Known around the world as the "City of Brotherly Love," Philadelphia is an American city unlike any other. Famous for its role in American history, the city draws millions of tourists to its destinations each year. But along with the many tourists, numerous people choose to move to Philadelphia for a variety of reasons, some of which include affordable housing, a strong job market, and variety of interesting activities. Due to so many people wanting to reside in Philadelphia, it's a great time to
sell my house fast, particularly if you are in the midst of a relocation, divorce, or have inherited a property from loved ones.
When people think of the Philadelphia real estate market, the one word that comes to mind is affordability. With an average price of $203,900, homes cost $12,000 less here than in other comparable U.S. cities. However, while the market is strong, demand for housing is currently outpacing supply, making it the perfect time to sell a home. In addition to this, more Millennials are entering the market as first-time home buyers, and are looking to move to urban communities rather that the suburbs. And perhaps as the strongest indicator of the housing market's affordability, the average homeowner in the city allocates only 7.6% of their monthly income to mortgage payments, versus 14.5% for homeowners in other parts of the nation.
As for the city's educational system, it has seen numerous positive steps take place in recent years. Many charter schools have been created, and are known for having high graduation rates, high SAT scores, and very high acceptance rates for college-bound students. Along with this, the city's emphasis on attracting companies in such industries as biotechnology, information technology, healthcare, and financial services encourages many students who enroll in and graduate from local colleges and universities such as Temple University and the University of Pennsylvania to put down roots in the city.
Along with being notable for its many historical areas and monuments, Philadelphia also has plenty of other activities that make it attractive to residents. Sports fans can enjoy watching the 76ers, Phillies, Flyers, and defending Super Bowl champion Eagles, while others can take in a concert featuring the world-renowned Philadelphia Orchestra. And once you're done with this and want a bite to eat, you won't be able to resist a classic Philly cheesesteak sandwich from such restaurants as Pat's King of Steaks or Geno's Steaks, both of which are located in the Italian Market area of South Philadelphia.
With so much to offer, by choosing to
sell my house fast, first-time home buyers as well as investors will be eager to purchase your home, producing substantial profits for you along the way.