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West Chester : Real Estate Advice

  • All234
  • Local Info13
  • Home Buying57
  • Home Selling9
  • Market Conditions10

Activity 254
Mon Apr 30, 2012
Joe Nemeth answered:
Hey there, there is actually a place on Biddle St that says "student rental". Check it out.I think it's close to 516 W Biddle St. If you don't like that one, let me know and I will help you the best I can ... more
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Wed Mar 21, 2012
Adrienne Senior answered:
I'm familiar with Canterbury. I've done a few sales in there in my 12 years. It's a nice neighborhood. But there are many many neighborhoods in West Chester with that look and feel. There's one on sale presently. New Construction 2900 sq feet. 1.80 acres. It's Listed at 496,900 . Of course we have to ask ourselves, why are they building 1 new home in a neighborhood that was built from 1987-1990 . Because the lot wasn't preferable at the time. Maybe a neighbor split his lot and sold it. We will ask those questions. Then you have to consider resale value down the road. If you're still looking around, and haven't connected with anyone yet, feel free to call me or browse my website. I'm very bright, casual, great personality. I consider your money , like my money. We like to part with as little as possible while getting what we want. I just settled on 2 properties in March. Next one is May. Good Luck in whatever you decide. ... more
0 votes 10 answers Share Flag
Tue Feb 28, 2012
Nancydrew1406 answered:
Hi,

We LOVE great renters so keep us in mind. But just FYI:

There is a difference between the Willistown Woods Properties and the Willistown Knoll Properties with the Knoll homes being larger and more scenic. Also, Newtown Square is split between Delaware and Chester County....Willistown Knoll is in Chester County (about 15 minutes to West Chester University). It's off of Rt. 925 in between Routes 3 and 352. Take a drive thru the area...It's beautiful!!! (Note: This is NEWTOWN SQUARE, PA, NOT NEWTOWN, PA).

That said, very few come up for rent because as mentioned before, most are owned and when listed they are usually for sale. It's true that you can go thru a realtor who can search thru the MLS for a rental for you but MANY of us who own properties for rent don't go thru realtors (It's one thing to pay a "one" month rent finder fee - that I can understand BUT most of their contracts demand that we the owner pay a 6% sale fee if the renter wants to buy the house when the lease is up...even FIVE/TEN years later! (I know...Crazy huh)?

So many of us simply rent the properties ourselves...so aside from the MLS, I'd also look in the local (Chester/Delaware/Philadelphia County) print & internet newspapers. We aslo list our properties on craigslist and rarely need to use the newspaper.

(My property has 2 bedrooms and each has it's own private bath. The master suite bath recently remodeled with Italian Marble...Beautiful! AND a loft used as third bedroom or office. Has first floor powder room..Kitchen - all applicances, wash/dry, dining room, lvg room w/fireplace. Finished basement has sliding doors leads to scenic outside). One car garage end unit with private driveway. If you'd like to be put on list for next rental contact us (kharriton@hotmail.com) Title your email: WILLISTOWN KNOLL please.
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Fri Jan 20, 2012
Albana Baci answered:
Hi Lindsey.
I work with Prudential West Chester and I am very familiar with the West Chester area. If you are looking for a good fixer-upper check out 120 Denbigh Ter , it is a great community with tennis court and swimimg pool.
Call me or email me for a showing or more information. I am sure we will find a good place for you at a great price.
Thank you
Albana Baci
Prudential Fox & Roach Realtors
484 680 6616
albana.baci@prufoxroach.com
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Fri Jan 20, 2012
Dan Beirne answered:
Taylor,

I can give you the names of several local offices that do nothing but student rentals. I can also take a look at the local MLS which often has rentals posted. There is a pretty nice apartment complex called the Metropolitan at 300 East Marshall that rents to students. Two bedrooms are about $1100 a month wioth heat included. they have a pool and it is about 3 blocks to town and 6 blocks to campus. Lots of students rent there.
Drop me an email and I'll try to help. My son goes to West Chester and My office is located in town.

Dan Beirne
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Wed Jan 18, 2012
Ann Byer answered:
There have not been any recent sales in Plumtree to give a precise answer to this question. The last sales were in 2009. But this graph shows the median price for all townhouses over the last two years in East Bradford Twp. http://screencast.com/t/IAx9PI09. It shows an increase in the median price, but the data is skewed because there are not many sales (3 in December 2011). End units are always more desirable so this gives you an advantage in this market. The honest answer is that nearly every property has been affected by market conditions. To tell you to expect otherwise would be a disservice to you. ... more
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Mon Jan 9, 2012
Joe Nemeth asked:
I hear a lot of different answers for this..credit is bad, don't want to commit to a long term mortgage, it's just easier like this....Purchase, it's in your best interest..what…
0 votes 0 Answers Share Flag
Mon Jan 9, 2012
Joe Nemeth answered:
Hey, how are you doing? I've seen that you were looking for a condo a little while back, how did you make out?
0 votes 4 answers Share Flag
Mon Dec 26, 2011
Nick & Trudy Vandekar answered:
The sellers disclosure is one of the only documents that survives post settlement. For example the MLS sheet unless included into the agreement of sale is not something you can bring up in a law suit. My suggestion would be to ask your agent to contact the sellers through the listing agent and mention these problems and the hope that you can have them fixed. If you don't get anywhere with this then, a next step is to hire a local real estate attorney. We can supply you with the name of a good local attorney if you need it. Hopefully it does not get that far. ... more
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Sun Dec 18, 2011
Gary Morabito answered:
I think you and your friends are too early to be looking to rent 6 months from now. The rule of thumb is about 3-4 months before you will actually move in. That's because a renter isn't going to hold a vacancy for 6 months. They want to get it rented ASAP. Another thing to consider is not many renters want to take 5 college girls. Sorry, but that's just the way it is. The market you are looking for is small and may be more money than you can afford. Having said all that, I would be happy to help or make recomendations when the time draws near. ... more
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Sun Nov 6, 2011
Don Tepper answered:
Depends on the priorities of the buyer. What's most important to them?

Having said that, I typically start with: (1) Price, (2) Number of bedrooms and baths, and (3) General location.

I don't start with school district. The way school districts are drawn, and how they change from year to year, that's just asking for trouble. If someone is absolutely insistent on living in a particular school district, I'd do a search of houses as close to the school district boundaries as possible. But I'd point out to the buyers that school district boundaries change. Schools get closed. Magnet schools can distort the picture, as well. A whole lot can change. Besides--speaking from personal experience--I can tell you that some schools with an excellent reputation are lousy (for certain students) and others with apparent drawbacks (how about a secondary school with 4,000 kids?) can be an excellent choice.

As for townships (or our equivalent here): No, not unless that's a very high priority for the buyer. Example: There's a small town--Falls Church--in Northern Virginia. It's considered very desirable and the schools are highly rated. But the houses cost more than houses just a few blocks outside the town. And the schools outside the town are still excellent. If someone said, "I absolutely need a house in the town of Falls Church," then--sure--that's what I'd search for. But I'd probably do another search with the same parameters except I'd look maybe a mile outside the town itself.

Where I am--and I know it'll vary based on location--buyers usually are interested in price, home size (bedrooms and baths), distance from where they work (downtown D.C., Tyson's Corner, Rockville, Fair Lakes), access to public transportation (in some cases), and type of property (single-family home, townhouse).

Hope that helps.
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Sat Nov 5, 2011
Robert D Hughes answered:
Nicole, student rentals as you know in West Chester are at a premium. We work with several investors who rent to students. Contact us so we can share that information with you. Also try the student lounge postings as many landlords post their properties there on a regular basis. Good to hear you are wiling to pay $500-$600 per person as that is the going rate to be that close to Campus.

Hope to hear from you,
Good Morning,


Rob Hughes: Long & Foster Real Estate Inc.
(Associate Broker) (AB065650)
(Hughes Associates) (Realtor since 1987)

Office: 610-225-7400 x7438

Cell# 484-410-9765 (Preferred)

WWW.DELVALREALESTATE.COM
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Tue Nov 1, 2011
Daniel Robins answered:
Yes, depending on the builder they may be extremely motivated to move a quick delivery.

WE WON!
My real estate team just placed #1 in Chester County
for the 2011 Daily local News Readers Choice Awards
and top 5% among Real Estate agents for 2011 in
Philadelphia Magazine.
Thank you for your business!
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0 votes 10 answers Share Flag
Fri Oct 28, 2011
Don Tepper answered:
To use Rob's answer as a springboard, would any of your parents be in a position to buy an investment property? I've heard of parents actually paying for their children's education that way. They buy a good investment property. Then they rent it out to kids--including their own child. Often, the child "manages" the property.

A larger property rented out by bedroom often brings in a lot more income than the same property rented out to a single family. Using Rob's numbers--which are similar to where I am (Northern Virginia), a 5-bedroom home could be rented out for about $2,500 a month. (Actually, a bit more in most cases here. But that's a workable number.) Can you find a 5 bed/3 bath home close to campus for $400,000? If so, someone can buy it and pick up some nice positive cash flow. Even if it doesn't appreciate a penny, by the time you graduate the positive cash flow will roughly have offset your housing costs. And if it does appreciate some--say 2% a year--that'll be enough to cover a couple years or more of your tuition.

There's more to it than that, of course. But those are the basics.

Hope that helps.
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Thu Oct 27, 2011
Robert D Hughes answered:
Not aware of any issues in that specific development Dave. However, I have an excellent Stucco inspector who even uses a moisture meter to evaluate water penetration behind the stucco. That is where these problems exist. And eventually deterioration of the stucco surfaces.

Contact us to assist you further.

Good Morning,

Rob Hughes: Long & Foster Real Estate Inc.
(Associate Broker) (AB065650)
(Hughes Associates) (Realtor since 1987)

Office: 610-225-7400 x7438

Cell# 484-410-9765 (Preferred)

WWW.DELVALREALESTATE.COM

WWW.ERICMAYMORTGAGE.COM

"Who's Number 1 Our Clients and Customers"
If you know anyone needing Real Estate or Mortgage Assistance please contact us?
... more
0 votes 2 answers Share Flag
Mon Oct 24, 2011
Robert D Hughes answered:
Posting in the West Chester student lounge is a good idea, however, a lot of these rentals are done on a yearly basis starting May or June. How much do you wish to spend? It is not uncommon for each roomate to pay $350 each. Depending on your needs Taryn, we have several investors who rent to students. Please let us know how to assist you further.

Good Evening,

Rob Hughes- Long and Foster Realtors
... more
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Thu Oct 13, 2011
Eddie Mathews answered:
I just graduated from WCU and am working in Real Estate now. I had the same question and problems. The companies who tailor to students like Off Campus and Zukin are usually over priced and booked way ahead of time. I would talk with a local agent (like myself) but also just keep your eyes open for "for rent" signs put up by landlords. You have time to find a place...if you don't have one by March then I would be concerned haha. I would be more than happy to look for places for you or even contact old landlords of mine. Please feel free to contact me any time with any questions...I am glad to help!

Eddie Mathews | REALTOR
(484) 459-8714
E.Mathews@weichert.com
http://www.facebook.com/pages/Eddie-Mathews-Realtor/180279675371552
... more
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Wed Sep 7, 2011
Hb answered:
Check out MLS # 5916446

One of the newest Units with Central Air in popular Indian King! Beautiful & Spacious townhouse located on a quiet cul-de-sac. 1st Floor Flooring redone in 2010! Features include two spacious bedrooms on the 2nd floor, each with its own private bath, walk-in closets, a private 3rd floor loft, living room with fireplace, dining area, eat-in kitchen, powder Room and 1st floor laundry. Kitchen opens to a large outside deck with plenty of room for relaxing and entertaining, large walk-out basement and two assigned parking spots for your unit.

Open September 11th from 1-3 pm
... more
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