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Home Buying in Phoenixville : Real Estate Advice

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  • Local Info8
  • Home Buying22
  • Home Selling2
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Activity 29
Thu Aug 11, 2016
Sally Grenier answered:
Not sure I completely understand the situation. Are you talking about a short sale? (That's the only reason why you'd need to get a response from their bank). If that's the case, then you need to educate yourself on short sales. First lesson: they are not short. They can take weeks, months...even a year or more. You need to talk to your agent about this (hopefully you have a buyer's agent working for you, and not just working with the listing agent?) The listing agent should be able to explain to your agent what is going on, and where they are in the short sale process. There are different steps, and different factors involved in a short sale. No two short sales are the same.

Maybe the bank has requested the agent to wait XX weeks and then submit all the offers at once? Maybe they're waiting to get a BPO on the property from the listing agent to see if $165K is a fair offer? (Broker Price Opinion). Do you know if the the seller even applied for a short sale with their lienholder? How many liens are on the property? (the more liens, the longer it takes). Seller has to show a financial hardship. Who knows if they can show that or not??

You may want to have a heart to heart with your agent and get an idea of how long this particular sale will take. If it's going to be months, are you prepared to wait that long? And what happens if the short sale doesn't get approved and the bank just forecloses on it? (that's a possibiltiy that happens all the time).

Short sales are a very complicated process. Talk to your REALTOR. Good luck!
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Sun Sep 20, 2015
My NC Homes Team answered:
At this point your options are limited. Technically the reports belong to you, but your agent shared them with the Seller giving them access to it. My advice is move on and forget it. You choose to terminate, (you didn't indicate whether you gave the seller the option to work with you to remediate the issues) and this was your right. Buyer's should not expect Sellers to pay for inspections, it's for the buyer's beneift not the Sellers. You could have your agent contact the buyer's broker when the houe goes under contract again and offer them your reports for 1/2 price. The Seller may not legally share your reports with anyone without your permission. ... more
1 vote 1 answer Share Flag
Wed Aug 5, 2015
Omijame567 answered:
We offer the right solution to your financial needs.We stand apart from other lenders because we believe in customer service,and we stay with you until you get the results you want.In general we offer home loans,car loans,hotel loans, commercial loans,business loans,e.t.c, at lower interest rate of 3%. Contact us (omijame567@gmail.com) ... more
0 votes 34 answers Share Flag
Thu Apr 17, 2014
Edmund Choi answered:
Just relocated a family from Florence to the Collegeville area. The area has a nice balance of new and classic homes, newer school facilities, and easy accessibility to parks, shopping, and the corporate centers in Great Valley, Collegeville, and King of Prussia. Commuting routes can be congested at rush hour, but where isn't it in the Northeast; however, if you seek access to regional rail for travel to downtown Philly, some locations are better than others. Also, some of the newer YMCA facilities service this broad area. If you'd like to discuss options, let me know. Good Hunting! ... more
0 votes 1 answer Share Flag
Wed Oct 9, 2013
Debbie Boland answered:
If the property is located in a FEMA flood zone you will be required to purchase yearly flood insurance.
This is in addition to the yearly homeowners insurance. The yearly flood insurance can run as high as $2,500.00 per year. This insurance is required for the lender to finance the loan.

I personally feel there are many properties for sale and would avoid purchasing a property that is located in a flood zone.

Debbie Boland
Keller Williams Realty Elite
cell-610-763-7834
www.debbiebsellshouses.com

SERVICE BEYOND YOUR EXPECTATIONS
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Tue Oct 8, 2013
jim clark answered:
Melissa,Hello,My name is jim clark from beiler-campbell in Avondale.Im currently working with soom clients just like yourself!Give me a call and we can talk in private to get you started!610-761-4415 THANKS! ... more
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Mon May 7, 2012
Alexander Shulzhenko, ePro answered:
Hello Harry,

I am a Veteran myself and deal with VA loans all the time.
Please let me know the property address and i will let you know the closing costs.

Also, are you a disabled VET? If so it would matter as VA does not charge a Funding fee for Disabled Vets.

Best Regards,

Alexander Shulzhenko
Realty Mark Cityscape
267 738 0886
www.eRealtyFind.com
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Sun May 6, 2012
Alexander Shulzhenko, ePro answered:
Hello Harry,

Please provide the address of the property and i will send you a private email with estimated closing costs.

Without knowing the property taxes it would be hard to give you an estimate. Also the type of mortgage will matter as well as different types of loans have various origination fees.


Best Regards,

Alexander Shulzhenko
Realty Mark Cityscape
267 738 0886
www.eRealtyFind.com
... more
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Tue Jan 24, 2012
Phil Rotondo answered:
Central Bucks Healthier Community Team/ CB Cares
252 W. Swamp Road Unit 5 Baliwick
Doylestown, PA 18901
215-489-9120
http://cb-cares.org/index.cfm



The Central Bucks Healthier Community Team is a nonprofit organization, working as a coalition with community leaders, agencies, businesses, schools and families for the purpose of improving the quality of life in Central Bucks. A healthier community is one in which every person experiences a remarkable sense of community where challenges become opportunities for collaboration and results in a feeling of well-being ... more
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Wed Oct 5, 2011
answered:
Hello Erin,

I have sourced funds from overseas before. The lender asked for customs documentation which would have been fine if they had actually declared the funds. It turns out that the amount was not taxable anyway. If the money is currently in a joint US account you are fine. If not the lender just needs to see proof the funds are in the bank. Generally my lenders have not asked for 60 day seasoning on gift funds so we show an account with the money in there you are good. They may question a large deposit if they see one but if there is no large deposit in the account then you should be fine.

Alan
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0 votes 6 answers Share Flag
Wed Oct 20, 2010
Christopher Luckowski answered:
Dear home buyer,

The property values in Rivercrest are holding pretty stable at this point. There was a dip over the past year, but values have leveled off again. If you need help with your next home purchase please give me a call or email. This is my local market area and I can answer any questions you may have.

Thank you,

CHRISTOPHER LUCKOWSKI
CENTURY 21 Alliance
2009 Quality Service Award Winner
2009 Multi-Million Dollar Producer

322 North Lewis RD
Royersford, PA 19468
(610)948-2100x 324 Main Office
(484)942-9381 Direct CELL
Licensed in PA: RS-308027
Email Address: Luckowski@CENTURY21.COM
Website: www.THEPAREALTOR.COM

I represent people of all price ranges. All of my clients and customers are treated as Family. If you or someone you know needs the level of service that I bring to the table, have them give me a call. See what separates me from the rest of the market. Visit my website to see what is for sale in your area and to gain useful real estate information! WWW.THEPAREALTOR.COM.
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Wed Oct 20, 2010
Christopher Luckowski answered:
Hi Laura,

I am very experienced in the Phoenixville Area. I graduated from Phoenixville High School. I have lived in Phoenixville almost my whole life. I would be able to find you a great home and get you the best price. You need a great buyer's agent to represent you in this home buying process. Please call me or visit my website to get more information.

Thank you,

CHRISTOPHER LUCKOWSKI
CENTURY 21 Alliance
2009 Quality Service Award Winner
2009 Multi-Million Dollar Producer

322 North Lewis RD
Royersford, PA 19468
(610)948-2100x 324 Main Office
(484)942-9381 Direct CELL
Licensed in PA: RS-308027
Email Address: Luckowski@CENTURY21.COM
Website: www.THEPAREALTOR.COM

I represent people of all price ranges. All of my clients and customers are treated as Family. If you or someone you know needs the level of service that I bring to the table, have them give me a call. See what separates me from the rest of the market. Visit my website to see what is for sale in your area and to gain useful real estate information! WWW.THEPAREALTOR.COM.
... more
0 votes 2 answers Share Flag
Sat Sep 4, 2010
Gita Bantwal answered:
If you have made recent improvements to the home provide information to your agent and show why you think your basement and kitchen are better. . They are getting stricter with appraisals these days. ... more
0 votes 8 answers Share Flag
Sun Mar 14, 2010
Jennifer Daywalt answered:
Hi Kim,

I am the Top Realtor here in Phoenixville. You will not be able to utilize the USDA Loan as it is not applicable here in Phoenixville. You will have to go to other areas to utilize that type of loan, such as Royersford (but only a few areas in Royersford). Also you will not be able to utilize the total $8,000. They are only allowing you to use $5,000 of that $8,000. It is a very long and drawn out process so be prepared for that. Most lenders are not even doing it. However I can tell you that Wells Fargo Home Mortgage does provide that type of loan.

I would have to say if you can use a straight FHA loan that is the way to go for you. Although I thought the last time I checked that the credit score for FHA had to be 640 and the credit score for USDA needs to have low back ratios. In any even align yourself with a DIRECT LENDER. This is very important.

If I can assist feel free to let me know.

Jennifer Daywalt, Realtor
Selling Chester, Montgomery, Delaware, Berks and Philadelphia Counties
Top Realtor 2004, 2005, 2006, 2007, 2008
Author of “Ask The Realtor” Every Saturday in The Phoenix Newspaper
Daily Blog http://www.phoenixvillenews.com
610-999-7693 – Direct Line
610-489-7355 – Main Office
610-482-9623 – Direct Fax
Sellinghomesjenn@aol.com – Email
www.JenniferDaywalt.com – Website (Search all homes in PA for Sale)
Licensed in PA since 2001
... more
0 votes 5 answers Share Flag
Mon Dec 28, 2009
Cheryl R. Supplee answered:
Everything is negotiable.

Cheryl Supplee
Coldwell Banker Preferred
716 Dekalb Pike, Blue Bell, Pa 19422
610-812-6575
csupplee@cbpref.com
0 votes 7 answers Share Flag
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