New monthly condo fees for Old Forge Crossing condo units were announced in August. Single bedroom units will be $214, and two bedroom and townhomes will be $281.
Also announced was that the reserves of the condo association now amount to just over $1 million a goal of the association for some time.
Sales of units have been slow with prices dropping for condos and townhomes in the area. Competition is stiff with Chesterbrook and Drummers Lane prices being dropped aggressively to obtain sales. However, recently units have been starting to sell again when priced correctly and aligning with buyers being in the market and finding financing for their purchases.
One of the often overlooked roles of the real estate agent is to help buyers obtain their financing and guide the buyers and sellers through the transaction to make sure both the buyer and seller reach settlement as agreed in the agreement of sale, negotiating home inspections, mortgage appraisals and any other issues relating to title or condo rules that might arise. Don't overlook the experience that a full time realtor brings to the process, we have seen many deals falling apart in this difficult market due to buyers presuming that everything is moving ahead smoothly.
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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