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Home Buying in Morrisville : Real Estate Advice

  • All43
  • Local Info10
  • Home Buying8
  • Home Selling1
  • Market Conditions1

Activity 27
Fri Jan 27, 2017
Stacey Ponthieux answered:
Wed Aug 17, 2016
UpNest Top Realtors answered:
Finding a great agent is a good place to start. Commission rates are negotiable and can vary. The key to negotiating the best rate is to compare and interview several agents in your local area. We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to "comparison shop" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! http://www.upnest.com ... more
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Sun Nov 15, 2015
Diane Christner answered:
What is your specific question???
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Wed Jul 22, 2015
maureencorbett.gross asked:
07/20/2015 Shooting/Stabbing. Overnight: shooting 07/17/2015 Shooting/Stabbing. EMS tx to trauma center. PD held scene for investigation.
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Tue May 5, 2015
buyer2015 asked:
I am in the market to buy a new construction single family home which will be built by Toll Brothers in Yardley, PA. (expected to open in July)
If I go with a buyer's agent, Can he/she…
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Wed Apr 8, 2015
Dan Tabit answered:
Dave,
If the property is 25% smaller than advertised, this would affect the value as land is a major part of any properties value. The asbestos issue is different. A seller may not know they have it, or could have forgotten or chosen to not disclose, but in any event you now know and get to decide how to proceed. I'd suggest you find out if it needs to be removed or sealed by some means and what the costs involved are. Based on this you may or may not want to move forward.
Depending on the terms of your contract, you may be able to renegotiate your terms due to the new information and should consider it. Your agent sounds like an obstacle verses a aid to getting information and formulating a plan. If they aren't helping, discuss it with their broker or just terminate the deal, if your contract permits, find another higher quality agent and move on.
Sorry you're having difficulties.
... more
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Sat Jul 26, 2014
Michellekosmowsky asked:
If a house has leans, on then who pays, them after the house is,sold at sheriff's sale ? When.should the creditors expect to be paid ???
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Fri May 30, 2014
Kevin Delaney answered:
Thu Sep 5, 2013
Kim Rock answered:
Is your goal to sell your home to someone who will then keep you as a tenant? If you email me the info I can send it out to a few of my investors to see if they would be interested in this opportunity. Kimberly.rock@comcast.net ... more
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Sun Jan 27, 2013
Julie Snyder answered:
Interesting. Those scores are based on results of users rating an area on a number of factors. I'm surprised to see that cleanliness scored only 4/5 stars too!
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Wed Aug 1, 2012
R. Eric Axelson answered:
Wed Jul 18, 2012
Lisa-marie Lemaire answered:
Hello,

A short sale is a real estate transaction where the proceeds from selling a home fall short of the outstanding mortgage amount against the property. A short sale is undertaken by an investor and a homeowner who cannot meet their mortgage requirement. The investor purchases the home below the mortgage amount (at a discount) and assumes ownership of the house. In turn, the seller’s mortgage is regarded as “paid in full” with the lender. The bank or institution who holds the mortgage agrees to the short sale because it rids itself of future losses in the form of foreclosure penalties/fees and or auction fees; furthermore, the lender eliminates a toxic loan from its balance sheet.

The short sale transaction is used as an alternative to a foreclosure because it mitigates reoccurring or additional fees to both the borrower and mortgage holder.


A foreclosure is the process by which a mortgage lender terminates an existing mortgage through a court order or by an operation of law. Foreclosures occur after the borrower (individual who takes out the mortgage from a bank to purchase a home) fails to meet the payment obligations outlined in the loan agreement.

Typically, a lender will offer a mortgage to a borrower, and in turn, the borrower—now homeowner—will pledge an asset (the attached house) to secure the loan. If the borrower defaults on payments, the bank or mortgage holder can repossess or foreclose on the property. That being said, if the borrower defaults, then repays the debt, courts of equity can grant the homeowner the equitable right of redemption. When a home is foreclosed it is either auctioned on the open market or re-sold by the coordinating bank and Real Estate Company. The previous owner, in the simplest of terms, loses all connection to the house.

If you are looking to purchase a property and it is a short sale, be prepared for the possibility of it to take a considerable amount of time 3-6 months in some cases. Once submitted to the bank, it go through the motions, researched, reviewed, ect. prior to accepting or countering the deficiency amount. Most lenders are also months behind because they have such a higher number of "loans in default" on their portfolios.

Purchasing a foreclosed property is a faster process than a short sale. Lending institutions have REO departments dedicated to selling their owned properties. Since they hold the title, there is less committee decision making. The asking prices are usually below market value, so buying an REO is an ideal way for prospective buyers to enter a market that they may normally be priced out of.

Make sure you do your due diligence on the property with a short sale or foreclosure. I would highly recommend having a home inspection to assess the condition of the property.

Best of luck,

Lisa marie
... more
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Tue Jul 10, 2012
Christelia Beck "Chris" answered:
There are several New Construction homes to be built in Yardley Borough. But also in Yardley, outside the borough, there is a new 55+ Active Adult Community being built right now. Amenities include clubhouse with state-of-the-art fitness center, indoor and outdoor pools, club rooms for billiards and cards, library, tennis and bocce courts, whirlpool spa, and more. ... more
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Sun Mar 4, 2012
Joan Kamens answered:
Property taxes can vary greatly due to age of home as well as improvements homeowners have made during ownership. Two properties built at the same time may be next to one another however one homeowner may have made improvements requiring township permits. When the township reviews the improvement the home may receive a new assessment therefore raising taxes. This is just one of the variables that currently exist in Bucks County. When purchasing a property a Realtor can pull property taxes of neighboring homes as a comparative to help analyze a purchase decision. ... more
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Sun Jan 22, 2012
jscottrob answered:
Buy a house in Pennsylvania as close to the Trenton Train Station as possible. Your commute will be around 20 minutes, and you won't be stuck with a house In NJ when you decide to move. ... more
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Fri Apr 22, 2011
Erica Ramus, MRE answered:
What area are you looking at? What price range? We need more details.
0 votes 12 answers Share Flag
Mon Oct 18, 2010
Kim Tokar Team answered:
I just got one on Williams Lane in Lower Makefield. 3 bedroom going for 200k. 215-817-4278
1 vote 12 answers Share Flag
Sat Jul 24, 2010
Ian A. Wolf answered:
This home was just sold in Nov 2009, and I do not see it listed for sale at this time. It may just be that whoever originally posted in on Trulia hasn't taken it off.
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