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Brookhaven : Real Estate Advice

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  • Home Buying6
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Activity 17
Tue Jun 3, 2014
Hilary Weinbrecht answered:
Billy,

Hilltop has two different sections with separate associations. You may want to contact the condo association for Summit to find out whether they have any restrictions. There is a limit on how many investors can own in each section and that ratio of owner occupied to investment (rented) units could also effect your ability to finance FHA or VA. A local mortgage rep would be able to tell you if that's the case.

Good luck!
Hilary
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Wed Apr 23, 2014
Hilary Weinbrecht answered:
Good afternoon!

Buying a home is the biggest purchase most people ever make, so it understandably comes with some apprehension! First you want to be sure that you are comfortable with the agent you choose, because you will be working together A LOT and need to trust each other. You can meet with a few agents and see who is a good fit for you. Don't feel that you have to sign a contract the first time you meet them, but be honest if you are talking to a few different agents.

As for the process itself, I always recommend all buyers start by talking to a mortgage specialist about getting preapproved, as Christina said. This serves you in a few ways:

1. when you find something you love, you'll be ready to make an offer (you will need to submit a preapproval with your offer to prove to a seller that you have the financial ability to buy their home);
2. This helps you narrow down the price range you should be looking in. You wouldn't want to be looking at 300k homes and find out later you only qualify for 200k... the homes in your price range might not stack up to the "ideal" you saw at the higher price!

For First Time Buyers I also suggest sitting down for a First Time Buyer Consultation where you review the home buying process, from pre-approval to making an offer, inspections, settlement, and everything in between, so that you know what to expect as you move through the process.

And as for your question about which area, as you work with your agent and narrow down your style, price range, and location preferences, you will likely find pretty quickly that your list shortens and you can focus more on the area you really want!

I'd be happy to help answer any questions you have. Please give me a call or email if you would like to discuss further.

- Hilary Weinbrecht

Berkshire Hathaway Home Services

Fox & Roach REALTORS

Media Home Marketing Center

601 E. Baltimore Pike

Media, PA 19063

Office: 610-566-3000

Cell: 610-308-8197

Email: Hilary.Weinbrecht@FoxRoach.com
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Wed Apr 3, 2013
Abigail Manero answered:
Hi Karen,

First off, if your located in Brookhaven and are either looking to stay local or move within the areas of Delaware County you surely email me with your contact info...I work closely with those buyers that have "buying a new home" as a challenge due to credit report debt. I can connect you with a local mortgage expert...they can give you an idea of what you need to do and how long, if your following their plan it will take you to get into a new home. It feels great to move towards your goals! Lets get started.

Hope to hear from you soon,

Abigail Manero
Century 21
610-329-0523
abigailmanero@gmail.com
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Sat Jun 9, 2012
Dan Tabit answered:
Lea,
Yes, start by interviewing a few local agents in regard to selling your home. You'll need to find out about any improvements or repairs you should make before going on the market. You'll also need to meet with a lender before you go on the market to discuss what your options are for your purchase.
Wisdom says; sell first use your equity or more for down payment then purchase. Some people may qualify for two mortgages at the same time; this is risky and needs to be thought through carefully if you want to consider this.
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Wed May 2, 2012
Kitty asked:
or is it better to just make an extra payment at end of the year.
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Wed May 2, 2012
Ernie Behrle answered:
You can do either. The important thing to do I have found though when requiring a loan is to have one alraedy "Pre-Approved" contingent upon a contract. Most banks and Government foreclosures require proof of being able to obtain a loan to accompany the offer. ... more
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Sun Apr 29, 2012
Mary answered:
Look at Hilltop Condominiums in Brookhaven. Several for sale at good prices so you won't need to bother with a foreclosure! Use 5200 Hilltop Drive Brookhaven, PA for your search.
0 votes 5 answers Share Flag
Fri Sep 30, 2011
Erica Ramus, MRE answered:
BINGO. You KNOW an agent can do a better job, but still want to undertake this important step yourself to save the money. In the long run this is dangerous, because if you are WRONG in your estimation, you could get in some trouble financially!

What if you agree to sell your house to a buyer and you underestimate the costs to you, and end up paying out of pocket?

You know the value of a good agent is not only marketing your property, but also in ADVISING you.

If you don't want to hire an agent please hire an attorney to get you through this and advise you.

Another alternative is to hire an agent on a consultative basis. You could pay an agent to provide you a good price estimation of your home's value, plus explain closing costs to you for a single flat fee. Why not pursue that option?

Not all agents will do this, however many will!

Don't go it alone. There is no one fits all closing cost estimator out there. All areas are unique in their tax rules, prorations, cloing costs, etc.

Either hire an attorney or a realtor to consult with you.
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Wed Sep 28, 2011
Michael Gennett answered:
Hi Natasha!

I highly recommend giving Anthony casey at Bank of America a call. He specializes in situations such as yours and will be a great help! Anthony can be reached at 484-883-1619. If you have any other questions feel free to call me at 610-580-6365 or email me at MichaelG@@LNF.com. Hope this helps!

Thanks! Michael Gennett
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Wed Mar 23, 2011
Karen and Jeff Wahner answered:
Your best bet is for both of you to sit down with a mortgage professional so that you can go over all your options. Most often, in these cases, the person without the good credit is excluded from the mortgage. There are many great mortgage professionals in Delaware County that can help you with this. Don't be afraid to call and ask questions. Best of luck! ... more
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Wed Nov 17, 2010
Terry Ann Yakas answered:
Hi Irina,
138 E Avon actually was sold and settled in Sept of 2009. It was an REO. This is on the boarder of Chester by considered Parkside. If you are interested in bank owned properties in the Chester or surronding areas please feel free to contact me and I will be more then happy to assist you. ... more
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Wed Jun 9, 2010
Sumner Lymburner answered:
The web sites for the community or the county should have the information as should a local realtor. I will refer one to you if you do not already have one. here in Texas we do not have state or local income tax.

Sumner Lymburner
Broker Associate
San Antonio
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Wed Jun 9, 2010
Shannon Diiorio answered:
Are you speaking of Bethel township in Delaware County? The taxes will depend upon the size of the lot and age of the home as well as other variables. But as a general rule of thumb you can expect to find about $3000-$3500 for every $200,000 in sale price for existing single homes in average condition. More for new construction or newer homes, less for condos or homes with a very small lot size.. www.DogTheHouseHunter.com will show you the taxes for any home in your search. Just click on the listing, click on details and then click on details again and scroll down for the tax info. Bethel township just recently began calling itself Garnet Valley so in order to search the township you can search Garnet Valley or the 19060 zip code, which is also new. ... more
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Wed Feb 24, 2010
Debbie Greto answered:
Hi Nikki The Toby Farms neighborhood offers affordable homes to many first time home buyers. In many cases buyers mortgage payments are the same as the rent they would be paying in an apartment. A few of the active homes that are for sale right now belong to one investor. With the first time home buyer credit available until April 30th sellers are taking advantage of an active market. If you would like a list of the Toby Farms homes for sale please email or visit my web site http://www.debbiegreto.yourkwagent.com ... more
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Fri Jan 22, 2010
Mark Barone answered:
Irina:
Basically to answer you question: Pre-foreclosure Homes are not listed as pre-foreclosured. They are properties that could be for sale with a Real Estate Company called (short sales) see my blog on short sales- http://mbarone1.wordpress.com/category/uncategorized/
This would educate you on the short sale process.
The Delaware County courthouse website shows foreclosures upcoming at the Courthouse, Either Sheriff sales or Judicial Sales: http://www.co.delaware.pa.us/sheriff/realestate.html

In addition to working as a Real Estate Broker in the area; I also work for a company who has contracted with a few dozen banks and servicers throughout the country. The objective is to help homeowners with the Obama's administration HAMP program, (Homeowners Affordable Modification Program). Homeowners are given the opportunity (if financially capable) to modify their mortgage loan. In the event homeowners either can't qualify for the HAMP, they will decide to sell the property prior to the foreclosure date. These lenders throughout the US do not wish to foreclose on homeowners since it will cost thousands in legal fees.

Pre-Foreclosure:
It basically starts like this:
This process of foreclosure begins when a homeowner defaults on their loan. Generally when this occurs, the lender involved will issue the homeowner a notice of default, after 60 days (Act 91 notice) and for all intents and purposes this begins the preforeclosure period.

Then from here on out there are many things may happen—the homeowner could and may raise the money to pay off their default debt to the bank or lender and stay in their home,(Modify) (HAMP) their loan to continue make payments to the lender on a 3 month trial period (until they are approved with the (HAMP), OR the lender issues a Notice of Sale (judicial sale) and arranges to put the property up for sale at a later date, (REO) OR the homeowner finds someone willing to buy their home and avoids a foreclosure sale. OR Sell the property if the homeowner is (upside down). (Short Sale)
This last option is becoming increasingly common, as investors and home buyers alike often look to find great homes for sale at extremely low prices through the short sale process.
You would need an experienced (CDPE) & (SFR) Certified Distressed Property Expert and (SFR) Short Sale Foreclosure Specialist o work on your behalf. E mail: mbarone@kw.com Direct 484-468-1310
Hope this helps and Good Luck!
By
Mark Barone-, ABR, CDPE, CRS, GRI, SFR
Keller Williams Real Estate, Media, PA
Associate Broker
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Thu Mar 12, 2009
Fred Glick answered:
No, it is not listed on the MLS as active.

Can you explain more of what you are looking for so I can give you more details?
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