Living in a city has a TON of benefits. Access to large grocery stores with tons of parking, though, is not usually one of them. Recently, many Philadelphia neighborhoods have seen a development of desirable grocery stores, like Trader Joes or Whole Foods, that offer residents fresh product and lots of choice. Residents of other neighborhoods, though, including those outside of Center City, may Continue Reading
Is Philadelphia a Seller’s Market?
Most real estate sources seem to confirm one thing: the real estate market in Philadelphia is heating up. This means homes are increasing in value and selling for more than they would have a year or even a few months ago. Basically, it may be become what we call a seller's market. But what does that mean for someone trying to buy a home, really? Here are 5 things to keep in mind if you’re looking Continue Reading
Why Buying a House in Philly is Better Than Renting
With more than ¼ of all adult millennials in Philadelphia living with their parents due to the cost of rent, many ask the question: “Will I EVER be able to afford to buy a house?” Thankfully, the answer is YES. Although rent may seem unaffordable, buying a home in Philly can actually be a cheaper option. Nationwide, about 21% of millennials are living at home, while the number in Philly is at 27% Continue Reading
Philadelphia Row Houses: Classic Styles Anyone Can Love
One thing that distinguishes Philadelphia from any other city, and makes you realize you’re really in Philadelphia, is the residential architecture. Loft conversions, contemporary town homes, high rises: Philadelphia definitely has it all, but the one style that seems to maintain popularity throughout the ages is the classic Philly row house. From two stories to four stories, stone to stucco, Continue Reading
Neighborhood Spotlight: Graduate Hospital
Graduate Hospital, a neighborhood west of Broad Street and South of South Street, bordering Center City, is often considered a great location for first time home buyers. Why consider Graduate Hospital? It has a lot of desirable features of the other bustling neighborhoods in the middle of Philadelphia, but with its own unique vibe. Here’s what you need to know! Graduate Hospital’s Continue Reading
Buying Your First Home in Old City Philadelphia
Old City Philadelphia (sometimes spelled as Olde City) is known for two things: tourist attractions and nightlife. These items, though, are also what makes Old City a popular neighborhood for buying a home. Read on to see if Old City is right for your first time home purchase. Old City’s location is super convenient Old City is appropriately named. It’s literally the original part of Continue Reading
Considering Neighborhood Infrastructure When Buying Your First Home
If you’re a first time home buyer in any city, state or community, there’s likely a list of things you want to consider in your new home. Size, number of bedrooms and bathrooms, condition, and perhaps neighborhood schools likely top the list. Others have more specific requirements, like finished basements, home offices, garages or yard space. But if you are buying in a city like Philadelphia, Continue Reading
Real Estate Investing: What Newbies Should Know
Have you heard that real estate investing is the path to financial security? Maybe you’ve watched those house flipping shows and decided that seems like an exciting and lucrative career. Perhaps you’ve even been to a real estate investing seminar and have taken steps to start your new path to financial freedom. If you are brand new to real estate investing, you don’t need to start with a huge Continue Reading
What Are the Worst Homes for First Time Buyers?
When buying your first home, you may have an image in your mind of the house you’ve been dreaming of since childhood. Or perhaps you’re eyeing a cute bungalow, or a crumbling Victorian mansion and have grand plans of making it your own. But is the perfect house for right now really the perfect house for a first time buyer? While everyone has different needs and wants, first time buyers might want Continue Reading
Budgeting for Your Home Purchase: What First Time Buyers Should Know
Buying a home is a financial investment. It comes with not only a monthly payment, much like what you’re probably used to paying in rent, but additional upfront costs, one-time fees, and even monthly escrow can really increase the amount you will spend. Here’s how to determine how much you might expect to pay for your new home. Use a mortgage calculator to determine what you can afford. Mortgage Continue Reading
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