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Listing Agreements

by The Pilgrim Team

If you are ready to think about listing your home for sale, you will be presented with different options for the type of listing agreements. It is important to know the specifics of each one so you can select the agreement that is best for your situation. Below are some options for you to consider when selling your home. Consult with your real estate professional with any questions you may have and what agreement is best for your situation.

 

Open Listing
This type of listing is mostly used by people trying to sell their home by owner who are also willing to work with real estate agents. Basically, it gives a real estate agent the right to bring buyers around to view your home and if they locate a seller, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to as many agents as they would like. The open listing creates competition between the seller and agent(s) to find an willing buyer.


Exclusive Agency Listing
An exclusive agency listing contracts one agent to sell the home. The owner still reserves the right to sell the property herself and not pay a commission. The broker is free to cooperate with another brokerage, meaning the second brokerage could bring an able buyer whose offer the owner accepts. Typically, the broker is paid a listing commission that is shared with the selling broker, so the owner pays both fees.


Exclusive Right-to-Sell Listing
An exclusive right-to-sell listing is the most common, typically most
real estate listings are this type. The listing agent has complete control of the transaction and so even if the seller, the listing agent or a cooperating selling agent finds an acceptable buyer, the listing agent will still earn the sales commission. However, when the listing expires the seller does have the option of finding another agent if they are not satisfied with their performance,

Multiple Listing
An important marketing tool for listing agents is the multiple listing service (MLS). This allows all the listing information as well as photos of the property to be shared on the computer others who are working with potential buyers. In addition,
these listings are also available online to potential home buyers who are doing their own research. A MLS number is assigned to each listing, it is a unique number given to Homes for sale in york pa listed in the Multiple Listing Service (MLS) used by Real Estate professionals.

It is important to understand that a real estate listing contract is a legally binding agreement that sets out the rights and duties of the seller and the agent. It is important to consider your options when making your decision. Keep in mind that all listing contracts have expiration dates and you can change your listing choice when the contract expires.

Strategic Foreclosures?

by The Pilgrim Team

Recently there has been some talk about "strategic foreclosures". Unfortunately there have been some individuals promoting to people who are in financial distress and don't know where to turn when they have fallen behind in their Home Financing payments. They have taken the stand that it is O.K. to just walk away and never look behind them for the consequences that come with such a move.

Just last week Good Morning America had a special about walking away form your commitment. The analogy they used was that if it is good enough for corporate America to do so, it is O.K. for the average homeowner too. It was totally irresponsible reporting and they should be taken to task to promote such a terrible injustice to the public. They did not mention what consequences there are to individuals who actually must work and maintain households, credit ratings and personal reputations if they allow a Foreclosure to happen. Obviously they did not realize or even care that with that type of reporting people could be jeopardizing their financial futures including holding on to the job they currently have or a job in the future. Corporations don't have to think about those things as it not part of the business world. So yes, corporations do that sometimes but with different consequences.

Please don't consider a Strategic Foreclosure as you might not be happy what you may end up with. Call me today for a confidential interview and we can set the record straight and get you on the right financial path.

Tips For A Successful Open House

by The Pilgrim Team

When it comes time to show your home to potential buyers, you only have one chance to make a first impression. Holding an open house will draw potential buyers and allow them to see all of what your home has to offer. You should of course take care of all major repairs before you have an open house, but below are some things you can do to help prepare and make the most of your showing. 

  • Be sure to leave the home during the showing.  Potential buyers tend to  feel uncomfortable with the sellers hanging around. You want buyers to get a feel for the home, not feel like they cannot look around.
  •  When you leave be sure to take your pets with you. Barking or agressive dogs even confined to a garage will make buyers feel restricted as to where they can look.
  • Depersonalize your home. It may feel strange but by removing your personal treasures and photos from the home can help with the sale. You want potential buyers to focus on the best features of your home and you want them to envision their family in the home.
  • Remove all vehicles from the driveway. Ask your neighbors to help out by not parking in front of your house.
  • Be sure that the home is spotless and free of unpleasant odors prior to the open house. You may want to bake a fresh batch of cookies an hour or two before the open house begins. Not only will the aroma mask any unpleasant smells, but it will create a warm and inviting ambiance.
  • Remove all private, and personal/fnancial documents from view. Be sure to also take all medications and valuables with you. While it is rare that you will have a problem it is better safe than sorry. You want to focus on selling your home not worring about a theft.
  • Create a bulletin board of seasonal house photographs so buyers can see what the home would look like at another time of the year. This is especially helpful to showcase gardens during the winter.
  • Set out all documents pertaining to the house: Inspection reports, appraisals, major repairs and warranties, blueprints for additions etc.

Mortgage Financing Programs

by The Pilgrim Team

I am going to cover different loan programs that are being offered as of now ove rthe next few days. With new RESPA rules loan programs have been changing along with how they are offered.

I first will discuss FHA loans as they are known as of today. This is becoming the most popular loan out there today in the York, PA area. The most important factor is the amount of money down that is required by HUD. As a buyer you will need to have at least 3.5% down of your own in the transaction. The Seller can contribute up to 6% of the sale price towards the Buyers closing costs as of today. That will be changing shortly to 3% in april. You can see why it is one of the most popular loans in the market. You can get into a $200,000 house for as little as $7,000! With the rates hovering around 5% +/- and the Tax Credit of between $6,500 for a current married homeowner or $8,000 for a first time homeowner (not owned a home in the last 3 years) you can practically get in for no money down. Keep in mind there is an up front Home Financing insurance premium that you can add either to the mortgage amount or pay it at time of settlement. There is also a monthly fee that is added to your mortgage payment.

For more information call us at Pilgrim Team. 717-757-5955

Should You Pay Off Your Mortgage?

by The Pilgrim Team

As a homeowner, once you have purchased the perfect home, you dream of the day you make the final Home Financing payment and truly own your home. Paying off your Home Financing if you are able to is a good idea for the obvious reasons, one being that you will save thousands of dollars in interest. If you obtained a 30 year loan you will most likely pay more than twice the purchase price of the home before you actually own it.

Of course paying off your Home Financing gives you the satisfaction of actually owning your home. In addition, the mortgage payment is typically the highest of a household's monthly expense, so not having to worry about that each month can bring peace of mind, especially in the case of a loss of a job or retirement. 

Some financial advisors do however advise that paying off your Home Financing is a bad financial move. Some arguments that the money should be invested as to gain a  higher return in the long run. While this advise might sound good in theory there is no guarantee that a higher return can be achieved. 

Paying off your Home Financing has many benefits, but the question many homeowners ask is "How?", especially in a difficult economy. Below are some strategies you can use to help you get to your payoff goal!

  • Keep an eye on interest rates and, if they fall, consider refinancing. If you can reduce your interest rate, shorten the term of your loan or both, refinancing can be an excellent strategy. 
  • Overpay a fixed amount every month. Even if you can afford to pay an 5-20% of your total payment, it can add up to be 1-2 extra payments a year.
  • Biweekly Home Financing payment plans. By paying half of your monthly mortgage payment every two weeks, you end up making the equivalent of an extra payment every year.  Instead of making 12 monthly payments, you’ll make 52/2 = 26 biweekly payments — the equivalent of 13 monthly payments. This will shave years off your mortgage. Moreover, if you’re paid on a biweekly basis, this approach might match your budgeting process better than monthly payments.

In a difficult economy paying your regular monthly obligations can be difficult, and it can be very challenging to try to make any additional payments. They key is to make an attempt, every little bit counts and gets you closer to your goal!

Thinking of Selling Your Home?

by The Pilgrim Team

Home Sellers

selling a home can be overwhelming but it should always be a smooth process. Clients who list their Homes for sale in york pa with Pilgrim Team receive truly personalized service with unmatched results. Jerry and his Team have extensive knowledge and experience in York real estate, and they can market your home to the right buyer. By constantly adapting to market trends and using first-rate marketing techniques, The Pilgrim Team can target specific buyers who would be interested in purchasing your home.

So Why List With The Pilgrim Team?

  • Unmatched Experience with Record Results
  • Exceptional Negotiation Skills to Maximize Price
  • Large Buyer Client Base including Business from Area Corporations
  • Unmatched Internet Exposure
  • Cutting-Edge Marketing Techniques and Strategies
  • First-Class Support Team – We Are Always There for You!
  • State of the Art Technology Integration
  • A True Passion for selling
  • Honest, Trustworthy and Sensitive
  • An Exceptional Closer who Keeps Your Sale Together and Gets It Done Quickly.

*Sellers Check Out our Guaranteed Sales Program*

 We understand that you may be in the information gathering stage and may not be ready to open up about who you are or your real estate needs at this time. If you are not comfortable providing all your contact information that is perfectly okay. Just enter your name, phone number, and email address so we can send you the material you requested.

We hate spam as much as you, so the only person who sees your info is your Realtor.

Uncork York 2010 Tour de Tanks Event

by The Pilgrim Team

2010 Tour de Tanks Event
Saturdays & Sundays in March

 

What: Tour de Tanks
You're invited into the cellars at 14 wineries for Pennsylvania's ultimate wine tasting experience. Celebrate the arrival of new vintages with special tank and barrel tastings to preview the season's upcoming wines before they are bottled.

 

Meet UnCork York winemakers and enjoy delicious treats along the way.

 

When: Saturdays & Sundays in March 2010
              11 a.m. to 5 p.m.
              
March 6, 7, 13, 14, 20, 21, 27, 28

 

Where: 14 Wineries Along The
            UnCork York Wine Trail*

    *Participating Wineries:
     
Adams County Winery
      Allegro Vineyards
      Cullari Vineyards
      Four Springs Winery
      Fox Ridge Vineyard & Winery
      Hauser Estate Winery
      Hummingbird Ridge Winery (NEW!)
      Moon Dancer Vineyard & Winery
      Naylor Wine Cellars
      Nissley Vineyards & Winery Estate
      Reid's Orchard & Winery
      Tamanend Winery (NEW!)
      West Hanover Winery
      Waltz Vineyards Estate Winery (NEW!)* 
            *Waltz is ONLY offering Tour de Tanks
              tastings SATURDAYS during the event.
     

Tickets: $20 Each*
Your ticket includes a souvenir UnCork York Wine Glass, which you'll receive at the first winery you visit. Your ticket is good for all four weekends at all 13 wineries.

Use your ticket at any participating winery during the event to get 10% off the sale of wine. Collect stamps along the way to become eligible for exciting UnCork York prizes.

Tickets are available online and at participating wineries and will be on sale through the end of the event.

Click Here To Buy Tickets Online

  • Tickets can be purchased online for $20 using a credit card.
  • Tickets may be purchased at the participating wineries for $20 using cash or check.
  • *Tickets can also be purchased at participating wineries via credit card, however, a $1 credit card processing fee will be applied per ticket.

Getaway Packages

Energy Efficient Appliance Rebate

by The Pilgrim Team

The government is helping homeowners this year who are wanting to buy new energy efficient appliances with a rebate. More than 70% of the energy used in our Homes for sale in york pa is for appliances, refrigeration, space heating, cooling, and water heating. Replacing old appliances and equipment with those that are ENERGY STAR® labeled can help American families save significantly on their utility bills. Each state and territory may select its own set of ENERGY STAR qualified products to rebate. The Energy Star Appliance Rebate program,is part of the American Recovery and Reinvestment Act. It is aimed to give rebates to consumers who replace certain home appliances with energy-efficient models. The new program is part of the Obama Administration’s commitment to make American Homes for sale in york pa more energy efficient, while helping to support the nation’s economic recovery.

Under this program, the U.S. Government has set aside $300 million and each state will have the authority to handle most of the details separately.  It provides rebates for qualifying energy-efficient appliances.select ENERGY STAR qualified appliances. These appliances may include:

  • central air conditioners
  • heat pumps (air source and geothermal)
  • boilers
  • furnaces (oil and gas)
  • room air conditioners
  • clothes washers
  • dishwashers
  • refrigerators/freezers
  • water heaters

Only purchases of qualified products made during the specific time period established by each state will be eligible for a rebate. The rebate program will continue as long as the states and territories have money to support it. While they have until February 2012 to spend the money, it is likely that the money will go quickly. States and territories must indicate how they intend to notify consumers when the funding for rebate program is exhausted. The U.S. Government has given each State the authority to develop their own government appliance rebate program using the government’s guidelines. Individual states can decide the amounts of the appliance rebates up to $200 (reported) per selected appliance that is Energy Star qualified. Each state develops it’s own rebate program and may choose which appliances to include as long as it is on the list of approved Energy Star appliances that the U.S. Government listed. States will receive formula-based funding in order to start or continue an already established ENERGY STAR appliance rebate program

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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