Dan Golden blog

Hot market makes appraisals difficult

Posted by Dan Golden on January 01, 2019 in  buying a home
One of the biggest threats of throwing a monkey wrench into a successful real estate transaction is the property appraisal, and appraisals are once again back in the news, and not in a good way. According to an article in Realtor Magazine Online, appraisers are facing harsh criticism from homebuyers and real estate agents for low valuations in markets that have seen a dramatic increase in sales, pricing and demand. It seems that appraisers aren’t reacting quickly enough to the new pricing reality. The article... read more
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Smoking hurts resale value

Posted by Dan Golden on January 01, 2019 in No Category
A study of real estate agents in Ontario, Canada, commissioned by pharmaceutical giant Pfizer showed that smokers and smoking can take a big chunk out of what your home is worth on the market. The study suggests 20 percent less. In addition to getting less for the property, having homeowners who smoke can also make the property more difficult to sell. Nonsmokers are sensitive to the smells left by smokers. It hits many of them like a sledgehammer when they enter such a room. That lingering smell gets into the carpe... read more
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Bamboozled by boroughs

Posted by Dan Golden on January 01, 2019 in No Category
I am always on the lookout for boroughs and townships overstepping their authority in an effort to make their municipalities the perfect place to live. One of my biggest pet peeves is the use and occupancy inspections some use to beat home sellers over the head to ensure the “safety’’ of the property being sold. I recently learned that Perkasie, a town that I really like, has received a handful of complaints about fast-growing bamboo, and the town just might do something about it. Borough council ... read more
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Trains make it worthwhile

Posted by Dan Golden on January 01, 2019 in No Category
An article in the business section of today’s Philadelphia Inquirer details the beneficial effects of commuter train stations on suburban communities. The study by Econsult Solutions of Philadelphia and paid for by SEPTA, the regional transit authority, found that the agency’s regional rail service increased the value of a single-family detached home in the suburbs (Bucks, Delaware, Chester and Montgomery counties) by about $7,900. The study took a close look at nearly 90,000 transactions involving sin... read more
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As stocks rise, prices follow

Posted by Dan Golden on January 01, 2019 in No Category
I have noticed over the past few years that as gas prices rise, the value of stocks (and my 401k plan) also tend to increase. Now I am not claiming that this is some infallible law of economics, just that it seems to me to generally be true. Just don’t ask me to explain why the market is near record levels and gas prices are hovering around $3.25 a gallon. Call it the exception that proves the rule. A recent article in Realtor Magazine online reported that home prices in a given area tend to increase whenever... read more
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