With inventory low and so many people looking for a home in Montgomery County, buyers are willing to pay premium prices while overlooking things they otherwise may have considered dealbreakers, writes Eileen Smith Dallabrida for Main Line Today.
For example, Conshohocken has seen its median home price increase by 14 percent year over year, with homes now remaining on the market for just seven days on average.
But despite the strong seller’s market, some things should not be overlooked, according to Myrna Josephs, a realtor with Berkshire Hathaway HomeServices Fox & Roach in Spring House. Josephs recently advised a prospective buyer not to forgo a home inspection of a home built in the 1930s.
“There are too many things that can go wrong with a house that’s almost 90 years old,” said Josephs.
Meanwhile, a young couple who have been trying unsuccessfully to buy a home for months finally found a house that would be perfect for them – other than one thing. It is next to a cemetery.
Still, “we’re taking a look,” said Josephs.
Read more about the real estate market in Main Line Today.