Wednesday, November 23, 2016

New Construction Homes in Chester County - Nov 2016


 New construction communities in the 400k+ range in Chester County categorized by school districts.

Downingtown Area School District
Hideaway Farms - Southdown Homes
Bright Glade Farms - Southdown Homes
Marshalton Walk - Cal Atlantic Homes Formerly Ryland Homes
Reserve at Chester Springs - Toll
Applecross - Pulte
Fox Meadows - Bodine Dev Inc

Great Valley School District
Altwater - NV Homes
Linden Hall - Pulte Homes of PA
Pickering Crossing - Southdown Homes
Spring Oak - Jpo Spring Oak LP
Willistown Acres - Renehan Building Group Inc
Willinghouse Preserve - Hellings Properties LP

Owen J Roberts School District
Creekside at Byers Station - Toll PA Ii LP
Byers Station - Lennar 
Reserve at French Creek - Toll PA XV LP
Wetherhold - Remington Investements Partners LP
Chester Springs - Rotelle Dev Co


Buyers please remember to visit the properties with your Realtor the first time, so they can be registered with the builder.  Realtors add value to a new construction purchase - they help you  compare the neighborhood home values, help you pick options and upgrades that add resale value, help with inspections, provide closing assistance and a lot more.

Call me so I may assist you with the purchase of the ideal new construction home for your family.


Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin




Wednesday, November 16, 2016

How will the Trump Presidency affect Chester county real estate?


The media is abuzz with articles on how the Trump Presidency could affect the housing market. The A Realtor.com article talks about different home buyer sentiments in the blue vs red states especially in the short term.  A Forbes article speculates on fewer banking/building regulations, and tax reform. A Marketwatch article assumes increased investments in infrastructure, leading to possible job growth.  

Overall, a lot of questions are raised, and the jury is still out on the answers.  Will the rural and inner city middle class be affected the same as the million dollar coastal listings?  Will Dodd Frank, which imposed wide regulation on the mortgage industry, be cut back? Will Fannie and Freddie survive? Will the job growth escalate?  Will the Fed increase interest rates? Will tax reform leave more money for home purchase? 

To me, all real estate is local.  Below is a map of all Chester county Home Sales.  The trend as we can see, is steady improvement since the recession years.  I believe this trend is due to a wave of population growth in northern Chester county areas.  This growth is due to more jobs, good and better schools, incoming immigrant population and investment in infrastructure.  The unemployment rate in Chester county is 3.9% - compared to State of PA which is 5.4% according to Labor Force Statistics so we are doing relatively better than the rest of the state.

Chester County Home Sales 

I have my own sets of questions that affect the local real estate market.  Will the popularity of the local schools continue to attract buyers?  Will the recent rise of new construction by top builders like Toll, Lennar, Pulte, Ryan, NVR, Southdown...continue? Will the millennials want to buy suburban homes or will they prefer condo living in Philadelphia? Will the expansion of the train station in Coatesville, give the city a much needed boost?  Is the coming of Whole Foods, popularity of Wegmans, expansion of the King of Prussia Mall ...a sign of more jobs and affluence? With the widening of Rt 202, and the new turnpike access from Rt 29, will local traffic congestion be relieved? Will Chester county employers like Vanguard, Bentley, Shire...continue to attract the immigrant population? Is the increasing diversity in the area a cause for interracial relations concern?  Will the Pharmaceutical industry growth in neighboring Montgomery county continue?

The answer to these lies in the new President's immigration policy, tax reform, infrastructure budgets and spending, deregulation of mortgage industry, transfer of power to states and local officials, international policies and war on terrorism, and the trickle down effect of these policies.

I am cautiously optimistic.  Growth and prosperity will benefit all, regardless of their politics.  Even with the recent significant spike in Interest rates to 4%, (the highest jump in 3 years) this is still a historically low rate, which should encourage home ownership.  I predict slowing down of the rental market, and a continued steady growth in Home Sales in the near future.  No crystal ball for long term yet.

Take a few minutes to share your views.

Thank You.

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

Tuesday, November 15, 2016

Home for Sale - 2861 Westerham Road, Downingtown, PA 19335






Lovingly maintained move-in-ready home awaits your finishing touches. Peaceful quiet neighborhood within walking distance of the SEPTA train station. Come check out this 3 bedroom single family home in a lovely community. As you enter the 2 story foyer with hardwood, with the formal living and dining room on either side. Move on to the family room with fireplace, which is adjoining the kitchen, allowing an open flow. Garage access and laundry room, with a sink, are tucked away round the corner. There is a no maintenance composite deck accessed thru the sliding door, in the breakfast area of the kitchen. Walk up the stairs to a landing, which has a great view of the 2 story foyer area. The owners house plants catch some lovely sunlight there and add cheer to the space. 3 spacious bedrooms upstairs. All bedrooms have ceiling fans and recessed lights. The entire house is flooded with plenty of light and sunshine. The location has very good access to the local public, private and charter schools. Reserve at Bailey Station includes 100 acres of open space, natural walking trails, has really scenic views and is conveniently located near the R5 Thorndale Train Station on business RT. 30. Easy access to Rt. 322, Rt. 340.


Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

Sunday, November 13, 2016

NEW CONSTRUCTION - 3530 Augusta Dr., Chester Springs, PA


Move right in to this wonderful new home built by Lennar.  It has hardwood, granite, tile, glass, stainless steel, upgraded lighting, an amazing mudroom with built-ins, which happens to be my favorite part of this property. Home is already built waiting for a luck buyer to call this place home!

https://www.coldwellbankerhomes.com/pa/chester-springs/3530-augusta-dr/pid_14455399/


Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

Saturday, October 29, 2016

International Sale - Seller in Europe, Home in Chester Springs, PA.

During the real estate recession from 2009-2013,  when prices dropped, instead of selling, many homeowners became landlords.  Relocating homeowners, who could afford to hold on to their home, ended up renting it.  The rental market in the meantime was really strong and renting was a great idea, because the rent covered Mortgage+insurance+taxes+HOA fees...essentially your tenant was building equity for you!

Fast forward to 2016, when the market, especially in this part of Chester county, went back to being a sellers market.  Now, is a great time to sell, since home prices have mostly recovered.  The key to getting a premium price for a home is location, local demand/supply and condition of the house.

The home has now aged, and no matter how well the tenant has maintained it, the home shows wear and tear.  Lets face it, homes require constant maintenance and upkeep, and buyers are very very discerning when it comes to walking into a house and seeing how well it was maintained.  A home which has been rented for about 4-5 years, will never show the same level of maintenance as an owner occupied home.





Friday, October 28, 2016

Making it a Win Win for both Homebuyer and Seller

Anyone who knows me knows what a fierce advocate I am, for my clients.  I negotiate strong, always looking out or their best interests and giving them advice based on my experience.

I am also respected as a professional among my peers since I am fair and responsive.  I will return calls, respond to queries in a timely manner, accommodate requests and generally try to make it a win win for both sides.

Once in a while I get to hear the opinion of the other party - home buyer or sellers.  I know I have made an impression, when about a year after the transaction I get this email from Buyers of a house I listed for Sale.  They has their own real estate agent  representing them, but as all Realtors are aware - sometimes, to hold a deal together, we do the cooperating agent's work as well.

You are so kind to check in on us!  

We are doing fantastic, thank you!!  We absolutely love Williamsburg.  Our house is great, the neighbors are awesome, they just redid the pool this year (it's a salt water pool now :)  ) and we love it.  I run on the Struble all the time.  We belong to the YMCA and go every day, the kids are in tons of activities, we love the school (we decided on St. Joseph's for our kindergartner so he'll go there again next year for 1st grade).  I mean really, we couldn't be happier with this amazing location and town.  A million thanks for everything you did for us last year!

Now just in case you start wondering what my own clients thought of my service ...
This gorgeous bunch of flowers arrived in the mail after settlement.  And below is their review on Zillow...



Very happy to recommend Bela as an excellent realtor. She is very responsive and tuned in to our interests, goes way and beyond in keeping us informed and guiding us in the process. A very responsible person who takes accountability, owns the process along with us. She made the process of selling  our home very smooth and her recommendations for staging and fixing were all relevant. Thank you Bela! Best wishes to you! 

I cannot tell you exactly how I will make a difference to your real estate transaction, because each transaction is unique, with different set of players and circumstances.  But I will confidently tell you, I am customer service oriented and fiercely loyal to my client's interests, so there will be a noticeable difference.  Read about my other Success stories here.

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin


Thursday, October 27, 2016

New Construction story - right upgrades and right timing...

I cannot tell you exactly how I will make a difference to your real estate transaction, because each transaction is unique, with different set of players and circumstances.  But I will confidently tell you, I am customer service oriented and fiercely loyal to my client's interests, so there will be a noticeable difference.  New construction is often perceived as a home purchase where the Realtor does not play much of a role.  Here is a story about how I helped a client with their new construction purchase in Applecross.  

We all know that the builder makes most of their money on upgrades...structural and design center upgrades.  This is one client who actually listened to everything I had to say.  (strange... even my own family doesn't do that!)  Valerie and Swapnil Kulkarni, bought this lovely house on my recommendation - the model, the lot, the upgrades.  2 years later, they called me to say they had to sell their home due to a job transfer!  Now, anyone who does real estate knows, that it is very very difficult to recoup purchase price within 2 years.  However the market was in our favor, the recession had ended - Downingtown schools and the Applecross neighborhood were both becoming popular.  I stopped by their home to give them an estimate for what their home would sell for.

As I walked around, I noticed that they had just the right kind of upgrades - not too much that one could not recover the amount put into them, and not too little to make the house look dull, drab an unattractive.  As I remarked on that - both burst out laughing saying... Bela, you don't remember, but we listened to every thing you told us at that time!  Long story short - we sold their home at 414k. Even after meeting all closing costs and Realtor fees, the Kulkarnis walked away with a tidy profit!

This is what they sent me from N Carolina :)
They know I love chai and love playing cards.....this mug reveals itself as I pour the hot liquid in it.




Tuesday, June 28, 2016

Coming Soon - 1110 Harding Cir, Chester Springs

 
 

Well Maintained townhome for Sale in Windsor Ridge, Chester Springs.  End unit
$400,000.  3 beds 2.1 baths, unfinished basement.

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin

Wednesday, June 1, 2016

Lifetime clients...always my goal


Introducing Amanda, a lifelong client ...

I initially met Amanda at an Open House and helped her buy her first home with her now ex-husband. Here is the review she wrote back then -

Bela was an excellent real estate agent for my husband and I who just purchased our first home together! Bela was very personable when we first met her at an open house and we knew right away we wanted to have her as our agent. She was very meticulous in sending documents and communicating what needed to be done to ensure a deal was made. She was on top of everything, which let my husband and I not have to worry so much and knew we could trust Bela to get everything done and make sure we got a great deal on a great house! Thanks, Bela!

Last year, the Amanda and her husband decided to part ways.  When the couple needed title transfers during the divorce, they reached out to me, and worked with our super efficient inhouse title agent Patty Pickard.  A huge shout out to Patty who does all my buyer closings and leaves me worry free.

Now, newly single, Amanda decided to buy a nice townhome.  Having done her last house hunting with a super analytical, engineer husband, she was a little intimidated by the process at first.  However, she asked a lot of questions, did her due diligence and patiently waited for the right house.  During this process, her trust in me and the advice I gave her, was incredibly flattering.  

This is what she wrote on my Zillow Review this time around.

Bela was great. This was my first home purchase on my own and she was patient with explaining how things work and finding just the right house for me. I felt like she was looking out for my best interests and listened to what I wanted and needed. I would highly recommend!

I know when it comes time to upgrade or move on, or anything real estate, Amanda will be giving me a call. This is exactly the lifelong relationship that I seek when I give my top notch service to every single client,

Thank you Amanda for your trust - simply makes it all worthwhile! Read about my other Success stories here.

Bela Vora, REALTOR®,
Coldwell Banker Preferred - Exton Real Estate.
Office: 610 363 6006; Cell: (484) 947 3127
Website - Search Homes
Read my Reviews on Zillow  |  Facebook  |  Linkedin