Let me know if I can help you with both the sale of your home and your new hoe purchase. Try to find a home you like and see if you can get a good deal, you may be able to be more flexible on your current home listing price, based on the offer price of your new home purchase. I work in relocation and I am seeing this happen alot. Do you have a relocation agent or relocation company that is helping you?

Cheryl R. Supplee, Realtor, e-PRO, Notary

Relocation Specialist, USAA certified, Cartus certified
Coldwell Banker Preferred
Village Square Shopping Center

714 Dekalb Pike, Blue Bell, Pa 19422
http://www.cherylshomesforsale.com
Direct: (610) 812-6575
Office: (215) 641-2727 x 6054
Fax: (215) 654-7075

Most towns and cities in the United States have seen a declined and I am sure you realized that while selling your own home. I understand that having two mortgages can be scary but ask your mortgage rep about a swing loan. The areas that you are interested are established and very desirable. Remember it may be a hard time to sell but it’s a wonderful time to buy!

dear james,
my husband and i live on the border of flourtown (actually we have a flourtown phone exchange). we live in a beautiful area with older homes. some have been rehabbed, some totally ripped down. a few streets were built after the entirety of the development was built. the entire area used to be a wild life preserve. the homes are on approximately an acre and. we live on one of the streets that was built last. there are only 9 homes on the entire street. our home is considered lovely. we have extensive landscaping, a beautiful pool,
a street that goes nowhere so is usually without traffic. we are getting ready to put our home on the market. we have not done so yet. if you are interested in knowing more about it, i'd be pleased to chat with you and send mapping information, etc. my email is photo.arts@comcast.net.

additionally, what you've been told by the other kind people here is correct about our market. we have never popped. we're not falling. good choice of area - we're walking distance to the village of chestnut hill and to the beginning of the valley green nature trail - look for these things on a map. our township is whitemarsh.

Just recently in a Forbes magazine article, the counties of Montgomery (which includes your search area) and Chester were labeled the 'Best Places to Raise a Family'. Although the article is brief, it is only one of many press accolades that have recently lauded the Delaware Valley, aka metropolitan Philadelphia.

I am a home stager that stages homes. It is proven in the market to sell homes quicker.
Call me to see what you are doing wrong.
573-541-3994

We r planning to sell our house without an agent,we live in Wyncote and school system is EXCELLENT.Our house is very close to the Schools.If u r interested Please call me at 2155655034.Price negotiable

Hi James, I figured I'd also answer your question as a completely uninterested party (not looking to get you as a client or sell my house). I live in the area less than 10 minutes from where you are looking to move, I'm not a real estate agent, but I like to follow real estate.

The entire Philadelphia market didn't fly as high as the rest of the country but there are areas that went over what they should have and are coming down and will continue to. The part of Montgomery County you are looking out is, however, a very established area. Considered a great place to live with great schools, close to transportation to get to Center City, close to some of the best shopping in the area, and while prices went up in these areas, they are much more likely to sustain them than other areas. This was always a desirable place to live, before the real estate market caught fire and will continue to be. Especially since these were not areas with a ton of new construction in the last 10 years or so, so the prices of houses weren't driven up by builders and their new construction prices. Definitely try to get a deal to make sure you can account for any decline, but it seems to be holding pretty steady right now. Can't say we hit the bottom, not sure when you can ever really say that until prices rise again, think that's more of a historical look than a certainty at the time its asked.

Best wishes on your move and selling your home in Phoenix, hope you enjoy living in the area.

You don't have to worry about the bottom of the real estate market because there are several national firms now that offer home equity protection - you essentially get a check for the difference if the home declines in value. In both Flourtown and Ambler, the cost is

It is difficult to preduct the future of course. There are some areas in Montgomery and Bucks Counties that have not declined in price at all, while at the same time, there are also areas which have fallen as much as 15% in price over 2006 levels. Interest rates are lower now, and inventories are high. It is a good time to buy a home. When buying, after you find a home, we can do a complete market analysis on the new home, and use this information when placing your offer. Please give me a call, as I would be happy to assist you. Don Bradbury http://www.bradburyteam.com 215-536-6777 x 329

Hi James,

Looks like you received a lot of good info below. I'm not sure what type of property you are searching for, but if you do decide to move to the area, please know we are selling a 2 bed/2 bath 2nd floor condo in Ambler. It's a great area and a beautiful property. I have attached the link if you are interested. Good luck!
MLS ID# 5331558

Hi James,

Judging by your question, I know you understand that all real estate markets are local; and therefore, each one is potentially different. In fact, within each market, there are even more possible variations based on the type of home and/or price point. For example, Flourtown is in Springfield Township. Examination of the market at the township level shows the market to be a “buyer’s market”. However, if you look only at Flourtown, you will find a more normalized market. If you drill down even further, to a specific price range of $250,000 to $350,000 in Flourtown, where you would find only ONE single-family home for sale, then you would actually be buying in a “seller’s market”. Depending on the exact price range and locations in which you will be shopping, you will also find similar differences in both the Fort Washington and Ambler areas. Obviously, these nuances make it difficult to definitively answer your question without a little more information from you.

However, the good news for you as a buyer is that local lenders have tightened-up their appraisals, which in turn are keeping prices in tow by only allowing recent (usually only within 90 days) “comps” to be used. So even when a buyer is willing to pay more for a home, such as is possible in the seller’s market described above, if the appraiser cannot support the price with very recent sales, then the bank won’t lend the money. Although sellers view this as forcing the market down, buyers are finding that it is preventing them from over-paying for a house.

All of this said, as an agent located in Fort Washington, I do feel that your areas of interest have reached the bottom. I work with both buyers and sellers in all of these areas, and here’s what I am seeing: prices are leveling-out, homes are selling a little faster, and selling prices are getting closer to asking prices. I honestly can’t imagine any further decline. Unfortunately, even in a market that appears to have reached its low, there will still be sellers who will over-price their homes. You should safeguard yourself by including an appraisal contingency with any offer, especially if you cannot find comparable sold homes to support your offer price. This way you would have a clean “out” if the home turns out to be over-priced. As always, the key to success is to have a good buyer’s agent who will do his/her due diligence in order to protect you from over-paying. If you do not have such a person, I would be happy to talk with you about your plans and be that agent for you. Feel free to contact me if you have any questions.

Best wishes,
Susan Meyers

Hi James,
I hope your doing well on this holiday! My office is in Horsham, very close to the Flourtown, Ambler areas.
Please feel free to contact me so we could discuss this in more detail. With the current state of the Real Estate market aside what matters more is actually how good of a bargain you get on the house you are looking to purchase. There are great deals out there right now and as you know, sellers are just looking for offers. If you like, I can send you a list of homes in these areas. The list will include any REO's or foreclosures in the area. My email is LeeStiber@kw.com and cell phone is 267-253-0216. I look forward to talk to you soon!