Keith Reilly Real Estate

677-693 South State Street
Newtown, PA
(215) 595-7953

Read below our Question and Answer Section

Bucks County is known for its scenic beauty, rich history, quaint towns, award winning school districts and its convenient access to Philadelphia and New York.

Simply put, Bucks County is as unique as the various types of people that call it home.  Its many different townships and boroughs offer about as many different types of lifestyles that are out there today in a non-metropolitan area.  Historical attractions, picturesque wilderness,  rural farmland with lonely winding roads, family-oriented suburban neighborhoods, downtown boroughs with cultural, city-like atmosphere, along with all the local dining, shopping and entertainment in between, is what makes Bucks County such an attraction.  Lets not forget its convenient location to rail, highways and major cities.  Bucks County offers so many attractions to so many different types of people that it continues to be a very popular place to call home.

Keith – Up Close and Personal

Keith was born and raised in Yardley, PA.  He understands how important the purchase or sale of your home is and makes himself readily available, returning phone calls and emails promptly. Having extensive knowledge and experience within the real estate industry, he will provide sound advice, guidance and leadership throughout your sales process.

His relationships with some of the finest lenders, title companies, appraisers and others in the industry will make the process seamlessly easy.  More importantly, his clients are his friends. He is straightforward and honest in his entire approach and is dedicated to your success.

What people are saying:  Testimonials here

Frequently Asked Questions

Question #1:

What is going on with the real estate market in Bucks County and what can we expect for the future?

Answer:

As far as the Bucks County market, things are looking up. Single family resale for April of 2010 shows a median price of $283,000, as compared to the median price of $275,000 for April of 2009 (TREND MLS). I expect things to slowly improve over time as the glut of inventory continues to slowly but surely be reduced. You are not going to see drastic appreciation anytime soon, but I see the inventory thinning out and the Bucks County market slowly improving over the next two years.  This is as long as credit is available to qualified buyers and unemployment rates in the greater Philadelphia region do not continue to rise.

Question #2:

I am currently on the market to buy a home. Is it a good idea to buy a foreclosure?

Answer:

It depends on your situation. A foreclosure (otherwise known as a short sale) can often times take up to 6 months or more to close. Are you prepared to wait that long? Also, If you buy a foreclosure, be prepared for a lot of issues with the home. Other things to consider:

• Can you fix the home yourself , or is it going to cost you to have contractors fix it? 
• Are those repair costs going to ultimately cost you more than buying a house in better condition? 

Unless you are good with your hands and your current living situation is flexible enough to allow for an extended settlement, I would tell you to try and shy away from short sales if you can.

BucksCountyMoves.com for all things real estate in Bucks County, PA
 

Question #3:

What are some things that I can do to increase the value of my home?

Answer:

First, you need to evaluate your plans carefully if you're improving your home to put it on the market. Cutting corners could hurt rather than help your prospects, but you don't want to go overboard either. Your home's value should be no more than 20% above the average. That means a $10,000 kitchen improvement project might be a better idea than a $10,000 hot tub, especially if no other homes in your area have hot tubs.

A few projects that will increase the value of your home are adding bedrooms, adding a master bathroom, updating the bathrooms, updating the kitchen, exposing hardwood floors, adding a fireplace and finishing the basement.

Remember, when it comes to your home, it's important to keep pace with your neighbors. Don't let your home become the most expensive on the block – but don't fall behind either. This is a case where it's best to be right in the middle!

Question #4: