Right now it’s very difficult to find a property and get your offer accepted in our real estate market. Inventory is very low and competition is extremely hot.
Because of this, knowing about homes before they come on the market is going to give you a big competitive advantage. We would love to help you achieve this and would be happy to provide you with pertinent information.
Today I’d like to share just a few of these homes that are coming onto the market soon.
First we have an updated, move-in ready duplex coming to Fishtown, Philadelphia.
With two new kitchens and new flooring, this property is going to be good for two types of buyers: investors seeking to add additional cash flow and people wanting to move into Fishtown. The latter group of buyers could rent out a portion of the property in order to supplement their mortgage.
The second property I’d like to bring to your attention is an updated home in Roxborough. This home has new hardwood floors, an updated kitchen, three bedrooms and one and a half bathrooms, and will be priced at about $215,000.
Knowing about homes before they come on the market provides a big competitive advantage.
Roxborough has very low inventory, so this beautiful property will likely go fast.
Finally, the last property I want to let you know about is located in Rices Mill in Elkins Park, Cheltenham Township. Priced at $319,900, this gorgeous 4-bedroom property comes with two and a half bathrooms, a two car garage, and a large yard outside.
So if you’d like to be kept up-to-date on homes coming soon to the market, have any other questions, or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Today I want to take some time to give you an update on the Greater Philadelphia Area real estate market.
Let’s first talk about inventory accumulation, which is an indicator of if we’re in a buyer’s or a seller’s market. We take the number of homes that are for sale and divide it by the number of homes that are sold each month to give us a final number. Currently, we have just under four months of inventory in the Greater Philadelphia Area—which puts us in a seller’s market.
Because of the lack of inventory and increased sales from this time last year, we’ve seen the market value of homes increase by 8%. That means that it’s a great time to be a seller. If you’ve been thinking about selling your home, now is the time to get it on the market.
If you’ve been thinking about selling your home, now is the time to get it on the market.
Interest rates are still at historic lows, with the current rate hovering just around 4%. Even though you may have to be more aggressive as a buyer to purchase a home, you’re still getting your mortgage at a low interest rate.
If you have any other questions or you’re looking to buy or sell a home, please give me a call. I would be happy to help!
One of the hottest topics in real estate today is the Zillow lawsuit.
A woman from Illinois was selling her property but the Zestimate came in significantly lower than what she thought her home was worth. She feels that the low Zestimate negatively impacted her ability to walk away from her property.
This woman is not seeking damages. She simply wants the rules to change on how Zillow is allowed to promote valuations in the marketplace because Zillow is not an appraisal company.
That’s an important distinction because one in 10 Zestimates actually fall 20% below market value.
One out of 10 Zestimates fall 20% below market value.
We’re talking about real money. Buyers use Zillow as a tool to search for property and when they see that the Zestimate is so much lower, it’s going to be harder as a seller to actually sell the property for its market value.
As I’ve mentioned before, if you’re thinking about selling your home, Zillow can be a good baseline. However, if you want to know what your home is actually worth, it’s important to work with a real professional real estate agent.
If you would like to learn more about the Zillow lawsuit or find out what your home is worth, just give me a call or send me an email. I would be happy to help you!
Listing your home quickly and successfully in today’s market means following several important steps. Here’s what those steps would look like if you listed with our team.
First, you must do extensive research into your property. This way, we can present the best possible value for it. After that, we'll come out to your property, take a look at it, and advise you on how to properly stage it. We would also provide listing contracts to allow you to start the marketing process.
Once all the listing contracts are signed, it’s time to take some professional photos. As a courtesy to all our clients, we offer the services of a professional real estate photographer to help create a great first impression for any potential buyers.
After the pictures are done, it’s time to go live on the market. This is the stage when we’d enter your home into the MLS as well as other websites and start our aggressive marketing plan. From 8 a.m. to 11 a.m., our agents call any potential buyers out there that might be interested in your house.
These steps will create a great first impression for any potential buyers.
Once we’re live, we strive to keep in communication with our clients, which means keeping you up to date on any market changes, any interest in your house, and any other feedback so you know exactly what’s going on with your listing.
This is a quick and easy process to get your home on the market and sell it quickly and for top dollar. If you have any questions, please feel free to give us a call. We look forward to hearing from you soon.
When buying or selling real estate, are you better off working with a team or a single agent?
Using a team approach offers many more benefits than working with an individual agent. By working with a team, you’ll have experts in each area of the transaction instead of a “jack of all trades, master of none.” There are so many moving parts in a real estate transaction that if you don’t have specialized knowledge on your side, important details can be overlooked and cause you a lot of headaches.
In a real estate transaction, oftentimes there are two agents involved: the seller’s agent and the buyer’s agent. Each side represents two individualized skill sets. If you’re working with an individual agent who has to do both, you won’t have the opportunity to utilize the specific skills needed to master each craft. With thousands of dollars on the line in your transaction, you could leave money on the table by not having that knowledge at your disposal.
Working with a team means you’ll have experts in each area of the transaction.
In the coming weeks, I’ll introduce you to more members of The Zach Behr Group so you can learn about their varying areas of expertise and get an even better idea of how much better off you are working with a team instead of a solo agent.
In the meantime, if you have any questions or are thinking about buying or selling a home, don’t hesitate to give me a call. I look forward to talking to you soon.