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Market Stats For: June 2010

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*New* Market Stats For: May 2010

Here are the stats for the month of May 2010 in Norwin School District.  I will be posing these stats Monthly.  If there are other areas you are interested in the market data on, Please comment below and I will include them in the future if possible. 

Norwin School District - May 2010

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June Newsletter

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What Does the Buyer Bonus Program Mean to You?

The Coldwell Banker® Buyer Bonus Event
will incentivize home buyers who missed the tax credits, but still want a financial credit. To participate, home sellers agree to refund the buyer 3% of the accepted offer price, up to $8,000, as a credit at closing. Up to $10,000 in California!

Coldwell Banker will promote the Buyer Bonus event in national TV advertising, online ads, via Twitter and Facebook, and more.

Contact me about the Buyer Bonus Event today!

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May Newsletter

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April Newsletter

April Newsletter - Printer Friendly Version

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Seller Representative Specialist Designation

March 2010 I was awarded the

Seller Representative Specialist Designation

The SRS - Seller Representative Specialist - is the premiere seller agency designation, conferred by the SRS Council, recognizing real estate professionals who have completed special education in seller representation.

For more information of the SRS Designation please visit:

 http://www.srscouncil.com/srs/public/homeSellers/sellerBenefits.aspx

________________________________

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March Newsletter

Printable Version - March Newsletter

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Pittsburgh Name BEST Housing Market by Forbes Magazine

“The best place to buy right now: Pittsburgh. For a housing market to be attractive it should have appreciating prices that show homeowners are making wise investments; an affordability rating that gives middle-class families with good credit entry into the market; and a relatively low number of foreclosures, which keeps prices stable and indicates there isn’t an excess of inventory.” 

          Click below for full article: http://www.forbes.com/2010/02/19/best-housing-prices-personal-finance-real-estate-affordable-homes.html

Reprinted from Forbes.com.

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Monroeville Implements *NEW* Residential Occupancy Permits

Monroeville Municipal Council, at their meeting of December 28,2009, adopted Ordinance No. 2464 setting forth the requirements for obtaining Residential Occupancy Permits prior to the transfer of one and two family dwelling units and establishing inspection requirements for multi-family dwelling units. The primary goal of this program is to assure life safety requirements in accordance with applicable codes have not been altered and are in good working order for the next occupant.

The program requires a Residential Occupancy Permit prior to the transfer of one and two family dwellings units, change in occupancy of a one and two family dwelling unit or occupancy of an apartment unit of a multi-family residential dwelling unit. The program requires that an Occupancy Permit be issued by the Municipality prior to occupancy of any residential dwelling unit or owner-occupied units as rental units. The Municipality intends to begin administering the program effective March 1,2010. Effective that date, an Occupancy Inspection will be required for any change of occupancy.

(Reposted from the Monroeville Municipal Building Department website.)

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February Newsletter 2010

February Newsletter 2010 

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Don’t Waste This Once In A Lifetime Opportunity!

There are only 80 days left till the home buyer tax credit runs out and it WILL NOT be renewed again, once this happens, it is very likely that sales will stagnate, however in these precious few days the market activity is going to boom! Lets take advantage of that and get your home the exposure it deserves! Call me to list your home today!

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January 2010 Newsletter

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Home Buyer Tax Credit - Quick Reference Chart

Quick Reference Chart

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Just Listed - 1455 Stanley Drive, Verona, PA

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Could You Use $8,000 for your Down Payment??? New Tax Credit Update!

The Goverment has just announced that the $8,000 Frist time home buyer tax credit (NOT A LOAN) Will be made available to buyers using FHA loans as the down payment to purchase their home!!!!  For Specific details, call your Mortgage Rep ( I can send you the info of several if you do not have one yet)! With Rates this low, the Ability to use this as your down payment, and Home Prices Still being down, there truely has never been a better time to buy!

 If you would like to set up a showing please let me know and I will be happy to set up an appointment for you.  And as always, if you should have any questions or concerns, please feel free to contact me at any time.  I look forward to hearing from you.

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Tips for Reviewing a Purchase & Sale Agreement

When selling your home, it’s likely that your primary focus is receiving the highest price possible for your property.And while this is certainly an important factor, there are other details that must be considered when you receive an official offer on your home in the form of a Real Estate Purchase Contract (REPC).  Negotiating this wordy and legally binding document can seem daunting, but understanding the information contained in the REPC will save you time, money and heartache during the process of selling your home. 

The Real Estate Purchase Contract, also known as a Purchase and Sale Agreement, or a Real Estate Contract, is an agreement between a buyer and a seller to purchase real estate.  Your first encounter with a particular purchase contract will be in the form of an offer from a potential buyer. After reviewing the offer, you have three options: to accept the terms of the offer, thus entering into a contract; to change the terms of the offer in a counter-offer; or to reject the offer wholesale.  

After considering the price offered by the buyer, savvy sellers will then determine if the Real Estate Purchase Agreement contains any contingencies. One common possibility is that the offer to purchase your property is contingent on the sale of the buyer’s home. If the buyers’ property sells, the sale goes through. But, if it does not, the sale is off and the buyers’ deposit is usually returned. There are ways to structure a contingent sale offer to make it less risky for sellers. One way is to include a release clause in the contract, which allows sellers to continue marketing their home in the hopes of finding a better offer. If such an offer comes along, the sellers notify the buyers that they must remove the contingency by a certain date and show that they are able to close. Otherwise, they must withdraw from the contract. The sellers are then free to proceed with the other offer. 

Another red flag to watch for is a request by the buyer for excessive time to secure financing. This is a reality for many first-time home buyers or even veteran buyers whose credit is spread thin. If you’re not comfortable with the extended time frame, you can request that the buyer provide you with proof of loan application and/or a letter of loan qualification by a certain date. A well-priced offer can also seem less appealing if the seller offers a low earnest money deposit or asks you to pay the closing costs. Feel free to counter any elements of the offer that don’t sit well with you. 

And, don’t forget to take note of your requirements in the offer. Some buyers will include a clause that penalizes sellers who don’t move from the property by a specific date. Be confident that you can vacate your home by the date requested before accepting the offer. On the other hand, you may want the closing process to move swiftly. Even if the offered price is less than you wanted, a buyer who can close and take possession quickly can counterbalance the lower price.  

It is generally accepted that all attached fixtures and appliances will be sold with your home, but the buyer must list these carefully in the offer to purchase. Such appliances and fixtures can include ovens and dishwashers, window treatments, light fixtures, fireplace mantels and even landscaping features like trees and flowers. Additionally, buyers can request the inclusion of certain furnishings and personal property. If you have items that you do not wish to include when selling your home—whether the washer/dryer, an heirloom rosebush, or all your furniture—it’s a good idea to let your real estate agent know from the get-go, so he or she can help mitigate the expectations of buyers.  

The bottom line? It pays to spend 20 minutes reviewing a blank real estate purchase contract as soon as you put your house on the market. That way, when you receive an offer, you’ll be ready to break it down into its specifics, and respond confidently.  

The staff at Coldwell Banker Real Estate LLC writes select articles about important topics related to real estate. For more information about buying a home or selling your current property, visit ColdwellBanker.com today. 

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357 McDonald Drive, North Huntingdon, PA 15642

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3027 Main Street, Penn Twp, PA 15623

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2001 Cowling Road, Scottdale, PA 15683

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