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Where is Real Estate Headed in 2012?

by The Pilgrim Team

Looks like things are starting to stabilize here in York County after nearly four years of depreciation in the housing market locally. Looks like on average a 12% drop in prices have hit is this year. The silver lining in this cloud isthat prices have come down enough the the locally employed population can now afford to buy a home, especially with interest rates as low as 4%. For years as people from Maryland migrated here along with the higher wages they earned in Maryland they continued to push up the prices of Homes for sale in york pa. That trend has all but come to a halt. Maryland buyers use to make up nearly 80% of purchasers back in the pre-bubble days. It appears they are now around 12%.

Now is the time as a buyer to have a broad choice of Homes for sale in york pa to choose from at very reasonable prices and low Home Financing payments. Lenders are loaning out money with as little as no money down with a USDA mortgage, or 3.5% total down paymentfor a FHA mortgage with help coming form the home seller in the form of a cash contribution. There are plenty of programs out there to choose from.

Call Pilgrim Team of Professional Realty Associates will we will help you to either buy or sell a home in a stress free way.

5101 Delta Rd, Delta, PA

by The Pilgrim Team

4 acres in the country! Located in Red Lion School District. 3 stall barn and over 2 acres fenced pasture. Bring your horses! Priced at only $225,000, this property has unlimited potential and is a perfect location for the Maryland commuter. Could go FHA 203K so you can bring this home back to like new condition.

 

 

2120 Phillip Court in Aslan Heights

by The Pilgrim Team

This home sold on November 10, 2010.  It sold for 284,900 but the seller did pay 14,245 towards the buyers closing costs making it a "net" sale of 270,655.  The home has 4 bedrooms, 2.5 bathrooms and is 2700 square feet. The lot is .28 of an acre.  Some of the many features of this home are 9 foot ceilings, stainless steel appliances, and wood floors.

618 S Maurice St. York PA 17404

by The Pilgrim Team

This home in Central York School District just sold.  Penn State Estates is the Neighborhood where it is located.  The home was originally listed at 215,000 on July 15, 2010.  The price was lowered to 209,000 on 8/13/10 and then again down to 204,000 on 9/2/10.  The home went under contract on 9/14/10 and settled on 12/14/10.  It was sold for 194,750.  The Cape Cod style home has 3 bedrooms and 2 full bathrooms and just under 1700 square feet. The lot is .28 of an acre.  Location is convenient with easy access to Route 30 and Interstate 83

Investment Property, York PA

by The Pilgrim Team

With college starting back up it could be time to consider buying an Real Estate Investment property for your child to live in rather than paying for a dorm room. With interest rates being so low it makes sense to invest in something that you can later sell or hold onto as a rental property rather than pay rent for a room.

York College, Penn State York, Gettysburg College, HACC, and York Technical Institute are some of the campuses nearby.

Pilgrim Team can help you find just the right property that could work for you. Contact us to discuss this opportunity further.

New Development in Dover Township

by The Pilgrim Team

The PilgrimTeam is offering new Construction Homes for sale in york pa in Dover Township, York County, PA.

Starting at 169,900! Fox Run Creek Estates offers a tranquil setting, outstanding mountain views, and nice level lots.  All Homes for sale in york pa are 4 bedrooms 2.5 baths with 2 car garages.  We have over 14 different floor plans and styles to fit almost anyone’s needs.

This is going to be a really nice Neighborhood close to schools, shopping, and major highways.

For more information contact The PilgrimTeam.

Interest Rates

by The Pilgrim Team

Interest rates are currently at historic lows!

With the low prices and low interest rates now, more than ever, is the time to buy.  Forget the first time buyer 8000 Tax Credit…current buyers can save way more than 8000 over the life of their loan at today’s interest rates…

The principal and interest on a 150,000 loan right now is in the area of only 700 per month!! When it comes to buying ~vs~ renting…it’s a no brainer!

We have a high inventory of Homes for sale in york pa to choose from and low rates, the timing couldn’t be better. Feel free to use our website www.PilgrimTeam.com to search for Homes for sale in york pa.

These low rates won’t last forever so don’t wait.

Slow Market? You Can Still Sell!

by The Pilgrim Team

Eventhough we are still in a sluggish economy and the market is slow, the good news is that home prices are low and interest rates are the lowest in many years. But, in spite of these benefits for homebuyers, many real esate markets are still slow in several parts of the country. With a surplus of home inventory and existing home sales that are in steep competition with new home foreclosures, many homesellers are needing to know how.

So how do you get your home off the market and into contract? Below are some helpful tips to getting your home sold quickly and the price you’re looking for:

 

  1. Pick the agent who is right for your market. Find an agent that has a good track record with sales in your market range and Neighborhood. Good sales stats in your price bracket demonstrate that the realtor knows what buyers are looking for and how to move property similar to yours. A great agent can help you move your home, even in a tough market.
  2. Know your market. Understanding the ‘comps’ in your area will help you reach a realistic asking price and get a better handle on the competition. Ask your realtor to provide this information and also take opportunities to visit open houses for Homes for sale in york pa that are comparable to yours. You can learn a lot about staging, pricing and what is appealing to buyers.
  3. Keep up with repairs and maintenance. Don’t hesitate to make necessary repairs and maintenance to your home when you are ready to sell. You don’t have to undergo major remodeling or expense. Simple updates like fixing broken steps, touch up painting and keeping your lawn mowed and flower beds cleaned out will really go a long way in making your home look move-in ready.
  4. Be flexible. From having your home ready to show at a moment’s notice to your willingness to negotiate, the key to selling your home in a slow market is flexibility and responsiveness. Going the extra mile for prospective buyers can really make a difference in getting more people through the door ready to make an offer.
  5. Add value. Remember that you are competing with short sales and foreclosures, so any extra value you can add to your home can make it more attractive. Whether it’s an appliance, patio furniture or a simple cost concession, small items can add up to big pluses when prospects are evaluating the total value of your home.

In a slow market, you need to get your home noticed quickly and be willing to negotiate so that prospective buyers see a great value in your property. Don’t stop looking for ways to make your home stand apart from the competition.

 /kh

New Townhomes in Dover PA

by The Pilgrim Team

We have brand new townhouses located in Dover PA in York County.

These are new Homes for sale in york pa with 3 bedrooms and 2.5 bathrooms and a 1 or 2 car garage.

There will be an open house on January 31st from 1-3PM

These new Construction Homes for sale in york pa are located in Ashcombe Farms on Shaffer Circle which is a convenient location to shopping, restaurants, and schools.

If you need directions please email mrudacille@pilgrimteam.com

Distressed Homeowners Beware Of Ad's

by The Pilgrim Team

Homeowners who are in financial distress here in York Pa and the rest of the country have been seeing a lot of advertising lately about buying Homes for sale in york pa for cash. Though these offers may seem legitimate and some may be, the vast majority of these companies are in my opinion scamming the distressed homeowner who is going through a financial crisis due to the downturn in the economy the last 3 years.

What homeowners must realize and question is how could a person offer to buy a home that the current homeowner is "under water" meaning the home is worth less than what they currently owe on it and then resell it and make money on it? As a homeowner if you have equity in the property why would you not want to put that in your pocket instead put it in someone else's, especially in this current economic climate?

What the intent is by these companies is to not only scam the homeowner but defraud the lender who has the Home Financing on the property. How do they do that? They offer the homeowner to buy the property and write an contract on the home for x amount of dollars. The company has no real intention to buy it. What they will do is "shortsale" the property at the lower price and then put it on the market for sale at a much higher price than the contract price looking for a buyer willing to pay what really is fair market value. Once they find a buyer who is willing to purchase the property at the higher price they arrange a settlement date that will coincide with the 1st and 2nd contracts  and settle on both concurrently. This settlement which we call a "double flip"  they transfer the property from the current owner then to the buyer the company has found and the difference between the 1st contract and the 2nd contract that was written is pocketed by the company. This is done with very little money ever transferred by the Real Estate Investment company.

You say what is wrong with that? The lender who holds the Home Financing was never aware of the 2nd contract and was lead to believe the companies 1st contract was fair market value, which in fact it was not. So in my opinion this is fraud committed on the lender and ultimately the american consumer and taxpayer who has paid billions with bailout money loaned to these institutions.

So if someone comes to you to buy your house for cash or you respond to one of those billboards you see out there, steer away from these companies. It will be only a matter of time to they get caught.

Displaying blog entries 1-10 of 12

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The Pilgrim Team
Professional Realty Associates
2002 S Queen St, Suite 3
York PA 17403
Office: 717-757-5955
717-755-2683
Fax: 717-757-2887