Real Estate Blog

The internet has certainly leveled the playing field for people that want to sell by owner. Let’s not forget that there are still some basic marketing principles involved in the process. There are two things you must know to increase your chances of selling by owner.

Know Your “Comps”

Most homeowners look to similar homes nearby to approximate the value of their own home. Most homeowners also stop right there. Here’s how you can increase your odds of success: Get the whole picture. The price you ask for your home should be arrived at based on several very different criteria. The first is obvious. The industry calls them “comps” or comparisons. Nearby homes that have sold in the last couple of months that are similar in style, square footage, bedrooms, bathrooms, year built, garage size are among the first set of numbers that need to be collected. The trouble is, when you are selling by owner, there are plenty of things you may not know to take into consideration. Location is a big one. This is where industry professionals can be a helpful resource. For example do you know how much it affects the value of two identical homes in the same neighborhood if one of them is on a busy street? It can vary from city to city. Doing thorough research will likely involve the expertise of local professionals. Work with experts that don’t have a financial motive in the sale of your home, like real estate appraisers, and trust their expertise. Continue reading ‘Selling by Owner? You Need to Know These Two Things’ »

With almost 10,000 different Philly homes for sale, it should not be hard for you to find the home that you have always been looking for. There are plenty of homes on the market, and it is definitely a buyer’s market right now. Whether you want Philly condos for sale or a single-family home, there is something for everyone. Depending on where you live, you will pay different prices for these homes. The median sales price of a home in Philadelphia is about $130,000 currently, but there are plenty of homes much cheaper and much more expensive than this, depending on your budget or amenity needs.

When shopping for Philly homes for sale, you have to remember that this is the 6th most populated city in the United States. There are more than 1.5 million people in the city, which combines with the greater Philadelphia metropolitan area to create a population of well over 5.8 million residents. Not all of these people are competing for the same homes that you are, but some will be. You have to shop early and look often. New homes are being placed on the market every single day. If you want to live in the city, you will definitely have to beat the competition to the popular Philly condos for sale and the lofts that are becoming quite a hit.

Continue reading ‘Philly Homes For Sale Get The Home You Have Dreamed Of’ »