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19115 : Real Estate Advice

  • All34
  • Local Info2
  • Home Buying18
  • Home Selling5
  • Market Conditions0

Activity 31
Fri Feb 12, 2016
Klasnyk asked:
I owed single house and I have one available room to rent.
0 votes 0 Answers Share Flag
Thu Apr 16, 2015
Catherine Feinstein answered:
Kristen,
According to the latest marketing report, homes marketed in the 19115 zip are selling in an average of 90 days; which is down 16% compared to last year. I've seen them go under contract in less than a week though, the market is pretty hot right now. The report also states that the properties are yielding 90.4% of their original asking price and that sales in this zip are up 74.3% the first quarter of this year over the same time last year.
By the way, although my office is in Jenkintown, I live in 19115 and I am very familiar with this area and would love to meet with you to discuss the current conditions and provide you with a free home valuation. Please call or e-mail me when you would like to get together.
Thank you,
Catherine G. Feinstein, Realtor
Your Key to a Successful Real Estate Transaction
Weichert Realtors
93 Old York Road
Jenkintown, PA 19046
215-281-6535
CFeinstein@weichert.com
... more
0 votes 6 answers Share Flag
Sun Mar 9, 2014
Philip J. Cunningham Sr answered:
Please call me so I speak with you so i can find out more about your needs and after 15 years of being a Realtor and 30 years of nursing there may be other help available call me at 267-934-1971

Philip J. Cunningham Sr.
Market Force Realty
801 W. Street Rd
Feasterville, PA 19153
866-993-8585
267-934-1971
PhilCunningham2004@yahoo.com
... more
0 votes 1 answer Share Flag
Sat Nov 2, 2013
Philip J. Cunningham Sr answered:
Please call me in my office which is in N.E. Philadelphia and I would be able to show all that are available in you price range I will have to ask some questions which are better asked in a personal conversation. My cell number is 267-934-1971

Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152
215-725-5700X49 cell 267-934-1971
philcunningham2004@yahoo.com
... more
0 votes 3 answers Share Flag
Thu Jul 25, 2013
answered:
Good afternoon,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 3 answers Share Flag
Wed Jul 24, 2013
Chandra Watkins answered:
Calling the local police department for the area that you would like to move into is the best and most up-to-date information. Don't call 911, just the office number for the police department. ... more
0 votes 2 answers Share Flag
Wed Jul 24, 2013
Chandra Watkins answered:
I would be interested to hear what is going on with condominiums in Philadelphia. Here in Southerm California, very few condo complexes are FHA approved. The complex either has too many renters on site or the HOA dues are delinqent which are reasons the complex cannot be FHA approved. ... more
0 votes 5 answers Share Flag
Wed Jul 24, 2013
Chandra Watkins answered:
Foreclosures can be a challenge with an FHA loan mainly because the condition of the home has to meet FHA appraisal standards. Some homes will be meet the guidelines and some may not. Work with an agent in your area that is familiar with FHA guidelines and they should be able to help you. ... more
0 votes 1 answer Share Flag
Wed Jun 26, 2013
Philip J. Cunningham Sr answered:
Call Louis A. Simoni,Esquire He will be able to advise you. Please tell him I refered you. Thanks

Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152
215-725-5700 X49
267-934-1971
PhilCunningham2004@yahoo.com
... more
0 votes 1 answer Share Flag
Sat May 19, 2012
Sheri Curci answered:
Hello Rich,

I have a cream puff home in Langhorne Pa.

Feel free to touch base with me if you choose?

All the Best John Curci RE/MAX Properties 215-757-2889
0 votes 5 answers Share Flag
Fri Jan 13, 2012
Michael Solomon answered:
Call me with your wants and needs and I will try to find you a bank owned property

Michael Solomon
Realty Mark
2153764444 office
2154212121 cell
0 votes 3 answers Share Flag
Thu Nov 10, 2011
Tim Moore answered:
We try to not advertise here on the Question & Answer section, it's for asking questions not promoting a sale. If we all did it there would be no room for questions.
0 votes 1 answer Share Flag
Wed Nov 2, 2011
Joseph Sanfratello answered:
Price per square footage from what I have seen in Philadelphia varies .....but if your looking for Home Insurance we have some of the best rates around.
0 votes 2 answers Share Flag
Tue Oct 4, 2011
Bruce Lang answered:
0 votes 13 answers Share Flag
Sun Oct 2, 2011
Bruce Lang answered:
Thu Aug 11, 2011
Benjamin R. Everett answered:
Sam, it sounds like you're in a really tough situation. Contact a few different Realtors and have them do a comparative market analysis for you. This should give you a better idea of what you'll be able to get, allow you to evaluate a few different opinions, and hopefully help you find a good Realtor to work with.

Ben
... more
0 votes 4 answers Share Flag
Mon Jun 13, 2011
Zurab Kvantrishvili answered:
As long as you follow the letter of the law, such as disclosing information about the property and documentation the sale of the property, you don't need a lawyer,
But a buyer’s market may not be the best time to sell a house on your own, plus real estate agent might be able to get you a higher price for your home and can avoid some common mistakes that could get a regular person in trouble, well I wish you a good luck and if you will have any questions in the future please feel free to contact me ... more
0 votes 4 answers Share Flag
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