Tips Archives - Page 8 of 15 - Damon Michels | Specializing in Main Line and Center City Real Estate

Tips

Know Your Credit Score & Make Improvements if Necessary

Know Your Credit Score & Make Improvements if Necessary When you are shopping for a home loan, it’s important to maintain your credit score. Below are some suggestions, from Trident… Read more ⇢

Top 5 Projects For The Best ROI In The Philadelphia Area

According to the Remodeling Magazine, the following are the top five projects for the best return on investment in the Philadelphia area. Attic Bedroom Remodel 72.4% cost recouped… Read more ⇢

Homeowners Are Building Their Net Worth

According to the Philadelphia Business Journal, “homeowners are building net worth at a pace that is up to quadruple that of a renter. In the past 15 years, the net worth… Read more ⇢

Mortgage Rates Drop To Their Lowest Level In Over A Year

Mortgage Rates Drop To Their Lowest Level In Over A Year According to CNN.com, mortgage rates have dropped to their lowest level in over a year. “The average rate… Read more ⇢

What is a Lease Option?

What is a Lease Option? A lease option is an agreement between a renter and a landlord where the renter signs a lease with an option to purchase the property. Read more ⇢

When To Add On And When To Move On

Deciding whether to add on to an existing home or to purchase a new one can be a complex decision. There are a few factors to consider, including cost,… Read more ⇢

Are You Ready To Buy A Home?

The Advantages of Home Ownership Among the most appealing advantages of home ownership is that you own it, which gives you, instead of a landlord, control… Read more ⇢

Easy Curb Appeal Upgrades You Can Do On a Weekend

Sometimes the idea of getting your home ready to sell can seem daunting, and you might be tempted to sell it “as is” instead. Adding a little curb appeal, however,… Read more ⇢

Real Estate Terminology: Ratios, the Third in a Series

In the vocabulary of real estate, various ratios help buyers and mortgage services determine the viability of a purchase. A ratio is a way of expressing the relationship between two values… Read more ⇢

Smart Selling to Today's Homebuyers

If you’re considering selling now that the housing market outlook is improving, take a few moments to consider how buyers have changed what they look for in the home buying process. Read more ⇢

Real Estate Terminology: Appraisal vs. Assessment vs. Market Value, the Second in a Series

In the vocabulary of real estate, there are three terms that indicate a home’s valuation: the Appraised Value, the Assessed Value and the Market Value. Rarely are these three values the… Read more ⇢

What Gen Y Looks for in a Home to Buy

If you’ve lived in your home for some time, you notice when the neighborhood around you is changing to a younger demographic. Thinking this might be a good time to sell,… Read more ⇢

Real Estate Terminology: Abatement, the First in a Series

Every industry has its own vocabulary, and real estate is no exception. If you are newly in the home-buying market, you may find yourself stumped by the lingo, acronyms, abbreviations and… Read more ⇢

Planning for Multi-Generational Living

Extended families living in one home are more the norm these days. When looking for a home to share with your older parents, consider that while they may be completely mobile… Read more ⇢

Open House Pitfalls, Tips and Etiquette for Buyers

So, you’re thinking of buying a home … where do you begin? Potential buyers new to the real estate market may not know exactly what they want in a home, or… Read more ⇢

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