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The Philadelphia real estate market is currently in a state of expansion, especially in the city’s Northeast side. For those who are unfamiliar with the market dynamics, this simply means that there are a lot of properties up for grabs. Needless to say, now is the chance to make the most of a perfect investment opportunity . All it takes is an aggressive attitude and the right enterprising spirit.
Of course, the process of buying a property can be a bit confusing if you are unfamiliar with the specific steps you have to follow. Luckily, we have our readers covered in that regard. This article presents a brief breakdown of everything you need to take into consideration before taking the plunge and making a real estate purchase.
First things first, you need to ensure that you have enough money to actually buy the property you want. Of course, if you are looking at residential properties then you should know that there is a wide variety of financing options available to you and have the Real Estate for it.
For instance, there are federal loan programs that do not require you to make the 20% minimum down payment usually required for this kind of loans. Additionally, the state also has its own financing programs to help first-time homebuyers.
However, it is vital that you do not get caught up with the terms and conditions promised by these programs. Instead, you should remain focused on your mortgage interest rate. More often than not, your interest rate will have a major impact on the total price that you will have to pay for your home.
Secondly, you need to look at the options in front of you. By that, we mean doing a cursory search on the properties currently available on the market today. You can do this through your real estate agent or by browsing through the listings online houses in philadelphia for rent. You can also start searching the classified ads for properties on sale. However, we highly recommend that you go with the first option as this will be significantly easier for you.
Keep in mind that your real estate agents are there to provide you with their expertise and their knowledge of Northeast Philadelphia’s market. Ask them to give you a list of the properties which fall under the same category as the ones you are looking for. They should then give you a file containing all the property’s pertinent information, including its actual price, mortgage options, amenities as well as its exact location.
By doing these things, you are actually saving yourself a lot of trouble. For instance, by asking your real estate agent for help, you get to avoid the hassle of compiling your own list of properties and having to drive around the city just to perform a direct inspection on each of them.
That being said, it is vital that you find a real estate agent who can effectively answer your questions. Aside from ensuring that you get the best deal possible, it is also their responsibility to ensure that you have a full understanding of how the Philadelphia real estate market works.
If you are looking to sell your property in Philadelphia, then the first thing you need to do is to ensure that you have the right people by your side. This is because a talented and dedicated real estate professional should help you make that sale quickly and efficiently.
As you may well know, your realtor works with your best interests in mind. It is their job to ensure that you get the best possible deal on your listing. That being said, it seems that many people are still unaware of how they can find a realtor that can best meet their needs. Luckily, this article provides readers with a handy guide to help you do just that.
It may come as a surprise to many that most people find realtors through referrals. With the Philadelphia real estate market as active as it is, this should be a no-brainer. This is a pretty simple way to get a preliminary list of names that you should check out. However, by no means does this mean that you should go with the first name that comes to you.
Alternatively, you can also take a look at the ads in various real estate magazines. While the may seem tacky, these personal ads actually say a lot about the realtor. It means that they are aggressive in terms of actively seeking out customers. This kind of attitude would certainly come in handy if they ever handle your property.
Of course, common sense would tell you that you will need to sort through this whole mess first. By that we mean do additional research on the potential realtors. You can make full use of your search engine and look for suggestions there. We highly recommend that you perform a localized search so that you can easily find realtors nearby. While you are at it, you should also look at client reviews online so that you have an idea on what to expect from them in terms of service and effectiveness.
Try to come up with a shortlist of great candidates who may be up for the job. Once that is done, schedule a meeting with them. Remember, meeting them personally is the most effective way for you to gauge whether they are up to the task or not.
We highly recommend that you put together a list of questions beforehand. Keep in mind that they are applying for the position. So, do not be afraid to ask the difficult questions. It should go without saying that you should not settle for a mediocre realtor. After all, you want to put your property in the hands of someone who can deliver on their promises.
In a nutshell, your realtor will be mainly responsible for ensuring that you get the best possible deal. That is why finding a reliable real estate professional should be at the top of your priority list. Luckily, with the tips presented above, you shouldn’t have a hard time with that.
If you are a commercial real estate owner in Philadelphia, then chances are you have heard of the wonderful investment climate in the city today. It presents a perfect opportunity to make a sizeable return on capital, effectively ensuring the future of your business in the years to come. Without a doubt, now is the time to sell.
That being said, it is vital that readers understand the complexity of the process itself. Luckily, this article has you covered. It teaches a couple of things you must always keep in mind before putting your property on the Philadelphia commercial real estate market. We recommend that readers pay close attention if they wish to make the most of this opportunity.
Selling your property is actually a bit more complicated than it sounds. First, you need to ensure that it is in the best possible condition. This should help raise its value once it reaches the market. Moreover, it will also help selling the property that much easier. So, before anything else, take a good look at the property and think of the things you can do to improve it.
Don’t worry though, as most of these can be done right away. For instance, a fresh coat of paint never fails to make any piece of property look new and appealing. Pay attention to the exteriors, clean the windows and replace any broken ones for better effect. More importantly, if the property has a parking lot, make sure that it is in the best possible condition. Pot holes are your greatest enemy.
Remember to put yourself in the shoes of the potential buyer. You would want a property that looks good instead of one on the brink of collapse. So, make sure that your property looks the part. Don’t worry about the expenses you incurred with the repairs as you will be fully compensated by the time you make that sale.
The next thing you need to figure out is your pricing strategy. Remember, you have to be realistic about the price if you do not wish to drive away potential buyers. However, at the same time, you also need to ensure that you are getting the best possible return on your investment.
In this case, checking out the competition is probably the best way to go about it. Check the listings and compare the value of the properties similar to yours. Pay attention to the financial details such as their asking price, lease rates, amenities as well as their location. Check to see how they hold up against yours.
Remember, there are a number of different reason why entrepreneurs would want to part with their commercial property. For instance, you may be planning an expansion and the space you have now no longer meets the requirements of your business. On the other hand, retirement is also a major motivator for some entrepreneurs as they look forward to living the rest of their days in style and comfort.
Whatever your plans may be, getting the right deal on your property will inevitably put you in the ideal position. We highly recommend that you find a real estate professional to help you with the task at hand.
After falling victim to one of the worst market crashes in real estate history, the city of Philadelphia has turned things around and has set itself on the road to recovery. Of course, this did not about overnight. With hard work and dedication, the city’s real estate market has come back stronger than ever, serving as a shining example of resilience and perseverance.
In fact, it is worth noting that Philadelphia has become one of the strongest real estate markets in the country today, especially for commercial properties. This is a well-known fact that effectively explains the sheer number of property listings in the city.
This presents prospective investors with an opportunity that is unlike any other. By investing in the various Philadelphia commercial real estate properties today, one stands to gain a lot more. As the market continues to recover and grow, the potential returns also rise exponentially. Of course, making the most of this unique chance all comes down to the right financial decisions.
The Philadelphia real estate market can become pretty convoluted at times. Navigating it successfully has been proven to be a real challenge. Needless to say, one should take all the help that comes their way. This article presents readers with a way to help this journey that much easier.
While it is an option for you to try your luck alone, we strongly urge you not to. Instead, we recommend that you bring in a real estate agent that you can trust. The right agent should make things a whole lot easier for you. This is because they are familiar with the lay of the land. They are better equipped to find the right opportunities and they are in a position to share their knowledge and practices with you.
Commercial properties are vital financial assets. As such, they must be managed correctly. When venturing into any financial market one has to make informed decisions if one wishes to reap its benefits. This is what your real estate professionals will do for you.
All business transactions entail a certain level of trust. When dealing directly with another party, one cannot help but feel ill at ease. This can lead to awkward situations at the negotiating table. Luckily, this can be avoided entirely with the right real estate broker by your side.
This is because your real estate professional will ensure that both parties have their facts straight. They will facilitate the entirety of the transaction so that you can feel secure and confident about your ultimate decision.
Readers must understand that real estate professionals have a lot on their plate. For instance, finding a property listing is actually a lot more complicated than it sounds. Aside from scouring the internet and the classified ads, one must also visit the site in order for it to be properly assessed. Then, there is also a strict vetting process that must be followed.
All of these are necessary if you wish to land a good deal. So when you find yourself looking at the different properties for sale, make sure that you talk to your agent about it first.
As one of the country’s most resilient cities, Philadelphia has stood the test of a real estate market crash as well as the general economic instability that soon followed. That is why it is wholly unsurprising to find that Philadelphia stands at the center of the commercial real estate market’s resurgence.
It is a well-known fact that real estate is one of the safest markets to invest in. All one needs is an enterprising spirit and enough start-up capital to make it work. It just so happens that the city of Philadelphia is home to a wide array of commercial real estate properties just waiting for the taking. Needless to say, this presents a prime option for entrepreneurs looking for the perfect investment opportunity. With the right firm by your side, anything is possible.
Of course, it needs to be state here that there is no shortage of real estate companies in Philadelphia. However, if you want to make the most of this chance we highly recommend that you go with the right one.
This article provides readers with an overview of what a great commercial real estate company can do for you. It delves into the specific tasks these companies need to do in order to effectively address your needs as their client.
At the end of the day, the role of a commercial real estate company is to help you ease into the market so that you have an understanding of how it works. They serve as your guide helping you define your vision for the property while also providing the necessary solutions to any problems that may arise. At the end of the day, you need the firm to provide you with a reliable service in order to ensure that the deal goes off without a hitch.
You may not realize it, but you will most definitely need all the help you can get when navigating the Philadelphia commercial real estate market. After all, it can be quite overwhelming especially if you are unfamiliar with the basic rules that govern it. That being said, your real estate agent should serve as your trusted resource so that you can maximize every opportunity that comes your way.
Your real estate agent should act as your market specialist. Needless to say, they should have the necessary skills and the right experience to help you with your specific goals. After all, success in any business enterprise requires cooperation and collaboration.
Getting the right real estate agent has become more important now more than ever. While the Philadelphia market recovers and grows, opportunities arise. With the right company and agent by your side, you could be on the right path to commercial real estate success.
This article explained the importance of hiring the right commercial real estate company. These firms play a crucial role in helping clients make the most of every investment opportunity by bringing together the right people at the right time.
If you follow the world of finance, then perhaps you are aware of the fact that Philadelphia has been making headways in the realm of commercial real estate. The rising number of property listings is one of the best indicators of this purported growth. In fact, there has been a notable surge in terms of the city’s market share in the past couple of years.
This is pretty exciting news, all things considered. This bit of news is especially useful for people looking for the next fruitful investment opportunity. This article seeks to help you make the most of this chance by providing a couple of useful tips to help you properly navigate the commercial real estate market. Hopefully, this should make it easier for you.
One of the most important steps to real estate transactions is the appraisal process. The same is also true for commercial spaces, as you may well know. While it may seem like a complicated process at first glance, the fact of the matter is that it is actually rather simple. This is especially true when you familiarize yourself with the basic tricks that many real estate companies use when assessing the value of a particular property.
If you are looking to make things less complicated for yourself, then we recommend that you bring in a motivated real estate agent in your endeavor. As you know, searching for the perfect investment opportunity can be rather challenging. With an agent by your side, however, that job will become much simpler. Basically, they will look for potential sellers who are eager to part with their property. Ideally, you should be able to seal the deal with both parties walking away happy and satisfied.
Aside from finding potential listings, your agent will also be in charge of facilitating the deal in your behalf. This essentially means that by hiring a real estate agent, you are essentially eliminating a number of cumbersome tasks that you would have to do yourself otherwise.
With the recent growth and recovery of the Philadelphia commercial real estate market, prospective entrepreneurs are given a unique opportunity to make the most out of an optimal investment atmosphere. This article presented readers with a couple of tips to help them find the real estate listing of their dreams.
The commercial real estate market in the city of Philadelphia is undergoing a renaissance. It is definitely showing signs of recovery and growth. This is a major development. In fact, it is one bit of news that investors have been counting on.
For the longest time, the Philadelphia market has been in a slump since the country’s general housing crisis. Now, it seems, those days have been left behind for good. This simply means one thing: the time to invest in commercial real estate is now.
Of course, it needs to be stated here that navigating any industry market, no matter how positive its outlook may be, without a full understanding of how it works is a recipe for disaster. This is a basic rule that most certainly applies to the commercial real estate market as well. This is something prospective investors should always keep in mind.
This article seeks to teach readers a basic understanding of the different terminology used by real estate professionals. This is so that you can effectively navigate the hectic world of commercial real estate. Hopefully, with our help, you can make the most of this unique opportunity.
With the market still in a state of recover, commercial real estate investors in Philadelphia often make use of different financing tools to acquire properties. One of the most common systems they adhere to is known as the cash-on-cash formula.
This formula makes it so that the investor is not required to provide 100% of the cash in order to buy the property. In other words, initial investments are useful if you want to get your foot in the door.
In order to fully understand the trends of the commercial real estate market in Philadelphia, one must first grasp the meaning behind the basic terms used by real estate professionals. Presented here are a couple that you must always keep in mind.
The road to industry recovery is never easy. However, it seems Philadelphia is leading the way in a major way when it comes to the commercial real estate market. We highly recommend that readers familiarize themselves with its dynamics if they plan on getting in on the action.
Real estate is a prime market to invest in if you have money to spend. Entrepreneurs in Philadelphia know for a fact that it is one the safest way to ensure that you get a sizeable return. However, as any credible real estate professional would tell you, not all properties are the same.
There are tremendous benefits to investing in commercial real estate. Without a doubt, it is so much better than its residential counterpart. This is because commercial property have the opportunity to enjoy the conditional cash flow and the bigger payoff that has become synonymous with the commercial side of the real estate market.
Of course, this does not mean that there is no science to the proper evaluation of optimal properties. There is a fine line between great deals and duds. This article seeks to help you stay on the right side of that line by teaching readers a couple of ways to make the most of commercial real estate properties for sale.
The first thing you need to know is do your research. You need to know what the industry insiders do. This is the way to become a serious contender in the commercial real estate market. For instance, it is a basic fact that commercial properties are valued differently compared to residential properties. This is because the value is directly related to the property’s usable square footage. Needless to say, this system is not used for homes and residences.
We are also not exaggerating when we say that the cash flow with commercial property is much larger than in residential real estate. As a basic rule, you stand to earn more with multifamily dwellings than with a single-family home. Additionally, the fact that the commercial property lease stays valid for a longer period of time essentially means the influx of money for that period is guaranteed.
Of course, before jumping in and buying the commercial property of your liking, it is vital that you formulate a game plan. Reader should understand that well-defined parameters are vital if you wish to make a successful commercial real estate deal. You should give due focus on the possible expenses that you may incur as well as your target return on investment.
The problem with most people is that they tend to focus on the long-term benefits of the deal. This leads them to neglect the finer details right in front of them. For instance, you should really be concerned with the mortgage rates of the properties you are looking at. Make sure to use mortgage calculator tools so that you have an idea of the actual cost of the property. Keep in mind that all of these will have an inevitable impact on your returns.
It is vital that you keep these things in mind if you wish to dip your toes in the real estate market. That being said, never stop looking for good deals on the market.
Philadelphia is home to perhaps one of the most vibrant commercial real estate markets in the country today. This is despite the severe bumps in the road that ensued following the housing market crash of 2008. Now, the city of brotherly love is experiencing a notable resurgence as more and more businesses are taking the risk and venturing into the real estate game.
Of course, investing in commercial real estate is a serious matter that demands one’s full attention. There are a lot of things that one has to take into consideration before signing that dotted line. For those unfamiliar with how the industry works, this article should help clear things up. It delves into the specific things your Philadelphia commercial real estate company should do for you as you prepare to invest in this venture.
Before anything else, we simply cannot overstate the importance of bringing in a reliable real estate company to help you through the process. It is vital that you bring in a firm that has a full grasp of how the Philadelphia real estate market works. That being said, choosing the right company will often result in a better deal and a more efficient process.
One of the main responsibilities of a real estate firm is overseeing the finer details of the deal. In particular, this means making sure that you have your finances in order. For instance, an efficient real estate firm would have its own in-house accountant that can examine the various tax implications of your real estate transactions.
This is doubly important as the company’s accountant not only has to be adept in the federal tax rules but they must also have a full understanding of the existing tax laws in the state. For instance, the accountant should be able to tell you how whether your planned real estate purchase falls under a corporate or a personal transaction. Aside from that, they may also have to deal with issues such as succession planning and transition financing.
It is also worth noting that some real estate companies offer their clients help in terms of getting their financing options. Needless to say, getting a commercial real estate loan from a bank is never easy. However, the process will become that much easier with the right firm by your side.
As the nexus of the industry, the city of Philadelphia has no shortage of real estate companies. However, the challenge is finding the ones that best fit your needs. Here are a couple of tips to help you find the right firm for your business.
This article presented a couple of things that a commercial real estate company should do for you. Make sure to keep those in mind.