As a Philadelphia real estate lawyer with more than 25 years experience, I’ve helped many families navigate the contracts, title issues and mortgage documents that accompany a for-sale-by-owner purchase or sale. The first quarter of home sales in Philadelphia saw an uptick in sales, which is a strong indicator of consumer confidence. It’s also a time for those who are considering purchasing a home to start looking before prices jump higher.
Home sales and prices in the Philadelphia metro continue to rise, which is a great sign for buyer and sellers alike. The number of single-family home sales increased by an average of 2.3 percent this quarter. If you look at the same time period and compare it with last year, the Philadelphia housing market is up 5.6 percent. Furthermore home prices were up 12.5% over the same quarter one year ago. If you’re looking to sell your home by yourself, that statistic should fuel your fire that there are buyers are out there willing to pay more. There were 2923 properties on the market that ended the quarter with “sold” signs in the front yard. Those numbers show that the market here is steadily rising, and should continue to see improvement during the busy summer buying season.
As a Philadelphia real estate lawyer, I know how to protect the legal interests of people who are looking to buy or sell their home. While you may be able to find a for-sale-by-owner kit and you think it can save you a lot of money in real estate commissions, are forms printed off the Internet really the best way to go in the long run? It may seem like a quick and easy way to sell your home, but you need to make sure you have a legally sound transaction. When you’re making such a large investment, you want to be sure you don’t make a mistake that could cost you just because you were trying to save a few dollars.
As a real estate attorney, I can help answer the many questions you might have and assure that the transaction you are entering is handled properly so that your interests are fully protected. Whether you are taking the big leap of buying a home or you’re considering trying to sell your home yourself, you need a trusted Philadelphia real estate lawyer on your team.