Philadelphia Real Estate Blog

Center City Philadelphia
Condos and Lofts

 

Subscribe To Receive
 Blog Updates By Email

Calendar

March 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
 
 

August 19, 2008

How reliable is the information given, on any number of Philadelphia condos?

Filed under: General Real Estate,Of Interest to Buyers,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 3:56 pm

As a longtime Philadelphia realtor, I am often asked a number of questions about various condos in Philly, and I want my blog readers to know a few things about buying or selling real estate in Philadelphia.

1) The “Days on Market” figure on any mls sheet (“DOM”) may be misleading. Sometimes sellers will pull their condo off the market for a few days, in hopes of resetting that “DOM” figure. Easily overridden by a realtor. Simply hitting the “History” button associated with that particular listing on the internet will give you a clear picture of the MLS history of that (say) Rittenhouse Square condo. So make sure you ask your realtor to show you the history of any given listing.

2) As I have said in prior blog entries and podcasts, make sure you measure the Center City condo you are going to buy to get your own idea of the square footage. Many MLS sheet omit this figure altogether, and are realtors are not required to submit such info to the MLS.

3) Parking- deeded, or assigned? Again, I did an entire blog on this issue. Many realtors will use those definitions incorrectly. Deeded means you have a separate tax bill, and you can sell the space off to anyone. Assigned generally means that the spot transfers with your title, which is not a bad thing.

4) Claims of a property being Historically Certified. Best story ever- once a prominent Center City realtor sold a Society Hill home, and claimed it was historically certified. Without being able to substantiate such a claim, when pressed, she declared the home to be “historically certifiable”. Nice. If such claims are made to you, get it in writing. Ask for documentation when writing the offer, should such a designation be of value to you.

So there you have it. If you are looking for more insight into the Philadelphia Center City condo market, give me a call at 215.521.1523 or drop me an email at Mark@CenterCity.com. I will be sure to fill you in on the information I have in my brain!

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

Tags: , , , , ,

• • •

4 Comments »

  1. sun valley resort…

    I discovered your site on faves.com bookmarking site…I like it and gave it a fave for you, I’ll be checking back regularly…

    Trackback by sun valley resort — September 21, 2008 @ 3:37 am
  2. investors business daily…

    This is a great site, I’ll give a fave on faves.com…I’ll be checking back later…

    Trackback by investors business daily — September 26, 2008 @ 8:42 pm
  3. […] – bookmarked by 2 members originally found by djurban on 2009-01-18 How reliable is the information given, on any number of Philadelphia… […]

    Pingback by Bookmarks about Sheet — February 9, 2009 @ 11:15 am
  4. […] >> footage Sadness (Wii) Footage – The Game Exists! First saved by guevarani | 5 days ago How reliable is the information given, on any number of Philadelphia… First saved by nabeelyoosuf | 9 days ago Quake Live footage leaked First saved by SlyCrayon | […]

    Pingback by Recent Faves Tagged With "footage" : MyNetFaves — April 25, 2009 @ 6:35 pm

Comments RSSTrackBack URI

Leave a comment

 
 

530 Walnut Street, Suite 480
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