Real Estate Advice

When you’re buying or selling a home, it helps you understand not only the local real estate market, but some of the national trends that may effect your home selling or buying journey.

Our experienced team of real estate agents bring decades of collective experience to the table and regularly use this section of the website to offer their best tips and advice for sellers and buyers.

We hope you enjoy the advice we offer here! For an analysis of your home’s value or for help finding the right property in the Philly area, speak with one of our talented real estate agents or directly contact the CenterCityTeam office: 215.440.2093

August 12, 2011

Philadelphia Real Estate National Housing Market News

Philadelphia Real Estate National Housing Market News With the debt ceiling resolution and the subsequent S&P downgrade there has certainly been no shortage of housing or housing related news this week. Here are some of the major stories: • Foreclosure activity has fallen to its lowest level in over three-and-a-half years, according to RealtyTrac. The July foreclosure market report, released […]

August 11, 2011

Philadelphia Real Estate and Beyond

Philadelphia Real Estate and Beyond CalculatedRisk had an interesting article that showed how the housing market is missing the move up buyer – defined in this article as buyers in the $300,000 -$800,000 price range. Home sales in this price range from June 2010 to June 2011 dripped 25.5% (the most of any price range) largely because the federal home […]

August 10, 2011

Philadelphia Real Estate July 2011 Eshowings Report

Philadelphia Real Estate July 2011 Eshowings Report Philadelphia real estate showings report for July was just disseminated compliments of Prudential Fox & Roach, Realtors. The report shows a monthly total of 2044 showings which represents a decrease of just over 20% from June 2011 and a 3% reduction from July 2010. The showings were right in line with seasonal expectations. Showings tail […]

July 18, 2011

Eshowings Update: June 2011

Eshowings Update: June 2011 Eshowings Update: June 2011 June Home Showings Increase, 83% of Properties Shown Under 500k Below are the June 2011 Center City EShowings Data. Eshowings is the automated service Philadelphia Realtors use to set up, schedule, and record showings of their listings. These charts are useful in gauging home buyer demand overall and in specific price ranges. It’s interesting […]

July 17, 2011

Luxury Philadelphia Real Estate Selling Faster

Luxury Philadelphia Real Estate Selling Faster Luxury Homes Selling Faster – Selling a Home Luxury homes have been spending about 16 percent less time on market since early March even though inventories have been rising, which is normal during the Spring buying season, according to the latest weekly report from the Institute for Luxury Home Marketing. Days on market for all […]

June 9, 2011

Buying Foreclosures and REO in Philadelphia

Buying Philadelphia Foreclosures and Philadelphia REO How to Buy Bank Owned Foreclosures Banks own Philadelphia real estate because the banks have acquired the homes through foreclosure. Homes on a bank’s books are called REOs, which is an acronym for “real estate owned.” Realize that when banks receive property deeds to homes through foreclosure, it’s because no one showed up on […]

June 9, 2011

8 Tips for Philadelphia REO Foreclosure Offers

8 Tips for Philadelphia Foreclosures and Philadelphia REO Offers How to Write Offers to Buy REO Foreclosures Lots of savvy home buyers want to hit the jackpot and buy that Philadelphia REO foreclosure, many of which are often under-priced. When banks price REO foreclosures under the comparable sales, multiple offers are often the response. This means you could be up […]

June 8, 2011

Three Major Philadelphia Real Estate Home Buying Mistakes

Three Major Philadelphia Real Estate Home Buying Mistakes Three Major Home Buying Mistakes – How to Avoid Home Buying Mistakes! Not every mistake in a real estate transaction can be reversed, much less fixed before closing. If buyers goof up and make an innocent mistake, they might very well be stuck with the consequences for a long time or, worse, […]

June 8, 2011

Philadelphia Real Estate Tips For First Time Home Buyers

Philadelphia Real Estate Tips For First Time Home Buyers Before You Buy Your First Home – Tips for a First-time Home Buyer. It’s not uncommon for a first-time home buyer to say to me, “Gosh, just last week I called you about buying a home and now I’m in escrow! How did this happen so fast?”The answer is it didn’t. […]