-- Forrey Real Estate... more
Hi Linda! According to the Keystone MLS, with the info gather from closed (settled) listings 11/1/09 - 11/30/09, the average days on market for the county is 63 days. After a property goes under contract it can take an additional 45 - 60 days or more until settlement.... more
It will increase home sales and is not directed at the low income population. Much better than the 7,500 'loan' credit they gov. gave last year. Research the upper income level maximums for the tax credit. I believe its well over 100,000 for couples. I don't call that lower income. It will give a push to younger people looking to buy their primary residence who might now be 'on the fence'.... more