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Home Buying in Kensington : Real Estate Advice

  • All53
  • Local Info10
  • Home Buying19
  • Home Selling4
  • Market Conditions4

Activity 15
Thu Apr 27, 2017
Patsend42 answered:
Trying to understand buyers assist it seems to be all in the buyers advantage. they offer a lower price and still want you to help pay . what is this
0 votes 15 answers Share Flag
Sat Feb 25, 2017
Nqsteve asked:
Thu Feb 18, 2016
Renee Georgi answered:
Commission is calculated on the purchase price of the home UNLESS the Listing Agent makes it very clear that Commission is to be calculated on the NET amount. If an Agent forgets to stipulate this and later asks the Buyer's Agent to honor this, it is up to the Buyer's Agent to make that decision. My personal opinion is that if you as a Listing Agent FORGET to put something in writing, then YOU personally should eat the difference, NOT your Seller. ... more
0 votes 7 answers Share Flag
Tue Aug 11, 2015
Stuart Udis answered:
A seller of assist of $4,800 on an $80,000 purchase is 6%, which is permitted. Seller concessions such as a seller assist is common and should not necessarily deter a seller from accepting an offer. To strengthen your offer, you will want to make sure the rest of your agreement and terms are sound (tighten the contingencies (if possible), provide a pre-approval letter from a lender, and provide a completed BFI). Many times, these items are the difference between getting an offer accepted or rejected. My law firm specializes in residential real estate transactions. I offer a free consultation to buyers or sellers. I would be happy to assist further. ... more
0 votes 1 answer Share Flag
Thu Dec 12, 2013
Ed Fallon, MBA answered:
Credit inquiries do not affect your score by 10 points on average. Please click on the link for the website to read more on inquiries. It may have no or little affect. New Credit only constitutes about 10% of the total credit score, and inquiries are a subcategory of that. If you are worried about your credit or would like to talk more, please contact me through my profile page. Thanks. ... more
0 votes 5 answers Share Flag
Wed Jun 19, 2013
Francine Banks answered:
That's a common question from someone that sounds frustrated. All you need is a trustworthy source to advise and guide you to zero in on a pragmatic solution. I maybe able to help.

Francine Banks
Mega Realty
... more
0 votes 8 answers Share Flag
Wed Jun 19, 2013
Francine Banks answered:
The value depends on the location, location, location. Kesington's values vary exponentially. The entire city of Philadelphia is more block by block. I know because I was born and raised here. As a Matter of fact, I attend Conwell Magent as a child. Generally speaking, The area closer to North Philadelphia demands a less value than the areas closer to Fishtown or the I95 corridor. Please, don't hesitate to communicate any further questions or concerns.

Francine Banks
Mega Realty
... more
0 votes 2 answers Share Flag
Sun Mar 17, 2013
Vincent Leonardo answered:
do you mean a dollar deed?
0 votes 4 answers Share Flag
Sun Mar 17, 2013
Russ Ravary answered:
You should talk to your CPA or tax preparer for that answer. it would be out of our area of expertise
0 votes 4 answers Share Flag
Sun Mar 17, 2013
Russ Ravary answered:
If you have already seen the house with the listing agent if you hired a buyers agent at this point they may not get paid. So now that you have done it stick with the listing agent. Just ask him if he is going to represent you too or just the seller. If he is just represent the seller then it may be wise to get a buyers agent. ... more
0 votes 6 answers Share Flag
Sun Mar 17, 2013
Russ Ravary answered:
In certain communities their may be local programs that help you with down payment money that is why it is sometimes good to go with a local lender.
0 votes 4 answers Share Flag
Mon Jun 1, 2009
Renee Porsia answered:
Hello Mukesh,

My best advice to you is to hire a buyer agent. That agent can be a broker or a Realtor. If you don't know what the difference is between a Broker or a Realtor allow me to explain. A Realtor is someone who is licensed for no particular amount of time and is a member of a board of Realtors and has made a promise to adhere to the ethic laws.

A Broker is someone who was a Realtor and then decided that they wanted more education and took all of the classes required of them, had the necessary amount of years as a Realtor, the necessary amount of listing transactions as well as buyer transactions and then took the State tests and passed and then applied for their Broker license.

I am an Associate Broker.

A Broker can also be the Broker of Record in a real estate office. There can only be one Broker of Record so if there are more than one Broker in the same office who are not the Broker of Record, all the others are called Associate Brokers.

You should find yourself a buyer agent (again can be a Realtor or Broker) who you feel will be best for you. What is important to you? Do you want an agent who has a sense of humor or passive or aggressive?

You need to talk with a few or email a few or sit down with a few and see who will represent your interests to the best of their ability no matter what. Someone who will put your interests before their own.

Most important is that you do hire a buyer agent before you go look at properties. Learn your rights as a consumer from the buyer agent and about the process and then trust in your Realtor.

If you would like to talk with me further about your situation, feel free to email me.

Renee Porsia
Associate Broker
(215) 669-0589 Direct
(215) 358-1100 Office Ask For Renee
... more
1 vote 2 answers Share Flag
Wed Apr 15, 2009
Donna Bond answered:
If you are buying a home in Philadelphia there is an L&I certification - not a U&O. The cost is $100. or $103., if you order online using a credit card. In the vast majority of cases, the L&I department checks it's records. If there are no violations, which usually originate from a complaint filed by a neighbor, they issue a certification of no violations found. It is unlikely that any inspector will go out to the property.

Donna Bond
Weichert Realtors
215-628-8300 ext. 148
... more
0 votes 4 answers Share Flag
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