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Home Buying in Philadelphia : Real Estate Advice

  • All3K
  • Local Info305
  • Home Buying1K
  • Home Selling145
  • Market Conditions50

Activity 1,479
Tue Oct 11, 2016
Jake answered:
Understood, and you are correct I could have inspected and tried to wiggle out under normal circumstances but the buyer has the deposit at stake to lose.

Doesn't the seller have obligations to uphold the contract as well? The word that comes to mind is "damages" ... more
0 votes 2 answers Share Flag
Thu Sep 29, 2016
John Burke answered:
Hi 123shapes,

It depends. What were you doing before you started your current job? Where you working somewhere else or going to school?

How are you paid on your job? Are you paid w-2 or 1099? Is your income straight commission or hourly?

There are several things that come into play so we need to know more about your situation in order to accurately answer your question.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online:
NMLS# 787231
... more
0 votes 2 answers Share Flag
Wed Sep 28, 2016
Asmanaz79 answered:
what is the meaning of off market foreign portfolio investment means?
0 votes 8 answers Share Flag
Sat Sep 10, 2016
123shapess asked:
I also am currently living rent free at the midway point between my job and where I would like to live and have the option to continue to do so if I choose which would mean that i would…
0 votes 0 Answers Share Flag
Wed Aug 31, 2016
Baruch Weiner answered:
1 Second before the closing.

However, the seller's broker might require proof of funds before signing the contract.

Good luck!
0 votes 1 answer Share Flag
Wed Aug 24, 2016
Alan May answered:
No. It would not be smart. You did the smart thing. Unless, and until there IS a marriage certificate, the answer is a resounding "No!".

The fact that he's trying to bully you into "giving" him a 50% stake in your property is seriously concerning, and you need to decide if you want to keep a bully in your lifce. ... more
1 vote 3 answers Share Flag
Sat Aug 20, 2016
Sarah Franklin answered:
I am not a realtor but, I am married to an attorney in Philadelphia who recently had a case where a family (his client) paid a developer to build a home and, a year later that developer sold the home to someone else for more money. Now, his client did get their money back but that developer is still in business. And, yes, this happened in Philadelphia. Take what you want from that story. ... more
0 votes 16 answers Share Flag
Sat Aug 13, 2016
Lillytena answered:
Survey respondents broke down construction costs into 8 major construction stages. Interior finishes, at 29.6 percent, accounted for the largest share of construction costs, followed by framing (18.0 percent), exterior finishes (15.0 percent), major system rough-ins (13.1 percent), foundations (11.6 percent), final steps (6.8 percent), site work (5.6 percent), and other costs (0.5 percent). See - ... more
1 vote 11 answers Share Flag
Thu Aug 4, 2016
Ecdeluca asked:
We are relocating from out of state and are looking for highly competent folks for the inspection and construction. The homes we are interested are typically over 100 years and will need…
0 votes 0 Answers Share Flag
Fri Jul 29, 2016
jumbosource answered:
In most cases yes, over 417 is a Jumbo. There are financing options available up to 95% for buyers with good credit.

Jumbo Mortgage Source
Specializing in 95% Jumbo loans
Serving home buyers in all 50 states ... more
0 votes 12 answers Share Flag
Thu Jul 28, 2016
Desiree asked:
Tue Jul 26, 2016
Joe Borelli answered:
In order to fund a 203Krehab loan, a lender needs to be approved by FHA to originate under its various home loan insurance programs. You can access the link below for the latest, updated list of FHA lenders who have funded at least one 203K loan in the past year.
... more
1 vote 13 answers Share Flag
Mon Jul 25, 2016
Jose asked:
hello, i wanted to know if you knew if levittown, pa is a safe and gay friendly area"? not like we be holding hands or pda we are not like that, want to be somewhere safe and the houses…
0 votes 0 Answers Share Flag
Sun Jul 10, 2016
Desiree asked:
Is there and grants for purchasing a bank owed property.
0 votes 0 Answers Share Flag
Thu Jun 23, 2016
Bernis Parker answered:

1 vote 25 answers Share Flag
Thu Jun 23, 2016
Sally Grenier answered:
Once you have at least 20% equity in your home, you can go back to your lender and see if they can drop it, or you can refi with another lender.
0 votes 1 answer Share Flag
Thu Jun 2, 2016
Farrah Robinson answered:
CityLift Program is back in Philadelphia. However the process seems to be very slow.
0 votes 2 answers Share Flag
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