Lancaster Pa Housing Market Update

Good Monday Morning!

Well, we experienced a tornado warning here in Lancaster County Pa yesterday.  We received notice from a local news station that if you’re in the Lititz, Mt. Joy, or Manheim area to seek shelter, which caused some madness, as we’re not use to hearing that from our weatherman, it’s never dull!

The real estate market is beginning to flash and jump with hope around here in Lancaster County Pa.  The number of homes for sale is declining significantly and has been for a while now.  There are all of a sudden many more people out there looking seriously at Lancaster County, Pa real estate and homes.  Since the general public is beginning to realize that if you’re a first time home-buyer and are not taking advantage of the $8000.00 government credit available, you’ve got something backwards. Buyers have been crawling out of the woodwork to take a look at recent market updates, and calls in on properties have been up!

I don’t know if we have hit bottom yet, keep your fingers crossed!  Time will tell I’m sure, even history shows that we never know if we hit until we’re on the upswing, which is also historically is fast and furious, I can’t wait! In the mean time if all of this buyer interest continues to increase, we should be feeling an upswing before we can even prepare for it! Those who hesitate now, will pay for missing out.

Have a great week and get ready!

Alex Reedy

Tired of Feeding your Landlord?

If you would like just plain talk from a local real estate specialist on how you could own your own home

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This is not intended to represent your landlord, certain conditions apply, call me for the facts on owning a home

How to smile while selling your home-

1.      Call me before you do any improvements, I can give you an idea if you are spending more than the return you’ll get back. So next time you’re thinking of remodeling, call me for Lancaster Pa real estate. If it’s not Lancaster Pa real estate, call me anyway, I know many realtors in other states and would be happy to connect you with them if they are near you. 

2.      When pricing a home, in this market, don’t use comparable sales from a year ago, I would probably stay under six months, if not under three months. Our market is to up and down to go back that far to compare prices to list your home for.

3.      Use a realtor to sell your home, and use a good one who can justify why paying them a higher commission will net you MORE money. I guarantee, a discount broker will not have nearly the advertising that a full service company will have ask them to prove it!

4.      Over pricing a home can be and most the time will be extremely fatal to achieving a sale in this market. 

5.      In this housing market, it is not the time to “test the waters” or go fishing for a higher price

6.      Last, if an agent can’t negotiate a good commission for himself or herself and they’re own family, how good of a job will they do for you and YOUR family, think about that one…

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Alexander Reedy

Our market has been interesting, but not in a bad way. I have been pounding the pavement, posting flyers, making calls to past clients and friends. Basically anything I can do to earn another clients business.  Much to my surprise, people have recently been much more upbeat about the economy and our housing market (locally) than in past months. It has been very exciting, I haven’t been this excited for a while. I’ve received great feedback from people lately, about Lancaster City’s market in particular.  Lancaster city is a haven for a first time home buyer in Lancaster Pa. Prices are competative, and normally well within a first time home-buyer’s budget.  With the $8000.00 tax credit that you do not have to pay back, it’s that much more attractive.  If you would like to see what’s for sale in Lancaster City call me, or check out my listing page. Or if you would like to find out more about my history and family history in real estate go to my profile page