I will be honest with you, Norristown can be a tough sell. I lived there in the past and work there currently, so I know the area well. And like any area, it has its good points and bad points. However, the one thing I know for sure is that the Norristown real estate market is among the most challenging in Montgomery County. Since there is so much competition and the average time on the market is long, not to mention the higher than average number of foreclosures in the Borough, selling a home there takes a hands-on, aggressive marketing plan, including an appropriate list price. Otherwise, you will be like the many other area listings and linger on the market for months until your listing â€œexpiresâ€. Furthermore, you should be aware that the Borough has very stringent U&O requirements (repairs and certifications), which are necessary for resale.
Of course it is not all doom and gloom! I am actively working with buyers who are open to Norristown if the right property comes along and I currently have a listing there under agreement. Also, there is a first-time homebuyer program for qualified buyers offered by the Borough that is supported by HUD, which helps with closing costs and down payments.
If you are serious about selling, I would be happy to discuss these matters in greater detail with you. Please give me a call at 215-692-3518.