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John Salkowski | The Greater Philadelphia Area Home Search Blog

Thursday, September 2, 2021   /   by John Salkowski

What To Do If You’re Missing Mortgage Payments

If you’re behind on payments, we can help you avoid foreclosure.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

If you find yourself falling behind on mortgage payments, you still have options. If you have been negatively affected by COVID-19, losing your job, or even working from home, and you’re unable to keep up with mortgage payments, there are ways you can help fix the situation.
You need to reach out to me as soon as possible if you’re falling behind on payments. If you wait too long, the mortgage can start pre-foreclosure proceedings, and you don’t want that. 

"You need to reach out to us so we can discuss this with your bank."


When you call me, we can discuss how far behind you are and why; what hardship have you had? We can take this information to your bank, mortgage company, or lender and let them know that you are having financial hardship. This puts them on notice and ...

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  philadelphia home sellers

Friday, August 20, 2021   /   by John Salkowski

Why Is Financial Stability Important?

Here’s why I preach financial stability to my homebuyer clients.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

Financial stability is something that every homebuyer should have on their mind. The most important thing you can do before starting your search is to get a pre-approval from a reputable mortgage lender or mortgage banker. We can connect you with one of our trusted mortgage advisors to get the ball rolling. The pre-approval helps determine what you can afford and what your monthly mortgage payment will look like.
Another tenant of financial stability is knowing your monthly budget. What’s coming in, and what’s going out? If you’re on top of this, you won’t be house-poor when you purchase your next home. 
"A home takes money to operate, and things will go wrong eventually."


I believe that having cash reserves is also very important. At the same time, you have to be dis ...

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  philadelphia homebuyers

Tuesday, August 10, 2021   /   by John Salkowski

Should You Waive the Home Inspection?

Here’s my team’s process for handling a multiple-offer situation.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

In our current, red-hot market, many buyers are waiving their home inspections when they write offers on homes. Is that a good idea?
Back in December, I purchased a building as is, so I didn’t have a home inspection done. However, I did walk through the property numerous times before I decided to write an offer. Keep in mind that I have a trained eye for doing this over the last 15 years, so I was confident in buying this property as is. 
"Waiving your inspection signals to the seller that you’re willing to assume all risk."


If you’re looking for properties and feel you need to waive inspections, ask yourself if you’ve trained enough to walk through a property and spot the major details. This way, you can feel confident that everything will be okay if you write ...

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  philadelphia homebuyers

Monday, July 26, 2021   /   by John Salkowski

How JRS Realty Handles a Multiple-Offer Situation

Here’s my team’s process for handling a multiple-offer situation.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

Everyone knows that today’s market is white-hot. The market has shown some signs of stabilizing, but it is still common for sellers to find themselves in a multiple-offer situation. What do you do if you’re receiving multiple offers? Today, I’ll break down our process for handling a multiple-offer situation.
Recently, we received five offers on one of our listings. This can be an overwhelming situation, so it is important to have a plan in place. The first thing we did was create a spreadsheet that listed our offers’ benefits, highlights, terms, and price. Afterward, we emailed our spreadsheet to the seller and discussed the pros and cons of each offer.
I’m sure you can imagine the confusion that comes with a multiple-offer situation. That’s why I highly reco ...

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  philadelphia home sellers

Monday, July 12, 2021   /   by John Salkowski

6 Signs It’s Time to Downsize

Here’s when you know it’s time to downsize.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here.

Here are the top six signs it may be time for you to downsize:
 
1. Retirement. Are you planning on retiring soon? If so, it may be a good time to consider selling your property and downsizing into something more manageable.
 
2. You have too much house. In other words, you don’t live in the entire property anymore—you only live in a few rooms and the rest stay unused while you keep their doors shut to keep the heat or air conditioning out.
 
3. There’s too much upkeep. Does it take a lot of time and resources to maintain your property? At that point, you’ll know it’s time to downsize. 
"If your home is paid off and, more importantly, well-maintained and updated, now’s the time to downsize."


4. You’re worried about maintenance issues. Downsizi ...

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  philadelphia home sellers, philadelphia homebuyers

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