Category Archives: Uncategorized

A Super Weekend in Philly and the Southern New Jersey Shore

As you may have heard, the Eagles are going to the Super Bowl! We’ve got a guide with plenty of fun watch parties all lined up for you. Plus, we’ve got other great activities in the days preceding the biggest game of the year.

Boy Scouts of America Expo

February 3 10:00 AM

Hamilton Hall
Mays Landing, NJ

The theme for this year’s expo is “Discovery!” Come and see what these exceptional young men have discovered this past year. While you’re there, enjoy watching the kids participate in the exciting pinewood derby race.

Stinky Kids: the Musical

February 3-11 (various times)

Walnut Street Theatre

Philadelphia, PA

Follow the funny story of Britt, as she and her friends embark on an epic adventure to get a hunk of gum unstuck from Britt’s hair.

Barber Shop Quartet

February 3 1:00 PM

Avalon History Center

Avalon, NJ

The women of the Cape Shore Chorus are warmed up and ready to sing favorite American songs with their killer harmonies.

African American History Month

Through February 28

National Constitution Center

Philadelphia, PA

With special exhibits and programming, the National Constitution should be a destination this year for your Black History Month commemorations.

Crocs: Ancient Predators in a Modern World

Opens February 3

The Academy of Natural Sciences of Drexel University

Philadelphia, PA

Learn about the ancient adaptability and unique life of the crocodile species. Learn interesting facts about the species and how they’ve managed to survive for so many years at this fascinating exhibit.

Super Bowl Tailgate Block Party – St. Stephen’s Green

February 4 11:00 AM

St. Stephen’s Green

Philadelphia, PA

This family-friendly Super Bowl tailgate will shut down 17th Avenue. Enjoy face painting, corn hole, a costume contest (even for dogs!) and plenty of other fun while cheering for the Eagles!

Super Bowl Tailgating- The Fillmore

February 4 3:30 PM

The Fillmore

Philadelphia, PA

Come and enjoy this all-ages watch party event on Sunday. Feast from the mouthwatering buffet and enjoy giveaways and live broadcasts from the event.

Friends and Fam Game Day- Punchline Philly

February 4 4:00 PM

Punch Line Philly

Philadelphia, PA

Watch the Super Bowl at Punchline! Purchase a buffet ticket and reserve your seat for this exciting viewing party.

Super Bowl Viewing Party- Blue Cross Riverrink Winterfest

February 4 6:00 PM

Delaware River Waterfront

Philadelphia, PA

Featuring all you can eat provided by Chickie’s and Pete’s, humongous 12 foot screens, and an open bar. Enjoy cheering for the hometown team at this watch party inside the heated lodge at Blue Cross Riverrink Winterfest.

 

This Month in Real Estate – January 2018

This Month in Real Estate
January 2018 Market Update
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Monthly VideoAccording to the National Association of REALTORS®, existing home sales accelerated significantly in November, reaching their fastest rate of growth in over 10 years. In spite of ongoing inventory constraints, particularly in the starter-home segment, and a healthy, growing median home price, homes are selling rapidly as buyers scoop up available properties.
Interest Rates
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Monthly VideoAccording to Freddie Mac, 30-year fixed rates rose from 3.90 percent to 3.99 percent. This rate remains well below the historical average of 8.90 percent.
Home Sales
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Home Sales Graph
The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of approximately 5.8 million homes during the month of November. This was an increase of 5.6 percent from October and an increase of 3.8 percent from November of last year.
Home Prices
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Home Price Graph
The median home price increased to $248,000 in November, which was up 0.8 percent from October and up 5.8 percent from November of last year. The median home price has increased by approximately $13,600 in the past year alone.
Inventory
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Inventory Graph
There was a 3.4-month supply of housing inventory in November, which was a 12.8 percent decrease from October. The total number of available homes for sale has decreased by 15.0 percent compared to November of last year.
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Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report.The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed on This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

The Cost Savings Of Owning Versus Renting in Our Markets

For many Americans housing is one of their largest expenses. According to the Bureau of Labor Statistics, it can account for 30 percent or more of a household’s yearly expenses.  With mortgage rates continuing to remain at near historic levels many areas are seeing that it is more affordable to own versus rent.

Here is the breakdown on the cost of renting versus owning in Pennsylvania and New Jersey according to a recent study by GoBankingRates.com. The study compared the median rent price for single-family homes against the median list price of homes.  The numbers reflect a 20% down payment towards the median list price and a 30-year fixed rate loan. These numbers also take into consideration the real estate tax and insurance.

Pennsylvania

The average monthly rent is $1,395

The average monthly mortgage is $934

Philadelphia was among the top 30 in the nation with the highest-priced rental market. These numbers are based on a mortgage on a home with a median list price of $179,900. Pennsylvania came in 5th in the nation where it is cheaper to own then rent in this study.

New Jersey

The average monthly rent is $1,900

The average monthly mortgage is $1,428

These numbers are based on a mortgage on a home with a median list price of $299,900.

Tired of spending more on housing then you need to by renting? Contact us today and we can help you with your search for a new home.

The Silva Group is comprised of Philadelphia and New Jersey’s best and brightest in the real estate industry. Our team is more than a bunch of real estate agents packed into an office – we are friends and family members who all have one passion – to provide the very best real estate experience possible to our clients.

8 Costly Mistakes to Avoid When Selling a Property

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Prior to selling your Pennsylvania or New Jersey home be aware of these 8 expensive mistakes that sellers make.

  1. Not Prepping- Don’t jump into selling your home without first preparing your home by making minor repairs. A fresh coat of paint provides your home with a fresh new look. Consider hiring a professional cleaning service to deep clean your home.
  2. Home Inspection- Prior to placing your home on the market you need to have a pre-listing home inspection done, it can save you a lot of stress and aggravation down the road. Knowing of any issues with your home allows you to address them by having them fixed, or being prepared to tackle them during negotiations with a buyer.
  3. Wrong Realtor- You may be tempted to use a Realtor who is a friend, a relative, or a friend of a friend, but choosing the wrong Realtor can be a big mistake. Before picking a Realtor look for one with a long history of success with listing and selling homes. A Realtor who is knowledgeable about your local market is a must.
  4. Forgetting Curb Appeal- Prepping your home for sale goes beyond just preparing the inside. The outside of your home is the first thing a potential buyer will see, and it needs to make a good first impression. Pull weeds, mow your lawn, and apply a fresh coat of paint to your front door.
  5. Not Disclosing Issues-  If you are aware of any problems with your home you must disclose it.  More than likely these issues will show up during a home inspection.  By not disclosing known problems you run the risk of a lawsuit down the road.
  6. Not Pricing Your Home Right- Hire an experienced Realtor who knows your market, they can help you determine a reasonable price to list your for sale at. Overpricing your home will result in you having to reduce the price of your home multiple times, and it could run off potential buyers who felt the home was out of their price range.
  7. Not Being Prepared- Be prepared before selling your home by putting a plan in place if your home were to sell quickly, or a backup plan if the process were to take longer than expected. Know what your mortgage payoff is and what the closing costs are involved.
  8. Not Detaching Yourself- It is not uncommon for home owners to become emotionally attached to their home. A lot of life has happened and memories were made there. However, potential buyers want to be able to envision themselves living in your home. Remove any personal photos and declutter prior to listing your home for sale.

Selling your home can be a challenge at times, but hiring an experienced Realtor will help you avoid these common mistakes. The Silva Group is here to help. Contact Us today.

Curious as to what your current home is worth? Find out here.

Real Estate Excellence

Each year, we strive to provide our clients with nothing but the best service and premium level experiences with all their real estate endeavors. For our team, 2012 was a great year and we have you to thank for it! Moving forward, we expect to provide you with an even better year in 2013 and beyond.

Real Estate Excellence

In fact, in an effort to gain as much exposure to new ideas, innovations and ways to consistently improve upon our already renowned client services, we regularly attend seminars and conferences throughout the region and country. These are designed to connect top real estate producers around the country so everyone can share the concepts that are working for each.

We recorded the video on this blog from gorgeous San Diego California, yet another mastermind event and we walked away with some great tools that you’ll surely see implemented soon.

National Networking
One of the benefits of our engagement with so many top-producer events that we are a part of is our connection with countless brokers and Realtors® throughout the country. If you or someone you know is looking to relocate to another area, we can share references of those area’s top experts.

Market Update
In terms of real estate activity, our region is on fire! Though inventory levels are lower overall, we are still seeing plenty of movement. Looking at the number of homes available on the market this January as compared to the same time last year, we are down 14.5% — meaning that buyers are out there competing for fewer homes.

When you factor in that buyers are eager to lock in the amazing interest rates that are still historically low, we have an ideal marketplace for both buyers and sellers alike.
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If you are ready to jump off the fence and get started making your real estate dreams become a reality, contact us today! We would love to be a part of it and help to make it a fantastic experience!