How Much Home Can You Buy in Philadelphia? ::Step 1::

Home Much Home Can You Buy in Philadelphia? ::Step 1::

Make a Rough Estimate of How Much Home You Can Afford Based on Income

Most homebuyers find that they need to finance at least part of their home purchase. Therefore, the first stage in finding the right home is to review your personal financial situation and make an informed estimate of your true purchasing power. Your purchasing power will depend on:

• Your income
• Your Credit Rating
• Other Monthly Expenses
• Your Down Payment
• Available Interest Rates

Here are a few methods that will give you an approximate starting point for how much home you can afford:

METHOD 1: The price of your home shouldn't be more than 2.5 times your annual salary.

METHOD 2: A house payment should be no more than 25% of your gross monthly income (before taxes and deductions.)

Keep in mind that these are guidelines. There are many other factors that determine how much home you can afford.

Want to take the first step in buying your home?
Talk a lender today!

Phone Number

First Name

Last Name

Email

Msg&data rates may apply. To unsubscribe, text STOP to 313131 (393939 in Canada). For help text HELP anytime.
Available in USA & Canada. Your privacy is always protected and your information will not be shared.


Powered by

Ez Texting

Seller Secrets: How Philadelphia Buyers Look for Homes

Seller Secrets: How Philadelphia Buyers Look for Homes

easel.ly

When you’re ready to sell, creating interest among buyers is the first and most critical step. This seller secret to getting your house the attention it deserves. The best houses on the market still need to get their house noticed.The biggest factor in a buyer's search is price. 90% of buyers are using the web to look for homes. Agents use the internet to tell their clients of the best homes. A typical online home search is conducted as the average home buyer enters in just a few search criteria. Price, number of bedrooms and bathrooms. From those three items a typical MLS will return hundreds if not thousands of homes that meet the buyers needs. From that list the buyer and their agent quickly scroll through to find the few homes that they want to visit in person. 

Search results group homes into price brackets or ranges which may be ten thousand dollar or twenty-five thousand dollar increments. These brackets drive what buyers and their agents see is critical in pricing right. When you price your home out of its optimal price bracket a buyer sees homes in the next price bracket which may be larger and have more features and amenities in comparison to your home. Effectively, what you are doing is ensuring that people who are searching in a higher price bracket will find your home among hundreds of other homes that may be newer, bigger, and perhaps have more amenities. Keep in mind that the buyer and the buyers agent are eliminating choices immediately without ever setting foot in the home based only on online descriptions that put your home at a disadvantage. By pricing your home in a higher price bracket your home could be eliminated without ever being seen by the right buyer. Even worse, the right buyers searching for a home just like yours and all that your home has to offer may not even see your home in the search results and wouldn't have the opportunity to make it one of the few they tour in person. To compete and win your house has to offer the most room and amenities for the best possible price compared to competing sellers houses.

The Stats: This Month In Real Estate

The Stats: This Month in Real Estate

Know your numbers! Our lead market analyst at Phoenix for Philly Real Estate breaks down national trends to provide Philadelphia home buyers with useful tips on mortgage rates, home prices, and market stability. Register today to receive market updates about your favorite Philly neighborhoods. Click Here for FREE Copy This Month in Real Estate

Register to receive your FREE neighborhood market report and customized home buyers tool kit.

Phone Number

First Name

Last Name

Email

Msg&data rates may apply. To unsubscribe, text STOP to 313131 (393939 in Canada). For help text HELP anytime. Available in USA & Canada. Your privacy is always protected and your information will not be shared.
Powered by Ez Texting

Big Dreams

Tips for Homes That Didn't Sell The First Time

Philly Freebie Event: University City

Beer Tasting

Thursday October 11th and Friday October 12th at 6-10PM

World Cafe Live

3025 Walnut Street

Philadelphia, PA 19104

Enjoy the history and variety of the world famous Guinness Brewery. Try the Draught, Foreign Extra Stout, and Guiness Black Lager. Must RSVP to attend.

RSVP Here!

Homeowner Tip: Maintenance

Downspout Extension Fix

The average age of a home in Philadelphia is 52 years old. This being said, keeping your home beautiful and well-maintained can be a full time job! Here is another tip provided by Abundant Home Inspection Services to fix a frequent issue found in most homes:

Philly Event: South Philly/Sports Complex

Xfinity Live First Annual Xtoberfest

September 29th at 2-8PM
Xfinity Live

Xfinity Live is the newest addition to the Philadelphia Sports Complex. Since it has opened its doors, it has been the main attraction for pre- and post-game revelry. This event is sure to get Octoberfest in Philly of to a great start with:

• More than 45 Beers on tap to taste
• Food
• Live Music
• DJs
• Mechanical Bull
• Kielbasa and Pretzel Eating Contests
• Barrel Rolling Tournament
• Body Painting 
• Live Mural Painting
• Giant Jenga and Connect Four Games

Click here for more details!

Daily Dose of Real Estate: Queen Village, University City, Somerton, East Mt Airy

Click Here for More Information

Philly Event: Philadelphia Waterfront

Refine Your Red Wine Palate

Wednesday, September 25th at 5PM
Moshulu Restaurant and Bar
401 South Columbus Blvd.
Philadelphia, PA 19106
P: 215.923.2500
F: 215.829.1604

If you haven't treated yourself (or your significant other) to a meal at Moshulu, you are truly missing out. The food is delicious and the view of the water is amazing. Change up your usual happy hour routine with this event. For just $30 brush up on the different styles of Red Wine with sommelier Dusan Vranic.  

Philadelphia Freebie: Baltimore Avenue

Baltimore Avenue Dollar Stroll

Thursday, Septebmer 20th at 5:30PM

- food

- services

- yoga

- beer

- stuff for pets

- ice cream

- desserts

ALL FOR $1!!!

Baltimore Avenue has slowly but surely been getting quite the face lift. An adjunct to the University City Area , this is one of my favorite places to get away from the hustle and bustle of center city while still having cool cafes, great restaurants, and people watching potential. It's the kind of place characterized by unique cafes, crunchy granola vegan fare, and good beer. There is an artsy flair to just about everything along this corridor. It's home to students of neighboring University of Pennsylvania and Drexel University. The weather today is perfect for taking a stroll to explore some of the best that this area has to offer. See you there!

Philadelphia Weekend Warrior Event: Old City

VIP Fall Launch & Grand Opening Party

Friday, September 21st 5PM-12AM
Reserve Restaurant, Bar, & Lounge
123 Chestnut Street, Philadelphia PA 19106

Kick off your weekend with style! Reserve has established itself as the place to indulge in great food, wine, and ambiance. The lavish decor and opulent ceilings instantly make you feel as though you are dining and imbibing with Philadelphia's finest. This special event will feature:

Red Carpet Entry
Live Entertainment
Open Bar
Menu Sampling

Hope to see you there!

RSVP here!

Philadelphia Event: University City

Jeremy Deller: Joy In People at the Institute of Contemporary Art

September 19 through December 30, 2012

OPENING NIGHT EVENTS, WEDNESDAY, SEPTEMBER 19, 2012:

5PM EXHIBITION WALKTHROUGH WITH CURATOR RALPH RUGOFF, ICA MEMBERS AND DONORS ONLY
6:30PM ARTIST TALK BY JEREMY DELLER, FREE FOR ALL
7:30-10PM PARTY, FREE FOR ALL

UK born Deller is most known as an conceptual, video, and installation artist. His 1997 work Acid Brass revealed the link between Big Band and House music. He formed an amazing collaboration with the Williams Fairey Brass Band that resulted in this insane performance: 

Jeremy Deller at the ICA
Explore Jeremy Deller

Love Your Block Contest from Phoenix for Philly Real Estate

We at Phoenix for Philly Real Estate want to know about your favorite Philly neighborhood. It's super easy. Facebook, Twitter, and Instagram it and $25 is yours. This is the City of Brotherly Love so share it (the love that is!)

a Rafflecopter giveaway

Hot Philly Listings: Center City

Check Out These Brand New Philadelphia Listings Today!

Weekend Warrior Philadelphia Event: Old City

Sunday 'Bottomless Brunch' at Reserve
Every Sunday Starting September 16th at Noon

Philly can't be beat when it comes to brunching! Just about every foodie hot spot in the city is featuring an awesome brunch menu. Reserve is not to be excluded from list of  yummy places to nosh on Sunday. What makes Reserve distinctive? They spell brunch like this:

Beats
Reflexology
Unlimited Cocktails and Food
NFL
Card Readings
Happiness

There is a little something for everyone here. Check out the sneak peak menu below.
RSVP TODAY!

Philadelphia Event: Waterfront

Drink Philly Red Bull Flugtag Team Launch Party:
Victory Tap Takeover at Standard Tap Sept. 12

Are you ready for the Red Bull Fulgtag Challenge?! Get your enthusiasm bubbling tomorrow at Standard Tap. Red Bull will be taking it over and tapping some of Philadelphia's best brews. Hope to see you there!

http://ow.ly/dD0yu

Open House Alert!

Sunday, September 9th
12-2PM
2834 Cambridge Street, Philadelphia PA 19130

I will be hosting an Open House at this new Art Museum rehab! The home is right in the center of a newly developing area within the Art Museum District. New bamboo hardwood floors and ample natural light throughout the home give it a airy and modern look. The open layout of the living room and kitchen are perfect for entertaining not to mention the newly built deck overlooking the backyard. This home has plenty of potential and is ideal for the first-time home buyer. Don't miss your opportunity to see this great home on Sunday.

First-time home buyers be sure to stop by and meet me to learn more about the Wells Fargo CityLIFT Program that is awarding up to $15,000.00 toward your down payment.

To schedule a consult while at the Open House schedule a time to meet here.
See you there!


Click Here to get Preview of Open House!

The Credit Lady Has Great Info for You!

Check Out the Back to School Edition

Why is it important for your agent to network?

Nicole Phoenix Principal of Phoenix for Philly Real Estate and Onisha Williams of Owner Koco Nails

"They" say no man is an island. There is a lot of truth to this old adage. There are some clear markers of a good consultant and some that may not be so apparent when interviewing the person to represent you in a transaction. One trait that should never be overlooked is your agent's ability to network. The definition of networking is ": the exchange of information or services among individuals, groups, or institutions; specifically : the cultivation of productive relationships for employment or business." Thanks Merriam-Webster!


Why you ask, do I care if my agent can schmooze with the best of them? The answer is simple. There are so many moving parts to the successful purchase or sale of a home. The transaction itself involves the cooperation of quite a few parties including: the buyer, seller, buying agent, selling agent, lender, appraiser, home inspector, title company, and maybe even contractors. Do you want your agent to be notorious for being a jerk to all of these people?! 


When an agent is building their business there is a tendency to stamp your name and face on everything under the sun (websites, tee-shirts, business cards, shopping bags, etc.) Let's face it, branding and image is everything these days. This being said, it's very easy for one to forget that the agent is not at the center of their business. You are! So one of the key things that your agent should be able to brag about during your initial interview is the ability to get everyone involved in your transaction to cooperate toward achieving the goal of getting you into the home of your dreams or getting your home sold. So does your agent unselfishly share the success of accomplishment with those who have assisted them to nurture the cooperative efforts of others?

Watch Phoenix for Philly Real Estate Rock at Networking!