I am often asked by sellers to help them price their condos for resale. This is often a tricky task, as there are a variety of factors that go into pricing a condo. The job is sometimes less difficult if there is a standard condo unit in, say, a high rise building. Generally speaking, most [...]
I get this question all the time. Why do condo fees vary from building to building? Generally speaking,the answer is simple, yet sometimes detailed. Let's start with what almost all condo fees (here in Center City Philadelphia) cover: master insurance policy, common building lighting, building maintenance, water & sewer, and a what I call a [...]
Having just lunched with an old college friend who lives in suburban Cincinnati, I am aware that suburban life and I are like oil and water. Though I covet her ownership of a three car garage, and unlimited access to parking at the local drugstore, I am aware that I would be "voted off the [...]
A Great Value! With 182 individual condominium units, and 86 deeded parking spots, Center City One Condominiums have a great reputation for being a solid Philadelphia real estate buy. A mix of studio, one, and two bedroom units, Center City One condos near the center of Philadelphia, at Broad and Spruce Streets, have great views [...]
Like being bumped out of first class, or getting the worst table at your favorite restaurant, being "downgraded" is no one's idea of a good time. Condominium values in Center City Philadelphia can also be downgraded. Since enjoying a popular, if not wild ride over the past decade as demand had outweighed supply, new buildings [...]
Mid Rise Condominiums (MRC's) are prevalent throughout Center City Philadelphia and generally have come about in popularity in the past 15-20 years. MRCs can be defined as buildings between 5 and 10 stories tall and may or may not have services such as a doorman, porter, a pool, or on site management, but generally they [...]
Want to work with a real estate professional who puts your best interests first? Give me a call today at 215-521-1523 or drop me an email at mark@centercity.com.
Like standing in front of home plate, a variety of potential outcomes - from striking out, hitting a single or a grand slam, or getting hit by the baseball - may occur. The outcomes of buying a pre-construction condominium from a model and a set of blue prints can have the same set of consequences. [...]
Has the condo market been overbuilt, or overpriced? Unless you live underneath a rock, 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 [...]
Or more aptly put, is it possible to offend a whole subset of Philadelphia real estate owners in one article? I think the possibility of both is worthy of consideration. Rittenhouse Square, named after David Rittenhouse- a somewhat famous, if not boorish Philadelphia historic figure of note, has been the destination for those upper tier [...]
