⚠️ Top Real Estate Mistakes to Avoid When Buying in Philadelphia

By Megan Harkins | Living Beach 2 Burbs
🌐 www.livingbeach2burbs.com | 📧 [email protected] | 📞 215-935-4113

Buying a Home in Philadelphia? Don’t Let These Mistakes Cost You.

Philadelphia is one of the most exciting housing markets on the East Coast—historic charm, vibrant neighborhoods, and affordable options compared to nearby cities like NYC and DC. But even in a great market, it’s easy to make costly mistakes if you’re not prepared.

Whether you're a first-time buyer or relocating from out of state, here are the top real estate mistakes to avoid when buying a home in Philadelphia in 2025—straight from a local expert who knows the market inside and out.

❌ Mistake #1: Not Getting Pre-Approved Early

Why it’s a problem:
Homes in popular Philly neighborhoods like Fishtown, East Passyunk, and Northern Liberties sell fast. Without a pre-approval letter, you’ll likely get passed over—even with a great offer.

Megan’s Tip:
Talk to a trusted local lender and get pre-approved before you start house hunting. It shows sellers you’re serious and gives you a clear budget.

❌ Mistake #2: Underestimating Closing Costs in PA

Why it’s a problem:
Philadelphia’s closing costs can be higher than other areas due to the real estate transfer tax (4%), split between buyer and seller unless otherwise negotiated.

Megan’s Tip:
Budget for 5–6% of your purchase price to cover all closing costs, inspections, and fees. I’ll help you negotiate terms to ease the burden where possible.

❌ Mistake #3: Ignoring Neighborhood Nuances

Why it’s a problem:
Philly neighborhoods can vary block by block. A home might seem perfect online, but the location could impact your lifestyle, safety, or resale value.

Megan’s Tip:
Work with a local agent who truly knows the area. I’ll guide you through the pros and cons of each neighborhood—from Queen Village to Brewerytown.

❌ Mistake #4: Skipping the Home Inspection

Why it’s a problem:
Many older Philadelphia homes come with surprises: knob-and-tube wiring, aging roofs, foundation cracks, or mold issues.

Megan’s Tip:
Never waive inspections—especially in a city with historic housing. I’ll help you find a qualified inspector and negotiate repairs or credits.

❌ Mistake #5: Letting Emotions Take Over

Why it’s a problem:
Falling in love with a home too quickly can cloud your judgment—and cost you money or regret later.

Megan’s Tip:
We’ll approach each listing with a strategy. I’ll help you stay focused on your goals, budget, and resale potential.

❌ Mistake #6: Not Taking Advantage of First-Time Buyer Programs

Why it’s a problem:
Philadelphia offers some of the best assistance programs for new buyers, but many people don’t know they exist or assume they won’t qualify.

Megan’s Tip:
Let me connect you with programs like Philly First Home or PHFA loans that could save you thousands on your purchase.

❌ Mistake #7: Choosing the Wrong Agent

Why it’s a problem:
Your real estate agent plays a huge role in protecting your interests, negotiating deals, and keeping you informed.

Megan’s Tip:
Choose someone who knows Philadelphia inside and out—and puts your needs first every step of the way. I'm here to do just that.

🏠 Ready to Buy in Philadelphia Without Regrets?

Let’s make your homebuying experience smooth, strategic, and successful. As a local Realtor® who’s helped buyers across the city and suburbs, I’ll guide you through every decision with clarity and confidence.

📞 Call or text: 215-935-4113
📧 Email: [email protected]
🌐 Visit: www.livingbeach2burbs.com