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house: Are Buyers Starting to Re-Emerge? - 09/23/10 12:00 PM
The summer of 2010 will be remembered by folks in the real estate business as a long vacation from serious, qualified buyers. Since the tax-credit deadline of April 30th, the number of active buyers in my market, Philadelphia, has been very slim, and I've heard similar stories from people in other parts of the country. This has been great for the few serious buyers who were looking this summer - they were able to negotiate great deals in a once-in-a-lifetime buyers' market. On the other hand, sellers have been having a very tough go of it the last few months with … (2 comments)
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house: States Picking Up Where Federal Tax Credit Left Off - 05/17/10 03:13 PM
With the expiration of the $8,000 federal tax credit for first time (and some repeat) homebuyers, a few states are trying to enact similar programs on the state level to continue boosting their local real estate markets. First California set aside $200 million for first-time and repeat homebuyer tax credits. I thought California was broke, but I guess if the measure gets the housing industry back on track it could go a long way in stimulating the Golden State's economy.
Now New Jersey is considering a tax credit of up to $15,000 for homebuyers who buy in 2010. With a total … (2 comments)
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house: Video Tour of 151 W. Seymour St., Philadelphia, PA - 05/04/10 11:12 AM
Click here to see a video tour of my listing at 151 W. Seymour St. It's a great house for a first-time buyer who needs a lot of space or for a large family looking for a low-maintenance, beautifully renovated home in Germantown.
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house: New Listing - Open House Saturday 1:00-3:00pm & Sunday 2:30-5:00pm - 04/15/10 04:51 PM
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house: Nationwide Open House Weekend - Get 'Em Listed Now! - 03/17/10 03:28 PM
The National Association of Realtors has deemed April 10th & 11th "Nationwide Open House Weekend." This is a great idea to generate buzz among buyers and sellers going into the spring selling season, and if you're thinking of buying soon you should mark your calendar and plan to get out and see a few open houses that weekend.
If you're thinking of selling this year, getting your property on the market before the April 10th weekend is very important. It's always important for sellers to have their property in tip-top shape and ready to sell as spring rolls in and the … (0 comments)
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house: $1500 To Sellers in A Short Sale - Take it While you Can! - 03/08/10 04:30 PM
The Obama administration has sweetened the pot for home-sellers who owe more on their mortgage that the property can sell for (article here). With the new program, taking effect April 5th, a seller who completes a short sale will receive $1,500 in 'relocation assistance' to incentivize them to get the deal done quickly and move on. The government will also give cash incentives to banks and loan servicers to encourage them to work through the backlog of underwater properties currently on the market. Short sales benefit sellers because they are less harmful to their credit score than a foreclosure. They also … (5 comments)
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house: Philly Tax Abatement Happenings - 02/24/10 04:53 PM
Most of the political buzz that you hear around Philadelphia's 10 year tax abatement program calls for it to be scaled back or ended altogether. The program, which locks property taxes at their pre-construction/renovation levels for 10 years for residential properties that are newly-built or substantially renovated, has spurred development in many parts of the city, but is widely considered to have been less affected in some of Philly's poorer neighborhoods.
Now councilman Frank DiCicco is introducing a plan to increase the tax abatement to 15 years in those certain poorer neighborhoods in hopes that five additional years of low taxes … (0 comments)
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house: Learn About Philadelphia Closing Costs and Procedures - 01/11/10 10:32 AM
If you're thinking of buying or selling real estate in Philadelphia it's very important to understand the closing process and all the moving parts and closing costs associated with completing a real estate transaction. This video should answer many of the most common questions, but feel free to contact me if there's something we missed.
Part 1:
Part 2:
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James Yoakum, SFR
Philadelphia,
PA
More about me…
Brown McKinney Real Estate Company
Address: 1733 Spring Garden Street, Philadelphia, PA, 19130
Office Phone: (215) 825-2250 x 1002
Cell Phone: (267) 496-7739
Email Me
Observations from my work in the wide world of real estate with a frequent focus on the Philadelphia market.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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