A Guide for First Time Home Buyer

Philadelphia

featuring Guidance from Kim Rock

Welcome to Philadelphia

One of the top reasons why most people enjoy living in Philadelphia is East Coast living with affordable housing and a very potential job market. Many also love the big city amenities and unique charm. Philadelphia is rich in arts and culture, as well as dining opportunities, fun activities, history, outdoor experiences and so much more. Philadelphia is also a great place to raise a family.

Valuable Guidance For Home Buyers
Trends in the Philadelphia Real Estate Market*

Median Home Price - $250K

Median Time on Market - 44 days

# of Homes Sold Last Month - 1160

Things are “softening” – the bidding wars have haulted. With rising interest rates buyers are taking their time to make educated decisions, have inspections, and not get caught up in a frenzy when making an offer on a home.

Noteworthy

Tips for First Time Home Buyers in Philadelphia
  1. Align yourself w the right “home buying team” (expert realtor, amazing lender, honest home inspector!) We will be your trusted resources to make this process as smooth as possible. Your realtor can recommend the others, ideally LOCALLY based professionals with a knowledge of the market you are in.

  2. Explore the area & all it has to offer – take a few afternoons to drive around, explore the parks, local attractions, even drive by some of the schools (if you have children) and immerse yourself in the various locations that fit your budget.

  3. Be flexible with your wish list – we all have “must haves” in a home, but give it a little flexibility. Inventory is VERY low right now. Do you see potential in a home to get to where you want it in the future even if it’s not there now? Can you do some cosmetic updates over time? Even add on, or add space for a bathroom etc if they don’t exist currently? Being flexible with your wish list will help open up doors to homes that may not have been on your radar.

  4. RELAX! Home buying can be stressful, but we are here to make it smooth sailing. Your first offer may NOT be accepted, but that’s OK! The experience will lead you to the right house when the time comes.

Buyer's Guide

click here to view Sonya's Buyer's Guide

Lending Programs

click here to find a lending program

Resource 3

click here to learn more about Houston

Are you looking to buy a home in Philadelphia?

Connect with Kim Rock

Philadelphia

Keller Williams Real Estate Langhorne

Realtor Since 2017

215 740 5643