King of Prussia : Advice

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Ian A. Wolf,…, Real Estate Pro in Morristown, NJ
Ian A. Wolf, ABR SFR answered:
I recently "inherited" my late husband's home (and mortgage). We have another home in another state (where I would prefer to live)
That sounds correct to me based on my practical experience. Typically, within the first year that you have a primary residence mortgage you are not supposed to rent it out, but after th ... more
0 votes Share Flag Wed Sep 8, 2010 Rental Basics in 19406
Cheryl R. Su…, Real Estate Pro in Schwenksville, PA
Cheryl R. Supplee answered:
I am being moved by my company and my home is worth $100,000 less than when I bought it. I would like to rent it out, but my mortgage is $2200 and I
Have you tried to rent it for $2200? You may want to consider a lease to own or a lease purchase. Is it a single home or a townhome?

Cheryl Supplee
Coldwell Banker Preferred
716 De ... more
0 votes Share Flag Sun Nov 21, 2010 Rental Basics in 19406
Tom Brintzen…, Real Estate Pro in Berks County, PA
Tom Brintzenhofe answered:
I am a local investor looking for Realtor referrals for short sales.
CDSI- Buy your statement I assume you are using Transactional Funding to complete the deal. I would love to hear your complete objective/plan. My team works with investors daily and wou ... more
0 votes Share Flag Fri Mar 12, 2010 Foreclosure in 19406
Terrence Cha…, Home Owner in Allentown, PA
Terrence Charest answered:
Financing Rental Property: Creditworthiness, Co-Signer, and Down Payment Questions
Just because you have a low down payment for FHA does not mean you have to keep it there. You can purchase up to a four plex with FHA as long as you live in one of the units. When it� ... more
0 votes Share Flag Fri Jan 29, 2010 Financing in 19406
David Witsen, Real Estate Pro in West Palm Beach, FL
David Witsen answered:
Looking for investment properties: Undervalued condos in King of Prussia or surrounding area?
Brian,
Absolutely. Without a doubt. Killer bargains are everywhere if you know what to look for and understand negotiating. I'm not about to share my secrets here but feel free to ... more
0 votes Share Flag Tue Jan 26, 2010 Home Buying in 19406
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Can I rent my property (owner occupied conventional loan) due to work relocations?
Assuming you have already closed on the home, and you truly expected to occupy the home when you completed the loan documents, you should have no problems converting it to a rental. It ... more
0 votes Share Flag Fri Nov 20, 2009 Rental Basics in 19406
Betty, Home Seller in Wyncote, PA
Betty answered:
The School House Commons townhouses don't seem to be selling very quickly. Is there a reason why?
People realize that paying $350k for a townhouse in the industrial section of KoP probably isn't such a good idea?
0 votes Share Flag Thu Oct 22, 2009 Home Buying in King of Prussia
Shehla Karim, Real Estate Pro in Wayne, PA
Shehla Karim answered:
I am interested in leasing my condo via newspaper and internet listings after the purchase of a new home.
Linda,
You can have your prospective tenant run their free credit on freecredit.com or you can contact your local realtors to pull the credit for a fee.

Shehla Karim Realtor, ABR, A ... more
0 votes Share Flag Thu Nov 19, 2009 Rental Basics in 19406
Brigita McKe…, Real Estate Pro in Stroudsburg, PA
Brigita McKelvie, REALTOR, e-PRO, GRI answered:
I own a house and have a room renter who has not paid rent. I need her to leave.
Good morning!

How far behind is the renter in paying her rent? Is there a signed lease between both of you? If you have a lease, it should state the terms in the event of non-payme ... more
0 votes Share Flag Mon Aug 10, 2009 Rental Basics in 19406
Jennifer Day…, Real Estate Pro in Phoenixville, PA
Jennifer Daywalt answered:
Condo in King of Prussia area
There are a few condo's in the King of Prussia Area. It all depends on what you are searching for. There are also quite a few in what is considered to be Wayne however are more in the ... more
0 votes Share Flag Mon Aug 3, 2009 Home Buying in 19406
Pete Simonet…, Real Estate Pro in 19087
Pete Simonetti, MBA answered:
Are there stucco problems with the Deer Creek development?
Thomas,

Some of the townhomes in this development had stucco issues - actually some had stucco that was not installed properly, lack of flashing on windows, etc. The association the ... more
0 votes Share Flag Sun May 31, 2009 Home Buying in King of Prussia
Andrew Himes, Real Estate Pro in Collegeville, PA
Andrew Himes answered:
Any tips on buying new Construction in King of Prussia, PA?
When buying new construction you still have tthe option of using an agent to represent YOU. The agent for the builder is exactly that, they are trying to get the best deal for the buil ... more
0 votes Share Flag Wed May 13, 2009 Home Buying in 19406
Michael D De…, Real Estate Pro in 18969
Michael D Delp answered:
When purchasing a home as an investment (to rent) do I apply for a commercial loan or a conventional loan?
You would apply for a conventional loan to buy a home to rent. If it was zoned commercial (storefront, etc) or would be more than 4 units, You would apply for a commercial loan.
Let ... more
0 votes Share Flag Wed May 13, 2009 Home Buying in King of Prussia
Shehla Karim, Real Estate Pro in Wayne, PA
Shehla Karim answered:
How well are rentals of single family, townhome, and condos doing in the King of Prussia area?
Hi P. Hutchinson,

King of Prussia is always good for an investment. You should have a right Buyer's Agent to work with, who knows the area. I just rented a town house for a client of ... more
0 votes Share Flag Wed Oct 15, 2014 Home Buying in 19406
Renee Porsia, Real Estate Pro in Philadelphia, PA
Renee Porsia answered:
I am planning to rent out my house/mortgage
Hi HK,

You do not have to contact your mortgage company. You will continue to make your mortgage payments out of the rent that you receive from your new tenant. How soon do you have ... more
0 votes Share Flag Sun Mar 24, 2013 Rental Basics in 19406
Stephanie So…, Real Estate Pro in Philadelphia, PA
Stephanie Somers answered:
Anyone looking to move into King of Prussia from Paoli/Malvern?
Jim,

Swap sales are very tricky and isolated. Have you consulted with a local King of Prussia realtor to get your house sold ? If you are looking for a solid referral, let me know ... more
0 votes Share Flag Sat Aug 16, 2008 Home Buying in King of Prussia, PA
Pete Simonet…, Real Estate Pro in 19087
Pete Simonetti, MBA answered:
Deerk Creek Community in KOP
John,

I believe the builder of the Deer Creek development was Gambone.
0 votes Share Flag Sun Mar 30, 2008 Home Buying in 19406
Pete Simonet…, Real Estate Pro in 19087
Pete Simonetti, MBA answered:
How are townhome rates in King of Purssia?
John,

In King of Prussia, for townhomes under 12 years of age with at least 3BR/2BA, there are:

8 Active $339,450(avg) $375,000(high) $279,000 (low)
5 Pending $326,360(avg) ... more
0 votes Share Flag Wed Jan 29, 2014 Home Buying in 19406
Tyler Wagner, Real Estate Pro in Havertown, PA
Tyler Wagner answered:
I live in a condo development where every house is exactly the same. Is it a conflict of interest for a?
It shouldn't be. While the floor plans and styles are the same, I'm sure you and the other owner have done different things to the interior of the homes. Actually, I would imagine you ... more
0 votes Share Flag Wed Oct 15, 2014 Home Buying in 19406
Horlow , Real Estate Pro in 19440
Horlow answered:
What insights can you give me on Valley Forge Towers? How have prices held over the years there?
Kelly two, I can email you the sales activity report of VFT.
0 votes Share Flag Sat Apr 25, 2015 Home Buying in King of Prussia
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