Real Estate Information Archive

Being a homeowner means that your home is yours – even the things that need fixing. Is a faucet leaking? Are floor boards squeaky? Is a light-switch not working? Those issues are all yours to tackle. But what projects can you do yourself and what ones require the help of a trained professional? Taking on projects yourself can save you time and money. But taking on the wrong projects can lead to unending amounts of stress or end up costing you more money than if you had hired someone in the first place. NAR’s consumer website, HouseLogic.com, lets you know which projects need a seasoned hand and a beginner can undertake.  

Take a look at how many families decided to become homeowners in our local market in August…

Chester County PA Real Estate Market Trends for August 2016

2,641 Chester County PA single family homes were for sale in August 2016 which is an 8.42% decrease from August 2015. 687 homes sold in August with a median sales price of $351,000, a 8.00% increase from August 2015.

The supply of inventory was 5.0 compared to 5.6 in August 2015 and the Sales vs List Price was 96.3%.

Curious about the value of your home? Get your home's value here!

You have finally found the home of your dreams and you are ready to pack all of your belongings up so that you can move into that home.  Moving doesn’t have to be a dread, rather if you hire the right moving company it can actually be somewhat fun.  Heed the following tips when hiring a moving company  and you are more likely to have a nice experience. 

1. Check the moving company’s reputation before you hire them to help you move from your old house into your new house.   You can do this by asking your friends and family and/or by checking with the Better Business Bureau.  If folks have had a bad experience with a moving company or any company for that matter they are going to be sure to spread the word. 
2. Make sure to get any estimates on moving your belongings in writing.  You don’t want to be scammed with the old bait and switch that so many moving companies are getting a bad rap about.  If you have an amount in writing you will be able to dispute if the company tries to change the price for no reason and hold your belongings until you pay the new price. 
3. Make sure that your belongings are covered in case they get harmed in transit.  It is worth it to get insurance  to cover your belongings if they mean anything to you at all.  Full value insurance is a good idea if you have a lot of valuables that you won’t be able to replace easily if they are damaged during the move.  It may cost a bit more than other insurance but it will be worth it in the long run.
4. If you want to make sure things are done right by the moving company you can always get in there and help out when they are packing your items up.  You can watch to make sure they do things right if you don’t want to help. 

Again, moving doesn’t have to be a huge hassle, it can be a good time and an exciting time in your life, especially if you are moving out of an old home into your dream home.  Don’t let hiring a less than stellar moving company be an issue for you.  Do your homework and hire a moving company that will do things right the first time. 

Courtesy of Chester County PA Realtor Scott Darling!

For millions of Americans, pets are a member of the family. They provide companionship and countless memories that last a lifetime. Having a pet-friendly home increases the likelihood that these memories will be positive.

These tips can make pet ownership simpler, and create a safer, healthier environment for your four-legged companion.

1. Pet-friendly flooring

Carpeted flooring can be a challenge for pet owners. Carpet traps unpleasant odors and is difficult to clean. Hardwood, bamboo, laminate and other alternatives - when properly maintained - offer a surface that's easier to clean, doesn't trap allergens and doesn't hide fur or other debris.

2. A space to call their own

Many pets seek shelter when startled by loud noises. Whether it's the clap of thunder or a boisterous guest, an unexpected noise can send your animal fleeing (or peeing). Having a dedicated space for your pet, be it a mudroom, door-less closet or comfy bed, provides a safe place for your animal during times of stress.

Also, pets need a little down time every once in a while. A cozy nook away from direct sunlight provides a perfect place for them to relax and recharge.

3. Picking the best paint

Even the cleanest of pets can leave marks on your walls. Choosing the right paint can make the difference between a permanent stain and one that's easily removed. Lower sheens can be difficult to clean, so opt for semi-gloss or satin.

Also, depending on your climate, you may prefer a light or dark paint color. Light colors can help keep your pet cool by reflecting the sun, while darker colors absorb the sun's heat and can warm the home environment.

4. Protect your curious pet

Pets are inherently curious. If it's within reach, chances are it will be investigated with a detective's attention. Even if the food is safe for pets, the packaging may be harmful. Medications, cleaners and cosmetics should also be kept on high shelves or behind a latched cabinet.

Most pet owners know to keep food and toxins off accessible surfaces, but it's easy to forget something on a bedside table or the edge of a counter.

Pets require time, attention and love. They will return the favor more naturally in an environment that's comfortable and safe. Consider these tips for creating a pet-friendly home. (BPT)

Courtesy of Chester County PA Realtor Scott Darling.

When buying a home there are several things you should avoid saying in front of the owners of the home and their Realtor.  Of course you want to be upfront and honest as possible with your Realtor when buying a home but you need to remember that some things are taboo and may  come back to haunt you if they are spoken before making an offer on a house, especially to the seller's agent.  Let’s take a look at what NOT to say when buying a new home.

• When thinking about making an offer on a new home, never ever say “this is my dream home and I can’t live without it”.  This statement makes the Realtor, the seller and all those involved in the sale of the home know that you are set on having that particular house and that you may be willing to pay whatever is asked without question.  Be careful with your words when you are in front of the sellers and their agent.    
• Be careful not to let it be known exactly how much money you have to spend on a new home when you are in the process of buying one.  This will safeguard you from letting too much information out and perhaps spending more than you might have.  The last thing you want to do is to end up in a house that is more than you can really afford on a monthly basis. 
• When walking through a home on a home tour be careful not to share your distaste for decorations or colors that are used in the home and especially don’t mention how you want to renovate or remodel the house because the sellers may decide against your offer simple because they do not want their home changed into something they don’t recognize.  Even though folks sell their home it doesn’t mean they will no longer have an attachment to that home. 
• It’s also a good idea not to ask the sellers of a home why they are selling.  It may be a very personal reason why they have decided to sell their home and they may not want to share that reason with you. 

These are just a few ideas of what not to say during the process of buying a house.  Hopefully, if you keep these ideas in mind you may be able to make a fair offer on a home and become the new owners of the home of your dreams. 

Courtesy of Chester County PA Realtor Scott Darling.

Congratulations! You’ve survived the process of leaving one home and finding another and the onus of packing everything up and then unpacking the same boxes.  You’ve found a new bank and a new doctor; you’ve investigated trash pick-up times, licensing requirements, and car registration; and your mail is being forwarded on a regular basis.  So far so good, but now that you’re somewhat settled in your home, it’s time to become familiar with your new environment.

The following tips are designed to help you become part of your new community and re-create the sense of belonging you had in your previous location.

• Go online to learn about the new area and what it has to offer. Look at the city or chamber of commerce website. Research religious facilities, cultural opportunities, parks and outdoor activities, and so much more!
• Acquire a regional map and drive around. Explore shortcuts and pinpoint the location of shopping malls, medical services, libraries, the post office, city offices, etc.
• Talk to neighbors. Ask advice about home maintenance companies, babysitters, doctors, or the civic league or homeowners’ organization association. .
• Take a walking tour of your neighborhood. Introduce yourself to and initiate conversations with neighbors who are outside. Compliment their yard or ask directions, for starters
• Attend garage/yard sales in the vicinity of your home. Shoppers at these events are generally friendly and gregarious, so talk to them/
• Read the local newspaper to discover places of interest and happenings in the area. Look for clubs or group meetings that focus on your interests--art, gardening, books, sports, crafts, e.g.
• Join a recreation center or gym. Attend classes there or work out with a group that you know will share your interests.
• Volunteer. Check with a church or synagogue, a hospital, library, or school near you. Volunteering is a terrific way to meet people and to make you feel an integral part of the community.
• Give a house warming party and invite all your neighbors. Such an occasion is a good reason to finish unpacking and decorating your new home and a wonderful way to make friends..

Before long you will become familiar with your new environment and be comfortable there. Best of all, you’ll “belong” once again!  

Courtesy of Chester County PA Realtor Scott Darling.

Homebuyers and sellers today can instantly check listings, monitor price fluctuations, research their credit scores and find lenders - all from their smartphones.

The advent of mortgage industry apps - which mingle aggregated data with complex algorithms in easily accessible formats - enables many shoppers and sellers to approach the process with more confidence.

While technology empowers consumers to shop and sell smarter, it can't replace the service and expertise of an experienced agent. Real estate agents know the local market and have access to the freshest sales data.

For sellers, real estate agents can price a house in line with the market to maximize earnings. According to recent data from the National Association of Realtors, sellers using an agent earn $40,100 more per transaction. The median sale price for the 88 percent of sellers who worked with an agent was $215,000, versus a median sale price of $174,900 for the 9 percent of sellers who didn't use an agent, according to the association.

Buying a home is not like purchasing a plane ticket according to Greg Jaeger, president at USAA Residential Real Estate Services and a former real estate agent. He said buyers and sellers often fail to account for the psychological side of a transaction.

"An agent can help prepare the seller for offers that are intentionally too low," Jaeger said. "You're asking $250,000 for your home; I offer $200,000 and you're immediately insulted. An agent can keep you calm and focused on the end game."

Agents also help buyers navigate the rollercoaster of emotions in getting credit approved or viewing a home inspection report for the first time.

Jaeger knows of this psychological value not only as a former agent, but also as a father of a first-time homebuyer. His 24-year-old son recently bought an older home that was initially chockfull of cheaply done rehabilitation projects.

"The seller was pretty irritable about some items and flat out embarrassed about others," Jaeger said. "My son's real estate agent really earned his commission in making sure the proper repairs were on track and protecting my son from the ire of the seller."

Homes, neighborhoods and their governing state laws are as diverse as the people living in them. Real estate agents are entrenched in those ever-changing state regulations, contracts, laws and practices.

"When making one of the biggest financial decisions of your life, it's important to have a trusted, experienced counselor by your side," Jaeger said. (BPT)

In a relationship, you count on your significant other to be there with you through the good and the bad. They are your best friend, your confident and your closest ally. And you count on being able to have important conversations with them as well.

One of those important conversations every couple should have focuses on money and each person's respective financial goals, especially if you are planning to purchase a home. However, 33 percent of married or partnered adults have difficulty discussing money with their significant other, according to a Wells Fargo survey. "I think money is one of those topics most couples put off discussing because it can be sensitive," says Arlene Maloney, senior vice president, Wells Fargo Home Mortgage. "However, if you don't discuss money before entering into a major credit purchase, like homeownership, you open yourself up for potential problems down the road."

Purchasing a home is one of the largest investments most people make in their lifetime. When two people decide to achieve the goal of homeownership together, it's important to understand not only your own finances and credit profile but your partner's finances and goals as well.

To help you broach this conversation with your partner, here are some things you should discuss before you move forward:

Where you will live and what you want to purchase.

Do you want to live in the city or the suburbs? Are you set on a single-family home or a condo? Do you want to build your home or purchase an established property? Having answers to these questions will help you speak to a lender and learn more about how the type of home you choose may affect loan approval requirements or what options exist if you want to build your home. You'll also learn if any bond or down payment assistance programs may be offered in the municipalities you are considering.

Your partner's credit score.

Lenders use customers' credit profiles to help determine your ability to repay a loan. When purchasing a home with someone else, both of your credit scores are considered. In most cases the lowest middle score between the two of you will be used. If you or your significant other has a very low score this may not only impact the loan amount you receive but also the interest rate. It may even prevent approval. If one of the credit scores is very low, as a couple you might discuss only one person applying for the mortgage loan.

Have an honest conversation about debt.

An important factor that lenders evaluate is your debt-to-income ratio. This varies by mortgage program but a good rule of thumb is to ensure your debt level is at or below 36 percent of your gross monthly income. Having an overabundance of debt could impact the amount of the loan or whether you receive mortgage approval.

How much money can you put toward the purchase?

It isn't necessary for you to put 20 percent down but most loan options require some sort of down payment. In many cases lower down payment options require mortgage insurance, which will increase your monthly payment.

Will one or both of you be on the note?

If purchasing a home with someone else, each of you must qualify in order to be on the note, and both of you are responsible for the debt. If only one person is on the note, the other may not engage in any transactions regarding the loan, including refinancing, or application for modification. If one of you has less desirable credit, you may decide that only one of you will apply for the mortgage. You should also consult your state's attorney general's office to see if any community property laws exist in your state. Such laws could make a spouse legally responsible for any debt acquired by the other spouse after marriage. If such a law exists in your state, it's important you are aware of it.

Purchasing your first home is an exciting time and, for many people, a sign of success. But while you may want to rush out and start the shopping process now, take your time. Having a conversation with your significant other about the topics above beforehand will ensure you're both on the same page and set you up to make the most of your future and the home it includes. (BPT)

Moving into a new home is exciting — for the humans in the family. It can be less comfortable for pets who need time to adjust to a new environment, learn their way around and discover the best nap spots in their new home. As a loving pet parent, you want every member of your family to be as happy and comfortable as possible. Here are some tips to make your home more welcoming to your four-legged family members: 

Convenient Dining 

Your furry friend will need his own space for meals — unless you don’t mind him begging at the table when you eat! Make sure he has a bowl that is appropriate for his size and always clean it between meals.  

Vets recommend feeding pets only once or twice a day, so you’ll want to stow away bowls when they’re not in use.

Hang-out Space 

Dogs and cats spend a lot of their day napping and relaxing, so be sure to provide a variety of spaces for your pet to just hang out — with you or on his own.

Sun rooms are also great for both pets and their humans to enjoy the feeling of al-fresco dining while remaining securely inside. Sun worshipping pets can also catch some rays while hanging out. 

Helpful Grooming Stations 

While many dogs enjoy a bath now and then, the process can be messy at home. Including a pet wash station with a hand-held hose in the mudroom ensures you’ll be able to clean up your dirty pup before he drags dirt through the house. Make sure you outfit your wash station with an ample supply of soft, absorbent towels, dog shampoo and all the grooming tools you’ll need to keep your pup looking great. 

Safe and Happy Outdoors 

Many pets enjoy a good romp outdoors, and you want your companion to be able to safely play in his outdoor environment. Start by adding a fence if you don’t already have one. Choose one with vertical slats or rails close enough together that a pet can’t slip through, and high enough that he or she can’t jump over it. Next, be sure your pet has plenty of shady spots where he can hide, nap or just chill. Consider adding an outdoor pet fountain so pets always have access to fresh water, and a pet door to allow your dog or cat to easily come and go from your backyard. 

Cosmetic Concerns 

Unless you have a rare hairless breed, you probably deal with pet hair daily. As you’re decorating your new home, remember choosing carpeting close in color to your pet’s coat will make shed hair less visible. You should also keep in mind the size of your dog as you’re choosing hard flooring. Sturdy laminates will hold up better if you have large dogs in the house, while smaller dogs and cats may have trouble getting traction on vinyl or hardwood floors. 

When you’re buying a home, it’s important that you consider every member of the family, and pets are a huge part of our families. (BPT)

Perhaps you have been searching for your dream home and you have already found the one you really want but before you get a chance to do anything about it you drive by and notice it is ‘under contract’ or ‘pending’.  If this happens to you, don’t give up on your dreams there are things that you can do to make things go in your favor.  Below are a few ideas for you to try if you find that your dream home is about to slip through your fingers.

• First of all if you find that the home you have your eye on is ‘under contract’ you need to know that you shouldn’t give up.  Under contract doesn’t mean that the sale has taken place it only means that an offer has been made but that it hasn’t closed yet.   There is still a good chance that the home may come back on the market again especially if the buyer cannot come up with the funds needed through financing.  Another reason a sale pending may fall through is if the inspection doesn’t work out.
• Talk to your Realtor and let she or he know that you are interested in the house that is under contract.  Many times seller’s agents will continue to show a home until the last minute.  They do so because they may be hoping for a better offer than they currently have.  They also do this so that if the funding falls through for the current bidder they will have someone else in line to make an offer quickly afterwards. 
• If you REALLY want this house and you don’t want it to slip through your fingers you can always make a higher bid than is currently in play.   If you can afford to do this, it can be an easy way to make things go in your favor. 
• Sending a handwritten note to the seller is a great way to let them know just how serious you are about purchasing their home.  Hand written letters are pretty much a thing of the past these days and a handwritten note may make all the difference in the seller’s decision. 

Some of these tips for snatching your dream home  out of ‘under contract’ or ‘pending’ status are pretty unconventional but if you really want the home to be your own you may be willing to do whatever it may take. In the end if you don’t end up getting the home, there is another one out there that is better for you and your family. 

Courtesy of Chester County PA Realtor Scott Darling.