Features to Consider When You’re Scouting Philadelphia Condos for Sale

Philadelphia condos for sale listed by leading real estate professionals like Joanne Davidow are sure to have security features for every unit owner’s peace of mind. An article from Investopedia written by Jean Folger enumerates the various security measures usually implemented by condominium developments: Twenty-four-hour security guards, cameras and video surveillance, locked exterior doors, locked access to community facilities, well-lit parking areas, hallways and common areas, and community watch programs are all measures that can be used to help keep the development and its residents safer. Developments may also use perimeter fencing and safe landscaping (clear views on walkways, bushes trimmed below the level of first-story windows, etc.) as additional security measures.

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Start Right: Questions to Ask Yourself Before Buying a Philly Condo

Philadelphia is a popular place to live for entrepreneurs, food lovers, artists, and independent workers, primarily due to the city’s thriving art and culture scene, numerous opportunities, and high quality of life. If you’re planning to invest in one of the best Philadelphia condos from the listings of leading real estate professionals like Joanne Davidow, you should first ask yourself the following questions: / What is your lifestyle like? If you’re living a fast-paced life wherein you may not be the type of person to have time to care for a lawn or deal with routine house repairs, then condo living is your best bet. More often than not, the condo lifestyle is an attractive option for young adults who prefer easy access to urban activities and baby boomers looking to downsize.

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Reasons for Choosing Philadelphia Condos over Single-Family Homes

Convenience and a worry-free lifestyle are among the best attractions of living in a condo. 24-hour security and concierge service, easy maintenance, and proximity to commercial establishments, are comforts that one can only get from living in a condo. Single-family properties are still preferred by traditionalists who like bustling around a home, or who prefer to maintain a more physical distance from the neighbors than what a condo can provide. However, even for the latter, the attractions of living in prime Philadelphia condos may be difficult to match. In particular, condos located in areas like Center City, the major business district of Philadelphia, offer the kind of lifestyle that many dream of. That is, living in a highly cosmopolitan area where one can have a choice from hundreds of nearby restaurants, as well as easy access to art galleries, museums, and some of the best entertainment spots in the city.

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What to Ask Philadelphia Realtors: Financial Talk on Owning a Condo

Do a comprehensive Philadelphia property search before you finalize the deal with your realtor, otherwise you might end up with a deal that bites you back long after you already have the unit. Efficient realtors like Joanne Davidow should help you find the right condominium to suit your needs as well as your financial status.

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Why New Yorkers Choose Philadelphia Luxury Apartments Over New York’s

Despite the picturesque image of the New York real estate market painted above, though, residents are actually leaving for neighboring cities like Philadelphia. Between the lines, it provides an outlook for the future of rentals in Philadelphia, and the roles that skilled Philadelphia realtors will undertake. In fact, tax returns filed with the IRS reflect that over 3,000 New Yorkers have packed up and left the Big Apple for Philly in 2010 alone. Were the numbers to include even those without filed information, the statistic could easily rise to the 4,000s.

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Improved Numbers Give Positive Outlook for Philadelphia Real Estate

It is noteworthy to mention, however, that despite this good outlook by the housing industry, the entire US economy is still not back to its fighting form. Several boroughs in the country are still struggling with rent, and the housing industry can only do so much in dragging the entire economy back into shape. The excitement over the recovery of the market may also drive several others to over-commit and make mistakes in the process. It is thus important to find reliable professionals who know the ins and outs of real estate in Center City, Philadelphia. Professionals like Joanne Davidow can give sellers and buyers a better outlook on the current temperament of the local real estate, and guide them into making the perfect deal.

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Buying Philadelphia Homes for Sale Without Financing: The Bottom Line

Until recently, most home buyers thought financing was the only way to afford Philadelphia homes for sale. However, when the risk of a volatile housing market came to light, cash upfront suddenly seemed like the safer bet. In a recent report, the number of all-cash real estate deals has gone up to nearly half of all real estate transactions made for 2013. As of July 2013, real estate data firm RealtyTrac reported a five-percent increase in all-cash deals compared to 35 percent last month and 31 percent July 2012.

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