REALTORS® Property Resource (RPR) – A Powerful Tool for Today’s Real Estate Agent

The National Association of REALTORS® data product is a powerful resource for real estate agents that know how to harness its information.  Here is a presentation that will introduce you to the program and give you an overview of its unique features and comprehensive reports.

All the best!

The Clock is Ticking

A User’s Guide to Meeting the 14 Deadlines in the Agreement of Sale

When a property goes under agreement, Buyers and Sellers typically breathe a collective sigh of relief.  Real estate agents on the other hand know that the true work is just beginning.

If a standard PAR (Pennsylvania Association of REALTORS®) agreement of sale is used in a transaction, there are 14 deadlines that must be met in order for the parties to be in compliance with the terms of the agreement.  Missing any one of these deadlines can have dire consequences to the party that fails to live up to their end of the bargain. Continue reading

Folio for Gmail – Yea!!!

I’m not one to usually endorse services or products on my blog but I stumbled upon a Gmail extension the other day that I have to trumpet to my fellow real estate agents.  It’s called Folio.

Any agent that has ever processed a real estate transaction from start to finish knows that trying to keep track of all the paperwork, emails, conversations, deadlines, and notes is a daunting task.  The developers of Folio, Amitree, apparently felt your pain.  Here are some of the features that make this extension special:  Continue reading

Lancaster County Real Estate Market Statistics for February 2017

And you thought Old Man Winter had taken a vacation.  I think it was just a coffee break before he decided to really get to work.  Oh well, on to the numbers.

(Click on any of the charts to enlarge and/or download)

2017 02 February Market Stats - Avg Sales Price

A steady rise in average sales price bodes well for the real estate industry.  This past month, the benchmark inched closer to the $200,000 mark and was up 4% over last year at this time.  Homeowners across the board are finding that the equity in their homes that had been lost during the Great Recession, is making a steady comeback.  In fact, according to Core Logic, just over 1 million borrowers moved out of negative equity during 2016, increasing the percentage of homeowners with positive equity to 93.8% of all mortgaged properties, or approximately 48 million homes.  As the economy strengthens, this will only get better.  Continue reading

A lot happened in the Lancaster County business world this year that will help shape its future for decades to come.  Real estate made a huge comeback with residential housing leading the way.  More consolidation in the banking industry and new entrants into the market vying for customers’ attention.  Lots of approved expansions in local health care facilities.  And on top of all that, you can now buy your favorite adult beverage at local grocery and convenience stores.

Read the Top 10 business stories of the year here as published by Lancaster Online.

All the best!