Nancy Chadwick
Nancy E. Chadwick, President and Broker of Chadwick Real Estate, Inc., is a PA licensed real estate Broker and Instructor. She entered the real estate business in 1982 following her career in the Philadelphia legal community as an environmental and litigation paralegal. She has specialized in land development for most of her real estate career, achieving top-producer status in several of her past agency affiliations. Her services have been sought by a wide range of clients, including builders and developers, non-profit organizations, estates, REO departments of financial institutions, medical groups, consumers and other real estate professionals. Her book Land Buying & Selling is based on the state-of-the-art courses she created that have been approved by the PA Real Estate Commission (for real estate brokers and agents) and the PA Board of Certified Real Estate appraisers (for certified appraisers and appraiser candidates). She also teaches courses exclusively for consumers.
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Why Land Values Fall or Rise
March 23, 2020
You own a property that has “prime development potential” written all over it. It’s got everything – great location, public utilities nearby, and zoning for a use that’s in demand. The market’s really hot and developers are contacting you every day to ask if you’re interested in selling. So you ask yourself “why sell now?” …
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Thinking Like A Developer
March 23, 2020
If you understand how residential developers and builders make their buying decisions, you will be likelier to achieve success in buying or selling land. Some builders search for property strictly by geographic area. Others search for parcels that would enable them to reach particular buyer submarkets, such as housing type, price range, lifestyle and age …
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The Art of the Residential CMA
March 23, 2020
If it’s done correctly, a Comparative Market Analysis (CMA) can be the next best thing to an appraisal in approximating the value of a property. The purpose of the CMA is to analyze data from properties similar to the subject that have sold recently in order to project the realistic price at which the subject …
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Some Ground Rules (and House Rules , Too)
March 23, 2020
If you were to guess that buying a home is not like buying a parcel of land, you’d be right – and you’d also be wrong. Although the house purchase is different from the land transaction, it’s actually the same in certain key respects. The reason is there are a couple of critical principles that …
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Property Disclosures: The Right To Know
March 23, 2020
As buyers and sellers, you should be aware of your rights and responsibilities relating to disclosure of property conditions. These exist because of laws enacted by Congress and state legislatures and from principles that have evolved from case law or court opinions. Many states have adopted laws requiring property sellers (record owners as well as …
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Not Just Price
March 23, 2020
How Builders Evaluate Land Some builders search for property strictly by geographic area. Others search for parcels that would enable them to reach particular buyer sub-markets (housing type, price range, lifestyle, age group). Either way, builders begin the investigation by casting the net into their areas of markets of choice and sifting through potential acquisition …
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Know Your Zoning
March 23, 2020
After location, zoning is probably the most important characteristic of any type of real estate. It is the obvious starting point for evaluating a parcel’s potential for development because it spells out what you can do with the property. Zoning is a critical piece of the puzzle particularly if you want to be a land …
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How Do You Subdivide or Develop a Property?
March 23, 2020
Before you can subdivide or develop a property, first you’ll have to submit plans to the local government for review and approval. Your engineer will prepare the plans in accordance with the requirements of the applicable subdivision and land development ordinance. This ordinance contains provisions relating to a variety of issues. These include construction and …
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Due Diligence: How to Find the Stuff You Need
March 22, 2020
Due diligence is extremely important, regardless of the type of property you’re thinking of buying. In development property and land deals, buyers start the fact-gathering process with their first encounter with the property and it continues until they either bail out of the deal or go to settlement. Here’s a list of sources of information …
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Concepts of Value
March 22, 2020
All products, services and things have value, but the value is not static. It changes when events occur that increase or decrease the product’s desirability. In addition, the value of the same product, service or thing isn’t the same to everybody. Different people have different needs and wants at different times. Value is based on …