Philadelphia Home News

Get the real-time scoop for the real estate obsessed including homes that just hit the market, investment opportunities, new development, and open houses Plus local happenings in Philadelphia and the Main Line!

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June 12, 2017

Low Inventory - Rising Prices

May 31, 2017

Boosting Your Homes Curb Appeal

May 25, 2017

Your Guide To A Stress Free Move

May 8, 2017

Calling All Sellers

May 3, 2017

OPEN HOUSE THIS SUNDAY

April 5, 2017

Energy Efficient Home Design Tips

 

Green homes have become all the rage in home design. Homeowners and first time home buyers should know what to look for and the best items to include in their home to help save those extra dollars. The summer is fast approaching, and like most home owner’s, members of the Salas Team are preparing their homes for the summer heat. Having a "Green Home" or "Energy Efficient Home" is a growing trend this season and home systems are being rethought through new design. We use the term "home systems" because we know how important it is to think of your home as a working system, and, like any other system, we do what we can to make it work better, faster and more efficient.

 

The most important place to start is with the home structure itself. Proper insulation of the roof, attic, and basement are all very important in helping to control the temperatures inside and out of a property. Obviously, you'll want to be sure your roof, in particular, is secure to keep cold or heat from outside from affecting the temperature you've set for the inside of your home; but, the basement is as equally important.  One new trend in "Green Homes" is utilizing a soy bean insulation as a green alternative to traditional fiberglass insulation. The insulation is a sprayed on expanding foam insulator that is not only good for homes but good for our health. It expands up to 100 times its size during the chemical reaction and there is no off gassing during the process or afterwards as it ages.

 

Windows and doors are also a key part of this process as cracks and holes need to be sealed properly to maintain a comfortable temperature in your home. Weather stripping occurs very frequently with in these areas of the property and it's important to maintain them well. Using blackout shades and curtains are one simple way to keep the sunlight from penetrating the windows and warming the inside of the house when you prefer it cooler.

 

Other features, such as the appliances and cosmetic aspects of the home, are next in line for saving you a pretty penny and keeping it green. Compact fluorescent lamps and energy efficient light bulbs have become the newest trends for small energy use fixes. These bulbs are so efficient, a house filled with these types of bulbs can cost about as much as one to two regular light bulbs! Who would have ever thought?!? Tank-less water heaters have also become all the rage! They use up to 30% less energy consumption than most water heaters, they are compact and space saving, and, most of all, they have a longer life expectancy than typical hot water heaters. So, you may need to spend a little more money up front, but, these minor changes will quickly pay for themselves with the amount you save over time. With a longer life expectancy, you can also guarantee you'll be saving that amount of money for a very long period of time.

 

Solar panels absorb the energy from the sun and convert that natural energy into electricity. It takes little explanation to recognize the value of solar panels, but, did you know that Pennsylvania provides a special tax deduction to homeowners who utilize solar panels or other energy efficient models? According to the US department of Energy, photovoltaic systems of 10 kW or less installed on 1- or 2-family residential units are eligible for streamlined permitting and a fee reductions.

 

If you'd like more information on some of these energy efficient tips or if you just have general real estate questions, call the Salas Team today!


 

 

March 28, 2017

Real Estate Trends

How Can They Help A First Time Home Buyer?

 

It's a common myth that when buying a home, you have to jump through a million hoops of fire to find the property that's perfect for you. As a first time home buyer, this assumption can make things appear daunting, if not impossible. In moments like these, it's important to not only broaden your own horizons but to get a real estate professional to help guide you through the process.

 

One of the first things a real estate agent will explain when it comes to finding a home for you is what the best process is based on the market and it's trends. An example of a real estate trend is "mortgage rates."  As a first time home buyer, you must be financially prepared to buy, especially in a market where property inventory is low.  There are various loan programs that will help you get what you want in a way that is fitting to your specific circumstances. A knowledgeable agent knows that rates are constantly fluctuating and is aware of new loan programs that are constantly becoming available; they also know how to advise you as to how long or quickly it will take to get through the mortgage process, which determines how quickly you will be in your new home.

 

Another popular trend an experienced agent will know to point out is the volume of homes for sale. Is there a reason why homes are selling fast or not selling at all in particular neighborhoods?  Are there too many homes for sale, but, not enough buyers? You will want to work with a negotiating guru to help determine how much you should pay for these homes under specific scenarios; an experienced agent will know when it is time to be aggressive on price (especially in multiple bid situations) and when it is fair to come in with a lower offer.

Just as you do your research when you are buying a new car, a new camera, or any other product for that matter, you must do the same when looking for a home. Know the trends, know the market, know the strategy! Knowing the trends simply help you understand the market so that you are in a position to negotiate and bargain in a sensible manner, but having a knowledgeable agent by your side will ensure that your best interests are met. Get yourself a Salas Team Real Estate Agent today and get on the fast track to finding your dream home!

March 20, 2017

How to Evaluate the Market and Price Your Home

 

With the Spring Market in full swing it's easy to get lost in the hustle and bustle of all the other homes hitting the market. So how do you know how to competitively enter the market while still getting the results you're looking for out of your home sale? The simple solution: consult a licensed real estate agent.

 

It's important in this moment to know what you want out of your home sale, and with the right real estate agent, you'll find this is usually the first thing discussed. Whether it be getting the top dollar for your home, selling quickly, or just selling because you're moving to a new location, your agent will find the best process and target market to fit your purpose.

 

Evaluating your market will be the first step in deciding how to price your home in comparison to the others selling in your neighborhood and /or zip code. These comparables also known as (COMPS) are done by your real estate agent and presented to you where along with your own personal reason for selling makes up the price you decide to ask for your home.

 

It's important not just to know the types of homes selling and for what price but also the type of people buying and why. For example the Philadelphia area is a forever growing city where pockets are constantly going up in value. Take the "Fairmount properties" for instance. Investors along with a real estate agent recognized a demand for homes in that area, analyzed the demographics and built a style of home, priced for it's market which was sold in no time by The Salas Team! The same goes for your home. New or not, knowing your market will bring value to your buyers and competitiveness to your listing, which of course, Gets Your Home Sold!

 

Contact a real estate agent at the Salas Team today and be on your way to a competitively priced home you can guarantee will sell. Check out this home below which Sold recently with the Salas Team and see how you can join the ranks!

Posted in Home Buyer, News, Sellers
March 13, 2017

GET IT WHILE IT'S HOT!

Investment Properties have been the talk of the town and The Salas Team along with its' newest listing are taking the Spring Market by storm!

Lots 54-55 Mill Rd of Rydal, PA provide the perfect opportunity for any investor looking to take their portfolio to the next level! Located in the prime Abington township where vacant land is hard to come by, this venture offers new opportunities no other township can provide.

 

Property Details Include:

13 Acres

10-15 Single Family Homes

Entertainment, Restaurants, Shopping Centers

Penn State, Arcadia, and Manor College

Highway access to 309 and PA Turnpike

Easy access to trains and public transportation 





  

 

 

 

Contact the Salas Team Immediately for a full Investor Pro-Forma to cement your interest. Move fast, this one is definitely not gonna last!

 

 

Posted in Investment
March 9, 2017

Millennials and Boomers Will Be Big Buyers In 2017

We always hear the market is "heating up," but what does that mean and who's buying anyway?

 

 

 

 

 

 

 

 

 

 

So far, 2017 can be described as nothing less or more than "interesting." Between politics, culture and the reveries of the world, interesting becomes an understatement. What do all of these "interesting" things mean for the housing market?

 

Millennials have been known to be the rebels of the late 20th and early 21st centuries and this year will surely be a year of progress for them. It has been predicted that Millennials, alongside Baby Boomers, will be the biggest buyers of the year.

 

There are more jobs and these jobs, fortunately, are those with higher pay; persons in the millennial age range (a range of 25-34 years) are qualifying to take these higher paying positions.  In addition, persons in the millennial age range also happen to be in the period of their lives when they start to think about marriage and children; which are the two biggest factors contributing to a buyers market.

 

As for Baby Boomers, market statistics indicate that they are no longer interested in the "usual retire and move to Florida or Arizona" plan.  Apparently, "sunny and breezy" has become less appealing to this group of buyers. Statistics show that Baby Boomers are staying in the work force longer are either downsizing close to home or upsizing close to home to stay near family and known friends.

So to all you thriving Philadelphia/Main Line millennials and boomers, this is your year!

Contact the Salas Team to find that 2017 hotspot!

Posted in Buyer Market