Finally, a site dedicated for the Philadelphia Investor !

Chris and Stephnaie Somers along with the brilliant Intention Marketing just launched

Philly Investor Hub ! (please provide feedback)

A good percentage of our business is working with investors, from those looking to build a portfolio of investment properties from those looking to build new construction. Depending on market conditions, we also have helped numerous investors buy and sell "flip" properties (even in the current market ! )

We are bullish about the prospects of the Philadelphia real estate markets as can be seen in many of our Philadelphia real estate blog posts and a recent Forbes Article saying that Philadelphia is still a great city to buy or sell real estate.

Our clients enjoy working with us since we are also real estate investors as well. We take pride with the real estate that we own in terms of providing quality housing to great tenants.

This site will be a place where our investor-type listings will gain more exposure and provide an opportunity for additional investors to get to know us. It can be a place where sellers can get more exposure and buyers can find additional investment type properties instead of scouring for hours the MLS or Realtor.com .

We are very excited about the new site as we have big plans for it !!

Please take a moment to take a look and provide your feedback. We are open to both positive feedback and constructive comments/criticism

Philly Investor Hub !

Chris and Stephanie Somers

Business owners and residents in Chinatown and the surrounding areas of Center City are concerned about the new proposed Foxwoods Casino development in Center City Philadelphia. I received an email from a good friend who owns a business in the area alerting me to a Town Hall meeting to dicsuss those concerns. The information is as follows:

There will be a town meeting next Thursday, Oct 9th, 7pm at the Holy Redeemer Church regarding the proposed Foxwoods casino at the Gallery. City and State Representatives will be on hand to discuss and answer questions and concerns regarding the proposed casino. I urge you to please come and attend the meeting next Thursday, as a casino will most certainly have a negative impact on the Chinatown community. Many of the concerns include: traffic, parking, crime, and especially the quality of life and the negative social and moral impact in our community.

Holy Redeemer Church is located on 10th and Vine Streets and you are allowed to park in their parking lot for this meeting.

Personally, I think there has to many other better locations for this proposed casino than right on top of the Gallery Shopping Mall in an already congested area of the city. Perhaps the city of Philadelphia already has too many other planned casino developments and is running out of locations?

Anyone seeking more information or wishes to voice their concerns should plan on attending the meeting.

Below are the top 15 areas that Business Week highlights as the top real estate buying opportunties in up-and-coming neighborhoods !

Business Week Article

The article highlights a specific neighborhood within each city. The premis of the article is to watch where the artists are living now. Being that Stephanie and I live in one of the sections - Northern Liberties in Philadlephia - we can certainly attest to the thriving culture. We have great restaurants, coffee shops, artists and galleries and great new construction all around us. Further, the trend has moved north to Old Kensington as well which is one of our favourite investment areas and real estate opportunities in all of Philadelphia.

Enjoy the list below !

1. Atlanta, GA

2. Austin, TX

3 Boston, MA

4. Chicago, IL

5. Los Angeles, CA

6. Miami, FL

7. Minneapolis, MN

8. Brooklyn, NY

9. Philadelphia, PA - Northern Liberties - Our home !

10. Portland, OR

11. Durhan, NC

12. San Francisco, CA

13. Seattle, WA

14. Shreveport, LA

15. Washington DC

If interested in buying or selling in the thriving Philadelphia market, contact Chris and Stephanie Somers.

Philadelphia Real Estate

Philadelphia Real Eatate Blog

Stragetize to sell your property at Full Price and to sell within 2 to 3 Weeks !

After listing a property that has been on the market for less than 2 weeks, today we met with our seller to go over 4 offers in writing. Each of the buyer agents were given a chance to come back with their highest and best offer. The offer that was accepted ended up being a full price offer with a settlement timeframe of less than 4 weeks !

No, this was not an investment property. All four deals were for homewoners. All four deals had FHA mortgages.

The two key items that lead us to this point are:

1. Aggressive Pricing

2. A Great Product

Aggressive pricing - In speaking with our client, we recommended pricing the property 5 percent below the other properties that are on the market. Further, the pricing allowed for a buyer to feel good about getting a deal as the listing price was a little BELOW what the others have sold for recently !

A Great Product - The seller took the time to stage the property, had it cleaned thoroughly, and did landscaping out front. This allowed for great photos and a great first impression as soon as the buyer's walked through the door.

So with all the doom and gloom that we hear everyday, I share this story which is not an uncomon story for us with the right strategy to get a property sold quickly at full price or greater.

Has this happened to you recently ?

Philadelphia Real Estate

Philadelphia Real Estate Blog

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