Real Estate Information

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.

If you are thinking about buying a home now in today's market in Useful Information about York PA and have not made a decision to get off the fence now is the time to jump! It may never get any better than it is right now with Home Financing interest rates at historic lows and along with house prices that have plummeted the waiting should be over for you. This is a personal decision for you so before you decide to move forward there are some questions you may need to ask yourself.

1. How much money do I need for a down-payment?

 It will depend on your income and debts and credit score. With a USDA backed loan the down-payment is $0. With FHA it is 3.5%, Conventional 5%. You can ask the seller of the home for closing costs assistance if you need the extra cash. That typically is about 5% of the loan amount. Keep in mind that there are income limits, Home Financing limits for each area depending on the type of financing.

It is wise for you to contact an experienced Realtor here at Pilgrim Team of Professional Realty Associates who can help you wade through the Tips process. We will also be able to suggest to you on Home Financing loan officers who have the ability and the experience to make it less stressful mortgage application process.

Check our blog soon for the second question you need to ask yourself.

Pilgrim Team of Professional Realty Associates and Lancaster Home Builders are proud to announce the opening of their newest community known as Ashcombe Farms South. Prices begin in the $170's. It is centrally located near shopping, parks, restuarants and schools. 17 floor plans are available and the builder will customize each plan to accomadate your individual needs. It is a small community consisting of 14 home sites with an average size of just under one-half acre. All utilities are underground as in the other Dover communities that we have built.

This is the fifth community The Pilgrim Team and Jerry Pilgrim has been involved in the area over the last 10 years. The other communities we have now completed were Cranbrook Acres, Ashcombe Farms, Ashcombe Farms West in Dover. Shiloh Farms is located in West Manchester Twp. We also have another community that has been quite successful in Dover Township called Fox Run Creek Estates where prices begin in the $160,s. Stop by our model Homes for sale in york pa located in Fox Run Creek Estates located off Cardinal Lane on Fountainhead Drive. We do have have a Sunday open house form 1-3pm. If you would like a private showing call or email us and we will be happy to accommodate you.

Nobody would go without health insurance, if they could avoid it, would they?

The cost of repairing our bodies is just too high to bear, without financial help. But what if health insurance was free? Wouldnt you sign up for it? Of course you would.Were like a lawn in need of an application of rain or fertilizer. We need more protein. To get the feeding you need, be sure you get enough meat, fish, cheese, beans, nuts and other protein-containing foods. If you cant get cottage cheese, wheat germ or peanut butter while youre on the run, then hit a drive-through and grab a milkshake.

Yes, its true that most of us get enough protein, but anyone over age 65, preteen girls and anyone facing surgery or other stress could use more protein, just to be safe. Thats just the insurance you need!

For all the right stuff in your diet, be sure to include protein. And in your next real estate transaction, be sure to include me!

Call Pilgrim Team at Professional Realty Associates for all Useful Information about York PA real estate needs whether buying or Listing York PA Homes!

In today’s market what you need to be the most concerned about is what level of marketing you can expect from a Realtor. Secondly the Realtor must have the ability to negotiate not just with the buyers on your property to get the highest price for you, but also there is a high incidence of properties not appraising for the sales price on the contracts. When that happens I then must negotiate with the appraiser to prove to them that the value they came up with is incorrect and that they must change the appraisal. I have made and saved my home sellers thousands of dollars due to my experience and knowledge of the market. Please don’t get caught up on a difference of 1% broker fee when actually a fulltime agent such as me can save you thousands of dollars particularly in today’s market. If you want a fulltime professionals real estate agent in York, PA call me Jerry Pilgrim of Pilgrim Team of Professional Realty Associates.

So you want to buy a house and have noticed that the best deals in Useful Information about York PA are typically short sales. Buy you've talked to people and they have told you not to buy one because they have heard stories about how someone they new wanted to buy a Short Sale and they waited for months and they never did buy it.

There are a few reasons for short sale not to be approved by the Lenders.

1. The Realtor who has the listing has NO knowledge of the process and shouldn't have taken it to begin with. Not only did the house did not sell to the buyer but they also may have jeopardized the homeowners chance to keep the house from Foreclosure.

2. The Realtor listed the house at a very low price to get an offer from a buyer, knowing full well the offer would most likely be countered back at a much higher price which the buyer will not accept or can't accept because they cannot be approved by their lender to get a Home Financing for the property at the higher price. Now the Realtor who listed the property thinks they have an approved price (but they really don't) and re-lists the house at that price and they change the price and now claims it is approved. Wrong! Once another offer comes in the offer must be approved again even if it is the "approved" asking price.

3. The Realtor does not know what the Lenders want during the negotiating process and cannot present a complete short sale package. What happens is the negotiator may totally reject the offer.

4. The Realtor may continue to take back up offers and forward them to the bank. Just in case the 1st offer falls through. This confuses the Lenders negotiator and they stop processing the offer.

5. The offer may contain many contingencies that the Lender does not want to see. There should not be any contingencies to make it a strong offer.

6. Believe it or not some real estate agents will take a listing as a short sale and not even know whether it can even be approved as a short sale based on necessary criteria. So what happens when an offer is submitted to the Lender and it will not even be considered because the seller has the ability to make the payments and nothing has changed that would keep that seller from not making that Home Financing payments. The Seller just wants to sell because the house has lost equity, this is not a reason for the short sale to be approved.

Bottom line make sure if you want to buy a short sale use an experienced agent who has successfully negotiated sold short sales and helped buyers buy short sales. Pilgrim Team is specially trained to help both Sellers and Buyers achieve their home goals. Call Jerry Pilgrim at Professional Realty Associates at 717-757-5955. You will be glad you did!

  Free Foreclosure Avoidance Guide

I wanted to provide information to you about some startling statistics regarding the latest distressed property trends.

In a recent study by Lender Processing Services (LPS), 6.38 million people were at least 30 days late on their Home Financing payments. If you or someone you care about is feeling the stress of an unaffordable mortgage, please take the time to review the free foreclosure avoidance guide I’ve place on my website: www.YorkShortSales.com

As a Certified Distressed Property Expert (CDPE), I can navigate a homeowner through a variety of options. I’ve listed some of the most common alternatives to foreclosures that homeowners can take advantage of to get back on the path to financial stability.

I would truly appreciate your taking the time to refer any homeowners you know that may need my assistance. I’m sure that they would appreciate it, too! The sooner they contact me, the more time we’ll have to develop a strategy to avoid foreclosure.

With gratitude,

Jerry Pilgrim

CDPE, CRS, E-pro, Broker/Owner

Break Free From Unaffordable Home Financing Payments!

A recent study in Nevada (a state that holds the nation’s highest Foreclosure rate), found that only 5% of distressed homeowners knew they had alternatives to foreclosure, and only 3% took advantage of them. It was also found the 1 in 4 homeowners chose to “strategically default,” or allow their Homes for sale in york pa to be foreclosed upon on purpose!

The Realtors Association of York and Adams County (RAYAC) and the local Multiple List Service report for York County that there are currently 3236 (Active) properties on the market as of May 24^th, 2011.  There are 371 Short Sales included in that total, and there have been 276 Bank Owned Properties that have closed or are pending settlement and 260 properties have sold since January 1^st. These numbers represent 536 total distressed properties or 27% of the properties sold.

Clearly, too few distressed homeowners know their options and the fallout of foreclosure. If they did, they’d soon realize that there’s nothing ‘strategic’ about foreclosure, and that avoiding foreclosure is always the best plan to create financial stability.

Millions of Americans feel alone and trapped by Home Financing payments they can no longer afford. In fact, 27% of Americans with Home Loans now owe more than what their home is worth. However, more and more of them are finding education on the responsible alternatives to foreclosure is helping them move toward financial stability.

Education is key. The more distressed homeowners know about solutions, the more likely they are to overcome their financial challenges. I’ve seen this firsthand.

I can help with the education part—it’s up to you to contact Jerry Pilgrim Broker/Owner of Pilgrim Team of Professional Realty Asscociates.

Buyer Beware!

If you are currently putting off buying a home here in Useful Information about York PA, you better thin again! This has been one of the best times ever to buy a home due to historically low interest rates, low home prices and a tremendous amount on Homes for sale in york pa to chose from. If you put off the buying decision until the prices have hit the bottom, you will have missed out because by the time you decide to jump into the market you will have missed the bottom and prices and interest rates could be much higher. With interest rates as low as they are and as volatile on a daily basis due to market conditions changing worldwide don't wait until it's to late.

You will need an experienced Real Estate Professional who can guide you through the decision making process based on our experience, knowledge and personal goals to make your Tips a dream a reality. Call or contact Pilgrim Team here at Professional Realty Associates so you will allow us to serve you in a way second to none in York!

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.