Tips for buying a condo in Philly

an image of a areal view of Philadelphia which shows why buying a condo in Pilly is a good idea.

So you have decided to buy a condo in Philadelphia. You want to look at the Liberty Bell and enjoy a Philly cheesesteak whenever you feel like it. But purchasing a condominium is a difficult task, and it can bring on a lot of stress. This is because a condo is a hefty investment, so you have to think about it very carefully. To help you make the right choices and make the buying process simpler, we have tips for buying a condo in Philly. After reading this article, you will be able to start looking for an apartment and, at the end of the whole ordeal, have a stress-free relocation into your new place.

1. Establish what type of condo you want in Philadelphia

Before you start looking for a condo to purchase, you must decide what you want. If you are not buying a condo by yourself, talk to your partner about your needs.

an image of a man sitting in a chair
The first of six tips for buying a condo in Philly is to think about what you need

One of the tips for buying a condo in Philly is to talk about what size condo you want

  • The number of bedrooms
  • How many bathrooms
  • The size of the kitchen
  • Talk about the size of the living area
  • Do you want a lot of lights in your condo
  • Do you need it close to the city center

In conclusion, defining your needs will make your buying process less complicated. You will be able to communicate your needs to the real estate agent, who will know what to look for.

2. Start researching the price before buying a condo in Philly is to

After you have defined what type of condominium you want, it’s time to look at the prices so you have a general feel of the real estate market. To look up the cost of condos in Philly, you can use many real estate sites that specialize in it. The sites will have options for you to search for a place that exactly matches your needs. You will find a condo that is the best for you and finally buy it. When you need to reach your new place trouble-free, hire reliable long-distance movers to help with your move. Local Philadelphia movers will make your relocation brisk and with no hiccups.

3. Go over your budget

Everybody wants big condos, but not all of us can afford them. To make sure you are not buying a place that you can not afford, follow our third of six tips for buying a condo in Philly. No matter if you are buying alone or with someone looking over your budget is crucial. What does that entail? Well, you see how much do you make a year. This will also be important when getting a mortgage. See if your salary is consistent because you will need to make monthly mortgage payments. All in all, your salary will determent what you can get and if you will be able to pay it off. So, if you want to avoid moving anxiety, define your budget.

an image of 100$ bills
Don’t break the bank when buying a condo in Philly

4. Fourth of the six tips for buying a condo in Philly is to hire an experienced real estate agent

A reliable real estate agent will make help you with every aspect of buying a condo. In addition, they will save you money. The first thing you should do before hiring a realtor is asking if your friends have any recommendations. If this is not possible, it’s time to do the work.

Start by looking for Philadelphia realtors online. Visit their web page and social media page. See how many years of experience do they have. Read the reviews that other customers left on their page. Choose at least three realtors and interview them.

When you have chosen the right guy for you. Communicate what kind of condo you want to buy. A good realtor will find the best place for you. They will be able to bargain for you because they know the market very well. They will save you money in the long term. The Realtor fee is usually 5 to 6% of the home’s seller’s price. When a good realtor has found a good home for you, hire to help you move in completely stress-free.

5. Hire a real estate attorney

In addition to a realtor, you will need to hire a real estate lawyer. This is an essential tip for buying a condo in Philly. Don’t think that you can employ only one of them. You will need both because they provide different services. A realtor helps you with finding a house while an attorney goes over contracts.

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A good real estate lawyer will prevent you from getting scammed

Look for a reputable attorney who specializes in real estate. If you already have a lawyer, you can ask them if they know anything about real estate. However, if they do not, you should defiantly hire an attorney who does. You can see if your friends have a recommendation. Use online review sites that can help you find an experienced lawyer in your area. When you have decided on a real estate attorney, ask them how they charge. Do they bill you by the hour, or do they have a flat fee for certain services.

6. The last on our list of tips for buying a condo in Philly is to get pre-approved for a mortgage

Getting pre-approved will help you with buying a condo because it will make you look more serious to the sellers. This is because getting pre-approved is a process that needs a lot of documentation. In addition, if you ever getting in a bidding war, you will have the upper over the one who is not pre-approved for a mortgage.

The end

We have come to the end of our article on tips for buying a condo in Philly. If you follow these tips, you will have success with buying a condo. When the move is over, you will have many things to do.

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