Lovely,well cared for,dutch colonial on wide,tree lined street in Highland Park! Walk right into a bright & open center hall entry which separates the formal dining room and living room with fireplace. Sunroom,presently being used as a playroom,is great for entertaining or relaxing. Updated kitchen has ceramic tile countertops and floors,stainless steel sink,dish washer,garbage disposal & plenty of cabinet space. Conveniently located powder room on first floor. The second floor has an updated ceramic tile bath with newer vanity, three spacious bedrooms,& plenty of organized closet space. Refinished hardwood floors throughout. Most of the windows have also been replaced. The laundry facilities can be found in the unfinished basement. The yard is a wonderful place to have a barbecue or just sit out & read a book. Convenient to shopping,public transportation,schools,Center City & I-476. Absolute Move-In Condition! Cheerful,Charming,Clean,& Comfortable Living! Come see for yourself!
Property Type(s):
Residential, Residential / Single Family Home
Come see this tastefully updated Drexel Park Garden home conveniently located on quiet cul-de-sac. Enter into the large living room and you will find refinished hardwood floors that carry through to the formal dining room. To the immediate right of the dining room you will find the newer kitchen w/ breakfast bar,newer stove & garbage disposal. Off the rear of the dining room a set of sliders leads out to the gorgeous custom deck(2006). In the lower level you will find a finished basement w/ recessed lighting w/ dimmers,powder room w/ pedestal sink,custom wet bar,surround sound,laundry area & additional room for a home gym or office. The Second floor features 3 generous sized bedrooms w/ refinished hard wood floors and a full bath w/ skylight. Other features include:new heater(2005),new C/A(2006),vinyl replacement windows throughout,new front storm and exterior door,new electrical panel,new hot water heater(2005) and more. Convenient to public trans,schools & major routes. Come see your new home today!
Property Type(s):
Residential, Residential / Row, Townhouse, or Condo
We're sorry, but we couldn't find MLS # 6019942 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
We're sorry, but we couldn't find MLS # 6011754 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
1275 Sharon Drive, Garnet Valley, PA 19060 in Delaware County has recently been sold by Kevin Toll of Long and Foster Real Estate, Inc. Devon, PA. The single family home featured 4 bedrooms, 2 and 1/2 bathrooms. The home is part of the Garnet Valley School District in the Central League for Athletics.
If you are interested in purchasing a home, do you know what your credit score is? Or how a poor credit score could effect your ability to buy a home? Have you ever been interested in understanding how far a credit score can drop with late payments, foreclosure, short sale activity or bankruptcy?
This should give you an idea:
30 days late: 40 – 110 points
90 days late: 70 – 135 points
Foreclosure, short sale or deed-in-lieu: 85 – 160 points
Bankruptcy: 130 – 240 points
To come to these figures, Fair Isaac created two hypothetical consumers, one who starts out with a fair-to-middling score of 680 and the other with a very good one of 780. (FICO scores range from 300 to 850.)
The hypothetical person with the 780 FICO has 10 credit accounts versus six for the 680, plus a longer credit history, lower utilization of total credit limit and no missed payments on any account. The other consumer has two slightly damaged accounts. Neither have any accounts in collection or adverse public records.
Borrower #1 Borrower#2
680 780 Initial Score
620-640 670-690 30 Day Delinquency
595-610 645-665 90 Day Delinquency
575-595 620-640 Foreclosure Short-Sale
530-550 540-560 Bankruptcy
Source: Fair Isaac Corp.
If you are interested in purchasing a home, make sure you know your credit score and do your homework to increase your credit score if necessary.
The market is actually improving and has done better in November and December than the previous year. January is off to a better start than last year. Inventories are the lowest they’ve been in almost 5 ½ years. Bank owned properties still make up about 1% of the market and short sales are about 5%, but these homes make up a significantly larger share of the sales. The biggest thing holding back the market is not jobs but the inability of 1,000’s of potential buyers selling their existing homes without having to write a $20,000 to $100,000 check at closing because they owe more than their home is worth, its called “house lock”. Also 1st time homebuyers are not as prevalent because they can’t find good paying jobs. This is a problem that is virtually unresolvable.
Here’s what’s happening.
1) If your house is being chased by the market then it won’t sell. The dilemma is as the Spring Market comes upon us it is better to wait. Inventories are low now and in a month or two they will rise 10%. So it’s better to position your house and have it be chased now or wait.
2) Housing affordability is at 190.8, in 2007 it was 115.4. That’s not the problem.
3) Mortgage rates are at 3.75%. In 2005 they were mid 6.25%. That’s not the problem.
4) 1 out of 3 sales is to an investor.
5) Inventories are down 5.5% from last January.
6) Thirty-nine percent of people say they will work past 70 or simply never retire, according to the annual survey from the Transamerica Center for Retirement Studies, a nonprofit private foundation. Fifty-four percent of those surveyed said they plan to retire between age 60 and 69 and 6% said they will retire between age 50-59.
7) 1000’s of building lots on the market equaling a 64 month supply.
8) The median building lot sold for $99,000 in January.
9) Getting a house under contract is actually the easy party. Getting the house to settlement is the hardest its ever been in my 32 years in the business. The appraisal, mortgage company, home inspection, title issues and demanding buyers make who you choose as your agent more important than ever.
10) The surprisingly long time period required to bring the housing market back into balance also carries significant implications for the overall economy and should serve as the rallying call to policy makers to develop policies to help accelerate the recovery process. Some of the more important implication s for the drawn out recovery process are that resources are likely to continue to flow out of the homebuilding sector and that more households are likely to remain renters for longer periods of time than what we have seen in recent years. The apartment market is already benefitting from this trend, and homebuilders and firms that produce and sell household items, such as building products, household furnishings and furniture are suffering. Many of these businesses’ will need to reposition their business models to serve and benefit from a larger pool of renters and a smaller pool of homeowners.
Policymakers will need to take a hard look at ways to clarify and speed up the drawdown of vacant homes on the market and those homes that are hanging over them market. There has been talk of selling large blocks of foreclosed homes held by Fannie Mae and Freddie Mac to investors under the stipulation that these homes would then be placed for rent. Such moves would have a positive effect on appraisals and mortgage underwriting, as they would remove some questions as to how much vacant and for-sale inventory is currently hanging over the market. Other policies aimed at addressing some of the issues surrounding the large number of homeowners with negative equity could also provide a lift to housing turnover and help speed up the recovery process.
11) In the fourth quarter 2011, the national homeownership rate declined from the previous quarter to 66.0 percent. The national homeownership rate fell back to near multi-year lows to end the year after rebounding slightly from its lowest levels since the first quarter of 1998 in the third quarter. The national homeownership rate has declined in four out of the past five quarters. The homeownership rate is lower compared to this time last year when it stood at 66.5%.
12) Posted by Philadelphia Fed President and CEO Charles Plosser: “On the housing front, I expect to see stabilization but not much improvement in 2012. We entered the Great Recession over-invested in residential real estate, and we are not likely to see a housing recovery until the surplus inventory of foreclose and distressed properties declines.
“Even as the economy rebalances, we should not seek, nor should we expect housing and related sectors to return to those pre-recession highs. Those highs were unsustainable, and the housing crash that ensued destroyed a great deal of wealth for consumers and the economy as a whole.
“The losses are real and the consequences severe for many individuals and many businesses. Moreover monetary policy cannot paper over these losses, nor should it try to do so. Households and businesses nevertheless continue to make progress on restoring the health of their balance sheets by paying down debt and increasing savings. Most economists, including me, believe that this process will continue into 2012.”
The good news is, as least for Pennsylvania and Delaware, is that the unemployment rate remains below the national average, Pennsylvania’s rate is 7.6 percent; Delaware’s is 7.4 percent, Plosser said
13)
While pending/under contract sales are improving these “house lock” situations may take years to correct. Inventories are down from one year ago but there are still many sellers who wait to buy but can’t because their home is worth less than the mortgage. However, houses are selling if put in a position for the buyers to chase the house. Proper pricing, marketing and negotiating are extremely important to get the sale. Experience and knowledge are needed to get the sale to the settlement. The most important thing is what happens after the agreement is signed and getting the house to settlement.
While there are 1,000’s of sales in our market each month 100’s of those sales never get to the settlement table. From now until Memorial Day we will see more sales than we’ve seen in a few years, and if you are able to sell your house and you have stable employment it’s an excellent time to purchase. Housing will improve when more sellers can get out of “house lock”, but it will take time.
Well maintained brick twin in a quiet cul-de-sac in Collingdale Boro. Conveniently located close to shopping, public transportation & major routes. Walking distance to swim club & park. Walk in to the straight-thru first floor with spacious living room, formal dining room & eat-in kitchen. Also powder room & mud room with rear exit to large deck off of the kitchen. Deck overlooks nice-sized, flat, very private backyard with views of large wooded area, shed in backyard included. Upstairs there are presently 3 large bedrooms & a full bath, plenty of closets, the master can be easily returned to two bedrooms or left in present condition as a single large bedroom. Finished walkout basement with large family room, bar & wood burning fireplace. Basement also includes storage/work area & laundry room with laundry tub. New roof installed in 2005. Home warranty included. Property being sold As-Is;but home has been meticulously maintained and move-in ready!Come see for yourself today!
Property Type(s):
Residential, Residential / Twin or Attached Home
We're sorry, but we couldn't find MLS # 6011754 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Long and Foster participates, and is provided by TREND through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
Information Deemed Reliable But Not Guaranteed
Data from the Zillow, Google Map, and Walk Score modules, is not provided by TREND, and should be considered informative, but not accurate.
