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The Greater Philadelphia Area Home Search Blog

Monday, February 10, 2020   /   by John Salkowski

How Do iBuyers Work?

You’ve probably heard the term ‘iBuyer’ before, but do you know what an iBuyer is or how they work? Find out today.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Companies like Opendoor, Offerpad, and Zillow Offers are playing a numbers game. Let me explain.

They’re sending out hundreds of thousands of emails, texts, and automated phone calls to the type of clients whose properties they want to purchase. Keep in mind the fact that they want to purchase those properties quickly and for just cents on the dollar. That’s what an iBuyer is: an “instant buyer.”

The reason I bring this up is that I recently had a client who inherited a property I was interested in selling. It was in its original condition—50 years old with no updates. The client went online to Zillow Offers, who submitted a cash offer for the property at forty or fifty cents on the dollar. The ...

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  philadelphia home sellers

Friday, January 24, 2020   /   by John Salkowski

What Do You Need to Do to Prepare Your Home for the Spring Market?

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

If selling a home is in your 2020 plans, here’s what you need to do to prepare it for the bustling spring market:

1. Reach out to an agent. There’s never any cost or obligation to talk to an agent or have them come see your home in person. They can bring their impartial eye to your property and give you tips on what to do to maximize your sale price. I don’t want to see one of my clients investing their money in some expensive repair or improvement that they won’t get a return on. To avoid this, just have us over to walk through the property.

2. Walk through each room and declutter. If something is sitting around that you can donate, get rid of, or put in storage, do it. Selling a home is a long and complicated process, but getting rid of these things at the start will make the process much simpler.

3. Look at ...

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  philadelphia home sellers

Monday, December 30, 2019   /   by John Salkowski

Save Thousands on Interest

I’m sharing how you can shave eight years off your loan and save thousands of dollars in interest.
Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Interest rates are historically low at this time, and most people who are buying a home are buying a 30-year fixed home loan. Some people want to do a 15-year note, however, they feel smothered by it. Here’s my advice to you to save thousands on interest and to shave at least eight years off your mortgage. 

To make this happen, you have to pay one extra mortgage payment per year. You can do this either on a monthly or annual basis. The key is discipline. My recommendation is to add a little extra to the principal each month that would, in a year’s time, equate to one extra full payment. That will shave eight years off of a 30-year fixed loan, and it will save you thousands in interest over that same time.

If you’d like to learn more ab ...

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Tuesday, December 10, 2019   /   by John Salkowski

The Hard Truth About Zillow’s Zestimates

Can you trust Zillow’s Zestimates? Learn what you need to know right here.Looking to buy a home? Search all homes here.Looking to sell your home? Get a free home value report here. 

Zillow’s Zestimates are based on public and user-submitted data. Public data is usually fairly accurate, as it includes information about the square footage of your home. The problem is that a Zestimate relies solely on user-submitted data; if you’re looking to sell your house and you know that people are going onto Zillow to see what it's worth, why wouldn’t it benefit you to get on the site and add some of the improvements you’ve done to the property? Some agents actually help clients increase their Zestimates to make it seem like their home is worth more. In short, Zestimates can be tweaked and manipulated. 

On their site, Zillow goes on to say that they encourage homeowners to supplement their Zestimates by speaking to a real estate professional to get a c ...

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John Salkowski
198 Allendale Road Suite 301
King of Prussia, PA 19406
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
600 Creekside Dr. (615) Pottstown PA 19464

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