What does 2018 hold for Main Line real estate?
What can we achieve with your help in 2018? Today and throughout the year we are asking for your help.
We have supported several local charities over the years, Surrey Services for Seniors, TE Cares, Flite, Berwyn Business & Professional Association and the American Heart Association specifically. Through these we have helped support students with scholarships, local families in need and the Berwyn Fire Company
I have helped Surrey Services for Seniors by chairing and managing an antiques show for them for the past 12 years, in that time we have raised well over $1 million.
Surrey Services for Seniors holds a special place in my heart as all of our parents died whilst we were relatively young. So Surrey members are part of my surrogate family. Their mission is to help Seniors to age in place and remain in their homes, a benefit I believe for them and for the community.
This year I will also make a $100.00 donation to Surrey Services for Seniors for each home I sell. I know it doesn't sound much but it will add up and it is on top of all the other charitable work we do through our business.
How can you help?
Please let me know of friends or family who are moving in the area so we can sell more homes and make a larger donation. Thank you in advance.
For the past two years I have also walked to raise funds for the American Heart Association. My father died of a heart attack and missed out seeing his grandchildren. This year I had to undergo an ablation on my heart to stop a type of fibrillation that I have suffered but had increased dramatically last year. So, I have a personal interest in helping this organization and all the money raised stays locally. Once again I will be asking for your help as I raise funds for the American Heart Association.
Now to the 2018 real estate market.
As you may have read there is a shortage of homes to buy. Not just a few but a significant shift downwards on homes for sale compared to previous years. Buyers who are moving up are not listing their homes for sale till they have found something to buy for fear of being homeless. This vicious circle has caused prices to rise, even though we are in the winter months when prices generally drop.
Higher priced homes, those over $750,000 do not have such a lack of inventory which almost overwhelms buyers with choice. We all know less choice can be good as it makes it easier to make a decision. More choice can lead to no decision being made at all.
Buyers are also more aware of homes having been on the market for any extended period and as such adjust their offers. If a home does not sell straight away, then it is on the market for a long time and will sell at a lower price.
Pricing is important; there is no need to allow room for negotiation. If priced correctly the house will generate multiple offers or offers close to the asking price.
The new tax bill is expected to cause price rises to slow, but it really all depends on how many buyers actually consider how it is going to affect them as they purchase. Most do not. I was talking with a buyer recently and they mentioned that they have not considered the tax implications as they consider purchasing a shore home before or after the tax bill.
There is a lot of discussion going on but no one knows how these changes are going to affect everyone, we may actually see more pressure on prices because of the lack of inventory and the tax bill.
We think you can achieve your real estate goals this year with preparation, correct marketing and a sensible attitude to price and the market. We are here to help you and are happy to provide advice and suggestions on preparing your home for sale, how to market it and how to price it to sell in this market. Our job is to guide you through the process making sure you are kept up to date, communicating with you on the process and what is being done throughout the transaction.
Feel free to use the link below to get an automated valuation of your home. Or if you prefer contact me to set up a private consultation. Office 610-225-7400, Cell or Text 610-203-4543, email Nick@VandekarTeam.com
If you are buying or selling on or around Tredyffrin Easttown or along the Main Line we can help you, contact us or connect
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