Philadelphia, PA - Although, we are, presently, experiencing, a Sellers Market, in housing, which, we have never seen, in recent memory, to this extent, and, resulting, escalating, home prices, and, far - more, qualified, potential buyers, than houses, for - sale, instead, of overreacting, etc., an intelligent buyer, will take the time, and make a concerted effort, to better understand, and, indeed, appreciate, those significant factors, which every buyer, should!
7 Factors To Consider in Philly Before You Buy A Home
These factors are, of course, in addition to closely examining the specific features and quality of the house! With that in mind, this article will attempt to briefly consider, read, review, and discuss 7 key ones and why they matter.
1. Area/ region/ neighborhood: Consider, what you like, and don't about a specific area, and/ or community! What are the strengths, weaknesses, and neutral considerations? If you are familiar with the site, why are you attracted to it, and what does it offer? If you are not, do some research, speak to neighbors, drive around, and observe!
2. Your personal, present/ foreseeable: future considerations: Each of us is unique in specific ways! Since, for most, their home's value represents their single - biggest financial asset, it is wise to pay keen attention to what you are seeking and differentiate between your present and foreseeable - future needs, priorities, and goals, and how a specific house, might serve your purpose! What attracts you, and not, and why?
3. Real estate taxes: Remember, real estate taxes are often a significant component/ part of your monthly costs of homeownership! When doing your calculations, don't forget to consider the impacts of these seriously!
4. Safety/ crime: Examine the area's relative - safety and crime figures! For most, living in a safe neighborhood is the most significant factor! Look at the data, rather than just asking someone!
5. Conveniences: How convenient is the location, especially related to your needs and priorities? Is it close to shopping, markets, drug stores, etc.? How about access to mass transit? Is it easy and convenient to use a car, etc.?
6. School quality: If you presently have, or plan, to have a family/ children, or, even if you don't (because it affects future resale values), examine the reliable data regarding the quality of the local school system! Many states publish official data, etc.!
7. Your personal comfort zone: What makes you feel comfortable, and how would a particular property enhance your enjoyment, etc.? Do all the facts fit into your comfort zone, especially in terms of costs, monthly expenses, area, location, and all other relevant factors? Remember, if you aren't comfortable, you probably, shouldn't purchase that specific house!
Be a more intelligent home buyer! Consider these, and any other, personally - significant factors, carefully before making a final decision!
Richard has owned businesses, been a COO, CEO, Director of Development, consultant, professionally run events, consulted to thousands, conducted personal development seminars for 4 decades, and a RE Licensed Salesperson for 15+ years.