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Larry Love's PHILADELPHIA

Your Real Estate Resource For Life!

By Larry Lichtman | Agent in Philadelphia, PA
  • What a BEAUTIFUL DAY IN THE NEIGHBORHOOD, East Passyunk, that is! = )

    Posted Under: Home Buying in Philadelphia, Home Selling in Philadelphia, In My Neighborhood in Philadelphia  |  September 19, 2013 2:51 PM  |  433 views  |  No comments
    Strolling down East Passyunk Avenue from Broad Street down through the Italian Market is an inspiring experience.  Young Couples with babies in strollers, Professionals, and Hipsters all walking about enjoying the new thriving restaurant and retail boutique scene here.

    Many people enjoying outdoor Dining & Cocktails at Le Virtu, Birra, Stogey Joe's & The Cantina.  Ice cream from Capogiro certainly tops the day off. Hope you are enjoting a beautiful day in Philadelphia.

    If you haven't been to this part of South Philadelphia lately, you really must check it out.

    If you are looking for a solid, growing neighborhood to move to, you should take a walk or drive through the neighborhood.  Property values are increasing year over year in this bustling community, yet there are still affordable homes available to fit various lifestyles.  Easily walkable or a quick bike commute to Center City.

    If you would like more information about available apartments or houses in East Passyunk Crossings, Passyunk Square, Point Breeze and Newbold, please send me an e-mail at: LarrySellsRealEstate@gmail.com.  I'd be happy to send you appropriate information.

    Looking forward to seeing you in the neighborhood soon.

    All the best,
    Larry Lichtman, Realtor
    Your Real Estate Resource For Life
    Cell/Text: (267) 254-7994
  • The Tide has turned in Philadelphia. NOW is the TIME TO BUY!

    Posted Under: Home Buying in Philadelphia, Property Q&A in Philadelphia, Investment Properties in Philadelphia  |  January 7, 2013 12:16 PM  |  693 views  |  No comments
    In our economic news, we are informed that the Fed's QE may soon be coming to an end. If rates rise, it certainly defeats the purpose of trying to wait for "a better deal". Any gain in lower price may be offset by higher interest. Remember, A good deal is a GOOD DEAL. If you really love a house and can afford it, ACT NOW! 

    It makes you think about the ROI on Wall Street vs. ROI on real estate investments. Most people of high net wealth in this country have real estate holdings in their portfolio because it serves several purposes: depreciation tax benefits, equity appreciation, stable ROI long term.

    Please feel free to contact me with any real estate related questions.  I'm always available to assist you.

    All the best,
    Larry B. Lichtman
    REALTOR, Property Manager
    Your Real Estate Resource For Life
    Direct CELL (267) 254-7994
    LarrySellsRealEstate@gmail.com

    Liberty Real Estate
    Real Estate Sales & Leasing
    Property Management & Insurance
    924 Arch Street
    Philadelphia, PA 19107
    Office: (215) 625-4725
  • Are YOU still RENTING?? Why? NOW IS THE TIME TO BUY!

    Posted Under: Home Buying in Philadelphia, Foreclosure in Philadelphia, Property Q&A in Philadelphia  |  May 9, 2012 11:59 PM  |  903 views  |  1 comment

    If you currently look at Renting vs. Buying, THIS IS THE RIGHT TIME TO BUY!
    It has been a long time since I have seen such a hot rental market in Philadelphia.  I remember during the last BOOM before the BUBBLE, most other Real Estate Agents wanted nothing to do with rentals or Property Management.  NOW, everybody is in the rental business.

    With the tightening of mortgage loan restrictions and guidelines, many people can no longer qualify to buy.  Homeowners are losing their homes to foreclosure , others walking from upside down mortgages.  They all need to rent their next home.  We are becoming a growing Metropolis. Suburbanites, other empty nesters are coming back to "America's Next Great City".   The City of Philadelphia has so much to offer: History (Our Nation's First Capitol), Culture, World Class Arts & Entertainment Venues, Top Restaurants, Theatres, Museums, Parks, etc....

    These factors have DRIVEN DEMAND for quality rentals, both houses and apartments THROUGH THE ROOF in many neighborhoods in various parts of Philadelphia:
    Center City: Olde City, Rittenhouse Square, Fitler Square, Avenue of the Arts,
      Washington Square West, Society Hill
    South Philly: Avenue of the Arts, Queen Village, Bella Vista, Italian Market, Southwark,
       East Passyunk, Pennsport, Newbold, Girard Estates
    North Philly:  Northern Liberties, Fishtown, Fairmount, Francisville, Temple University

    Rents have steadily increased for 3 years straight now.  It is a Landlord's Market in rentals.   
    HOWEVER, IN THE PURCHASE MARKET, IT IS STILL A BUYER'S MARKET.

     If you can qualify to buy, it is much LESS EXPENSIVE TO BUY at this time.

    STEP 1: Contact a mortgage broker to get pre-approved.  This will give you the information you need to know: Your Maximum Purchase Price, Maximum % of that price that the lender will fund, and how much you will need for closing costs.
     I recommend Edward Dubinsky at Absolute Home Mortgage (215) 808-5353

    STEP 2: Start interviewing Buyer's Agents. Find one you feel comfortable with, that you can trust to secure your best interests, and is willing to work very hard to help you achieve your goals.  Once you hire a Realtor to work with as your Buyer's Agent you can start shopping dilligently and aggressively.
    Please feel free to call me, Larry  at (267) 254-7994
     I'd be happy to discuss how I can help you find your home and negotiate a GOOD DEAL FOR YOU.

    I'd be honored to interview for the job.  No one will work harder for you and your family.

    I look forward to hearing many stories from Tenants that are soon to be HOMEOWNERS!!!

    GOOD LUCK! HAPPY HOUSE HUNTING!


    All the best,

    Larry Lichtman, CNE
    REALTOR, Property Manager
    Your Real Estate Resource For Life
    Direct CELL (267) 254-7994
    LarrySellsRealEstate@gmail.com
  • THE RETURN OF REAL ESTATE: Has the tide turned? Time to BUY?

    Posted Under: Home Buying in Philadelphia, Home Selling in Philadelphia, Financing in Philadelphia  |  April 12, 2011 3:55 PM  |  1,290 views  |  3 comments
    In our economic news, we are informed that the Fed's QE may soon be coming to an end.  If rates rise, it certainly defeats the purpose of trying to wait for "a better deal".  Any gain in lower price may be offset by higher interest. Remember,  A good deal is a GOOD DEAL. If you really love a house and can afford it, ACT NOW!  Check this article out in FORTUNE Magazine (http://finance.fortune.cnn.com/2011/03/28/real-estate-its-time-to-buy-again/

    It makes you think about the ROI on Wall Street vs. ROI on real estate investments.  Most people of high net wealth in this country have real estate holdings in their portfolio because it serves several purposes: depreciation tax benefits, equity appreciation, stable ROI long term. 

    All the best,
    Larry B. Lichtman
    REALTOR, Property Manager
    Your Real Estate Resource For Life
    Direct CELL (267) 254-7994
    LarrySellsRealEstate@gmail.com

    Liberty Real Estate
    Real Estate Sales & Leasing
    Property Management & Insurance
    924 Arch Street
    Philadelphia, PA 19107
    Office: (215) 625-4725
  • Has the Philadelphia Real Estate Market Really Bottomed Out Yet?

    Posted Under: Home Buying in Philadelphia  |  May 26, 2010 11:55 PM  |  1,101 views  |  2 comments
    In most significantly gentrified and re-developed neighborhoods immediately surrounding Center City, you will see steady price stabilization has taken hold.  Some properties are once again receiving multiple offers.  Are prices increasing and properties appreciating again?  Some blocks are indeed seeing prices increase from last year.  Cash liquid investors are quickly buying up the distressed properties on the good blocks and demand in these areas is still increasing

    It is now a great time to purchase Philadelphia real estate.  It appears that the areas that are still hurting are condos and new construction.  I think this will change as more of this inventory is foreclosed upon and re-sold at lower prices.  As the inventory gets bought up, these properties prices will also stabilize. I would even venture to say they may even see some appreciation in value in the next few years.

    Overall I believe the market has bottomed out in the hottest areas of the City as far as existing home sales.  Condos and new construction will soon follow.

    Stay Positive!  Keep on House Hunting! Now is the time to go fall in love with your next home!  Remember that if you wait for prices to decrease further, it may not happen.  As interest rates start to go up, you lose the discount you may think you got in the purchase price, but now you are giving that price savings to the bank in higher interest payments.  Do the numbers and you may see it doesn't pay to wait.  If you find that house that you fall in love with and you feel its good karma, make it happen.  Good Luck!

    All the best,
    Larry B. Lichtman
    REALTOR, Property Manager
    Your Real Estate Resource For Life
    Direct CELL (267) 254-7994
    LarrySellsRealEstate@gmail.com
  • Are you still RENTING?????? ARE YOU SERIOUS!?!?!?!?!?!?!!!!!!!!!!

    Posted Under: Home Buying in Philadelphia  |  April 12, 2010 12:06 PM  |  1,124 views  |  1 comment
    If you currently look at renting vs. buying, THIS IS THE RIGHT TIME TO BUY! 

    Why not take advantage of this $8,000 Tax Credit.  Especially when some mortgage companies are allowing you to use up to $5,000 of that tax credit up front toward your closing costs.

    There is still time for any buyer to take advantage of this Federal Tax Credit program.  Remember this is $6,500 for any one purchasing a primary residence.  If you own a home already, you can still qualify for this credit for another house, as long as the house you will purchase is going to be used as your primary residence.  For 1st Time Homebuyers, that credit increases to $8,000.

    STEP 1: Start interviewing Buyer's Agents.  Find one you feel comfortable with, that you can trust, and is willing to work very hard to help you achieve your goals.  All it takes is a Realtor to work with as your Buyer's Agent and start shopping dilligently and aggressively. There is certainly time left to find a house and execute an offer by the April 30th, 2010 deadline.  Then you must close and make settlement no later than June 30th, 2010. 

    I look forward to hearing many stories from Tenants that are soon to be HOMEOWNERS!!!  

    GOOD LUCK! HAPPY HOUSE HUNTING! 



    All the best,
    Larry B. Lichtman
    REALTOR, Property Manager
    Your Real Estate Resource For Life
    Direct CELL (267) 254-7994
    LarrySellsRealEstate@gmail.com

    Liberty Real Estate
    Real Estate Sales & Leasing
    Property Management & Insurance
    924 Arch Street
    Philadelphia, PA 19107
    Office: (215) 625-4725
  • 18 Days Left To Qualify for $6,500/$8,000 Federal Homebuyers Credit

    Posted Under: Home Buying in Philadelphia  |  April 12, 2010 11:50 AM  |  916 views  |  1 comment
    There is still time for any buyer to take advantage of this Federal Tax Credit program.  Remember this is $6,500 for any one purchasing a primary residence.  If you own a home already, you can still qualify for this credit for another house, as long as the house you will purchase is going to be used as your primary residence.  For 1st Time Homebuyers, that credit increases to $8,000.

    All it takes is a Realtor to work with as your Buyer's Agent and start shopping dilligently and aggressively. There is certainly time left to find a house and execute an offer by the April 30th, 2010 deadline.  Then you must close and make settlement no later than June 30th, 2010. 

    SEEK AND YOU SHALL FIND YOUR NEXT HOME.  GOOD LUCK! HAPPY HOUSE HUNTING!!!!!

    All the best,
    Larry Lichtman
    REALTOR, Property Manager
    Your Real Estate Resource For Life
    Direct CELL (267) 254-7994
    LarrySellsRealEstate@gmail.com
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