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Scott Maritzer's Blog

By Scott Maritzer | Agent in 19019

First Time Home Buyers 101


Are you still living with your parents, are you renting an apartment, are you afraid to make a huge purchase?  In either event you are either saving your money wisely, testing the neighborhood first, testing the relationships or just too busy to do your research.  That's why its best to talk to a Realtor.  Lots of us started off as a normal buyer just like you, then we enjoyed the experience so much we decided to do it for a living.  In short talk to a Realtor and they can help you with the entire process.

Todays housing market is really ideal for first time home buyers, especially near Philadelphia and the various neighborhoods we have here.  Philadelphia is a steal compared to housing options in cities like New York, Washington D.C., Boston.

Crazy Ideas.
1) Talk to your friends and family.  If you can't buy a house yourself, co-own one with a friend or a family member.  Its a smart investment and allot of people look at housing as an investment opportunity.  For some people its part of their retirement planning.  For others it is part of their cash flow, aka rentals.  You can buy the house and rent out a room or two to your friends.
2) Talk to a mortgage guy because the rates are low, you might pay less to own that house then to rent it.
3) Talk to your accountant.  Owning a home has some great tax benefits, from writing off the interest to energy saving improvements.
4) Talk to other homeowners.  Ask lots of questions and understand the pros/cons of home ownership.  Make a list and see if you have more pros than cons.
5) Talk to an agent.

Check out www.realtor.com for lots of great articles and ideas.

Thank you,
Scott Maritzer
The S i v e l G R O U P
Prudential Fox & Roach Realtors
Cell: 267-240-1911

Comments

By Ray Delao,  Fri Jun 10 2011, 04:54
I like your thinking! Good Luck!
By Mary Beth Hurtado,  Fri Jun 10 2011, 06:24
I hope Gen Y is listening!
By Mary Beth Hurtado,  Fri Jun 10 2011, 06:25
We hope Gen Y is listening!
By Larry Lichtman,  Fri Jun 10 2011, 13:53
Good thoughts here Scott. It is actually a great time to buy residential properties in Philadelphia. There are many beautiful homes available at quite less than their 2005/2006 sale price. Let's hope those Renters take advantage of the market conditions. Have a great weekend.

All the best,
Larry Lichtman
REALTOR, Property Manager
Cell/Text: (267) 254-7994
LarrySellsRealEstate@gmail.com

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