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John Salkowski | The Greater Philadelphia Area Home Search Blog

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 appr ...

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Friday, January 29, 2021   /   by John Salkowski

Is Our Guaranteed Offer Program a Good Fit for You?

Here’s everything you need to know about our guaranteed offer program.
 

Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 



Here at the JRS Realty Group, we have an easier way to sell your home. You can get a guaranteed offer on your home in as little as seven days. A few weeks ago, we sent out an email regarding this topic, which you likely received. Our guaranteed offer program may not be for everyone, but for those who need it, it can be an ace-in-the-hole. Let’s review the pros and cons of our guaranteed offer so you can better gauge whether it fits your needs as a seller. 


Here are the pros: 

1. You can close very quickly—in many cases, in as little as a week. 
2. You get to pick the closing date.
3. You won’t be inconvenienced by showings or open houses. 
4. There’s no need for negotiations with buyers. 
5. You skip all the preparati ...

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Friday, January 15, 2021   /   by John Salkowski

Why Should You Sell Before You Buy?

Here’s why you should sell your home before buying a new one.
 

Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 



If you’re looking to sell your home and buy a new one, in which order should you do it? My advice: Sell before you buy.


One key reason I say that is that we’re in a competitive market. Listing inventory is way down and buyer demand is sky-high, meaning sellers usually see multiple offers on their homes. Put yourself in the seller’s shoes: When a seller is presented with multiple options, they’ll likely accept the offer with the fewest contingencies to reduce the risk of their sale falling through due to extraneous factors.

"Make sure the buyer is flexible with your closing date so that you can avoid having to temporarily rent a place between homes."



In preparation to go live on the market, get a pre-sale home inspection. That should include things ...

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Tuesday, December 1, 2020   /   by John Salkowski

Q: How Can Selling As Is Benefit You?

Here’s how selling as is can benefit you.
 

Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 



If you have a home to sell, selling it in as-is condition can actually benefit you. 

The biggest pro to selling as is: Your transaction will involve less stress, less hassle, and no repairs. When one of my clients sells a home as is, I always make sure that the “as is” verbiage is mentioned in the agreement of sale document. I want buyers in this situation to know that they’re buying as is—meaning you won’t repair anything or offer any concessions. The buyer can still schedule home inspections, but those inspections will be for informational purposes only. They can’t ask for any repairs or concessions based on them. 


If the property in question is an estate (i.e., you took it over for a deceased relative and have no knowledge of it) rather than the home ...

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Friday, November 6, 2020   /   by John Salkowski

Q: What 5 Factors Determine My List Price?

Here are the factors that we use most often to determine a home’s value.
 

Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 



There are five factors we look at when determining where to list a home for sale:


1. Condition. How does your home rate compare to other homes in the neighborhood? Is it outdated? Does it need major renovations? When were the windows, sidings, roof, and flooring last replaced?


2. How your home compares to others in the neighborhood. Do you have the same amount of bedrooms and bathrooms? What about the square footage?


3. Taxable assessment. Where does your property’s assessed value compare to others that have sold recently in the neighborhood? This figure is based on bedroom, bathroom, and square footage numbers. Every year, property values are assessed for their current value based on the standard system for determining annual property taxes. Once the pr ...

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John Salkowski
198 Allendale Road Suite 301
King of Prussia, PA 19406
610-709-5147
Michael Izzi
Regional Vice President
Surge Mortgage Advisors,
a Division of Bayshore Mortgage Funding LLC NMLS # 196858

Mobile: 610.724.2862
Phone: 610.296.9400
Fax: 610.465.9148
mizzi@surgema.com
600 Creekside Dr. (615) Pottstown PA 19464

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which {companyName} participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2021 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: February 27, 2021 6 AM.
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