Sell Your Home Today!

I have investors with cash looking to buy homes that
would make suitable investments.
They can close in 30 days if necessary.

If you are looking to maximize your homes value then consider
letting me list it on MLS and the internet. You will pay a
minimal commission but obtain maximum marketing exposure.

I can include a FREE home warranty to reduce the risk to you
and your buyer.
Put my 25 years experience to work for you.

Wes Gerstenkorn
Prudential Premier Properties

Office:(610) 328-2400 x11
Cell:(267) 226-4267
Email: wesgerstenkorn@prodigy.net

The time to invest is NOW!

Attention Real Estate Investors!
There a couple of really good reasons to think about buying a property right now.

The first time buyer tax credit will expire soon. First time buyers need to have a signed agreement of sale by the end of April and must close by the end of June in order to qualify for the $8000 credit from Uncle Sam.  That means rehabbers will need to get their homes ready for market very soon if their target market is the first time purchaser.  Another factor is that there are pending changes to FHA that will require buyers to put more money down and also will reduce the amount of the sellers assist from 6% to 3%.  Investors that can move quickly can take advantage of the current buyer advantages that are about to disappear.

Prices are low!  There is an increasing number of attractively priced homes coming on the market. This is due to large number of foreclosures (HUD homes) and an increasing number of frustrated landlords looking to get rid of their troubles.

The bottom line is that there are motivated buyers and sellers out there.  This is an excellent time for the smart investor to make a move.  I have worked with many successful investors and would welcome a chance to discuss the current market conditions with you. Get in touch!

New HUD Foreclosure Listing 1/22/10

Today I looked at 419 Hillcrest Avenue in the Boro of Glenolden.

This is a three bedroom ranch home in pretty rough condition. The list price is $120,000….not bad for the area except for the repair issues. The exterior siding is damaged in several areas, the basement has standing water in it. The kitchen and bath need work.

The location is good (cul- de – sac ) and the yard is large. I expect this will come down in price before it gets sold. Not a good choice for the investor , but could be a good buy for the handy (very) owner-occupant. Lets keep an eye on this one.

I welcome any comments, and certainly any questions about Delaware County investment real estate.
E-mail to: wesgerstenkorn@prodigy.net

Wes Gerstenkorn
Broker/Owner
PrudentialPremier.com
cell# 267-226-4267

Change is coming to FHA

Buyer Beware!  I mean the first time buyer. There has never been a better time to buy than right now! I say this because it is only a matter of time before FHA reduces the maximum sellers assist from 6% to 3%.  They also want to increase the minimum down payment from 3.5% to 5%. The $8000 tax credit will expire later this year, you must settle by June 30.  For full details on that go to PrudentialPremier.com and look under Buyer/Tax Credits.

First time buyers can buy a $100,000 house for only $3500 out of pocket and still get $8000 back after closing.  This is a great deal soon to go away. Make your move now while rates are still low.

I have two excellent homes for first time buyers:
1011 Clifton Ave in Collingdale for $84,900.  This a three bedroom home in move in condition.

601 Colwyn Avenue in Darby for $59,900.  This is a super clean 2BR brick end row with a fenced yard.

Both of these could be purchased (with maximum sellers assist) for less than $3000 out of pocket AND you can still get $8000 back from Uncle Sam.

Make your move today. For more information contact me at 267-226-4267

Wes Gerstenkorn
PrudentialPremier.com
wesgerstenkorn@prodigy.net

Collingdale Handyman

Every day I will inspect and review a property for its investment potential. My opinions are based on my 25 years as an investor, property manager and real estate broker in Delaware County PA.

Today I visited 1018 North St., Collingdale This is a 3 bedroom brick twin that is on the market for $52,900  Its a real fixer upper.  I would plan on replacing the windows, heater, and kitchen for starters. Of concern is the huge tree that dominates the back yard. There is a curb cut for the non-existent driveway. Another issue is the water in the basement.  I would plan on dropping around $20k into making this place live able. Collindgale Borough can be pretty tough on the U&O so plan an some unexpected repairs.  On the bright side, I really like the location. A quiet street, with some singles nearby. The homes nearby have sold in the low $100s, up to $140,000 for something in top notch condition.  If you have the tools, time and talent to some of the work needed then this could be something to think about (for the right price, of course).

Tomorrow, I will look at HUD house in Lansdowne….stay tuned.
I would appreciate any constructive feedback, thanks!

Wes Gerstenkorn
Broker-Owner Prudential Premier Properties (Springfield)  ,
visit  prudentialpremier.com
or contact me at
wesgerstenkorn@prodigy.net
my cell is 267-226-4267

Next Page »