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|  | | | Picturesque Newlin Grist Mill | |
 The Garnet Valley area is located in the Southwest corner of Delaware County along the arc of the Delaware state line. It lends it name to the award winning Garnet Valley School District. The school district encompasses the townships of Concord, Bethel and the borough of Chester Heights. It is just a short drive from Philadelphia and points south heading along Route I-95. Garnet Valley is comprised of many newer and established single family and town home communities. Situated in a picturesque and historical setting dating back to the William Penn Land Grant from the 17th century. Some of the world’s most impressive garnet stones have been mined from Garnet Valley. Philadelphia and its surrounding areas are steeped in history and the Garnet Valley area is centrally located on a tour of historic landmarks. Newlin Grist Mill, the oldest continually operating mill, many historical homes, numerous parks and convenient premier shopping centers blend the old and the new in this attractive area to reside. Click here to view Pricing, Supply and Demand, and Market Share Reports for Delaware County.
 Visit the following links to learn more about the wonderful Garnet Valley area. |  | | | Picturesque Newlin Grist Mill | |
Disclosure Laws >Avoiding Delays During Escrow
Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.
Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.
There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.
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| Q |
What is considered one of the few remaining tax shelters in the 1990s?
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| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
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