Archive for April, 2010

Friday, April 30th, 2010

Cinco De Mayo in Your Neighborhood

All Day Cinco de Mayo Fiesta Philadelphians known all about independence, so we’re right on top of celebrating Mexico’s independence victory on May 5th. What’s going on in your barrio? Read on.

Northern Liberties will see mucho margarita pitchers served, especially at Cantina Dos Segundos, where the Cinco de Mayo Art Show will feature work from DJ Luis Angel Cancel, Joey Knuckles of Philadelphia Eddie’s Tattoo 621, Elena Nestico (DJ Lady Prowl), Daniel P Cordua, K Fish, and others. Drink that in while you’re toasting with tequila.

Taco Riendo, the authentic taqueria titan of Old Kensington, is giving out complimentary Corona and tequila to customers. Their outdoor seating area should be the perfect place to tackle some salsa.

You’ll want to see it to believe it, but the Cinco De Mayo Macarena Mob will hit the Piazza at exactly 6:30 pm, so make sure you’re there.

Rittenhouse Square now has El Rey, Stephen Starr’s Mexican diner, to raise a glass at on Cinco de Mayo.

For a real margarita without the typical boisterous crowd, you could ask for one at the Franklin Bar in Rittenhouse Square. You may not find it on the menu, but they KNOW.

In University City, you can always guarantee that there’s a fiesta at Distrito. This Cinco de Mayo, they’ll be celebrating all day. They’re calling it “the best party north of the border…and west of the river.” Doors will open at 11:30 am with drink and menu specials. DJs Adub and CSharp start at 9 pm. Don’t forget your luchador mask.

Another Mexican favorite of ours is Jose’s Mexican Food in the Loft District, perhaps one of the District’s best secrets.

Can’t make it out on May 5? Saturday’s Cinco De Miro III at the Latvian Society is Miro Dance Theatre’s aptly-named dance competition. Think of it as Dancing With the Stars, Cinco de Mayo style.

Related:

What’s Open 14 Hours in Rittenhouse Square and Will Change Your Life?

Originally Posted on The Philadelphia Real Estate Blog

 
Thursday, April 29th, 2010

3 Bedroom Home for Sale in University City, Philadelphia – University City Renovation – Everything is New – Awesome Yard & Deck!

3 Bedroom Home for Sale in University City, Philadelphia

Call The Somers 215-400-2620, RE/MAX Access, Northern Liberties, Philadelphia

 

4928 Pentridge Street

4928pentridge4Excellent renovation, this 3 bedroom home for sale in University City, has 1.5 Baths and an awesome backyard and deck.  Everything in this house is brand new and done with all property L & I permits. There’s a beautiful sunroom/enclosed porch for plants and lounging. This property has new red oak floors throughout 1st and 2nd floor. New kitchen with stainless steel appliances and granite countertops.

Other great features of this home include:

  • Real Cedar Siding
  • New painted Stucco
  • 200 Amp Electric Service
  • 2nd Floor laundry Hook-ups
  • High efficiency heat pump/central air

 

Photo Gallery

 

4928pentridge6Great location only a block away from the Dock street Brewery, Bank, Coffee Shops and more. Also only a block away from the Trolley and across the street from the community Garden.

Other great renovations:

Additional lot may be included for the right price (asking 34,900.) 4926 Pentridge is currently being renovated. 4924 just got all the permits to be renovated. 4922 Pentridge will start renovation in a couple of months.Owner is finishing up some final touches.

We welcome your visit to this newly renovated 3 bedroom home for sale in University City.

 

 

Contact Sean Dundon

215-400-2600

Email: seanestate@gmail.com

 

TheSomersTeam.com

215-400-2620

Remax Access, Northern Liberties

Originally Posted on The Philadelphia Real Estate Blog

 
Thursday, April 29th, 2010

What’s Open 14 Hours Daily in Rittenhouse Square and Will Change Your Life?

El Rey

Former Midtown IV

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answer: El Rey, Stephen Starr’s answer for an empty former Midtown Diner IV space in Rittenhouse Square.

While the interior of the Mexican diner still looks like the old 24-hour haunt that you remember, the design of the restaurant involved a trip to Mexico and flea market finds to stir El Rey to life. The exterior has only changed slightly, brightening the 2000 block of Chestnut Street with a golden brick front and a fun sign that promises to change your life. The original Midtown Diner IV sign is still there, with some slight adjustments. Are those 14 hours 11 – 1 am? If so, expect lunch hours right out of the gate. We’re curious to see what chef Dionicio Jimenez will bring to the table when the latest from Starr opens later this month. We’re guessing there won’t be any scrapple on the menu.

El Rey, 2013 Chestnut St.

Explore more about Life in Rittenhouse Square. Ready to search for Rittenhouse Square properties?

[Midtown IV photo from Yelp]

Originally Posted on The Philadelphia Real Estate Blog

 
Wednesday, April 28th, 2010

Notes from the Fishtown ShadFest

 

Shadfest

The line for Johnny Brenda’s ramped-up shad sandwich extended well along the Delaware River at Saturday’s Fishtown Shadfest in Penn Treaty Park.

Shadfest

We think it’s because they had such an impressive smoker, the best greens in Fishtown (Greensgrow), and a seasonally-sharp ramp remoulade. And the line for said sandwich? We were not kidding about it. Our camera couldn’t quite fathom the entire length of it.

Shadest

If you weren’t here for a fishy lunch, you were here for the music. WXPN was there to oversee the sounds, which traveled all across the park and could be heard from blocks away. It was a mini Woodstock and we even saw some listeners camping out in a tent, clearly not going anywhere until the last musician had cleared the stage. There was such a mix of faces in the crowd, from old to young, from familiar to those who live outside of Fishtown and were curious about the fest.

Shadfest

There was so many people out soaking up the early sunshine. Although it grew cloudy later, we’re guessing everyone got their fair share of balmy festival weather. How many rode their bikes in? The valet bike parking lot could vouch for a few.

Shadfest

All of this simply reinforces how much we love Fishtown and how it’s really the people that turn up at community gatherings that remind you how strong a neighborhood it is. It’s fishier than ever.

Explore more about Life in Fishtown. Ready to search for Fishtown properties?

Related:

Something Fishy in Fishtown !

Originally Posted on The Philadelphia Real Esate Blog

 
Wednesday, April 28th, 2010

2 Bedroom Home for Sale in South Philadelphia – South Philadelphia Superb Renovation – Everything is New – Hardwoods & Finished Basement

2 Bedroom Home for Sale in South Philadelphia

Call The Somers 215-400-2620, RE/MAX Access, Northern Liberties, Philadelphia

 

1936 Mountain Street

MOVE RIGHT IN!

Everything Brand New in this SUPERB renovation with beautiful FINISHED basement.

 

1936mountain3This 2 bedroom home for sale in South Philadelphia has a first floor is an open plan design. The living and dining room have Bamboo hardwood flooring with an entire re-pointed exposed brick wall.

Kitchen includes:

  • brand new dishwasher
  • stove
  • garbage disposal
  • microwave
  • ceramic tile
  • granite countertops
  • under mounted stainless sink
  • Oak Cabinets

Finished basement has a poured color concrete floor and is over 7 ft tall with a ceiling fan, window ledges and utility/laundry room in rear, which greatly expands this property’s functional space (family room.)

 

Photo Gallery

 

1936mountain9 Second floor has laminate wood floors and 2 large bedrooms with plenty of closets. Bathroom has full tub/shower, tile floor, new fixtures and closet. New HVAC system, Central Air, Plumbing, Electric, Windows, Stucco and Roof with new Coating.

Schedule your appointment today to see this superb renovation on this 2 bedroom home for sale in South Philadelphia.

 

 

 

TheSomersTeam.com

215-400-2620

Remax Access, Northern Liberties

Originally Posted on The Philadelphia Real Estate Blog

 
Tuesday, April 27th, 2010

Salsa in Northern Liberties, No Chips Involved

worlddancedayFor all of the dance troupes and professional ballerinas that call Philadelphia home, this year will mark our first celebration of World Dance Day. 954 Dance Movement Collective will take the lead in the Piazza on Thursday, April 29 from 4 – 8 pm. The free event is open to all ages, because we all know that you learn your best moves early in life. It all starts with an outdoor teach-in, during which the crowd can step in on different dance styles – salsa, tap, modern, hula, yoga, Argentine tango, and hip hop are a few of the methods that will be introduced. Live dance performances will begin at 6 pm.

954 Dance Movement Collective is home to the dance company Keila Cordova Dances. The Northern Liberties studio, which is new to the neighborhood, can be rented for dance rehearsal or classes if you want to turn World Dance Day into a longer commitment.

Discover more about Life in Northern Liberties. Ready to search for Northern Liberties properties?

Originally Posted on The Philadelphia Real Estate Blog

 
Tuesday, April 27th, 2010

The Homebuyer Tax Credit – The Final Countdown !

The Homebuyer Tax Credit – Before and After

As we approach the final countdown of the homebuyer tax credit  (as I write this, 5 more days), I wanted to share some thoughts.  In our Philadelphia market, the homebuyer tax credit has been a HUGE success.  Properties have been flying off the shelf in the last couple of weeks as the tax credit frenzy has hit full force.  In many areas, there is even a housing shortage in certain price ranges.  This really helps out our local economy with transfer taxes collected, helps build the communities and helps both buyers and sellers move forward with their own economic and financial goals.  

 

So what is going to happen when the tax credit ends ? 

homebuyer-tax-credit-deadline

Buyers with a pending deal or who have settled – Congratulations !  This will probably have been the best time in YOUR lifetime to purchase a house.  Not only will you participate in the tax credit that can help you with home maintenance, repairs or just having the opportunity to save $8,000, you obtained a mortgage rate at historical lows and purchased a property at a much lower sales price versus the 2005 – 2008 period.  With the affordability index at an all-time high, this could end up being the best financial decision of your lifetime.  And of course you will have the pride of home ownership !

Sellers who have a pending deal – Congratulations !  Looking back, this will probably have been the best time of 2010 to have sold your home.  Demand has been much higher which allowed you to get a higher sales price, especially in the last week or so with there being multiple offers on many properties.  In addition, buyers are more loose on home inspection negotiations knowing that they are going to get $8,000 with the tax credit and knowing that if they do not go through with the deal, they will lose out on the tax credit. 

Buyers still on the fence – Not sure what you have been waiting for or what else you need to make a move.  But at this point, I would not just make an offer on any home just to get the tax credit as most of the well priced homes are already sold.  The good news for you is that you will have more leverage as a buyer once the tax credit period ends as there will be less demand and less competition.  Your tax credit will be on the sales price since I foresee prices dipping a few percentage points due to lower demand in the next quarter or two.  However, I do not see that lasting too long, so do not wait forever as you will risk seeing mortgage rates back up to 6 percent and thus miss out and locking into that rate of a lifetime now !

Sellers who still have not sold – This is painful !  We have been blogging about this for months that your home needs to be priced aggressively to get your property sold !  If your house has not sold during this time-frame where demand is so high, it is time to take a step back and reevaluate.   How overpriced are you ?  Is your Realtor properly marketing the property ?  Is it too difficult for buyers to gain access ?  Is there some sort of stigma with your property ?  How does it show ?  Your risk is after April 30th prices will fall which is not good news to you.  Still, there are a few things you can do.  Take a step back, reassess your position and your goals , and consult with a top Internet Marketer in your area.  Also consider your Plan B such as a lease-purchase deal, renting or staying in the property for another year.  If you are in distress and behind on your mortgage, you may want to reach out to a short sale specialist.  And do not forget you still have a few days so if you are reading this before the expiration, call your Realtor NOW and lower the price !

Will the tax credit be extended ?

I do not know.  If so, that will change some of what I wrote above.  Even then, most of the purchasers who wanted to buy, have already purchased.  If it is extended, it will continue to create a bit of artificial demand that will help sellers.  I think the good news for buyers is that the low mortgage rates provide incentive enough too as that saves them tens of thousand of dollars over 30 years with today’s rates versus a rate in the 6’s or even the 7’s.

Should the tax credit be extended ?

I am a bit ambivalent on this one.  I could make a good argument either way.  Let’s let the reader decide so please share your thoughts on this question and the rest of the blog post in the comments below !

Originally Posted on The Philadelphia Real Estate Blog

 
Monday, April 26th, 2010

“It just does not seem like a good strategy”

“It just does not seem like a good strategy” is what our buyer said after we could not gain access to a vacant home because the agent who has to be their for the showing was away for the weekend. 

“Why don’t they just put a lockbox on the property ? “  our buyer asked.  “Every other vacant property we went to had a lockbox.”

 

denied-access 

It does not make sense to me either, especially at this time of the year where EVERY showing counts to get a property sold.  I wonder how many other showings were lost this weekend for this property for other folks looking to take advantage of the tax credit ?? 

I can understand perhaps if it was one of those super unique properties where there is a lot of explanation to do or even a condo building that perhaps has tighter rules for access.  But for a basic rowhome that is already vacant ?

The other question to ask is “Does the seller know that showings and thus written offers are being lost due to the showing practices of this office ? “

 

 

In the words of our client, “not a good strategy” !

What are your thoughts ?

Related posts:

Why Homes Do Not Sell – Part 3

 
Sunday, April 18th, 2010

RE/MAX ACCESS IS NOW OPEN ON SUNDAYS !

opensignAs of last weekend, Remax Access will now be open on Sundays from 10am-3pm!

If you’re in the area be sure to stop in to get a tour of our office, meet with a realtor, or just say hello!

 Regular Business Hours

Monday 9am-7pm
Tuesday 9am-7pm
Wednesday 9am-7pm
Thursday 9am-7pm
Friday 9am-7pm
Saturday 10am-3pm
Sunday 10am-3pm

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Saturday, April 17th, 2010

OPEN HOUSES THIS WEEKEND !

open-house-signSaturday, April 17th

1027-31 N 4th St L, Philadelphia, PA 19123
1-3pm
1 Bedroom, 1.5 Bath Bright contemporary Courtyard Condominium development located in the heart of Northern Liberties

Sunday, April 18th

313 E Wildey St, Philadelphia, PA 19125
1-3pm
Garage parking, 3 large bedrooms, a potential 4th bedroom for guests, and a contemporary split-level design boasting of 2,660 sq feet are just a few of the great features in this river-side Fishtown 3 story brick home

123 W Allen St, Philadelphia, PA 19123
1-3pm
At the Piazza Northern Liberties, this expanded, 2 br, 1.5 bath property is custom fitted, w/ contemporary luxury & old world charm.

 

 

remax-access-final-logo-300x442