It's a buyer's market. Is that a true or false statement? Hmm...I would imagine many would say it is true. So I asked a few people what they thought. See my video clip:
Looks like most people believe that it is TRUE that we are in a buyer's market but I beg to differ and I challenge the popular belief, particularly in my Philadelphia Real Estate Market.
In a video clip I did a few weeks ago, I featured one of my clients as he was looking at trinity homes in Queen Village and Bella Vista. Recently we wrote an offer on one of the properties he viewed. This property was on the market for quite some time and needed a decent amount of home improvements and updating. But just as we worked out an agreeable written offer for the seller, two more offers from other buyers came into the picture! What are the chances? I thought this was a buyer's market!
Well, the chances are clearly better than what most people think. Multiple offers are not a thing of the past in Philadelphia, even in this so-called "buyer's market". A multiple offer situation will often occur when the subject property is #1- priced right and #2- is located in a highly desired location. These two key criteria when combined create a powerful win-win scenario for a savvy buyer whether they are a first time home buyer, a seasoned home owner or a Real Estate Investor.
I always say to my buyer clients, if you love this home enough to write an offer, someone else probably does, too. Therefore if you are considering writing an offer on a home that is priced right and located right, then be prepared to write a strong and fair offer and do not delay. Timing is often everything.
701-703 N 2nd Street is up for grabs! You've walked by it a zillion times, and now you can own it. On the same block as Green Eggs Cafe, Palm Tree Market, and Architectural Antiques Exchange.
Great Corner location. C3 Zoning. Building / Warehouse with lot located on the hottest commercial strip in Northern Liberties. This warehouse was once used as a meat packing plant/butcher shop. Most recently used for storage. There is an upper floor office space with bathroom. The warehouse is being sold as a package can with the lot 701 N 2nd St which is also zoned C3. The lot dimensions are 18x75. The warehouse dimensions are 18x97. Taxes for the lot 540/yr. Taxes for the warehouse 3,018/yr. Many possibilities!
Contact the Somers Team for more information.
9576 State Rd, Unit B is back on the market!
Welcome to this lovely upstairs unit - 2 bedroom condo with a great view and garage at River's Bend in the East Torresdale river side community. Walk to Glenn Ford Mansion or Fairmount Park's Historic Fluehr Park and let's not forget Three Monkeys Restaurant.
This condo offers wood floors and a large open layout with a large living room and dining area overlooking the park. The kitchen is updated with granite counters, all appliances included, and ample cabinets and counter space. 2 spacious bedrooms have wall to wall carpeting, ample closet space, and 2 full baths. The master bedroom has its own private full bath. The 2nd bath is located in the hall. Private laundry room with washer and dryer included is located on the lower level 1st floor. That level is also where your private one car garage is located.
Enjoy the low maintenance, easy lifestyle, and affordability of this condo! (Low 95/mo condo fee!)
Come check it out! Contact the Somers Team for more information.
A large 4br 1.5 bath, 1719 N 3rd Street is a 3 story in Old Kensington on a great block close to public transportion and Northern Liberties. Parking is a breeze on the wide block. Updated property with new bamboo floors on first floor in living room and kitchen. Kitchen is brand new with granite countertops, new appliances and custom cabinetry. New 1/2 bath in first floor which is convenient when guests are over. Huge backyard - super for pets or summer bbq, or gardening. 2nd floor has 2 large bedrooms and 3rd floor has 2 large bedrooms with ample closet space. Very large full updated bath on the 2nd bath with new tile and vanity. Washer/Dryer on the 2nd floor. Full basement which is great for storage. Central air will be installed at the time of move-in or right before move-in.
Available immediately for only $1,400! Owner is a Licensed PA Realtor. Agent: Need first and last month and security. Applications can be emailed to [email protected] with $35 application fee sent to the office.
Contact the Somers Team for more information.
This is Where It's At: 1731 N Marshall Street is located in the burgeoning Old Kensington Neighborhood sandwiched between Temple University and Fishtown and Northern Liberties just to the South.
Come On In: This large 4 bedroom, 3 story home has been renovated. Features include hardwood floors in the living/dining area, ceramic tile kitchen and granite counters. There is ample space in the newly installed wood cabinets. The upper floors have wall to wall carpeting and a shared hall bath that has been completely updated. There is 1,700 square feet of space making it great to share with a roommate.
Priced to sell quickly at $130,000. First time home owners welcome! Contact the Somers Team for more information.
Poplar Point located at Poplar Street and New Market in Northern Liberties are 2 side by side New Construction homes that will be hitting the market. This is a preview of the interior. Check back for the listing in the next couple of weeks! Curious? Contact the Somers Team for more information.
Accordion music, tea cocktails, and snacks? Sounds like the Random Tea Room 4th Birthday Party to us! On Thursday, March 1 from 7-11pm, join everyone's favorite tea lounge in Northern Liberties as they celebrate four years of brewing up yummy spiced assam on 4th Street.
The Random Tea Room is located at 713 N. 4th Street between Fairmount and Brown Street in Philadelphia.
Please visit www.therandomtearoom.com for more information.
Today's tips are from our own Chris Somers during his training session on sales and motivation at Remax Access in Northern Liberties this week.
Need a 4 Bedroom Home for less? 1719 N 3rd Street is a sweet family-or-roommate-friendly deal at just $1,600 per month.
This Large 3-story 4 Bedroom 1.5 Bath Rental in Old Kensington is on a great block close to public transportion and Northern Liberties. Parking is a breeze on the wide block. This is an updated property with new bamboo floors on the first floor in the living room and kitchen. Kitchen is brand new with granite countertops, new appliances and custom cabinetry. New 1/2 bath on first floor is convenient for guests. Huge backyard - super for pets, summer BBQs, or gardening. 2nd floor has 2 large bedrooms and 3rd floor has 2 large bedrooms with ample closet space. Very large full updated bath on the 2nd bath with new tile and vanity. Washer/Dryer on the 2nd floor. Full basement which is great for storage. Central air will be installed at the time of move-in or right before move-in. Available immediately. Owner is a Licensed PA Realtor.
Come check it out! Make your appointment today with the Somers Team.
Modo Mio. Paesanos. Monsu. Il Porto. Popolino? Italian-lovers, get out your BYO wine totes and say Cin Cin, because Peter McAndrews is readying to open his next Philadelphia-area spot at 501 Fairmount Avenue. The chef-owner has chosen the former Lafayette Bistro space in Northern Liberties as his location for Popolino, a Roman concept that will feature an antipasti bar and an emphasis on offal. McAndrews is also partnering with Stephen Flis, most recently a server and Resident Cheese Expert at the Fountain Restaurant in the Four Seasons Hotel Philadelphia. Flis will man the front-of-house, and of course, there will be a cheese plate on offer.
Seeing as it's ever more difficult to snag a reservation at Modo Mio, Northern Liberties should be a welcoming host to another helping of McAndrews' inspired rustic fare. Popolino opens in early March.
Some of the menu highlights:
Fried Calamari with Dates, Hard Cooked Eggs, Mint and Garum
Veal Saltimbocca with Prosciutto and Fried Sage
Tavole Calde (or “Hot Table”) which is a staple in Roman Trattorie, a large table of room temperature dishes, consisting of house made salads, pickled or marinated vegetables, cured meats and fish
$40 Menu Turista, antipasti or the tavole calde items, primi piatti (pasta), secondi (main) and dolce (dessert)