Philadelphia realtor
Philadelphia, the most famous metropolis of Pennsylvania, is at present the fifth largest city of the US with a population of 1.4 million. History of Philadelphia dates back to the establishment of the area by William Penn, as a Quaker Colony in 1682. The citys colonial pattern of architecture is reflected on the brick row houses and cobblestone streets. The city boasts of some very illustrious former residents, such as, Benjamin Franklin, George Washington, and Thomas Paine.
The economy of Philadelphia relies mainly on manufacturing, finance, and food. Besides the city with its many firsts (first botanical garden, first hospital, and first planned city) is a great tourist attraction. It is the seat of many prestigious universities, such as University of Pennsylvania, Thomas Jefferson University and Temple University. Many award winning athlete teams have made Philadelphia their proud home, which is good news to the sports lovers.
Philadelphia offers a variety of housing options right from single-family homes to riverfront condominiums. Every year, thousands shift in and out of this busy metro for occupational, personal, or other variety of reasons and this massive movement has generated a tremendous boost in real estate business. There are generally four types of activities that you have to undertake when you wish to relocate, search the Multi Listing Service database, find a realtor, find the dream house and sell the present home. However, if you can find yourself a suitable realtor all other activities will be taken care of without any hassle.
Find a realtor to guide you
First of all, you have to know, who a realtor is. Real Estate brokers are known to act as the channel between the seller and the buyer. His job is also to find the buyer for the seller and vice-versa. In U.K, a Real Estate agent (called estate agent) acts on behalf of his client to market property, but in the US the Real Estate broker has the scope to act in a wider scale, i.e., buying, selling, managing homes, lands and property. The real estate broker has to obtain a license from a specific state he wishes to work in. A broker can operate between States, if the regulations of the two States are similar in nature.
A broker is termed as a realtor, if he becomes a member of the National Association of Realtors or NAR. Considering the variable laws, which differ from one State to another it is advisable that the prospective buyer or seller should consult a licensed real estate professional. In this case, a realtor is more suitable, because he is bound by a strict code of ethics.
A realtors job
Compare market price
Market the property to prospective buyers
Take care of the voluminous paper work
Guide the buyer or the seller through the process
Manage property on behalf of the owner
A licensed broker will encourage you to list your property in the Multiple Listing Service, Philadelphia, instead of going through the process individually, through personal ads or through a phone call.
What is a MLS
The Multiple Listing Service is the database of homes for sale on the Internet maintained and controlled by Realtor organizations in the US and Canada. The database contains all the homes for sale listed by real estate agents and brokers in the metro areas and counties.
A recent survey conducted by NAR indicates that over 75% of home and property buyers purchase homes using MLS. That situation makes the MLS the actual marketplace for real estate. Let us perceive and understand how the MLS is relevant to a buyer.
The buyer does not have to bear additional expenses of compensating the agent, as traditionally the seller compensates the buyers agent
The buyer has to shell out only a one time flat fee for using the database
The seller can expect the highest possible price, and sell his property in the least possible time
Websites you can use:
The company Prudential, Fox and Roach is a premier name in Philadelphia. The Companys co-partner The Trident Group will offer financial services along with the insurance packages that the buyer will look for right after the purchase.
The team helps the intended buyer looking for home in Greater Philadelphia area.
Good for the Internet home shoppers. The Company will provide you with a birds eye view of the area of your choice, for example, schools of the area and location of your office.
Greater Philadelphia Association of Realtors considered being the most influential in the Metro, as it acts as the major campaigner on behalf of the property owners of Philadelphia in order to lower taxes slapped by the Government.
The website offers over two million active home listings.
A team of Pennsylvania realtors is offering condos and lofts to give you a taste of urban living in Center City and other areas.
Do remember, as a buyer; do not try to hire the sellers agent, though you may be often persuaded to do so. This hampers your interests in many cases. Just settle for your own agent.
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