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

June 10, 2010

5 Reasons You Need a Philadelphia Realtor

Forbes real estate adviser Tara Struyk wrote an interesting article titled “Five Reasons Why You Still Need A Real Estate Agent” which can be found here. In the article she concluded that doing the work yourself can save money, but it could end up being more costly than a realtor’s commission in the long run. She reasoned a Realtor was […]

June 9, 2010

$8,000 Tax Credit Effects In Philly and Nationally

Philadelphia Real Estate $8,000 Tax Credit Effects In Philly and Nationally Al Heavens had another piece in the Philadelphia Inquirer that discussed the effects of the expired $8,000 Federal Tax Credit on the Philadelphia real estate market. In the article economists use the image of a “two-hill roller coaster” to describe the effect the tax credit had on the housing market nationally […]

June 9, 2010

$8,000 Federal Philadelphia Real Estate Tax Credit

Philadelphia Real Estate $8,000 Federal Tax Credit Now In Focus According to Alan Heavens of the Philadelphia Inquirer the full effect of the expired $8,000 first time home buyer tax credit is now in focus. Nationally the Federal $8,000 tax credit helped increase pending home sales for the third consecutive month. Lawrence Yun, chief economist for the National Association of Realtors said […]

June 9, 2010

Appraisals and Determining Price of Philadlephia Real Estate

I read the Article, “Deciding Home Values Now Tricky” by Al Heavens, Philadelphia Inquirer columnist which can be found here and it really hit home. This issue of appraisals and accurately determining value in Center City Philadelphia has been a hot button issue for the past few months whether you are buying, selling, appraising or a real estate agent. Appraisers were blamed […]

June 9, 2010

Renting vs. Buying Philadelphia Real Estate

Renting vs. Buying Philadelphia Real Estate I often am asked if given the condition of the Center City Philadelphia real estate market and the real estate housing market in general whether it makes more sense to rent or buy. Some real estate experts will use formulas, analysis, metrics and programs like this one I found on the New York Times website in […]

June 2, 2009

Wikipedia Short Sale Primer

A short sale primer for the Philadelphia home buyer compliments of Wikipedia A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens full amounts, whereby the lien holders agree […]