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19426 : Real Estate Advice

  • All19
  • Local Info7
  • Home Buying5
  • Home Selling1
  • Market Conditions1

Activity 17
Tue Mar 29, 2016
Rossjacobson answered:
I live further south and had one installed. The tax benefits (65% off) allowed me to install a geothermal system for the same price as an air to air system. That said my winter heating bill went from $1000-1500 per winter down to $100-200 per winter. My summer bill stayed roughly the same but that is likely because we keep the house at 69F now that it is cheap. I have a friend in the same zip code that sees roughly the same annual savings but he sees the reverse. He saves his $1200 mostly in the summer. I have 8ft ceilings and he has vaulted ones. We figure his high ceilings create a cooler living space so more heated air is required (it rises) but less cooled air (it sinks). Our systems are both 25+ year systems that sit in our sealed crawl spaces (very low risk of theft or damage and zero maintenance). My underground pipe portion is rated for 50+ years and was roughly half the installation cost. That being said the approximately $1200 that is saved is being put to good use. However, I want to put it to better use and I am having a hard time getting appraisers and banks to recognize the value of saving $1200 per year in less energy consumed (it is the interest only payment on a 3% loan of $40,000 or a $1200+ annual return on a $0 investment over 25 years- try purchasing that CD). Unlike wood geothermal requires zero time or investment after installation. It also does not carry the risk of burning down the house or cutting off a body part. It works for me on every level that I compare it to the old system. I have explaining all these benefits including indemnification from future energy price hikes and that my next 25+ year geothermal system is half price. I have produced installation paperwork, downloaded materials on geothermal systems and provided power bill histories with spread sheets showing all the savings and what it means. My system has a SEER rating of 30 and my electric bill was cut in half permanently. Yet all I get are blank stairs and silence from appraisers and bankers and zero increase in the appraisal value of my house. I would say it is education but I provide that. It should save me on loan rates or allow me to borrow more money but I think it is LENDERS wanting something for nothing (lower risk from lower loan to value) and it will not change until customers get educated and louder. I have heard from individuals in my area that say geothermal won't work for them. It cannot be that an air to air system is more efficient with a SEER 16 rating. The physics of the system indicate a near 50% savings with geothermal if properly installed. My home owners insurance should also be cheaper (less theft, damage or fire risk) but they are not including it in their actuary calculations either. I find that the overwhelming benefits warrant more careful consideration for all participants in the home industry. ... more
0 votes 10 answers Share Flag
Tue Mar 10, 2015
Phil asked:
The idea is for me to keep a portion of the buyer's agent commission. If you're interested, please leave a reply below and I'll contact you for more information.
0 votes 0 Answers Share Flag
Sat Dec 20, 2014
Wayne Fenstermacher answered:
You may want to talk with another agent about your concerns - as well as talk with a few people who live in the area. An agent can provide you with community trends within 10 miles - and trends outside the area as well. But, it would be a stretch to say the proximity to the nuclear facility was the reason for the differences.

There are plenty of very valuable homes within 10 miles of the Limerick plant. And, there are very knowledgeable and informed people who live in the communities nearby - and many who have lived in the area for all their lives.

Please research the number of nuclear accidents in the US, their frequency and severity and make an informed decision based on what you find. Don't let someone scare you unnecessarily.
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0 votes 1 answer Share Flag
Tue Oct 28, 2014
Mary Lynne Loughery answered:
First step, call the township and find out what is entailed. Permits will need to be obtained as well as an egress of some sort in case of an emergency. Also, townships/homeowner associations may have restrictions regarding basements for rental purposes. I'd check with both. ... more
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Tue Oct 28, 2014
Mary Lynne Loughery answered:
I do not believe parking spot numbers decreases curb appeal. It takes away the confusion of who should park where.
0 votes 11 answers Share Flag
Tue Jul 24, 2012
Carolee Collis answered:
You may still have a hard time buying if you are buying in a mobile home park. They will also most likely check your credit before they approve you. They want to be sure they get their lot rent every month. If you are buying on a lot and pay cash, you will be all right.
The most important thing about selling your house to to price it right for its condition. You still may not get it sold in time,
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Sat Nov 26, 2011
Anna M Brocco answered:
Check with your caseworker for a list of available rentals; check with local realty offices, or work with an agent; check local print media for by owner rentals; word of mouth, etc.; also see links below.
http://www.hud.gov/local/index.cfm?state=pa&topic=renting
http://www.gosection8.com/index.aspx
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0 votes 1 answer Share Flag
Mon Aug 15, 2011
Bill Eckler answered:
Janet,

Some communities and building types have held their value better than others. For example we know that generally condos have taken a much greater hit and are slower to recover than single family homes.

This is similar to asking someone what the best car is. There is a lot that has to be taken into consideration but would speculate that a range of 20-50% would cover it.

As a potential buyer, we recommend focusing on today's market by becoming as familiar with it as possible. This will help you to be able to identify value and opportunity, equipping you to be ready to move quickly when the right opportunity presents itself.

Good luck,

Bill
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0 votes 6 answers Share Flag
Sun Mar 27, 2011
Edmund Choi answered:
Determine your financing options and perform a generic search online to see if the available inventory meets your needs. If a property is part of a homeowners or condo association, inquire if their are any pet restrictions. Good hunting! ... more
0 votes 6 answers Share Flag
Thu Mar 24, 2011
Bruce D. Lyster answered:
Alison,
The short answer is, it depends! Location within the development, proximity to streets, what is located next to the unit and how much area you own all have a bearing on how it is valued. Since there is no association fee, you would be responsible for maintaining the adjacent area. So you would want to be certain that the configuration benefited you. I agree with all of the other reasons why it enhances the value such as more natural light, larger unit, etc. , but would need to look at the specfic situation in order to give a more conclusive answer.
Best of luck in your search!
Bruce Lyster
Prudential Fox & Roach Realtors
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0 votes 19 answers Share Flag
Thu Dec 2, 2010
Scott Godzyk answered:
With property taxes, you contact the assessors office and ask for an application for a tax abatement, make sure you read their rules and dorections as they have to be in by a certain date in order to be considered for the current tax year. The application should be accompanied by an appraisal or bpo that proves why you are seeking abatement./ ... more
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Tue Mar 2, 2010
David Witsen answered:
Christine,
I have All the Info for you, Contact me directly and I will gladly share.
I can't share my secret resources on this forum simply because I have spent several years developing my strategies. To just give my secrets to every realtor who is on this forum would be like CocaCola posting their secret recipe online.
And so you know how it works. ALL the sites are linked togther thru whats called MLS Reciprocity. it is similar to an RSS , Twitter feed. These sites Pull Inof from All the other sites and that's how they get the info. Fully automated and full of errors.
Feel free to contact me for all the info. No Hard Sell... No commitment... Just good ole fashion SERVICE !
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0 votes 11 answers Share Flag
Thu Nov 19, 2009
answered:
You should have no problem refinancing, as long as it isn't listed as a multi-family in your townships' records. There are some banks that have hangups about in-law suites- and they might be justified- but there are plenty of banks that would have no problem with it.

Feel free to contact me at 908-415-3958 if you need assistance.
... more
0 votes 4 answers Share Flag
Wed Sep 16, 2009
Judy May, Esquire, REALTOR answered:
Hi Jsj. I apologize for my delay in responding to your inquiry....I was out fo commission with a "stomach bug" yesterday. You've already gotten some GREAT advice from my colleagues below, but there are two things I wanted to reiterate: that is, the importance of having a professional close the pool and, as suggested, take pictures of the pool before it's closed!

Some of my clients have used Eagle Pool & Spa in Eagleville (610.631.1950) and have liked their work. You may want to contact them, if you haven't already hired someone to close your pool.

By the way, now is a GREAT time to put your home on the market. The market remains "hot" and well-priced and well-prepared (meaning, de-cluttered, staged, in good condition and ready to show) are moving -- quickly! In fact, the sooner the better..........(those that were shopping in the Summer but failed to find the "perfect" are anxious to tour homes to find "their" home.....who knows? Yours may just be that home for a lucky buyer:)

I'd love to chat with you about your homeselling and homebuying needs. Indeed, before hiring a Realtor to represent you in the buying or selling side, I ALWAYS recommend that you interview 2-3 Realtors and really "grill" them with hard questions. Ultimately, choose the one person who feel is experienced, knowledgeable, honest and truly dedicated to representing YOU and your interests. (Also, look for someone who is well versed in contract law and who possess excellent negotiation skills as these are critically important to protect you.....having practiced law for nearly 10 years prior to entering the Real Estate industry, my clients very much appreciate my unique insight and perspective in representing them:)

Good luck and blessings to you..........

Warmly,
Judy

Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience"
www.JudysFineHomes.com
Judy.May@Century21.com

CENTURY 21 Alliance
2828 Audubon Village Dr
Audubon PA 19403
O: (610) 666-0202 x. 226
C: (610) 324-5240 (preferred)
F: (610) 666-1942

Search 1000s of homes!
www.CollegevilleAreaHomes.com
... more
0 votes 6 answers Share Flag
Wed Sep 9, 2009
Amit Shukla answered:
Thanks to both of your very quick response.

Yes, I was thinking of setting this up under my wife's name which was not done before. However, I will take your advice first and call them up asking for an improved deal for continuing with them.

Regards,
Amit
... more
0 votes 3 answers Share Flag
Sun May 17, 2009
Judy May, Esquire, REALTOR answered:
Hi Vinny. You've already gotten some great advice below. I just wanted to clarify the issue of the buyer's agent's knowledge.

While a buyer's agent is obligated to disclose any material fact that may impact the value of a home to her/his client (an abandoned underground oil tank would potentially constitute such a "material fact"), this obligation arises ONLY when the buyer's agent has KNOWLEDGE of this fact. The buyer's agent would typically obtain this knowledge upon reviewing the Sellers' Disclosure -- which, by the way, the buyer her/himself should also review in conjunction with the preparation of an offer . . . or, perhaps, by being told of the existence of the underground tank by the seller's agent.

Short of being TOLD that an abandoned underground oil tank exists (by the seller, the seller's agent or similar source), the law -- as I understand it -- does NOT presume that the buyer's agent has such knowledge. (Indeed, how could s/he?)

Certainly, if a buyer's agent obtains knowledge that an oil tank is found on the premises, s/he is obligated to disclose the existence of the tank and advise her/his client to consult appropriate professionals to answer any questions the buyer has about the existence of the tank (including, among others, professionals to advise on safety and liability issues).

I hope this information is helpful. Feel free to call me with any further questions at (610) 324-5240.

Good luck and blessings to you!

Warmly,
Judy

Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience"
www.JudysFineHomes.com
Judy.May@Century21.com
CENTURY 21 Alliance
2828 Audubon Village Drive
Audubon PA 19403
O: 610.666.0202 x. 226
C: 610.324.5240 (preferred)
... more
0 votes 6 answers Share Flag
Mon Mar 16, 2009
Michael D Delp answered:
Anita,
It should be done easily, however. nothing is easy anymore when it comes to mortgages. If your information is correct, you should be a great candidate to refinance. If you need any further help refinancing, I would be happy to help.
The very best of luck to you!
Michael

Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net
http://www.mortgagepro.instantlender.com
... more
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