Explore Lancaster, PA

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 9
      The Equal Credit Opportunity Act prohibits discrimination in the lending process and applies for all lease applications. Property Managers need to know and implement the Act into all of their tenant selection activities. Property Managers need to conductthemselves in a consistent and system...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
.     Tenants occasionally find themselves in a rental where the Landlord is slow to fix things . Many times that Landlord is actually “milking the property”. They are pocketing the CashFlow the Property is generating , but not investing it back intothe property . Many are renting properties that...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
    Many Propery Managers are confronted with one more challenge when inspecting a now vacant rental unit . The exiting tenants have left behind Personal Property . What should they do with all of this stuff ?     The “PA Landlord Tenant Act” requires tenants to remove their personal propery from...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
     Some investors attempt to improve Cash Flow by eliminating unnecessary operating expenses . And some of these investors quickly learn that a Property Manager is not an expense , but rather a key component to your Investment Team. No business can grow unless the person at the top can Delegate...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 31
    America has always been a Land of Opportunity . From its' beginning you had no guarantees and had to take risk to live here . Those who boarded ships to sail here , knew that 10-20% would not survive the trip . But they came . Once they arrived, many decided to settle in some of the most dan...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
    × It looks like you are using an ad blocker in your browser.This may cause challenges with your Personalized Posts, and prevent the share buttons from appearing with each post. We recommend whitelisting the KCM website or changing your settings to prevent any potential issues.   Where Lancast...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
     × It looks like you are using an ad blocker in your browser.This may cause challenges with your Personalized Posts, and prevent the share buttons from appearing with each post. We recommend whitelisting the KCM website or changing your settings to prevent any potential issues. Copy Copied to...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
5 Ways Tax Reform Has Impacted Lancaster's Housing Market Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was eve...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
    Drop in Inventory Fuels Sales Slowdown in Lancaster ? Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Home Inspections: What to Expect So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
Home Buying Myths we Avoid in Lancaster, PA  Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score r...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Both Seller's & Buyer's Markets in Lancaster , PA  ? Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
    SELLERS - Now is the time to obtain TOP DOLLAR for your property BUYERS - You will need skilled Representation to navigate your way through this very competitive Sellers Market !  Text or email me to get started mikeperrykw@gmail.com  The PERRY PROPERTY GROUP is a PAID Vender Account on Next...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
VA Loans by the Historical Numbers , Lancaster, PA  Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 4
Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts pred...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 6
The Cost of Renting vs. Buying Today in Lancaster Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
Buyer Demand Still Outpacing the Supply of Homes for Sale The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 1
Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing ...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 2
20 Tips for Preparing Your House for Sale This Spring  Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific sug...

By Michael J. Perry, Lancaster, PA Relo Specialist
(KW Elite )
Comments 3
A New Housing Bubble Forming…Not Before 2024! A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2...

Lancaster, PA Real Estate Professionals