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Philadelphia Home Sellers | THE JRS REALTY GROUP Blog

Wednesday, November 24, 2021   /   by John Salkowski

Stay Away From iBuyers

Here’s why you shouldn’t sell your home to an iBuyer company.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

It’s not in your best interest to use an iBuyer company to sell your house. The reason I wanted to cover this topic today is that recently, Zillow ended their home-buying program because they’ve been losing millions of dollars. That’s because iBuyer companies use outdated algorithms that gather data to find the price of a home. Some iBuyer companies include: Zillow Offers, Opendoor, Offerpad, RedfinNow, etc.
Most sellers think that iBuyer companies are saving them money, when in fact, they’re not. iBuyer companies charge five to six percent to purchase your property. They appeal to some sellers because they say they can close within seven to 90 days (or when you want to), there’s no preparation or work, no due diligence, and you don’t have to show your home multipl ...

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  philadelphia home sellers

Tuesday, November 16, 2021   /   by John Salkowski

Thanksgiving Pie Giveaway

Happy Thanksgiving and a reminder about the pie giveaway day.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

From everyone at the JRS Realty Group, we want to wish you a Happy Thanksgiving. We also want to remind you to RSVP to the postcards we sent out about our pie giveaway. Please RSVP by November 22. Keep in mind that pickup dates for your pie are November 23 from 11 a.m. to 3 p.m. and November 24th from 8 a.m. to 1 p.m.
If you have any questions, please reach out to us. We look forward to hearing from you and seeing you on pie giveaway day. ...

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  philadelphia home sellers, philadelphia homebuyers

Tuesday, October 26, 2021   /   by John Salkowski

Timing the Market Is Impossible

Here’s why you shouldn’t worry about timing the real estate market.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

Trying to time the real estate market is impossible. I begin with that statement because I constantly get asked when the best time is to buy or sell a property.

The market changes every single day. It’s like a roller coaster; you have highs, lows, and flatliners. By flatliners, I mean that there are no changes in the market; however, the market still changes daily. 

"The market changes every single day."


Historically, there are times of the year when the market is busier, such as springtime. There are also slower times of the year for real estate, such as around the holidays. However, we still have serious buyers and sellers around this slower holiday season. When the market is slow, prices increase, but when there’s more competition (such as in the spring), prices f ...

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  philadelphia home sellers

Monday, October 11, 2021   /   by John Salkowski

Don’t Make Any of These 6 Real Estate Mistakes

                                                                                         

There are 6 real estate mistakes that you need to watch out for:
1. Overpricing your home. Even though we are in a red-hot seller’s market, you can’t just pick a number out of the sky for the price. The price depends on the condition, location, and more.
2. Submitting lowball offers. Even in a slow market, we still don’t recommend this, but it’s even worse in this crazy market. If you don’t want to lose the home, we always recommend putting your best foot forward first.
3. Waiving home inspections. We don’t recommend this unless the client is 100% sure that they have a trained eye themselves. Once you settle on a property, you&rsq ...

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  philadelphia home sellers, philadelphia homebuyers

Friday, September 24, 2021   /   by John Salkowski

What Happens If a Property Doesn’t Appraise?

Here’s what happens if the appraisal is lower than the contract price.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

What if your property doesn’t appraise at contract price? In this red-hot seller’s market, we always negotiate upfront with the buyer and the buyer’s agent about how much they’re willing to pay above appraised value. We’re seeing appraisals come in at a lot less than the contract price.
For example, if the contract price is $300,000 and the appraisal comes in at $280,000, there is a $20,000 disparity. We need to know how to handle this.
If the buyer is not willing to submit an addendum clarifying this, then renegotiation starts. Generally, the buyer comes up a bit, and the seller comes down a bit to meet in the middle. If they can’t agree, the deal is terminated, and we move on to the next buyer.
If you have questions about how we handle low appraisals or anyth ...

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  philadelphia home sellers

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