Spending a lot of time trying to peer into the crystal ball is a mistake for most homebuyers and sellers. It’s more important to take stock of where you are in your life and what’s going to make you happy. And that means owning instead of renting.
(PRWEB) April 05, 2012
Where is the current Philadelphia real estate market going? To many real estate agents in Philadelphia, that question misses the point.
“Spending a lot of time trying to peer into the crystal ball is a mistake for most homebuyers and sellers,” says Robbie Mahallati, a licensed Philadelphia real estate specialist. “It’s more important to take stock of where you are in your life and what’s going to make you happy. And that means owning instead of renting."
For many of Mahallati’s clients, owning a home has always been a dream. Many of his clients are first time homebuyers and many have made the understandable mistake of not believing they could own a home due to various factors including credit and their previous bad financial habits.
One of the benefits of the current state of the Philadelphia real estate market is that house prices are depressed and this means that getting into a home is more feasible and affordable.
“And lenders are lending,” adds Mahallati. “This fact surprises many of my clients. Clients are discovering an abundance of excellent properties to choose from in desirable neighborhoods.”
Many of Mahallati’s clients have been renting for a significant amount of time and the emotional boost of owning a property instead of renting is one that’s extremely exciting for Mahallati and the freshly minted homeowners. Mahallati regularly tells people who are sitting on the fence about home ownership that now is one of best times to get off the fence and own a home -- in part because owning makes more sense than renting.
“Interest rates are low,” he says. “House prices are low. The potential for increase in value is there. In the current state of the Philadelphia real estate market, it’s a great time to get into a home.”
For first time home buyers Philadelphia is proving to be one of the nation’s most exciting markets.
About Robbie Mahallati
Robbie Mahallati is a real estate agent in Philadelphia. He specializes in the Philadelphia real estate and has helped a wide range of clients buy a home or sell a home. Services include: credit repair Philadelphia; First time home buyers Philadelphia; homes for sale Philadelphia; houses for sale Philadelphia; Newly Renovated Homes Philadelphia; Short Sales Philadelphia, Selling houses fast for cash Philadelphia.