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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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
March 2, 2017

Why Purchase a­­n Investment Property?

Attention Investors

 Most people purchase investment properties for ­­3 reasons: Financial, Career and/or Personal Independence. Although these are all great reasons, most new investors don’t realize the underlying benefits and even some of the responsibilities that come along with owning an investment property. These all vary based on your property type: Turn-Key property, Multi-Use property and Duplex properties. A real estate professional would be a great resource in helping decide what is best for you. 

With owning investments, you are guaranteed one thing, it’s yours; you own it. That leaves the floor open to options and ideas that are born and brought to life on your time. You find that once the initial investment properties maintenance and requirements are taken care of, the profit begins and is stagnant throughout the future of your investment. This leaves you open to the opportunity for financial independence. Your income becomes a way of life. Most owners either take that and invest it in other properties or business ventures they now have the time for. So now that you’re more financially stable, independent within your career and finances that leaves plenty of opportunity for personal advances, whether family or even just time to relax and enjoy the fruits of your labor.

 There are also a lot of underlying benefits and responsibilities that come into play when being an investor; tax benefits, property appreciation, having a real estate professional help you understand the risk to revenue ability and employing rental property experts to help assist with the management portion of your property or properties you have invested in. Most new investors are not aware that the federal government offers tax benefits and considerably lower tax-rates for lengthy-term profits. Another large benefit is that once the market starts to appreciate or depreciate, although your properties overall value may change, the options of your tenants and clients help you balance such changes and control your environment to still be a lucrative venture even in a not so appealing market.

Lastly, the responsibilities of owning an investment property can be immense, and sometimes taxing on the owner. For those who own multiple properties, one option is to hire a Rental Property Management Group. These people are often immensely versed in rental knowledge for the things that we as investors may not typically know; for example, searching for and interviewing prospective tenants. What to do in case if your tenant refuses to pay rent on time or tries to exhibit his ownership on your property? All these questions are just illustrations of the problems which as new investors, you might face. 

                                                                                               

When deciding how soon to invest, the answer is NOW! Speak to a Salas Team professional today to help you you explore a property, the market, the location, and the return on investment.  One of our representatives can help you analyze the right investment vehicle for you.

 

This triplex (pictured above, pictured to right) near Temple University for example is a great opportunity that you can explore on the Salas Team website or contact us at The Salas Team at 267-288-8079 or email info@SalasTeamRealEstate.com

 

 

 
Posted in News
Feb. 27, 2017

Spring Market Is Fast Approaching!

The Great Outdoors!

The weather is starting to warm and signs point to packing away the winter coats and getting the sundresses, shorts, and sandals out from storage. But what do you do when it's a little on the in-between, when you still want to be "outdoorsy"and mother nature seems to be just a bit fickle?

You Bring the Outdoors in!

 We’ve discovered  that in order to keep mother nature's fickle attributes from getting you down, home owners have been decorating the indoors like it's an outdoor getaway. Some ideas to help give you the outdoor feel are to utilize furniture that can be used outside as well as inside; use new trendy nature wallpaper textures; incorporate a small indoor terrarium; or add quartz pieces as display art. These design ideas make even the most modern and clean cut places look and feel like you're a step away from the beautiful accents of nature. 

 

Sometimes there’s nothing like a BBQ with friends and family in the comforts of your home! If you’re in the market for the ideal location far enough from the hustle and bustle of Center City yet still enjoy city living, Northern Liberties may just be the perfect fit! Many properties located in these areas carry roof-top decks and plenty of indoor entertainment space for those slightly cooler spring days. The Skyline view was indeed no accident in these fantastic home locations. Just contact the Salas Team for any of your home buying needs.

   One wall of wallpaper can accentuate any room!

 

 

 

 

 

 

 

 

 

Posted in News
Feb. 23, 2017

829 Hagys Ford Rd - Price Reduced! Motivated Seller!

Beautiful Home in Lower Merion Township!

Located across from Penn Valley Elementary School just off of Hagys Ford Road. This property has been meticulously maintained with improvements and new finishes, such new heater, garage door, and Sump Pump - French Drain system. Some of the refinishes include new hardwood floors, install of closet systems, updated kitchen backsplash, finished basement, and so much more.

If you or someone you know has any interest contact The Salas Team at 267-288-8079 or email info@SalasTeamRealEstate.com. We will send a full list of upgrades upon request. 

Property Details: 829 Hagys Ford Rd, Penn Valley, PA 19072

  • 5 Bedrooms
  • 5.5 Baths
  • 5000 Sq Ft
  • 1.2 Acres

List Price: $949,900 JUST REDUCED! 

 

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Posted in News