It’s a few pieces of paper that can save you a lot of trouble down the road. It’s called the seller disclosure form, and it’s one of the most important things you, as a seller, will fill out as part of selling your home.
So what is a seller disclosure? It’s a form that outlines any conditions that might affect your property’s livability or value. Items a seller would disclose to potential buyers include wood eating pests, radon or other environmental issues, foundation problems and plumbing or electrical issues.
Pennsylvania requires sellers to fill out the disclosure form, only estates and bank owned properties are exempt. Sellers who do not disclose major issues – let’s say a broken HVAC system, leaking pipes or mold growing in the basement – could be on the hook for paying to fix the problems or wind up in court, even after closing.
Marketing a home “as is” or claiming you didn’t know about certain problems doesn’t save you from the responsibility of completing a full and honest disclosure.
Despite the fact the buyers will likely hire a home inspector, if you’re aware of major repairs and problems ahead of time, it’s better to be safe than sorry and disclose what you know. It will save you time, money and (quite possibly) the entire transaction if you’re upfront with potential buyers.
Rotary Club of Hamlin
On July 8 the Rotary Club of Hamlin installed its new officers at a BBQ Dinner at the Hideout Arts Center. District Governor Carol Hemphill was on hand to install the new officers. Harry Talalas took over leadership from outgoing president, Mary Ellen Bentler. Past District Governor Kerry Nix and Past Assistant Governor Bob Chevey were also in attendance.
Other officers installed included Terry Ditty, President-elect, Terry Gunning, Vice-President, Larry Ditty, Treasurer, and Eileen Talalas, Secretary. Incoming members of the Board of Directors included Mary Ellen Bentler, Past President, Charlie Hargonich and Pam Kahn. George Geyer was appointedSergeant at Arms.
The Club is entering its third year having been chartered on July 18, 2012. In its short history, the club has established an on-going food drive in support of the local Food Pantry; supplies were collected and delivered to victims of Hurricane Sandy in NY and NJ. Salem Park has benefited from the donation of benches, which were built by the woodworkers club in the Hideout, and bleachers and the park will receive playground equipment and another set of bleachers later this year. The club awarded a Rotary scholarship to Cassandra Reeke, a 2014 graduate of Western Wayne, another WWSD student, Jessica Hampton, received both local and district awards for her essay on community service. The club also sent a Wallenpaupack High School student who lives in Lake Ariel to the Rotary Youth Leadership conference. The club completed a successful soap collection drive intended to improve hygiene efforts in underdeveloped areas at home and abroad. Hamlin Fire and Rescue was the recipient of a Rotary donation from funds raised from a recent Flea Market.
The club welcomes those interested in serving their community to visit a local meeting, held Tuesdays at Bennoco's Restaurant, 5:30 pm.
Summer in the Lake Region
Summer is in full swing in the Lake Region! The area fireworks were phenominal- especially those at Lake Wallenpaupack, Lake Ariel, The Hideout, and even Lake Henry (I was able to see them from my driveway!) The echo of fireworks over mountains is really something everyone should experience. They seem to go on and on, literally rolling over the mountains.
Bethel Woods has a fantastic lineup this summer. Only an hour or so from Lake Ariel, there are great shows and I am especially looking forward to Jimmy Buffet on July 17. You can check out all the upcoming shows at their website: http://www.bethelwoodscenter.org/
The next big event in Wayne County is the FAIR! Fair week is the 1st week of August and it's a true country/ county fair with 4H animal exhibits, rodeo, shows and rides. If you've never experienced a "County Fair", it's definitely worth a visit. There is still time to rent a home for the week and you can call us for availability.
Pike Wayne Quartely Indicator Report
Number of homes sold is + 4.3%
Number of homes for sale - 8.5%
Average sold price - 6.5%
In its entirety, 2013 proved to be a good year for housing. Home sales and
prices were broadly higher across the nation, while foreclosure loads, the
number of homes for sale and the number of days it took to sell a home were all
much lower. Multiple-offer situations became commonplace again and prices in
many areas rallied to multi-year highs. This, of course, varied by location and
segment, but the proverbial glass appeared to be more than half full throughout
Median Sales Price
Residential real estate activity in the counties of Pike and Wayne,
comprised of single-family properties, townhomes and condominiums
combined. Percent changes are calculated using rounded figures.
riginal List Price Received
New Listings remained flat at 513. Pending Sales were up 2.5 percent to 329.
Inventory levels shrank 8.5 percent to 1,822 units.
Prices softened somewhat. The Median Sales Price decreased 6.5 percent to
$130,000. Days on Market was up 0.6 percent to 167 days. Absorption rates
improved as Months Supply of Inventory was down 22.2 percent to 12.6
Housing is fortified by confident consumers and good jobs. The year 2013 was
marked by a slowly improving labor market stunted by political gridlock, and the
Federal Reserve's long-awaited taper announcement was not surprising.
Interest rates remain low (but upwardly mobile), prices are still affordable, the
employment picture looks decent and the stock market is up nearly 30.0
percent from this time last year. It's no wonder that buyers were active in 2013.
Here's to more of the same in 2014.
Current as of January 9, 2014. All data from the Pike/Wayne MLS. Provided by the Pennsylvania Association of Realtors®. Powered by 10K Research and Marketing.
Warming up in Northeast PA
Happy New Year from Chilly Lake Ariel PA! The wind chill over the past week has set some records but we have our ways of countering the effests. For example, what better way to warm up than in front of a roaring fire sipping hot cocoa! Head on over to the Hideout Ski Hill where the fireplace in the Lodge snack bar is blazing. If you start to get too warm, slip on a pair of skates and check out the new skating rink. The slopes are also fine with a combination of man made and natural powder.
Lake Wallenpaupack is an awesome view when frozen over. You can enjoy the vistas from the warmth of your table at Ehrhardts while embibing in a sweet Irish Coffee. Better yet, lets talk about your own Lakeside cottage. Lakefront Homes for sale are at their most affordable price in 10 years. Coupled with todays low mortgage rates, they are now affordable to many. For a list of the homes available on Lake Wallenpaupack, check out the search we have completed for you.
Here's a great home not to be overlooked on your next visit to the Hideout. It's a large ranch on a view lot with 2 car garage, basement that is ready to finish, florida room, craft room, master suite and more. You can find more details at our website www.hideouthomes.net
The Hideout is a gated community with 3 lakes including the motorboating Roamingwood Lake. Beaches, pools and parks are private for the exclusive use of Hideout Homeowners and guests. Members also enjoy access to the private 9 hole golf course, ski hill and indoor sports complex with indoor tennis, fitness center and spa. Located in Lake Ariel, it is just over 2 hours to metro centers of NYC and Philadelphia. Whether looking for a great vacation spot or home away from the hustle and bustle, Hideout homes range from under $100k, up to $700k for a Lakefront luxury retreat.
OK, so I was told if I wanted better web hits, I should make sure to use "keywords" throughout my blog. So I am going to list ALL the keywords I can think of... Call or email me if you see any I missed!
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I'm having fun creating "single property websites" for some of my listings. Check this one out- its a ranch style home located near the golf course.
So many people comment on the number of listings available in Lake Ariel that I decided to spend a few minutes talking about it. Hopefully this helpful to those concerned about the number of homes on the market.
Located in northeastern Pennsylvania, the village of Lake Ariel is an unincorporated community in Wayne County, Pennsylvania, United States. The village is dominated by a church (Roman Catholic), 3 restaurants, a bank, the Post Office and a small market/ gas station.
The Lake Ariel Post Office provides rural delivery service to households in Lake, Salem, S Canaan, Jefferson, Paupack, and Sterling townships and crosses into 2 counties. The area is home to several recreational communities and is a popular destination for second home owners. The Hideout is the largest community served and has 4100 properties over 2700 acres. With some listings in Lackawanna County, many agents opt to participate in 2 Multi-list Service which results in duplication of listings.
Waterfront living is just a dream for many but this 4 bedroom home on Deerfield Lake in the Hideout can help pay for itself with a great rental history! Check out the YouTube video tour right here: