Welcome to our podcast with Mark Wade of BHHS, Fox and Roach Realtors, CenterCityCondos.com - where we delve into property valuations with regards to condo special assessments. We discuss its implications on contracts of sale, potential negotiables, and how they affect a given building's value and demand.

Discover how the nature of special assessments can influence market behavior. We look at real life examples of buildings such as the Plaza at 1901 Walnut, where their non-visible - but significant - special assessment led to years of stunted growth. Learn about how large, less visible assessments can cause the demand and value of a building to decrease.

The podcast also explores different financial layouts of buildings – from those that plan ahead with significant contributions to their assessment funds, to those that prefer spontaneous collection. Special assessments can influence the market attractiveness of a property and understanding them can be key in making informed purchase decisions.

Lastly, we also differentiate general talk of future improvements from actual assessments. Mark shares the important implication that, unless a future improvement is officially agreed upon and recorded, it cannot be considered a special assessment.

This podcast is essential listening for anyone interested in condo investment, looking to buy a condo, or even anyone curious about how condo special assessments work. If you have any questions or comments, feel free to reach out to Mark Wade at 267-237-3404. Thank you.

Welcome to a brand-new podcast episode, hosted by experienced realtor Mark Wade of BHHS Fox and Roach Realtors. Tapping into his rich 35-year experience as a realtor and a resident of Old City for 22 years, Mark provides invaluable insight into different buildings in Old City.

Beginning with 108 Arch, Mark shares that this building has a clean, inviting look with its zinc and brick exterior. He notes only one complaint about the lack of options for a second parking space, but acknowledges such issues come with living in Center City.

Across the street, 101 Arch, while drawing praise for its beautiful facade, is often criticized for its rather dated, worn interior and security concerns with an occasionally unlocked front door. However, on the flip side, Mark mentions the hugely appealing factor of this building is the phenomenal dollar per square footage and its unique units.

The National, another building under spotlight, wins hearts for its underbuilding parking, newness, and loft-like look that seamlessly integrates with Old City's vibe. However, some units have walls that don't extend all the way up to the ceiling, causing noise transference. Mark points out that this issue has been solved in numerous units.

The tour winds down at 102 Church where Mark lauds the building but mentions some concerns about the entranceway and aging hallways. Despite this, the units charm with their unique details.

Mark concludes by inviting listeners to share their thoughts, questions, or comments by contacting him directly at Mark@Centercity.com.

Welcome to a deep-dive episode with Mark Wade, your host from CenterCityCondos.com and BHHS Fox & Roach Realtors. With 35 years experience, Mark is sharing extensive feedback received from buyers across various condo showings within the 19103 zip code.

Mark begins by discussing The Plaza at 1901 Walnut Street, where buyers enjoy the surprise of original pre-war details, a wide variety of unit values and styles, overall cleanliness, attentive staff, and the inclusion of taxes in the association fees due to the building's co-op status.

Next, the Murano: Bathed in appreciation for its cleanliness, value growth, and convenient proximity to Penn, the building overcame initial issues and skyrocketed after 20 units were put on auction.

Moving on, the episode delves into the unassuming 23 South 23rd Street where visitors are pleasantly surprised by a serene interior courtyard and the large, spaces within the units. The welcoming front desk staff and the building's strategic proximity to Penn are other highlights mentioned.

Catch all the nuanced details of the condominiums Mark has shown around the 19103 zip code, enriched by his three-decade professional journey. Have any comments, queries, or concerns? Mark encourages you to call him at 267-237-3404 or email Mark@CenterCity.com.