Published June 24, 2021

Home Price Update - Chester County - Summer 2021

Written by Rory Burkhart

Home Price Update - Chester County - Summer 2021 header image.

Clients and friends –

You are getting this email because I helped you buy or sell a home here in?the Chester County area, you inquired about real estate, or you are a friend or family member.

I want to let you know the Chester County real estate market is the most active I’ve ever seen. This is not a 2008-2009 bubble, either – loan standards are high right now. This is true buyer demand.

Last year, Chester County’s home inventory was down 38% versus 2019. This year, we are down 70% from 2020. That’s crazy.

I just helped a buyer secure a 2.75%,?30-year loan, too. Interest rates were closer to 18% in the 1980s!

If you are thinking of selling your home this summer, you will likely get the highest price ever for your home. We have seen?the average sales price in Chester County rise 26% just over the past 16 months!

With this shortage of homes, I have several homebuyers willing to pay “whatever it takes” to get into a bigger home in a desirable location since so many people are working from home.

My phone rings off the hook now. I may be able to arrange an off-market sale so you can skip the strangers walking through your home?while still getting full market value — at your price.

Please call me at (484) 588-5000 or reply to this email and let me know if you are thinking of selling your home.

You can also check out what your home may be worth in today’s market on my website.

It will give you an accurate idea of what your home would sell for based on your neighbors’ recent home sales – I pay a lot of money for this tool, and it is free to you.

You can also search all homes for sale in this area on my website too. These searches include professional photos and the ability to schedule an appointment with just a button click.

The No. 1 concern I am hearing from my clients, however, is “Where will I move if I sell now?”

I have the solution to this very problem – few people know about it…I work with a lender who can likely get you a “bridge loan”.

For a few thousand dollars of interest (well spent), you can get cash upfront to buy your next home now without selling your current home first. Yep, it is possible to sell your house?after?buying now.

This allows you to make an all-cash offer to beat out every other buyer who is subject to getting a mortgage and skip the hassle of timing your closing dates.?

You simply move into your new home and?then?we sell your old home – it is what the super-rich do, but now it is possible for you. This is how smart sellers are buying their next home in this hot market.?

You get the certainty of buying the new home you want first and then being able to sell after.

Call me at (484) 588-5000 or just reply to this email and I can explain how it works.

With that, I will continue to send you helpful video updates about what is going on in the Chester and Delaware County real estate markets. You can watch any of my video and resource material here: https://burkhart.realty/blog

If you are thinking about selling your home this summer, please let me know – I can point you in the right direction of what you need to do now to make sure that it is a painless experience and you sell your home for the highest possible price.

I know exactly what buyers are looking for — and with a few inexpensive improvements now — we can likely add thousands of dollars to your sales price.

Stay in touch. Things are looking up after a crazy year.

Rory Burkhart
CEO and Associate Broker
The Burkhart Realty Group

The Burkhart Realty Group
Keller Williams Realty
484-588-5000
burkhart.realty
roryburkhart@theburkhartrealtygroup.com
210 S. Mill Rd. Ste. 104 Kennett Square, PA 19348

Home Price Update - Chester County - Summer 2021

Rory Burkhart

CEO & Associate Broker | The Rory Burkhart Team | eXp Realty