Philadelphia is affectionately known as the “City of Brotherly Love”. This nickname comes from the literal meaning of the city's name in Greek, compounded from “philos” (loving) and “adelphos” (brother). The city's accommodating nature has attracted people from across the globe, resulting in a diverse culture that's both vibrant and unique. Here is a guide to help you relocate smoothly if you're thinking of purchasing one of the many homes for sale in Philadelphia PA.
Philadelphia has long been recognized as one of the nation's industrial center. Some of its biggest economic sectors include finance, manufacturing, healthcare, and biotechnology. Fortune 500 companies that call the city home include Boeing, CIGNA, Comcast, GlaxoSmithKline, Lincoln Financial Group, Pep Boys, Sunoco, and Wyeth.
With over 163,000 students and 347 public and charter schools, the city is currently the eighth largest public school district in the country. It is also home to many major private colleges and universities, such as University of Pennsylvania, Drexel University, St. Joseph's University, University of the Arts, and La Salle University. The city also has five different schools of medicine.
You have a total of 20 days after moving to the city permanently to have your vehicle registered to the state. Otherwise, you may be required to pay a fine. With regards to licenses, the state requires new residents to update their license from their previous state to a Pennsylvania driver's license within 60 days of moving. As it is with vehicle registration, you may also be required to pay a fine if you fail to do this.
Sales tax rate in the city can be as high as eight percent. That said, certain items like food, clothing, medicines, textbooks, and residential heating fuels are not taxable. Also, qualified retirement income and social security are not levied with any income tax.
Qualified real estate agents in Philadelphia PA advise that before you move here, be sure to spend some time studying and researching various neighborhoods. Bella Vista and Queen Village are two dynamic neighborhoods that offer affordable living. Northern Liberties is hip, but leans more on the pricey side. Discover more about the different neighborhoods in Philly from phillymag.com/articles/real-estate-2013-hottest-philly-neighborhoods/.
Homes For Sale in Philadelphia PA – Details You Need to Know