Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

Price:
$349,900  -$9,100 on 11/11/11
Est. payment: $2,057/mo
Bedrooms: 4
Bathrooms: 1 full, 1 partial
Property type: Single-Family Home
Size: 1,750 sqft
Lot:
Price/sqft: $200/sqft
Year built: 1959
Added on Trulia: 71 days ago
Total views: 1,327 (as of 1/9/12)
MLS/ID: 5966402
Nearby School: Glenwood Elementary
Zip: 19063

Detached,Split/MultiLevel, Colonial – Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

Everything is fresh and clean. This Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063 has been redone inside and out. Enjoy easy living in this 4 bedroom, 1.5 bath home with lovely large lot on great street near Lenni Park. Sit on the new deck overlooking the woods. New windows, new siding, new carpeting, refinished floors, new tiled laundry room, new bathroom. Freshly painted interior. Updated kitchen with granite counter tops and refinished hardwood floors. New garage door.  This is a must see Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

Listing Info for Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063

  • Price: $349,900
  • Status: For Sale
  • MLS/Source ID: 5966402
  • 4 Bedrooms
  • 1 full, 1 partial Bathroom
  • 1,750 sqft
  • Single-Family Home
  • Built In 1959
  • Style: Colonial
  • Roof: Composition Shingle
  • Parking: Garage
  • Parking Spaces: 1
  • Rooms: 7
  • Deck
  • Skylight
  • Floors: Brick
  • Floors: Carpet – Full
  • Floors: Tile
  • Floors: Wood
  • Oven
  • Heating Fuel: Natural Gas

Schools near this Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063:
[schoolsearch lat=”39.8998869″ lng=”-75.44495419999998″ distance=”3″ groupby=”gradelevel” output=”table”]

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Fax: (610) 771-4480

Email: anthony@anthonydidonato.com
Call me for info on this Home for Sale Delaware County, 8 Highpoint Drive, Media PA 19063.

Home for Sale Delaware County, 500 Summit Court, Media PA 19063

Home for Sale Delaware County, 500 Summit Court, Media PA 19063.

Price:
$330,000
Est. payment: $1,940/mo
Bedrooms: 4
Bathrooms: 2 full, 1 partial
Property type: Townhome
Size: 2,534 sqft
Lot: 3,484 sqft
Price/sqft: $130/sqft
Year built:
Added on Trulia: 41 days ago
Total views: 316 (as of 1/9/12)
MLS/ID: 5976897
Nearby School: Indian Lane Elementary
Zip: 19063

Row/Town House/Cluster, EndUnit/Row – Home for Sale Delaware County, 500 Summit Court, Media PA 19063

You must see this beautiful spacious end unit Home for Sale Delaware County, 500 Summit Court, Media PA 19063 in desirable Hillcrest community in Rose Tree Media School Distict. This 4 bedroom, 2 1/2 bathroom townhome has many upgrades. Originally the builder’s custom home, it has unique details. The kitchen opens into the family room with fireplace and ceramic tile floors. There is a formal living room and dining area with hardwood floors and numerous windows which offer plenty of light. The dining area has sliders to a spacious deck. On the second floor there is a master bedroom and bath and two additional bedrooms and a hall bath. The fourth bedroom can be an au pair suite, a playroom, or a home… office. The lower level has a finished family room with a stone fireplace and sliders to a patio that looks out onto open space plus a separate play area. Hill Crest is a family oriented community with outdoor movie nights in the summer, holiday celebrations and plenty of open space to walk and run. THIS IS NOT A DRIVE BY. Come and visit this lovely Home for Sale Delaware County, 500 Summit Court, Media PA 19063.
Home for Sale Delaware County, 500 Summit Court, Media PA 19063

Home for Sale Delaware County, 500 Summit Court, Media PA 19063

Listing Info for Home for Sale Delaware County, 500 Summit Court, Media PA 19063

  • Price: $330,000
  • Status: For Sale
  • MLS/Source ID: 5976897
  • 4 Bedrooms
  • 2 full, 1 partial Bathrooms
  • 2,534 sqft
  • Townhome
  • Lot Size: 3,484 sqft
  • Roof: Composition Shingle
  • Rooms: 7
  • Cable Ready
  • Floors: Brick
  • Floors: Carpet – Full
  • Floors: Tile
  • Floors: Wood

Public Records for Home for Sale Delaware County, 500 Summit Court, Media PA 19063

Official property, sales, and tax information from county (public) records as of 03/2011:

  • Single Family Residential
  • 3 Bedrooms
  • 2 Bathrooms
  • 1 Partial Bathroom
  • 2,534 sqft
  • Lot Size: 0.08 acres
  • Built In 1986
  • Stories: 2 story
  • A/C: Central
  • Heating: Central
  • Exterior Walls: Stucco
  • 6 Rooms
  • 1 Unit
  • Basement: Full Basement
  • Fireplace
  • County: Delaware

Property Taxes for Home for Sale Delaware County, 500 Summit Court, Media PA 19063

Year Value Land Improvements Total Tax
2011 Assessed $173,930 $5,350

Schools near this Home for Sale Delaware County, 500 Summit Court, Media PA 19063:
[schoolsearch lat=”39.88545269999999″ lng=”-75.42309569999998″ distance=”3″ groupby=”gradelevel” output=”table”]

Business near this Home for Sale Delaware County, 500 Summit Court, Media PA 19063:
[yelp lat=”39.88545269999999″ lng=”-75.42309569999998″ radius=”3″ sortby=”distance” term=””]

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this Home for Sale Delaware County, 500 Summit Court, Media PA 19063 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Fax: (610) 771-4480

Email: anthony@anthonydidonato.com
Call me for info on this Home for Sale Delaware County, 500 Summit Court, Media PA 19063.

 

Lake Erie “Mod Pod” Listed for $19.5M; Was Drop Ceiling Inventor’s Shangri-la

Dobermans released every two hours to patrol the property. Underground streets lined with a restaurant, bars and a barber shop. A private beach and marina sculpted into the shores of Lake Erie. Helicopter pad. Rotating garage floor made of marble so no one had to back out that rare Ducati.

These are just a few of the unique features found in the Waterwood Estate, a fascinating Ohio property owned by the late Don Brown, an inventor who gave the world the drop ceiling.

“It takes four-and-a-half hours to show this property,” said Scott Street of Sotheby’s, the listing agent for the Waterwood Estate, which is now listed on the Vermilionreal estate market for $19.5 million.

The property sits on 160 acres, boasts three-quarter miles of frontage on Lake Erie and contains a series of “pods” connected by glass corridors that were navigated by scooters and golf carts.

When Brown and his wife, Shirley, were killed in a plane crash in 2010, their two living sons (their third son,Kevin, died in a speed boat race in 1989) decided to sell the sensationally unique property. But to who?

So far, Street said the listing has attracted a ministry group and a group of Colorado helicopter pilots have expressed interest in turning the property into a fly-in, fly-out resort (Waterwood comes with an FAA-approved helicopter pad). Then there’s a couple who, perhaps like the octogenarian Browns, wants to grow old in an amenity-laden house.

“This was a very forward-thinking house when it was built in 1990 in terms of systems and functionality,” said Randal Darwin, vice president of CB Richard Ellis, the firm brought in to help market Waterwood.

“It was 20 years ahead of its time because of its features and unique characteristics. Mr. Brown literally broke the mold on this house. I know he had the white brick specially fabricated for this project and when it was done, he had the molds destroyed so no one else would ever use them,” Darwin said.

These few details only begin to tell the story of Brown’s Waterwood Estate. One other important fact? The listed size of Brown’s dream house is off — by about 30,000 square feet.

The Inventor and the Architect

“They’ve got the square-footage listed wrong,” said architect Hugh Newell Jacobsen. “It’s not 38,000 square feet. It’s 60,000 square feet. The underground floor is the same size as the main floor. They forgot to count that.”

Jacobsen would know about the true size and intricacy of the Brown estate. The world-acclaimed architect was hired by Brown to deliver the visionary design, just as Jacobsen has done for more than 400 private homes for clients that included Jackie Onassis, Meryl Streep and members of the Mellon family. But the collaboration ended when the secretive Brown fired Jacobsen.

“We were a year-and-a-half into the project and he sacked me. I’ve never been fired before,” Jacobsen said from his Washington D.C. office, still bemused about the turn of events.

“He kept a secret of his life. He thought everyone wanted him. He’d say, ‘Hugh, jealousy is a terrible thing.’ I asked him, ‘Don, do you think I’m jealous of you?’ I think he was offended,” Jacobsen said.

At 81, Jacobsen has been at the forefront of American architecture for sixty years, ever since he attended Yale and apprenticed with Philip Johnson. The rich and famous are Jacobsen’s clients. He delivers uniquely landscaped structures that reference the Quaker-simple lines of the American barn, smokehouses and farmhouses. He has won many awards and published three books cataloging his work, but his first look at the Waterwood Estate came when he saw listing photos after the property was put up for sale.

“About two months before he died, after 20 years since I’d heard from him, he called and said,  ‘I guess you’d like to see the place.’ I said, yes, I’d like to see it. My homes are like my children. But then he died in the crash,” Jacobsen said.

Jacobsen used his trademark “pod” style design to give the design more flexibility and allow it to evolve as Brown wanted other things added. The entire home is a series of 20 castle-like concrete buildings connected by glass corridors and each structure is topped with a slate pyramid.

Marble, Glass, Polar Bears and Dobermans

On the lower level of the house, there are a series of streets built to scale and named after streets in cities like Georgetown, Paris and Savannah.

“There were five bars in the house, one with a full-mounted polar bear. There’s a barber shop with a pole where Don would go every morning for a shave. At one end of the house, he had cages that would open every hour on the hour and two Dobermans trained to run the perimeter of the property would run out. The next hour, another pair would take off,” Jacobsen said.

He also used tons of sand and dirt from the lake shoreline, where cliffs were graded to build a beach and the harbor, to shape hills into the flat, Midwestern terrain. From the road, the house is not visible behind those hills. But from the lake, boaters can see the modernist white castle.

If it sounds wild, Jacobsen disagrees.

“No, it’s not wild. It’s your dream. This house is the house of an inventor. It has a space where, inside eight white columns, there are chairs and a couch. This floor lifts up through the ceiling to a pergola so guests can look out over the lake. The floor also goes down to the ground floor, where there’s a piano so the family can sing Christmas carols,” Jacobsen said.

“Near the main entrance, there is a 10-by-10-foot room behind the closet. You slide the door, remove the clothes’ pole and there’s a fully decorated Christmas tree. The room had its own air filter and air conditioner to keep the dust off the ornaments. He was so embarrassed about having a fake tree he had it sprayed so that it smelled like pine needles,” he said.

What amuses Jacobsen is that despite being fired, his plans were fully executed. Brown brought in another renowned and innovative architect, the late Hideo Sasaki.

“Don told Sasaki, ‘Don’t change Jacobsen’s plan.’ And they didn’t change a thing. Sasaki would call and tell me,” Jacobsen said.

During his lifetime, Don Brown never allowed the property to be photographed. It was a sanctuary for his family, lacking for nothing. Now, with the house listed for sale and photographs to prove its splendid fruition, the architect who designed Don Brown’s house is curious.

“He was building his dream, he had money and he hired me. We bought the furniture, the art, we did the landscape, then I was fired. I’d like to see it, but I’ve  never paid my own airfare to see a home I built for a client,” Jacobsen said.

And if you’re wondering whether the home has a drop ceiling, it does — in a workshop.

Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008

Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008.

Price:
$1,189,000
Est. payment: $6,991/mo
Bedrooms: 5
Bathrooms: 4 full, 2 partial
Property type: Single-Family Home
Size: 6,000 sqft
Lot: 196,020 sqft
Price/sqft: $198/sqft
Year built:
Added on Trulia: 100 days ago
Total views: 476 (as of 1/6/12)
MLS/ID: 5952561
Nearby School: Paxon Hollow
Zip: 19008

Single Family/Detached, Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008

Rarely does a property like this Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008 come up for sale that has such a story to tell. Built by Frank Facciolo, an entrepreneur and philanthropist of the post WW 2 area, it is a statement all that is good about life. A retro style that has retractable windows and some other special advanced ideas awaits the creative touch of a special buyer. Built to last, with stone and wood frame, this home sits on almost five beautiful acres that overlook the seventh hole of Paxon Hollow Country Club Golf Course. Having the choice of the best piece of land in 1954 is evident here. The home sits perfectly to enjoy the evening sunsets after a hard days work,… 2 exterior slate patios, sun room with slate floor. Attention Builders, subdivision possible.

Listing Info for Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008

  • Price: $1,189,000
  • Status: For Sale
  • MLS/Source ID: 5952561
  • 5 Bedrooms
  • 4 full, 2 partial Bathrooms
  • 6,000 sqft
  • Single-Family Home
  • Lot Size: 196,020 sqft
  • Roof: Composition Shingle
  • Rooms: 10
  • Attic
  • Intercom System
  • Security System
  • Cable Ready
  • Floors: Brick
  • Floors: Carpet – Full
  • Floors: Tile – Stone
  • Floors: Tile or Stone
  • Floors: Vinyl
  • Floors: Wood
  • Dishwasher
  • Cooktop
  • Oven – Self-Cleaning
  • Oven – Double
  • Heating Fuel: Oil
  • Dishwasher
Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008

Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008

Schools near this Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008:
[schoolsearch lat=”39.959967″ lng=”-75.36647240000002″ distance=”3″ groupby=”gradelevel” output=”table”]

Business near this Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008:
[yelp lat=”39.959967″ lng=”-75.36647240000002″ radius=”3″ sortby=”distance” term=””]

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Fax: (610) 771-4480

Email: anthony@anthonydidonato.com
Call me for info on this Home for Sale Delaware County, 35 Pine Tree Drive, Broomall PA 19008.

Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Price:
$259,900  -$10,000 on 10/25/11
Est. payment: $1,528/mo
Bedrooms: 3
Bathrooms: 1 full, 1 partial
Property type: Single-Family Home
Size: 1,679 sqft
Lot: 21,780 sqft
Price/sqft: $155/sqft
Year built:
Added on Trulia: 86 days ago
Total views: 616 (as of 1/5/12)
MLS/ID: 5957911
Nearby School: Marple Newtown
Zip: 19008

Single Family/Detached, Colonial – Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Well maintained stone front split level Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008 on oversized lot. Refinished hardwood floors on 1st & 2nd floors. Spacious living room with vaulted ceiling and giant picture window, formal dining room with new picture window, large eat in kitchen with side exit to yard, large lower level with utility room and powder room- additional storage. Second floor offers a spacious masterbedroom and two additional bedroom with good closet space- full hallway bathroom round out the second floor. Oversized one car attached garage with new door and automatic opener. Updated systems and newer roof make this home a sound buy for the price.

Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Listing Info for Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

  • Price: $259,900
  • Status: For Sale
  • MLS/Source ID: 5957911
  • 3 Bedrooms
  • 1 full, 1 partial Bathroom
  • 1,679 sqft
  • Single-Family Home
  • Lot Size: 21,780 sqft
  • Style: Colonial
  • Rooms: 9
  • Floors: Wood
  • Heating Fuel: Natural Gas

Public Records for Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Official property, sales, and tax information from county (public) records as of 03/2011:

  • Single Family Residential
  • 3 Bedrooms
  • 1 Bathroom
  • 1 Partial Bathroom
  • 1,679 sqft
  • Lot Size: 0.49 acres
  • Built In 1958
  • A/C: Central
  • Heating: Central
  • Parking
  • 7 Rooms
  • 1 Unit
  • Construction: Stone
  • Basement: Full Basement
  • County: Delaware

Property Taxes for Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008

Year Value Land Improvements Total Tax
2011 Assessed $164,390 $4,228

Schools near this Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008:
[schoolsearch lat=”39.96995″ lng=”-75.35302300000001″ distance=”3″ groupby=”gradelevel” output=”table”]

Business near this Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008:
[yelp lat=”39.96995″ lng=”-75.35302300000001″ radius=”3″ sortby=”distance” term=””]

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about thisHome for Sale Delaware County, 300 North Malin Road, Broomall PA 19008: and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this Home for Sale Delaware County, 300 North Malin Road, Broomall PA 19008:.

 

Real estate resolutions, predictions, wish lists for 2012: Part 2

Real estate resolutions, predictions, wish lists for 2012: Part 2

Industry professionals keep optimism alive

By Inman News, Monday, January 2, 2012.

Inman News asked readers to share their expectations for real estate’s top issues and trends in 2012, and to find out what tops their wish lists and to-do lists in the year ahead.

The following is a collection of some of the submissions received.

What are the top items on your real estate wish list for 2012?
(I want) the government to do something for the people who are making an effort to keep their homes and are underwater through no fault of their own. Refinance (the homes) with the current value and work out a profit-sharing program when they sell in the future.

Jobs, jobs, jobs are what we need to get our local real estate market back on the road to recovery. If first-time homebuyers make up about 50 percent of our business, give them jobs so they can buy homes — which would enable the sellers of those homes to buy up to the next level.

What are your top New Year’s resolutions for real estate in 2012?
1. Use more value-added services for our Realtors and buyers/sellers.
2. Recruit the best experienced and new Realtors to the business to help our company gain market share.

What do you expect to be the top trends and hottest issues in real estate in 2012?
More short sales, some new construction starting in moderate price ranges, giving buyers more choices than they have had in the past five years.

Kathy Kuyoth
Broker/co-owner
Re/Max Preferred Associates

What are the top items on your real estate wish list for 2012?
1. A stable Germany with an AAA rating.
2. A strong European policy in order to secure the stable euro.
3. Continued positive economic growth in Germany.
4. We want to continue our business in Asia to expand and achieve over 50 percent of our revenues in the next year with Asian investors.
5. Our headquarters in Germany (Berlin, Potsdam and Munich) will be expanded by adding headquarters in Düsseldorf and Hamburg.

What are your top New Year’s resolutions for real estate in 2012?
1. No longer the big ones swallowing up the small ones, but rather the quick ones swallowing the slow ones.
2. Stability and continuity instead of hecticness.

What do you expect to be the top trends and hottest issues in real estate in 2012?
1. If the European economic and financial crisis continues, the conditions for the development of the real estate market will get worse.
2. Not all areas will be affected equally — the housing market will be less affected than the office market.

Carsten Heinrich
CEO
Rubina Real Estate (Germany)

What are the top items on your real estate wish list for 2012?
A banking industry that responds to its clients in a human way.

What do you expect to be the top trends and hottest issues in real estate in 2012?

  • The media will continue to muddy the waters with articles meant to scare and confuse.
  • The slow climb back to a predictable market in sales.
  • The flushing of agents who don’t embrace Internet marketing for their clients.

Larry Lawfer
Realtor, director of marketing
RE/MAX Landmark

What are the top items on your real estate wish list for 2012?
Agents who get out from behind a computer and spend more time with customers and potential customers.

What are your top New Year’s resolutions for real estate in 2012?
Package our company training in a way that results in a direct positive impact on productivity.

What do you expect to be the top trends and hottest issues in real estate in 2012?
The use of data by third parties at the expense of agents and brokers. Enough of selling back to us our own leads!

Laura Benson
Director of agent services
Michael Saunders & Co.

Mushroom Home in Perinton, NY

For sale: $1,100,000

This whimsical construction in upstate New York was custom-built in 1971 and was designed to look like a stem of Queen Anne’s Lace, but due to its pod-like structure, it is most often referred to as the “Mushroom House.”

Location: Perinton, NY (approximately 10 miles southeast of Rochester)

Architecture style: “Pod” design

Year built: 1971

Details: 3 bedrooms, 3 bathrooms, 4,168 square feet

Notable facts:

When Robert and Marguerite Antell purchased a 1.2-acre lot in the Rochester suburb of Perinton, they wanted a custom-built home that had a “natural, honest feeling” and was “informal, open and comfortable.”

Upon hearing this description of their dream home, architect James H. Johnson reportedly handed the Antells a glass Coke bottle with three stems of Queen Anne’s Lace inside, telling her “this is your home.”

The final result was a home made up of five interconnected pods, situated on a hill at the tree line, which was designed to blend art and nature.

Building five pods to sit on concrete and steel “stems” was no easy feat. According to documents from Periton’s landmark association, the builders made several failed attempts before constructing pods into two parts — a bottom to sit on the stems and a top. Both sections were made of concrete and polyurethane.

The pods are 30 feet in diameter and weigh 80 tons. Two pods are sleeping areas, the center pod contains the kitchen and sitting room and a fourth pod is a living and dining area with a fireplace. The fifth smaller pod serves as the deck. All together, the home has 4,168 square feet of living space.

While the home is unusual, what makes it more like a piece of art are contributions by several artists, including 9,000 ceramic tiles that cover the inside of the home, which were all hand-fired by previous owner Marguerite Antell.

“It’s like you’re living in art,” explains listing agent Rich Testa. “In both daylight and evening it [the home] takes on different feelings. It really is a unique house.”

Since the Mushroom House’s construction, there have only been three owners. The current owners, Christine and Steve Whitman, purchased it for $297,000 in 1999, which is 247 percent less than the home’s current listing price ($1,100,000) on the Perinton real estate market. Steve Whitman is a nephew of first owner Marguerite Antell.

The Whitmans redid much of the home in keeping in the original style, even hiring the initial architect James H. Johnson to design the great room addition.

The new great room is built into the side of the hill and is accessible from the main pod by a underground walkway lit by fiber-optic lights. It overlooks a creek, waterfall and outdoor hot tub.

Not only is the Mushroom House a local landmark, but it has been the site of several charity events. According to Testa, the current owners are planning on donating up $100,000 to Habitat for Humanity from the sale of the home and Testa will donate $1,000 from his own commission.

Real estate pros share their insights on 2012 (A Small Collection)

Inman News asked readers to share their expectations for real estate’s top issues and trends in 2012, and to find out what tops their wish lists and to-do lists in the year ahead.

What are the top items on your real estate wish list for 2012?
1. Jobs, jobs, jobs. You can’t revive housing without jobs. Some say real estate will create jobs, but that is (putting the) cart before the horse.
2. Implementation of true data standards, and a movement toward global apps development.

What are your top New Year’s resolutions for real estate in 2012?
Continue to identify and implement additional “public service” apps that assist brokers, agents and consumers. More direct involvement with brokers within our multiple listing service: What can we do to make things better?

What do you expect to be the top trends and hottest issues in real estate in 2012?
Brokers taking back control of their listings, limiting their syndication of listings, and trying to drive people to their websites instead of third-party sites. MLSs will get involved in assisting them with self-syndication.

Russ Bergeron
CEO
Midwest Real Estate Data (MRED)

What are the top items on your real estate wish list for 2012?
1. Legislation that reduces principal owed in exchange for a percentage of future profit sharing, to keep troubled homeowners out of foreclosure. So far all attempts at legislating our way out of the foreclosure crisis have failed.
2. An improved job market in the U.S. as this would certainly help the housing market.
3. A loosening of the credit market for homebuyers and small businesses.

What are your top New Year’s resolutions for real estate in 2012?
1. Recruit.
2. Retain.
3. Recruit.

What do you expect to be the top trends and hottest issues in real estate in 2012?
1. Foreclosure backlog.
2. Interest rates starting to rise.
3. That we have hit the bottom becomes measurable in most markets.
4. Real estate company acquisitions and consolidations.

Nate Scott
Owner, managing broker
Windermere Real Estate/Anacortes Properties

What are the top items on your real estate wish list for 2012?
1. Recruiting made easy — a weekly recruiting plan that involves contacting through multiple sources, streamlined confirmation and follow-up, and consistently bringing in four to six new agents per month.

2. Real estate companies working together toward a common goal of improving the community and giving back. Bringing relationship-building to a new level through innovative ideas and events, local contributions and more.

What are your top New Year’s resolutions for real estate in 2012?
Each and every agent at (our firm) will have a consistent and professional Web presence on the top three websites: Yahoo, Zillow and Realtor.com.

The company will leverage partners and affiliates more than ever in 2012, offering to help in any way to enhance the businesses we are working with and in return receive the same benefits. We will adapt to the market, working on short sales and foreclosures, helping homeowners in need of answers, and promoting positive energy to those we surround ourselves with. We will prosper by helping those around us and the community prosper.

What do you expect to be the top trends and hottest issues in real estate in 2012?
Top trend No. 1: Mobile technology and e-signing on mobile technology.
Top trend No. 2: Paperless technology.
Top trend No. 3: Mastering foreclosure listings and relationships with bank asset managers.
Top trend No. 4: Cooperative short-sale movement.

Cheryl Spangler
Broker, franchise owner
Exit Gridiron Realty

What are the top items on your real estate wish list for 2012?
1. Strategically add 10 new agents in Orange and Los Angeles counties.
2. An iPad 3?
3. Continue to grow market share in Southern California.

What are your top New Year’s resolutions for real estate in 2012?
1. Be totally in the cloud. (Almost there!)
2. Hire only quality agents.
3. Revamp transaction management platform.

What do you expect to be the top trends and hottest issues in real estate in 2012?
1. Multiple listing service issues and changes.
2. Distressed properties continue to dominate the market.
3. How alike 2011 and 2012 will be.

Jason Lopez
Managing broker
Smart Real Estate Solutions

What are the top items on your real estate wish list for 2012?
An iPad 2, and a multiple listing service that would run without Flash and on something other than Explorer.

What are your top New Year’s resolutions for real estate in 2012?
To be more discriminating in my effort to help people get their homes ready for market.

What do you expect to be the top trends and hottest issues in real estate in 2012?
1. Hot issue: Low appraisals continue to artificially hold down real estate market. A low appraisal can lower values in a neighborhood for years to come.
2. Consumer protection trend: Scammers taking listings info and posting fake rental ads that desperate renters fall for. (Regulators) need to crack down on them and make it harder for them to do.
3. First-time-buyer market: Newly employed “contract” employees are out of the market for at least 2.5 years.

Lexie Longstreet
Broker-owner
Savvy Plus Co. Real Estate

What are the top items on your real estate wish list for 2012?
Nationwide, we’re setting our sights on growing by 25 percent — both in new franchise affiliates and existing affiliate production. We’re also adding new mobile tools for our broker affiliates as well as end-user consumers.

What are your top New Year’s resolutions for real estate in 2012?
Continued innovation. We’ve made huge strides in technology and are committed to testing and implementing new and fresh tools and systems. Ultimately, this will engage our brokers and drive greater productivity to each broker partner in the local market.

What do you expect to be the top trends and hottest issues in real estate in 2012?
There’ll certainly be more conversation about the future of the MLS and regulatory issues, but I believe the most significant changes will be centered around what the consumers are demanding.

Clearly the consumer has driven countless changes in the industry over the past decade, and now that we’re in an economy where it’s trendy to be thrifty we’ll see more and more brokerages changing their business models and seeking alternative solutions to the ordinary old-fashioned commission structure.

The future of real estate is all about doing more business, at a greater efficiency, all while ensuring we’re giving the consumer what they want: exceptional value.

Ron McCoy
Vice president of business development
Help-U-Sell Real Estate

What are the top items on your real estate wish list for 2012?
Fewer agents who are not dedicated to our profession as a full-time career vs. a part-time hobby.

What are your top New Year’s resolutions for real estate in 2012?
Continue doing what I’ve done best for 39 years: work! Stay focused, be positive yet realistic, remain dedicated to my customer and clients.

What do you expect to be the top trends and hottest issues in real estate in 2012?
1. Foreclosures.
2. Mortgage reform.
3. License requirements.

Joy Isenberg Snyder
Associate Broker
Prudential PenFed Realty

What are the top items on your real estate wish list for 2012?
Congress will deal with real estate issues. Fannie Mae and Freddie Mac should simply refinance all underwater properties at the discount window rate plus 2 percent. That would keep people in their houses and prevent further foreclosures.

What are your top New Year’s resolutions for real estate in 2012?
Set up my real estate education company. Not enough buyers and sellers understand the value and investment returns on real estate.

What do you expect to be the top trends and hottest issues in real estate in 2012?
Bulk (sales of real estate owned or REO properties) should be scratched. Distribute the selling of distressed assets to all investors, not just Wall Street friends. Wall Street executives will go to jail for what they caused.

Antoine Pirson
Director of investments
Caldecott Properties

What are your top New Year’s resolutions for real estate in 2012?
Cut out all of the “work” that’s not working. Concentrate on what is.

David Bramblett
Broker associate
Century 21 Nature Coast

What are your top New Year’s resolutions for real estate in 2012?
To be more selective about who we do business with.

What do you expect to be the top trends and hottest issues in real estate in 2012?
The government will continue to try to fix the real estate industry but will do more harm than good. This ain’t over yet.

Gene Donohue
Exclusive buyer’s agent
The Buyer’s Advantage Team

Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008.

Price:
$289,900  -$10,000 on 12/29/11
Est. payment: $1,705/mo
Bedrooms: 3
Bathrooms: 1 full, 1 partial
Property type: Single-Family Home
Size:
Lot:
Price/sqft:
Year built: 1951
Added on Trulia: 42 days ago
Total views: 96 (as of 12/30/11)
MLS/ID: 5974534
Nearby School: Loomis Elementary
Zip: 19008

Detached,Split/MultiLevel, Traditional Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

Lawrence Park Split, Living Room with Bay window, Dining Room, Modern Kitchen, Large family Room addition with brick fireplace sliders to deck and bar. Great room for those family get togethers. Lower Level has den, Laundry room with powder room and exit to back yard. Three bedrooms, full tile bath and access to attic.

Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

Listing Info for this Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

  • Price: $289,900
  • Status: For Sale
  • MLS/Source ID: 5974534
  • 3 Bedrooms
  • 1 full, 1 partial Bathroom
  • Single-Family Home
  • Built In 1951
  • Roof: Composition Shingle
  • Parking: Garage
  • Parking Spaces: 1
  • Rooms: 8
  • Attic
  • Security System
  • Floors: Carpet – Full
  • Heating Fuel: Natural Gas

Public Records for this Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

  • Single Family Residential
  • Stories: 2 story
  • Parking
  • County: Delaware

Property Taxes for this Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008

Year Value Land Improvements Total Tax
2011 Assessed $151,480 n/a

Schools near this Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008:
[schoolsearch lat=”39.974484″ lng=”-75.33978830000001″ distance=”3″ groupby=”gradelevel” output=”table”]

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this Home for Sale in Delaware County, 117 Lawrence Road, Broomall PA 19008.

 

What’s in Store for 2012 in Real Estate?

For most in real estate, 2011 was yet another rough and tumble year. As we tried our best to deflect the continued slings and arrows of a challenged economy, many adjusted to the market and unearthed new opportunities for growth and expansion. Here, members of RISMedia’s Real Estate Information Network® (RREIN) share their strategies for surviving 2011 and leading the charge in 2012.

Scott MacDonald
President
RE/MAX Gateway
Chantilly, Virginia

Linda Sherrer, Christy Budnick, Maria Wilkes
President; Executive Vice President; Director, e-Commerce & Information Services
Prudential Network Realty
Jacksonville, Florida

As we wrap up the fourth quarter of 2011, has this year panned out as you expected it to? Were there any major surprises…good or bad?

Scott MacDonald: This year was definitely a little more challenging than expected with all of the financing changes that occurred as far as the tightening of credit, increase in FHA MI, and continued issues with appraisals, but overall, we still are having a great year. We opened a fourth office and agents are affiliating with us, which is great. Each year, I do my Top 10 predictions for the upcoming year and I hit on some, missed on others. The best miss was I had predicted interest rates would be above 6 percent and as we all know, I couldn’t have been any further off, which is good. For the best hit, I predicted we would see new-home sales prices come down and, as a result, we would see more new home sales and we did—at least in Northern Virginia. Toll Brothers had a record year in South Riding, a community next to our Chantilly office, selling 110 houses in their fiscal year which ended in October. The community where our Ashburn office is located, Brambleton, sold 354 houses in 2010…the 8th best-selling community in the country has sold over 500 houses, year-to-date.

Linda Sherrer, Christy Budnick, Maria Wilkes: We are very pleased with the progress we have seen this year. Prices have stabilized, and in some areas, we are beginning to see small price increases; inventory is dramatically lower than last year and sales units and volume have increased. Overall, our MLS has seen a 4 percent increase in sales…we are thrilled to report that our company is up 19 percent! We wouldn’t say any of this is a surprise. Each of the last three years, the market has improved, albeit at a very slow and painful rate, and we have worked diligently to position Prudential Network Realty to take advantage of the improving market.

In your opinion, what will be the most significant drivers of business in 2012 and how are you preparing your company to take advantage of them?

SM: In my opinion, there are a few. Investors will continue to play a huge role in our market. We need to educate agents on how to work with investors, helping them get involved in property management and learn to market themselves to attract more investors and tenants to ensure success in this arena. On the flip side of investors are first time buyers. As rents increase, with the interest rate environment we are currently in, buying may be a better option for many would-be tenants. So having a plan of action to help first-time buyers is extremely important. Although interest rates have been at record lows, they have not motivated huge numbers of buyers to enter the market but a sharp increase in rates could be devastating to the housing recovery, so keeping rates low is critical and educating the public on the true cost of homeownership is critical. In addition, HAMP 2.0, if successful, will help keep people in their homes longer. This will help stabilize neighborhoods and prevent further foreclosures, plus it will aid in increasing consumer confidence. So we need to be a trusted advisor to our past clients and let them know about this opportunity. We also need to lobby RPAC to keep the Mortgage Interest Deduction as well as prevent the implementation of 20 percent down-payment loans. Getting our agents involved in RPAC is a focus next year as well.

LS, CB, MW: We anticipate that 2012 will be similar to 2011 with modest gains in prices and sales units…historically an election year is good for real estate. The investor segment continues to increase so we are poised to take advantage of this market niche in addition to the short sale and REO business that has comprised over 45 percent of our book of business for the last two years.

What are your predictions for consumer confidence in 2012? What issues stand to most significantly impact consumer confidence next year and what strategies will you employ to help restore confidence?

SM: If the press continues to pump out negative information on the economy and housing instead of putting a positive spin on what is happening, and jobs are not restored, consumer confidence will stay low. It is critical that agents get the word out about their market as each market is local and even hyper local. Consumer confidence will be a key for us to continue to drive sales locally. Our market in Northern Virginia is unlike any other in the country. Our distressed property inventory is only 18 percent of our market, as such, foreclosures and short sales are not a driving force; our unemployment rate in Northern Virginia is in the 5 percent range, and we only have a 2.9-month supply of houses. It is our job to get this information out to our clients and consumers to dispel the negative news they hear virtually daily on the housing market. We need to continue to let consumers know that if their employment is stable and the house is right for them and their family, then interest rates are phenomenal and now is the right time to buy. So education is the key. Blogging, videos, email campaigns and direct mail are how we plan to get the word out to the public.

LS, CB, MW: The divisiveness in the political arenas is concerning with regard to consumer confidence and certainly the world markets are also a concern. We will continue to remain informed on the national and international scene, but focus on our local market since real estate sales are truly localized.

Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008

Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008.

Price:
$254,000  -$4,000 on 11/29/11
Est. payment: $1,493/mo
Bedrooms: 3
Bathrooms: 1 full, 1 partial
Property type: Single-Family Home
Size: 1,564 sqft
Lot: 9,147 sqft
Price/sqft: $162/sqft
Year built:
Added on Trulia: 180+ days ago
Total views: 860 (as of 12/28/11)
MLS/ID: 5906212
Nearby School: Worrall Elementary
Zip: 19008

Single Family/Detached, Colonial Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008

You’ll love this well maintained split in popular Rose Tree Woods. Foyer entry, living room, with bow window, dining room with exit to patio, eat-in kitchen. Lower level family room, powder room and updated laundry with exit to yard. Master bedroom with extra closet space, two additional bedrooms and updated hall bath. Easy attic access. One car garage. Newer tilt-in windows! Several ceiling fans and central sir. Back is terraced and private and across the street in front is the Worrall School playground.

Listing Info for this Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008

  • Price: $254,000
  • Status: For Sale
  • MLS/Source ID: 5906212
  • 3 Bedrooms
  • 1 full, 1 partial Bathroom
  • 1,564 sqft
  • Single-Family Home
  • Lot Size: 9,147 sqft
  • Style: Colonial
  • Cable Ready
  • Floors: Vinyl
  • Floors: Wood
  • Dishwasher
  • Oven – Self-Cleaning
  • Heating Fuel: Natural Gas
  • Dishwasher

Public Records for this Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008

  • Single Family Residential
  • 3 Bedrooms
  • 1 Bathroom
  • 1 Partial Bathroom
  • 1,564 sqft
  • Lot Size: 0.30 acres
  • Built In 1955
  • A/C: Central
  • Heating: Central
  • Exterior Walls: Brick
  • 7 Rooms
  • 1 Unit
  • Basement: Full Basement
  • County: Delaware

Property Taxes for this Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008

Year Value Land Improvements Total Tax
2011 Assessed $152,140 $3,903

Schools near this Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008:
[schoolsearch lat=”39.9745037″ lng=”-75.38026789999998″ distance=”3″ groupby=”gradelevel” output=”table”]

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.  Please Contact Me for more information about this Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas:

Anthony DiDonato
ABR, AHWD, RECS, SRES
CENTURY 21 All-Elite Inc.
Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this Home for Sale in Delaware County, 2888 Highland Avenue, Broomall PA 19008.

Housing Forecast: Positive Signs Offset the Negative

The median home price in the U.S. has plunged nearly 40% in a little over five years, but the worst is definitely over, according to a recent report by Kiplinger: The market has finally wrung out the last excess valuations born of the housing bubble. Before you break out the party hats, note that this doesn’t mean prices across the nation are poised to rebound anytime soon. Alex Villacorta, director of research and analytics at Clear Capital, a provider of real estate data and analytics, said the housing market is in a “suspended state,” with positive and negative factors offsetting one another. But he doesn’t expect another free fall in prices, assuming “things are left to work themselves out and there are no further shocks to the economy.”

Although the percentage of sales of distressed homes will rise, the federal government’s latest loan-modification program might allow as many as 1.5 million to two million homeowners to refinance, estimated Mark Zandi, chief economist at Moody’s Analytics. Zandi said that further home-price declines nationwide will be limited to 3 percent to 5 percent and that 2012 will be the year that prices finally stabilize—setting the stage for gains in 2013.

Short-lived spikes in prices will affect some cities sooner. When housing markets touch bottom and begin to stabilize, price appreciation tends to be spread unevenly, creating a lot of confusion about where the recovery is occurring and when, said David Stiff, chief economist at Fiserv Case-Shiller. Even within a single city, more desirable neighborhoods will stabilize first, while prices in other neighborhoods may fall at a rapid pace.

Touching bottom

In the year ending September 30, home prices across the U.S. fell by 2.6 percent, and the median home price stood at $171,250, according to Clear Capital. That comes on the heels of a 2.5 percent decrease from September 2009 to September 2010. In the five-plus years since the peak of the market, home prices nationally fell by 38.1 percent. Detroit (down 74.7 percent) is the biggest loser, crushed by subprime lending, foreclosures and the gutted auto industry. A few cities enjoyed small price appreciation, largely because they missed the bubble to begin with: the Clarksville, Tenn., metro area; cities in upstate New York, including Syracuse, Buffalo and Rochester; and Pittsburgh.

Houses haven’t been this affordable since appliances came in harvest gold or avocado green. The benchmark of affordability—the ratio of median home price to median family income—has fallen to 2.6, below the historical ratio of 2.9, says Stiff. Another measure, the percentage of monthly family income consumed by a mortgage payment (principal and interest, using a mortgage rate of 4.1 percent), is 12 percent nationally, the lowest since 1971.

Homes in many cities are now substantially undervalued as measured by affordability, says Stiff, and that can lead to double-digit bounces in prices—say, a jump of 10 percent to 15 percent in the year following the trough, as the natural optimists, especially investors with cash, jump in to catch the bottom. It might look like a bubble all over again, but it won’t last long. A good example is Cape Coral-Fort Myers, Fla., where investors pushed up prices by 12 percent during the year ended September 30. Such a bounce will be followed by a sideways drift, during which the “glass half-empty” folks will slowly return to the market.

Theoretically, low rates should help push buyers to act. The average interest rate on 30-year fixed mortgages fell to 3.94 percent in the first week of October 2011, according to Freddie Mac. The past couple of years’ predictions that rates would rise were based on the premise that the economy would improve, said Guy Cecala, publisher of Inside Mortgage Finance, an industry publication. “As long as the economy remains stagnant, unemployment remains high, and the housing market is in the toilet, rates will remain near historic lows,” he said. At least for the first part of 2012, he adds, rates should hover between 4 percent and 5 percent.

Other positive signs: Existing home sales increased during the summer and early fall of 2011, according to the National Association of REALTORS®, after a deep slump following the expiration of the first-time home buyer tax credit. Although the inventory of homes on the market and in foreclosure remains high, a lull in home building over the past three years is gradually easing the surplus. The months’ supply figure, or how long it would take to sell the inventory of homes on the market at the current pace of sales, improved to 8.5 months in September—although that ratio still favors buyers (six months’ supply represents a normal balance between sellers and buyers).

The lure of affordability and low mortgage rates hasn’t increased buyer demand as much as one might expect. Some would-be buyers can’t get a mortgage, given lenders’ stiffer requirements. Many more are hesitant to pull the trigger on a home purchase for fear that home prices will continue to fall or that their job prospects are uncertain. Although the recession has technically ended, the economy doesn’t feel better to many.

But Celia Chen, director of research at Moody’s Analytics, said that both corporate and household balance sheets are healthier and should lead to stronger economic growth and improved confidence. She anticipates more robust growth by the second half of 2012, assuming that Congress follows through on its debt-ceiling deal, the Fed keeps interest rates low, and there are no new shocks to the economy.

The foreclosure problem

The dark cloud of foreclosures still hangs over the housing market. The pace of foreclosures has slowed as lenders, loan servicers and regulators have sorted out paperwork and pro¬cedures in the wake of the robo-signing controversy that emerged a year ago.

Nevada, California and Arizona—among the epicenters of the boom and bust—still suffer the highest rates of foreclosure. Georgia, Florida, Utah, Michigan, Idaho, Illinois and Colorado round out the top ten. Among metro areas, Las Vegas still tops the list.

Currently, about 1.84 million home loans are 90 days or more delinquent (a strong predictor of foreclosure) but not yet foreclosed on, and 2.17 million have finished the foreclosure process but haven’t yet been offered for sale, according to Lender Processing Serv¬ices (LPS). What happens to home prices if and when they come to market? Villacorta, of Clear Capital, says that despite the downward pressure on prices by foreclosures, prices won’t tank as long as lenders continue to bring additional foreclosures to market at a steady pace.

Bank-owned foreclosures sell for an average discount of one-third off the per-square-foot price of conventional homes for sale. Buyers who want to snag a bargain on a distressed property will face competition from investors, and the biggest bargains may require a lot of work. Short sales, or homes sold with lenders’ permission for less than their owners owe on their mortgages, have also grown in number. Lenders take an average of 16 weeks to sign off on a short sale, so patience is imperative.

Of course, the longer lenders take to work through the foreclosure glut, the longer it will take for home-price appreciation to return to its normal pace of 2 percent to 4 percent a year. To hasten the process, the federal government may introduce more policy initiatives—although whether they’ll have any meaningful impact or come soon enough is debatable. In October, Fannie Mae and Freddie Mac, along with their regulator, the Federal Housing Finance Agency, expanded the Home Affordable Refinance Program to allow more underwater borrowers to refinance out of their mortgages into more manageable loans. The FHFA, the Department of Housing and Urban Development and the U.S. Treasury have called for ideas to handle the foreclosures they own, such as converting them to rental properties for purchase by investors.