“Is Mortgage Forbearance a Good Idea?”


In this time of COVID-19, our society is temporarily in uncharted waters. With a shutdown of most business and commerce, this means income in some cases have been paused as well. Inevitably this begs the question of whether people will have the cash reserves to service their debts and cover their living expenses in the meantime. As a result, you may have heard the term “Mortgage Forbearance” recently in the news and I will attempt here to explain what that is.

**There are large amounts of misinformation and blanket statements circulating about this topic and this article is not intended as specific advice for your situation. It is up to you to do your own homework and seek guidance from your specific lending institution.**

According to Investopedia: Mortgage forbeareance is “an agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the borrower current on his or her payments.”

At first glance, this sounds great to many and absolutely a necessary to some. However, there are caveats…they are listed below:.

  1. This is forbearance, not forgiveness. This is a suspension (or deferment) of your debt obligations, not a cancellation of it. It is not free money or a “freebie”. Banks will expect to be paid; and will collect. Forbearance typically means at the end of the term (3, 6 or 12 months), a balloon payment is due. Are you certain you’ll be able to afford such a payment?
  2. Not all servicers are alike, so be sure to contact them (if you can get them on the phone). Being proactive here is key since millions of Americans are calling their lenders. Be prepared to wait on hold.
  3. Forbearance is not a loan modification, the latter is a more formal and permanent scenario which restructures the loan. Forbearance is inherently temporary.
  4. There is some dispute on whether forbearance will affect your credit which could make it more difficult to buy another home in the near future. As of this writing, loan servicers and credit bureaus have not given crystal clear guidance on this aspect, but it should be considered if you expect to take out a loan in the near term.
  5. Forbearance doesn’t mean you don’t have to pay your escrow obligations such as taxes and insurance. A lot of loan servicers are not going to pay those for you.
  6. Beware blanket statement from news outlets about this topic. As I said above, your specific lending institution are going to give you the parameters of what they’re willing to offer.

For some people, even with all the above factors forbearance is something they must do. Many of my colleagues and I agree that this isn’t a decision you should take lightly and Gathering the facts from your particular lending institution and keeping an eye out for new information is extremely important right now. Many conscientious lenders I know are saying your mortgage is the last payment you should consider skipping and I tend to agree. Not only from a potential credit standpoint, but a financial one as well.

As always, I am happy to help anyone who may need it and will continue to keep you all up to date on this evolving scenario… and don’t forget to Ask Seth Anything.

Operating Partner and Leader of The Seth Lejeune Team at RE/MAX HOMEPOINT. Founding Partner at BWB Capital – asksethanything@gmail.com / 610.804.2104


“How Do I Adjust to My New Normal?”


People all over the country are going through this COVID pandemic in their own way. Some areas are deeply affected while others are questioning whether all this is real at all. I went through a rather rigorous thought process. I deliberated the pros and cons of certain real estate topics. What could I write this month? Hmmm…

It then occurred to me that since our world has changed in the near term, so would my approach to this article. As always, my primary mission is to keep you informed and provide value. Therefore, I decided upon this question which isn’t from a specific person, but rather what we are all wondering. How do we adjust to this new normal? Someone once told me to focus on what I can control, so that’s what we’ll be talking about here.

As a 40-something realtor with a full-time working wife, two young kids and a house to take care of, I am now a teacher, cleaner & landscaper. An adjustment to say the least… Below are some things to consider for constructing your new normal.

  1. Be Productive: Get up, make your bed, get showered, get dressed. When one does this, you’re telling your brain to be productive. I’ve experienced those days where I never really got out of those super comfy pajama pants and know my productivity was less than ideal. In fact, as I write this I am fully dressed in work clothes. This will also ensure you’re not reacting to your day and getting a handle on it before things spiral out of control. I don’t know about you, but controlling as much of my day as possible is a happier day in my book.
  2. Take it Easy: Give yourself a break. As the news and closures came across the news, I stumbled upon an article from Rome, Italy that had interviewed moms in that city. At the time, these moms were about two weeks ahead of what we were experiencing in America. One of the moms said “don’t beat yourself up with regimented schedules and itineraries”. It won’t last, you’ll experience burn out and you’ll frustrate everyone around you. Sure, some might be able to do this for the long haul, but most of us can’t.
  3. ZOOM (a lot): Most people think this digital platform is just for conducting business, but it’s not. Our friends and I did couples trivia (we call it Quizzo in Philly) over it and it is really easy to use. I connected my Mastermind Book Club and 422 Business Alliance groups through it. Connection in this time of isolation is really important. Lots of people think social media, text and email is a substitute, but it’s not. Seeing a face on a screen and interacting with that face activates a higher part of our brain and releases brain chemicals which make us feel better. Give it a try and connect.
  4. Take Advantage: You see and hear this message constantly and I will be reiterating here. This time has forced all of us to slow down to some extent and we should be taking advantage. Is there a hobby you want to get into? A book that you haven’t read? A project with your kids? Exercise more? Whatever it is, this is the time to get it done (or started).
  5. Trust History: Some of you may know that I am a student of history. Whenever I can, I lean on the past to guide my future. 12 short years ago, the sky was falling and people were in extreme distress. I remember my father saying, “This is a bad one, but do you know how many of these damn things I’ve been through? It always comes back, people will go back to work and things will return to the way they were.” He was right. Sure, it appears that hardship is waiting for us in the coming months (some more than most), but I know we will rise again because we always have.

Finally, I wanted to say that if you are receiving this, whether physically in the mail, via social media, via email, etc, that means you are in my “sphere”. In the real profession, this term means the people who I have chosen to let into my world. Please know that my wife and I are here for all of you if you should call on us. Take care of yourselves and each other.And of course, don’t forget to Ask Seth Anything!

Operating Partner and Leader of The Seth Lejeune Team at RE/MAX HOMEPOINT. Founding Partner at BWB Capital. asksethanything@gmail.com / 610.804.2104

“Why Did You Leave Berkshire Hathaway for RE/MAX?”


Hello All! 2019 was a crazy year with my business continuing to grow, moving my family, acquiring (and rehabbing) & selling a home. In all the hustle and bustle, I also decided to change brokerages and buy into a RE/MAX franchise!  Naturally, this is my most asked question by far right now. Why did I move? Believe me, it didn’t come lightly and I spent several months deliberating the decision. Ultimately, there are many brokerages in the Philly area and almost all of them called me over the course of the last two years trying to get me to come over! However, I do believe there are only a handful of brands that stand out above the rest. Both RE/MAX and Berkshire Hathaway fall into that category.

My move to RE/MAX HOMEPOINT in the end came down to the ability to grow my business through a real estate team (The Seth Lejeune Team) and to own a portion of the franchise itself. These two things will also provide opportunities to help others not only on my individual team but on a company-level. One of my main purposes on Earth is to help people in their businesses and this clears the path to do so.

**It’s only appropriate to take this moment to thank the extremely fine people at Berkshire Hathaway. In 2015, I joined that company for its reputation of professionalism and competence and it did not disappoint. It was extremely important to me to learn this business the “right way” from the start and the mentorship I received there was outstanding.**

Unfortunately, the structure of Berkshire Hathaway is more of a corporate style and doesn’t allow me to play the role I’m most accustomed to which is a business owner. Therefore, moving to a franchise model was the logical next step for my career. This will have zero effect on my real estate services going forward but rather add lots of tools for your real estate needs. With my move to RE/MAX HOMEPOINT comes the following advantages:

  1. Outstanding Real Estate Services
  2. The Seth Lejeune Team has a commercial/multi-family specialist for you investors out there.
  3. REMAX is partnered with an established property management company, BIG Realty, for all of your landlord & tenant needs
  4. BWB Capital Partners are collaborating with REMAX & BIG Realty for what we’re calling “micro-syndications” investment opportunities. (If you have no idea what that is, then inquire with me and I can walk you through it)

The bottom line is that my new setup has me equipped for anything you might require from a real estate professional. If I personally don’t have the expertise, I have someone within my immediate network of partners or on my team who does. This has always been my vision for how I wanted to operate my real estate activities in true, #asksethanything fashion. LOL.

Finally, a part of this new role will be recruiting, so I need to tell you that not only are we onboarding new agents for the team, but also I now have employment opportunities across all sectors of real estate. Whether you wish to simply get your license and sell real estate, do administrative work, find properties/land for investors, I’d be open to have some conversations. So if you, or know someone you know, like the way I do business, want to be part of something bigger, escape the rat race of the 9-5 or all of the above, please reach out. My NEW info is below and don’t forget to Ask Seth Anything!

Operating Partner and Leader of The Seth Lejeune Team at RE/MAX HOMEPOINT. Founding Partner at BWB Capital. asksethanything@gmail.com / 610.804.2104



FAQ – Ask Seth Anything Edition

Words cannot describe my gratitude for the many contributions to this article. I truly enjoy answering dozens of your questions on a monthly basis but there are some that are fan favorites and I get regularly. I thought it’d be fun to compile some of them here. Here goes….

Q: What is one misconception you could change about your profession? 

A: That we’re not all sleazy salesmen. Most realtors are well-intentioned and care about their clients.

Q: What is one thing you’d change about the real estate industry? 

A: Definitely the barrier to entry. It is way to easy to get your license and it contributes to poorer performance by some realtors. It also gives all the full-time, established realtors (like me) more challenging reputation to overcome.

Q: What’s the craziest thing you ever saw during a showing? 

A: So this could be an entire year’s worth of articles, but there was the time where I am pretty sure there was a recent murder/robbery in a home in Bucks County. Then of course the “50 Shades of Maple Glen” listing which I actually went to see. Then there was the room in Pottstown which was completely carpeted — even walls & ceilings. I really try to document as much as I can on social media for all you. LOL.

Q: What’s the best piece of advice you give your clients?

A: DO NOT BECOME HOUSE POOR. Do not keep up with the Joneses. It will feel great for a little while and then you’ll set yourself back financially. That’s when the fights and stress start. It’s just a house.

Q: Are we headed for a recession? 

A: “Recession” is an awfully strong word. I would rather say correction or slow down. We are in one of the longest periods of economic expansion in US history. The economy, although it doesn’t feel like it at times, is a natural system. Contraction always follows expansion. How much that contraction affects housing? Time will only tell.

Q: Should I make improvements to my home? 

A: I don’t know…call me and I will come over and tell you.

Q: Is flipping homes hard? 

A: Yes, it is also time-consuming as hell.

Q: What’s the most important thing you’ve learned by being a REALTOR?

A: Tough to pick one but when push comes to shove, 99% of my clients need a problem solved and they have entrusted me to handle it for them. This job is serious business, but can be a fun & enjoyable experience at the same time.  Ensuring a smooth transaction comes with actually knowing what you’re doing which thankfully I do!

Q: What’s the biggest mistake your clients make?

A: I would say it relates to my previous answer. Too many people bring an adversarial mindset to the transaction. They sometimes forget the ultimate goal which is to buy or sell the house. I can safely say that without the presence of real estate agents, a LOT more deals would fall apart. When a seller says, “You can tell them to go to hell!” I kindly translate that for my buyers to say, “They rejected your proposal, so let’s regroup and really nail down what’s important here and if whether can still move forward.” Going under contract on a home is no small thing and I always cringe when a deal goes south over something silly.



“Wait…What’s a Hot Water Heater?”

A short (and very true) story:

There I was with my new seller. We were touring the home where I look for defects and ask questions. Upon entering the basement storage room where the various components of the home are located (HVAC, electrical, radon system etc.), I immediately asked my seller how old their hot water hear was. They came back with “Wait…What’s a hot water heater?” I pointed. “That”. Even more confused, I had to explain what it was and what it did. I went on to say they only last about 10-12 years… maybe 15 with a water softener. Out comes the flashlight phone and I go to work trying to find a manufacture date. Rare these days am I shocked and terrified at the same time in this business, but it can happen. And it happened on this sunny Thursday morning. The label read “1992”. Now I am no math expert, but I was in 7th grade when this thing was installed and it is about 15-17 years past its recommended replacement date. For those of you who are lost while reading this, let me clarify the problem. A hot water heater is a large tank filled with water which provides, you guessed it; your hot water. When it fails, instead of simply not heating your water, it usually leaks all over your basement. This is a problem for any basement but especially so for finished ones. It won’t just leak what’s in the tank… it will continue to leak until the water supply is turned off. Several people have horror stories of coming home from work to 2-3 feet in their basement. 

Now, my point is not to make fun of this certain client, but to point out that you must be aware and vigilant of the various components and aspects of your home which can produce devastating repair costs and unwanted hassles. See the list below for the main ones I encounter:

Attic Spaces: Homeowners often tell me they haven’t been in their attic in years. Not until they go to sell their home and have a home inspection do they find a problem. Either a slightly leaking roof or mold or both. Generally mold forms from either a roof that is actively leaking or not properly ventilated. Older building codes didn’t require ridge vents or vented soffits, so if your roof is on the older side, it might be worth busting out the flashlight and getting up there once a year to make sure things are in order.

Hot Water Heater: There’s practically no way to know when a hot water heater will fail, so it’s best to be proactive and replace every 10-12 years depending on how hard your water is. People I find most susceptible to being complacent on this one are people who bought new construction. Since everything is new when they buy, the psychology is that things will stay that way.

Crawl Spaces: Much like roofs, they’re areas not regularly visited by homeowners. Mold can form down here just as easily as attic spaces for the same reasons: water infiltration and/or poor ventilation. Again, grab a flashlight and get in there…

Underneath Sinks: Americans love their stuff and they love to stuff their stuff anywhere they can… including underneath sinks in kitchens and bathrooms. I’m assuming you don’t regularly empty these areas and inspect them but even a small drip can produce some really costly damage. Water destroys everything.

The Trees: Most realtors won’t mention this to their buyers, but do not forget to look up at your trees if you have some. Various invasive insects (Emerald Ash Borer, Spotted Lantern Fly, etc) & diseases can greatly affect their health. Little known fact is that if a tree falls on your house, your homeowner’s policy will cover it, but if it falls in your yard or on your driveway, the cleanup cost comes out of your pocket. A certified arborist can usually give you some guidance here.

If this seems daunting to you, there’s always the option of getting a home inspection even if you have no intention of moving. Like most inspections, they are worth their weight in gold as they almost always find something.

I would be happy to showcase your question in my next installment. Go ahead…Ask me anything! If I use your question, I will send you a gift card of your choice or donate money to a charity on your behalf.

Seth Lejeune – 610.804.2104 – seth.lejeune@foxroach.com / Berkshire Hathaway – Fox & Roach

Seth is a licensed REALTOR  and small business owner based in Philadelphia, Pennsylvania


“50 Shades of Maple Glen”: Good Marketing or In Poor Taste?

There I was sitting minding my business on a Friday morning when all of a sudden my phone started blowing up. Texts, emails and FB messages were basically telling me that a very special home had hit the market. I checked my FB feed and almost every 5th post (I counted) had to do with this listing about 5 miles from my house. The agent had dubbed it “50 Shades of Maple Glen” and it boasted what they called a “sex oasis” in the basement fully outfitted with equipment and accessories. If you’re not sure what I’m talking about then google it.

In a matter of hours, Buzzfeed (Here)and Barstool (Here – WARNING EXPLICIT) had picked it up. I even heard a rumor that a journalist in New Zealand ran a spot on it. A friend of mine who lives in the neighborhood said the local news knocked on their door to get more info on the homeowners. Reaction was swift… many were intrigued, some asked to see it and others outraged.

As the day went on, I began to wonder more and more about this house. No…not its contents; more the marketing of it. I pondered whether this was a good strategy. The old adage in PR is that “All Publicity is Good Publicity”. I happen to completely disagree with that saying, but is it applicable here?

At first, I thought this was pretty brilliant. Perhaps falling into the trap of the adage above which is to say that all publicity is good. However, I reconsidered that notion and asked who exactly is the buyer for this house? Would a person looking for a $750,000 home want to inherit this story and stigma? Would a homeowner want to mention while having dinner guests that this house was the “50 Shades House”? I’m not so sure. Yes, more eyeballs on the property is better, but most will never buy it anyway and it might detract some otherwise well-intentioned purchaser.

Within real estate agent circles, there’s another conversation happening about whether this was good for the agent. Ultimately, I think it definitely raised her profile and generated a lot of buzz and interviews. Will it lead to more listings for her? Not sure, but I suppose it won’t hurt. Does this realtor have more tricks up her sleeve or was this just a “being in the right place at the right time” scenario? Needless to say, I am looking forward to finding out and truly admire her guts. Lots of realtors would be most concerned with their brand and reputation, but even people with a “sex oasis” in their basement need to sell their home too.

So I guess my question is what do you think? Has this been an effective means for marketing a property or do you think it tarnished and ultimately dissuaded buyers? If money were no issue, would you buy this property? Leave a comment below and weigh in!

And to answer your question: Yes, I previewed. Yes, I took selfies. Yes, I have an opinion on whether it’s priced right. 😉

I would be happy to showcase your question in my next installment. Go ahead…Ask me anything! If I use your question, I will send you a gift card of your choice or donate money to a charity on your behalf.

Seth Lejeune – 610.804.2104 – seth.lejeune@foxroach.com / Berkshire Hathaway – Fox & Roach

Seth is a licensed REALTOR  and small business owner based in Philadelphia, Pennsylvania

Are We Headed Into a Recession?

growth-recession-750x296By far, this is the most asked question these days. I would be remiss if I didn’t address it. As I said in my last article, I have no “crystal ball”, but since that time there have been some developments which are affecting the real estate market.

  1. Interest Rates – This hasn’t gone unnoticed by the marketplace as we have reached the 5% mark for the most part on a conventional loan. The reason for this increase is a more robust overall economy and the FED’s decisions in 2018. They have laid out a pretty ambitious plan for further increases in 2019 and I believe we should take them at their word since they did what they said they were gonna do this past year. Keep in mind that interest rates are historically low still but I know relative to where we were a year ago, this rise hurts for some.
  2. Less Confidence – This is an obvious one since the entire premise here and the frequency with which I am asked this question suggests people are less sure than they have been in the past few years. Interest rates have played a part for sure, but overall sentiment is waning a bit as people become cautious. Comments about a “red hot” market have now lead to questions about whether the market is “cooling”. I have always said the market depends more on the average citizen’s desire to book a vacation, buy a home or a flat screen TV than the Dow Jones Industrial Average. Simply put: If people don’t feel secure, they will conserve their money.
  3. Buyer’s Disengaging from the Market – Whether strictly a math thing where the buyer is now priced out of their dream home or simply exhausted from running around and not able to compete for a home with their fellow buyers, these are having an effect. Fewer buyers mean less competition which ultimately means fewer offers for sellers. Don’t get me wrong, there are some areas which still red hot (like my listing in Glen Mills with 9 offers where I got my clients close to $30,000 over ask with a waived appraisal), but overall the market can only sustain this behavior for so long.

So what does this all mean for the real estate market? I do not like using the word “recession” because it is an economic term which is far too broad and I believe to be really premature. What I would say is the market is indeed “normalizing” a bit in certain parts of the Philadelphia area and the country as a whole. This means it should behave in a way where buyers and sellers can still be very successful in achieving their real estate goals. A normalization will simply mean that buyers might have a few more options and sellers might have to wait a little longer for the buyer to make that offer. It also means that home price growth will slow; this is basic economics. What I can say for sure is that 2019 will tell us a lot about the ultimate direction the economy is headed and whether what is now a normalization will turn into something more serious.

I would be happy to showcase your question in my next installment. Go ahead…Ask me anything! If I use your question, I will send you a gift card of your choice or donate money to a charity on your behalf.

Seth Lejeune – 610.804.2104 – seth.lejeune@foxroach.com / Berkshire Hathaway – Fox & Roach

Seth is a licensed REALTOR  and small business owner based in Philadelphia, Pennsylvania. 

“Are Your Real Estate Holdings Recession-Proof?”

Don’t let the photo fool you, I do not have a crystal ball. Nonetheless, I decided to turn around and ask all of you homeowners a question: Are your real estate holdings recession-proof? While virtually no real estate is completely protected from the whims of the market, there are certain types of homes which are better insulated from downturns.

To be clear, this article is not meant to be a prediction, but a simple look at the long-term trends of any economy shows no prosperity lasts forever. After all, the economy is going to correct, that is inevitable. The question is whether your real estate strategy (yes, you should have one) is anticipating this eventuality or simply hoping for the best.

It’s rare that in any given week I don’t have a conversation with someone about this dilemma. It’s what I call the “Should I Stay or Should I Go”. (Full disclosure: I stole this saying from a respected colleague) There is no one answer to this question since everyone’s situation is different, but my conversations have unveiled multiple scenarios where homeowners should consider making a move in this seller’s market. They are as follows:

You Own A Home That’s Value Got Clobbered in the Great Recession: If you bought before the Great Recession and took a hit on your property’s home value, you might still be trying to make your money back. Depending on your equity position (how much your home is paid for), this can get dicey. The trap is for some homeowners to try to “break even”. This often means waiting out long periods of prosperity, closely watching comps and hoping that the market doesn’t sour. While this can work for some people, I often encourage homeowners to consider the big picture and ask if it would be better to take a minor loss on the house now or try to sell at a bigger loss in a down market. Again, there is no one size fits all answer here, but I ask it nonetheless. In some areas, home values were so inflated during the housing peak of the 2000s that it will still take ANOTHER 10+ years to get back to where they were. It might be worth cutting your losses if you can’t wait that long.

You’ve Been Thinking About Downsizing: Inevitably (and hopefully), once the kids move out, you have more space than you need. Often times, homeowners will take several years to decide whether it’s the right move for them to downsize and it can be an emotional process, but rarely do I find someone who regrets it. Whether it’s the lower mortgage payments, less upkeep etc. it usually makes more sense than not. Another thing to consider is most Americans live in smaller housing and this means that your smaller home will be more attractive to more people even in a down market.

You Own A House That Will Require A Special Buyer: A weird/deteriorated house in a strong market can sell relatively quickly, but if you own a house where someone is gonna need some imagination it might be time to move into something more straightforward. Buyers and investors have lots of cash right now and odds are that you can get decent money for it. In a down market, these homes will be very hard to sell since inventory levels are usually higher and there are only so many buyers.

You Own A House in a Newly Developed Area: If you’ve bought in an area that is hot and values have gone up faster than the market average, it is possible your home could be more vulnerable than most in terms of its value. If you got in early, you should have some equity built in from the increase in your property’s value. If so, it might be time to cash out if you don’t foresee yourself living there long-term.

These are just some examples of where considering a sale of one’s property might make sense. After all, buyer behavior is a funny thing… economic prosperity like we’ve enjoyed over the last several years can play tricks on the mind. There will be no announcement, no press conference when things turn south. I do not see myself as an alarmist, I see myself simply as someone who is reminding everyone that markets cool off and potentially “correct”. Are your real estate holdings prepared for that day?

I would be happy to showcase your question in my next installment. Go ahead…Ask me anything! If I use your question, I will send you a gift card of your choice or donate money to a charity on your behalf.

Seth Lejeune – 610.804.2104 – seth.lejeune@foxroach.com / Berkshire Hathaway – Fox & Roach

Seth is a licensed REALTOR  and small business owner based in Philadelphia, Pennsylvania. 


“What’s the Big Deal About Appraisal? Isn’t it Just an Opinion of Value?”

Right now, lots of buyers are entering into bidding wars and this means they can be forced to pay top dollar. From the seller’s perspective, they are “testing the market” and pricing their homes higher than usual knowing buyers are willing to pay. It can all be very dramatic and exciting, but have no misconceptions; an appraiser can dump cold water on even the most exciting deals. 

Some buyers ask me, “What’s the big deal about appraisals? After all, isn’t it just an opinion of value?” Well yes, but it is also used by the mortgage company to make sure the house is worth what you’re offering. If a house is worth only $300,000 and you offer $400,000, then that’s an issue if you plan to acquire financing. After all, if you were to go back and sell the house a year later, there’s no way the lender would get their money back if it sold for fair market value (In this case: $300,000).

So what if a home doesn’t appraise? In that case, here’s what generally can happen:

  • The buyer brings the difference to settlement.
  • Seller drops the price so that the lender can approve the loan.
  • Both parties walk away.

Let’s focus on the 1st option: I was recently in a transaction where there were about 6 offers and my buyers were already offering $10,000 over list price. I come to find out that the winning offer was not only offering $15,000 over list price, but agreed to pay that extra $15,000 out of pocket if the house didn’t appraise. I kindly told my clients that I could never allow them to do such a thing. However, it begs the question: “Is there a scenario where a buyer should pay over appraisal and bring the extra monies to the table? 

The answer is yes. In fact, I have had buyers do it, but the circumstances need to be ideal. Think about it this way, when you do this you are essentially placing yourself “underwater” on the property since you’re not likely going to get the money back if you are to sell in the near future. This is the much-dreaded scenario many homeowners still find themselves in from the Great Recession and I don’t usually advise my clients to willingly put themselves there.

BUT…. Here are a few reasons it might be worth doing:

  • Prices in the area are rising
  • You can comfortably afford the extra monies
  • You think it’s a bad (or low) appraisal
  • You MUST have the house
  • You plan to live there for a while

Whenever considering paying over appraisal, it is imperative you closely consult with your Realtor to make sure it is the right move. While no Realtor has a crystal ball, they can give you insights into whether that money will be recouped in the future. Overall, appraisals are one of the least talked about parts of real estate transactions but they are an important consideration if you are to successfully get to the settlement table.

I would be happy to showcase your question in my next installment. Go ahead…Ask me anything! If I use your question, I will send you a gift card of your choice or donate money to a charity on your behalf.

Seth Lejeune – 610.804.2104 – seth.lejeune@foxroach.com / Berkshire Hathaway – Fox & Roach

Seth is a licensed REALTOR  and small business owner based in Philadelphia, Pennsylvania. 


“We Have Kids. Is It Going to be Impossible to Sell Our Home?”

I was asked this question point blank by a couple of parents, who we’ll call “Mr. & Mrs. C.” I suspect they were mulling a move since they have a third baby on the way. This is actually a very typical “should I stay or should I go” scenario. Does one stick it out in cramped quarters until after the baby is born or do you make a run for it and try to sell (and buy) before the new arrival. Can this be done? Yes. Countless families do so every year. Those families, if they are prepared, find this scenario to be manageable by taking certain steps. Simply read on and find out how!

Going directly to the “experts” seemed like a great idea with this one, so I asked moms who have actually been through it to give their tips and advice. After all, I’m a guy so there’s noooooo way I could understand, right?

Amy L. (Collegeville): “We hired house cleaners to do the deep cleaning every 2 weeks which made it a lot easier to keep up with the clutter. We did a major declutter and made sure baby toys weren’t everywhere when we showed the house. We tried not to deter showings, but we did request at least 2 hours notice. I was working from home so it was easier to be flexible. Another thing we did was make it a point to go out as a family while we were trying to sell. It really helped us from messing up the house.”

Amy A. (Horsham): “When we sold our house in Abington, the kids were 7, 5,  and 3. One trick I used is to have a laundry basket handy. There were times when the realtor wanted to show the house on a moment’s notice and I had a sink full of dishes or small toys laying around. Throw everything in the basket and put it in your car! Just get it out. Since we were moving, we started packing up toys and clothes that we did not need. Cleared the basement of toys so the room looked bigger too.”

Alex L. (Malvern): “Assign designated areas where the kids can play so any mess they make is contained instead of scattered throughout the house. Encourage your realtor to schedule as many back to back showings as possible.”

Keri T. (Lansdale): “My advice would be to motivate your kids DAILY to keep rooms/common space exactly as they found it. I used a small daily allowance but you can use anything. They would actually compete and wait for the text message on who ‘made it’ that day.”

Jess H. (Hatfield): “We sold in a pretty desirable area so we made plans that first weekend we were on market and just left the house so it was free for showings. With two little ones, it’s best to simplify instead of having to come and go. As a working mom, I am strapped for time, but I was able to take one full day off prior to listing the home to organize, purge and clean. It looked staged at that point.”

I have some additional thoughts for those who are still intimidated by the proposition:
  • The Family Huddle – I don’t know about all of you, but I see my family as a team. Therefore, I would suggest there be a “family huddle” of sorts to make everyone aware of what will be required of them and to answer any questions. Selling a house can be confusing for children too, so the earlier they are brought into the process, the better. Making a game of it or placing a positive spin is always a good idea if they’re on the younger side.
  • Use The Opportunity – There is no doubt, as Americans, we love our stuff. However, you should see this as an opportunity to really separate yourself from the things you don’t need. Be ambitious. Study after study shows that removing things from your house has mental benefits and selling a home is a perfect excuse.
  • Reclaim Your Living Space – Even if you don’t get rid of anything and just reorganize, this is an ideal opportunity to reclaim your adult space in the home. A lot of people have quasi-living room/playroom setups in their main floor (myself included) and it won’t be an attractive way to show the home, so you might as well use the situation to reclaim what is rightfully yours! Of course, if the kiddos are on the younger side or if the home is small and there’s no other place for it (typical in a condo), a clear segregation between a kid area and your space is sufficient and usually understood by buyers.
  • Communicate With Your Realtor – Make sure your realtor is on the same page and understands what is possible for showings. While typically, the owner (you) approve who comes and goes, your agent should have a clear understanding of your work situation & family schedules. Let your agent know if you’re going out of town too so they can try to drive showings to that time when you won’t be home.
  • Don’t Overprice – Whether you have kids or not, an extended time on the market can be pretty frustrating. Speak with your Realtor about how to price your home so you are competitive with others in your area. To be clear, I am not recommending you underprice your home, but even in a seller’s market buyers are not willing to overpay. (And their lenders aren’t going to allow them to do it either)

Much like anything else, with a well-defined plan of attack, you’ll be well on your way to achieving your goals! I’m sure I missed a few, so if you have anything that worked well while selling your home, then please comment below. Also, a very sincere thanks to the moms who took the time to be contributors.

I would be happy to showcase your question in my next installment. Go ahead…Ask me anything! If I use your question, I will send you a gift card of your choice or donate money to a charity on your behalf.

Seth Lejeune – 610.804.2104 – seth.lejeune@foxroach.com / Berkshire Hathaway – Fox & Roach

Seth is a licensed REALTOR  and small business owner based in Philadelphia, Pennsylvania.