Featured Listing

N.E, Philadelphia Rental-2B.R-1Bath w/Garage

N.E, Philadelphia Rental-2B.R-1Bath w/Garage
2 bed, 1 bath, 1000+ sf
$1,050

Featured Article

UPSIDE DOWN WITH YOUR HOME?.... YOU'RE NOT ALONE..

If you’re getting financially squeezed between your income and your homes negative value ..... you may want to think about a Short Sale before you go into Foreclosure. If your mortgage...
read more

Happy Clients

JuneDear Sheri,Thank you so much for all of your help with buying our first house - we would have been lost without your expertise! Also, thanks for helping with our...
read more

10 Steps in Preparing for Home Ownership

     

  • Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.
  • Develop a wish list of what you’d like your home to have. Then prioritize the features on your list.  
  •   Select three or four neighborhoods you’d like to live in. Consider items such as schools, recreational facilities, area expansion plans, and safety.
  •  Determine if you have enough saved to cover your downpayment and closing costs. Closing costs, including taxes, attorney’s fee, and transfer fees average between 2 percent and 7 percent of the home price. 
  • Get your credit in order. Obtain a copy of your credit report.
  •   Determine how large a mortgage you can qualify for. Also explore different loans options and decide what’s best for you. 
  • Organize all the documentation a lender will need to preapprove you for a loan.
  • Do research to determine if you qualify for any special mortgage or downpayment-assistance programs.
  • Calculate the costs of homeownership, including property taxes, insurance, maintenance, and association fees, if applicable.
  •  Find an experienced REALTORÒ who can help you through the process.