Harrisburg Real Estate News

Published by Michelle on 29 Jan 2011

Impressive Views & Privacy for $324,900 (Loysville, PA)

Enjoy the impressive views and sounds of nature from your very own 10′ x 60′ covered front porch.  Built in 2008 by Maverick Homes, this 5 Bedroom, 2.5 Bath home offers over 2,600 square feet of living space with generous indoor/outdoor storage.  Perfect floor plan for entertaining with formal Dining Room, spacious eat-in Kitchen with open access to Living Room and rear yard.  This home is BETTER than new and ready for new owners.

Some highlights include:

- 2,674 Square feet of living space with 3-car side entry Garage

- Spacious eat-in Kitchen with Pantry and Breakfast Bar

- Formal Dining Room with cherry hardwood and chair rail

- Living Room with beautiful stone gas fireplace

- First floor Master Bedroom with walk-in closet and luxurious full Bath with jetted tub

- Four Bedrooms on second level (two share Jack and Jill full Bath)

- Full unfinished Basement with high ceilings, coal stove and exterior access

- 12′ x 22′ two stall barn with feed room

For additional information (or for a private showing), please contact me at (717) 623-8508.

Published by Michelle on 13 Jan 2011

House Sales Drop in Greater Harrisburg Area in 2010

The bad news is that homes sales decreased 12% in 2010 (compared to 2009).  But, there is some good news…the median sales price increased 1.2% to $163,900 in 2010.  That may seem like an insignificant increase to some however it’s a sign that home values are stabilizing and we’re on our way to recovery. 

Imagine living in Detroit where the average home value as of June 2010 was $67,090 with 16,925 foreclosures!!  All of a sudden, living in Central PA doesn’t seem so bad.

For more information regarding home sales in the Greater Harrisburg Area, please read the attached article.

Central_Penn_Business_Journal_January_13_2011

As always, if you want to know the current market value of your home or the market conditions at your price point, please contact me at (717)623-8508.

Published by Michelle on 07 Jan 2011

What to Consider When Buying a Home & How to Protect Yourself

Without a doubt, buying a home can be a daunting and emotional process.  Afterall, it’s most likely the most expensive asset that  you’ll ever purchase.  How do you know which home is the “right one”?  Am I buying a money pit?  What can I do to protect myself from buying a lemon? 

The Buyer’s Agent you select plays a vital role in answering the above questions.  A true Buyer’s Agent is looking out to protect YOUR best interest (not their own interest or the seller’s interest).  I attached an informative handout that lists numerous issues that a Buyer should consider when selecting a home.  Some of these issues will be addressed in the Seller’s Disclosure, however the best protection you can have as a Buyer is to get a home inspection.  A home inspection provides the Buyer more detailed information about the overall condition of the home prior to purchase.  In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potential new home. 

It’s YOUR responisbility to be an informed Buyer.  There’s so much information available that you need to use it to your advantage.  If you are looking for a strong Buyer’s Agent to be YOUR advocate, please contact me at (717)623-8508. 

What to Consider When Purchasing a Home

Published by Michelle on 05 Jan 2011

Facing a Short Sale Situation…Don’t Hide, Call Me!

First of all, what is a short sale?  A short sale occurs when a homeowner owes more on their mortgage(s) than the market value of the home.  It’s  similar to being “upside down”  on your car. 

Please understand that there are options available.  The worst thing to do is to be in denial and hide from the situation.  If you can keep making your monthly mortgage payments and can afford to ”ride out the market”, that would be the best option.  However, if you need to move because of a life change or you simply can not afford to keep making payments, then you need to contact a Realtor who has experience and can assist you with the short sale process. 

Everyone’s situation is unique.  If you don’t know who to contact or how to start the process, please contact me for a free consultation.  I’d be happy to explain the process and arm you with the information you need to make an educated decision.  If you live outside the Harrisburg area, I can put you in contact with a Realtor in your local market who has expertise in dealing with short sales and foreclosures.  I can be reached at Michelle@HarrisburgHouses.net or (717)623-8508.

Published by Michelle on 16 Dec 2010

Decorate or Not to Decorate? That is the Question This Holiday Season

If  you’re trying to sell your home over the holiday season, do you decorate your home or take a year off from those darn holiday lights?  As with everything in life, you need “balance”.  Here are some helpful hints to consider when dragging out your holiday decorations.

Don’t go overboard and be selective.  Remember the “less is more theory”.  Instead of displaying every holiday knick-knack that you’ve collected over the years, select your favorites and try to avoid decorations with any religious conotation (examples include nativity scenes, menorahs, etc.).  The goal when selling your home is to appeal to the masses and you don’t want to offend anyone who may not share the same religious values as your family. 

Think festive and inviting…use seasonal greens and plants for holiday decorations.  Nothing is more welcoming than a healthy evergreen wreath with fresh ribbon on the front door and a brand new welcome mat.  It’s time to throw away those tattered decorations and remove all out of season (dead) plants.  For added color, place several festive poinsettias or Christmas cacti throughout the home.   

Size does matter when selecting your Christmas tree.  Many of us are guilty of picking a tree that looks perfect at the tree farm and then we get it home to find out that it fills the Family Room.  An oversized tree is telling potential buyers that the room is too small to meet their needs.  Be aware of the tree’s width when selecting your holiday tree this year. In fact, this year may be the perfect time to try one of those pencil trees.  It’s important to take your tree down immediately following the holidays.

Lastly, if your Realtor takes MLS photos during the holidays, invite them back after the decorations are put away so your photos don’t look dated.   It’s embarrassing to see photos with Christmas trees in the background when the daffodils are blooming in April.

If you have any questions, I can be reached at Michelle@HarrisburgHouses.net.

Published by Michelle on 10 Dec 2010

Fannie Mae, Freddie Mac & Several Lenders to Temporarily Suspend Foreclosures

From December 20 to January 3, Fannie Mae, Freddie Mac and several big lenders will suspend foreclosures and evictions on occupied single family and multi-family dwellings.  It’s unclear as to how many households this temporary ban will effect but it’s definately a gift to those who were scheduled to be foreclosed upon. 

Nationally, it’s been reported that as high as one in eight mortgages are in default or foreclosure.  The good news is that Pennsylvania’s foreclosure rate is still relatively low compared to the national average. 

If you find yourself in a financially distressed situation and need to sell your home before it foreclosed upon, please contact me at Michelle@HarrisburgHouses.net or (717) 623-8508.

Published by Michelle on 19 Nov 2010

Greater Harrisburg Association of Realtors Feeding 659 Local Families

This year, I had the pleasure of chairing the Annual Thanksgiving Food Drive Committee through the Greater Harrisburg Association of Realtors (GHAR).  I am thrilled to report that we successfully concluded our efforts this morning for the 24th Annual Thanksgiving Food Drive by supplying a Thanksgiving dinner (turkey and GIANT gift card for all the trimmings) for 659 local families. 

The Food Drive started in 1986 and in the first year they collected 78 boxes of food.  The goal from day one is to help the less fortunate families in our area and give back to our local communities.  Each year our recipient list increases and we do our best to help everyone that we can.  We knew going into this year that the slow economy was going to be a challenge however we pulled together and reached out to our peers and affiliates and made it happen!

Although my responsibilities as Committee Chair ends today, I will continue to support this cause going forward.  If you would like to make a donation for next year’s Thanksgiving Food Drive, please contact me at Michelle@HarrisburgHouses.net.  Every dollar counts…Happy Thanksgiving everyone!

Published by Michelle on 10 Nov 2010

ABR Candidate!

I’ve successfully completed the first major step towards receiving my Accredited Buyer Representative (ABR) designation.  What does this mean?  I’ll compare it to a college graduate with a general business degree who then goes to graduate school to receive their Masters of Business Administration (MBA).  Only 4% of Realtors have this designation and I’ll soon join the ranks of this elite group.

If you are looking to buy or build a home, do yourself a favor and hire a Buyer’s Agent who is working for YOU and only YOU (not the Seller or their own self interest).  Everyone’s needs and situation is unique so feel free to contact me to discuss your goals.  I’m available to meet so we can discuss the process, the current real estate market, and to answer any questions you may have.

Picking the “right” Realtor is just as important as selecting the “right” surgeon or attorney.  Your home is most likely your single most expensive asset, right?

Published by Michelle on 24 Sep 2010

Exceptional Location at an Exceptional Price in New Cumberland Borough

Only $79,900…this semi-detached home offers over 1,000 square feet of living space with 3 spacious Bedrooms and 1 full Bath.  Formal Living Room and Dining Room are graced with hardwood floors and provide generous space for entertaining.  The eat-in Kitchen with pantry offers access to fenced rear yard.  Walk-up attic provides additional unfinished living space.  Full basement, off-street parking, newer windows and roof are just some of the highlights of this wonderful home. 

For more information or to schedule a private showing, please contact me at Michelle@HarrisburgHouses.net or 623-8508.

Published by Michelle on 07 Aug 2010

Mortgage Interest Rates Fall Again

Interest on a 30-year fixed loan reached a new low of 4.49%, compared to 4.54 % last week.  One year ago rates were hovering around 5.22%.  

If you’re looking for a 15-year fixed loan, the current interest rate is 3.95%, down from 4% last week and 4.63% one year ago. 

If you’re interested in buying a property, please contact me today so you can get pre-approved and under contract while the rates are historically low.

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