Welcome!

Happy Spring!!! 

Whether you are looking to buy or sell a home, or simply looking to learn more about the Philadelphia real estate market, you've come to the right place.

I'm Eric Fox - part of the Prudential Fox & Roach team based in the historic Rittenhouse Hotel.

I know we've all seen the headlines over the past year regarding the economic and foreclosure crisis...I am here to clear up any misconceptions about our marketplace and to assist you with all of your questions and concerns. 

Everyone knows that markets rise and fall... Generally speaking, in 2009, the Philadelphia real estate market has fallen a bit but not necessarily across all price ranges and all areas.  To be honest, Philadelphia has trended much better than many other major cities. So far, 2010 has been very good to the Philadelphia marketplace. 

One motivating factor for buyers during the first few months of 2010 was the fact that interest rates were extremely low at approximately 5.00%.   A second factor was President Obama's first time home buyer tax credit ($8000 tax credit for first time home buyers) and the $6500 credit for repeat buyers.  Both absolutely motivated several buyers to jump into the real estate market keeping inventory moving.  These two factors, compounded by reasonably good news coming from the financial sectors and government reports hopefully will result in a further increase in residential real estate activity through the rest of 2010. 

Regardless of what "the market" is doing, both buying and selling real estate is a very personal decision which should take into account much much more...  It is absolutely possible to get a great deal in a seller's market, as it is also possible to over pay in an buyer's market.  Your best bet is to find a fantastic real estate agent to coach you through the process!  For more information on buying, selling and investing please click on the links to the left or fill out the questionnaire above and I will be happy to contact you.

 

"I've done 6 transactions with Eric so far.  When buying, Eric quickly picks up on what you want and doesn't waste time on unsuitable properties.  When selling, he challenges you to make it as "marketable" as possible.  He's even been known to bake cookies at his open houses.  I couldn't dream of using anyone else."

~ Mike H., Graduate Hospital 2008

"Eric helped me buy and sell property in Philadelphia.  Throughout the entire process he provided candid feedback, quick responses, and first-class negotiating skills.  No request went unanswered and everything was handled with the utmost attention to detail.  Living across the country when my property sold, I was confident from day one that the transaction would be seamless in my absence.  I give anyone my unequivocal recommendation to use Eric for your real estate investments or home buying needs."

~ Bradley B., Graduate Hospital 2008

 

Eric Fox ... A New Approach to Philadelphia Real Estate