Twenty years ago, a Capital Contribution was a very rare line item paid by a buyer to reimburse the seller. Today, a Capitol Contribution is standard for almost any purchase, and the payment now goes to the condo association and not the seller. So…
Category: Philadelphia Real Estate
Ten things you really should know if you’re buying a condo in Center City Philadelphia
1.) Do I need a lawyer?Legally, no you do not. However, I suggest you hire a REAL ESTATE attorney as they can be helpful. What I do NOT suggest is that you hire your brother's neighbor, and is a personal…
Read More Ten things you really should know if you’re buying a condo in Center City Philadelphia
Sweeten Your Offer
It is NOT always dollars and cents that prompt a seller to sign an agreement of sale. Here are a few tips to sweeten your offer:*Shorten your settlement date if the home is vacant.*Shorten your home inspection period to 7…
Value Growth is Not Guaranteed
A small number of condos in prime Center City zip codes have not appreciated over the past decade+/- In my 33 years of selling Center City real estate, I can tell you that value growth/appreciation is a priority for most…
Killer Views – Assessing the value of a Philadelphia Condo View
If you are of a certain age, you recall that Eva Gabor on Green Acres just "Adores A Penthouse View" for which she and her husband no doubt forked over some big bucks to accommodate her desire. And who wouldn't…
Read More Killer Views – Assessing the value of a Philadelphia Condo View
Philadelphia Loft Living for Empty Nesters
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…
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. My name is Mark Wade, and I am a realtor in Center City Philadelphia. Many of these…
Read More Condos near Jefferson Medical School in Philadelphia
Putting a Value on Philadelphia Pre-War Condominiums Cache
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 Condos at 2020 Walnut St., and its high-rise condominium neighbor,…
Read More Putting a Value on Philadelphia Pre-War Condominiums Cache
Crazy Sh*t at Open Houses
Open houses are great. What a wonderful collection of folks who may at any time walk right in your front door. And each one is different from the next.... 1) The Tourist: "Oh, we're from Ohio and just visiting. We…
Staging Your Philadelphia Condo For Sale
Buyers don't buy bricks and mortar. They do buy feelings and emotions. Staging works. Adding a hint of color, some well-placed artwork, rugs, and furniture can really add that pop of visual excitement that MANY buyers crave. Use the slider…