Marsha Hick

Tip to Prepare When Thinking of Buying A Home

by Marsha Hick

Tip to Prepare When Thinking of Buying A Home

Develop a budget and stick to it. Planning out your expenses and setting aside money for savings can help you stay within your means when purchasing a home. Shop around for a mortgage lender. Different lenders offer different rates and terms, so it’s important to compare and find the best fit for you. Pay your bills on time and maintain a low credit utilization rate. Paying bills on time and keeping your balances low will help you maintain a good credit score, which is essential for getting a good interest rate on a loan.
One very important reason why home buyers should not purchase anything before a settlement is that it can be a huge financial risk. Until the settlement process is complete, the buyer cannot be sure that the house will actually be theirs. If for any reason the deal does not go through, the buyer may be stuck with a non-refundable purchase or a financial loss. It’s better to wait until the deal is finalized to make any major purchases or investments. Also, if the buyer does make a purchase, such as furniture, before the settlement, they may not be able to move it into the new home until after the settlement. This can be inconvenient and cost additional money for storage. Finally, until settlement, the buyer’s financial situation may change and their ability to purchase items may be affected. It’s best to wait until the settlement process is complete before making any major purchases.
When speaking to a lender about how much home you can afford, it’s important to be honest and realistic. Be sure to provide accurate financial information about your current savings, income and existing debt. This will help the lender assess how much you can comfortably afford to pay for your new home. Additionally, don’t forget to ask about the different types of mortgages available, as well as any additional costs such as closing costs, taxes, and insurance. Being prepared and having an open dialogue with your lender can help ensure you find the perfect home for your budget.

A rumor no more. New construction begins on luxury apartments at Oxford Valley Mall in Middletown Township.

How surprised I was when I drove to the Oxford Valley Mall. Construction has started. Clearing for 1st of 2 luxury apartment buildings have begun. This is the beginning of a 2 year plan, for 600 plus, luxury apartments. Located at the former Wanamaker’s/Strawbridge’s/Boscov’s site at the mall in Middletown Township.

New Construction

The first apartment building will have 391 apartments. The second will have 223, according to the developer’s website. The buildings will be four stories.

The buildings will feature a parking garage for residents. There are a number of amenities planned. There will be 8 acres of green spaces and a large central green area for residents and the public. The swimming pools, and fitness centers will be an added attraction. The developer will included about a mile of sidewalks. This will interconnect the development to the mall and surrounding area. The vast majority of residence are expected to attract the young professionals or older adults.

How nice it will be to see the vacant space used again. After such a long period of time without occupancy. Another bonus is additional tax revenue for the township and Neshaminy School District.

See all Middletown Township homes for sales

Marsha Hick

“Putting You 1st is 2nd Nature!”

Mobile: 215-431-5966
E-Mail: MarshaHick@Century21.com

Website: SearchForHomesWithMarshaHick

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