Thursday, March 15, 2007
Fast sales township
Of Buckingham, Doylestown Township and Lower Makefield, which municipality do you think had the lowest average days on market for homes sold in February of 2007? If you guessed Lower Makefield, you were correct. Last month, the average days on market was 56. In February 2005 it was 55. They are pretty good numbers in this market. Buckingham's numbers were 90 for February 2007 and 55 for the previous year. Doylestown Township ranked third on the list with numbers of 125 for 2007 and 26 for 2006. What a difference a year makes!
Thursday, March 01, 2007
Steal of a deal
If you or someone you know are looking for a traditional Bucks County farmhouse, I know just the property. The house at 72 Golf View Drive in Northampton Township is a gem. It has been on the market for more than a year and is owned by a relocation company that wants to unload it. The price started out at $1.2 million and has gone done as it sat. It is now listed at $819,000 and it could probably be had for less. I don't have a client who is interested in that kind of property right now, but I hate to see it just sit there, so I am putting the information on the Internet.
It is 254 years old, with three bedrooms and two-and-a-half baths on 1.06 of an acre. It has a pool, jacuzzi, a wine cellar, an eight-bay garage/carriage house with a two-bedroom living area with a kitchen and a fireplace above the garage. The main house has a nice master bath, a French country kitchen, three fireplaces, a great room. The grounds have been meticulously maintained, and the house has been updated. Taxes are $10,224 a year, and the house is in a great school district, Council Rock. It even has a cool name...Four Winds.
So spread the word.
It is 254 years old, with three bedrooms and two-and-a-half baths on 1.06 of an acre. It has a pool, jacuzzi, a wine cellar, an eight-bay garage/carriage house with a two-bedroom living area with a kitchen and a fireplace above the garage. The main house has a nice master bath, a French country kitchen, three fireplaces, a great room. The grounds have been meticulously maintained, and the house has been updated. Taxes are $10,224 a year, and the house is in a great school district, Council Rock. It even has a cool name...Four Winds.
So spread the word.
Unconventional wisdom
In today's real estate market, it's a great time to buy a house, especially if you don't have to sell one first, at least that's the conventional wisdom. Why? If your purchase of a house is contingent upon the sale of your home, too many things can go wrong and it can take too long to sell. Seller's don't like to sign contracts with a home sale contingency. Too risky.
Often it is, but not all the time. I recently learned of a house that went on the market in early January. In a week they had an offer contingent upon the sale of another house. The sellers, though wary, accepted the bid with the understanding they would continue to market the property. The buyer's house sold in a week and right now it looks like the sale will go through. But again, and this is why that kind of sale can be risky, a lot can go wrong between now and the settlement table.
Often it is, but not all the time. I recently learned of a house that went on the market in early January. In a week they had an offer contingent upon the sale of another house. The sellers, though wary, accepted the bid with the understanding they would continue to market the property. The buyer's house sold in a week and right now it looks like the sale will go through. But again, and this is why that kind of sale can be risky, a lot can go wrong between now and the settlement table.
