Get setup with a local Realtor. We can search the MLS for homes using your exact criteria including specific school districts. I work in the Macungie area so feel free to contact me if you need some assistance.... more
An FHA mortgage is a Federal program.
The property has to be your primary residence and you must qualify on income and credit. There are no restrictions to where you live but the lender can determine that you are not intending to use the property as your primary residence and deny the loan so you need a good explanation of why you are buying in Macungie when you work in NYC. If you are currently living in Macungie then I say that's a good explanation. Many people commute to NYC from Philly so it's not uncommon but you may have to show that Macungie isn't that bad of a commute.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960... more
Based on the information you provided you would not currently qualify for a loan but it's definitely worth contacting a good realtor and mortgage professional so we can get you back on track and in a position to buy.... more
Hi T11meadows, incredible good deals abound!!!
Sounds like you are getting this based on an FHA loan restriction. You may not need to do that !!! The FHA loan carries a bunch of restrictions like owner-occupied etc. But if you are just buying it flat out for cash, let them know.
Then you should be free to do as you wish.
Double check with a real estate attorney. But I think I'm right.... more
I have seen a reduction in the amount of 1st time home buyers in lower priced homes but an increase in some higher end homes. I believe the low interest rates are helping that market. I think the vast majority of 1st time home buyers have already bought to take advantage of the $8000 credit. Most dev. homes with big tax bills on postage size lots are still sitting as there are so many for sale. Also seeing a lot of short sale and forclosures in that market. I tell my sellers Real Estate is like bread. When it's fresh and hot and advertised at a better price then it's competitors it sells but if it gets stale and old it will still eventually sell but at a greatly reduced price. There is no magic answer, we need listings to get leads but I have refused listings where the sellers are totally unrealistic with their price.
People will always need to sell and buy homes but today's market is price driven. I have also not cut down on my advertising. I think doing so is a big mistake. I still use monthly print and some local ads to get my name out there and try to get my listings as much internet exposure as possible. Good luck!
Century 21 Longacre Realty
610-845-6000 x 208 office... more
Price per sqft. and amenities are great feature to look at. If your condo are better, there should be many offers on the table. It seems to me that there are more issue I don't hear from you. Are there any pending assessment? Condo fee to high? Association reserve too low?... more
Well there are short sales everywhere not just macungie and they are much better then Foreclosures. The point to Short Sales is to avoid foreclosures in Macungie and prevent the decline in housing values that come with a foreclosure. I have a load of information at my website if you are interested.... more
There are a lot of short sales all over the place. The reason why there are more in Macungie than in other places is because it has been a very popular place to move over the past 5-10 years. Most people that are facing short sales purchased their home in the past 2-5 years and because values are on the decline in that time frame they have no choice but to sell short. If a buyer only put the minimum down on a house 3 years ago and just made the minimum payment on their mortgage, they didn't make a dent in their mortgage.
So if they bought the house for 400k 3 years ago, and now its worth 360k, they may still owe 390k. So if they don't have the difference and can claim financial hardship they sell it short.
There are a lot of homes that are not short sales as well.
Hope that helps.
Sean LaSalle... more
That property went under agreement last week. If there are any others in the Greater Lehigh Valley area, that may be of interest, please feel free to contact me directly.
Weichert Realtors Bethlehem
Office: (610) 865 5555
Direct: (610) 428 5014... more