Michael Jalil Licensed Realtor

04/02/2020

You've decided to take the step and purchase a home. Where do you start? Buying a home is probably one of the largest investments you will make and you should work with a qualified real estate agent. Here are some things to ask and remember with my latest Real Estate Minute video!

03/31/2020

During a time like this many people are losing their jobs and worried about their lenders beginning the foreclosure process. There are options available to you before this happens. A quick breakdown about forbearnace on my latest Minute Real Estate!

03/30/2020

During a time like this having equity in a property you own can be a lifesaver. Below I explain what equity is in my Minute Real Estate video.

03/28/2020

Just another example on how the government is making it easier to continue purchasing homes with everything going on.

The FHFA says the action is to “allow for homes to continue to be bought, sold, and refinanced as our nation deals with the challenges of the coronavirus.”

03/28/2020

When you are applying for a loan, one of the things the lender will request is an appraisal. What does that mean for you as the buyer? Check out my Minute Real Estate video below for a breakdown.

03/27/2020

It's that time of year! Love seeing all the flowers blooming in Philadelphia.

Daffodils, tulips, ranunculus, pansies and more bring the beauty of spring to small gardens

03/26/2020

Hey all - long post but great info for those of you who own a small business or work for someone who owns a small business. There are ways available to be able to pay your workers during this time.

U.S. Small Business Administration Disaster Loan Assistance

Overview:
The U.S. Small Business Administration offers a Disaster Loan Assistance program to qualifying small businesses to use toward payroll, utilities, and other expenses when there is a declared disaster. In the case of COVID-19 these would be economic Injury Disaster Loans(EIDL). Loans can be up to $2 million at a fixed 3.75% for a loan amount for up to 30 years based on the borrower’s ability to repay.
More overview information can be found here: https://disasterloan.sba.gov/ela/Declarations/ViewDisasterDocument/3513

Do you qualify?
Has your business’ state and county declared a disaster? This has to be the state that your business files taxes in. You can look up which states have federally declared disasters here: https://disasterloan.sba.gov/ela/Declarations

To Identify if your small business qualifies, you will have to apply online or by mail with the required documentation identified here:https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf

03/26/2020

Your offer got acceted but you want to make sure the house is in good condition. A home inspection is key when buying your home. Check out my Minute Real Estate video about the Home Inspection Period.

03/26/2020

We were already seeing technology change how real estate transactions are completed, but something like this has definitely helped push it forward.

The good news: As of now, new listings continue to pour in, and technology allows sales to continue. The bad news: No one knows whether all this will continue if the emergency drags on.

03/25/2020

For those of you who were in the process of looking for a home there are still options available to you to continue during this time. With showings down you actually have a good opportunity to find a property that will be available and possibly give you a good deal.

Open houses are out and virtual tours are in as real estate agents adjust how they help clients buy and sell houses during the coronavirus pandemic.

03/24/2020

Pre-qualified vs pre-approved...what's the difference? Check out my Minute Real Estate below!

03/21/2020

This is a huge increase for the city of Philadelphia. You can absolutely find properties to purchase here that will cost you less than that a month.

Philadelphia is tied with Chicago as the 18th most expensive rental market, according to a comparison of 100 cities across the country.