Expect More New Real Estate Listings to Hit the Market Soon

Even though it’s mid-February, expect to see the busy Spring real estate market start to pick up very soon. If this year is anything like last year we should expect to see more new real estate listings go on the market in Roxborough and Manayunk in March than at any other time during the year. The chart below shows the new listings by month for Roxborough and Manayunk in 2017. The number of new homes on the market nearly doubled in March compared to February. What does this mean for home buyers and sellers?

 

2017 New Listings by Month Roxborough Manayunk

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Success Stories: New Homeowners in Glenside!

New Homeowners in Glenside

By Jon Miller, Realtor®

The Glenside market is tough for buyers right now so I’m especially happy to have helped these new Glenside residents with the purchase of their new home as they move from the city to the suburbs. Their purchase had a number of moving parts and challenges, including competing offers, but they had the best offer (though not the highest) and we were able to get them into their house.

How did they get the house even though they didn’t have the highest price? By offering some excellent terms we were able to make an offer that set the sellers minds at ease when it came to the possibility of the home sale falling through. In the end it made the difference and landed them the home.

Glenside is a suburban community in located in Montgomery County, PA. Glenside has areas in three different townships and school districts. The community is about a half hour drive from Center City Philadelphia (on the rare occasion you won’t hit traffic). It’s also served by the regional rail train line to Center City with it’s own train station. Keswick Village is a popular destination in the neighborhood for shopping and dining.

The most common homes found in Glenside are 3-4 bedroom detached homes with about 1700 square feet. The majority of homes in Glenside fall in the $200,000 to $300,000 price range.  The median price is $265,000 (as of 10/2017).

Congratulations to Glenside’s newest residents!

More Info

Click here to read about other client stories. If you’re thinking selling your home and/or buying a new home and would like to talk, please email me at jon@jonmillerhomes.com or call me at 215-839-6034.

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Under Contract in 2601 Parkway Condos | Philadelphia, PA 19130

New residents will be moving in soon at one of my favorite condos in Philadelphia! I’m excited for them to have found such an amazing new home. Take a quick tour of the building and check out their newly remodeled 2 bedroom/2 bath condo with terrace views of the Fairmount neighborhood and the Philadelphia Museum of Art.

 

About 2601 Parkway

2601 Parkway is a 12-story building located near the Philadelphia Museum of Art, Boathouse Row, and the Schuylkill River Trail. The building is located in the Fairmount Neighborhood just northwest of Center City. The condo includes a fitness center, community room with a full kitchen, and a shuttle service.

More Info

Click here to read about other client stories. If you’re thinking selling your home and/or buying a new home and would like to talk, please email me at jon@jonmillerhomes.com or call me at 215-839-6034.

Condos for Sale in 2601 Parkway

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“What Do You Mean There’s Another Offer?”

Worried FaceBy Jon Miller, Realtor®

After months of searching, you’ve found the perfect house and you’re ready to make an offer. You’ve decided on your offer price and your getting ready to write the offer and have it sent over to the seller.

This is one of the most exciting times in the home buying process. You’ve seen hundreds of homes online. You’ve seen a dozen, or more, in person. This is the one that has everything that you’re looking for. All you have to do is get your offer in, maybe negotiate a bit, and get ready to move into your new home. Then, your agent calls.

“So, I just got off the phone with the seller’s agent and they have another offer in hand. They’re also expecting another to come in later tonight.”

After a brief silence you say, “What do we do?”

Unfortunately, this is a situation that happens a lot as real estate markets have shifted into seller’s markets. There’s a shortage of supply and a lot of demand. Recently, I had a client who made an offer on a house that had 10 other offers (it sold for more than the asking price). I tell buying clients that if they fall in love with a house that just hit the market there’s a good chance someone else has, too.

So, what can you do?

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How to Buy Your First Home Info Session

How to Buy Your First Home Info Session

When you’re buying something as expensive as your first house a house, you’ll have a lot of questions. Savvy home buyers will have as much information as possible about the home buying process and what to expect from the beginning of your search through the day you get your keys.

If you’re thinking about buying your first home in the next 6-12 months, you won’t want to miss this event. Space is limited so RSVP’s are required.

This event is only open to attendees who do not have an agency contract with a real estate agent/broker. If you are currently working with a real estate agent, please disregard.

 

 

 

 

How to Buy Your First Home Info Session

How to Buy Your First Home

 

When you’re buying something as expensive as your first house a house, you’ll have a lot of questions. Savvy home buyers will have as much information as possible about the home buying process and what to expect from the beginning of your search through the day you get yours.

Join me for a free info session on How to Buy Your First Home. Come enjoy great Happy Hour specials and learn the in’s and out’s of home buying in a relaxed and casual atmosphere (with no sales pitches, I promise). During the session, we’ll take a few minutes to go over the home buying process and do a quick Q&A to answer your specific questions.

If you’re thinking about buying your first home in the next 6-12 months, you won’t want to miss this event. Space is limited so RSVP’s are required.

 

This event is only open to attendees who do not have an agency contract with a real estate agent/broker. If you are currently working with a real estate agent, please disregard.

 

 

 

 

What Buyers Need to Know about Multiple Offer Situations

By Jon Miller, Realtor®

Seller’s Markets are tough for buyers. There are few homes to choose from and home buyers often find themselves competing for homes. Knowing what to expect when competing with other buyers will help you put together your best possible offer and give you the best opportunity to have the winning bid.

Before getting into the strategies, it’s helpful to put yourself into the seller’s shoes to understand their position. Most sellers want to sell for the highest possible price and the smoothest possible transaction. Sellers typically don’t want to negotiate repairs or reduce the price after inspections. They also don’t want their sale to fall through due to financing or inspection issues leaving them to start over and re-list their home. Sellers may also want a quick sale so they don’t have to keep paying the mortgage or they may want a flexible timeline because they may still have to find their next home. Understanding the seller’s position, wants, and needs can go a long way when crafting your offer.

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Home Inspections: What Should Buyers Expect?


By Jon Miller, Realtor®

Home inspections are usually the most stressful part of buying a home after negotiating an agreement with a seller. Many home buyers aren’t sure what to expect from inspections and that can make the home inspection process especially difficult to deal with. The best ways to minimize stress during home inspections is to be prepared, to understand the process, and to understand what to expect from negotiations. There are a few key points to be aware of before getting into the details . . .

  • More home sales fall apart during the inspection process than at any other time during the home buying process.
  • There’s no such thing as a perfect home. Every home has issues. Some are major issues, some are minor issues.
  • Sellers aren’t required to make repairs, provide money for repairs, or fix anything. Those things may be negotiated.
  • Homes don’t pass or fail inspections. Inspections are an assessment of the condition of the home.

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