Main Line Homes Blog

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Michael Main built home in Villanova area of Lower Merion just listed

Michael Main built home in Villanova area of Lower Merion just listed. Harriton High School, Welsh Valley Middle School and Gladwynne Elementary are the local schools. First time on the market since the original owners purchased the home in 1989, recently remodelled and updated, new roof, new windows, wine cellar and tasting room, updated bathrooms. See full details

Villanova home for sale

But one of the things that really makes this home great is the location on a quiet and peaceful cul-de-sac off N. Spring Mill Rd. Set back from major roads and surrounded by trees and professional landscaping this home is really quiet.

To top it off the owners have also added the most amazing wine cellar and Tuscan style tasting room. Not only can you store your wine in the temperature controlled cellar, but you can enjoy it with friends in this very romantic tasting room.

Villanova home wine cellar and tasting room

See all the details of this home and set up an appointment with us to tour this home privately.

0 commentsNick & Trudy Vandekar • September 12 2009 09:01AM

Creating your personal decorating plan!

Another interior design post from our series by Deborah Bettcher of Decorating Den Interiors

A beautiful home doesn't just happen.  Good decorating is the result of good planning and should start by developing a comprehensive, detailed decorating plan. 

What should be included in your decorating plan?  Everything that needs to be done, including timing priorities and budget.  It's vitally important to write down everything and be as specific as possible. 

Most people feel they need assistance in creating and implementing their decorating plan.  Professional interior decorators have the talent, experience and specialized knowledge to help you pull it all together.  They can also save you time and money.  After all, the most costly furnishings you will ever buy are the ones that prove to be mistakes!  Here are a few suggestions that will help you understand your own preferences and prepare you to work with a decorator.

Begin by collecting decorating magazines - or design books.  Consider cutting out photographs of furniture, styles, window treatments, color schemes, floor and wall coverings, etc., that appeal to you. 

Then, compile everything you've collected into a notebook and organize it into sections for each room you'll be doing.  If you chose to work with a decorator, your preplanning will make it much easier for you to communicate your likes and dislikes.

Evaluate your present furnishing and decide what you would like to keep, eliminate, and re-do.  Write down the various items in your notebook.  What will be your overall color-scheme?  Does the carpeting need to be replaced?  Which room do you want completed first?  What budget have you established for each decorating project you wish to undertake.  Knowing this information will prove valuable in working with your chosen interior decorator.

And remember - no matter what your lifestyle - your home should be a reflection of your tastes - your likes and your interests!

Deborah Bettcher, Decorating Den Interiors,
Studio:610.964.8403
www.DecDens.com/dbdesign

*Making the World More Beautiful-One Room at a Time*

1 commentNick & Trudy Vandekar • August 26 2009 06:49AM

Things to do in Chester County. Play golf whatever the weather!

One of the things I love about our area is that there are so many things to do in Chester County and the surrounding area. Restaurants, coffee shops, shopping, sports, movies, nature, hiking just to name a few

I recently came across Play-a-Round Golf in Malvern, PA. This is a unique concept that allows you to play golf and stay dry whatever the weather. I met with Steve Graves Sr. the President of Play-a-Round Golf this week and the video below gives a short overview of the facility.

You can use it a sa driving range or play 38 different courses without having to travel. Play-a-Round Gold is having a Fall Harvest Charity Classic for which you can sign up right now. But whatever time you can enjoy a round of golf, wind, rain or shine without getting wet, hot or bothered. Give them a try.

And if you want a home on a local course just give us a call and we will help you find the perfect place.

 

0 commentsNick & Trudy Vandekar • August 25 2009 08:43AM

FREE Buyer Agent. Not really!

Buyers are so used to the services of the buyers agent being explained to them as "FREE, I get paid by the seller!" that they have no loyalty in many cases because agents do not explain the buying and transaction process correctly. Many buyers do not understand that agents are on a commission and do not get paid unless they sell a house and that as a buyers agent they represent the buyer and their loyalty and fiduciary duty is to the buyer..

How about if the buyer paid a retainer, would they select their agent more carefully? What about paying on an hourly basis like an attorney? What fee structure as an agent or as a buyer would you prefer?

Agents representing both the seller and the buyer for many years have been paid by the seller at settlement. This is so ingrained that many people find it hard to look at it any other way. Even with the introduction of buyer agency this has not dramatically changed.

Sometimes it is merely a matter of looking at the issue through a different lens. For example if the buyer does not fund the transaction there is no money to pay the agents. So maybe it is the buyer who really pays for the seller's representative as well as his own buyer's agent.

Whilst it might be a strain to pay the buyer's agent out of pocket, would it be acceptable for the mortgage company to fund the deal with the buyers agency fee included? In a sense they already do. That way the buyer pays for their own agent, allowing for a price reduction in the current scenario, only for that price to be corrected to include the buyer agent. It is actually a wash but for many attorneys a more correct procedure removing any vestige of conflict of interest.

Whilst we discuss buyer agent fees, how about a flat fee rather than a % of purchase price. Do agents really give more care to a buyer of a larger and more expensive house. Whilst the multi million dollar buyer may require and demand different treatment, the care used in the negotiations and the transaction should not alter. What is a fair price for your services?

Open to ideas and suggestions.

0 commentsNick & Trudy Vandekar • August 21 2009 02:30PM

Frequently asked decorating questions.

To continue our decorating series. Any ideas what the universal decorating question might be?   Well, here it is!

 "I want to redecorate but need help picking a color/s.  I just don't know what color/s to use"!

 So, here are a few color tips that I hope you find helpful in beginning the color selection process.  And, don't forget, a professional decorator can provide you with valuable assistance in making these all important color decisions!

  1.  Decide on your dominant color.  You might want to repeat that color elsewhere - at least once.
  2.  Use colors unequally for better color proportion and balance.
  3.  Color-connecting adjoining rooms is a must!
  4.  Stay with light colors for a feeling of spaciousness.  Lighter color tones reflect light rays instead of absorbing them.
  5.  Bright, strong colors have the opposite effect.  They create a warm, cozy feeling especially in large rooms
  6.  Emphasize desirable architectural details with strong color
  7.  Camouflage architectural defects with neutral paint colors.
  8.  Notice how colors are affected by their neighbors, and be guided by what you see.
  9.  Take wood tones into consideration - they are apart of your color scheme.
  10.  Base your choice and use of warm and color colors on the atmosphere you wish to create.

 I hope these few tips will give you some a bit of knowledge when working on developing your own personal color scheme.  And remember, I'd be happy to help with your selections, as well as help you prevent costly mistakes!

For help with your decorating on the Main Line in Philadelphia call Deborah Bettcher of Decorating Den INTERIORS at 610.964.8403, www.DecDens.com/dbdesign Making the World More Beautiful-One Room at a Time

0 commentsNick & Trudy Vandekar • August 21 2009 09:28AM

Tredyffrin Easttown market statistics for past 12 months

Below are the market statistics for Tredyffrin Easttown (T/E) for the previous 12 months. Days on market have increased during the year although they seem to be dropping currently. Sales volume has dropped, although this also has started to pick up in the past couple of months. Listed volume has decreased recently although compared to last year it is roughly equal. Invnetory accumalation, the time it is estimated it will take to sell a house if no more houses were to come on the market is 7 months, 6 is considered balanced, neither buyer or seller market. There are currently 286 home son the market in the school district. Houses are selling for about 92-93% of asking price, although this number may be skewed slightly if agents relist a home at a lower price rather than reducing the price.

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Aug 2009

27

12,406,600

459,503

8

28

16,282,800

581,528

50

July 2009

74

45,824,649

619,252

43

55

28,134,419

511,534

61

June 2009

86

53,532,324

622,468

55

64

32,261,945

504,092

54

May 2009

89

63,945,449

718,488

68

32

10,908,786

340,899

63

Apr 2009

112

68,112,744

608,149

42

26

10,013,400

385,130

59

Mar 2009

83

56,632,600

682,320

36

19

6,102,974

321,209

90

Feb 2009

70

42,497,695

607,109

38

40

16,961,775

424,044

26

Jan 2009

70

38,194,076

545,629

24

33

14,573,894

441,633

93

Dec 2008

30

18,946,872

631,562

24

33

14,315,475

433,802

60

Nov 2008

42

19,309,488

459,749

32

30

16,733,000

557,766

78

Oct 2008

69

50,491,620

731,762

32

38

20,994,320

552,482

73

Sep 2008

100

63,634,517

636,345

39

52

25,302,005

486,577

62

Aug 2008

72

42,772,400

594,061

46

67

37,637,286

561,750

59

 

 

 

 

 

 

 

 

 

Totals:

924

576,301,034

623,702

487

517

250,222,079

483,988

62

  

  

  

  

  

  

  

  

  

 

Inventory Accumulation for the Last 12 Full Months

  

  

  

  

  

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

286

235,271,010

822,625

40

7

*Current Inventory is based on the actual available properties on the date this report was created.

**Average Monthly Sales is the average sales for the last 12 full months

***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

 

  

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices

Maximum Prices

Average Prices

Original List Price : $129,900

Original List Price: $4,999,000

Original List Price: $522,551

Sold Price : $111,000

Sold Price: $3,875,000

Sold Price: $483,988

 

  

 

 

0 commentsNick & Trudy Vandekar • August 18 2009 09:27AM

What happens when a lender can’t produce the original note?

Lots of good issues raised here and I presume they apply across state borders. Especially important to note is the part at the end of the original post about short sales and who you are negotiating with and whether they truly have the right to approve an offer.

Via Rick Misitano (Law Offices of James M. Bosco & Associates):

A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” and we want you to know this is not a mere technicality that should be treated lightly by the lender or by the Court.

Everyone needs to understand the importance of this issue. When a lender can’t produce the original note, allowing a foreclosure to proceed puts the homeowner at risk of owing that debt again to another party in the future. Therefore, great caution must be taken before a judge can allow someone who can’t produce the original note to cash in on your home.

What if Your Lender CAN’T Produce the Note?

So, what happens when the lender tells the Court it can’t produce the original note, because it is lost? Let’s start with the basics. If a lender wants to foreclose on a property, it has to be able to show that it is, in fact, the appropriate person to whom the money is owed. That right to foreclose belongs ONLY to the person who has legitimate POSSESSION OF THE ORIGINAL NOTE - not a copy, not an electronic entry, but the original note itself with the original signature of the person(s) who allegedly owes the money along with appropriate raised notary seal and signature. So, if you are faced with a foreclosure, you have every right to demand that the person or entity trying to take your property, first prove to the Court that they have the legal right do to so in the first place by proving they have legal possession of the original promissory note.

In my opinion, an original mortgage note is much like legal tender and should be guarded and protected as such by the person holding such an asset. Loosing an original mortgage note is like loosing a $100 bill or a gift card or a lottery ticket. What if I scratched that million dollar ticket and just stuck it somewhere and misplaced it? Do you think I could just show up at lottery headquarters and claim my prize without having the winning ticket? The same principle applies to the person or entity claiming to be the legal holder of an original mortgage note. He who holds the note holds the key.

What the Lender Must Do

What often happens, however, is that the lender claims it doesn’t have the original note, because that note has been lost or destroyed. If the lender is making such a claim, the law requires the lender to prove all of the following under the “Uniform Commercial Code”, which is a set of laws governing commercial transactions that many states have adopted. It contains a specific provision on this subject (Section 3-309) which states that a person can enforce a promissory note without having the original, BUT only under certain limited circumstances.

1. The person or entity has to swear and attest that it no longer has the original note;
2. The person or entity has to prove that it was properly in possession of the note and was entitled to enforce it WHEN it lost possession of the note;
3. The person or entity has to prove it didn’t “lose” possession simply because it transferred the note to someone else (i.e., it’s not really lost); and
4. The person or entity has to prove that it cannot produce the original note because the instrument was destroyed or its whereabouts cannot be determined or it was stolen by someone who had no right to it.

All of these matters have to be definitively proven by the person or entity trying to foreclose on the property. It is not the obligation of the borrower to prove or disprove any of this. The borrower can challenge the right of the person or entity trying to foreclose and demand proof.

The Court’s Important Role

It is up to the Court to determine whether the lender has satisfactorily proven why it no longer can produce the original note. The Court also has to be satisfied that when the original note was lost, the person trying to foreclose on the property had possession of the note at the time it was lost. Until the Court has been satisfied of all of this, the foreclosure cannot proceed.

It is also important for the Court itself to understand that this issue is not merely a “technicality” and the judge should not be satisfied with anything less than full proof of this issue. The Court itself needs to appreciate the fact that if it should agree that an original note has been legitimately lost (and allows the foreclosure to proceed) it is the borrower who is still at risk.

Why? Because incredibly, even if a Court has found that the original note is lost and the foreclosure sale is finalized, if someone later turns up with the original note and proves that it is the proper holder of the note, and not the person who foreclosed on the property, the original borrower is STILL LIABLE.

That’s right. Someone took your home and the Court allowed it because it believed that the lender proved that the note was lost and it was the proper party. Then someone legitimate shows up in the future with the actual note and you still owe that person the money even though your property was taken with the blessing of the Court. Trust me, this is a very serious issue regarding post foreclosures and post pre-foreclosure short-sales. It has happened to three of our own clients! These homeowners had the need to sell their property by means of a negotiated short-sale (so they could avoid a foreclosure) only to find out that the entity claiming to have the legal right and authority to enter into such negotiations and accept such settlements sold their note to another entity and weren’t even aware of it. Several months later, the newly assigned lenders (now claiming to be the rightful owners of our client’s original notes) have since come forward and have also filed suite seeking to recover their entire outstanding principle balances owed to them (prior to the homeowners closing their short-sale transactions with the wrong note holders).

How fair is that?!?! It’s not! And that’s why homeowners need to start fighting back when someone is trying to take their home by foreclosure, especially since an overwhelming percentage of mortgages granted over the last 3 to 5 years have been packaged into securities and re-sold and re-assigned numerous times since the inception of the borrower's original note and mortgage. In some states, homeowners have better than a 50/50 chance of being successful in defending themselves against a completed foreclosure. Why wouldn’t anyone who owns a home do everything in their power to protect and defend it?

All the Best,

Rick D. Misitano, Senior Paralegal
Law Offices of James M. Bosco & Associates
Methuen Executive Park
240 Pleasant Street
Methuen, Massachusetts 01844
Phone: (978) 687-8804
Fax: (978) 687-8872
boscolaw@comcast.net

1 commentNick & Trudy Vandekar • August 18 2009 08:47AM

Who are those people on the wall in Berwyn?

Berwyn, pa mural

Ever wondered who are those people on the wall in Berwyn?

Painted in 2005 over the summer on the wall of a building opposite Clay's Bakery on Waterloo Avenue the mural depicts a Fourth of July parade and was commisioned by Earnest Eadeh and painted on the side of a building Earnest owns in Berwyn, PA. There are a host of people who many may not know. But thanks to C. Herbert Fry a local historian the information is available.

It is a colorful eye catching patriotic piece of work with flags flying. The 20 faces from right to left are Gene Williams, Easttown Township Manager, Carol Williams, Secretary for Surender Kohli, Carolyn Carter, Easttown Volunteer, John Thomas owner of the barbershop on whose wall the mural is is painted, Denise bones, owner of Clay's Bakery, Keith Martin, a Wayne electirician, Chantal Eadeh Goldberg daughter of Earnest Eadeh and carrying her young baby, Lydia Corinne in her left arm and leading her 2 year old daughter, at the time, Jocelyn Sarah with her right hand; Clay Carter, husband of Carolyn Carter, Bill Connor Sr., owner of the the former Connor's Pharmacy; Bill Fritz, president of Fritz Lumber in Berwyn; Leslie Eadeh, wife of Earnest Eadeh; Earnest Eadeh; Surender Kohli, of Kohli & Associates and Easttown Township Engineer; Heather Eadeh; daughter of Earnest Eadeh; Jack McCormick, a Berwyn Roofer who prepared the roof of the mural building; recently retired Tom Armstrong then Easttown Police Chief.  The 3 horses, Chancellor, Derby and Rocky are from Fox Meadow Farms. Jim Stowell, Sr owner of Jim's Berwyn Sunoco in Easttown and Jim's Berwyn Aito Repair in Strafford is driving the horses and standing at the back of the turn-of-the-century steam pumper fire engine is Dave black, facilities manager for Earnest Eadeh.

Three buildings are also depicted, Berwyn Train Station, the former Connor's Pharmacy, and the Berwyn Primary School. The mural was created by Karl Yoder and ainted by a graduate of Pratt Institute in Philadelphia and the Pennsylvania Academy of Fine Arts.

0 commentsNick & Trudy Vandekar • August 17 2009 09:38AM

No greater love

We made a trip to Washington this last Monday. It was a beautiful day, bright sunshine, hot and the roads were light with traffic. It was a trip I had dreaded the previous five years to have to make. It was for a funeral at Arlington Cemetery.

Marine Honor Guard

We all assembled close to the grave as the attendance was so large. For four years we wondered day in and day out whether we would be attending the funeral of our own son here. But last year he completed his enlistment in 2nd Recon Battalion based in Cam LeJeune, NC. His last tour in Iraq he had been very close with his gunny sergeant and commanding officer who he reported to. Whilst Jeremy left the corps and went to school his friends carried on their service to our country.

July 8th we heard that his old gunny sergeant now  Master Sergeant John E Hayes had been killed in action in Afghanistan along with another Marine. We were touched by how many people were at the funeral, this was a man who had touched many lives during his career and everyone wanted to pay their respects.

Several images remain with me from that day, MSgt John Hayes wife, his high school sweetheart saying good bye to her husband as everyone left and she knelt beside his casket, an image filled with poignancy and love. Secondly, at the reception following another Marine, standing to give a eulogy choking up over the friend he had lost. As I have thought on these two images through the week it left me with the following thought.

No greater love...

Semper Fi MSgt John Hayes, Thank you and rest in peace.

3 commentsNick & Trudy Vandekar • August 15 2009 03:09PM

How to select a decorator

Have you ever questioned how to select a decorator? Many times the only option has been to hire a decorator who charges a fee for her time. But what happens if it's obvious within the first hour or two that you just aren't going to click with that decorator? Unfortunately, you're left feeling very uncomfortable -sometimes intimidated- and you're back to square one, having accomplished nothing.

With today's overwhelming choices in home furnishings, a professional decorator is no longer a luxury, but a necessity. A Decorator's role is to professionally assist you in creating the décor of your choice in your home. The more your know about your own tastes and personal style before selecting your decorator, the more productive your decorator will be in working with you. Here are a few tips to help you truly enjoy working with your decorator.

*Do your homework. What are your color preferences? Styles? Basic priorities?

*Look through magazines. What catches your eye?

*Give some thought to your budget. This guideline will save you lots of valuable time.

*Think about your needs and your decorating desires for your room.

Select a decorator who is interested in making YOUR dream home a reality! With a little forethought and planning, working with a professional, caring decorator can be a truly pleasurable experience.

0 commentsNick & Trudy Vandekar • August 14 2009 11:25AM