Licensed Real Estate Broker
Accredited Consultant in Real Estate
Turning Your Real Estate Dreams Into Reality
Independent Exclusive Buyer's Broker
Buying a property is not a walk in the park, especially if you have a limited budget. Whether you’re a first-time homebuyer or startup real estate investor, you can easily get lost in the complex world of real estate if you don’t play your options well. With the help of Coy C. Vickers, Jr., an Independent Exclusive Buyer's Broker and his coalition in West Philadelphia, you’ll be able to find a property you can proudly call your own without any hassle. We offer support and guidance for first-time, intermediate, and seasoned real estate investors. We'll provide strategies to increase your net worth, generate cash flow, and develop an investment portfolio through asset acquisition.
Greater Philadelphia Real Estate with a Rebate*
"I love paying my clients closing cost!"
Get an Independent Exclusive Buyer's Broker Commission Rebate
Homebuyers and investors who are currently in the market or considering buying a property can use our professional services and get up to a 50% commission* rebate at the property closing. You'll receive exclusive buyer broker representation, and at the closing of your property, you receive a Buyer Broker credit of up to 50% of the commission* that Coy C. Vickers, Jr. receives for representing you in the purchase of your property.
Here's how it works
Purchase any property in the Greater Philadelphia area with my assistance, get up to 50% of the commission* that I receive at closing
No strings, just become a client of Coy C. Vickers, Jr., and you simply find the property online, (sites like Zillow, Trulia, and Realtor.com)
become my client and call me to see it.
Just remember to call me first. 484-469-7673 It's just that SIMPLE.
*Some restrictions apply. Rebate amount not guaranteed and subject to lender approval. The rebate amount is an
estimate only and based on a minimum 2.5% buyer broker commission. The actual rebate depends on the amount of buyer broker
commission actually paid. Buyer(s) must have entered into an Exclusive Buyer Broker Representation Agreement with
Coy C. Vickers Jr. Buyer's Broker commission rebate does not apply to short sales or foreclosures.
What is a Exclusive Buyer's Broker?
An exclusive buyer's broker is a real estate professional who represents the buyer's fiduciary interest only in a real estate transaction. Buyer's brokers search off-market properties, evaluate, and negotiate the purchase of property on behalf of a home buyer or investor, guiding and assisting them through every step of the real estate buying process.
What you can expect:
* A Trusted Advisor
* Insider Advice
* No-Pressure Consultation
* An Experienced and Knowledgeable Advocate
* 100% Exclusive Buyer Broker Representation
* No Conflict of Interest
* No Brokerage Fees or Transaction Fees
* An Advocate with Credentials
House Then The Car is a national campaign to educate, empower and mobilize generations of African Americans about building wealth. This movement empowers communities that have GenX, millennials, GenY, and GenZ's on the value of owning property as a generational wealth-building tool. House Then The Car speaks specifically to the African American community and offers real-life housing and financing options and solutions.
Making Philadelphia Better Block by Block
FIRST PHILLY HOME GRANT SUSPENDED UNTIL FURTHER NOTICE!
Urban Philadelphia PA - First Time Home Buyer Assistance Program
Thinking of buying your first home in urban Philadelphia and don’t have the necessary down payment and closing cost? As a first-time homebuyer, you’re in luck. There are multiple programs that can allow you to buy your next home with little to no money down. You can get up to $15,000, sometimes even more, in FREE MONEY to go toward closing cost and down payment. For example, The office of housing and urban development is currently offering a $10,000 First Time Home Buyer Grant. The “First Front Door Program” also offers a $5,000 Grant for first-time buyers and you can get an additional $500 for just sitting on a 2- or 3-hour, First Time Home Buyer class… These are just a few examples of the FREE CASH you can get to buy your next home. For more detail and How you can get started on your dream of homeownership, contact us today by phone: 484-469-7673 or email us today. If you’re serious about getting into a new home, don’t delay, most of the grants are given on a first-come basis. Make the right decision for you and your family.
FIRST PHILLY HOME GRANT SUSPENDED UNTIL FURTHER NOTICE!
What is a HomeStyle Renovation Loan?
A HomeStyle loan is a long-term renovation loan backed by Fannie Mae and available to owner-occupied homeowners as well as small buy-and-hold investors. ...HomeStyle loans combine the purchase and rehab of property together as a single loan. HomeStyle Renovation (HSR) mortgages are issued by Fannie Mae-approved lenders.
What Is a 203k Improvement Loan?
A 203k improvement loan is a mortgage option guaranteed by the Federal Housing Administration (FHA). Compared to other types of loans, FHA 203k is easier to get approved and less risky for lenders.
With 203k, you can borrow money using only one loan. It’s a great option if you’re interested in buying a property that has lots of potential but needs improvements. You can use the money to make the purchase and perform the necessary repairs to make the property more suitable for living. For more information, do not hesitate to text or email us!
Based on traditional conventional mortgage underwriting guidelines, a property
in need of minor or major repairs that impact the livability of the home are not eligible for financing.
The FHA 203k and other renovation loan programs provide for additional funding to fix this problem,
which will obviously benefit listing agents who need to reach a broader buyer market.
What is the Energy Efficient Mortgage Program?
The Energy Efficient Mortgage Loan program helps current or potential homeowners significantly lower their monthly utility bills by enabling them to incorporate the cost of adding energy efficient improvements into their new home or existing housing. This FHA program eliminates the need for homeowners who are interested in making their home more energy efficient to take out an additional mortgage loan to cover the cost of the improvements they intend to make to their property. The program is available as part of a FHA insured home purchase or by refinancing your current mortgage loan.
It is our government's goal to make energy efficiency and conservation a way of life. The FHA Energy Efficient Mortgage Loan program contributes to these efforts by providing better housing and creating a way for homeowners to make valuable improvements to their homes at a relatively low cost.
Get a property tax abatement
Property tax abatements exempt all or part of an improvement for a set number of years. This encourages new construction or rehabilitation of a property. Abatements:
• Help revitalize communities and retain residents.
• Attract home and business owners to Philadelphia.
• Reduce development costs for commercial and residential projects.
You can apply for an abatement through the Office of Property Assessment (OPA). The type of abatement may affect what you need to submit with your application.
Types of abatements
Development Abatement for New or Improved Residential Properties (State Act 175)
This is a 30-month abatement for:
• New, residential construction.
• Improvements to existing, unoccupied residential properties.
• Improvements to existing structures that are being converted to residential properties.
The abatement starts on the first day of the month after the building permit is issued by the Department of Licenses and Inspections (L&I).
Rehab Construction for Residential Properties (Ordinance 961)
This is a 10-year abatement for improvements to existing residential properties containing one or more units. It is not available for hotels.
The abatement starts on January 1st after the owner certifies that the improvements are complete.
You must file the certificate of completion and an affidavit stating the completion date with the OPA before the abatement value can be assessed and started.
Rehab & New Construction for Commercial & Industrial Properties (Ordinance 1130)
This is a 10-year abatement for new construction or improvements to deteriorated industrial, commercial, or other business properties.
The abatement starts on January 1st after the owner certifies that the improvement is complete.
You must file the certificate of completion and the certificate of occupancy issued by L&I. If an L&I certificate of occupancy is not needed, the owner must submit an affidavit stating the date the improvements were complete.
New Construction for Residential Properties (Ordinance 1456-A)
This is a ten-year abatement for the new construction of residential properties. It is not available for hotels.
The abatement starts the first month after the title date.
Where and when
The type of abatement affects when you’ll submit your application.
• For abatements under State Act 175 or Ordinance 961, submitted by December 31st of the year that the building permit is issued.
• For abatements under Ordinance 1130 or Ordinance 1456-A, submit within sixty days of the date when the building permit is issued.
You must submit your application to:
Office of Property Assessment, Abatement Unit
601 Walnut St.
Suite 300 W.
Philadelphia, PA 19106
Canceling an abatement
To cancel an abatement, all the property owners must sign the cancellation form. If there are more than two owners, they can sign and submit additional forms. Once abatement is removed, it cannot be put back on the property.
Properties with a 10-year residential tax abatement aren’t eligible for the Homestead Exemption. Once the abatement has expired, homeowners can apply for the Homestead Exemption
What is a short sale?
A short sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the
proceeds. Depending on your situation, you may be
required to make a financial contribution to receive a
A short sale is an alternative to foreclosure and may be an option if:
Are you at risk of foreclosure?
During the 2008 Financial crisis, the Federal Consumer Financial Protection Bureau found that mortgage servicers were committing frequent and egregious errors in the foreclosure process.
From the time your first payment is missed:
When can the foreclosure process begin?
After 120 days of delinquency, your bank can file with the courts for foreclosure, but they must express their intent to do so no later than 30 days before filing.
In Pennsylvania, the notice must include information on the PA Homeowner’s Emergency Assistance Program, known as an Act 91 notice. This is the last chance the lender must give you to bring your mortgage out of delinquency.
What is the Homeowner’s Emergency Mortgage Assistance Program?
Pennsylvania’s housing finance agency has a program to issue mortgage assistance loans. If a homeowner qualifies for this program, their lender will be barred from proceeding with foreclosure as long as the homeowner makes their HEMAP payments.
What are the steps in the foreclosure process?
Pennsylvania’s foreclosure process follows a similar course wherever you are in the state.
How long does the foreclosure process take in Pennsylvania?
The foreclosure process can take anywhere from several months to over a year, depending on the specific circumstances and any legal challenge to the foreclosure filing.
Can you stop foreclosure?
Yes, there are several ways to stop or stay a foreclosure.
Residential Evaluation Services
Broker Price Opinions
* Property and neighborhood information
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* Broker's Opinion of Value
* Desktop Analysis
* Subject property condition
* Scope of Work
* Prior sales and listing history
* Maps and Photos of subject and comparable comps
* Comparative market analysis
* Market Studies
* Marketability Studies
* Feasibility Analysis
* Investment Analysis
* Highest and Best Use Analysis