Pages Menu
TwitterRssFacebook

Most recent articles

Killed by an appraisal?

You as a consumer want to buy and house, but the property won’t appraise because the last house sold went for so little money.<br /><br />But, the conditions of the sale and the position of the Seller’s desperation and the condition of the property are not taken into consideration for your sale.<br /><br />The multiple listing services need to improve the details from the sale and the appraisers have to be better informed. <br /><br />There are ways to solve these issues in addition to the MLS changing their ways. Why not require interior pictures on MLS for each property. Have the listing agent (after the close) fill out...

Incentives offered to heat up condo sales

By Alan J. Heavens<br />INQUIRER REAL ESTATE WRITER<br /><br />The summer doldrums, a down real estate market. Even with 85 percent of his 167 units sold, Symphony House developer Carl Dranoff said he was looking for a surefire way to get million-dollar-condo buyers to look his way.<br /><br />How about a free Smart Car (retail value: $16,590) and a $75,000 parking space in the high-rise’s garage to go with the next three units sold?<br /><br />”It was a great marketing move,” said Dranoff, considering that gas prices are still high, there’s a yearlong waiting list for Smart Cars, and he’s also promoting his “green” development farther down the street,...

We’re #4, but #1 on the East Coast

In an article published by Forbes from realtor.com, PHILADELPHIA was ranked #4 of best cities to buy a home.<div><br /></div><div>Although topped nationally by Houston, Austin & St Louis, Philly is #1 on the east coast and beats out any west coast cities!</div><div><br /></div><div>If you are thinking about moving to the Northeast, please check out Philly. ¬†We’ll show you why you will love it too!</div><div><br /></div><div><br /></div> Share this:TwitterFacebookGoogleTumblrLinkedInEmailPrintPocketRedditPinterestLike this:Like...

On the House: Housing law offers little rescue

By Al Heavens<br />Inquirer Real Estate Columnist<br /><br />The much-touted housing-rescue bill has been passed and signed by President Bush, but don’t expect to see change soon.<br />The “bailout” is more symbolic than anything else, said Farah Jiminez, executive director of the community-development corporation Mount Airy USA, likening it to putting “lipstick on a pig.”<br /><br />Massachusetts Institute of Technology economist William Wheaton says that other than benefiting Fannie Mae and Freddie Mac, the “specific measures actually offer remarkably small incentives, with complicated features that most homeowners or potential homeowners will likely choose to forgo.”<br /><br />The lion’s share of the foreclosure-rescue funds will find their way West and...

New Broker Licensing Coming!

By Alan J. Heavens<br />Inquirer Real Estate Writer<br /><br />For Philadelphia Rep. W. Curtis Thomas, the problem of mortgage originators running around Pennsylvania uncontrolled hit a little too close to home.<br />His father, W. Curtis Sr., 87, needed a new heater for the Musgrave Street house he has owned for 47 years. A friend had a friend who worked for a mortgage broker and put them in touch.<br /><br />As a result, the elder Thomas ended up with a $40,000 mortgage that has been passed among four servicers – the current one in Florida.<br /><br />”If you try to get them on the phone, you can’t,” Thomas said at...

When is $7500 not $7500 and when is it a loan and not a grant

Yes, finally, the trick is being found out.<br /><br />Not a single buyer of mine called me and shrieked like Wil Smith came to their house about the $7500 tax credit.<br /><br />People are getting mad instead. They are realizing the credit is just an interest free loan and if the make more than 75k single/150k married man-woman couple, they get even less.<br /><br />We could all get into the whole single, married, unmarried or gay/lesbian couple stuff, but this is a real estate blog. But, why does your heart have anything to do with your money?<br /><br />People need the money for the down payment as an interest...

%d bloggers like this: