Archive For The “Buying” Category

May The Fair Market Value Be With You in an Assessment Appeal!

May The Fair Market Value Be With You in an Assessment Appeal!

It seems like every day that we turn on the television or open a newspaper, we are confronted with the reality of an unpredictable real estate market. In this economic climate, every dollar counts! Many residential, industrial, and commercial properties are over assessed, resulting in unreasonably high tax bills. It’s not uncommon for homeowners to…

Mortgage Rates Return to Pre-Election Levels

Mortgage Rates Return to Pre-Election Levels

The average 30-year fixed rate mortgage dropped to 3.85% this week, according to Bankrate.com. A decrease of 8 basis points since this time last week, some lenders have encouraged borrowers to lock in their rates. The average 15-year fixed rate home loan dropped 6 basis to 3.07%, and the 5/1 Adjustable Rate Mortgage (ARM) also…

Three Walkable and Affordable Suburbs in Greater Philadelphia

Three Walkable and Affordable Suburbs in Greater Philadelphia

We love living in a walkable neighborhood, with plenty of shops, restaurants and trails just steps from our front door!  The only problem is that many of the quaint, walkable suburbs (think Media, Doylestown, or New Hope) can be pricey – so we’ve rounded up our three budget-friendly favorites: In addition to Ambler’s beautiful downtown area…

List of Open Houses Weekend of May 20th-21st

List of Open Houses Weekend of May 20th-21st

Memorial Day Weekend at the Jersey Shore

Memorial Day Weekend at the Jersey Shore

The unofficial start to summer is right around the corner, and we’re excited to kick off the season at the Jersey Shore! There’s always a lot to do on Memorial Day Weekend, and we’re excited for a number of fun festivals, shopping, and sinking our toes into the sand. Wildwood will be home to the…

Mortgage Rates Crawl Higher in May

Mortgage Rates Crawl Higher in May

The nation’s average mortgage rate is currently hovering just over 4 percent, according to government mortgage giant Freddie Mac.  Borrowers obtaining a 30-year fixed rate loan can expect to pay an average interest rate of 4.05% with an average 0.5 point.  Points are an upfront fee (paid on settlement day) in exchange for a lower…

Three Thoughtful Last Minute Mother’s Day Gift Ideas

Three Thoughtful Last Minute Mother’s Day Gift Ideas

Mother’s Day is right around the corner, but don’t worry if you haven’t yet picked up a gift for Mom – we have you covered with some thoughtful last minute gift ideas! 1. Mom loves flowers, right?  Right!  Consider surprising her on Sunday by spending a few hours sprucing up her flower beds with a…

EveryHome at the Shore – Gearing Up for the Season!

EveryHome at the Shore – Gearing Up for the Season!

May is a wonderful month at the South Jersey Shore. Time to open up the windows and let the sea breezes “drift” in. There are more pre-season options for dining and shopping as Mother’s Day weekend approaches. Seasonal beach tags are available for pick-up. The weather is great for bike riding, beach strolling, board walking…

EveryHome’s Open Houses the Weekend of May 6th

EveryHome’s Open Houses the Weekend of May 6th

It’s shaping up to be a beautiful weekend, and we’d love to show you around these beautiful homes in Greater Philadelphia.  There’s no need to RSVP if you wish to drop by during the times listed below, but please give us a call at (215) 699-5555 for a private tour!

Ask the Realtor: Is a Home Inspection Required?

Ask the Realtor: Is a Home Inspection Required?

While many buyers are eager to obtain a home inspection, we’re occasionally asked if it’s required.  This is especially true when buyers are purchasing new construction homes or properties that appear to be in great shape.  The short answer is that home inspections aren’t required (unless you’re receiving an FHA loan, in which a very…

How Much Cash@Closing Will You Receive?

How Much Cash@Closing Will You Receive?

Cash@Closing is essentially a rebate that we give to buyers on settlement day – just for using EveryHome! Underneath the price for each home on EveryHome.com, you’ll see the Cash@Closing amount. When you work with an EveryHome agent and use one of our network title agencies and lenders, you’ll receive this amount in the form…

Mortgage Rates Increase for the First Time in 5 Weeks

Mortgage Rates Increase for the First Time in 5 Weeks

The average mortgage rate inched higher this past week, reversing a 5-week trend of cheaper home loans.  Government-backed mortgage giant Freddie Mac reported that the average 30-year fixed home loan currently stands at 4.03%, up 6 basis points from last week’s average of 3.97%.  The average 15-year mortgage rate climbed 4 basis points to 3.27%….

Buying and Selling at the Same Time? Consider a Swing Loan

Buying and Selling at the Same Time? Consider a Swing Loan

The real estate market is hot in Greater Philadelphia, and competition is fierce among buyers in many suburban neighborhoods.  It’s especially tough for buyers who have a home to sell, as many sellers are less likely to accept offers with a home sale contingency.  However, there are options for these buyers, and one of them is…

Home Prices Rising at Fastest Pace in Three Years

Home Prices Rising at Fastest Pace in Three Years

Home prices across the nation climbed quicker than expected in the month of March, according to S&P/Case-Shiller National Home Price Index as reported to CNB.  The average home value rose at a 5.8% annualized rate last month, While the news comes as a welcome surprise to homeowners, industry experts warn that it could spell trouble for…

Understanding Your Good Faith Deposit

Understanding Your Good Faith Deposit

A good faith deposit is provided to the seller’s real estate agency and held in a non-interest bearing escrow account until settlement day.  The money is used to ensure “good faith” that the buyer does in fact wish to purchase the home.  Most buyers provide two good faith deposit checks prior to settlement day. The…

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