Monday, December 5, 2011

Rumor on the street ... only 1 builder in Byers Station?

Rumor on the street is - Orleans Home Builders, that has just completed a phase of their townhome sales in Byers Station, will be buying out Toll Bro.s' interest in that neighborhood.  Which means - in another year or so, Toll Brothers will phase out their construction and Orleans will take over the rest of new construction at this community.

What does that mean for buyers and sellers looking to buy or sell a home in this popular Chester Springs community?

Buyers  ....
Currently you can buy an Orleans single family home and Toll Bro.s townhome as well as estate home - but maybe in another year or so - Orleans may be the only option.  If you like the Toll Brothers models or prefer that builder - now is the time to get in.   If you are indifferent to the builder but do not like the current Orleans lots and prefer a different price point - wait a bit.  Their next phase may have flatter lots and different price points that may suit your budget better.  However, no guarantees for the interest rates staying at their current lows.

For Sellers - 
If you live in that community and would like to sell - if you have a Toll Brothers home, you will have less competition.  There will not be any new construction for your model, so maintain your home well, and keep it 'move in ready' to appeal to the new home buyer, and you have a slight edge.  This ofcourse means the situation will be reversed for an Orleans home seller.  You can hope that the builder will sell different models in price ranges that do not directly compete with your model.

See some pictures of the community at Byers Station.
Feel free to reach out if you have any questions.  I will be happy to connect you with buyers and sellers in Byers Station who will share their experience about living in this wonderful Chester Springs neighborhood.

Bela Vora, REALTOR®, 
Coldwell Banker Preferred - Exton
Office: 610 363 6006; Cell: (484) 947 3127
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  2. Thank you for this blog. Thats all I can say. You most definitely have made this blog into something thats eye opening and important!

  3. You are very welcome Jonathan. I have lived in this area for many years and am very familiar with the local neighborhoods. If you or your friends and family need real estate advice - feel free to reach out.