Moving in Philadelphia>Question Details

Emmlynn, Other/Just Looking in Philadelphia, PA

Husband may be getting a job at the shipyard in Philadelphia.

Asked by Emmlynn, Philadelphia, PA Wed May 13, 2009

I have 3 children, ranging in ages 6-11. Would love to know of a good area to raise them, that would be reasonably close to the area my husband will be employed.

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9
It does appear someone let the cat out of the bag too soon.
1 vote Thank Flag Link Thu May 14, 2009
Hi Emmlyn,
South Philadelphia is where the shipyard is. Will you be looking for a 4 bedroom house? Do you require a garage? For how many cars?

Ther are a few other simple questions I would ask you that help me find the perfect house for you. Please feel free to call me on my cell: 215-990-0186. Rember, my service as a Realtor would be free for you . Broker's fees are paid by the Seller.

Best,

Carl Kabat, Realtor®, GCREP-GL (Green Certified Real Estate Professional)
The Dan Tobey Team
Coldwell Banker Preferred

A different kind of real estate company.®

The Curtis Center
601 Walnut Street
Suite L-44
Philadelphia, PA 19106
215.546.2700 Business
267.238.1054 Direct
215.990.0186 Cell
215.546.7728 Fax
click the link below to view all my listings
http://www.carlkabat.com
http://www.cbpref.com
ckabat@cbpref.com
Web Reference: http://www.carlkabat.com
0 votes Thank Flag Link Thu May 14, 2009
I think they let the cat out of the bag too soon but as soon as they work out how the buyers need to go about getting the money at the settlement table, it will be all over the news I hope.
0 votes Thank Flag Link Thu May 14, 2009
So the delay is the Lenders need to get the Details, wish they'd hurry up! But good to know buyers can buy confident that " They will be able to use the money by the time they settle. "

Thanks, Dunes
0 votes Thank Flag Link Thu May 14, 2009
Dunes,

Right now the lenders do not know the details. It was just changed on the 12th. When they become available, I will blog on it.

Right now, people can amend their taxes to use the tax credit if need be. There are income limits as well so it wouldn't be wise to tell first-time home buyers not to buy now. They will be able to use the money by the time they settle.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com
0 votes Thank Flag Link Thu May 14, 2009
Since it is a fact that you can count on using your Tax Credit for a Downpayment then you should begin calling lenders to arrange it/get feedback. If it is a fact that it will be implemented then you and many other First time buyers should probably wait and not buy until it is available. Imagine how another $8,000 towards the downpayment could impact your loan. (lower interest rates?) First Time Homebuyers may be served best by not buying until they get their lender to arrange this tax credit for downpayment .

Dunes
0 votes Thank Flag Link Thu May 14, 2009
Emmlynn,

I also wanted to let you know that I wrote an article about the most recent change to the $8000 first-time home buyer tax credit that has received a lot of media attention. You can check it out at http://exceptionmag.com/life/vocations/000953/using-8000-fir…

You can also search every home for sale in Philadelphia on my site at http://www.reneeporsia.com and just click search MLS. I think you may find that helpful.

Looking forward to hearing back from you.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com
0 votes Thank Flag Link Thu May 14, 2009
Hi, Emmlynn,

Your most convenient home options would be in South Philadelphia or Delaware County. These areas afford the easiest and fastest routes for your husband to get to work. If you want to be close, that would be my suggestion. Both areas offer great opportunities for yourselves and your children. If you would like to receive some community reports, you can go to http://www.carolworksforyou.com and click on Community Report. Put in some areas that interest you and you will receive some comparison reports.

If you are curious about home values in those areas, just choose "Market Snapshot" and you will get a complete report sent directly to you.

Good luck and let me know if I can help you further.
0 votes Thank Flag Link Thu May 14, 2009
Hello Emmlynn,

There are many great areas that you may be interested in in Philadelphia. But I have a few questions for you if you don't mind.

Are you looking for a single home, a condo, a twin? Do you want to be in the City or in a family development? Do you want to be able to walk to places or will you mind driving a bit?

Also, have you spoken with a lender as of yet? This is a very important question because there are so many new mortgage requirements and knowing how much home you can afford is in your best interest because that will play an important part in which area you will be looking in. If you haven't, this is your first step. It doesn't cost anything to you to get approved and it doesn't mean you must buy a home. You may be surprised to find out that you can afford less home or more home.

If you do not know a lender, you can ask your buyer agent if they have a name or two of reputable lenders.

That leads me to hiring a buyer agent. You should definitely hire your own buyer agent. If you do not know one, you can certainly find one here. By reading answers from Realtors, you can figure out which Realtor meets your needs. If you are not familiar with buyer agency, please feel free to read my blog at http://www.reneeporsia.com I think you will find a lot of what I write about helpful in your search. I also write about buyer agency. It is extremely important to hire an expert.

Are you a first-time home buyer? If so, you may qualify for the first-time home buyer tax credit or a portion of it. You may also be able to use it for your down payment.

Is your husband's job paying for your husband's relocation?

If you could provide answers to these questions, I could be more helpful to you.

If you would like, feel free to email me your answers or if you want, you can just answer them here.

Looking forward to hearing back from you.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office ask for Renee
http://www.reneeporsia.com
0 votes Thank Flag Link Thu May 14, 2009
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