About the author:

Daniel H. Weberman, The Kabinet Founder

Daniel is an attorney and the founder of Kabinet. He is always here to help answer your home ownership questions as well as anything related to using your Kabinet app. Ask Daniel a question by sending an email to info@completehome.io and put “Daniel” in the subject line. This is a complimentary service as part of Kabinet’s commitment to you!

Buying your first home is a significant milestone, and it can be an exciting but daunting process. Philadelphia, with its diverse neighborhoods and unique housing market, can make the process of buying a home even more challenging. However, with careful planning, research, and the help of an experienced real estate agent, you can find your dream home and make the process of buying your first home in Philadelphia as smooth as possible.

Determine Your Budget

The first step in buying a home in Philadelphia is to determine your budget. It is crucial to have a clear idea of how much you can afford to spend on your new home. Be sure to consider all expenses related to home buying, including closing costs, property taxes, homeowner’s insurance, and ongoing maintenance and repair costs.

Get Pre-approved for a Mortgage

Once you have determined your budget, the next step is to get pre-approved for a mortgage. Pre-approval is a process where a lender checks your credit history, income, and other financial information to determine how much they are willing to lend you. This step can help you determine what price range you should be looking for and can also make you a more competitive buyer when making an offer.

Research Neighborhoods

Philadelphia is a large and diverse city with many different neighborhoods to choose from. Each neighborhood has its own unique character and amenities, so it is essential to do your research and find the one that best fits your needs and lifestyle. Some popular neighborhoods for first-time homebuyers in Philadelphia include:

Fishtown: A trendy neighborhood with a vibrant arts and culture scene, great restaurants, and easy access to public transportation.

Point Breeze: A diverse neighborhood with a mix of historic homes and new construction, great restaurants, and a strong sense of community.

University City: A college town with easy access to the University of Pennsylvania and Drexel University, great restaurants, and cultural attractions.

Chestnut Hill: A quiet and upscale neighborhood with historic homes, great shopping, and a strong sense of community.

Hire a Real Estate Agent

Working with a real estate agent can be a significant advantage when buying your first home in Philadelphia. A knowledgeable and experienced agent can help you navigate the complex and competitive Philadelphia real estate market, negotiate the best deal on your behalf, and provide you with valuable advice and guidance throughout the home buying process.

Start Your Search

Once you have determined your budget, obtained pre-approval for a mortgage, researched neighborhoods, and hired a real estate agent, it is time to start your search for the perfect home. Your real estate agent can help you find listings that match your criteria and take you on tours of homes that meet your needs and budget.

Attend Open Houses and Private Showings

Attending open houses and private showings is an essential part of the home buying process. It allows you to get a firsthand look at the homes you are interested in, ask questions, and get a feel for the neighborhood. Be sure to take notes and ask your real estate agent any questions you may have about the property or the home buying process.

Make An Offer

Once you’ve found a property that you’re interested in, it’s time to make an offer. Your real estate agent can help you determine a fair price based on comparable properties in the area. Be prepared to negotiate with the seller, as they may counter your initial offer.

Get A Home Inspection

Before you finalize the sale, it’s crucial to get a home inspection. This process involves hiring a professional inspector to evaluate the condition of the property and identify any issues that may need to be addressed. Based on the results of the inspection, you may be able to negotiate with the seller to lower the price or make repairs before the sale is final.

Close The Sale

Once you’ve agreed on a price and completed the home inspection, it’s time to close the sale. This process involves signing the necessary paperwork and transferring ownership of the property to you. Your real estate agent can help you navigate this process and ensure that everything is in order.

Buying your first home in Philadelphia can be a daunting task, but with the right preparation and guidance, it’s an achievable goal. Follow these steps, and you’ll be well on your way to owning a piece of the city.


Daniel, The Kabinet Founder, has made every effort to ensure the accuracy of the information within this article was correct at time of publication. He does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from accident, negligence, or any other cause. Speak to your advisor to make sure you qualify for such benefits or opportunities. Do not rely solely on this abbreviated article, it is for informational purposes only.

Like what you read?

Sign up for our Kabinet newsletter. Homely advice, deals tips and jokes;
well definitely the first three.