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John Salkowski | The Greater Philadelphia Area Home Search Blog

Friday, May 7, 2021   /   by John Salkowski

What to Consider Before You Sell Without an Agent

Selling without a Realtor is an option, but should you do it?
 
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Since we’ve been in such a hot seller’s market, we’re getting a lot of questions about the pros and cons of selling a home off the market. We’re actually helping one of our past clients sell their home to a friend of theirs, so I can share with you the same things I told them. I gave them a list price of around $450,000, but they ended up negotiating their own deal with their friend. The price ended up at $420,000.

I asked them why they did that without even trying the market to see what buyers were willing to pay. Keep in mind that we’re in a market where buyers are willing to pay more than $40,000 above a home’s appraised value (appraised value is different from market price). 
"We’re in a market where buyers are willing to pay more than $40,000 a ...

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Thursday, April 22, 2021   /   by John Salkowski

A Discount Brokerage Is Not Worth the Savings

I’m discussing why using a discount brokerage or Realtor is not worth it.
 
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Today we're going to discuss why using a discount brokerage or Realtor is not worth the savings they promise. As everyone is aware, the market is still red-hot for sellers. Some people think that they can just slap their home on the market by taking photos from their phone without any preparation at all, and buyers are going to line up and provide multiple offers for their home. That’s just not true.

I had a listing appointment with someone in our database that I’ve been staying in touch with for several years, and they are planning on selling and relocating out of the area to a different state. They’re interviewing several other agents, and as always, I request to be the last in, and here's why: When I go on a listing appointment, it is truly a consultation on ...

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Friday, March 26, 2021   /   by John Salkowski

7 Ways to Prepare Your Home for Spring

Every homeowner should inspect these seven areas when spring arrives.
 
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Spring is upon us, and now’s the perfect time to make sure your home is prepared and properly maintained for the rest of the season. Here are the top seven things you should look at to ensure your home remains in tip-top shape throughout the spring:

1. Inspect your gutters and downspouts: I always recommend that you have a professional take care of your gutters, but you can always do so if you feel comfortable. Otherwise, contact us to learn about our recommendations for gutter work. Regardless, checking your gutters is important after a hard winter. The heavy snow can damage gutters and cause leakage, so make sure they’re ready for the looming spring downpours.

2. Inspect the roof: Have a professional get up there and take a look at your shingles; if you have a flat roof ...

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Tuesday, March 9, 2021   /   by John Salkowski

Don’t Buy Without First Asking Your Agent These 5 Questions

Here are five questions a buyer must always ask their agent.
 
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

As a buyer, when you’re working with a real estate professional, there are five questions you need to ask them before making a purchase:
1. How long has the home been on the market? When you’re out looking for homes and find one you’re interested in, ask your agent how long it’s been on the market. They can obviously then go into the MLS and look up its history. Just because a property is active doesn’t mean it doesn’t have a history. The property could’ve been listed five times in the past and expired each time, so look up its history to see where the price started and where it’s at now. 
2. What are comparable homes selling for? Before you write an offer, check and see what like homes are selling for. This market has been historic as far as bid ...

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Friday, February 12, 2021   /   by John Salkowski

What If My Appraisal Doesn’t Match the Contract Price?

Low appraisals are a product of our wild market; here’s how we handle them.
 
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Many buyers and sellers alike have been asking me the same question lately: “What if the appraisal doesn’t match my contract price?” This is an appropriate concern because the offers we’re receiving on our listings and submitting for our buyers are for $10,000, $20,000, and even $30,000 above asking price. Price escalation has become the reality of this current market, and as a consequence, we’re seeing more appraisal issues. 

The challenge is to convince appraisers that these high contract prices are at value, and many are under-appraising properties—especially those that are in areas they’re unfamiliar with. Thankfully, we have options in the event of a low appraisal. 

"The best way to deal with a low appraisal is to ta ...

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