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: Buyer Advice
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…
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…
HGTV Shows I would Like to See
I like HGTV. I think their shows are timely, relevant, and interesting. A nice combination of education and entertainment centered around a topic that everyone likes to talk about – Real Estate. Here are some ideas I have for TV programs…
Making Your Offer As Attractive It Can Be
Here are some tips for making your offer on your potential new home as attractive to the seller as it can be: 1) Get a pre-approval from the mortgage company that the LISTING agent uses most. This will allow the…