RE/MAX Associates of Lancaster Changes Name to RE/MAX Pinnacle

Lancaster, PA (December 4, 2017) – Earl Shirk, President and Broker of Record for RE/MAX Associates of Lancaster, announced today that the company has officially changed its name to RE/MAX Pinnacle.

Shirk explained that “the new name would more accurately reflect the evolving state of the company’s real estate brokerage business in South-Central Pennsylvania.”  He continued, “Over the past decade, our business has grown well beyond the geographic boundaries of Lancaster County.  In fact, this past year, we assisted clients with their real estate needs in six counties across the mid-state.”

The management and ownership of the company remain intact as well as the experienced agents which have built their reputation in the region as an industry leader.  The company has four, strategically located offices in the region: Lancaster, Elizabethtown, Willow Street and Hershey.  Last year, the average RE/MAX agent with the firm generated over twenty transaction sides which more than doubles the industry average for production.

RE/MAX LLC is a global real estate franchise network that was established over 40 years ago and has steadily grown into the global leader in residential home sales.  RE/MAX franchises can be found in over 100 countries around the world and employ 111,000 agents.  In 2016, MMR Strategy Group found that RE/MAX was number one in brand name awareness among buyers, sellers, and those planning to buy or sell real estate in the near future.

RE/MAX is the #1 Real Estate Franchise in the US – – Again!

Franchise Times Top 10 - 2017
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RE/MAX was once again a top 10 franchise and the leading real estate franchise for the 9th consecutive year in the annual Franchise Times Top 200+® survey.  This put RE/MAX at the same level of other household names such as Marriott Hotels, Ace Hardware, and 7-Eleven.

RE/MAX was also ranked #2 for total sales volume growth and #8 for unit growth.  The average sales growth of the Top 10 companies was 2.8% – RE/MAX grew by 11.8%.

Lancaster County’s September Real Estate Market – By the Numbers

As we wave goodbye to the 3/4 mark in 2017, the beautiful fall foliage is rapidly appearing all around us.  There have been lots of interesting developments on the real estate front this past year.  The market that has shown a steady recovery from the Great Recession which has been good for Central Pennsylvania.  Let’s take a look at the numbers to see what they reveal.

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2017 09 September Market Stats - Avg Sales Price

The average sales price year over year shows prices are up 4% to just over $206K.  This relatively modest appreciation rate is good news for sellers who are slowly recovering the lost equity from the economic downturn.  This number should also send a message to potential buyers who are on the fence about purchasing.  Waiting to buy equals higher prices and interest rates that are potentially on the rise (more on this later). Continue reading

eClosings Are Coming to Real Estate Settlements Sooner Than You Might Think

Real estate settlements in Pennsylvania have always been an emotional event for buyers and sellers.  It’s a time for beginning a new chapter in a buyer’s life or the closing of a book for the seller.  In most cases it is a relatively joyous event when a property transfers to a new owner.

But one of the pain points of a real estate settlement is the actual event itself.  Between trying to coordinate everyone’s schedules (i.e. buyer, seller, buyer’s agent, seller’s agent, title company, attorney, mortgage lender, babysitter for the kids, travel to the location, navigating traffic, etc.) to signing a pile of paperwork, it’s not as fun-filled as you might have imagined.

But all of this is about to change . . . and in a big way!  eClosings are coming to a real estate settlement near you. Continue reading

Lancaster County Real Estate Market Statistics for August 2017

Another successful year of Lancaster Barnstormer baseball is almost in the books.  It’s been quite a ride this season with two games left with the division-leading York Revolution and two games back in the standings.  Let’s hope they can squeeze out the final pair and force a playoff.  Now for the numbers – – –

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After a steady rise in average sales price over the past couple of years, August saw the first decline in a long time.  Not to worry.  Sales activity is still steady but home buyers are more active in the lower price ranges which has caused the average sales price to dip just a bit.

On the national front, the Case-Shiller Index of national home prices continues to reflect a healthy housing industry with no major red flags on the horizon. Continue reading

Should You Consider Private Flood Insurance?

Thirty years ago, when I was starting my real estate career, I met Bill Ross and his wife Hope and had the privilege of helping them sell their home in Lancaster County.  Since that time, Bill has become a managing partner of Ross Insurance Agency and spurred its growth to one of the premier, independent insurance agencies in Lancaster County.

Over the past month, we have witnessed the devastating damage caused by floodwaters in the state of Texas.  Many of the images we have seen are of quaint residential neighborhoods that were destroyed by the torrential rain dumped on this area by Hurricane Harvey.  What is even more astounding is that most of these flooded areas are not in a flood zone as defined by the government. Homeowners are left wondering, “Could this happen to me?”

Bill recently wrote an article that appeared on the Lancaster County Association of REALTORS® blog, “Closing Comments”, that I thought was both interesting and informative.  Hope it provides you with valuable insight and helps you determine whether private flood insurance is something you should consider. Continue reading