For the first time in close to two decades, a significant Philly real estate tax break may see changes under the law. The Philadelphia City Council is reviewing evidence and hearing arguments relating to the 10-year tax abatement law. The President of the council, Darrell L. Clarke, is seeking to pass a bill that will essentially halve the total tax exemption for new residential construction. While there have been many attempts to change this law in the past 20 years, this effort has a higher predicted chance of pa... read more

If you’re in the market for a new home, most likely you're also in the market for a mortgage. However, once you’re approved for a loan, you need to be careful to avoid the mortgage mistakes that can make you hit the reset button on your home buying dreams.  After the process of searching for the perfect home, you probably are ready to kick back and breathe a sigh of relief once you’ve found the one. Buyer beware though, just because you’ve made the commitment to buy, and the sellers ha... read more

For first-time and other not-so-expert buyers, making the choice between a condo or a single-family home can be a challenge. Both of these property types are common starter homes, and while they often come in similar size configurations, that is where the similarities stop. Condos and single-family homes come with wildly different ownership qualities and financial obligations, and it is critical that buyers understand that before making an offer on either property type. Let’s take a look at condos versus sing... read more

When you decide to list your house for sale, the ideal situation is that it sells quickly and at a great price so you can get on with your life. While this scenario is not impossible (in fact with a good agent, this is definitely achievable), if you’re not careful, you can be stuck in real estate limbo for a long time. If this sounds like you, and your house has been on the market for months, then something has to change.  You can’t keep everything the same and wait for a miracle if you want to get... read more

October has come and gone and the houses lining the streets have traded their fog machines for holiday lights. As we hurtle faster toward the end of the month, year and decade let’s take a look back and see how the real estate market performed during the month of October in comparison to October 2018. WHAT’S HAPPENING NOW “With October in the rearview mirror, we can see a moderate to positive trend continuing in both Year-to-Date unit volume and price. The pace of inventory decline continues to b... read more