Take a video tour of 205 Juniper Rd in Havertown…$247,000

205 Juniper Rd, Havertown, Pa 19083.  Beautifully renovated twin located on a cul-de-sac and backs up to a lovely park.  Being offered for $247,000.  More pictures coming soon!  Contact me if you are interested.  Laurajlaws@gmail.com or 484-985-5222.

  • Renovated Kitchen with granite and stainless steel
  • Hardwood Floors throughout
  • Finished Basement
  • Updated Electrical system
  • Updated Plumbing system
  • New Washer and Dryer
  • New vanities and toilets
  • New gutters
  • New garage door

Paperwork needed to make an offer on a house in Pennsylvania

Watch the video to go through the 5 forms needed to make an offer on a home in Pennsylvania:  Preapproval, Consumer Notice, Buyer Financial Information Sheet, Seller’s Disclosure & Agreement of Sale.  A brief description of each form and then a brief overview of going under contract.

There are a lot of buyers in the market looking for their first home.  They have lots of questions.  It’s no wonder with so much to consider…how much can you afford? how much cash do you need? how quickly do you have to make a decision? what is the best strategy to negotiate? when do you get the keys?  There is a lot of pieces to the home buying puzzle!

PREPARING FOR THE HOME BUYING PROCESS:

Area?  Consider your maximum commute to work.  If it is your dream home are you willing to make a longer commute?  Research school districts.  Schools are a big consideration in this area and they have a huge impact on resale values.  However, you may get a better deal in school districts that are rated lower.  If you have children go and tour schools & talk to school administrators ahead of time.  Property taxes.  Property taxes vary greatly by county and school districts and they have a huge impact on your monthly housing payment.  Consider property taxes when looking at areas.

How much can you afford?  Most likely you will be approved for more than you are willing to pay a month.  So take a close look at your budget.

If you are looking at a $300,000 purchase with an FHA loan & a 3.5% down payment your monthly payment will be somewhere around $2,000/month.  If your current rent is $1500/mo. then each month take that difference and put aside $500 in savings.  See how comfortable you are with the $2,000 payment each month.  Many people are surprised when they carefully look at their budget that they can find an additional $200-$300/month by doing this.

How much cash do you need?  The minimum amount of cash needed for most buyers to buy a home is 3.5% of purchase price.  This is an FHA loan and the seller can contribute up to 6% of the purchase price for your closing costs.  On a $300,000 loan that amounts to $10,500.  You’ll also need cash for inspections ($350-$1200) and an appraisal (about $450).  You can also get a gift for the down payment.  There are loans with 0% down like VA and USDA but you’ll need to speak with a lender to see what the requirements are.

Tax Advantages!  (I am not a tax accountant so consult your tax accountant for actual numbers)  You can deduct your property taxes and interest on your loan from your income taxes.  So, if you are paying $4,000/year in property taxes and $900/month of interest then you can deduct $14,800/year.  If your effective tax rate is 15% then that is a tax savings of $2,220/year.  Also, the principal of the loan is being paid down every month.  Why pay your landlord’s loan when you can be paying down your own loan every month?  Stop giving your landlord all your money!  Here’s more info from turbotax on this:  Click Here

Get Preapproved.  Talk to a lender about your credit score, income and debt and they can preapprove you for a loan amount.  You are not required to use this lender for your loan.  Once you are under contract on a home you can shop around for the best rates.  You want to talk to a lender ASAP to make sure there are no issues that would prevent you from getting a loan.  If your credit scores are low you can most likely clear those up in 6-12 months by paying down debts or getting your income up.

MLS Automatic Search.  Right away I like to set buyers up on an automatic search within their criteria.  Even if you are waiting 6 months to buy it’s a great way to get to know the market and what you can get for your money.  All I need is your price range, the area, minimum amount of bedrooms and any must haves.  You will get emails as soon as a new home hits the market or if there is a price drop.  Our MLS system is the multiple list service that realtors use to market and list homes for sale.  It is the most accurate information and homes hit this about a day or two before other real estate websites (Zillow, Trulia etc…)  I do recommend setting up an account on Zillow and the homes that catch your attention you should then save them and keep an eye on them.

As a buyer’s agent I am here as your advisor.  You are the boss and make all the decisions!  I’m here to help you make smart decisions.


3 Smart Home Security Devices-all under $400

3 must have smart home devices for security and safety. All 3 under $400. Check them out on the video and links below:

Ring Video Doorbell: http://amzn.to/2tdABpB $149
Kwikset Smartlock: http://amzn.to/2sgaL7f $122
Nest Protect Smoke & Carbon Monoxide Alarm: http://amzn.to/2rSK8om $119

Other items we have installed in our SmartHome:
Amazon Echo: http://amzn.to/2f6QJpy
Amazon Dot: http://amzn.to/2l0V7VM
Echo Remote: http://amzn.to/2fBr34U
Wink Hub: http://amzn.to/2fBrjAU
Lutron Dimmers: http://amzn.to/2f9Qckk
iHome Outlet: http://amzn.to/2eaAumZ
Nest Camera: http://amzn.to/2f6SKSx
GE Smart Lightbulbs: http://amzn.to/2fBRnfo
Amazon Prime Membership: http://amzn.to/2eCDSdO

If you are looking to buy or sell a home in the Southwest suburbs of Philadelphia you can contact me at Laurajlaws@gmail.com or call or text at 484-985-5222. Thanks for watching!


Quick Tip Tuesday: Pitfalls in a Real Estate Transaction

Quick Tip Tuesday. Pitfalls in a real estate transaction. 4 common pitfalls that are the most common in a real estate transaction.

1. Inspections
2. Appraisals
3. Loan Approval
4. Walkthrough

If you are looking to buy or sell a home in the Southwest suburbs of Philadelphia you can contact me at Laurajlaws@gmail.com or find me at LauraLaws.com. Thanks for watching!


For Sale By Owner checklist: 8 Steps for FSBO

  1. Price your home.  Look at recent sales.  Make sure your square footage is correct when comparing to recent sales.
  2. Get your home ready to sell.  Clean.  Declutter.  Stage.
  3. Put out a sign.  http://amzn.to/2qAFDiZ $16 on Amazon.  Put your phone number, email and a website on the sign.
  4. Make an extra key and put it in a lockbox on the front door.  http://amzn.to/2rEsIwH  $23 on Amazon.
  5. Get a professional to take pictures.  Go a little further and get a walkthrough video and drone shots.
  6. Put it on Zillow as a For Sale By Owner.
  7. Find a company that will list it on the MLS for a flat fee.
  8. Schedule an open house through the MLS and Zillow.



100 Forelock Ct. Walkthrough Video

100 Forelock Ct. West Chester, Pa 19382 for sale. $469,000. Call/text Laura at 484-985-5222. Smart home technology throughout. Most private townhouse in Brandywine at Thornbury with many updates.

Beautiful Chester County sunsets from your deck & patio. Smart home technology throughout. Control your indoor & outdoor lights, front door lock, cameras, video doorbell & HVAC through your phone, voice controlled Amazon Echo or the in wall control pad. This bright, spacious NE facing end unit townhome with 2 car garage, first floor master suite and finished walkout basement has a long list of upgrades. Here are a few: custom staircase with panelled wall, wainscoting in dining room, refinished hardwood floors, professionally painted throughout, new carpet in Master bedroom, lighting upgraded throughout with smart bulbs, oil rubbed bronze hardware (no builder’s grade brass), remodeled powder room, new refrigerator, new air conditioner, new hot water heater & new fence and landscaping. Low taxes. Low HOA. Wonderful community with pool, playground, basketball, tennis & walking trails. Great location with easy access to highways and quick ride to Philly airport.


Coming Soon 100 Forelock Ct. in West Chester

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Coming soon. 100 Forelock Ct West Chester, PA 19382.  Smart Home technology throughout. Many upgrades. Most private town home in Brandywine at Thornbury.  3 bed/2.5 bath with loft. 2 car garage. Finished walkout basement. 2810 SF & 737 SF basement. $469,000 contact me at 484-985-5222 or laurajlaws@gmail.com