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Philadelphia, PA Real Estate News

By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
Philadelphia Steals and Deals Gifts Mom Day or Just for Fun This week's choices are for women as Mother's Day is not far off. Maybe you are lucky enough to have a mom or you are a mom. Maybe you are just looking for yourself. So here you go with this week's selection. I stopped getting gel nails and acrylic nails during COVID-19. The pain of letting them grow out was horrid, and I decided that it was time. I tried so many different polishes and promises. It was not until I discovered BeautyGarde, a plant-based formula it works. It is called Rocket Nail Fuel.You put a coat of polish on every day. You can purchase directly from them or Amazon. I do not have the time to sit in a Salon for a manicure. The polish is not cheap, about $32 for a top coat, which you also use as a primer - and a ...
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By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
Tonight is the first night of Passover and Jewish people all over the World will be sitting down with their families and close friends and having a Seder dinner. What is a Seder, you may ask? It is a meal symbolizing freedom from slavery and bondage from Egypt, and each food has its own meaning. It is a tradition celebrated. The Jewish people left Egypt in haste with no time to make bread; therefore, this is why Matzo is unleavened bread. It is the Story of Exodus and there is a plate on the table that each food/herb has a meaning. You will find the story in the Bible. This is a very condensed version of what a Seder dinner is.    This year with all the turmoil in the Mideast let us hope and pray it will be Peaceful  
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Chris and I are helping 2 new clients sell their condo's in the Northern Liberties-Old Kensington neighborhood.  Little did we know when we knocked at their door who would be giving us the formal house tour. These guys are good but are definitely not included with the property! So, before we introduce our clients properties, we thought we'd introduce our fabulous new furry friends! (Above) CARBON - click on the photo to see where Carbon lives ! (Above) Bridgette - click on the photo to see where Bridgette lives ! (Above) Kittens - click on the photo to see where Kittens lives ! If interested in purchasing or selling in Northern Liberties or Old Kensington, contact Chris and Stephanie Somers at 215-400-2612 or thesomersteam@yahoo.com . ____________________________________________________...
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By Stacey McCarthy, @SmartGirlsOwn
(McCarthy Real Estate)
Parkwood Year-End Home Sale Report for 2008The average sold price was $189,000 in 2008We are currently back down to 2005 prices in value. 2006 and 2007 were an all time high for Parkwood.In 2008 home values dropped 3.5% from 2007, which was the highest average sold prices of all time at $196,000.The number of sales slipped 14% in 2008 with 82 Parkwood homes sold down from 96 in 2007. The highest number of homes sold was in 2004 at 122.6% of homes that sold last year were forclosures in Parkwood which affected the average value.Looking forward we should expect home prices in our neighborhood to continue to fall through 2009, stabilizing in 2010. This is due to the projected forclosures this year. www.BigJoeMcCarthy.com   *This information is based strictly on row homes in Parkwood. No si...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
When Chris and I are the Seller's Agents reviewing an offer to purchase property or if we are the Buyer's Agents preparing an offer package for a client, regardless to whether the offer comes from a First Time Home Buyer or a savvy investor, we want:  5 Key Items for a Strong Offer Package 1) The Agreement of Sale in full, initialed, and signed. 1 page offers are not taken as seriously. 2) A BFI statement (Buyer's Financial Information) which states the buyer's assets and liabilities as well as income and other real estate owned. 3) At least one Closing Cost Estimate or a "Good Faith Estimate" that includes taxes, mortgage fees, title fees, and any other miscellaneous fees, as well as a projected mortgage amount. 4) Escrow Money for the initial 1st deposit to be held in an escrow accou...
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By HGTV My First Place
(HGTV/High Noon Entertainment)
MY FIRST PLACE, HGTV’s hit series, is still casting for our Sixth season and we’re STILL looking for first-time homebuyers in the Greater Philadelphia area RIGHT NOW! AGENTS involved play a significant role in the storytelling methods of the show and will receive nationally televised (HGTV)positive exposure. We are looking for fun, high-energy people who are just starting the home-buying process for their first place! Our goal is to capture all the trials and tribulations of looking for, bidding on and buying your first place.  Ideal candidates will be enthusiastic buyers with a great story to tell and a desire to share their experiences. Singles, couples and families are all invited to apply!  Candidates who are chosen for the show will also receive a unique HOUSEWARMING SURPRISE that...
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Dr Hanh Vo, Broker, e-PRO | Vihi Realty Co. | 267.664.2689 1135-43 S. Broad st, Philadelphia, PA Prime location corner Diner restaurant Retail/Commercial offered at $1,850,000 Year Built 1960 Sq Footage 4,300 Floors 2 Parking Uncovered spaces Lot Size 14,100 sqft Maint $0 per month DESCRIPTION Just 1 minute from center city of Philadelphia, Well-known corner facility is on 14,171 sqft lot right on Broad street with parking in front and in the rear. Super location with walking distance to Kimmel center, Theaters, Avenue of the Arts, High rise condos, Shopping, schools…public transportation is right at the front. Dining area with capacity for 144 people . Banquet area for 140 has been rented for parties, special events… for weekend. Large 3 offices and 2 full baths can be used for office...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 13, 2009   Philadelphia Active 8313 Pending 1249 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3408 Pending 413 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4576 Pending 560 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2981 Pending 430  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.  
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
HGTV. Flip That House. Step Aside !  Meet the real American Idols in Philadelphia. I am referring to 2 clients that Chris and I helped purchase their first home in Old Kensington.  We first met Ramona as she pulled up to us on her bike the day she became our tenant.  A year later we met her partner Matt (www.mattdimon.com) and ended up helping them purchase their very first home, a huge distressed property a few blocks from the apartment.   Ramona and Matt were looking for something completely unique, a space that would serve as a working studio and a home.  They opted for a FHA 203K loan program which is somewhat like a construction type loan. The buying process, unlike American Idol, was no song and dance. It was a challenging on many levels.  As a condition of the loan, Matt and Ramo...
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By Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches
(RE/MAX Preferred)
I love it over at facebook, and my cousin Joe Carlini sent me an invitation to join a group called Gravy Wars, South Philly Food Feuds and Attytudes.  Growing up, we always called the red sauce you put on pasta (macaroni for us South Philadelphians) gravy.  It wasn't until I was an adult that I realized that for the majority of people in the area, gravy was brown and you put it on roast beef.  Well, we call that brown gravy! If you are having a seafood sauce, my mom always called it seafood gravy.  Just putting crabs in it... crab gravy.  Very simple. Of course, this was only one of the many things that I realized was different about me than my non Italian friends.  When I go out to lunch, I love to get soup and a 1/2 of a sandwich.  Now, when the menu says, your choice of bread. to me ...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 12, 2008   Philadelphia Active 8293 Pending 1240 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3401 Pending 411 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4558 Pending 553 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2960 Pending 420  3rd Qtr Average Price $284,600 DOM 64 Call for commercial and multiuse activity reports.
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Dr Hanh Vo,Broker owner, e-PRO | Vihi Realty Co. | 215-271-1035 or 267-664-2689 6350-6354 Saybrook Avenue, Philadelphia & Subburbs, PA Retail/Commercial offered at $275,000 Year Built 1930 Sq Footage 6,000 Floors 1 Parking Unspecified Lot Size 13,875 sqft Maint $0 per month DESCRIPTION Total 4 properties are in one deed for sale or leases. This sale is including about 6000 sqft building needs renovation and 7500 sqft paved parking lot. Nice opportunity to purchase it all and open a business center or a retail businesses strip mall. The piece of land has 185 feet frontage and two corners on 64th street. Zoning is commercial. You could imagine and open a Laundromat, a restaurant, an auto repair, an auto details...or something new. One of the owners is a Real Estate Broker see additional ...
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Dr Hanh Vo,Broker owner, e-PRO | Vihi Realty Co. | 215-271-1035 or 267-664-2689 1429 S. 19th street, Philadelphia & Subburbs, PA 4BR/2.5BA Multi-Family, 2 units offered at $219,900 Year Built 1925 Sq Footage 2,196 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking Unspecified Lot Size 1,206 sqft HOA/Maint $0 per month DESCRIPTION Priced as a foreclosure but it is a better than new total renovation 2x2 corner duplex in most sought South Philadelphia. It is in an excellent location in south Philly just a few minutes driving to center city, Washington avenue business areas, and major highways 95, 76. This large corner house has a beautiful set up and total redone with central air, central heat, new floor, modern kitchens, new appliances, new bathrooms, new bedrooms, new electrical, c...
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By Peter Lavelle REALTOR®, Your Home SOLD 4 Times Faster Than MLS Average
(eXp Realty (888) 397-7352 Ext:1148)
Current Residential Real Estate Activity January 9, 2008   Philadelphia Active 8275 Pending 1254 3rd Qtr Average Price $182,100 DOM 65 Bucks County Active 3403 Pending 415 3rd Qtr Average Price $359,300 DOM 68 MontCo Active 4544 Pending 555 3rd Qtr Average Price $346,500 DOM 66 DelCo Active 2952 Pending 429  3rd Qtr Average Price $284,600 DOM 64
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Northern Liberties Real Estate Stephanie and I have been admiring the development of this great building by Tower Investments in Northern Liberties (first 2 photos) .  So today we took some of the photos to share on our blog.  Also, the last photo was a nice view of Liberties Walk last night before we went out to dinner at Dos Segundos .  The photo was taken after getting a haircut at DNA Salon .  To the left is 1-Shot Coffee (our favourite coffee in the neighborhood !) and to the right is Brown Betty which has the most delicious cupcakes in Philly ! We love living in the neigborhood and are very bullish on Northern Liberties real estate in the future - as is Business Week - see Business Week's top 15 places to buy real estate .                                                           ...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Short Sale Challenges and Success in Graduate Hospital  (Philadelphia Real Estate) On December 31, we had a short sale miracle !  One of the toughest short sales we have been involved with in Graduate Hospital settled on new years eve !   Listing a property as a short sale typically brings with it great challenges.  Your chances of success are diminished due to all the hurdles that you can go through to get to settlement.  It becomes a business decision for the agent to decide when they take the listing if it makes sense to move foward or to pass.  If it does succeed, one more short sale does mean one less foreclosure ! In this case, the seller's bank took forever and a day to approve the deal.  One of the reasons for the delay was that this was one of the banks that is pretty much not ...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
5 Extra Steps When Purchasing an Investment Property in Philadelphia   This post was inspired by a recent Trulia question we answered .The "extra" steps needed to buy an investment property in Philadelphia for the purpose of renting are all about the professionals you surround yourself with and anticipating the future.   1) Determine if you want your property under a corporate name or your personal name. Your accountant or lawyer can possibly advise you on the benefits of each. 2) Make sure your home owners insurance policy covers your needs as a landlord. The homeowner policy you purchase should take into consideration vacancy coverage in addition to the typical fire and flood. Consult a professional and ask about their policy on making claims due to negligence of a tenant, neighboring...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Short Sale Challenges and Success in Somerton (Philadelphia Real Estate) Listing a property as a short sale typically brings with it great challenges.  Your chances of success right from the beginning are diminished due to all the hurdles that you can go through to get to settlement.  It becomes a business decision for the agent to decide when they take the listing if it makes sense to move foward or to pass.  If it does succeed, one more short sale does mean one less foreclosure !   On December 30th, we had a successful settlement for a property that was a short sale in Somerton (Philadelphia Real Estate) from a listing that we initially put on the market in March 2008.  After 3 buyers and many hurdles, the goal was accomplished ! Below is the story of the deal: 1.  Listing taken in Ma...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
 5 Steps in Choosing a Realtor to sell your property Over the Christmas holiday, I was inspired to write this post as my parents announced their interest to sell their home in a different state.  I found myself doing the 5 steps below to help them find the best listing agent for their needs.   Selling your property in today's market requires much more skill and marketing expertise by the realtor you choose to represent you.  Several years ago, it was much easier as all your realtor really needed to do was list the property on the Multiple Listing Service (MLS) and wait for a deal in a few weeks, or often a few days !    Back then, every realtor looked like an expert no matter their level of expertise.  Now it is much more critical to have expert representation to navigate through the ma...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Happy Holidays Stephanie and I had a great time taking a break for the XMAS holiday and visiting our parents as well as my sister and her family in Midlothian, VA.   The holidays are a great reminder in terms of how important family is as well as how important it is to take a break from the crazy real estate market from time to time. Below are some of the photos from XMAS day !   Ty received a cereal box that had a serious special suprise inside !                          Zach received some deodorant that will definitely make him more popular and will have him wanting to use that same brand year after year.                   Lynn Christine received some lip gloss that had a treat inside it !                             Kara and Doug enjoying some coffee post-dinner on Christmas Eve.    ...
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By The Somers Team, Delivering Real Estate Happiness
(The Somers Team at KW Philadelphia)
Christmas Cats One of my favourite things to do when I visit my parents in Midlothian, VA is to relax and enjoy some quality time with their 2 Maine Coon Cats, Oscar and Katje.  Our cat Charlie (an Active Rain star) has a little Maine Coon him as well. Below are a few photos from this past XMAS of Oscar and Katje:               I hope everyone had a fantastic holiday visiting friends, family and of course pets ! ________________________________________________________ The Somers - Philadelphia Real Estate The Philadelphia Real Estate Blog Click here to receive our Blog updates via email !    
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