On January 4, 2027, Fannie Mae's minimum reserve contributions for condo associations jump from 10% to 15% of annual assessment income. Miss that with no study to back you up, and Fannie Mae can mark your building "Unavailable", meaning no conventional financing for anyone trying to buy in.
The Top Three Condos Near The University of Pennsylvania & Drexel. 2200 Arch Street, 23 South 23rd Street and Locust Point are great nearby options that include 24/7 security.
There’s a disproportionate return on early cosmetic upgrades. The first dollar you spend fixing obvious issues—scuffed walls, worn floors, dated finishes—removes friction. And friction is what holds buyers back.
After 37 years in Center City real estate, the call I dread most is from a seller who accepted an offer — with another agent — and now the deal has just collapsed. Nine times out of ten, it wasn't the price or the market. It was something buried in the building.
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.
We have all heard of the things we need to do to sell our home. Get rid of the clutter, clean it up, blah blah blah... But what are some of the more practical approaches one can take to buffer the effects of the buyer's home inspection report?1) Have your HVAC system serviced. Have the [...]
As a veteran Philadelphia realtor, I hear a lot of interesting things come out of the mouths of many sellers here in our marketplace. In a softening real estate market, seller sometimes have high hopes for their often overlooked condominiums. Some attempts to sell are more creative than others, and some are just downright silly.
