Philadelphia Real Estate Blog

Center City Philadelphia
Condos and Lofts

 

Subscribe To Receive
 Blog Updates By Email

Calendar

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
 
 

October 10, 2007

My Buyers Don’t Want Your Ugly Center City Condo

Filed under: Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 9:34 am
I wish they did. I wish they would buy the ugliest condo I can find them. Red Formica coupled with plaid linoleum was hot at one time. But NOOOOO….my buyers have to have stainless, granite, and $3000 built-in Miele coffee makers. Not that there is anything wrong with that.
In a market like Center City (downtown) Philadelphia, condominiums that show well, sell well.  The composition of the buyers is basically that of urban professional. The kind that are fully grown, and don’t own a lawnmower, have never used their convection oven, and don’t care to learn how to use their convection oven. Nor do they possess a desire to get familiar with a hand tool, like a screwdriver or a saw.
They will spend top dollar on Center City condominiums and lofts that show well, and are newly upgraded, and Philadelphia condos that lean toward the luxury, kind of urban, feel. The urban professionals work hard, and don’t have the spare time or knowledge necessary to upgrade the unit themselves.
WHEN IN ROME……..
Buying someone else’s cosmetically inferior Philadelphia condominium or loft can yield great savings. Generally, if the condo needs $10,000 in work, it will sell for $20,000 or more UNDER what similar Center City condos are selling for (that don’t need work). However, this is generally NOT what my Center City condo buyers are looking for. They work a lot, make good money, and would rather have someone else upgrade their new penthouse or luxury Philadelphia condo. And the thought of owning a power tool would send them over the edge.
It is a great day when I can sell a real stinker of a condo. May the linoleum in your new Philadelphia condo floor rise up to meet the acres of Formica on your countertops!

Retro Center City Philadelphia Kitchen with Formica and Linolium 

Whether you want a luxury Center City condo or an ugly "handy-man" condo, I can help you find the perfect condo to fit your needs. Give me a call today at 215-521-1523 or drop me an email at mark@centercitycondos.com.

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St. Philadelphia, PA 19106

• • •

No Comments »

No comments yet.

Comments RSSTrackBack URI

Leave a comment

 
 

530 Walnut Street, Suite 260
Philadelphia, PA 19106
Direct: 215.521.1523 ~ Office: 215.627.6005
Fax: 215.627.3142
Email: Mark@CenterCity.com
Copyright Mark Wade | All rights reserved.
Site Admin | Log Out