The NextHome Experience: What You Can Expect When You Buy or Sell With Us

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When you hire a NextHome real estate agent, you are promised and guaranteed an agent who will personalize the service to your wants and needs. Our company is based on community and connection and what we can do to make your dreams become reality. We focus on your experience in a way that will stick with you forever.

With the growth of mobile technology in our world, NextHome has strived to make your virtual transactions effortless. The future of real estate is coming, and it is mobile and paperless. NextHome is staying on top of this trend to provide our consumers with the most updated systems. With DocuSign Transaction Rooms and eSignature platforms, the virtual process of buying or selling a home has made your transactions even more efficient. Consumers have the ability to quickly read and sign contracts and documents using their mobile devices or computers without the need to come into an office.

When buying or selling a house, you expect to be guided in the right direction, shown exactly or more than you are looking for, and a process that is as easy as it can be. With NextHome, this is the service we provide. We cater to every need and we are here to help you make this process go smoothly.

The NextHome Mobile Connect app is a feature that goes above and beyond. With this app, you can search for homes and learn all about where they are and what is around the area. If you see a property you like, you can save it and directly message an agent with any questions you may have. This feature allows you to search on the go, without having to be at home.

Our agents are offered an abundance of training and education to ensure you are getting the right information for what you are looking for. The on-demand training and education allows the agents to be skillfully trained with the ever-changing market and technology.

If you want to read more about the experiences others have had with NextHome agents, our Reach 150 system is tied to our websites to allow you to read past experiences and reviews to ensure you pick the right agent for you.

Choose a NextHome agent when you are ready to buy or sell!

The Changes the Pandemic Has Brought to Philadelphia Real Estate

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As we all know, the housing market has taken serious hits over the past year with the demand for homes surpassing the actual amount available. This in turn has home prices skyrocketing and buyers paying thousands of dollars over the listing price to win a bidding war with several other potential buyers. 

Co-Living

The Philly area saw an influx of residents from other Metropolitan areas like New York City during the last year. NYC residents were attracted by the housing prices because they were a fraction of the cost of what is in NYC. This influx increased the amount of people choosing to co-live in places like the Common Civic which is where tenants can choose to rent a single high-end room measuring out to 800-1,240 square feet instead of a whole apartment for themselves. The rent for this type of living arrangement which included utilities and weekly cleanings, were between $900-$1,100. 

Co-living has increased in the Philly area because it offers more affordable housing and living in cities that have rising real estate prices, especially to renters in their early to mid 20’s.

Housing Market

Active listings are still significantly down than a year ago. According to Realtor.com, the percentage of active listings in Metropolitan areas that include Philadelphia, Camden, and Wilmington were down 46% in February compared to February 2020. The amount of people buying homes has increased but there are still not enough on the market and the winter has slowed down construction considerably. With the housing demand, prices in the Philadelphia metro area have risen 12%. 

There is hope in the near future that with the COVID-19 vaccine becoming more readily available, people will start to feel more comfortable with putting their homes on the market.

 

Seller Optimism on the Rise

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The further we get into the pandemic; the more people are starting to feel comfortable with putting their homes on the market. 

As prices for homes continue to rise, people who have been hesitant before, are finally putting their homes on the market because. With the prices and demand for houses being so high, they could possibly list their house for more than originally planned which in turn is helping sellers view market conditions in a more positive way.

The percentage of people who said this is a bad time to buy decreased from 39% to 37% and people who think it is a good time, stays at 52%. When it comes to selling a home, the percentage of people in the study that do think it is a good time to sell increased from 50% to 57% and the respondents who don’t think it is a good time decreased from 42% to 33% all according to a survey conducted by Fannie Mae

Houses are going quickly so if you put your house up in the morning, there may be a chance of an offer that same day. Low inventory shortages are still affecting the market as of right now which is the cause of houses coming off the market so quickly. Be prepared for a quick process!

The housing market is very competitive at the moment which can result in people placing bids for the house above the listing price and it is possible for a bidding war to start. Competitive markets are very common in the type of market we are in right now, a seller’s market. The amount of people looking for a home far exceeds the supply. 

If you are looking to put your home on the market, be prepared for quick and quite possibly, multiple bids that exceed the listing price.

 

Places to Explore in Chester County, PA

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Exploring around Chester County and not knowing where to start? This wonderful county has a long list of amazing attractions to fit every need. Whether you are looking for an outdoor adventure, historic places, restaurants, or local businesses to check out, Chester County has it all.

A local business that is a must to visit is The Games Keep in West Chester. This board game store has over 3,000 titles to choose from ranging from board and card games, to RPG’s, to mini games, and more. This shop has been listed as one of the best board game stores in the region by The Philadelphia Inquirer. If you are looking for new games to try during downtime or a new way to engage with your friends and family, checking out this shop is a must!

If you are looking to park and roam around a beautiful and historic area for a meal and some light window shopping, Historic Kennett Square is your spot. In this wonderful area, you can shop and dine to your heart’s content. If you are looking to browse art galleries, clothing stores, bookstores, home decor, or gift shops, there are plenty to choose from! Talk a stroll through this area and you will see just how many things there are to do! There are even B&B’s to stay in if you want an overnight or weekend getaway.

If you are looking to take a stroll in some beautiful gardens, Longwood Gardens is a wonderful place to take in the beauty of nature. Right now, until March 21, you are able to see their Winter Wonder gardens which feature flowers and foliage that burst with color all while taking in the crisp winter air.

Feeling like a hike in the crisp winter air? Weather warming up a bit and want to get outside? Chester County has many hiking trails to choose from such as Binky Lee Preserve, Stroud Preserve, Cheslen Preserve, and Ridley Creek State Park to name a few. The parks in this county caters to all sorts of adventurers wanting to get out into nature.

If you are in the mood to sit back, relax, and sip on some wine, there are a number of wineries in this area to enjoy. Whether you are looking for a nice afternoon to yourself or a date spot for you and your significant other, wineries here like Stargazers Vineyard and Va La Vineyards are great choices.

Of course, there are plenty of other options to choose from in Chester County, PA but no matter what you choose to do and explore, there are activities for everyone.