Posts Tagged ‘buy a home’

Buyer’s Agent in Harrisburg PA: What You Can Expect

Buyer’s Agent in Harrisburg PA: What You Can Expect

Here is what you should expect from your buyer agent (in no particular order):

  • A Buyer’s Agent will be 100% loyal to the buyer’s interests at all times throughout every stage of the transaction
  • Prompt response to phone calls and emails – before, during and after representation
  • A Buyer’s Agent  provides Explanation/discussion prior to the home search of what to expect during a home search and what services the buyer’s agent will provide to the buyer
  • Assistance with mortgage preapproval – whether that means referral to a qualified mortgage lender or assistance with answering questions about the mortgage preapproval process
  • A Buyer’s Agent will Show properties that the buyer requests or that the agent recommends would fit within the criteria that the buyer is looking for
  • A Buyer’s Agent will Disclosure and discuss all aspects about the property and its characteristics even if it means that the buyer decides not to purchase the property
  • Discussion regarding Home Owner’s Association (if any) and clarification on what obligations & restrictions it places on the home owner. Advice and consultation on negotiation strategy
  • A Buyer’s Agent will offer Advice on offer price based on current market conditions and sold comparable properties
  • Negotiation of offer on buyer’s behalf to get the best price possible for the buyer
  • Referral to licensed home inspector or list of licensed home inspectors
  • Negotiation of issues raised at home inspection – whether it be a request for repairs or re-negotiation of price
  • Assistance with meeting requests of the lender during the loan approval process
  • A Buyer’s Agent will Coordinate and communicate with the lender to insure that mortgage contingency deadlines are met
  • A Buyer’s Agent will Explain the closing process and what to expect
  • Information regarding service providers (gas, electric, cable, etc.) so that the buyer can make necessary arrangements prior to move
  • Referral to other professionals as needed – insurance agent, attorney, mover, etc.
  • Coordination and communication with the listing agent and closing attorney to schedule the closing and meet the closing deadline
  • A Buyer’s Agent  Schedules and attends the walk through prior to closing
  • A Buyer’s Agent will Attend the closing and assist, if necessary, with issues that come up at or prior to closing

If you are considering buying a home in the Harrisburg PA area or surrounding towns, you will get all of the above from your Harrisburg PA Buyer’s Agent – and more. There is no cost at all to buyers to use my services. Call me to be your Buyer’s Agent. I can be reached at 717 514-1793 or Ken@KensHomesales.com

Harrisburg PA Real Estate Expert

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have 40 plus years of experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

 

presented by KensHomesales.com

 

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How to Buy a House: Homeowners Associations in Harrisburg PA

How to Buy a House: Homeowners Associations in Harrisburg    If you want to learn an important step in how to buy a house around Harrisburg PA, you need to know that we see Homeowners Associations (HOA) as often here as in other parts of the country.  We usually see Homeowners Associations in newer developments and townhome communities. However, many of our neighborhoods and homes are pretty old, with some dating back to the 1800’s; and you would not find Homeowners Associations in older neighborhoods such as these. Learning how to buy a house includes learning about HOAs.

Some buyers consider Homeowners Associations (HOA) to be a “deal-breaker” when considering how to buy a house. There are some pros and cons to having Homeowners Associations (HOA), and you should be aware of them before making any decisions.

 

Homeowners Associations
Homeowners Associations in Harrisburg PA

How to Buy a House: Homeowners Association Pros:

  • Homeowners Associations (HOA) provide a vehicle for
    overseeing the maintenance of common areas like walking paths.
  • Homeowners Associations provide funds to oversee lawn
    care and snow removal, providing maintenance-free exterior living
  • Homeowners Associations maintain uniformity among
    houses in the development.
  • Homeowners Associations restrict the storing or parking
    of less desirable items (trailers, unused vehicles, etc.).
  • Homeowners Associations set rules and regulations as to
    noise and other possible nuisance issues.
  • Homeowners Associations maintain value in the
    neighborhood.

How to Buy a House: Homeowners Association Cons:

  • Homeowners Associations (HOA) add monthly fees.
  • Homeowners Associations restrict what modifications
    owners can make to their property.
  • Homeowners Associations make homeowners conform to the
    rules of the HOA.
  • Homeowners Associations restrict outside structures
    (sheds, antennas, etc.)

Of course, not all Homeowners Associations (HOAs) are created equal.  Some are more restrictive than others. The important step for buyers to take when considering how to buy a house, is to make sure they have the restrictions reviewed in advance so they can determine whether or not it is something that they are willing to accept.  Buyers need to do their homework when considering how to buy a house, to make sure they can live with the rules and restrictions of the HOA.  Having a good Buyer’s Agent at your side will help.

Even items like Homeowners Associations (HOAs) can be confusing when learning how to buy a house. Call me now to represent you in the process. I can be reached at 717 514-1793 or Ken@KensHomesales.com

 

Harrisburg PA Real Estate Expert

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have 40 plus years of experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

 

presented by KensHomesales.com

Buyer’s Agent in Harrisburg PA: What to Expect from a Buyer’s Agent

Buyer’s Agent in Harrisburg PA: What to Expect from a Buyer’s Agent

Here is what you should expect from your buyer agent:

  • A Buyer’s Agent will be 100% loyal to the buyer’s interests at all times throughout every stage of the transaction
  • Prompt response to phone calls and emails – before, during and after representation
  • A Buyer’s Agent  provides Explanation/discussion prior to the home search of what to expect during a home search and what services the buyer’s agent will provide to the buyer
  • Assistance with mortgage preapproval – whether that means referral to a qualified mortgage lender or assistance with answering questions about the mortgage preapproval process
  • A Buyer’s Agent will Show properties that the buyer requests or that the agent recommends would fit within the criteria that the buyer is looking for
  • A Buyer’s Agent will Disclosure and discuss all aspects about the property and its characteristics even if it means that the buyer decides not to purchase the property
  • Discussion regarding Home Owner’s Association (if any) and clarification on what obligations & restrictions it places on the home owner. Advice and consultation on negotiation strategy
  • A Buyer’s Agent will offer Advice on offer price based on current market conditions and sold comparable properties
  • Negotiation of offer on buyer’s behalf to get the best price possible for the buyer
  • Referral to licensed home inspector or list of licensed home inspectors
  • Negotiation of issues raised at home inspection – whether it be a request for repairs or re-negotiation of price
  • Assistance with meeting requests of the lender during the loan approval process
  • A Buyer’s Agent will Coordinate and communicate with the lender to insure that mortgage contingency deadlines are met
  • A Buyer’s Agent will Explain the closing process and what to expect
  • Information regarding service providers (gas, electric, cable, etc.) so that the buyer can make necessary arrangements prior to move
  • Referral to other professionals as needed – insurance agent, attorney, mover, etc.
  • Coordination and communication with the listing agent and closing attorney to schedule the closing and meet the closing deadline
  • A Buyer’s Agent  Schedules and attends the walk through prior to closing
  • A Buyer’s Agent will Attend the closing and assist, if necessary, with issues that come up at or prior to closing

If you are considering buying a home in the Harrisburg PA area or surrounding towns, you will get all of the above from your Harrisburg PA Buyer’s Agent – and more. There is no cost at all to buyers to use my services. Call me to be your Buyer’s Agent. I can be reached at 717 514-1793 or Ken@KensHomesales.com

 

Harrisburg PA Real Estate Expert

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have 40 plus years of experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

 

presented by KensHomesales.com

How to Buy a House in Harrisburg PA – Step 2 – Get a Pre-Approval

How to Buy a House in Harrisburg PA – Step 2 – Get a Pre-Approval!  Get Qualified! May I suggest you contact a mortgage lender. I highly recommend  Chris Blouch with GMH Mortgage @ 717 813-9668. I have been working with Chris for over 7 years, and he has proven to have great rates, but more importantly a trust-worthy attitude.

In order to consider how to buy a house, you must first determine how much you can spend. You can be qualified over the phone in 5 minutes and approved within 24 hours with a written mortgage commitment. You then can act as a “cash buyer”.

How to Buy a House

A short conversation with our lender will give you your exact price range parameters, which will knock out your second step in how to buy a house. He can explain the mortgage programs available to you, and give a very precise estimate as to closing costs and down payments that would be applicable to the price range. This will also give you the exact down payment amount needed to determine how to buy a house.

Pre-Approval versus Pre-Qualification: What could be more comforting when considering how to buy a house, than the peace of mind that goes with knowing your mortgage is fully approved? If you want to know how to buy a house with strength, you will have a greatly improved negotiating position when you are pre-approved for a mortgage. Sellers are more apt to negotiate with someone who already has a mortgage approval in hand. The pre-approval letter lets the seller know they are working with a serious buyer. A pre-approved buyer can also close on a property more quickly – another major consideration for a motivated seller. Obtaining a pre-approved mortgage is essential in a “sellers’ market”, or where supply is limited.

 

Pre-approval uses basic information as well as electronic credit reporting. It is a true mortgage commitment, which means a commitment to financing your future home and an indication of the total mortgage amount available to you. Mortgage lenders can help you through the pre-approval process.  Pre-qualification, on the other hand, is not the best advice for people looking to learn how to buy a house. It is not a full mortgage approval, but an estimate of what you can afford. When you pre-qualify for a mortgage, the lender collects basic information regarding your income, monthly debts, credit history and assets, and then uses this information to calculate an estimated mortgage amount.

Documents Needed to Apply for a Mortgage  

Another step in learning how to buy a house, is to apply for a mortgage.  You will need to furnish information regarding your income, expenses and obligations. It will save time if you have the following items available:  

• W-2 forms for the last two years

• Federal tax returns for the last two years

• Last two months’ bank statements

• Long-term debt information (credit cards, child support, auto loans, installment debt, etc.)

 

Note: when considering how to buy a house, it is in your best interests to keep your credit report in good standing. Here are some helpful hints for your credit report:

 • Never go over 90 days past due on any accounts

• Keep your credit card debt below 50% of your monthly obligations

• If paying bills after the due date, always pay within the grace period

How to Buy a House in Harrisburg PA – Get a Pre-Approval –  is one of the most important steps. I can help you with this process. Contact me immediately to help you throughout the home-buying process. It is a wonderful journey, if done correctly. Ken Huebsch 717 514-1793 or Ken@KensHomesales.com

 

 

Harrisburg PA Real Estate Expert

 

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have 40 plus years of experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

 

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

 

 

 

presented by KensHomesales.com

 

How to Buy a House in Harrisburg PA – Step 5 – Know Your Property Taxes

How to Buy a House in Harrisburg PA – Step 5 –  Know Your Property Taxes  Taxes in Central Pennsylvania fall into two categories. If you want to know how to buy a house, an important step is learning about property taxes.

How to Buy a House… Know your Income Taxes

Pennsylvania is unique in that you must pay Federal, State, and Local Income Tax.  Federal Income tax is variable.  State Income tax is equal to 2% of your salary and the local income tax is between 1% and 2% of your salary.  You will need to file three separate tax returns, annually.

How to Buy a House - Know Your Property Taxes

How to Buy a House…Be Aware of the Occupational Privilege Tax (Derry Township)

The Derry Township Board of Supervisors approved replacing the township’s $10 occupational privilege tax with a Local Services Tax (LST) and increasing the tax rate to the annual maximum of $52 effective January 1, 2009.  The new tax is applicable to all employees who work in Derry Township. 

How to Buy a House…Real Estate Taxes

Real Estate Taxes are assessed only if property is owned in a township.  A tenant who rents an apartment or home does not pay Real Estate Tax.

How to Buy a House…Personal/Occupation Taxes

The Personal/Occupation Tax is levied in many, but not all, townships or boroughs in Pennsylvania.  All individuals residing in the respective townships are required to pay the Personal Tax.  The Personal Tax is not determined by where the individual is employed.

Examples of Personal/Occupation Taxes in some communities:

County – Township Personal/Occupation Tax Per Year
 
Dauphin County
Conewago Township $265
Derry Township (Hershey) $450 ($200 paid in Spring, $250 paid in Fall)
East Hanover Township $265
Harrisburg City Variable (approximately $250)
Hummelstown Borough $310
Lower Paxton Township $265
Middletown $295
South Hanover Township $265
Swatara Township $265
 
Lebanon County:
Palmyra Borough $10
Annville Borough $300
Lebanon $10
North Londonderry $10
 
Lancaster County:
Elizabethtown $0

Harrisburg PA Real Estate Expert

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have 40 plus years of experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

presented by KensHomesales.com

Four Reasons to Buy a Home this Year

Four Reasons to Buy a Home this Year

Affordability returns to housing, and buyers have loads of negotiating power!

CHICAGO (MarketWatch) — People are afraid to buy a home in times like these, with the economy tanking and home prices continuing to fall. But if you’re brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime.

Ask for price reductions, improvements, closing costs — whatever — and the seller, desperately trying to get a contract, is very likely to work with you, said Jay Papasan, one of the authors of the book “Your First Home.” When the market starts improving, your negotiating power starts to diminish, he added.

“People can get a lot of what they need and almost all of what they want today,” Papasan said. “Once a few people get off the fence, there’s safety in numbers and you lose your leverage.”

If you’re qualified to buy a home now, the purchase makes sense for your situation and you’re prepared to live in that home for at least five years, there are four reasons why you may be headed for a great deal:

1. Affordability is better than ever

According to the National Association of Realtors’ housing affordability index, homes were more affordable in December than at any other point since the group started the index in 1970. The affordability index is a measure of the relationship between home prices, mortgage interest rates and family income.

John and Julie Chilman, for example, recently have been able to stretch their dollars in the Las Vegas area. The listing price for the five-bedroom home they’re buying was $265,000; they offered $250,000.

“Our Realtor was like ‘Yeah, pipe dream. Like they’re going to take that,'” John Chilman said. “And all they did was counter $255,000… and they’re paying all closing costs.” The home had lingered on the market, and was listed for $310,000 just six months ago, he said.

According to data from earlier this month, prices had fallen 50.7% in Las Vegas from their peak and were about where they were in the second quarter of 2002, according to data from Clear Capital, a real estate valuation and data provider for banks and investment firms.

A recent report from Moody’s Economy.com predicted that house prices will stabilize by the end of this year, even though the Case-Shiller house price index will fall another 11% from the fourth quarter of 2008. By the end of the real-estate downturn, prices will have fallen by double digits, from peak to trough, in almost 62% of the nation’s 381 metro areas, according to the report. In 10% of the areas, declines will be more than 30%.

Not all markets have experienced huge drops, however, so it’s wise to take a look at how far prices have fallen in your area. The Office of Federal Housing Enterprise Oversight’s Web site has a house price calculator that can help.

2. You have a large inventory to choose from

In many places it is taking months to sell a home, creating loads of inventory — from new homes to existing homes to foreclosures.

There was a 9.6-month supply of unsold existing homes in January given that month’s sales pace, according to NAR. For new homes, the inventory hit a 13.3-month supply at the end of January, according to the Commerce DepartmentA large selection gives buyers more choices and drives down prices. And home sellers have gotten the picture.  

It’s fair to say that home sellers have become “increasingly desperate,” Papasan said. “People who have had for-sale signs in the yard for six months are starting to become in tune with the reality of the situation,” he said. Buyers can take advantage.

But if you put off a purchase until inventory shrinks substantially, you might not get as good a price, said Eddie Fadel, author of the book “Don’t Rent, Buy!” And be forewarned: It’s nearly impossible to time the exact bottom of the housing market and even if you do there’s no guarantee you’ll make a killing.

“You buy for quality of life… don’t buy on speculation,” said Duane Andrews, CEO of Clear Capital. “I wouldn’t buy a home expecting the housing market to rebound quickly in the next 10 years,” he said, adding that he expects moderate gains in values when the turnaround does happen.

Historically, real estate appreciates about 5% a year over the long term, said Nancy Flint-Budde, a Salem, N.Y.-based certified financial planner. But as the country crawls out of a recession, many markets probably won’t see huge home-price gains any time soon.

3. Builders are offering big discounts

Home builders are getting even more aggressive with their pricing.

In fact, Fadel recommends looking at completed new homes first because builders are offering such steep discounts. Plus, you’d have a warranty not only on the home itself, but also on the home’s appliances, he said.

“[Builders] want to save their credit, save their brand, save their reputation and clear out inventory,” he said. “They can go buy cheap land today with that cash.”

4. Mortgage rates are historically low

It’s not just the price of the home that will affect affordability; mortgage terms will also affect your monthly payments. These days, rates are very attractive for conforming loans, those that can be purchased by mortgage agencies Fannie Mae and Freddie Mac. (The current limit is $417,000, although that can rise as high as $729,750 in high-cost markets.)

Earlier this year, rates on the popular 30-year fixed-rate mortgage hit a level not seen in decades, and rates have stayed relatively near that low for weeks. This week, the 30-year fixed-rate mortgage averaged 5.07%, according to Freddie Mac’s weekly mortgage survey.

But low rates don’t mean lenders are handing out mortgages easily. You’ll need good credit, a substantial down payment and a willingness to document your income in order to qualify for those great rates, if you can qualify at all.

For detailed advice from someone that will bring you 20years of experience to play on, call me now at 717 514-1793 or email me at Ken@KensHomesales.com

 

Harrisburg PA Real Estate Expert

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have a combined 40 plus years experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

Presented by KensHomesales.com

Why You Should Buy a House Now in Harrisburg PA

Why You Should Buy a House Now in Harrisburg PA 

Yes, the market has started to stabilize. It’s true though, experts do suspect prices will decrease before increasing. One of the biggest mistakes a buyer can make is trying to “time” the market. It’s impossible. Instead, buy when the time is right for you. If you’re in the market, then now is the best time for you to buy a house. Here’s why:

1. Rates are historically low. By taking advantage of the low rates, you’ll save a load of money if you buy a house now. Even if the value of your home decreases by 5% the benefit of having a low interest rate saves you more money over the long haul.

2. You’ve heard the phrase before:  “This is a buyer’s market”. You have the purchasing power—you’re in the driver’s seat.  Buy a house now!

3. Homeownership can build wealth again. Take into consideration the generous tax deductions and in the long term, building equity.

4.There’s more than a six month supply of homes on the market. Numerous homes are available and a variety of price points. If you buy a house now, you are likely to get the deal of a lifetime.

5. Should you rent or buy a house now? Definitely BUY a HOUSE NOW!! Studies show that owning a home builds long-term wealth. Plus, think of stability. You’ll have the same payment for the next 30 years. There’s no landlord to jack up prices every time you renew your lease.

If you’re considering a purchase or have questions about homes in the HARRISBURG and HERSHEY area, call me today at 717 514-1793 or email me at Ken@KensHomesales.com

 

Harrisburg PA Real Estate Expert

Ken Huebsch is your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate  as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have a combined 40 plus years experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success.  For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!

Cell: 717 514-1793
email: mailto:Ken@KensHomesales.com

Presented by KensHomesales.com