September 23, 2013
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September 16, 2013
Trulia, Zillow, etc… Really?
Perhaps you could just
Rub A Magic Lamp
to determine Center City Condo Values….
I think the methods used by many Online sites to show specific area condo values is just horse crap. You would have to be kinda’ simple to believe that the emotional punch of a condo is not going to seriously affect it’s value. Selling factors such as price, days-on-market and demand can be heavily influenced by a condos Showing Ability, Floor Height, and View. I know of no on-line real estate site that can take these factors into account …therefore possibly throwing off estimates of value for a Center City condo. And you can’t logically argue that value is “generalized within a given zip code”. That would be folly.Because if that were the case, then “1830” and The DORCHESTER values would be more in line with one another. Throw the emotional punch or lack thereof into the mix and you have an exceedingly wide chasm of values and trying to generalize those values might prove daunting.
And another example of how miscalcuations can also be achieved……
Over the past 3-5 years,many local publications have declared that the Center City zip code of 19102 has blossomed in terms of value growth. Really? I would suggest that the additions of The Ritz Carlton, the Aria, The Ellington, and The Grande have artificially bloated their calculations of area values, average sale price, number of sales, etc moreso than true appreciation could ever have mustered.
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September 9, 2013
You know you want to. All my buyers do….it is just part and parcel in terms of the buying process. Believe me when I tell you that you are going to be tortured. Mortgage lenders have rules they have to follow, and these loans are sold on the secondary market via Fannie Mae….and of course they have their rules as well.
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September 4, 2013
There is no such thing as a Sure Thing. No surprise there. But time and time again I see Philadelphia condos where the seller has spent money in order to hopefully improve the resale value of their condo. In most instances, condo owners upgrade for their own Use and Enjoyment- but some do improve with the goal being a higher resale value. Here are common upgrading mistakes I see in the Center City Condo marketplace:
I suggest you throw some money into what buyers seem to always remember:
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