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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

Locating The Right Neighborhood

by The Pilgrim Team

When searching for your new home , the Neighborhood that it is in is just as important as all the other requirements that you are looking for in a home. There are some things to look for and add to your list that can help you locate the perfect neighborhood for your needs and family.

Even before you begin your York MLS Listings, you should compile a list of what you are ideally looking for in a Neighborhood. . Perhaps you are looking for a neighborhood that has young families with children or a neighborhood that has local shops and restaurants near by. Keep in mind that you'll probably have to make compromises, so put the "must-haves" at the top and the "would- like-to-haves" at the bottom. Here are some things to consider:

  • If you have children or are you planning to have children, considering a Neighborhood that has a good school system will be something to consider. Also parks and recreation is important items to consider when researching neighborhoods.
  • If you need to commute to work, you may want to search for a Neighborhood that has access to public transportation.
  • Are you looking for a particular vibe or amenity in an area? 
  • What type of building do you like?  Single family home, high rise condominium, villa?
  • Are you looking for a Neighborhood that has shops and restaurants within walking distance?

In addition to thinking about what you do what, you should also be certain of what you do not want as well.  For example, if you are looking for a more family orientated area you will probably want to pass on neighborhoods that are close to nightlife or noisy areas. Or if you are wanting to avoid Construction you will probably want to pass on historical neighborhoods that are rebuilding or new construction areas.

Foreclosure Market Trends

by The Pilgrim Team

Phone: 717-757-5955x101

| Email: jpilgrim@pilgrimteam.com

Jerry Pilgrim

Professional Realty Associates

3921 E Market St

York, PA 17402

I am a Certified Distressed Property Expert and I pride myself as the local expert on buying or selling distressed Homes for sale in york pa in York County. Contact me for a confidential meeting to assist you.

January 2010

Vol. 4, Issue 3

6 month National Foreclosure Trends

NOD NTS NFS LIS REO

REALTYTRAC® YEAR-END REPORT SHOWS RECORD 2.8 MILLION

U.S. PROPERTIES WITH FORECLOSURE FILINGS IN 2009

A total of 2,824,674 U.S. properties in received a foreclosure filing in 2009, a 21 percent increase in total properties from 2008 and a 120 percent increase in total properties from 2007, according to the RealtyTrac Year- End 2009 U.S. Foreclosure Market Report. The report also shows that 2.21 percent of all U.S. housing units (one in 45) received at least one foreclosure filing during the year, up from 1.84 percent in 2008, 1.03 percent in 2007 and0.58 percent in 2006. Foreclosure filings were reported on 349,519 U.S. properties in December and foreclosureactivity in the fourth quarter decreased 7 percent from the third quarter.

The latest idea bubbling up in the world of real estate is the use of principal reductions to stem the foreclosure tide, the theory being that if we lower Home Financing balances then homeowners will have smaller monthly payments and fewer foreclosures. Truth is, the only reason lenders will reduce principal balances is when it's to their advantage. Reducing principal balances will instantly produce big and hideous losses, something Lenders don't want but something lenders will accept if the probability of even bigger and more hideous losses from short sales and foreclosures can be avoided.

Will Principal Cuts Reduce Foreclosures?

Here are some of the most recent Real Estate Investment opportunities in the area.

Property Type Address Market Value Default Sq. Ft.

Bank-Owned

Airville, PA 17302

 

 

Delta Rd,$15,000 N/A 1,381

Auction Date: 2/8/10

 

 

 

Auction Dillsburg, PA 17019 Old Mill Rd,$78,140 N/A 2,127 Pine St Dillsburg PA, 17019 Market Value $126,040 Beds/Bath 3/1

Default Amount

 

 

$N/A

Sq. FT

 

 

1,632

Pre-Foreclosure

FORECLOSURE TRENDS :

 

 

NOVEMBER 2009 

NODs 88,790 0 0  NTSs160,660 0 0  FSs65,922 3,202 94

LISs

 

 

132,813 3,640 244

REOs

 

 

152,008 2,724 112

Faster Sales Coming For Foreclosure Buyers

Foreclosure buyers got a Christmas Eve goodie from Fannie Mae, a new strategy that's likely to make foreclosure purchasing very much quicker. The catch? A bunch of lenders are about to be very unhappy. With the growing number of distressed properties there's now a substantial “foreclosure discount” in most markets. What were once tolerable and controlled losses are today steep and sharp declines that leave lender red ink everywhere. The question for loan owners is this: Is there anyway to make such lender losses smaller? The answer, as we shall see, turns out to be good news for foreclosure buyers.

For More information on available foreclosures or short sales go to: www.StopyorkForeclosures.com

The Escrow (Closing)Process

by The Pilgrim Team

Once the buyer and seller have agreed on price and terms for the sale of a piece of real estate, the escrow process begins. This can be a confusing process, especially for Homebuyers Tax Credit. Below are some key points that can help answer some questions about the escrow process.

What exactly is an escrow ?

An escrow is an arrangement in which a disinterested third party, called a escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. In Useful Information about York PA the Listing Broker typically is the holder of the escrow funds that will be distributed at settlement.

How does the escrow (Title) process work?

The escrow is a depository for all monies, instructions and documents necessary for the purchase of the home, including funds for the down payment, lender’s funds and documents for the new loan. The duties of an Title Company include: following the instructions given by the principals and parties to the transaction in a timely manner; handling the funds and/or documents in accordance with instructions; paying all bills as authorized; closing the escrow only when all terms and conditions have been met; and, distributing the funds in accordance with instructions.

What documentation is required?

Receipt of your deposit is generally included in your copy of your purchase contract. Your funds will then be deposited in your separate escrow or trust account and processed through your local bank.

What information will I have to provide?

Typically you will be asked to complete a statement of identity as part of the necessary paperwork. Because many people have the same name, the statement of identity is to identify the specific person in the transaction through such information as date of birth, social security number, etc.

How long is the escrow (closing) process?

The entire escrow process can vary and is typically determined by the terms of the purchase agreement. It can range from a few days to several months. Typically an escrow often takes an average time of 30 to 45 days. The escrow process ends when you actually close on the home, during the closing procedure. This is when all funds are transferred accordingly, when all documents are signed, and when you get the keys to your new home.

For more information contact Pilgrim Team at Professional Realty Associates or go to www.PilgrimTeam.com

 

New Community Coming Spring 2010

by The Pilgrim Team

Pilgrim Team at Professional Realty Associates would like to announce a new community located in Dover, PA. Ashcombe Farms South is the newest community now being offered by Lancaster Home Builders. This community will be the final and maybe considered the best of all the Homes for sale in york pa built and marketed by Jerry Pilgrim and his team of his professionals in the Dover area over the last 12 years.

Situated next to Ashcombe Farms West the lots will average .50 acre and offer an idyllic setting near shopping, schools, parks and health care services of Wellspan. Floor Plans offerd will include ranchers, two story colonials and cape cod styles. Some Homes for sale in york pa will also include first floor master bedrooms and laundry area's, even the two stories. Fifteen different plans are available and each can be semi-customized to accommodate your own needs. Prices will begin in the upper 100's.

Contact us at your convenience

Brookside Heights

by The Pilgrim Team

New home listing in Brookside Heighs located in Dover PA York County

We have a new Construction home being built on almost a one half acre lot.

It is 4 bedrooms 2.5 baths with a 2 car garage for only 184,000!

There is still time to pick colors, cabinets, flooring, etc...

Call 717-757-5955 or email mrudacille@pilgrimteam.com for details.

York County PA Housing Statistics 2009

by The Pilgrim Team

RAYAC Housing Snapshot

A year-end review of the residential real estate market in

York & Adams Counties

December 2009

2009 Housing Statistics

The REALTORS Association of York & Adams Counties (RAYAC) reports that a total

of 647 Homes for sale in york pa were sold in Adams County in 2009, a decrease of 7%. In York County

4,046 Homes for sale in york pa were sold in 2009, a 4% increase from 2008. The median sales price in

Adams County was $185,000, a 7% decrease from last year. In York County the

median sale price was $159,900 reflecting a drop of only 3%. “Starting in June, each

month we have continued to see positive increases in the number of Homes for sale in york pa sold in both York & Adams Counties,” stated Kraig

Hursh, 2010 RAYAC President.

RAYAC MLS Statistics by School District

2008-2009 (January1-December 31) Comparison

School District 2009

Median Sale Price 2008 Median Sale Price % Change 2009 Number Sold 2008 Number Sold  % Change

Adams County

Bermudian Springs $169,450 $199,900 -15% 86 85 1%

Conewago Valley $169,700 $184,200 -8% 172 188 -9%

Fairfield $213,450 $235,000 -9% 60 65 -8%

Gettysburg $220,000 $214,950 2% 163 152 7%

Littlestown $182,000 $188,000 -3% 116 131 -11%

Upper Adams $178,325 $175,500 2% 50 71 -30%

Total Adams County

$185,000 $198,451 -7% 647 692 -7%

York County

Central $163,000 $185,000 -12% 439 401 9%

Dallastown $172,900 $190,000 -9% 456 403 13%

Dover $147,900 $164,000 -10% 242 265 -9%

Eastern $140,700 $148,750 -5% 142 130 9%

Hanover $147,000 $148,000 -1% 130 153 -15%

Northeastern $158,000 $169,900 -7% 285 255 12%

Northern $205,000 $188,000 9% 99 84 18%

Red Lion $164,900 $170,000 -3% 352 303 16%

South Eastern $210,000 $213,750 -2% 43 136 -68%

South Western $180,000 $195,000 -8% 238 246 -3%

Southern $214,500 $229,000 -6% 176 128 38%

Spring Grove $176,000 $174,950 1% 241 212 14%

West Shore $178,500 $168,900 6% 144 157 -8%

West York $144,400 $147,000 -2% 273 271 1%

York City $68,700 $68,000 1% 384 467 -18%

York Suburban $156,505 $160,000 -2% 302 275 10%

Total York County

$159,900 $164,900 -3% 4046 3886 4%

Stone Mill Estates Manheim Twp

by The Pilgrim Team

Come visit Stone Mill Estates in Manheim Twp Lancaster County PA. Located in a very desirable location in Manheim Twp School District with new home prices starting at $249,900! 15 different floor plans to choose from and some customizing is available upon request.

The new Manheim Twp park is adjoing the community. Only a total of 46 homesites are to be built. There are proctective covenants and restrictions. There is NOT a Homeowners Association so there is not a fee.

The response has been overwhelming so don't delay visiting us or contacting Pilgrim Team at Professional Realty Associates.

Searching for York PA Foreclosures?

by The Pilgrim Team

If you are searching for Bank Owner Property (REO'S) we offer a free list of foreclosures and also pre-foreclosures of real estate in York County PA. Go to our web site or our link at www.yorkpabankowned.com for your list. We have agents who are experienced with this type of property and who are trained in dealing with lenders so we may be able to get you the best deal possible. Contact Pilgrim Team at Professional Realty Associates.

$8,000 and the $6500 Tax Credit Due to Expire April 30th

by The Pilgrim Team

Home Buyers in Useful Information about York PA and surrounding area's don't forget to take advantage on the tax credits that are available to you. I know it is cold outside and seems like spring is a long time off but before you know it spring will be here. If you are going to be buying a home this year and it is your first home that you have owner in over 5 years you will eligible for up to $8,000. If you have owned a home in 5 of the last 7 years you may be eligible to get $6500. You must have a contract ratified by April 30th and settle on the home prior to June 30, 2010. Hurry before you lose out on it. Contact us here at Pilgrim Team at Professional Realty Associates for more information.

Displaying blog entries 1-10 of 11

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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