According to an article by Natalie Kostelni, a reporter for the Philadelphia Business Journal, more people are moving to urban centers to live near their workplace, and thus, cut down on commuting costs. It isn't surprising, then, that real estate in Center City, Philadelphia is booming. Center City is generally regarded as the central business district of Philly, so it follows that several business centers are nearby. The city also has several cultural and entertainment amenities to offer so you can strike the perfect work-life balance.
Although the residential market in Center City took a hit during the recession, Kostelni's article reported a current upward trend. Between 2011 and 2012, the year the article was published, sales increased by two percent and the average sale price rose by 13 percent to $546,703. It appears that now is the best time to buy property in Center City before you get priced out of the market. Maybe now is the best time to contact a realtor.
Realtors are real estate agents who are members of the National Association of Realtors, an organization with a strict code of ethics and the highest levels of experience and expertise in the industry of buying and selling property. A realtor can help maximize your buying power in a highly competitive market like Center City. If you just give your basic financial information, they can even refer you to qualified lenders.
Aside from matching you with lenders, a realtor also has a variety of resources to help you find the home of your dreams. Realtors like Joanne Davidow have listings that aren't always actively advertised in the market. This is why hiring a locally based realtor is more ideal.
By hiring a local realtor, you can find the most ideal homes for sale in Philadelphia based on your buying power and specifications. Local agents are very knowledgeable about the neighborhood and can give you an objective opinion. They can also give you important information regarding resale value—very important in a real estate investment. Ultimately, you'll end up being happy with your purchase.
Moving to Center City is convenient since you'll be closest to your workplace and the urban hotspots that matter to you. For help in finding the most ideal property for you, hire a reputable realtor like Joanne Davidow.
