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How to Price a home in this market

I get the question a lot, how should we price our home in this market? Well this might be bitter tasting medicine, but this is not the time to price your home at a price that you could be fishing for someone in a different pond. I’m won’t tell you what to do when we price your home, but I will tell you what I think.

“People looking for  a size twelve don’t look in the size 8 shoe rack”

Price your home competitively, if your home has 10 similar competitors on the market, you should at least be in the top three if you would like to sell your home in a reasonable amount of time. When things really get under way in a few weeks, you don’t want to be left on the shore when the boat leaves.

This spring should be a great market, I’ve been running like crazy getting people ready to buy and sell in the coming months. Probably about double the amount I had this time last year. I’m confident this spring will start with a bang in our real estate market.

Giving up? Selling off those investment properties?

Real Estate has plenty of ups and downs, this year has been serving them left and right in our economy and in our real estate market. As an investor the outlook has gone from grim to much better. I encounter lots of investors who bought at the height of the boom and now are stuck with investment properties that aren’t what they would buy in today’s market. Let me give you a few tips to maybe lessen the burden of keeping some of those properties.

  • Keep them up to code, property violation fines are costly and unnecessary. Have regular inspections done to assure you’re up to code.
  • Keep good records
  • Shop for the best price and quality of work, the cheapest isn’t always the best which you probably already know, avoid doing the job twice
  • If you are financially distressed without prescription and need to unload some of your property due to rising cost of ownership, a short sale could be an option (this is not a quick fix and should be handled by a pro)
  • Don’t let this market paralyze you, if you’re capable of buying without betting your home, do it
  • Network with other people to find people who know what they’re doing, the real team players
  • Just make it happen
Stay the course and weather the storm, we’re all in this boat together!
Alex Reedy

Manheim Township Home Near School, Priced to sell

Address: 439 AMESBURY ROAD LANCASTER , PA 17601
List Number 155622 List Price $ 179,900
Type of Property Residential Status Active
County Lancaster Total Bedrooms 3
Total Bathrooms 2.00 Total Acres 0.24
Total Full Baths 1 Year Built 1978
Total Half Baths 1 Existing/New E
Zoning 1 CM-614 Zoning 2
Loc/Dev School Valley Farms Mun/Twn Manheim Twp
School District Manheim Township Fin SqFt Above 1080
Fin SqFt Below 400 Unfin SqFt Above Grd
Lot Size Assessment $ 126,400
Total Taxes $ 2,763.86 County Tax $ 431.78
Municipal Tax $ 240.16 School Tax $ 2,091.92
Elementary School Neff Middle School Manheim Twp High School Manheim Twp
Franklin Map Page xxxx Franklin Map Column x Franklin Map Row xx
APN #/Tax Parcel ID 3905083000000 Deed/Ref # 5297137 Disclose Terms/Cond No
Directions: 501N through Neffsville, TR onto Oregon Rd, TR onto Ashford, TL onto Long Meadow, TL onto Amesbury Rd.
Public Remarks: Quiet neighborhood. Manheim Twp Schools. Large yard, 2 car garage, 3 bedrooms & 2 baths. Great place to raise a family. Newer carpet. Fishpond. Very warm home.
Design: Other – See Remarks
Stories: 1.5 Story
Type: Detached
Condition: Good
Interior Features: Built-in Dishwasher; Skylights; Smoke Alarm
Dining Area: Formal Dining Room; Living/Dining Combo
Miscellaneous Rooms: Laundry Room
Basement: Finished; Partial; Walk-out
Fireplace: Family Room
Heat: Forced Air; Oil
Auxiliary Heat: Fireplace
Cooling: Central Air
Water: Public Water
Hot Water: Electric
Sewer: Public Sewer
Lot Description: Level
Lot Size: Less Than .25 Ac
Fencing: None
Parking: 2 Car Garage; 4+ Car Garage
Access/Limitations: Public Road
Age: 31 – 40 Years
Construction: Stick Built
Exterior: Brick; Vinyl
Roof: Composite Shingles
Misc Exterior: Deck; Insulated Windows; Outbuildings; Porch;Shed
Zoning: Residential
Miscellaneous: # Fireplaces: 1; # Off Str Prking Spc: 4
Financing: Conventional; FHA; VA
Documents Available: Sellers Disclosure
Room Name Room Level Dimensions Flooring
Living Rm Main 14 x 12 Carpet
Dining Rm Main 11 x 9 Carpet
Family Rm Lower 25 x 12 Carpet
Kitchen Main 12 x 11 Ceramic Tile
Laundry Rm Lower 7 x 5 Concrete
Room Name Room Level Dimensions Flooring
Bedroom 1 Main 15 x 11 Carpet
Bedroom 2 Main 14 x 11 Carpet
Bedroom 3 Main 10 x 10 Carpet
Bath 1 Main 11 x 5 Ceramic Tile
Bath 2 Lower 6 x 5 Vinyl
Reserve Fee No
Provided as a courtesy of
Alexander Reedy
Prudential Homesale Svcs Group – N.Pointe

150 North Pointe Blvd
Lancaster,PA 17601
cell – (717) 538-3910
Office Phone – (717) 286-9607 ext. 9607
alexreedy@gmail.com
http://www.alexreedy.com

Listing Office: Prudential Homesale Svcs Group – N.Pointe
Phone: (717) 295-4663
Information is deemed to be reliable, but is not guaranteed. © 2009 MLS and FBS.
Prepared by Alexander Reedy on Monday, November 16, 2009 11:08 AM
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants, and their affiliated licensees, shall indicate on their websites that IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2005 Keystone MLS Network, Inc.
The information on this sheet has been made available by the MLS and may not be the listing of the provider.

$69,900 5 bedrooms Charming Lancaster City Home

Address: 37 S ANN STREET LANCASTER , PA 17602
List Number 156204 List Price $ 69,900
Type of Property Residential Status Active
County Lancaster Total Bedrooms 5
Total Bathrooms 1.00 Total Acres 0.04
Total Full Baths 1 Year Built 1900
Total Half Baths 0 Existing/New E
Zoning 1 RESI Zoning 2
Loc/Dev Mun/Twn Lancaster City
School District Lancaster Fin SqFt Above 1966
Fin SqFt Below 0 Unfin SqFt Above Grd
Lot Size Assessment $ 55,300
Total Taxes $ 2,008.27 County Tax $ 188.90
Municipal Tax $ 533.09 School Tax $ 1,286.28
Elementary School Verify Middle School Verify High School McCaskey
Franklin Map Page xxxx Franklin Map Column x Franklin Map Row xx
APN #/Tax Parcel ID 337-00008-0-0000 Deed/Ref # 5023510 Disclose Terms/Cond No
Directions: East on King St, R onto South Ann to home on left
Public Remarks: Grand old row home in need of TLC. Bring your ideas to transform this classic row home into quite a place!
Design: Traditional
Stories: 3+ Story
Type: Row Home/Townhouse
Condition: Fair
Interior Features: None
Dining Area: Formal Dining Room
Miscellaneous Rooms:None
Basement: Unfinished
Fireplace: Family Room
Items Incl in Sale: None
Heat: Forced Air; Oil
Auxiliary Heat: Fireplace
Cooling: Window Unit(s)
Water: Public Water
Hot Water: Electric
Sewer: Public Sewer
Lot Description: Clear
Lot Size: Less Than .25 Ac
Parking: On Street Parking
Age: 100+ Years
Construction: Masonry
Exterior: Brick
Roof: Composite Shingles;Metal
Misc Exterior: Balcony;Covered Patio
Zoning: Res/Multi-Family
Miscellaneous: # Fireplaces:1; Electric Amps: 60
Financing: Conventional;FHA
Documents Available:Sellers Disclosure
Room Name Room Level Dimensions Flooring Room Remarks
Living Rm Main 23 x 15 Wall to Wall Fireplace, Original Woodwork
Dining Rm Main 10 x 13.7 Wall to Wall Formal Dining Room
Kitchen Main 10 x 10 Linoleum Eat In Kitchen
Room Name Room Level Dimensions Flooring Room Remarks
Bedroom 1 Upper 13 x 9.5 Linoleum Closet & Porch
Bedroom 2 Upper 11.3 x 10.3 Linoleum Great Space
Bedroom 3 Upper 10 x 7 Linoleum Huge Closet
Bedroom 4 Upper 11 x 16 Linoleum Great Windows
Bath 1 Upper 5 x 6 Linoleum Original Tile & Tub
Reserve Fee No
Provided as a courtesy of
Alexander Reedy
Prudential Homesale Svcs Group – N.Pointe

150 North Pointe Blvd
Lancaster,PA 17601
cell – (717) 538-3910
Office Phone – (717) 286-9607 ext. 9607
alexreedy@gmail.com
http://www.alexreedy.com

Listing Office: Prudential Homesale Svcs Group – N.Pointe
Phone: (717) 295-4663
Information is deemed to be reliable, but is not guaranteed. © 2009 MLS and FBS.
Prepared by Alexander Reedy on Monday, November 16, 2009 10:51 AM
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants, and their affiliated licensees, shall indicate on their websites that IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2005 Keystone MLS Network, Inc.
The information on this sheet has been made available by the MLS and may not be the listing of