5 Tips To A Better 2010.
Is it a good time to buy, sell, rent or invest in a Philadelphia home?
Just Call The Somers Team (215) 400-2620 RE/MAX Access
In preparation for the ultimate question, "Is 2010 going to be a good time to buy, sell, rent, or invest in Philadelphia ?", we have compiled 5 Tips to a better 2010 that does more than just simply answer the question, it provides you, the consumer, an opportunity to be part of a solution that will change you and the world around you. To gather the information we needed, we traveled to "the big apple"! That's right folks, NYC, for a conference to get a little insight, and dare I say "5 Predictions of the Future of the 2010 Housing Market".
NYC is absolutely the city that does not sleep!
5 Tips To A Better 2010
It is a great time to enter the housing market if you can do so with confidence. If you might Buy, Sell, Rent, or Invest in a Home in Philadelphia, these tips will contribute to your knowledge, financial health, and the state of the Philadelphia Housing Market.
1) GO LOCAL ! Support your local businesses because you will benefit from their success. The salvation of the economy and the strength of the housing market is on the backs of your local entrepreneurs ! Where business thrives so do jobs and it is a fact that the most telling indicator of the health of the housing market is JOBS. Jobs drive the market. We LOVE this message !
2) Put Equity Back Into Your Home ! Negative Equity. It is like a curse word and it is one of the largest problems for Philadelphia and all over the United States with no immediate solution for 2010. One not so fun and exciting but simple suggestion for homeowners who are thinking of selling but owe more than the property is worth is to focus on putting equity back into your home.
3) CONSUME LESS ! "Just Say No !" Stop living like it was 1999 and tighten your belt. The interest rates will go up and if you are planning on buying in the future, you will need to have some savings. The days of 100% financing and stated income are so 2007. Pay your bills, your taxes, and when you want to buy a home you will get a great deal.
4) SAVE MORE !I alluded to it in #3. Just do it ! Investors, if you have cash you will reap the rewards in this housing market. Buyers that save will be resilient with substantial down payments. You gotta love that !
5) BE MORE LIKE YOUR GRAND PARENTS, but please do not dress like them ! Think RETRO. Look to the “old days” and the” old ways” and integrate those simple life-style concepts into this extremely New World in which we live. Those that can master and balance the art of fiscal moderation (not deprivation) in this consumption obsessed world will be the winner.
Living and working as Realtors in the Philly Neighborhood, we are always being asked if is is a good time to buy, sell, rent, or invest in a home in Philadelphia. And we do not take that question lightly. Our answer is formulated from personal experience as residents and Realtors in our great city of Philadelphia, and we glean a lot of information from the industry experts and their view of the bigger picture across the US and abroad.
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