I currently own myself, and have sold a bunch of townhouses in Norristown. There have been great comments already about the values.
In terms of advice, I would say be realistic about your price and you will get it sold quickly. A lot of people have flocked to the area because you can get new homes for reasonable prices. This is very appealing to many people. It also is a convenient location to get to almost anywhere in the area. We moved there because at the time my wife worked in Downingtown and I worked in SW Philly. Norristown provided a great home at a good price and convenient location.... more
There is an average, as always.. but nobody really has enough information to really be able to give it. Among the variables affecting the current monthly assessments:
1. Size of the community (number of total units of housing). The lower the number of total units, the more costly shared expenses like landscaping and trash removal can be.
2. HOA vs. Condo. HOAs generally have lower fees, often half of what condo owners pay, or less.. because the individual unit owners are responsible for maintaining their home exteriors (usually) and there is less common expense than in a Condo. The upside to paying more in a condo is that the association usually has responsibility for maintaining just about everything outside.
3. Amenities, such as large common areas, clubhouses, tennis courts, and especially pools (with lifeguard and pool maintainence contracts) will increase the monthly association fee.
4. Prior management/unexpected loss or expenses. A community that has been properly managed will have been able to keep its monthly fees competitive with other similar communites nearby; but those without sufficient insurance or reserve funds set aside may find themselves issuing special assessments or paying back loans for expenses that were not saved for in advance.
In my experience, an HOA in Montgomery or Bucks County will generally be charging $100-$150/month, while a Condominium will be charging $225-300. If one is paying outside this range, they are most likely impacted by one of the factors above.
This was asked a year ago so Fred must have already sold his house. This answer is meant for others looking for an agent. The commission is negotiable. You should interview atleast 3 agents and ask them what they will do to sell your house and the fees.... more
I think that incentives used in place of an appropriate listing price are worthless. Just price right. A buyer is not going to buy your house over the other one simply becuase you are offering a Pathmark gift certificate.... more