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Landenberg : Real Estate Advice

  • All24
  • Local Info4
  • Home Buying10
  • Home Selling1
  • Market Conditions1

Activity 20
Sun May 1, 2016
Admin asked:
I am a landlord with a posting on trulia and zillow. I need the correct link. The link I have treats me like a renter.
0 votes 0 Answers Share Flag
Fri Jul 3, 2015
Jeanine Lamb answered:
Like any of the areas surrounding Kennett Square, Landenberg has its pockets of odor. In my travels showing homes there, most of it is not impacted and is a beautiful place to live. The best thing to do it look on a case by case basis and ask neighbors. ... more
0 votes 2 answers Share Flag
Wed Nov 13, 2013
Michael Norris answered:
I would be glad to provide you with comps for the area. Please email me at Michael.Norris@foxroach.com
0 votes 3 answers Share Flag
Wed Nov 13, 2013
Michael Norris answered:
There is a marina with boat ramp in the Middletown Delaware area on the C and D Canal. This provides access to both the Delaware River and the Chesapeake Bay. That is about 40 minutes from my home in Landenberg. There is also boating in the Conowingo Maryland area that is about 45 mins from there. This affords many opportunities for fishing, crabbing or pleasure boating.

As a 40 plus year resident of Landenberg, I am very knowledgeable about the surrounding area, feel free to ask any additional questions you may have about Landenberg.
... more
0 votes 2 answers Share Flag
Fri Apr 12, 2013
Howard Urbine answered:
What this means is heat pump with electric backup. That would be instead of oil or gas backup. A heat pump does not create the heat used to warm your house, it just collects it from the environment and concentrates it in your home. Think of it like a magnifying glass using the sun to start a fire. When the air is too cold, the unit cannot efficiently gather heat. I believe the critical temperature is in the mid 30's. When the air outside is this cold, a backup system creates heat for the heat pump. It could be oil, gas, or electric. Electric heat is the most expensive usually but the cheapest system to buy and you don't need fuel tanks around. Some people don't like the luke warm air a heat pump puts out but when working in moderate temperatures, they are very efficient as the electricity is only used to gather the heat so much less energy you have to pay for is used. A more expensive and better system that uses the same principles is the geothermal heat system that uses the ground or a water source as a heat sink or source. ... more
1 vote 5 answers Share Flag
Sat Apr 6, 2013
Jennifer Dastalfo answered:
Hi,

This home is located in a beautiful country setting, yet you are about 15-20 to the local shopping areas, Giant, Acme, Local Strip Malls, Lowes, McDonalds etc...Christiana Mall is within a 30 min drive depending on traffic. The Lancaster outlet shopping is about 40 to 45 min depending on traffic.
White Clay Creek State Park is just minutes away and Nottingham State Park is about 20 min away.
If I can be of any further assistance, please do not hesitate to contact me. Landenberg is a very desirable area to live!

Jennifer
jdastalfo@yahoo.com

Realtor
Beiler-Campbell Realtors
610-932-1000
... more
0 votes 3 answers Share Flag
Mon Dec 3, 2012
Michael Milligan answered:
No, you don't NEED one but you should ALWAYS have a buyers agent representing you in the purchase of a new home. The sellers pay for the agent commission, so its essentially free representation. Why wouldn't you want free professional advice from someone who knows the area, knows the builder and their history, knows how homes are selling in the community?

I'm a top rated agent in the area featured in the Dec issue of HGTV magazine. Call or email me for any assistance.

Mike Milligan
302-299-1110
Mike@milliganteam.com
... more
0 votes 11 answers Share Flag
Mon Nov 12, 2012
Dan Tabit answered:
Natalie,
A great local agent. We have access to the information, do not require you to sign up and pay anything and we have great local knowledge to assist you make the right decision.
Buying at an auction is a risky proposition. You have minimal opportunity to inspect the property, all sales are cash (at least to the bank, financing can be set up at a premium fee and rate with a large down payment though some HardMoney lenders), you get no seller disclosure and there is always the possibility of overpaying. Auctions are better for the seller than the buyer in many cases.
... more
0 votes 3 answers Share Flag
Mon Jul 9, 2012
Alison Hillman answered:
Hey Donna-

I'd recommend finding an agent using Trulia's Pro tool to get a better sense of homes in your area.

Here is a list of agents near you:

http://www.trulia.com/voices/directory/Landenberg---21308

Hope that helps,
Ali, Community Manager
... more
0 votes 1 answer Share Flag
Thu Jul 5, 2012
Michael Milligan answered:
There are so many programs available they can't be listed. The answer is yes and you should call a local mortgage officer to get the "exact" product you need.

Anne Stulpin, Citizens Bank, 610-574-8090
Anne.Stulpin@citizensbank.com

When you are looking to find that perfect house to fit your loan program, please call or email me.

mike@milliganteam.com
484-466-6455
... more
0 votes 4 answers Share Flag
Wed Jan 11, 2012
Jill Callahan answered:
Hi Rob,

The best way to find out if you can purchase a new property is talk to a loan officer and he can give you the best information. I'm a local Chester County agent and I would be happy to help you in any way I can. Please feel free to contact me on my cell 610-470-4945 or e-mail jcallahan@cbpref.com.

~Jill Callahan
... more
0 votes 7 answers Share Flag
Mon Jun 6, 2011
Annette Lawrence answered:
Landenberg,
Traffic is slow - what is this based on? If 2 homes sold in your area last month and inventory is 20, what is the traffic expectation? This is a critical piece of information.

Is your area the real estate 'hot spot' or is there a community of competing homes that are selling in greater numbers? This is a critical piece of information for your plan B.

Is your home #1 in some category? Price, move-in, most desired, lowest cost utilities, ... identify your homes best assets and make certain they distinguish your home.

With the consultation of your real estate professional, develop the plan that allows you to dictate the terms in which your home is discussed. Establish expectation on what can be expected in showing activity. Finally, have you made clear to your agent your objectives and needs especially your time issues. Your agent will be able to present no less than three options that will allow your home the greatest exposure and best purchase offers.
However, you must be willing to make your home #1 in something real. From there your agent can carry the ball to a successful closing.

Your question, "Is a selling bonus worthwhile?" Absolutely! But it must be connected to something that makes sense. An agent who understands marketing will see the value in the bonus. A bonus is not a solution for a poorly positioned home, but is an effective accelerate to reaching your time goals.
... more
0 votes 6 answers Share Flag
Tue Dec 7, 2010
Michael Milligan answered:
I am a local agent licensed in DE & PA with several listings and buyers in Landenberg. Please contact me at your convenience so we can tour the home and determine if it's right for you. I completely agree with your research that it has been on the market for some time with limited price reductions, which could mean several things. The homeowner won't reduce price because they aren't listening to their agent's advice on market conditions, or can't lower their price due to liens on the property etc. Neither of which matter when making an offer. Please contact me to discuss in detail and see this home and others like it. ... more
0 votes 7 answers Share Flag
Mon Dec 6, 2010
Andrew Luett answered:
Yes, up to a 50% debt-to-income ratio is possible with an automated underwriting approval through Fannie Mae or Freddie Mac. However, if you are applying for a conventional mortgage with PMI or private mortgage insurance, 45% with ["compensating factors"] would be the standard.

Hopefully this answer helps you. Please let me know if I can be of further assistance.

Thanks,
Andrew

aluett@luettmortagegroup.com
... more
0 votes 10 answers Share Flag
Thu Dec 2, 2010
Sepabuyer answered:
Wow, this has been an interesting conversation to follow. Just looked it up (it's now December 2010) and it appears the property finally sold in June 2009 for $595K. According to zillow, it's last listing price change was in April of 2009 for the same $595K. I personally think the owner was very lucky to get even that much! I think if it were on the market today, it might be listed at 400 or 450K. It seems like home prices are still dropping. Of course, take my opinion with a huge grain of salt, I'm just another random person out there looking to buy... ... more
0 votes 15 answers Share Flag
Fri Sep 11, 2009
D. Derderian answered:
It's not an insult to make an offer. If you need assistance feel free to call me their are specific guidelines that must be taken prior to an offer, which I can email you if your interested. ... more
0 votes 4 answers Share Flag
Wed Sep 9, 2009
Kathleen Lordbock answered:
One system is totally automated and lacking in details that make a difference The other, by a REALTOR factors in many other aspects and is far more accurate in a true market value assessment. ... more
0 votes 4 answers Share Flag
Sat Jul 4, 2009
Chris & Stephanie Somers answered:
Lisa,

That is a good question. I have a long answer for you all they way from Philadelphia where I work.

A rent to own agreement (at lease the way we do them) is a lease with a slightly inflated monthly rent accompanied by a full agreement of sale with an agreed upon sales price. It is between you and the seller to determine how long the lease will be and if you will loose any deposits if you do not buy in the end.

Having a solid work history and money in the bank makes you a stronger renter. But a poor credit history (due to: not paying bills for example or a high debt to income ratio...) will lower your standing and may raise a red flag to the seller. As a buyer of a lease purchase property, you will need to show the seller that you are ready willing and able to correct your credit to the point that you will be able to procure a mortgage by the time the lease expires. Speak to a mortgage person now and do a credit repair program. Make sure you are claiming all of the money you make on you tax returns. Under the table money hurts people's chances getting a loan.

You seem to have a good grasp of the concept. But the Lease Purchase options out there are super slim. You may need to have your Realtor throw the idea out to the Seller to see if they'd be interested in entertaining that type of purchase option. It may be a challenge to find a Realtor who knows how to structure a purchase like this but there is so much info out there to assist them, I am sure with some intelligent investigation, they can figure it out. It takes a lot of work to put these contracts together and the Realtor does not get paid (except possibly 1/2 of the 1st month rent) until the property settles.

I have attached a few links from our Blog that you may like regarding the lease purchase and related process:

http://philadelphiarealestatevoice.com/post/783695/lease-purchase-what-is-it-and-how-do-you-do-it-
http://philadelphiarealestatevoice.com/post/1045387/renters-need-good-credit-too-
http://philadelphiarealestatevoice.com/channels/home_buying/topics/renting_vs_owning

Hope this helps you and anyone else who is interested in the lease purchase process. As a Realtor, I think this may be part of the solution to get some homes off of the market now. The payoff for this is low for the amount of work it requires but I am willing for the Big Picture Benefits. Others are too!

Stephanie
... more
0 votes 1 answer Share Flag
Mon Feb 16, 2009
Cindy answered:
We live outside of Oxford, just a few minutes from Landenberg. Out taxes are just under 6K. We have a beautiful 3-4 bedroom 3 full bath log and superior wall home with over 3000 sq sf, PLUS a second stone building with 2 more oversized garage spaces (for a total of 4 gargae spaces), a walk out lowel level which houses a work shop and a full third floor, currently a man-cave and a home office. The main house features a brand new kitchen with granite counter counter tops, new stone backsplash, custom cherry cabinets, new staninless appliances, a second kitchen on the lowel walk -out level. This level also features a huge family room with stone wood-burning fireplace (one of 2 in the home), a custom stone bar, home office, craft room and full bath. The third level of the home is a huge loft which serves as another home office. Both my husband and I are in telecommunications and work from home! This sits on 2.4 wooded acres with a stream runing through the property. Two decorative ponds are inthe front yard~absolutely stunning during dpring and summer. The home goes on the market next week. ... more
0 votes 6 answers Share Flag
Sun Aug 3, 2008
D. Derderian answered:
Hi, There are currently about 5 homes in the landenberg area currenly for sale under 350. Landenberg is a beuatiful small town with great views. Plenty of hiking and very,very close to the White Clay Creek State Park. Plenty of golf coruses in a 10-20 minute card ride. Major shopping and or malls about 15-20 minutes. ... more
0 votes 5 answers Share Flag
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