Philadelphia Real Estate Blog

If you are doing work around your Philadelphia home, why not donate your Used items to Impact Services of Philadelphia?

Here is why you should:

1) They will take used appliances, faucets, cabinetry, doors, sinks- even furniture -THEY TAKE THEM AWAY FOR FREE!

2) You are helping the community, as the donations you make will be sold quite inexpensively to those in need

3) You get a tax deduction

4) Did I mention that they will come into your Philadelphia condo or home and remove said fixtures?

So let’s review. You save money from not having to dispose of a variety of items, free removal, tax deduction, and you are helping the city.

A few rules:

-All appliances must be in good working order, and a maximum of 10 years old

-All other fixtures must be in good working order/good condition

-They do not take mattresses

You can call Impact Services at 215.423.3613 Monday-Friday 8am-4:30pm. Their schedule is done on Mondays for the week. So schedule your pick up accordingly. And know that the staff is always very friendly!

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

There are clearly a number of condos for sale in Philadelphia. Duh. But what about the unmentioned “Shadow Inventory” that might be creeping up on us all? Shadow inventory, in my mind, are the condos that are part of some non-performing new developments here in town. There are a number of buildings with a hefty amount of inventory that has been sitting for quite a while, and is not selling. And the bulk of it is high rise condominiums – in generally what most buyers term as “B” locations.

IF A BUILDING HAS NOT BEEN ABLE TO SELL 70% OF ITS UNITS IN SAY 3 YEARS- THE PRICES ON THOSE AVAILABLE UNITS AREN’T GOING TO RISE ANYTIME SOON.

Prices  have a tendency to come down in such situations. Sometimes a new buyer will come in and buy the inventory in bulk, sometimes a condo auction will reset the pricing structure, and sometimes the buildings become glorified rental buildings- which simply postpones the inevitable price restructuring in the building (Delay and Pray).

Will Center City’s Shadow Inventory Come back to Haunt the Pricing Structure for Condos in this Segment? Will Philadelphia Condo Buildings that are viewed as substitutes for this shadow inventory suffer as well?

Stay Tuned..I’ll tell you what I think.

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

Even the inside of your closets say something about the way you live your life. And if you think buyers don’t take notice, then perhaps you have been living on the moon for quite some time. They do. You did when you first went Philly condo shopping. You opened the seller’s refrigerator, you peeked inside all closets, looked at the pictures on the wall, and even questioned why they did this or that.

The point is – If you want to sell your Philly condo, then clean your Philly condo. Inside and out. Even the small details make a strong impression.

Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106