Now is a terrific time to buy a home in Philadelphia, as there
are many fine houses for sale in Philadelphia. The housing market is still
depressed, but it is showing signs of improvement. The recent median home price
was $138,000. The price was 8.7 percent higher than in the first quarter of
2012. This indicates to potential buyers that the real estate slump may be
ending. A high number of distressed sales are still depressing prices, but the
price trend is undeniably up. The still reasonable prices, coupled with
record-low fixed mortgage rates, provide a tremendous buying opportunity for
finding the perfect home.
There are many ways to find that perfect home. One way is to drive down the
streets in your favorite neighborhood and find For Sale signs. Some houses will
be for sale by owners, but most will be listed by realtors. An online search of
the realtor's listings will probably give you all the information you need;
price, home-size and the distinctive features of the home. Progressive realtors
will probably have an extensive photo display of all the rooms and exterior
views of the house and yard.
Then, there is the time-honored method of checking the newspaper ads. This can
very time-consuming and unproductive, as many properties are never listed in
the newspaper. Online searches can find almost any property for sale in the
A realtor Can Be Invaluable
At some point in the process, you will probably be able to use the services of
a realtor advantageously. Keep in mind that when buying a home, the seller is
the party that pays the commission.
If you are not computer literate, you need a realtor as you begin the search. If
you are reasonably proficient on a computer, you may be able to refine your
search before engaging a realtor.
Reasons to Engage a Realtor
Why is engaging a realtor a bright idea? An experienced realtor has an intimate
knowledge of market conditions. They know whether a home is overpriced or is an
outstanding value. Often, a realtor will be aware of properties which are not
yet listed and can give you the inside track on buying them. A progressive
realtor will also utilize the most advanced technology available, in order to
find your perfect home.
They are aware of the disadvantages of living in a particular neighborhood.
They will be aware of potential developments that could negatively impact the
A realtor is skilled at negotiating price. Often, when negotiating directly
with owners, personality clashes will derail a promising deal. Often, the owner
will be so emotionally attached to their home that they will have a much
inflated sense of its value. A realtor can temper that emotion and show the
seller the true value of the home.
A Realtor Will Guide You Through the Buying Process
A realtor can guide you through the maze of procedures involved in buying a
home. The title needs to be checked for defects and title insurance obtained.
The buyer will probably desire an inspection by a certified home inspector to
find any hidden defects. The home inspection reduces the risk of facing massive
repair bills immediately. The inspector will provide an estimate of the
remaining life of the roof and major systems and appliances. An insurance
policy can be obtained that will replace or repair systems and appliances.
A progressive realtor will also give you support after the sale. Sometimes,
unforeseen problems will arise, and the support of your realtor can be
invaluable. A realtor seriously values a satisfied client and will assist
There are many houses for sale in Philadelphia, and the perfect home is just
waiting for you.