Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Lehigh Valley : Real Estate Advice

  • All19
  • Local Info1
  • Home Buying15
  • Home Selling0
  • Market Conditions0

Activity 18
Thu Apr 9, 2015
Heidi Reis asked:
Wed Feb 11, 2015
Kenneth Felix answered:
it is difficult to answer your question without knowing which property you are researching. If the home is in an historic district, the zoning board can legally limit changes you can make to the home. If the home is part of a planned community such as a 55+ adult community, the Home Owners Association can also limit changes you can make. It would be best to check with your realtor to have the seller clarify any ambiguous entries on the seller's disclosure form. ... more
0 votes 1 answer Share Flag
Fri May 30, 2014
Annette Lawrence answered:
Struck out on 5 homes in Lehigh Valley.

Allison, the information you need is the 'market value' of these homes.
This is why you rely on a real estate professional.
Not Zillow.
Not Trulia.
Not tax records.
Not data 4 months old.
Not incomplete data
None of these will provide you what you must know...MARKET VALUE!

Now if the real sold price was 20% above MARKET VALUE...that is what one would call a 'red hot' REO market place. In such a case you should be shopping in the traditional market place.

Until you start acting on real data, your outcomes will not change.
... more
0 votes 4 answers Share Flag
Tue May 27, 2014
Anna M Brocco answered:
For accurate information, you really should be asking/discussing such questions with the local municipality....
1 vote 1 answer Share Flag
Tue Mar 25, 2014
Heather Moriah Martin answered:
Before you make an offer - Your Real Estate Buyer Agent should be proving to you what the current market value is for the property - by pulling properties that have sold over the past 3 to 6 months in the same community or within a 1 to 3 mile radius - These comparables should be similar in style and the sq feet should not be more then 300 more or less.

Also, remember there are a few different times during a contract for negotiations - Once when you make an offer, once again when you get inspections, and maybe again when your mortgage company conducts the appraisal, maybe again if there are city inspections and/or homeowner inspections.

Also, you are the BOSS! if you want to make an offer at a certain price and your agent does not want you to do it - then you may want to find another agent. The risk of making a low ball offer is that if there is other buyer offers being considered you may not get the property - But, in most cases when there is multiple offers - All Buyers have an opportunity to then give their highest and best offer - so basically you will have an opportunity to raise if you want to. Also, if there is an issue but the complete details are not known about the cost of repair - you can make a higher offer at the beginning and then request a reduction after you get professional opinions and estimates during the inspection period and if the seller will not give you the reduction - you can just terminate the agreement of sale.

I hope this helps.
... more
1 vote 3 answers Share Flag
Mon Mar 24, 2014
huyenthoai99 asked:
Eppraisal.com listed the property with 1376Sqft but Trulia/agent has it for 1976sqft. Would the property tax be different if City finds out about the discrepancy??? Bottomline... what is…
0 votes 0 Answers Share Flag
Thu Jan 23, 2014
Daniel Huber answered:
Ron,

I hope you have had better success finding a place to call home since I last answered. If not, please feel free to give me a call.
0 votes 2 answers Share Flag
Thu Jul 18, 2013
Carol Ann Loughery answered:
Good morning, I am Carol Ann Loughery, RE Agent with RE Linc Real Estate Group, LLC - Huntingdon Valley, PA *** 215.914.0300- cloughery@verizon.net *** Yes, I am associated with several Preferred Lenders that I refer to my buyers who have credit issues, and those who have perfect credit who can get you pre- approved for a mortgage, and into your new home in 30-60 days. Your first step is to get a Guaranteed Pre- Approved Letter from a Licensed Lender, NOT a BROKER, that will determine how much you can afford. Then you contact a realtor who has access to information on homes in your price range. SET APPOINTMENTS FOR YOU TO VIEW THESE HOMES. I will be with you at every step of the process. I would like to be your realtor, and get you settled in 30- 60 days. FAITH CAN MOVE MOUNTAINS, AND I CAN MOVE YOU. Looking forward to hearing from you! ... more
0 votes 6 answers Share Flag
Thu Jun 13, 2013
Santiago Rivera answered:
Carlin, did you mean financial literacy.

Financial literacy is the ability to understand how money works in the world, how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.

I like this topic of discussion because we are living in a new economy and the more informed you are about your finances the better off you will be.
... more
0 votes 5 answers Share Flag
Mon Feb 4, 2013
Autumn Bragg answered:
Your best bet is to work with a real estate professional. They have direct access to local data and can supply you with the current and accurate information that you need in preparing a fair offer. In additional, they can guide you in considering what contingencies should be placed on the offer such as home inspections and the like. You wouldn't try to fix your car yourself unless you were a mechanic, so why try to price a home and make an offer, with out the asssistance of a realtor. ... more
0 votes 7 answers Share Flag
Mon Feb 4, 2013
Autumn Bragg answered:
I suggest area attorney Zachary Zawarski. I know he has helped those with some tough real estate issues in the Lehigh Valley. Here is the link to his website: http://www.zawarskilaw.com/ . Hope all goes well. ... more
0 votes 3 answers Share Flag
Mon May 7, 2012
Oscar Wild answered:
The right value of a property has puzzled the real estate professional since the beginning of the discipline.

Brokers estimate the value of a house by a CMA & as we all know that the best of the concepts value in use and value in exchange are even more complex

In a nut shell, contact an agent, and tell him that you will not pay him anything but you want him to help you. In most cases you will find that agents often help with out seeing immediate gains are for long term relation building.

I do not know why any one would even attempt to estimate this complex figure with out a professional advice if you are buying with your hard earned money.
... more
0 votes 8 answers Share Flag
Fri May 4, 2012
Oscar Wild answered:
If the property has not sold for three months it is ripe enough to be snatched at a bargain price.

Home path allows light to moderate renovation. The one loan amount includes renovation that can be up to 35% of the as completed value, no more than $35,000.

Try contacting at least three of these companies.

Colonial National Mortgage,
First Guaranty Mortgage Corporation
First Merit Mortgage
First Place Bank
Flagstar Bank
Prime Lending, Prospect Mortgage

Most lenders have a procedure to make sure that renovation funds are spent well. That means more paper work and certification than you might have thought earlier. This leads to adding over heads to renovation costs.

You may be asked to break down expenses as

Labor (if you're using a contractor)
Tools and equipment (if you're doing it yourself)
Materials
Permits
Cleanup

Whether you use a contractor or go it alone, make sure that you add 20 to 30 percent more to your total budget to account for unexpected costs and errors


Call me and I can put you in the right direction..

Oscar

Weichert Eastom
We are ready to work for you.
... more
0 votes 4 answers Share Flag
Wed Apr 25, 2012
Donna Alexander answered:
The only way to really know how it compares to the other comps is to visit each of those comps and see what upgrades are in the homes the agent used. it is impossible to know what the upgrades may be in the houses the agent used in the comps other then ones that the listing agent may have made note of in the listing. Its no different then then a home that is in a more desirable location then another and how that may affect its value. Everytthing effects value in the eyes of the buyer and what features are desirable to that particular client.. and what you are willing to pay more to have. ... more
0 votes 1 answer Share Flag
Sun Sep 25, 2011
Oscar Wild answered:
Allison, having had the loss of my mother at a young age to me, I know there is no worse time than the loss of a mother. I can only wish you strength and more of it.

I am a Realtor as well as a leading rental property owner in Lehigh Valley. I have encountered this situation several times and I understand how hard it is. This is the way to go. First Rule, use a local Realtor, it costs you nothing to get them to help you. Realtors do this job 24/7, know the business, and most should be able to give you several options with in few days. BTW A realtor is also faithful and loyal to you like a dog. Rule 2 Ask friends to recommend you a good Realtor. Good professionals have many satisfied customers. Rule 3 Provide as many documents as you can. Realty thrives on paperwork. Of course every one should give their agent income proving documents; Pet owners need to do more. Provide letter of references from friends, boss, neighbors, Church buddy, and pictures of your dog. Show how trained your pet is. Call landlord to your home to show that there is no damage by pet ever. Provide a copy of license, (tag), and a letter from a veterinarian. Rule 6 Be ready to pay a little more to have a pet. Landlords need to cover extra wear and tear. Last and most important rule. Take care of the property you rent. Take care of pet odor. Be a good neighbor and keep pet noise to minimum. In case of any difficulty consult your Realtor. A Realtor is your local friend and will always help you. Having a Realtor on your side is a VERY GOOD THING for FREE to you! A Realtor will keep every thing legal and above board. Like a good Dog a Realtor will save you from unscrupulous landlords who target the most vulnerable and needy people with a bad lease document. And when ever you decide buy a house in future – the known Realtor will help you again with double enthusiasm. Isn’t this a double win? ... more
1 vote 4 answers Share Flag
Mon May 3, 2010
Sean LaSalle answered:
No they are not all on the mls. Some banks still do not list them with a broker but most do. The key is to find the pre-forclosures if you want to stay ahead of everyone else. Feel free to contact me, I can help you identify the homes that will be listed soon.

Sean LaSalle
Weichert Realtors
Direct 610-737-5369
... more
0 votes 2 answers Share Flag
Fri Feb 26, 2010
Dallas Texas answered:
In these types of situations repairs prior closing for buyers expense I don't recommend it. Have seller do the repairs on their dime and you IF necessary reimburse at closing. You are at risk if deal does not close.

Lynn911
... more
0 votes 6 answers Share Flag
Tue Aug 11, 2009
Joanne LaFleur, PhD answered:
I don't know anyting about Lehigh Valley but in Lee County Florida at the present time it is single family homes.

Joanne LaFleur
Gulf Coast Realty Network, Inc
(239) 634-0982
JLAFLEUR1234@yahoo.com
www.joannelafleurrealestate.com
... more
0 votes 4 answers Share Flag
Search Advice
Search

Followers

120