April 28, 2017
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April 25, 2017
3) Hardwood Floors – Is it really? I mean technically, even pine isn’t hardwood…it’s categorized as a soft wood. The term ” hardwood floors” is seen often and you shouldn’t always believe it to be true. Could be laminate, or engineered flooring.
4) Penthouse – Is that really a penthouse? Just because the unit is on one of the top 3 floors doesn’t make it a penthouse. You’ll know a penthouse when you see one. Usually adorned with nice outside space, higher ceilings and maybe fireplaces.
5) We’re 72% sold! – A very common lie. Please don’t believe it unless the developer can whip out all legally binding sales contracts…otherwise may not be true.
6) Square footage claims – DO NOT rely upon the square footage of a condo based upon a “Fact Sheet” you get from your Realtor. You don’t know where that figure came from- The appraiser? The seller? The listing agent? The city? The man on the moon?? Come on…
7) “Fact Sheets” in general – I think it is fair to say that about 75% of the info listed on a flyer is true. The other 25%..perhaps not as much. DO NOT rely on those fact sheets. You should double check the accuracy for yourself!
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April 18, 2017
Why are some of the best deals the homes that sit and sit and sit on the market?
Because chances are, the seller is getting fatigued. I have no problems with homes that have been sitting, as long as the seller has been moving the price along with the long days-on- market.
Because if the building has more tenants than owners living in the building, the building will be harder to finance (fannie mae rules). And as a result, you’ll generally see less demand.
That is an easy one…buy ugly and sell pretty. Condition matters. Buyers don’t buy brick and mortar, they buy feelings and emotions. Make your place lovely when you go to sell.
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April 4, 2017
If I have sold you a condo, then you probably know my trusty contractor Mario. We have worked together for almost two decades and ALMOST ALL of my buyers LOVE him- which is nearly impossible odds, but they do. Here are some inside tips he puts out there:
1) Don’t hover- but please ask questions me questions. It is important that our expectations are on the same page.
2) Don’t assume something will be done if it’s not discussed and in writing. So please, let’s review our agreement and cement our understanding and expectations prior to starting the job.
3) If you add extra work, don’t be surprised it’s costing more money and your final bill is higher than the original estimate.
4) When it comes to pricing, you get what you pay for. And I
can ‘t go around other contractor’s work….what’s done is done, and to undo and start over is not going to inexpensive.
5) Treat customers how you would want to be treated. Usually I don’t care how the customer treats me… I’m the one who’s always nice. It’s just good for business and makes everything go so much better.
6) I can only work during certain hours and days in most high rise condo buildings. No way around that.
And here is what I tell my buyers who want work
done to their new condo :
Plan the “fly” and fly the plan.
…If you are looking to add time, money and frustration to the job- Just change your mind as the job goes along 🙂
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March 30, 2017
Ten Rittenhouse – Really amazing value growth & demand.
1830 Rittenhouse – It’s 1830. Enough said.
River’s Edge (2301 Cherry St.) – Buy! I think they’re undervalued.
Waterfront Square– Peace & Tranquility. Views for miles.
Murano (2101 Market St)– Prices & demand continue to escalate.
Naval Square – Huge demand. Huge.
Rittenhouse Hotel & Condominiums– What’s not to like? Really.
BridgeView Place (315 New St)– It’s just hot money. Buy Now.
Philadelphian (2401 PA. Ave.) – Values driven by interior condition & view.
Tivoli (1900 Hamilton)– Some Penthouse finally being sold off.
Center City One (1326 Spruce) – Best floor plans & Great Values!
The National (112 N. 2nd) – Soft lofts at reasonable prices & parking.
St. James Court (Society Hill) – User friendly & Cool Mod. Still Relevant.
9xx-10xx Spruce – Townhouse styled and Jefferson adjacent. Bingo.
Two Liberty (50 S. 16th St) – #1 Views and #1 model units – Gorgeous!
BHHS Fox & Roach Realtors
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March 20, 2017
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March 13, 2017
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March 8, 2017
- Neighborhood: Washington Square West
- 19 Total Condominiums
- Parking available at 11th and Clinton
- Condos are 973-1101 Sq. Ft.
- Individual HVAC with Central Air
- Washer/Dryer in Units
- Cross Streets: 11th and Spruce
- Walk Score: 97 out of 100
- Compare to: The Clinton Condos, 251 S. 24th St. Condos
Le Grenier condominiums (aka 301 S. 11th Street) is located on the southeast corner of 11th and Spruce Streets, this project arose from the ashes of a former kinda’ icky apartment building that caught on fire and burned back around 2002 or so. Le Grenier has a maximum of three units per floor…and no two units on any floor share a dividing wall- between units one and two is the elevator shaft and between the other two condos is a stairwell (so perhaps no noise from the neighbors).
We have sold four units in this 19 unit building and I think the lack of alternatives in terms of proximity to Jefferson Medical, as well as a great central location in town is really a strong “one-two” punch. Rental parking is across the street and you can ALWAYS catch a cab outside your front door at this address. I think this modern looking little mid-rise condo building is really kinda’ hip and modern and there are not many similar buildings around town like it. 1034 Spruce Street. condos max out at just over 1100 sq ft and are popular with the Jefferson Medical set due to proximity. Floor to ceiling windows provide superior light and views and the condos at LeGrenier are finished in a modern hip way with nice baths and open kitchens. And the higher floors have a killer view of the skyline. 1034 Spruce offers no amenities beyond an elevator and some bicycle storage in the basement. The lack of shared amenities equates to condo fees being reasonable. Each unit has its own HVAC system and hot water tank. The building has handicapped modifications in the lobby and a ramp. I think 1034 Spruce Street has a built-in resale market being so close to the neighboring hospitals. I would look for values to hold steady over the next decade or so and I think the units at Le Grenier are a smart buy and we have named the building one of the Ten Best in Center City 2009 .
Rarely available..buy ’em if you can find ’em!
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March 2, 2017
Here are some professional photos that I have had recently taken of some of the common areas for those who may not be familiar with the building:
Neighborhood: Art Museum Area
756 Total Condos
Most In-Unit Washer/Dryer
Unit Sizes: 448-2121 sq. ft.
HVAC Supplied by building
On-Site Rental Parking
Cross Streets: 24th and Pennsylvania
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February 24, 2017
Buyers can be a nervous lot and often crack due to cold feet, uncertainty, or perhaps being unfamiliar
with the process of buying a condo.
I am aware that it kinda’ su*ks when a buyer
waves the white flag and gives up on your condo
during the buying process.
If buyers crack they usually do so because:
1) The home inspection turns up hefty shortcomings
2) Condo docs paint a picture different from what buyers may have thought
(think pet policies, or the associations lack of funds)
3) Undisclosed pending assessments
A good real estate agent can prepare buyers for the obstacles that will occur in any real estate transaction and can help meet buyers expectations by explaining the ins and outs of condominiums here in Center City. Though not always, but experience does sometimes count!
If you are looking for a Realtor who can prepare buyers for the obstacles that are inherent in every deal and hopefully smooth out the bumps in the road then give me a call and let’s chat about selling your condo.
An educated buyer is a happy buyer. Happy buyers
are what EVERY seller should seek-
They can make your life miserable if they are unhappy.
25 years of selling here in town. I know of what I speak 🙂
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