Main Line PA Today

First Time Home Buyer Tax Credit 2009 Update

2009-07-09T19:36:13Z

Still Sitting On The Fence With Your Home Ownership Dreams?

If you’ve been puzzled and sitting on the fence when it comes to your home ownership dreams all I can say is ouch! Now is the time to get off of the fence and take advantage of this opportunity for your potential First Time Home Buyers $8,000 Tax Credit*.

We all crave our own space, good neighbors to share a back yard barbecue with, a place for the kids, some flowers and a few tomato plants. Many of my first time home buyers can’t wait to say goodbye to “broker beige” and decorate in their favorite colors to express their personal style.

Check out my 7 Point First Time Home Buyers Quick Summary and let me know what you think? You might be looking forward to investing instead of throwing money away on rent. Our homes were never meant to be banks, but even with our current challenges in the financial and housing market, home ownership has historically out performed the stock market for investment return, interest rates are at historic lows, prices are down and sellers are motivated.

7 Point First Time Buyer Tax Credit Quick Summary. Do You Qualify For The First Time Home Buyer Tax Credit?*

You’re a First Time Buyer who has not owned a home within the last 3 years prior to your home purchase date
You will close on a home between January 2009 and November 30, 2009.
Your home purchase will be your primary residence, not a vacation or second home.
You are not purchasing a home from a close relative, parent, child or spouse
You DO NOT qualify if your single personal income is more than $95,000 or if your joint income is more than $170,000.
If you qualify, the credit you receive is equal to 10% of the purchase price up to $8,000.
Buyers with up to $75,000 of income and joint filers with up to $150,000 of income may get the maximum credit. But single buyers with incomes between $75,000 and $95,000 or joint filers whose income is between $150,000 and $170,000 may have their tax credit decrease at the upper range.

3 Ways To Use Your First Time Home Buyer Credit*

Claim the First Time Home Buyer Credit on your Tax Return in 2009
FHA may approve borrowing against the tax credit to help cover your closing costs or to increase your down payment
since the $8,000 possible tax credit is a refundable tax credit up to 10% of the purchase price, and if your tax liability is less than $8,000, the IRS may refund the difference.

*Since I am not an Accountant or an Attorney I advise my clients to consult their Tax Adviser or Attorney with all of your tax related questions.

Call me to find out more about some good First Time Homebuyer choices, Judy Peterson, Realtor, Prudential Fox and Roach Devon Home Marketing 610-889-5509.

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Chesterbrook Wilson Farm Park Summer Concerts

2009-07-13T18:27:36Z

Tredyffrin Summer Concert Series at Wilson Farm Park in Chesterbrook

This FREE Concert series held in Wilson Farm Park in Tredyffrin Township 500 Lee Road in Chesterbrook Pa , promises to be fabulous.

Cliff hanger economic events make this series even more special since it was uncertain IF there would even be a Tredyffrin Easttown Concert Series at Wilson Farm Park this year. Budget constraints plague all of our Townships (Townships depend heavily on real estate transactions and transfer tax revenues . . . us too :-).

We have the generous good neighbors from Shire Pharmaceuticals Corporation to thank for 4 of the concerts and Tredyffrin Youth organizations, Berwyn-Paoli and Devon-Strafford Little Leagues, Teysa Soccer and Fast Flicks field hockey. Kudos and thanks to Shire and ALL supporters!

*July 9th Teddy’s – a 5 piece band with 3 vocalists performing songs from the 60’s up til today!

*July 16th - Motown Tribute is a musical group that specializes in the fabulous sounds of Motown and Soul from the 70’s

*July 23rd - Chico’s Vibe returns by popular demand. Come enjoy their energetic musical styling that spans the decades from Etta James to the Black Eyed Peas.

*July 30 is the popular Yosi And The Super Dads, a full rock band concert for the kids and the entire family

*August 6th featuring The Janis Newlan Orchestra – an exciting 11 piece band

All concerts are FREE! Bring your family and friends and a chair or a blanket from 7pm – 9pm. There are no rain dates but iffy weather earlier in the day may still find the performance taking place so Call 610-408-3626 to find out for sure.

Wilson Farm Park and community events like these are part of what make Tredyffrin such a great place to live and work in. When you want to know more about a home for sale or need some information about pricing and selling your home, feel free to give me a call, Judy Peterson, Realtor Prudential Fox and Roach Realtors,610-889-5509 direct or 484-431-7195 mobile. I can help!

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Tredyffrin Homes For Sale May 2009 Market Snapshot

2009-06-30T14:32:24Z

Tredyffrin Township, Chester County Pa Real Estate Market Snapshot May 2009

Real Estate Market Snapshot Table For Tredyffrin Township comparing the Number of Homes For Sale in Tredyffrin, Homes Under Contract, Homes Sold, New Listings that came on the market, the Residual Inventory (homes already in the market place or “backlog”), the Median For Sale Price for Tredyffrin and the Median Under Contract and Median Sold Price for Tredyffrin Township for this three year period beginning in May 2007.

The Tredyffrin Real Estate activity chart I prepared below may help you see the market activity across this three year period while the Real Estate Market Dynamics Graph above illustrates the effects of this market on the Median Price History for the period and illustrating the segment of the market with the greatest home sale activity.

Keep in mind that market activity trails by at least 30 days, since the average time between a sale and settlement is between 30 and 60 days. Look for my Second Quarter Real Estate Market Statistics coming in the 2nd week of July.

383 Homes Sold in Tredyffrin Township in the last 12 Months!

Ready to buy a home in Tredyffrin or the Chester County Main Line Pa area? You need my expert Real Estate Pricing Analysis before you buy a new home or sell your current home. I can help! Don’t pay too much or sell for too little! Call Judy Peterson 610-889-5509 voice mail or 484-431-7195 mobile, for answers to ALL of your real estate questions

Main Line Pa Today Real Estate Market Snapshot
For Tredyffrin Township By Judy Peterson 6/29/09*

*Tredyffrin Township	Percent Change	May 2007	May 2008	May 2009
Tredyffrin Homes For Sale	+2%	274	302	279
Under Contract	-63%	60	41	22
Tredyffrin Homes Sold	-46%	48	37	26
MSI	234%	3.1	5.6	10.4
DOM	+42%	52	35	73
New Listings	-29%	90	93	64
Residual Inventory	+47%	116	148	170
Tredyffrin Median For Sale Price	+4%	$447,000	$471,950	$463,000
Median Under Contract	+14%	$440,000	$549,000	$499,450
Tredyffrin Median Sold Price	-39%	$474,750	$401,000	$287,500

*All Data Courtesy of TRend MLS and Terradatum is deemed accurate but not guaranteed and subject to errors and omissions.

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6 Tips For Real Estate iPhone Love

2009-06-30T14:11:17Z

6 Tasty Tips+8 Tempting Apps For Real Estate iPhone Love

My Apple iPhone 3GS adventure actually began more than a few years ago with a couple of Palm Pilots. I thought they were great until now!

Even though I’m an Apple newbie, I already love my iPhone3Gs. The new iPhone was a Birthday present.

The launch date fell exactly 30 days after my real birthday, so I was counting the days along with the rest of the world and just barely resisted the temptation to stand in line in the predawn hours at the Apple Store in the King of Prussia Mall on June 19th.

6 Tips + iPhone 3Gs Fav Real Estate Apps

Tip #1 – Be sure to download the latest version of iTunes before you try to sync your new iPhone for the first time. It’s a “must have” and a big file.
Tip #2 - Be prepared to manually save codes and passwords not in Outlook!
Tip #3 – Get a non-reflective plastic cover to protect the screen from scratches.
Tip #4 - If you like to wear your phone as I do, consider the Incase Clip Case. The clip folds out functioning like a convenient desk stand.
Tip #5 – Consider a car charger to recharge on the go. These goodies suck up those little juice bars faster than you can say, “AT&T”
Tip #6 - Get thee to an Apple Store and find the Geniuses in the Orange Shirts. They didn’t give up until they synced my favorite blue tooth ear piece. You’ll come away wishing all service was this good!

8 Favorite iPhone3Gs Apps…So Far!

The Apps alone are enough to send any minor league techie into nirvana. Most of the 50,000+ Apps are less than $1 or $2. These are my favs so far:

PhotoGene - Fun for house pics to buyers
Calc Pro - an excellent PITI+ Mortgage Calculator
NearBuy - shows current geotag location of real estate listings
Sharper Agent - MLS Listings Search
Google - with Google Apps and Voice Search
Weather Bug - great for road warriors!
365 Holidays - scheduling around holidays.
Yelp - foodie favs and events reviews

Contact or call Judy Peterson, Realtor, Prudential Fox and Roach Realtors with ALL of your Chester County Main Line Pa real estate questions and concerns and share your favorite iPhone Apps, 610-889-5509 direct or 484-431-7195 mobile.

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July 4th 2009 Fireworks Chester County Main Line Pa

2009-06-30T14:03:30Z

July 4th 2009 Fireworks, Parades and Fun in the Chester County Main Line Pa Area

The 4th of July is the traditional start of Summer, in Philadelphia and the Western Suburbs of Chester County, Montgomery County and Delaware County.

There will be many back yard picnics a few parades and some spectacular Fireworks displays for you to enjoy. I’ll be taking my best ever “secret recipe” deviled eggs to a party. Actually, I just make them the way my Mother did with a little pinch of this and that (except for the hot sauce and curry). But they really are the best ever!

Everyone likes to call their Fireworks the best ever. What do you think? Do you have a family fav?

*Philly 4th Fun, Fireworks and Parade – Philadelphia offers a week long celebration beginning June 25th with The July 4th Parade taking place this year in Historic Philadelphia starting at 11am. Fireworks can be viewed from the steps of the Philadelphia Museum of Art on the Benjamin Franklin Parkway starting at 10:30pm

*Wilson Farm Park 4th Annual Tredyffrin/Easttown Concert and Fireworks Display at 500 Lee Road in Chesterbrook, features Ben Mauger’s Vintage Jazz Band in a FREE concert starting at 7pm with a grand finale Fireworks Display about dusk, or 9pm.

*Radnor High School Annual Scholarship Fund Fireworks held at the Radnor High School playing fields at King of Prussia Road starting at 6:30pm on July 4th. July 5th Rain Date. Call 610-688-5600 for more information and advance tickets, group car rates. Bring a picnic blanket or chair.

*Longwood Gardens “Fireworks and Fountains” display is truly memorable and you can see the extravaganza July 4th 9:15pm, Founders Favorites Program and 8/8/09 or you can enjoy The Magic of ABBA at 8:15pm 9/6 and 9/19/09. Buy tickets online or call 610.388.1000 X100.

*Downingtown “Good Neighbor Day” at Kerr Park with events throughout the day, a craft fair and fireworks grand finale at 9:30pm

*7/11/09 You can join the fun in Downingtown Uwchlan Township for the 11th Annual Community Day in the Lionville Park on Devon Drive 4pm with a Fireworks Display Finale July 11th, 2009.

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1901 Parker Hill Lane Chester Springs Sunday Open

2009-06-14T16:19:38Z

Sunday Open House 6/7/ and 6/14/2009 2-4pm Parkerhill Lane in Chester Springs Pa

1901 Parker Hill Lane Pa in Chester Springs, West Pikeland, Pa 19425

You’re invited to our Open House, Sunday 6/7 and 6/14/2009 from 2-4pm

Come visit the first Sunday Open House on June 7th and Sunday June 14th, 2009 from 2-4pm to preview this spectacular Custom Designed Home. Experience the joy of the true Chester County Main Line Pa lifestyle in this convenient Chester Springs location. Bask in the superior quality amenities of a custom, unique architectural style home featuring dramatic yet cozy and livable spaces that will meet all of your family’s needs. Popular Downingtown East Public Schools PLUS access to sought after private schools such as the Kimberton Waldorf School and The Montgomery School. Popular Downingtown Pa, Chester Springs, Kimberton Shopping or zip into Wayne and Paoli for some favorite shops.

Highlights: First Floor Master Bedroom Suite, 6 Bedrooms, 6.2 Baths, In-Law Suite with private entrance, 4 car garage, custom pool/spa, 9ft and 10ft ceilings, palladium windows, chester county stone raised hearth fireplace and much, much more!

Directions: Route 202 to 401 West, right on Route 113, left on Horseshoe Trail, right on Parkerhill.

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Memorial Day Fun Main Line Chester County Pa

2009-05-23T19:14:54Z

Memorial Day Fun For May 2009 will include many back yard picnics throughout the areas of the Philadelphia Main Line and Western Suburbs of Chester County, Delaware County and Montgomery County.

As a youngster, I recall going to Woolworth’s Five and Dime Store to buy some flags (2 for a nickel) to line the path to our front door. Flags were intertwined with some beloved rose bushes that made our Philadelphia Twin Style home look very grand!

*Monday 5/25/2009 Radnor Memorial Day Parade begins at 9:45am “Rain or Shine” at 150 N Radnor Chester Road and proceeds West on Lancaster Avenue with a Memorial Day Ceremony at the corner of Aberdeen and South Wayne following the Parade.

*Sunday 5/31/2009 Malvern Pa Memorial Day Parade from 1:30pm to 4:30pm in the Borough of Malvern.

Whether you’re having a back yard picnic, headed “downtheshore” or plan to take a Chester County walk in the park for a picnic, there’s plenty to do.

Have a real estate question or see a house online or driving by that you want to know more about or would like to visit? I can help! This is a great time to be a Chester County Main Line Pa home buyer! Just send me an email or give me a call.

Enjoy a safe and happy Memorial Day Weekend!

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Gallop On Over To Devon Pa-Devon Horse Show

2009-05-22T01:47:40Z

Even if you’ve never ridden a horse or you don’t even have any intention of riding a horse you must gallop on over to the Annual Devon Horse Show And Country Fair in Devon, Chester County, Pa 19333 for a rollicking good time. Special equestrian events and Country Fair Events offer something for everyone.

There are so many fun things to do at the Devon Horse Show in Devon, Pa, that you won’t be sorry that you took my advice. Bring or borrow your favorite child to make the day all the merrier! Here are some of my photos from last year when I visited with my precious Granddaughter and her Mom and Dad.

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Ride the Ferris wheel, an old fashioned merry go round, and of course you just must get a lemon stick, with a touch of sweet and a little pucker up all in one with a candy stick inserted into a fresh lemon, a Devon Horse Show tradition since 1896. Visit the regal stalls and see some magnificent horses, visit the traditional Tea Cart, play some carnival games and shop the unique specialty shops of the Main Line. Maybe you’ll see the rich and famous such as William Shatner of Star Wars and Boston Legal fame who rides and shows at Devon as do many talented entrants from around the globe.

You have to admire the incredible skill and grace of all of the riders who so enthusiastically participate in the historic Devon Horse Show. Charming, and you know, totally Main Line! All for a good cause - to benefit Bryn Mawr Hospital. Having fun while doing good, another Main Line tradition!

Buy your tickets at the gate. Show times run from May 21 to May 30th.

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1901 Parkerhill Lane Chester Springs Pa 19425

2009-05-25T12:28:37Z

1901 Parkerhill Lane in Chester Springs Pa 19425

1901 Parkerhill Lane, Chester Springs Pa, 19425, a new Featured Listing and home for sale, is a stunning Country French Style Manor Home that combines the elegance of Philadelphia Main Line Style with an eye for Chester County Charm and quality details. This is the ideal country retreat home for you and your family, away from the hustle and bustle while just minutes to your favorite restaurants in the Philadelphia Main Line and Chester County Pa. Enjoy the following slide show or click on Virtual Tours above for more photographs of this unique property.

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The pride of ownership and the finest architectural design details are featured in quality materials such as Baldwin Brass, Kohler Sinks, Granite, Marble and custom Amish Kountry Kraft Cabinetry. Discriminating buyers will appreciate the superb quality upgrades.

All your family needs have been anticipated in this gorgeous home featuring 6 Bedrooms, 2 Family Rooms, a formal Living Room and Formal Dining room, first floor Study, Gourmet Kitchen, 6 Full Baths, 2 Powder Rooms, a first floor Master Bedroom Suite, an In-Law Bedroom Suite and an attached Au-pair Suite with bedroom and full bath with a private entrance PLUS a finished, heated, 4 car garage, a gorgeous pool and spa surrounded by professional landscaping and charming exterior Porches!

1901 Parkerhill Lane in Chester Springs is served by Downingtown East public schools. Offering a convenient location just off of historic Horseshoe Trail, with easy access to Route 113, Charlestown Road, Route 29 and Route 401 providing quick access to all major Corporate Centers. You’ll find some fab shopping choices in Exton, Downingtown and King of Prussia or zip into Paoli or Wayne in less than 15 minutes for your favorite shops.

Chester Springs, Downingtown, Uwchlan, Upper Uwchlan and West Pikeland is an area that abounds in fun things to do. Visit the Yellow Springs Art Center, Marsh Creek State Park, Valley Forge National Park, The Mill At Anselma or the best ice cream ever at Milky Way Farms! And don’t forget fine dining or Sunday Brunch at some charming, fun local restaurants like The Kimberton Inn, Duling Kurtz, The Vickers or Birchrunville Cafe.

For Additional Information Call:

Kathy Gagnon Prudential Fox Roach Exton 484.875.2581 or

Judy Peterson Prudential Fox Roach Devon 610.889.5509

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766 Hedges Ln Wayne Pa 19087 Open 5/3/09

2009-05-02T13:13:51Z

You’re Invited To 766 Hedges Lane, Wayne Pa 19087 Sunday Open House 5/3/2009 2-4pm

Directions: - Route 30 West to right on Old Eagle School Road, right on Mancill Road to first left on Hedges Lane to 766 Hedges Lane, Wayne Pa, 19087. Enjoy a quiet cul-de-sac location that’s just minutes to the Strafford Wayne Train Station and downtown Wayne Shopping. Sought after Tredyffrin Easttown Schools.

Featuring a spacious Cape Style Home with 5 bedrooms 3.5 baths and a first floor master bedroom suite in Tredyffrin Township. Call Judy Peterson for additional information 610-889-5509.

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