This seemed to be the theme yesterday as I answered questions from people who sounded serious about finding a new place to live. I’m not sure why people think they don’t need money to move, but I’m here to let everyone know that YES, you need money to move.

One caller was particularly amusing because he stated that if he couldn’t qualify to buy, he would rent. He only had $25 saved as of yesterday. So we posed the question to him: if you typically need three months rent to move into a rental property, how were you planning on renting with only $25 in the bank? He did not have an answer.

Another caller was a first-time homebuyer and interested in a duplex. She informed me that she only had $100 in the bank, and then asked if banks check to see if you owe medical bills. (The answer by the way is YES.)

Here are the guidelines for homebuyers in Philadelphia:

• You need to have saved at least $2,000 to purchase a home.
• The money must be in an account at a financial institution, such as a bank or credit union. Money hidden under your mattress doesn’t count.
• If you have lower credit scores (under 580), you need to show that you’ve saved the money over time.

Here are the guidelines for renters in Philadelphia:

• You need three months rent to move in. One month for each of first and last month’s rent, and security deposit.
• You need about $40 for a credit and background check. Some landlords may charge more, and the fee is not refundable.

Once you’ve met the guidelines, call me at 215-335-6936 and I’ll help you find a new home right away. If you don’t meet the guidelines, please wait until you do to call me.

P.S. – I have a partnership with Philadelphia Federal Credit Union where they will give you $25. Call me for details.