Philadelphia, PA Real Estate News

By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
The first ever Philadelphia Inquirer National Sudoku Championship hosted by Will Shortz takes place October 19- 21 at The PA Convention Center! It's a wonderful family event and fun for puzzle lovers of all ages! Plus over $18,000 in prize money! For details, registration, and to listen to a Will Shortz podcast visit http://lyris.philly.com/t/16970/1231569/90/0/ today!   (Source: Philadelphia Inquirer)For more information about Sudoku resources online, see my previous article, BreakTime: Sudoku Online For real estate resources, help and support services in acquiring or selling properties in New Jersey, Visit my web site: LawrenceYerkes.com    and visit Besthomes-NJ.com to shop for the latest New Jersey Real Estate property listings (Residential, Commercial, Multi-Family, Farm, Land).   ...
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By Sheri Curci, Here to be your 24/7 realtor!
(RE/MAX Properties Ltd)
A Happy Client Settled 6-26-07Sheri & John,You worked very hard to sell our house and went above-and- beyond what any of the previous did.Sheri, thanks for yesterday. You showed a lot of class and professionalism at the settlement. It's too bad that the same can't be said about Maureen and Marie.You know that we will definitely refer you if the opportunity arises!John, thanks for the extra help with the neighbor.Andrea Another Happy Client.....Settled 6-25-07Hi John,  Just wanted to drop a quick note to say THANKS for everything... We really appreciate it.   Hope you have a great time in Mexico!!   Also  - we aren't going to keep that mirror -- so if your interested or I think you said you knew someone who could be interested in it - let me know and I'll move it to the garage - and you ...
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By Frank Jacovini
(Philator.com, REALTORS)
Existing home sales feel 2.6% in April to an annual rate of 5.99 million compared to expectations for a rate of 6.12 million.  Existing home sales remain 10.7% lower than year ago levels.  The inventory of homes for sale shot 10.4% higher to 4.2 million properties which represents an 8.4 month's supply at the current sales pace which has pushed the days on market higher.  Prices fell slightly with median prices dropping 0.8% and the average price down 0.3% over the last year.    The correction taking place is expected to extend through the rest of this year as tighter credit standards weigh on demand and super high inventory levels weigh on prices.   It probably will be, ironically enough a substantial drop in home prices that will help restore demand and put the recovery in place. Sinc...
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By Frank Jacovini
(Philator.com, REALTORS)
It is that time again!  The end of a month.   The reason it holds significance is that most, if not all settlements are scheduled at the end of the month.  Why?  Well in another blog post I'll explain it in detail, but lets just say for now that buyers "think" it is cheaper to settle at the end of a month as opposed to say mid month.   Anyway, this is the point in a transaction when everything comes together and with that the last minute "problems" arise.   If you hired an experienced "REALTOR", then most, if not all the problems are dealt with behind the scenes and the client has no idea what is being done in their behalf.  If you are going it alone or you bought a "FISBO" (for sale by owner) then you need to deal with the problems.  The thing you need to remember is that there are ver...
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By Frank Jacovini
(Philator.com, REALTORS)
Well here goes.  My attempt at journalism!  At this blog I will try to be a resource for buyers and sellers alike.  I hope to offer insights, answer any questions and pose some helpful tips when it comes to the buying and selling process.  The old adage, "You don't know what you don't know" certainly holds true when it comes to real estate and the very complex transaction.  In fact I've been doing this now for 15 years and still come across something new once in awhile.  So if you would like to participate, please do! Ask anything you like or just read along.
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By Bill Lublin
(CENTURY 21 Advantage Gold)
      A lot of landlords are anxious to rent their properties, especially if they only have one or two rental units. If a tenant approaches them that speaks well, appears clean and polite, and seems to be "a nice guy" they will sometimes forget to be prudent business people. And that is when they really get into trouble.     In the current economy, homeowners are not the only ones who feel the pinch. Many renters become bad pay when they have always had good records before. While there are no magic formulas to insure good tenants, there are some practical guidelines to follow.When a tenant applies for any apartment, it is imperative that the landlord perform a thorough background examination before they decide to rent to them. If the tenant tells you that they just arrived in town, or t...
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By Bill Lublin
(CENTURY 21 Advantage Gold)
Lat Blog talked about preparing your home to show, now lets review a few more idea. There are some improvements you can make that don't cost a thing.  You can make your kitchen counter look larger by removing some of the items that are only used occasionally when you cook that are left out on the counter as part of your decor.Try to remove unneeded clutter from all of the rooms so that the potential purchaser doesn't underestimate the size of rooms or closets. A very simple method can create some additional cash and remove some unneeded clutter. Have a garage or yard sale! Go through your house and remove for sale  anything that you don't want to pack or move. Pick a weekend and have your garage sale for two days to allow for possible bad weather. After the garage sale, throw out or giv...
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By Bill Lublin
(CENTURY 21 Advantage Gold)
We all know that when you buy a home, you generally make one of the largest purchases you have ever made. The flip side of that coin is that when you sell your home, you are selling the largest asset you possess, and you need to maximize the return on that sale. Therefore, when preparing to sell your home, it becomes necessary to look at your home as a product to prepare for sale. You need to divorce yourself from the home emotionally and objectively analyze its advantages and disadvantages.Your real estate agent is trained to make suggestions to help you through this process, but it helps simplify the operation if you have a basic understanding of the principles involved.  The basic idea is  very simple. Without being deceptive, you want to emphasize the positive features of the proper...
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By Dee Neal, Atlanta Area Real Estate
(Palmer House Properties)
It's rough selling a home. So I've complied a list of things that should probably make your process a little smoother. While my words aren't the end all be all of home selling, I'm sure you can get some good use of this advice.1. List it: Home sellers should research and interview agents and choose the best one to suit their needs, market the property accordingly, and advise the best selling price. It is always good to leave the selling in the hands of a professional. Homes with agent representation selling quicker than those sold by owner.2. Inspect it: Make sure to get an inspection of the property. This can uncover any problems that may interfere with closing. Be careful in choosing an inspector. Hopefully your real estate agent will have a reputable inspector on their team who will ...
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By Dee Neal, Atlanta Area Real Estate
(Palmer House Properties)
Ya know, I can't figure for the life of me why a listing agent would start marketing a property before it is ready. Ugggh, this bugs me and is quite embarrassing. Check it out.Scenario 1: I find a property that I think my buyer will like. It looked lovely from the outside on the ONE PICTURE in the mls. So we go see the property and not only did I have trouble getting in because of the damaged and outdated lock box but the property was filthy. Granted the owner was elderly and had just moved out a week ago to a nursing home but she had 5 adult children. Why didn't the listing agent make them get that property ready to show? Scenario 2: I'm taking a picky buyer out and the property looked good from the pics in the mls. When we get there, it was clearly apparent that his property was a qui...
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By Dee Neal, Atlanta Area Real Estate
(Palmer House Properties)
Ya know. When I was younger, I'd say about 20 or 21 yrs. old (lol, put your calculators away, i'm still kinda young. hey didn't ya hear? 30 is the new 20!) I use to work for a bank and one of my regulars was a real estate agent. We use to have so many wonderful conversations when she came in depositing her commission checks. In our time, I came to know virtually her whole life story. For some reason, this happens alot too. Anywho, I noticed how she would always try to sway me the real estate way. She'd say, "Oh Dorreatha, you really need to be a real estate agent. You're good with people." I remember thinking to myself while maintaining my smile, "This lady must be wacko, I'm not selling shit. I hate selling." I never thought I'd be any good at selling. So I would just thank her for hav...
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By Christopher Talvacchio
(Coldwell Banker Preferred)
Bank of America's March real estate survey came out yesterday. Email me for the full survey. The results for Philadelphia were not surprising: most agents found March's activity to be very close to February's, or slightly higher, due to a seasonal uptick. Philadelphia remains a vibrant, stable real estate market, with more growing neighborhoods than shrinking ones. The May 15th primary election is quickly approaching, and the candidates' campaigns are in full swing. I've had some face time with mayoral candidate, the 1st district council challenger and an at-large council challenger. To a person, the issues mentioned were: ethics and governmental transparency, taxes, crime, education, and real estate. These are the usual touchpoints for any candidate for office, but here in Philadelphia...
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By Rich Schiffer, Referral Agent, e-PRO
4 homes in the Germantown area of Philadelphia, have been incorporated into an educational program called History Hunters.History Hunters runs a literacy-based educational program that takes students to four historic homes throughout the school year. Students explore such topics as:  how early settlers and Native Americans interactedi, how children lived long ago, escaping from slavery on the Underground Railroad, and how one house in Germantown became the center of a fierce Rovolutionary War battle. Check out their programs, and "Join the Hunt for History in your own backyard!"  
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By Rich Schiffer, Referral Agent, e-PRO
Many people who buy homes or rent in the Philadelphia area choose this region because of its rich rock and roll music roots.  Philadelphia is a major stop on many performers' world tours, and we also have had many home-grown stars, who got their start in the niteclubs throughout the region.  Philly rock fans take their music seriously, and some are avid concert-goers with quite a collection of memorabilia.  If you are one of those serious fans, then this event is for you:To Benefit the Elizabeth Glaser Pediatric AIDS Foundation, WMGK (102.9 FM), one of Philadelphia's outstanding clasic rock radio stations, is sponsoring the "7th Annual 102.9 WMGK Classic Rock Art Show" From March 2nd, through the end of the month, the rotunda at the Shops at Liberty Place (16th and Chestnut Streets in C...
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“Squash” was invented in England in the 1850’s and today is known for being one of the fastest growing, prominent sports. Our affiliation with Squash is a natural synergy based on the affluent players and spectators that mirror the clientele served by our network’s brokers. This sponsorship is a unique opportunity that provides us with international exposure through cooperative advertising as well as extensive onsite presence. This year’s prestigious event will take place: March 30th - April 1st Philadelphia, Pennsylvania, USA For more information please contact - Kristin Rowe at +1.973.407.5284
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By Nick Vandekar, 610-203-4543, Tredyffrin Easttown Realtor, Philly Main Line
(Long & Foster Real Estate Inc 610-225-7400)
PA Property Tax/Rent Rebate ProgramThis year, thousands of additional local residents will be eligible for hundreds of dollars in property tax and rent rebates. In 2005, Pennsylvania lawmakers expanded the number of residents eligible for a $650 rebate on their property tax or rent payments. Under the new guidelines, seniors, certain widows or widowers, and disabled residents with an income of less than $34,000 may qualify for a property tax or rent rebate. To apply for a rent rebate, PA residents must submit a completed application form to the Pennsylvania Department of Revenue. More information can be found at the following site: http://www.revenue.state.pa.us/.  
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By Martin Millner
(Coldwell Banker Hearthside)
As I mentioned in my previous post, one of the things I love about being in Bucks County is the proximity to both Philadelphia and New York.  Yardley,  which is where I live, -- actually Lower Makefield Township, which has a Yardley mailing address -- is only about 35 minutes from center city Philadelphia on a Saturday evening.  If you are not familiar with Philadelphia it is a wonderful city to explore.  World-class restaurants, fabulous orchestra and concert halls, great music and much more. However, our sports teams are not so great. Following Philadelphia sports teams is a soap opera unto itself.  Last evening my wife and I joined friends of ours for dinner at a new restaurant in Philadelphia.  Because the restaurant was so incredible, I wanted to mention it.  It is called, Waterwor...
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By Rich Schiffer, Referral Agent, e-PRO
Whether you just want a few design tips, or want to do a complete home makeover, you can find out the strategies, and get the supplies you need to make your home one that even your neighbors will brag about living next to.  Featured will be tips from HGTVs Design to Sell hosts Taniya Nayak & Shane Tallant, and displays and demonstrations from many vendors, designers, stagers, and others.The Facts:  Philadelphia Home Show When:  01/20-01/28 Times:  vary Where:  Pennsylvania Convention Center12th and Arch Streets Philadelphia, Pennsylvania Cost :  $9 for adults, $3 children 6 to 12, free for children under 5 Click Here for Tickets.For more information visit their website:  http://www.phillyhomeshow.com/  
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By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
Because of the rain in Philadelphia today, the 2007 Mummers New Year's Day Parade will be postponed until January 6 (Saturday), starting at 9am.   Go to Mummers.com for updated schedule and additional information.The indoor Fancy Brigades show in the Convention Center will go on today January 1 (12 and 5 PM shows).See also TV 17 for broadcast information. Visit my web site for additional real estate services and support: LawrenceYerkes.com    Copyright 2006 by Timon, Inc. All Rights Reserved. 
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By Lawrence Yerkes, Broker Associate, Southern New Jersey Real Estate Services
(RE/MAX Preferred)
Everyone from the Philadelphia and the Delaware Valley area knows that New Year's Day is the time for the annual Philadelphia Mummers New Year's Day Parade. Mummers and the annual Mummers Parade are unique to Philadelphia.  I know of nothing like it anywhere else.  Their sight and sound are distinctive.  Adults in elaborate customes march and strut through Philadelphia streets, many while playing instruments, to entertain us and welcome in the new year.    It you can not be one of the hundreds of thousands that regularly make it into the city each year to watch the parade, you can catch it on local TV 17. In addition to local coverage provided by myphl17, live coverage of the Mummers Parade can also be seen nationally on Superstation WGN (Direct TV channel 307 and Dish Network channel 2...
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