Rentals in Philadelphia>Question Details

Renter, Renter in Philadelphia, PA

Looking for a 2 bedroom townhouse or condo in the Philadelphia area or any of the surrounding counties/cities for less than $900 per month. Advice?

Asked by Renter, Philadelphia, PA Fri Jun 3, 2011

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4
It's possible but we should look at your monthly income / expenses first. Just to give us a ball park to see where we are. Did you attend counseling for PHFA and OHCD grants yet? This can help with down payment and closing costs. Hope this help. Take care
0 votes Thank Flag Link Fri Jun 3, 2011
Hi,

Were you looking to own or lease? That could determine your purchasing power. Privately owned property is slightly inflated right now because of a increased demand. If you are purchasing, you need to determine if you are going toget a conventional loan or an FHA loan. Alot of condos are not FHA approved, there is a website that you can check for FHA approved condos if that is the road you would like to take.

I normally provide my buyers with a list a questions to get answered prior to making any comittments to a condo, homeowner association fees can vary greatly. You also want to know about the "common areas" and how they can affect you as a tenant/buyer as well.

If I could answer any more questions about purchasing condos in Philly or in general feel free to contact me via email at angelaweber@kw.com or 610-792-5900.


Best Regards,

Angela Weber
Keller Williams Realty Group
Web Reference: http://www.angeladweber.com
0 votes Thank Flag Link Fri Jun 3, 2011
You can purchase a home for about $150 - $175k and stay with in your budget. Why rent when you can buy? If gives you a greater tax deduction at the end of the year and you will own your own home! There are programs out there for all types of credit scores again. If you would like to be pre qualified, call or email me any time!

Paul Deibler
Community Banker
Home Savings of America
443-343-0400 ext 150
Pdeibler@MyHsoa.com
Web Reference: http://www.My-Hsoa.com
0 votes Thank Flag Link Fri Jun 3, 2011
Hi, Renter.

Just so you know, your request is possible but it's rather broad. Your best bet is to first understand what area(s) you like, then find a rental that works within your budget.

Please let me know what else I can do to help.

Thanks,
Tim

Timothy M. Garrity | Brown McKinney Real Estate, Co.
Real Estate Professional & Consultant
http://www.phillyurbanliving.com

tgarrity@brownmckinney.com Email| http://www.brownmckinney.com/tim Website
215-825-2250 x 1007 Office | 267-879-2716 Mobile | 267-318-7004 Fax
0 votes Thank Flag Link Fri Jun 3, 2011
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