Published Articles
Best Philadelphia Condos- Top Ten
for 2009
Much like fashion, restaurants, and bedspreads at
Restoration Hardware, the popularity and demand for specific Philadelphia
condo buildings does come in and out of vogue. Though essentially a buyers
market, the following ten Center City condos have withstood the test of
time, and generally garner more interest from buyers than sellers. [Learn
More...]
Condos
near Jefferson Medical School in Philadelphia
Every spring, my phone starts ringing off the hook with students and or
parents of students who will be attending Jefferson Medical School. Many of
these folks have figured out that buying a condo in the area is a wise
investment, as opposed to a long term rental. [Learn
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The Sizzle Sells
the Condo
The anticipation of a new condo project can outweigh the
reality of the finished product, as buyers really aren’t sure of how the
finished project is going to sell, once completed. [Learn
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The Cache of Many
Philadelphia condo Buildings
...the path between the perception and value is a
short one
If the adage location, location, location were as etched in stone as it is
etched in many buyers minds, then there would be little price difference
between The Wanamaker House Condominiums at 2020 Walnut St. [Learn
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Depreciation and
Appreciation in the Center City Condo Market
As Heidi Klum would say, "One Day You Are In, and The Next
Day, You Are Out". That notion, if stretched and reworked a bit, could be
somewhat applicable to condos in Center City Philadelphia. [Learn
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Misguided Philly
Condominium Developers
Big-brained idealists with little local real estate
knowledge have been breaking ground new condominium developments in record
numbers in the past decade here in the US. Not every ground breaking is
indeed Ground-Breaking [Learn
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Spruce Street condos and Pine
Street condos in downtown Philadelphia
Along (what I have dubbed) the Spruce/Pine corridor
here in Center City Philadelphia, there are a variety of low rise/Brownstone
styled condominiums that have seemed to perform reliably well over the past
decade. From studios to three bedroom units, these condominiums resell
fairly well [Learn More...]
Your parents sold the house where
you grew up and you are not welcome in their new penthouse in Old City
You can never go home again. Especially when your
parents have unloaded that five bedroom ranch house in the suburbs in lieu
of an urban penthouse in Center City Philadelphia. [Learn
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Buying New
Construction Condos in Philadelphia can really be awful
Buying a new construction condo can really try one’s patience. From delays
in proposed settlement dates, to varying opinions of what constitutes a
finished product, can really be a pain in the butt. [Learn
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New Philadelphia
condos can depreciate
Similar to the initial depreciation when buying a new
car, condos in Philadelphia can initially depreciate, once they have been
purchased-even in a stable real estate market. There is clearly a value to
buying something new, and not used. Be it a purse, a TV, or a condo. [Learn
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....but the
home buying process may make you feel otherwise
I am sometimes
accused of being indifferent to the mental trauma thrust upon buyers,
especially first time buyers, as they drive down the fairway in life
knowing as the home buying process. [Learn
More...]
Has the condo
market been overbuilt, or overpriced?
It can be
no surprise that the condominium market in particular has drawn the
short end of the stick in the recent housing downturn. From high rise to
loft/Brownstone styled condos, the market seems unyielding harsh to the
presence of a growing number of unsold condo units. [Learn
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Center City Offers a buffet
of living arrangements.
Almost any
Center City condominium, with a smattering of exposed brick,
attempts to pass itself off as a loft. Often sought after as an
expression of one’s own style, loft living has taken off in downtown
Philadelphia. [Learn More...]
Not giving an
inch may cost you a mint in a real estate transaction.
Back in the
1960's, Tarryton Cigarettes had the saying "I'd Rather Fight
Than Switch". Personally, I think I would give up my specific brand
of cigarettes than take a solid punch in the face. But fighting is
what some folks like to do, at least verbally, and this
characteristic is often played out during the back and forth
volleying of buying or selling a home. [Learn
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Condominium Pet Policies and
Resale Value
How might the former affect the latter in a
Philadelphia condominium?
Pet policies throughout the
Philadelphia condominium landscape are as varied as the
associations who put forth their rules regarding pets. From
exceedingly liberal, to exceedingly exclusionary [Learn
More...]