A Homeowner’s Association (HOA) is “an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents.” (Investopedia)
How do you join an HOA? If you rent or buy a property that’s part of an HOA, you become a member automatically!
HOAs are run by dues, which are usually paid monthly or annually. The amount can vary as the benefits are different for each HOA, but according to LendingTree, the average dues are $3500 annually, or $291 monthly.
A few examples of what an HOA offers:
Each HOA has its own rules and regulations, which Associa states could include the following:
LendingTree also notes that HOAs can help maintain home value. “Those strict HOA rules can lead to a lot of nice curb appeal.”
LendingTree goes on to say that 57% of HOA members say it has made their lives easier and 63% say they’re priced fairly for the benefits received.
On the flip side, of those who believe their HOA is too expensive, 43% report that the HOA has made their life harder.
Some example violations include:
So, should you choose a home inside of an HOA? That’s up to you! It’s worth reviewing the cost and regulations of an HOA before purchasing or renting a property that’s part of one. It’s a personal choice!
Looking to buy or sell in Central PA? We can help! Give us a call or text at (717) 371-0557!
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543
You’ve likely heard all of these terms before and have wondered if they can be used interchangeably. Realtor.com breaks it down this way:
Real estate agent- “someone who has a professional real estate license to help people buy, sell, or rent all sorts of housing and real estate.”
“To get that license, states generally have education requirements, which include pre licensing training.” These requirements vary from state to state. To earn their license, agents must pass a written exam.
Real Estate Broker- “A real estate broker is someone who has taken education beyond the agent level as required by state laws and passed a broker’s license exam.”
“Similar to real estate agent exams, each state sets its own broker education and exam requirements.” A certain amount of experience is necessary to take the broker’s exam. In Pennsylvania, that’s a minimum of 3 years, a specific number of closed transactions and an additional requirement of 240 hours of education.
On top of that, there are 3 different types of brokers. Principal/designated broker, managing broker, and associate broker.
Realtor- This one’s pretty straightforward. “In the real estate industry, in order to become a Realtor—a licensed agent with the ability to use that widely respected title—an agent needs to be a member of the National Association of Realtors®. As a member, a person subscribes to the standards of the association and its code of ethics.”
Beyond those titles, a Realtor® can also earn designations and certifications through the National Association of Realtors (NAR). These are the acronyms listed after a Realtor’s name, such as CMS, CCIM, etc.
NAR provides “provide a wide range of programs and services that help members increase their skills, proficiency, and knowledge…Real estate designations and certifications through NAR are specialized credentials for REALTORS®.”
What’s the difference between a designation and certification? A Realtor pays annual dues for a designation, where as a certification only requires an application fee.
Here are a few examples of designations an agent can earn:
And some examples of certifications:
You can read more about the designations and certifications by going to NAR’s article here.
Fun fact, Jason earned his Associates Broker’s license in 2007, and has these designations/certifications:
e-Pro, Real Estate Negotiation Expert, At Home With Diversity, Certified Marketing Specialist, is a LGBTQA Real Estate Alliance Certified Ally and is C2EX Endorsed by the National Association of Realtors.
Looking to buy or sell in Central PA? We can help ! Reach us at (717) 371-0557
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543
We all want the lowest possible mortgage rate, but choosing a lender goes beyond that. The rate is a key factor for sure, and in this environment, they change daily. When selecting a lender, you should also look for a lender who:
– you can actually get ahold of, locally, with an office you can walk into and see them face to face
– gets their clients’ loans approved & closed on time, meeting the contract deadlines
– is a problem-solver
Not to mention that with rising interest rates, the mortgage industry has seen massive layoffs. The last thing you want is to work with a company who, days before settlement, can’t close the loan.
We’ve worked with online lenders and while they can sometimes work out in the end, they’re not always the best option. In fact, sometimes they are terrible. You shouldn’t have to call a company line and extension number to get ahold of them, or hound them to do their job.
We partner with a variety of local lenders, who have every program imaginable, for any buyer’s situation. We refer you to these local lenders we’ve worked with numerous times based on who is best suited for your personal needs, to make for a smooth transaction!
If you’re looking for a lender recommendation, call or text us at 717-371-0557 and we’ll be happy to help you!
Your Friends in Real Estate,
Jason Burkholder Team
——————
Jason Burkholder
Kelly Burkholder
Jaci Hoosier
717-371-0557 direct or text
Hometown Property Sales Group, LLC
717-207-8093 office
57 E Main St
Lititz, PA 17543
Do you know what a popcorn ceiling is? Love it? Hate it? Most people hate it. After all, ceiling popcorn is about the most useless (not to mention ugliest) decoration ever. Want to get rid of it? Well. Normally that involves scraping it off, or demolition. Tear it down. As effective as that tutorial is, some of you might not want to get that messy. Or if your house was built in the 1950’s, scraping off popcorn means dealing with potential health hazards like asbestos. Not fun or safe.
Well, I have some great news! Imgur user, makesomething, chose a different way to handle the ceiling popcorn in a room in his 1950 home. Here’s the thing, they didn’t even bother removing the popcorn at all!
Removing all those layers would be too much of a hassle.
They also bought 2 inch brand nails, which they used to nail some planks to the joists in the ceiling.
However, if you want to save money, you could always use wooden pallets!
Obligatory dog photo. She would walk in every once in a while to check on the progress.
This method would be awesome for old, cracked plaster ceilings too! Not exactly a DIY kind of person and need a professional to help you pull this off? Call me, I can connect you with a contractor!
Have questions? Do you want to buy or sell a property? Call me or text at 717-371-0557, I’ll be happy to help you! You can always email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041 as well!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors – Welcome Home
717-291-1041 office
717-371-0557 direct or text
PS – As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
Why would someone write another article on buying versus renting a home? What’s in it for the author of the article? Why would you read one? What is it you want to hear?
Do you just want confirmation and justification for what you already believe and want to do? Or, are you looking to be convinced otherwise? or simply just trying to “figure it out”? These are all good questions to ask if you find yourself reading an article on whether it makes more sense to buy a home, or to rent.
There are “reasons” to buy, and “reasons” to rent. Which is good, people want to make choices based upon reason. So, if you start reading about whether to buy versus rent a home, you’ll certainly be given “reasons” like:
Those are all real and valid reasons to some degree. But if you start reading articles bent on renting a home, versus buying, you’ll be given opposing “reasons”, like:
Again, all valid “reasons” to some degree. Regardless of whether the article is pro-buying or pro-renting, the “reasons” cited tend to ALWAYS be the same, decade after decade, regardless of the market. They are overused, and honestly, pretty useless to anyone in particular. There is no absolute answer that is right for everyone.
You can find plenty of “sources” to formulate your opinion on what makes sense for you. There are online calculators to help you figure out if renting or buying makes more sense for you. But that’s kind of like looking up health information online. It’s good to get some thoughts and perspective. Educate yourself. But it’s not necessarily proper for you to diagnose and treat yourself.
Same when it comes to financial and real estate decisions. Certainly educate yourself. Become informed. But truly assessing whether or not it makes more sense for you to buy a home or rent a house warrants getting some professional help. Professional help can cost less than self-help (At least in real estate…). While you can certainly sift through all the information you want online for free, and come to your own conclusion, you can also get the advice of someone who is a real estate expert for free, one thats actually applicable to your situation.
All you have to do is reach out to a real estate agent. A good real estate agent will give you advice. A great one will help you figure out if buying or renting makes better sense for you. They’ll help you assess your situation lend you their thoughts and insight based upon their knowledge and experience. And most of them will do this for free. They get paid if and when you end up buying or renting a place.
Now, certainly, you might question their motives… Will they push you to buy versus rent to make more money? Will they push you to rent because it’s quicker, easier money? Why would they help me for free? There’s got to be a catch. Sure, there are some agents who are in it just to make money. But most real estate agents are more caring and concerned about their clients’ best interests, than their own self-interest.
That doesn’t mean every real estate agent will necessarily be able to give you the best advice, even if they are caring, concerned, and not pushy. Finding an agent who knows the local area and has experience makes a huge difference in the quality of the advice. So, make sure you find not just an agent, but a great agent when you ask for advice. (If they’re all offering their advice for free, you might as well choose the best, right?)
Considering this is my article, of course I feel like I’m the best agent for you to talk to. Maybe I’m the best agent for you to talk to… maybe not. The best way to find out for sure if, or how, I can help is for us to have a quick chat.
I work all throughout Central PA, primarily in Lancaster County, Lebanon County, York County and Berks County. But in all honesty, I am not an expert on buying a home everywhere in the State of Pennsylvania. There are some parts I am not as familiar with. So if I’m not the best agent for you, I’ll tell you and I almost always know another agent who may suit your situation better.
So why not give me a call at 717-371-0557, or send me an email, and let’s schedule a time to talk. No obligation. I never push people to do one thing over another. If buying makes more sense for you, we’ll figure that out. If renting does, we’ll figure that out. I just want to make sure you’re able to make the best and most objective decision possible.
Have questions? Do you want to buy or sell a property? Call me or text at 717-371-0557, I’ll be happy to help you! You can always email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041 as well!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors – Welcome Home
717-291-1041 office
717-371-0557 direct or text
PS – As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
Have you thought about owning but didn’t think you “made enough money” to buy a home?
If it’s your first time buying or selling real estate, you don’t know what you don’t know.
There are tons of potential pitfalls and challenges along the way that it’s hard to anticipate when you don’t know what to expect. The last thing you want to do is lose because you tripped over one of these.
But luckily for you, most of the missteps taken by first time buyers and sellers are pretty universal, which means you can learn from their mistakes and avoid falling into the same traps.
Here are four common real estate mistakes to avoid the first time you buy or sell a home:
The price of a home – whether you’re buying or selling – is one of the most important components of a real estate transaction. But there’s a lot more that goes into pricing than what meets the eye.
Pricing a home is a kind of a blend of art and science. There are so many factors that come into play – time of year, current market conditions, how quickly homes are selling the neighborhood, the current value of the home. I take all of those factors into consideration when helping you come up with the right price for a home.
Without a real estate background, it’s impossible for most to understand all of those conditions and how they affect the price of a home. If you’re selling, you’re likely to think your home should sell for a higher price because of the value it holds for you. If you’re buying, you’re likely to think a property should sell for less because that means a better deal on your end.
But ignoring pricing advice because you think you “know” what the price of a property should be is a mistake. As a seller, you’ll end up overpricing your house (which will leave it sitting on the market). As a buyer, you’ll end up lowballing your offer (and losing the house in the process).
The first time you’re buying or selling a home, it’s your best bet to leave the pricing to the experts. Your real estate agent will always work to get you the best deal – and keep you from pricing yourself out of the deal you want.
Another mistake first time buyers and sellers make is being too rigid when it comes to negotiations.
Most real estate transactions require a bit of compromise. As a seller, you might need to give in on some of your buyer’s demands and as a buyer, you might need to work with the sellers a bit in order to close the deal. It’s just the way real estate works. And if you’re not willing to give an inch, the deal can very quickly go south.
Now, just to be clear: you should never compromise TOO much. Don’t compromise on the things that are important to you. But if a minor repair is all that’s standing between you and closing your real estate deal, giving in can be much easier than walking away.
If there’s a mistake that nearly all first time home buyers make during their home search, it’s not thinking outside of the box.
Most first time buyers have a very specific idea of what they’re looking for in a home. And while it’s fine to know what you want, refusing to look at properties that don’t check off every single item on your wish list is a major mistake – a mistake that can keep you from finding a home you’re in love with.
If you want to find a home you love, it pays to get creative and see as many properties as possible. Have certain non-negotiables (like a specific number of bedrooms or a designated outdoor space) but allow for some wiggle room on everything else. You’ll end up seeing more properties, and who knows? You might fall in love with a house that’s totally different from what you thought you wanted – a house you would never have seen if you didn’t think outside of the box.
Perhaps the biggest mistake you can make the first time you buy or sell a home is trying to do everything on your own.
Buying or selling a home is not only hard work, but it requires a certain level of knowledge and expertise. You need to know where to look for hot properties, how to market to buyers, how to negotiate, how to file all the paperwork… if you’ve never bought or sold a home, it can be completely overwhelming.
Which is why you need a real estate agent to walk you through the process. When you work with a great real estate agent, they make the experience of buying or selling a home easier, faster, and more profitable.
Trying to do everything on your own is a mistake. But hiring a real estate agent can quickly rectify that.
Buying or selling your first home can be overwhelming. But now that you know the most common mistakes to avoid, you’re well on your way to a stress-free first time buyer or seller experience!
Still have more questions? Do you want to sell or buy a property? Call me at 717-371-0557, I’ll be happy to help you!
If you want to search Lancaster County or Central PA homes for sale, visit www.JasonsHomes.com to access an MLS home search that shows you all the homes for sale in the Central PA Multiple Listing Service (MLS) !
As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
If you have questions, need real estate advice or want to buy or sell a home, you can call or text me at 717-371-0557, email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors – Welcome Home
717-291-1041 office
717-371-0557 direct or text
Welcome Back!
A question I get asked quite a bit is “what are those houses listed on zillow as a pre-foreclosure?
Here is a quick video with the answer to that question, click thru to check it out!
We all know the premise of home-flipping shows: An investor buys a veritable dump and then, with the help of a team of ready-and-willing contractors and landscapers, quickly transforms it into the best-looking home on the block. Next, that intrepid investor turns around and sells it for a hefty profit. Sounds like a straightforward formula for financial success, right?
Sure. Also, Bigfoot is real.
Ok, maybe lie is too strong a word. Here’s the thing though, the shows are definitely misleading. What makes for entertaining television doesn’t always translate into a win beyond the high definition flat screen. The following are nine ways home-flipping shows mislead viewers. So, if you’re considering turning this into your next career or even a side gig, you may want to separate fact from fiction first.
In order to realize as large a profit as possible, it’s important to flip the property as quickly as you can, otherwise paying the mortgage, taxes, and insurance quickly chips away at your bottom line. While sales tend to happen quickly on TV, the reality is that even if you have a willing buyer, getting pre-approved and securing the financing doesn’t happen overnight. For anxious sellers, that ticking clock is a constant reminder that every passing day means a little less money in their pockets.
As far too many homeowners know, not all contractors are created equal. For the most part, the artisans who make their way onto home-flipping shows are trustworthy, knowledgeable and willing to work nearly round-the-clock to get the job done. In reality, contractors may be working on multiple projects simultaneously and may disappear for days at a time. And as we all know, time is money.
Part of the appeal of these home-flipping programs is the ease with which the whole property comes together. But it’s more than just the time-lapse photography that makes it seem like anyone with a tool belt can renovate like a pro. While you might be tempted to take a DIY approach to keep expenses low, remember, these people know what they’re doing, whereas most homeowners are not expert contractors. Many times tackling a task yourself will end up costing you more than if you’d hired the right person for the job.
Even with a careful home inspection, surprises (not the good kind!) pop up when you least expect them. Yet, if a sink hole opens and threatens to swallow a sunporch, home-flipping show teams are ready to fix that issue like it’s no big deal. When it happens to non-TV-star homeowners, it’s not always easy to find the right subcontractor — especially when you’re under time constraints. And, once you do, can you even afford to deal with whatever unpleasant shocker has come your way? If you have to go back to the bank for more money, that will impact your timeframe and ultimately your profit. (See number 1.) Home-flippers on TV seem to have bottomless bank accounts. Must be nice, right?
When home-flippers begin a project, all the requisite materials are on-site and ready to go. If only this were the norm! Anyone who’s ever fallen in love with a special order item knows that it’s almost impossible to find everything you like in stock and ready for delivery. Some contractors are reluctant to start a renovation until all the supplies are in, which, again, can hurt your timeline and your profit.
Never mind the fact that homes showcased on these programs never seem to lack for buyers, in many instances there doesn’t seem to be any haggling to speak of when it comes to the asking price. Leaving out the art of negotiation does viewers a disservice as it makes it appear that buyers can’t wait to pay full price — or above it.
In order to reap the biggest profit, you need to buy below market value, sell above it, and not put more money into the renovation than you’ll get back. As if that equation weren’t complicated enough, on television, you don’t always hear about the costs of buying or selling, inspection and appraisals fees, and other expenses that go into both sides of the transactions. Leaving out some numbers conveniently inflates the profit.
Renovating a bathroom in rural Tennessee is going to cost much less than it would in, say, Manhattan. Not only will the labor be less expensive, but the materials and delivery charges will also skew lower in non-metropolitan areas. Of course, none of that is addressed in the show and most often estimates on TV are far lower than those you’d gather in real life.
This is common. Be careful. Once you’re in the home improvement groove, you may be tempted to splurge and really go all out, but you have to resist the temptation to overdo it and put in more money than you’ll ever get back. In the quest to make your flip as fabulous as possible, you never want to lose sight of the the reason you started this project: to make money. Consider the return on investment for each improvement you make.
Bottomline. Flipping homes is something you can make money doing. It’s not for the faint of heart, it’s not without risk and it’s not something to tackle if you don’t have a bank account that will support it.
Thinking of buying an investment property? Call me at 717-371-0557, I’ll be happy to help you find the right property, make a plan and write the right offer to make it yours!
If you want to search Lancaster County homes for sale, visit www.JasonsHomes.com to access our Easy MLS home search that shows you all the homes for sale in the Lancaster County PA Multiple Listing Service (MLS) !
As always, I’d like you to be part of the conversation, so if you like what you read here please feel free to let me know, forward this post to your friends and subscribe!
If you have questions, need real estate advice or want to buy or sell a home, you can call or text me at 717-371-0557, email me at Jason@JasonsHomes.com or contact me at the office at 717-291-1041!
Your Friend in Real Estate,
Jason Burkholder
Realtor, e-Pro
Associate Broker
Certified Marketing Specialist
Weichert, Realtors-Engle & Hambright
717-291-1041 office
717-371-0557 direct or text
When a market is hot, finding and buying a home can feel like an uphill battle. In a seller’s market, homes go quickly. They can be on the market one day and gone the next. And on top of the challenge of finding a home, most homes (especially the desirable ones) have multiple offers, making it harder to get into the home of your dreams.
But buying a home in a hot market isn’t impossible! You just have to approach it strategically and stack the deck in your favor to find – and successfully buy – the right home for you and your family.
Here are four tips for buying a home in a hot market that will put you a step ahead of the home-buying competition: