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Updated about 2 years ago on . Most recent reply

Faith Importico's profile image
Faith Importico's profile image
Faith Importico
  • Real Estate Agent
  • from Philadelphia
  • Member since Jul 13, 2022
  • Posts 74
  • Votes 33
  • Experience 3 Yrs
  • Investments 5
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74
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Faith Importico's profile image
Faith Importico's profile image
Faith Importico
  • Real Estate Agent
  • from Philadelphia
  • Member since Jul 13, 2022
  • Posts 74
  • Votes 33
  • Experience 3 Yrs
  • Investments 5
Connect
Faith Importico
  • Real Estate Agent
  • Philadelphia
33
Votes |
74
Posts
General Real Estate Investing

How do you think the philly market is doing?

Faith Importico
  • Real Estate Agent
  • Philadelphia
Posted

Theres been a lot of changes over the last few months in this market. But home prices have barely fallen. How do you think investment real estate is doing in the Philadelphia market? Flippers Vs. Renters? Rates? Inventory?

Philadelphia, Pennsylvania
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Jamie Banks's profile image
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Jamie Banks
  • #2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • from Reston, VA
  • Member since Nov 7, 2022
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Jamie Banks's profile image
Jamie Banks's profile image
Jamie Banks
  • #2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • from Reston, VA
  • Member since Nov 7, 2022
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Jamie Banks#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
511
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513
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Jamie Banks#2 Medium-Term Rentals Contributor
  • Real Estate Consultant
  • Reston, VA
Replied

I’m an active buyer in Philly and I think it’s a great time to buy and hold. With a flip I’d be wary of getting the purchase price desired to make the numbers work. I’m seeing properties selling at over 10% lower than the listing price with additional seller concessions. 

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