Buy Vs. Rent in Philadelphia

Philadelphia homes for sale ask yourself:  how long will i live here? The Spring real estate market is almost here which means many renters in Philadelphia are trying to figure out if they are going to extend their lease, find a new place or buy a home.  Trulia put together a clever interactive map that delves into the buy vs. rent dilemma by breaking down mortgage rates, tax bracket & how long you will stay in the home.  Philadelphia buyers fare well in as little...Continue Reading!

Buyer Advice: Start With This Checklist

Philadelphia homes for sale Buying a Home in Philadelphia?  Let This Checklist Help Jumpstart the Process We've been around the (metaphorical) home buying block quite a few times.  This checklist is a great starting point if you are feeling overwhelmed & unsure where to start. 1. Hire an Agent Your real estate agent is not just there to show you properties.  A good agent knows Philadelphia, knows the different neighborhoods & will be able to educate you on the whole process from start to finish.  They will...Continue Reading!

6 Ways to Help Your Agent Find Your Dream Home

Philadelphia homes for sale Sharing Information is Crucial So You Are On the Same Page Your agent is there to guide you through what can be a very emotional process & you want to be on the same page.  The more information you provide spelling out what you need, what you want, how you live, where you want to live & your financial situation the better geared your searches are to you. 1.  Envision How You Live in Your Home Who lives with you & what kind...Continue Reading!

FHA Loan Limit to Drop Over $37,000 January 1st, 2014

Philadelphia homes for sale FHA Loan Limits Lowered From $417,000 to $379,500 Planning on buying a home?  Find out if the change in FHA loan limits will effect you. What is an FHA loan? An FHA loan is a loan is that is INSURED (not directly funded) by the Federal Housing Agency & issued to a borrower through federally qualified lenders. Historically this type of loan has less stringent requirements on the borrower including lower acceptable credit scores. Minimum down payment is 3.5%. Seller assist up to 6% of the...Continue Reading!

Thinking of Buying a Home in Philadelphia But Mortgage Rate News Got You Down?

Philadelphia homes for sale We Are Still at Historic Lows...Don't Believe Me...Check the Graph Interest rates are clocking in at about 5% (depends on a lot of factors).  Which seems high compared to the ridiculously low 3%-3.5% we were seeing.  If you look historically, it is still very low. It's still a good time to buy & the fall market is a great time for buyers!  Contact us if you were thinking of purchasing a home.  We can help put you in touch with the right...Continue Reading!

Three Benefits for Fall Buyers

Philadelphia homes for sale Buying a Home in Philadelphia Can Bring Benefits If You Wait Until Autumn Autumn is nowhere near as busy as Spring & with the beautiful weather that Philadelphia treats us to the hunting process can be that much better. 1. Less People Looking Means Less Competition Many people choose to put a home under contract in the Spring.  We find May, June & the beginning of July are the busiest closing months.  With less buyers out & about there is less of a...Continue Reading!

5 Tips for First Time Home Buyers

Philadelphia homes for sale Are You A First Time Home Buyer? Thinking about breaking into the market for the first time?  Are you sick of paying rent?  Are you overwhelmed by the conflicting national news stories? Buying a home for the first time can be emotional, confusing & overwhelming.  It can also be exciting, fun & liberating. 1. Understand the Finances Behind Home Ownership When you think payment think P.I.T.I. which stands for Principal, Interest, Taxes & Insurance.  The best way to understand a full monthly payment is...Continue Reading!

12 Do’s & Don’ts When Getting A Mortgage

Philadelphia homes for sale Getting a Mortgage is Tough These Days... This information was provided to us by Matthew Boyce of Annie Mac Mortgage.  This is a comprehensive list of the problems he has run into over the past decade working as a loan officer.  He created this list to provide to clients & realtors in an effort to simplify the process.  If you really want to simplify the process hire a good lender & a good Realtor to advise you correctly & assist you...Continue Reading!

Time to Buy is Now! Interest Rates are Creeping Up!

Philadelphia homes for sale Interest Rates Jumped to a 7 Month High Last Week After some positive employment news that was released it looks as thought mortgage rates crept up.  According to Freddie Mac the average rate for the 30-year fixed rate loan rose to 3.63% from 3.52% last week. Low interest rates help increase affordability.  Prices are still somewhat stagnant, although they seem to be creeping up a bit due to less supply.  If you were thinking of purchasing a home; now is the time...Continue Reading!

Rent Vs. Buy

Philadelphia homes for sale This Is One of the Most Important Questions Potential Home Owners Ask & We Want to Help Answer! In the wake of the recession many consumers have (or had...according to some of the latest research) lost confidence in the housing market.  It is very important to do local research on your market as real estate is hyper local (as in neighborhood...not even region).  We find that the national media has been very unkind to real estate.  What we have found locally...Continue Reading!

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