JUST LISTED! Hilltown (Telford, PA)

101 Rosewood Drive

Beautiful corner lot single in Bridle Run! 101 Rosewood Drive in Telford, PA sits on 1.17 acres of land and has a gorgeous fenced in yard with inground pool and storage shed.

Virtual Tour – Click Here!

This home offers you 4 large bedrooms with plenty of closet space! Master bedroom features 2 walk in closets (his and hers), full master bath with 2 pedestal sinks and walk in ceramic tiled shower. Full hall bath has shower-tub combo and double sink lighted vanity. On the main level you’ll find a foyer entrance with hardwood floors, powder room, formal sunlit living room, formal dining room and a huge eat in kitchen with adjacent family room. Kitchen features white cabinetry with corner lazy Susan, pantry closet and sliding glass doors to your amazing yard and patio. There is also a large, unfinished basement with egress to exterior via Bilco doors. Trane heater/HVAC/CA, tankless hot water, 200 AMP electric and ceiling fans in almost every room! Completing this home is a 2 car attached garage. Home is close to shopping and entertainment! Must see!   Property Details Click Here!

Make your appointment today – Click Here!


 

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It’s HOT in and around Philadelphia!

Philadelphia and Suburban Real Estate Deals

The heat is on in Philadelphia and its neighboring Suburbs! Take advantage of these Summer Sizzlers! Check out some fantastic real estate deals in the area! Don’t see what you’re looking for below? Would you like a daily email with the hottest listings in the 5 county area? Shoot me an email, I’d be happy to provide you with local properties as they come on the market or are freshly reduced!

Summer Sizzlers Now On Sale:

Tacony Homes for Sale Philadelphia Real EstateTacony 5 bedroom 1.5 bath Victorian Twin! Corner Property restored by Interior Designer. This is a Showcase Home and can be seen by appointment by contacting me to get the ball rolling! Let’s Go! Original List 175,000 Now Only 160,000
<~~Property Website – Click the Pic!

 

 

Sandyford Park Twin 19152 Philadelphia Real EstateSandyford Park 3 bedroom 1 bath Twin with amazing Deck featuring Sunken Hot Tub. Enjoy the summer nights under the stars! Updated Kitchen and Bath, Finished Basement with Fireplace, just dreamy! Come see for yourself! Original List 190,000 Now Only 178,500
<~~Property Website – Click the Pic!

 

 

Get the details on 118 Linton St in Olney, Philadelphia PAOlney Beauty! Thousands in recent renovations have gone into this move in ready 3 bedroom home. Open front porch and private parking in the back. Not sure what you’re waiting for, but contact me today to set up your private tour! Original List 110,000 Now Only 95,000
<~~Property WebsiteClick the Pic!

 

Not the deal you had in mind? Then check out these other amazing properties or start your search by clicking here!

Fresh Addresses:

Tacony Real Estate for Sale Newly listed Tacony 2 bedroom 1.5 bath brick Twin with 2 car detached garage. Original hardwood floors with deeper stained inlays under carpets throughout this well cared for home. Custom woodwork can be found throughout. Main floor powder and laundry room. A little bit of updating is needed but it will be a real gem! Don’t wait, it might be too late! Priced right at 92,500!
<~~Property WebsiteClick the Pic!

Castor Gardens Row for sale
Castor Gardens  3 bedroom rehabbed row …
Oooooops! Sorry! Sold in less than 3 weeks!
Poof! Gone! But I have more!

Search the Hottest Addresses NOW!

 

 

Short Sale Deals:

IInvestment Opportunity in Upper Darbynvestment Opportunity in Upper Darby! Single home conversion, Unit 1 – 2 bedrooms, Unit 2 – 3 Bedrooms! Potential is there to make a Studio Apartment on the 3rd floor! Super Duper Investment Op! MAJORLY Reduced to 130,000!
<~~Property WebsiteClick the Pic!

 

 

Levittown Homes for Sale, Short SaleLevittown, PA Large 3 Bedroom Red Cedar Hill Single. Completely rebuilt in 2000, so all the goodies are only 12 years old or less! Galley kitchen with huge Breakfast Room! Living Room, Family Room, Formal Dining Room, Master Suite. Needs some cosmetic TLC but well worth a look! Now Only 160,000
<~~Property WebsiteClick the Pic!

 

Victory Building at 10th and ChestnutLike the City? How about 10th and Chestnut?
The amazingly beautiful Victory Building!
Well, someone else liked it too and now there is an offer in negotiations with the banks!
But I have MORE!

Want a FREE Short Sale, Foreclosure or REO list? Contact me today, let’s chat!

COMING SOON! Cornwells Heights, Bensalem Single on Corner Lot .. Stay Tuned!

WOW! 19154 … UNDER 100K! Meadowbrook Townhome For Sale

Meadowbrook Philadelphia PA 19154 Home for SaleThis is a Bank Approved Short Sale!! On top of this ultra LOW PRICE, the bank is offering to pay full 6% Seller Assistance towards the buyer’s closing costs! Please Call for Details! 215.510.2149!!  2 Story 2BR, 1.5 Bath Townhome in sought after Meadowbook Private Community. Features laminate flooring in L/R-D/R areas with Gas Fireplace and Ceiling Fans. Kitchen w/gas cooking, D/W and nice size dining area, main floor powder room. 2 Good Sized Bedrooms w/Ceiling Fans, Master has walk in lighted closet. Full Bath on 2nd floor along with 2nd floor laundry (washer/dryer included, as is). Fenced, private patio. 1 deeded parking spot + plenty of street parking. Needs a little bit of TLC and has endless potential to be a great value buy! Property is a short sale and is being sold as is. FHA/VA approved condominium but owner cannot do any repairs required by buyers lender. Home inspections welcome but being sold as is, reflected in price. Buyer responsible for U&O and Cert of Resale/Condo Docs. One time capital contribution paid by buyer due at closing of 500.00. Seller requests buyer uses sellers title company to expedite the short sale process. Assn Inc: ComAreaMaint, ExtBldgMaint, LawnMaint, SnowRemoval, TrashRemoval, WaterFee, SewerFee, ParkFee, InsuranceFee, AllGroundFee, ManagemtFee .   PROPERTY DETAILS

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726   Cell: 215.510.2149
Main Office: 215.335.6900 x1726
www.KimSchreiner.com        www.PaRealtyWeb.com

Philadelphia Real Estate: Price Reduced! Washington Square West Condo 19107

Victory Building, 10th and Chestnut StsWashington Square West, Philadelphia Real Estate 19107  –  Announcing a price reduction on 405W- 1001-1013 Chestnut St, a 911 sq. ft., 1 bath, 1 bdrm Condominium. Now Only $199,900– Reduced … Great Buy in19107.

Property information

Located in the completely refurbished historic Victory Building in the heart of Center City across from Jefferson Hospital, this stunning condo boasts 900+sqft of living space, 12+ft. soaring ceilings, newer carpeting and neutral custom paint. Granite countertops in both kitchen & bathroom. Master bedoom suite has walk in closet & full bath. Featuring 24 hr. security, a gorgeous main lobby entrance, elevator, unique French 2nd Empire style architecture, amazing staircases, skylights and hallways, bellman, fitness center..the list goes on. Highly sought after location convenient to 3 major hospitals, colleges, theaters, fine dining, shopping and entertainment, major transportation and all of the main arteries in/out of the city! All of this plus the remainder of a 10 yr. Tax Abatement which started 1/1/06. Short Sale. Price Firm. Inspections welcome, being sold as is. Conventional or Cash Only. NO FHA/VA loans.

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726
Cell: 215.510.2149

Latest Listing News

Schreiner – Short  – SOLD! 2 more properties have closed this week, 2 more happy people saved from foreclosure!

Price Reductions! Ave of Arts Condo, REDUCED 5 Grand! Short Sale!!

For All of the Latest Listing News – Click Here!

Spring Fever Have You Itching To Move? Search ALL Listings Here!

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726
Cell: 215.510.2149

Still Waiting on the Fence?

“I am going to wait until the market bottoms out to buy.”

Is there ever a perfect time to buy? Yes, when you need or want to move. I hear it quite often … “I am going to hold off until the market bottoms out.” But what you don’t realize is that when the market “bottoms out” it usually means its already starting to turn around and with that can come stiff competition when making an offer to buy the home of your dreams. Everyone tends to scramble to get the best deal at that point, leaving you contending with multiple offers on the home you want — and before you know it, poof … it’s a seller’s market again! Opportunity is lost.

“I am going to wait to see if the rates go any lower.”

Rates are currently hovering around 5% and under if you have a decent credit score! These rates are historically low! I’m sure you’ve heard the saying … “You snooze you lose.”  Rates are starting to go back up so any future price decreases in homes for sale may just be a wash … think about it … if the interest rates climb, you are spending thousands more over a long term mortgage … who out there likes giving the bank extra money? Not me!

Home prices do not necessarily coincide with interest rates. For example, even if the home drops in price and the interest rate goes up, you lost money in the long-term. Rates are low NOW and Spring is the busiest marketing time of the year … Why? Most people like to do their moving when their children are out of school and before the school year begins plus they have the additional cushion of their income tax refunds. If I my real estate crystal ball is correct, I predict a busy spring this year … so maybe it’s time to think about jumping off the fence?

Thinking about buying? Check out my BUYER’S TOOLKIT!

 “Sellers are desperate.”

I am really not seeing this in certain markets and locations. While some markets have been hit hard, Real Estate is still all about “location, location.”  Real Estate is VERY local; markets vary across the country and from town to town. Here in Philadelphia and its surrounding suburbs I am finding that most sellers are really NOT desperate at all. Unless there is some unforeseen disaster or the property is a distress sale, sellers are not as desperate as the media would have you believe. So as the old school 80’s song goes … “DON’T BELIEVE THE HYPE!” (Public Enemy)

In fact, Philadelphia and it’s surrounding suburbs have not been hit as hard as the rest of the country. Overall, we have only seen a slight decrease in home prices as compared to other states and now that Spring is around the corner and interest rates are still low (but on the rise), I am seeing a huge increase in activity, even multiple offers on properties again!

Sellers still need to do their best to make their home marketable and to keep it in tip-top shape to compete with the other properties for sale in their area. Pricing the property well is key and always take into consideration the way the home shows compared to other properties on the market if you cannot afford to fix up the home to show. 

For some tips please check out my SELLER’S TOOLKIT! Thinking of selling? Now may be the time to go for it! 

Ready to Make a Move? Contact Me Today!

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726
Cell: 215.510.2149

The “Short” Sale Myth (Part 1 of I am sure, many.)

short SaleShort Sale, did you every wonder where that name came from when they are anything but “short”? It’s an oxymoron example at it’s finest.  Short sales are anything but short in most cases. It can take months for lenders to respond to short sale offers. It’s quite a mess out there.

A question I find typical of a buyer’s agent .. How long until we get an answer? If I knew the answer to that question, I’d be blessed by the magical Short Sale gods with the short sale crystal ball (and I’d also be holding the winning lottery ticket). Fact is, I don’t have a crystal ball, I put that away years ago with the Ouija Board. 

No one can realistically tell you how long a short sale is going to take to close, or if the bank is going to accept your client’s offer. And remember ALL short sales are contingent on THIRD PARTY APPROVAL, ie, the bank(s) that currently hold the mortgage(s)/lien(s). Yes – any and all lien holders have to agree to the offer and agree to take a loss. So it could be 3rd party approval, and 4th and maybe 5th, 6th … well, you get the picture. Now personally, I’ve closed them in as little as 6 weeks, and the flip side – I’ve had them take as long as a year. Yes, a year.

(Mini Vent Coming) A year’s worth of work AND the kicker .. the bank decided since they had to take a loss, so did the agents involved, thereby cutting the commission by 1%. It makes no sense to me … as agents we’ve brought them a qualified buyer and have worked endless hours helping them find a beneficial solution to all parties. The audacity of one negotiator to outright tell me “if we have to take a loss, so do you” … my response to her (after almost falling out of my chair and dropping the phone) was “is anyone cutting your salary” of course, she did not respond because we all know what the answer is to that one. Did that woman understand that real estate agents do not make ONE PENNY until the property settles? If it didn’t close, the agents made ZERO. She got paid though, her full salary I am sure.

Now, I could have stood my ground and not agreed to this, but then the sale would have died and the buyer and seller would have lost the most, so I ate my pay cut and so did the buyer’s agent. Well, again .. this is another blog in itself .. there are many topics that fall under the short sale category as I am finding many people still are not aware of what they actually are .. but get used to them people, they are not going away any time soon.

I am jumping around quite  a bit in this blog because as I type there is so much to discuss about short sales. A “short” sale is when a property is sold at current market value and the seller owes more than what the property is currently worth.  For example, they may have purchased the property 5 years ago for 300,000 but today, its worth 250,000 … they maybe still owe 300,000 … like so many people back then, maybe they did 100% financing, so they haven’t put a dent in their principal …  hence this is a “short” sale  … they are “short” 50,000 and are now asking the bank to allow them to sell the property at a loss to the bank.

Bank may ask seller to sign a Promissory Note for all or a portion of the shortage. Bank may just say OK. Bank may say No. Bank may counter buyer’s lowball offer … bank may just foreclose … See the problem … bank may do what bank wants and what’s best for Bank. Period.

EVERY short sale transaction is different; it depends on how many liens are against a property and the circumstances of the seller and also the bank’s policies on handling short sales. If there is such a thing. They are trying … Every bank seems to handle them differently, but there is some standard of what is required of the seller(s). For more information on short sales and what is required of the seller, please visit my website – and if you find yourself in this situation, know that you are not alone. 

Bouncing again … because I find when I talk to clients facing foreclosure, they feel like they’ve failed in some way. You have not failed. Our system has failed you. You are not alone, there are many, many people in your shoes today. We all know and feel how terrible our current economy is and a fine example of why … is this … (bounce)

I had a perfectly good offer in negotiations on a property, an “almost” full price, cash offer. After working with the lender for months, they ended up foreclosing on this property anyway. Sad. They did not have the decency to notify me, even though I called every week for updates and was consistently told “it’s in review.” I found out only via the REO agent who graciously asked me to pull the listing. Nice, huh? And we wonder why this economy has not yet corrected itself. Makes NO sense.

My thoughts…  LET THE HOUSING MARKET CORRECT ITSELF. Leave it be, it’s in a cycle, a bad one, but it will recover, it always does. Is it just me, or does the media make you want to toss your TV in the street? And I am bouncing around again, I keep catching myself but there are sooooo many topics to cover with short sales  … they (the media) announced how we had the worst July on record .. did anyone stop to think that maybe that was because the tax credit ended and everyone scrambled to close by June 30, so of course July was slow .. smack .. it is almost always slow in July .. most people are on vacation! This July was so bad because, in my opinion, everyone already bought their house — which *maybe* is why we showed such a huge gain in sales in the months prior.  Could it be that simple?

Bouncing back … One last note to buyer’s agents … please prepare your client when they are making short sale offers that if they do not have time to wait for the bank’s answer, which may be NO with no counter, depending on the offer and the circumstances, then maybe a short sale property is not in their best interest. A listing agent cannot realistically give you a time frame unless the short sale was already approved and MANY banks will not “pre-approve” a short sale … many will not even talk to you until you present them with an offer and the entire short sale package.

I find many agents avoid short sales like the plague, as agents we take the chance of getting a pay cut for a transaction that takes 10 times the work (or more) of a “normal”sale  — the banks make you submit the short sale package over and over, it gets tossed from one desk to another and its my opinion (because that’s what blogs are all about) that it’s the banks fault to begin with we are all in this boat. Sinking. (ARMs, Subprimes, 100% financing … etc .. we were doomed.) Why even take a short sale? For me, it’s trying to help people make a bad situation better. I cannot tell you how many people have cried on my shoulder. It really grounds you as a person. And, if I can help dig someone out of a hole, then I am going to. I may complain, I may gripe because the banks make me crazy, but in the end, when they do close, it’s VERY rewarding on a HUMAN level.

Recently some of the agents in my office have teamed up with a short sale attorney. This is so beneficial to all involved. The seller does not pay the attorney, the seller owes the attorney ZERO. The attorney is now doing the negotiations, thereby freeing up the agents time to help others AND … FREE LEGAL ADVICE to the seller. How does that not ROCK?!?!? Inquire within! We are here to help YOU.

Much more to come on this topic … as there are plenty of short sale “myths” to be written about.

Kim Schreiner, ePRO, SFR, Realtor
RE/MAX Affiliates, NE
The #1 RE/MAX Office in the City of Philadelphia
Office: 215.992.1726
Cell: 215.510.2149