2020realestate.com Review

Based on looking at the website 2020realestate.com, the site presents itself as a real estate service provider specializing in buyer and seller representation, residential and commercial leasing, property management, and rentals in the Philadelphia area.

While it provides detailed contact information, addresses for multiple offices, and a clear listing of services, there are a few areas that raise questions from a comprehensive trust and ethical perspective, particularly regarding the promotion of interest-based mortgages and the absence of clear, upfront information about Islamic-compliant financial practices in real estate.

Here’s an overall review summary:

Website Presence: Appears to be a legitimate real estate agency with multiple physical locations and contact numbers in Philadelphia.
Services Offered: Comprehensive real estate services including sales, leasing, and property management.
Transparency: Provides staff information, featured properties with details, and clear contact methods.
Ethical Concerns Islamic Perspective: The promotion of conventional “Mortgages” without any explicit mention or alternative for Riba-free interest-free financing is a significant concern for Muslims.
Missing Trust Elements: Lacks direct links to third-party reviews e.g., Google Reviews, Zillow, Yelp or certifications that are prominently displayed. Terms of Service, Privacy Policy, and a clear Refund Policy though less relevant for a service-based business, clarity on service agreements is key are not immediately obvious.

While 2020realestate.com seems to function as a professional real estate platform, its direct promotion of conventional mortgages which typically involve interest, or riba, a forbidden concept in Islam without offering or even acknowledging Sharia-compliant alternatives makes it problematic from an Islamic ethical standpoint. For those seeking to engage in real estate transactions in a permissible manner, this omission is a significant drawback. A truly comprehensive and ethically sound real estate service would offer clarity on all available financing options, including those that adhere to Islamic principles.

Best Alternatives for Ethical Real Estate Engagement and Financing:

For individuals seeking real estate services that align with Islamic principles, the focus shifts to finding brokers and financial institutions that explicitly offer or facilitate Sharia-compliant financing and ethical transactions. These alternatives avoid interest and ensure transparency and fairness in agreements.

Guidance Residential:
- Key Features: One of the largest providers of Sharia-compliant home financing in the U.S. Uses the Ijara lease-to-own and Murabaha cost-plus financing models.
- Price: Varies based on property value and financing structure.
- Pros: Established, widely recognized, and adheres strictly to Islamic financial principles. strong track record.
- Cons: Limited to specific regions. requires deeper understanding of Islamic finance models.
- Guidance Residential
American Finance House LARIBA AFHL:
- Key Features: Offers ethical, interest-free financing for residential and commercial properties. Utilizes a Declining Partnership Musharakah Mutanaqisah model.
- Price: Based on financing terms, not traditional interest rates.
- Pros: Pioneer in Islamic finance in the U.S.. offers personalized service. focuses on partnership and equity.
- Cons: May have stricter qualification criteria. less widespread recognition compared to conventional lenders.
- American Finance House LARIBA
Real Estate Agents Specializing in Halal Transactions:
- Key Features: Many real estate agents and brokers have specialized knowledge of Islamic finance principles and can connect clients with Sharia-compliant lenders and properties. Search for agents explicitly mentioning “Halal real estate” or “Islamic finance.”
- Price: Standard real estate agent commissions.
- Pros: Local expertise. can navigate the conventional market while seeking ethical solutions.
- Cons: Requires careful vetting to ensure genuine understanding of Islamic principles. availability varies by location.
- Real Estate Agents Search Search for specific agents or agencies in your area
Local Islamic Community Centers/Mosques:
- Key Features: Often have resources or networks of professionals who understand and practice Islamic finance. They can provide referrals to ethical real estate agents, brokers, or community-based financing programs.
- Price: Free advice and referrals.
- Pros: Trusted community resource. potential for peer support and shared knowledge.
- Cons: Information might be informal. not a direct service provider.
- Islamic Community Centers Search Search for local centers
Sharia-Compliant Investment Funds for property investment:
- Key Features: These funds invest in real estate assets without involving interest-based debt. They typically pool investor money and generate returns through rentals or ethical development.
- Price: Management fees and investment minimums vary by fund.
- Pros: Passive investment opportunity. diversification. adherence to Islamic principles.
- Cons: Less direct control over specific properties. liquidity might be lower than direct ownership.
- Sharia-Compliant Real Estate Funds
Ethical Property Management Services:
- Key Features: If you own property and need management, seek services that align with ethical business practices, ensuring fair dealings with tenants and transparent financial reporting. This avoids any engagement in predatory lending or unjust practices.
- Price: Typically a percentage of rental income.
- Pros: Professional handling of properties. ensures fair and transparent landlord-tenant relationships.
- Cons: Requires due diligence to verify ethical standards.
- Ethical Property Management Services
Real Estate Consulting Firms focused on Ethical Investment:
- Key Features: Some consulting firms specialize in advising clients on ethical and socially responsible real estate investments, which often overlap with Islamic finance principles. They can help navigate the market for properties that align with your values.
- Price: Fee-based consulting services.
- Pros: Tailored advice. comprehensive market analysis from an ethical lens.
- Cons: Can be expensive. requires finding firms with specific expertise in Islamic finance.
- Ethical Real Estate Consulting

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

2020realestate.com Review & First Look

When you land on 2020realestate.com, the immediate impression is that of a professional, albeit somewhat conventional, real estate agency operating in the Philadelphia area.

The homepage is clean, features prominent property listings, and provides clear contact information.

This initial clarity is crucial for any business, especially one dealing with high-value transactions like real estate.

The site immediately showcases featured properties with high price tags, indicating a focus on a certain segment of the market within Philadelphia.

Initial Observations and Usability

The website is intuitively navigable, with a straightforward menu system.

Key sections like “Featured Properties,” “Our Staff,” “Owners,” “Residents,” “Mortgages,” and “Contact Us” are easily accessible.

This user-friendly design helps visitors quickly find relevant information.

However, the use of “Mortgages” as a direct link without further explanation or context for Islamic finance alternatives immediately flags a concern for users seeking ethically compliant solutions.

Transparency of Information

2020realestate.com scores reasonably well on transparency for a standard real estate firm.

They clearly list multiple office locations with addresses, phone numbers, and operating hours. Resume-pro.net Review

The “Our Staff” section is a good touch, allowing potential clients to put faces to names.

This level of detail helps build initial trust, as it indicates a physical presence and an established operation rather than a purely online facade.

Core Business Model

The core business model revolves around traditional real estate services:

Buyer Representation: Helping individuals find and purchase properties.
Seller Representation: Assisting property owners in listing and selling their assets.
Leasing: Facilitating residential and commercial rental agreements.
Property Management: Offering services to landlords for managing their investment properties, including tenant relations, rent collection, and maintenance.

This comprehensive suite of services positions them as a full-service agency.

Their focus on property management, particularly for investors, highlights a key area of expertise.

They emphasize reducing hassle and saving time for property owners, which is a strong value proposition in the real estate market.

2020realestate.com Pros & Cons

Alright, let’s break down the good and the not-so-good about 2020realestate.com.

From an ethical standpoint, especially considering Islamic financial principles, some “pros” in the conventional sense might lean into “cons” due to the lack of specific ethical alternatives.

Pros of 2020realestate.com

Despite the ethical considerations, there are elements that make 2020realestate.com function effectively as a standard real estate platform:

Clear Contact Information: They provide multiple phone numbers, email, and physical office addresses. This transparency is a big plus for establishing legitimacy. You can easily find them and get in touch, which is crucial for any service-based business.
- Physical Presence: Multiple office locations in Philadelphia 1181 Bristol Pike, 8100 Bustleton Avenue, 7913-15 Frankford Avenue give them a tangible presence, unlike purely online operations.
- Direct Contact Details: The website prominently displays phone numbers like 215.357.2020 and 215.722.2020, along with an email for direct inquiries.
Detailed Property Listings: The “Featured Properties” section showcases high-value properties with essential details like beds, baths, square footage, and price, providing a quick overview for potential buyers.
- Rich Data: Each listing provides key metrics that buyers look for upfront, such as number of bedrooms, bathrooms, and total square footage.
- “View Details” Links: Clicking on “View Details” promises more in-depth information, though actual access requires navigating away from the main site to specific listing pages.
Comprehensive Service Offerings: From buyer and seller representation to leasing and property management, they cover a broad spectrum of real estate needs. This makes them a one-stop shop for many clients.
- Diverse Services: The range includes Buyer Representation, Seller Representation, Leasing for Residential and Commercial Real Estate, Property Management, and Rentals.
- Investor-Focused Property Management: They highlight their expertise in managing properties for investors, from single units to large portfolios, aiming to reduce hassle and stress.
Professional Website Design: The site is clean, modern, and easy to navigate, which contributes to a positive user experience.
- User-Friendly Layout: Information is well-organized, and the menu structure is intuitive, allowing for smooth navigation.
- Mobile Responsiveness: While not explicitly tested, a modern site typically adapts well to various devices, enhancing accessibility.
Social Media Presence: Links to Facebook and LinkedIn are provided, indicating an effort to engage with clients and build a community online.
- Facebook Page: WaltMarchowskyRealtor on Facebook.
- LinkedIn Profile: Walter Marchowsky’s LinkedIn profile. These links allow for further investigation into their professional network and client interactions.

Cons of 2020realestate.com

Now, let’s get into the areas where 2020realestate.com falls short, especially when viewed through the lens of ethical and Islamic financial principles. Shipperschoice.com Review

Promotion of Conventional Mortgages Riba Concern: This is the biggest red flag. The website explicitly links to a “Mortgages” section jesposito.phillyadvisors.com without any mention or alternative for Sharia-compliant, interest-free financing options. In Islam, interest riba is strictly forbidden, making conventional mortgages a major ethical barrier for Muslim clients.
- Direct Link to Interest-Based Lending: The presence of a “Mortgages” link immediately signals a reliance on conventional financing methods.
- Lack of Islamic Alternatives: There is no indication that they are aware of or cater to clients seeking halal financing solutions e.g., Murabaha, Ijara, Musharakah. This omission alienates a significant ethical demographic.
- Ethical Implications: For a Muslim, engaging in interest-based transactions is a grave sin, and a real estate firm that doesn’t acknowledge or provide alternatives for this fundamental ethical requirement is inherently problematic.
Absence of Explicit Ethical/Islamic Financial Information: Beyond the mortgage issue, there’s no visible commitment to ethical real estate practices from an Islamic perspective. No mention of Zakat implications for property, ethical investment guidelines, or avoiding speculative practices.
- No “Halal Real Estate” Focus: The website doesn’t use terms like “halal real estate,” “Sharia-compliant,” or “riba-free financing,” which are crucial for attracting clients seeking ethical solutions.
- Generalist Approach: The services are framed in a conventional, generalist manner, which is understandable for a broad audience but fails to address specific ethical needs.
Missing Trust Signals Third-Party Reviews/Certifications: While the site looks professional, it lacks direct, visible links to independent client reviews e.g., Google Reviews, Zillow, Yelp or industry certifications prominently displayed on the homepage. This can make it harder for new clients to quickly verify their reputation.
- No Prominent Testimonials: While they might have testimonials buried somewhere, none are prominently featured on the main page to build instant credibility.
- No Industry Badges: Absence of badges from real estate associations or bodies that could bolster trust.
Limited “About Us” Detail on the Homepage: While there’s an “About” link, the direct content on the homepage regarding their philosophy or history is somewhat generic. It states, “An Office where our clients become friends and part of our family,” which is a common marketing phrase rather than concrete details about their background or unique selling propositions beyond property management.
- Vague Mission Statement: “Our Mission is to make your Real Estate Transaction as smooth as possible” is standard and doesn’t offer deep insight into their unique values or approach.
- Lack of Specifics: No numbers on transactions completed, years in business, or specific awards beyond general statements.
No Clear Terms of Service or Privacy Policy Links: While likely present somewhere, these crucial legal documents are not immediately accessible from the homepage footer or main navigation. For transparency, especially in data handling and service agreements, these should be prominent.
- Legal Clarity: Essential for understanding how client data is used, dispute resolution, and contractual obligations.
- Consumer Protection: Their absence on the main interface could raise questions for a meticulous user.

2020realestate.com Alternatives

Given the ethical considerations, particularly the promotion of interest-based mortgages, finding alternatives that align with Islamic principles for real estate transactions is paramount.

The alternatives listed focus on either offering Sharia-compliant financing directly or connecting individuals with professionals who prioritize ethical real estate practices.

Finding Ethical Real Estate Solutions

Sharia-Compliant Home Financing Providers

These entities are specifically designed to offer financing products that adhere to Islamic law, avoiding interest.

Guidance Residential:
- Key Features: Offers services nationwide in the U.S. and uses two primary models: Ijara a lease-to-own model where the institution owns the property and leases it to the client, with lease payments contributing to equity and Murabaha a cost-plus financing arrangement where the institution buys the property and sells it to the client at an agreed-upon, higher price, payable in installments.
- Pros: Long-standing reputation in the market, clear Sharia compliance oversight, comprehensive customer support, and educational resources about Islamic finance.
- Cons: Application processes can be rigorous, may have higher minimum down payments compared to conventional loans, and specific property types or locations might be excluded.
- Average Price: Costs are structured as profit rates and fees rather than interest. comparable to conventional loan payments in terms of monthly outflow but different in underlying structure.
American Finance House LARIBA AFHL:
- Key Features: A pioneer in Islamic financing in the U.S., LARIBA uses the Declining Co-ownership Program Musharakah Mutanaqisah. Here, the client and LARIBA co-own the property, and the client gradually buys out LARIBA’s share, while paying a “rent” for LARIBA’s portion.
- Pros: Strong commitment to ethical principles, personalized service, and a history of advocating for Islamic finance in the West. Known for working closely with clients.
- Cons: Smaller reach compared to larger conventional lenders, application process might be more intensive due to the unique financial model, and may require a deeper understanding from the client’s side.
- Average Price: Structured around profit sharing and rent, not interest, with payments designed to be competitive with conventional mortgages.

Ethical Real Estate Brokerage and Consulting

These are services that help you navigate the conventional market while ensuring your transactions adhere to Islamic principles or broader ethical guidelines.

Certified Halal Real Estate Agents:
- Key Features: Many real estate agents are now getting certified or specializing in “Halal Real Estate.” These agents understand the nuances of Islamic finance and property law, helping clients find properties and connect with Sharia-compliant lenders. They prioritize transparency, fairness, and avoiding speculative or interest-based components in transactions.
- Pros: Local market expertise combined with ethical understanding, direct support through the buying/selling process, and ability to filter properties based on ethical criteria.
- Cons: Availability varies by region. requires careful vetting to ensure genuine expertise in Islamic finance beyond mere marketing.
- Average Price: Standard real estate commission rates typically paid by the seller.
- Real Estate Agents Search
Islamic Property Investment Funds:
- Key Features: These funds pool investor money to acquire and manage real estate assets, generating returns through rental income or ethical development, all without engaging in interest-based debt. This offers a way to invest in property ethically without direct ownership.
- Pros: Allows for passive income and diversification while adhering to Islamic principles, managed by professionals, and typically liquid compared to direct property ownership.
- Cons: Investors have less control over specific properties, fees can apply, and returns are subject to market performance.
- Average Price: Varies based on the fund’s structure. usually involves management fees and minimum investment thresholds.

Community-Based Resources

Often, the best ethical resources are found within local communities. Sunnymeet.com Review

Local Islamic Community Centers and Mosques:
- Key Features: Many community centers host workshops, seminars, or maintain lists of trusted professionals including real estate agents and financial advisors who understand and practice Islamic finance. They often serve as a referral point for community members seeking ethical solutions.
- Pros: Trusted source of information, direct access to community networks, opportunities for peer learning and support.
- Cons: Information can be informal, not a direct service provider, and quality of referrals may vary.
- Average Price: Free access to information and referrals.
- Islamic Community Centers Search

Online Platforms for Ethical Investment

While not specific to real estate, these platforms often highlight ethical investment opportunities that might include real estate components.

Wahed Invest:
- Key Features: A prominent Sharia-compliant digital investment platform that offers various portfolios, including those with real estate exposure, all screened for ethical compliance. While not a direct real estate broker, it’s a way to invest in the real estate sector ethically.
- Pros: Fully Sharia-compliant, easy-to-use digital platform, diversified portfolios, and low minimum investments.
- Cons: Passive investment, not direct property ownership, and returns are tied to fund performance.
- Average Price: Management fees typically range from 0.49% to 0.99% annually, depending on the portfolio size.
- Wahed Invest
Amana Funds by Saturna Capital:
- Key Features: Offers mutual funds that invest in Sharia-compliant equities, which may include companies involved in ethical real estate development or property-related services. Like Wahed, it’s an indirect way to engage with the real estate market ethically.
- Pros: Long-standing history in ethical investing, professionally managed, and diversified across various sectors.
- Cons: Not direct real estate ownership, investment focus is broader than just real estate, and market volatility affects returns.
- Average Price: Expense ratios vary by fund, typically ranging from 0.75% to 1.00%.
- Amana Funds

How to Avoid Unethical Real Estate Practices

Navigating the real estate market can be complex, and ensuring your transactions adhere to ethical guidelines, especially Islamic principles, requires diligence. Unethical practices often involve elements of riba interest, gharar excessive uncertainty or deception, and maysir gambling or speculation. Avoiding these requires a conscious and informed approach.

Understanding Riba in Real Estate

The Core Issue: Riba is fundamentally about charging or paying interest on money. In real estate, this most commonly manifests in conventional mortgages. When you take out a traditional loan, you pay back more than the principal borrowed, and that additional amount is interest.
How to Identify:
- Interest-Based Loans: Any loan where the lender charges a percentage of the principal as a fee for borrowing, repaid over time. This includes most standard bank mortgages.
- Late Payment Penalties: Penalties that accrue as an interest rate on overdue payments can also be problematic if structured as riba.
Ethical Alternatives: Look for financing structures like Murabaha cost-plus sale, Ijara lease-to-own, or Musharakah Mutanaqisah declining co-ownership, where profits are generated through a permissible trade or partnership, not interest.

Identifying Gharar Uncertainty/Deception

The Core Issue: Gharar refers to excessive uncertainty, ambiguity, or deception in a contract that could lead to unfair advantage for one party. It’s about avoiding transactions where the outcome is too speculative or where crucial information is hidden.
- Undefined Contracts: Contracts with vague terms regarding property condition, price, or payment schedules.
- Hidden Defects: Sellers concealing significant defects in a property.
- Speculative Investments: Engaging in purchases solely for rapid, uncertain price appreciation without clear underlying value, bordering on gambling.
Ethical Practices: Ensure all contracts are clear, transparent, and fully disclosed. Demand thorough inspections and clear property titles. Deal with reputable agents and legal counsel.

Avoiding Maysir Gambling/Speculation

The Core Issue: Maysir refers to transactions where gain depends purely on chance, without any productive effort or clear value exchange, essentially gambling. While real estate inherently involves some market risk, excessive speculation falls into this category.
- “Flipping” without Value Addition: Buying properties solely to quickly resell them at a higher price without any significant improvements or value addition, betting on market whims.
- Blind Investments: Investing in properties without proper due diligence, relying on hearsay or market “buzz.”
Ethical Practices: Focus on properties with intrinsic value, consider long-term ownership, and base investment decisions on thorough research of fundamentals location, condition, rental income potential. Property development that adds genuine value to society is permissible.

Due Diligence Checklist for Ethical Real Estate

Verify Agent Credentials: Ensure your real estate agent is licensed and has a good reputation. Ask for referrals.
Understand Financing Fully: If using external financing, scrutinize the terms. If it’s a conventional mortgage, it will involve riba. Seek Sharia-compliant alternatives.
Inspect Thoroughly: Always conduct independent property inspections to uncover any hidden issues.
Review All Documents: Read every clause in the purchase agreement, financing contract, and property deeds. Seek legal counsel specialized in real estate.
Check Property History: Investigate the property’s ownership history, any liens, or legal disputes.
Market Research: Understand comparable sales in the area to ensure the price is fair and not inflated by speculative bubbles.
Seek Ethical Counsel: If unsure about the permissibility of a transaction, consult with a qualified Islamic scholar or an expert in Islamic finance.

The Problem with Interest-Based Mortgages in Real Estate

The omnipresence of interest-based mortgages in the conventional real estate market poses a significant challenge for individuals aiming to adhere to ethical principles, particularly those derived from Islamic teachings. In Islam, interest known as riba is explicitly forbidden due to its inherent unfairness, potential for exploitation, and promotion of wealth concentration rather than productive economic activity.

The Mechanism of Interest

At its core, interest is a charge for the use of money.

When you take out a conventional mortgage, the bank lends you a principal amount, and you are obligated to repay that principal along with an additional sum, which is the interest.

This interest is typically calculated as a percentage of the outstanding principal, compounding over time.

Compounding Debt: The nature of compounding interest can lead to significantly higher total repayments over the loan term, often exceeding the original principal amount by a substantial margin. For example, a $300,000 mortgage at 4% interest over 30 years could result in over $215,000 in interest payments alone, meaning you pay back over $515,000 for a $300,000 loan.
Fixed vs. Variable Rates: Whether the interest rate is fixed or variable, the fundamental principle of charging a predetermined or fluctuating additional sum for the use of borrowed money remains the same.

Why Riba is Forbidden in Islam

The prohibition of riba is a foundational principle in Islamic finance, rooted in a comprehensive worldview that prioritizes justice, fairness, and socioeconomic balance.

Exploitation: Interest is seen as exploitative because it allows wealth to be generated from money itself, rather than from productive effort, risk-sharing, or the exchange of tangible goods and services. It disproportionately burdens borrowers, especially those in need, and can lead to financial distress.
Injustice: It creates an unequal distribution of wealth, favoring the lender who is guaranteed a return without sharing in the risk of the underlying venture. In contrast, Islamic finance emphasizes risk-sharing e.g., partnerships and reward for effort.
Economic Instability: Many economists, both within and outside Islamic finance, argue that interest-based systems can contribute to economic bubbles, debt crises, and inflation by encouraging excessive borrowing and speculation. The 2008 global financial crisis is often cited as an example of systemic risks associated with conventional financial practices.
Moral Hazard: Interest can incentivize reckless lending, as the lender is insulated from the risk of the enterprise by the guaranteed interest payment. This contrasts with equity-based financing where lenders or investors share in both the profits and losses.
Religious Texts: The prohibition is clearly stated in the Quran and elaborated upon in the Sunnah Prophet Muhammad’s teachings, making it a non-negotiable aspect of Islamic law.

The Consequences of Engaging with Riba

For an individual who believes in and strives to adhere to Islamic principles, engaging with interest-based mortgages carries significant spiritual and ethical weight. Desertjet.com Review

Spiritual Ramifications: It is considered a major sin in Islam, with severe warnings mentioned in religious texts against those who deal in riba. This creates internal conflict and impacts one’s spiritual well-being.
Erosion of Barakah Blessing: Wealth acquired or transacted through riba is believed to be devoid of barakah, meaning it lacks divine blessing and may not bring true prosperity or contentment in the long run.
Societal Impact: On a broader scale, the proliferation of interest-based transactions can contribute to social inequalities, inflate asset prices like real estate, and perpetuate cycles of debt.

Alternatives: The Islamic Solution

To address the need for homeownership without violating the prohibition of riba, Islamic finance has developed several alternative models:

Murabaha Cost-Plus Sale: The financial institution purchases the property and then sells it to the client at an agreed-upon higher price, payable in installments. The profit is a fixed markup, not an interest rate. The client owns the property from day one.
Ijara Lease-to-Own: The financial institution buys the property and leases it to the client. The client pays rent, and a portion of each payment goes towards purchasing the institution’s share of the property over time. Ownership gradually transfers to the client.
Musharakah Mutanaqisah Declining Partnership: The financial institution and the client co-own the property. The client buys the institution’s share gradually while paying rent for the portion still owned by the institution. This is a diminishing partnership.

These models demonstrate that homeownership is entirely permissible in Islam, provided the financial mechanisms used are just, ethical, and free from riba. Therefore, when reviewing a real estate website like 2020realestate.com, the absence of any reference or offering of these ethical alternatives becomes a significant red flag for an ethically conscious consumer.

2020realestate.com Pricing

When it comes to pricing on 2020realestate.com, it’s essential to understand that as a real estate agency, they don’t operate with a fixed subscription model or direct “pricing” for their services in the way a SaaS product might.

Instead, their “cost” to the client is integrated into the typical real estate transaction fees and commissions.

Standard Real Estate Commission Structures

For real estate agencies like 2020realestate.com, revenue primarily comes from commissions on property sales and fees for services like property management or leasing.

Seller’s Commission: Typically, when a property is sold, the seller pays a commission, which is a percentage of the final sale price. This commission is then split between the buyer’s agent and the seller’s agent. In the U.S., this usually ranges from 5% to 6% of the sale price. For example, on a $500,000 home, a 5% commission would be $25,000.
Buyer’s Agent Fees: In most residential transactions, the buyer does not directly pay their agent’s commission. it comes from the seller’s overall commission.
Leasing Fees: For residential or commercial leasing, agencies often charge a fee, which could be a percentage of the first month’s rent e.g., 50% to 100% of one month’s rent or a flat fee. This is typically paid by the landlord or sometimes split between landlord and tenant.
Property Management Fees: These are usually a percentage of the monthly rent collected e.g., 8% to 12% is common, sometimes higher for specialized services or smaller portfolios plus additional fees for specific services like tenant placement, maintenance coordination, or eviction processes. For instance, managing a property rented at $2,000/month at a 10% fee would cost $200 per month.
Rental Application Fees: The website mentions “Rental Applications,” and it’s standard for agencies to charge a non-refundable fee e.g., $30-$75 per applicant to cover the cost of background checks, credit checks, and processing.

Lack of Explicit Fee Schedule

A notable aspect of 2020realestate.com is the absence of a clear, explicit fee schedule or percentage breakdown on their homepage or easily accessible linked pages. This is fairly common for real estate agencies, as fees can be negotiable and depend on the specific services rendered, property value, and market conditions. However, for a comprehensive review, this lack of upfront detail means a potential client would need to directly contact the agency to understand the precise financial implications of engaging their services.

Ethical Considerations in Pricing

While the commission-based model itself is permissible in Islam as it is a fee for service, not interest on a loan, the underlying transactions need to be ethical.

Transparency: The principle of gharar uncertainty means that all fees should be clearly disclosed upfront. While 2020realestate.com doesn’t explicitly hide fees, the absence of a general range on their website might lead to surprises for those unfamiliar with standard real estate practices.
Fairness: Commissions should reflect the value of the service provided and be agreed upon willingly by both parties.
Avoiding Riba in Associated Costs: As mentioned earlier, the most significant ethical concern arises when the financing of a property transaction involves interest. If 2020realestate.com were to exclusively promote or facilitate interest-based mortgages as the only viable option, it would be problematic.

In summary, 2020realestate.com operates on standard real estate fee structures.

While the fee model itself isn’t inherently unethical, the lack of immediate transparency regarding these rates on the website, combined with the primary ethical concern of promoting conventional mortgages, means a diligent client needs to undertake further investigation regarding costs and, more importantly, ensure all financial aspects of their real estate journey adhere to their ethical principles.

How to Cancel 2020realestate.com Services General Guidelines

Since 2020realestate.com is a service-based real estate agency rather than a subscription platform, the concept of “cancelling a subscription” or a “free trial” doesn’t directly apply in the usual sense. Hazelharper.com Review

Instead, discontinuing services or ending a professional relationship with them would involve a more traditional client-service provider termination process.

Understanding Service Agreements

When you engage with a real estate agency like 2020realestate.com, you typically enter into formal agreements depending on the service:

Listing Agreement for sellers: This contract outlines the terms under which the agency will market and sell your property, including commission rates and the duration of the agreement.
Buyer Representation Agreement for buyers: This agreement establishes the agent’s role in helping you find and purchase a property, and it may obligate you to work exclusively with that agent for a certain period.
Property Management Agreement for landlords: This contract details the scope of property management services, fees, and the terms for termination by either party.
Leasing Agreement: This is a contract between the landlord and tenant, often facilitated by the agency, but the agency’s role in this is usually concluded once the lease is signed and tenant placed.

Steps to Discontinue Services

If you wish to stop working with 2020realestate.com or any similar real estate agency, here’s a general framework on how you would go about it:

Review Your Agreement: The absolute first step is to carefully read the specific contract you signed with 2020realestate.com e.g., Listing Agreement, Property Management Agreement. Look for clauses related to:
- Term of Agreement: How long is the contract valid?
- Termination Clause: What are the conditions for early termination? Are there penalties?
- Notice Period: Is there a required notice period e.g., 30 days you must give before terminating?
- Outstanding Fees: Are there any services rendered that you still owe for, or any early termination fees?
Contact 2020realestate.com Directly: The website lists multiple contact methods. It’s best to initiate contact through a formal channel, such as:
- Phone Call: Call their main office phone numbers e.g., 215.357.2020, 215.722.2020 to speak with a representative.
- Email: Use their email address waltermarchowskyatgmaildottedcom for a written record of your intent.
- In-Person Visit: If convenient, visit one of their offices during business hours.
Submit Written Notice Crucial: Following your initial contact, always provide a formal written notice of your intent to terminate services. This ensures a clear record.
- Content of Notice: Include your name, contact information, the property address if applicable, the date of the agreement, and a clear statement that you are terminating the agreement, effective on a specific date adhering to any notice periods from your contract.
- Method: Send it via certified mail with a return receipt requested, or email it and request a read receipt, so you have proof it was sent and received.
Resolve Any Outstanding Matters:
- Financial Settlement: Pay any outstanding fees for services rendered up to the termination date, or any specified termination penalties.
- Property Handoff: If it’s a property management agreement, coordinate the transfer of keys, tenant records, and any funds held in trust. If it’s a listing agreement, discuss how marketing materials will be removed.
- Documentation: Ensure you receive written confirmation from 2020realestate.com that the agreement has been terminated and all obligations met.

General Ethical Considerations for Termination

Fairness: Ensure that both parties act fairly during the termination process, adhering to the terms of the signed agreement.
Transparency: All fees and conditions for termination should have been clear in the original contract.
Avoiding Disputes: A clear, written termination notice and resolution of all outstanding issues minimize the chance of future disputes.

In essence, “canceling” services with a real estate agency is a contractual matter.

It always boils down to the terms outlined in the specific agreement you signed with them.

Without a clear contract, you could face ambiguities, highlighting the importance of always having transparent and legally sound agreements in place, especially for significant transactions like real estate.

FAQ

What is 2020realestate.com?

2020realestate.com is a real estate agency based in Philadelphia, Pennsylvania, offering a range of services including buyer and seller representation, residential and commercial leasing, and property management.

Is 2020realestate.com a legitimate company?

Yes, based on the information provided on their website, 2020realestate.com appears to be a legitimate real estate agency with multiple physical office locations and clear contact information, indicating a professional operation.

What services does 2020realestate.com offer?

2020realestate.com offers buyer representation, seller representation, leasing services for both residential and commercial real estate, property management for investors, and general real estate rentals.

Does 2020realestate.com specialize in any particular area?

Yes, they appear to specialize in the Philadelphia area, with multiple office locations and featured properties listed within Philadelphia, PA. Andlouise.com Review

Does 2020realestate.com deal with residential properties?

Yes, their services explicitly include residential leasing and management, and their featured listings showcase residential homes.

Does 2020realestate.com deal with commercial properties?

Yes, they mention “Leasing for Residential and Commercial Real Estate” among their services.

Are there any ethical concerns with 2020realestate.com from an Islamic perspective?

Yes, a significant ethical concern is the explicit link to “Mortgages” without any mention or offering of Sharia-compliant interest-free financing alternatives, which is problematic for Muslims.

Does 2020realestate.com offer Sharia-compliant financing?

No, the website does not indicate any offerings or information about Sharia-compliant or interest-free financing options.

It links directly to conventional mortgage services.

How can I contact 2020realestate.com?

You can contact them via phone at numbers like 215.357.2020 or 215.722.2020, by email at waltermarchowskyatgmaildottedcom, or by visiting one of their physical office locations in Philadelphia.

Where are 2020realestate.com’s offices located?

They have offices at 1181 Bristol Pike, Bensalem, PA. 8100 Bustleton Avenue, Philadelphia, PA. and 7913-15 Frankford Avenue, Philadelphia, PA.

What are 2020realestate.com’s business hours?

Their main office hours are generally Monday through Friday, 9:00 am to 5:00 pm, though specific hours may vary by location.

Does 2020realestate.com have an online property search tool?

Yes, the website features a “Property Search” option, allowing users to look for listings.

Does 2020realestate.com provide property management services for investors?

Yes, they emphasize their property management services, catering to investors ranging from those with a single investment property to those with large portfolios. Acumenagc.com Review

How does 2020realestate.com handle rent collection for residents?

They state that residents have options to pay online, by mail, or in person, with a 24/7 phone line for emergency services.

Does 2020realestate.com have a blog?

Yes, the website includes a link to a “Blogs” section, indicating they publish articles or updates.

Are there testimonials or reviews visible on the 2020realestate.com homepage?

No, the homepage does not prominently display direct links to third-party testimonials or client reviews.

What are the typical fees for 2020realestate.com services?

Like most real estate agencies, fees are typically commission-based e.g., percentage of sale price for sellers or monthly management fees for landlords, but specific rates are not explicitly detailed on their website.

How can I apply for a rental through 2020realestate.com?

The website has a “Rental Applications” link, which likely directs to an online portal for submitting applications.

What are the alternatives to 2020realestate.com for ethical real estate?

Alternatives include Sharia-compliant financing providers like Guidance Residential and American Finance House LARIBA, certified Halal real estate agents, Islamic property investment funds, and resources from local Islamic community centers.

How can I terminate services with 2020realestate.com?

Termination typically involves reviewing your signed service agreement e.g., listing agreement, property management agreement for termination clauses, providing written notice, and settling any outstanding fees. It’s not a simple “unsubscribe” process.