First Time Home Buyer in Philadelphia
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
- 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.
- 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.
- 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.
- 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
