Friday, January 1, 2016

Moving in 2016? Here is what you need to know

New year, new goals, and new adventures!

If one of your 2016 goals is to enter the real estate market either as a buyer or seller, there are some trends to be aware of.
1. Right now, inventory is low in many areas, resulting in a sellers market. Sounds weird to some, but true! It's predicted more homes will come on the market early 2016... we shall see
2. Mortgage interest rates are on the rise, but still low. Lenders are offering more and more loan programs (and new ways of measuring your credit!) too. So if you've been putting it on hold, buying a home could be an achievable goal for you this year!
3. Selling your home? According to National Association of Realtors (NAR) 2015 survey, Buyers are looking for a fireplace, hardwood flooring, and granite countertops. Also, 2015 a new roof is #1 best return on investment. Keep these in mind when determining your asking price.

Looking for more tips? Contact me for information based on your specific needs.


Tuesday, December 1, 2015

Want to start your Real Estate Portfolio?

There's no denying Real Estate is a great long term investment. I've read and listened to many people talk about their investment journey. What I often hear is the first house bought is one they lived in and fixed up to make a profit once they sold- 2,3,5 years down road.
They use those proceeds to purchase a second investment- ideally a multifamily property. Live in one, rent out other to cover your mortgage. Sounds good to me!
This will also give you a taste of being a landlord. Do you like being a landlord? Then maybe buying and holding properties makes sense for you. Lots of people don't like being a landlord and they choose the "buy it and flip it" route. This is a little more tricky and risky, however when done right, can make you money.

There are a ton of opinions and recommendations when starting, but the key is to start! Rewards often require risk and possible failures (aka learning experiences). But you won't know until you try!

Buy and fix up option:

Buy, live in one and rent out the other = no mortgage payment for you!

If you are really ambitious- purchase commercial property with 2 income producing rentals! Tons of possibilities here:

If you need help finding an investment property, I can help! Contact me today!

Friday, November 6, 2015

What do you love about Narberth?

One of the many things I love about the Philadelphia suburbs are the individual towns with their charm and lively downtowns! You'll see this character in such towns as West Chester, Media, Ambler, Phoenixville and Narberth. Each with their own history and attractions.

Narberth is a town that I'm having fun exploring! My husband works in town and before knowing him, my only experience was driving through to avoid 76 traffic! There are many shops and restuarants that are still on my 'to do' list. Hopefully we can check some off this winter!

Did you know:
Narberth was incorporated in 1895
It's only 1/2 square mile within Lower Merion Townhip
Philadelphia Eagles founder, Bert Bell spent his final years here

If you're looking to move to the neighborhood, I have the perfect home for you!

This 3 bedroom 1.5 bath Twin home is just a short walk to downtown Narberth with restaurants, movie theater, shops, library & playground - everything you need plus the Paoli/Thorndale train line for an easy commute into Philadelphia. 
Updated Kitchen, Finished Basement, large backyard and off street parking make this home a steal!