Why are there so many homes in Reading and Berks County going from pending sale back to active? Is it possible that the rush to buy a house in a fast paced low inventory market is causing the issue? There's always some speculation that arises when a home with a "Sold" or "Pending" sign on it gets replaced with a "For Sale" … [Read more...] about Berks House Deals Falling Apart at Higher Rate Than Normal
Home Financing & Loans
Is it possible that the old standard of calculating home loans is killing the real estate market and our economy in general? Maybe it is time to think about a new way of calculating home loan payments. Amortized loans were first introduced by the Federal Government during the great depression (not sure what was so great about … [Read more...] about Understanding Home Loans ~ Amortization
Risk management is a term we most likely hear in the world of investing. However, it’s a term that you should hear when selling your home. When you decide to sell your home, there is a tremendous amount of risk that you are trying to manage. How so? Let’s start with the single most important factor, you and your family’s future. … [Read more...] about Risk Management is Important When Selling Your Home
When you purchase a home there are many challenges that come into play. Trulia.com recently did a survey called the “American Dream Survey”. Home buyers who took the survey stated that the number one obstacle of owning a home was saving enough for a reasonable down payment. The down payment is the amount of money a prospective … [Read more...] about Buying a Home in Berks County PA? Great Reasons to Consider a 20% Down Payment
In 2007 the federal government was faced with a dilemma. The economy was diving and housing was at the tip of the downward facing arrow. Home prices started to plummet and the negative amortization spiral accelerated in 2008. People were having to sell their homes for less than what they owed the bank. The term “Short Sale” … [Read more...] about Mortgage Forgiveness Debt Relief Act May Be Over ~ Should You Care?
Should I buy a house now? Or wait until (who knows what happens)? So if you look back to the end of 2012, I wrote a similar article that was titled “ The Cost of Waiting” Throughout 2013 I was often seen preaching a message from Steve Harney from Keeping Current Matters, The difference between the “PRICE” and the “COST” of a … [Read more...] about Should I buy a house now?
Looking back on 2013, especially the last quarter of the year, we all felt the dysfunction in Washington with the government shut down and last minute budget deals. I think we kept the makers of Advil and Excedrin busy as we tried to ease the major headaches that came from all the drama. Now that the President has signed the … [Read more...] about Looking Back to See Forward
How much does a Berks County home cost? The question seems simple enough. The answer is not that easy. The answer is even more complex if there is a mortgage involved. The National Association of Realtors states that approximately 65% to 70% of all buyers obtain a mortgage to purchase their home. The first thing we need to find … [Read more...] about The COST FACTOR of a Berks County Home Purchase