Tag Archives: allegheny Twp

New Changes for Home Buyers

Yesterday I was at a meeting regarding new changes in the home buying industry. There is a lot to know for all parties involved in the process and starting October 3, 2015 (unless it is delayed again), there will be new waiting periods in the buyers paperwork for the mortgage due to the requirement to re-disclose new or updated information to the consumer.

The CFPB (Consumer Financial Protection Bureau), has initiated new waiting periods to protect the consumer/home buyer. If a loan is originated before October 3, 2015, it will fall under the current rules.

So basically why is this important? Because it can affect your closing date. This is really MY main concern for both my buyers and sellers. I will tell you that if you have all your life’s belongings in a truck and you are thinking you are driving it right over to the next house, hmmm, maybe not. This can and does happen now (on occasion for various reasons) but the risk from what I am seeing may be higher.

Ok, my point is if you are buying a home after October 3, 2015, (and you are not paying cash) you need to have good people working with you can keeping up on paper work. Buyers and sellers also need to diligently participate with the process. A buyer needs to get info and paper work to the lender as soon as possible. Do everything they tell you to do and what they tell you NOT to do. ( Don’t go buy new furniture on your credit card before you close or anything else large for that matter like a new car – it will change your debt to income ratio if you are right on the edge – just don’t do it!) You can buy the furniture or whatever after you close. Your credit and employment is checked again before closing.

So one of the things that can trigger a re-disclosure: If the fees to the buyer changes more than 1/8 of a percent at a certain point, it can trigger a re-disclosure. If this re-disclosure is with in 3 days of closing, hmmm, your are not closing on your scheduled date. This is one example of a re-disclosure scenario. Now I was also told that all banks do not do 3 days some may make it as late as 7 days. If the buyer does not have access to email then it will be the later time period.

One of the lenders that I work with is trying to make this process as smooth as possible for the buyers and everyone involved.

Attached are a few videos to explains some of the process. If you have bought a home before, then you may be familiar with terms and paper work that is mentioned already. If not you will be seeing it, if you are buying a home. Make sure you surround yourself with good, efficient, and knowledgeable people. You will be fine.

I do not necessarily endorse the companies providing information in this video.  The buyer is free to choose their own lender and closing/title company.  These video were made with the original deadline date of August 1, 2015 which has since been delayed to October 3, 2015 of of this blog entry.

 

 

New McDonald’s on Hyde Park Rd, Leechburg, PA – Opens Today!

Today was the big day in Leechburg, PA near my office. The newly built McDonald’s opened. As I drove by later in the afternoon today, the place was packed (not an open parking spot) and people were lined up around the building for the new double drive-in. On September 1, 2009 the old McDonald’s on Hyde Park road was torn down along with a vacant Long John Silver’s building. From start to finish in less than three months.

As I stopped to get get photos last night, the freshly new place was perfectly lit up. There were young kids hanging out already by the door and some had duffel bags. I thought rather strange. Later after talking with some locals, I heard unconfirmed reports that the first 100 people in the door would get free Big Macs for a year. Rumor also has it that it is one of the most high tech McDonald’s in the area.

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Photos Copyright, 2009Â Â Amy S Myers Photography

McDonald’s
451 Hyde Park Rd
Leechburg, PA 15656
(724) 845-2035

Would You Want a Home with This Inclusion?

This morning the agents in my office visited a few new homes that came up for sale.  It is an older home great shape but needs some updating and would make a great starter home. It has two full baths, brick, and is cape cod style. There is another home on the property that has two bedrooms, block building, real cute, would make a great rental. Both are located on a 1.6 acre lot. The property has plenty of level area for picnics or playing but over in the corner is . . . . a cemetery. It is a quite interesting. Would that keep you away or give you interest in buying? There appears to be about maybe about twelve grave stones. The stones date as far back as the 1700’s. It is surprising that you can even read some of the stones.  I was able to snap a few with my cell phone. This property is only maybe about 2 miles from our office. It comes with a cute stove too.

So in summary:Â Two homes (a two and a three bedroom) on 1.6 acres and a cemetery for a little over $100K.

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Homebuyer Tax Credit Window is Ticking Away

The days and hours are ticking away for the homebuyer tax credit. Have you pick a house? Activity is picking up fast. Keep in mind that you have to approximately October 1, 2009 to get a property under contract with a seller.   It will take approximately 6-8 weeks to close.  A homebuyer needs to close on their home by November 30, 2009 to qualify for the government homebuyer tax credit. Keep in mind there is a holiday in this window and loan officers will not be available during this time. The 6-8 week period is an average processing time as long as things go smoothly. So if you have your eye on that house or are sitting on the fence, jump off and get running. You have about two weeks left.

Additional Tax Credit Info

The Joys of Home Ownership

My current housing lot came with heavy brush and several trees. When we first moved in, we had four plus dump truck loads taken out to make room for a lawn. We left several feet to the back line uncleared so we could deal with it later. Well one of the later moments did come this weekend after a few years. One tree that I had been watching for a few years decided not to sprout any leaves and was becoming quite an eyesore and possibly a safety issue. During the last two years the woodpeckers were starting to heavily feast on it and piles of ant dust were forming around the bottom of the tree.

Our buddy Tom arrived later in the afternoon and graciously brought his amazing chainsaw. My husband rigged the tree up with tow straps from our jeep to help guide the tree to fall in a safe spot – with out harming any neighbors or their property. 🙂

The tree came down as planned and Tom, my son and husband got it all chopped up in a matter of minutes all ready for the fire pit. I can smell the campfire now. We are all ready for some marshmallows and s’mores tonight.

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Spacious Colonial on Two Country Acres

This two story home is an exceptional buy. The long driveway leading to this spacious home on two acres is pleasantly inviting. Relax on the font porch or lounge on the back porch near the pool. There is lots of room to run and play. The down stairs has a wonderful open floor plan. There is a first floor mud/laundry room next to the large garage. Perfect for keeping all the dirt from coming inside. The garage has additional storage above the parking area. The kitchen is newly remodeled with hardwood floors. The carpet throughout the house is in excellent shape. Sprawl out in this four bedroom, two and a half bath home that is ready for immediate occupancy. There are also three finished rooms in the basement ready for business or hobbies. The home also has newer windows and a home warranty. It is a must see! Recently reduced to $249,900.

Contact me to view today!

433 Markle Rd
Allegheny Twp
Apollo, PA 15613

MLS#758965


Virtual Tour

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