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About the Narberth, Wynnewood, Bryn Mawr and Merion Real Estate Market  Philadelphia's Main Line is a green and prosperous area of elegant stone mansions, pretty homes, historic churches and parks, elegant stores and restaurants and quaint railroad stations. Schools are some of the nation’s best, the area has several premiere colleges, universities, and arts schools. Personal and property crime rates are well below national averages (personal crime is less than half) and median household income levels are well above. As such, Radnor, Haverford, Lower Merion and their communities are highly sought after places to live. With a current average single home sale price of $675,000, it costs somewhat more than the national home price average (currently at $244,663) to buy in the area, but properties are of a consistently high caliber. (The average housing price in Radnor is rather higher, at about $725,000.) It is not unusual to find a majestic 4 to 6 bedroom home on beautiful grounds with a one to three million dollar asking price. Property taxes are a great deal lower than the national average. Radnor, Haverford and Little Merion locals pay about $3.80 in tax per $1,000 of property market value, as opposed to the national average of $25.70 per $1,000. Residents pay property tax to three separate bodies: their local school district, their county and their township. Most homes in the Radnor, Haverford and Lower Merion region are single family dwellings, but there are condominiums, townhouses and row homes in the area. Request my Free Narberth, Wynnewood, Bryn Mawr and Merion Relocation Package. It's packed full of useful and important information about the Narberth, Wynnewood, Bryn Mawr and Merion, Pennsylvania area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
Making An Offer >Good Faith Deposits
After many months of searching, you have found your ideal house. You are a little older and a little wiser now, so you want to give the impression that you are serious without appearing to be too eager. What should you do? In the marketplace, "money talks."
There is no absolute rule about how much "good-faith" deposit you should put down--but it is a tool to make your point with the seller. The typical $1,000 will hold many homes for you, except in larger-home markets where it may be critical for you to show that you are an especially serious and able buyer. You don't want to make a deposit that is too large in case there is a problem getting your money back, but if your offer is substantially below the asking price, a larger deposit--$5,000 or $10,000--might influence the seller.
If you make a low deposit with your offer, be sure to provide for an increased deposit when the offer is accepted or upon removal of the contingencies.
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What areas are known as the 'silk stocking' districts of this famous city?
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| A |
In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room. |
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