From 2012 to present, the median home price of single family homes (SFH) in Rivercrest has remained unchanged, if you are using data points for the entire community. However, as with all things real estate, everything is local, so we'll be examining how each section of the community – Fairways, Estates, and Masters – has performed over the years.The median price of a SFH in the Fairways, since the 2012 lows, has increased 15.7% (great if you bought in 2012). The total appreciation from 2011, however, is 1.1%. For the past 5 years, the Fairways have essentially traded within a range with no new highs or lows (except in 2012).Now, let's take a look at the Estates. Since 2012 lows, the median price increased 14.4%. What's more interesting is the appreciation from the 2011 median price – 13.3%. For the past 5 years, the Estates have been able to establish higher lows and highs on the price spectrum. FYI - the upper end of the range has been under pressure recently, consolidating toward $700k.Finally, the Masters. This section has performed similar to the Fairways – prices remain unchanged and trade within a range, except one several years ago. Keep in mind that less than a handful of these homes trade within a given year so the sample size for analysis is very limited, but expected.So to revisit your original question. On the surface, it would appear that Rivercrest home values remain unchanged, but depending on when and what section you bought in, your results may be better.Having said this, there are external factors that will pressure luxury segment resales in this area for the next few years. The primary deterrent to price growth is new construction; as you know, there are a couple that have been built and several more coming online. Second, lot characteristics, specifically bigger yards for outdoor entertaining space. Finally, personal preference for a gated community; there are none in this area, but Rivercrest is definitely the best example with a housing option for every luxury price point, an active community of residents, and extremely convenient if you want private golf club amenities.Hope this helps! Direct message me if you have any other questions.- Edmund Choi | REMAX ADVISORS
Hi Dan,I can be of assistance. However, if the property is listed as a pre-foreclosure and is not on the market as a short sale, I cannot be of assistance. Please direct message me by clicking through to my profile page. Looking forward to hearing from you soon.Edmund Choi ? RE/MAX ADVISORS
As previous posts have mentioned, USDA (restrictions apply) and VA (military service) offer 0% down options. FHA requires minimum 3.5%. Homepath can be had with as little as 3% down, but is only available for Fannie Mae foreclosures. Good Hunting!
Depending on your property's price point, I'd recommend the following:- entry level: solid surface/Corian- mid-market: Corian/granite- luxury: granite/quartz/silestone
Between short sale and REO, I'd bet on the REO to close faster.As for REO's, if you are the winning bid, typical closing is 30 days for cash and 45 days for financed transactions.As for short sales, it depends on the status of the seller's package and lender procedures. Although you may have a contract with the Seller, you still the lender's approval.Good Hunting!
A buyer's agent can show you any property. Compensation, on the other hand, is a matter between you and your agent on those not listed in the MLS.
Absolutely. Comparative shopping will yield the best terms. Be certain that your multiple inquiries occur in a limited period of time for credit scoring purposes. It should be treated as one hard pull as opposed to several.
You are not alone. First, I'd consult with a mortgage lender to determine your purchase options, i.e. pre-approval. Then, I'd consult an accountant to determine tax benefits/disadvantages regarding 1) the sale of the townhouse you're currently occupying and 2) the continued investment and/or sale of the rental townhouse. The tax ramifications may influence your decision-making process. Finally, you'll need to determine if your cash flow (income from all sources minus debts) can sustain this current arrangement without terribly infringing on other goals that you may have, i.e. starting a business, starting a family, etc.
The algorithms establishing your Zestimate are, more often than not, far from accurate. In this, I am in agreement with you. If you are interested in reviewing a more accurate and localized market report, please click here to sign up my Levittown Market Snapshot to obtain a better idea of your home's property value.
Patti,Please click here to get a detailed report on your home's estimated value emailed to you. I'm a Main Line Realtor based in Devon and if you would prefer a more customized report, please do not hesitate in contacting me.Edmund ChoiJohn Matthew GMAC Real Estate410 Lancaster Avenue Devon, PA 19333484.324.4731 Direct