If you watch movies, you are undoubtedly already sold on establishing your own law firm. You will drive a Porsche (remember Jan Schlictmann in A Civil Action) and have a paralegal that looks like Julia Roberts (Erin Brockovich). You will be sleeping with beautiful office colleagues (Ally McBeal) and fighting society-changing cases (Philadelphia or To Kill A Mockingbird). You do not really even need to be a lawyer (My Cousin Vinny). And the funny thing is–it is all true. So how, you ask yourself, do you live this glamorous life? Here are the little known secrets to a successful practice:

Get Confidence.

A quick review of various articles and books on starting your own practice will likely zap your confidence and fill you with doubt. Moreover, your practice will undoubtedly be busy on some days but slow on others. Do not get bogged down in worrying where your next payment is coming from. Believe that it will come and, in the meantime, work on marketing your practice or taking care of the clients you do have.

Practice pointer: Have faith. Think of all of the attorneys you know who have their own practice or a small firm and who you know are terrible attorneys. If they can make it, you can make it.

Find Mentors.

There is no need to reinvent the wheel and forge a new path. Learn from other’s mistakes. Seek out mentors who can serve as a resource as you set up your practice and deal with day-to-day issues that arise. Read books and articles on well-known lawyers to learn what makes them successful.

Practice pointer: Call sole practitioners you know and ask them to coffee or lunch. Ask them how they got started and what lessons they learned.

Do Your Research.

Look through books and articles on setting up your own firm for checklists on the minutiae of starting your own practice. A good resource is How To Start & Build A Law Practice by Jay Foonberg. The State Bar also prints a book called Opening A Law Office. Learn about trust accounts, attorney-client retainer agreements, conflicts of interest, malpractice insurance and the “business” of law.

Practice Pointer: Check out eBay for less expensive, used copies or search for books at your city’s main library. The State Bar website has sample Attorney-Client Retainer Agreements.

Avoid Overhead.

Focus on building income rather than building expenses. Many attorneys are working from home. You can sign up for a corporate identity package with an executive suite. These packages give you an office address and telephone number, the use of conference rooms if you need to meet with clients and various other office amenities. If you are looking for an office, consider a short term licensing agreement versus a long term lease. Do not forget everything that you need to make an office usable: telephones, a copy machine, computers, printers, a postage machine, a Westlaw or Lexis/Nexis subscription and office supplies. Subleasing an office from a law firm or renting from an executive suite will help you keep costs down since they already have a telephone system, a copier and the like.

Consider being of counsel to a firm who can refer hourly contract work to you while you build your practice. Consider doing contract work for other attorneys to bring in income. Unless you are independently wealthy, remember to budget in your day-to-day living expenses for the first few months when you may not collect any payments.

Write Down Your Goals.

It is said that most people spend more time planning a dinner party than they spend planning their life. It is easy to get bogged down in the emergency of the day. Set aside time to consider the big picture: what type of practice do you want to build? If asked, have you thought through a 50 word description of your practice that you can present with confidence? Develop a marketing plan to reach your potential clients.

Practice Pointer: Spend a day away from everything and everyone where you can focus on your plan without any distractions. Turn off your phone and the radio. Take a blank pad of paper and brainstorm uninterrupted for at least one hour.

Work Efficiently.

Once you have set your goals, start each day with a list of what it is that you want to accomplish that day. Stick to the list and check off each task as you complete it. Do not start each day reacting to the latest e-mail. In fact, do not even look at your e-mail during the first few hours of the day. It is too easy to get distracted from the goals you have set. Do not let others determine what you will work on each day.

Practice Pointer: Turn off the automatic notification on your e-mail and only check your e-mails in between other tasks. You will find that all of the urgent e-mails you receive are really not that urgent.

Leverage Yourself.

Recognize that your highest value activity is billing. As soon as possible, hire others (even on a part time or by assignment basis) to type, copy, file, bill and take care of other non-billable tasks. Internet services allow you to fax a document and receive back a typed Word document by email quickly and without the need to hire a temporary secretary. Look for ways to free up your time for marketing and billing.

Practice Pointer: Hire university students part time. They are smart, eager to learn and not expensive.

Solo or Partnership?

While it is easy to enter into a partnership, it can be extremely difficult to get out of one. Before entering into a partnership, make sure that you have a frank discussion with your potential partner about your goals, your business, your work style, your vision for the future and what you hope to achieve. How will you split the costs and income? If you decide to enter into a partnership, make sure that you have a well thought out partnership agreement which sets forth a dispute resolution mechanism in the event that the relationship sours. Think through the issues which may cause tension in the future and decide on how to resolve these disputes beforehand.

Learn the 15% Rule.

The 15% rule states that 15% of your clients are not worth the trouble and aggravation. When you are first starting out, you do not want to turn clients away. But some clients should be turned away. There will be clients who complain day in and day out. These same clients will fall behind on their bills but call you every twenty minutes. They will challenge every entry on your bill. They are more likely to sue you for malpractice, especially when you try to get them to pay their bills. Have the confidence to “unhire” these clients. There is no benefit in working for free and you will free yourself to find paying clients.

In the same vein, insist on a retainer large enough to commit your client. If the client cannot pay a retainer before hiring you, what makes you think they will be able to pay after you have completed the first month’s worth of work (and paid for the expenses out of your own pocket)? When a client begins to fall behind on their bill, cut them off sooner rather than later. A deadbeat client will have more incentive to fight or sue you if he or she owes $40,000 rather than $4,000.

Practice Pointer: offer to discount a late bill if the client will pay immediately. Cash in hand can often be better than a large receivable.

Sell Value.

Clients typically seek a solution to their problems. While no client wants to pay for a lawyer or a legal dispute, price is typically not their primary motivating factor in hiring a lawyer. Instead, they want peace of mind from knowing that a qualified lawyer is going to resolve their dispute or structure their transaction.

Practice Pointer: Be confident in the rate you quote your client and do not discount it as a matter of course. Build a reputation for the service you provide and not for the “blue light specials” that you offer.

Take Action!

There is no substitute for just doing it. As lawyers we tend to sometimes overanalyze everything. Our clients are often those who jump right in and make things happen.

Practice Pointer: Be willing to take risks and, again, have faith that you will succeed.

Source by Laine T. Wagenseller

In commercial real estate today, the success of any real estate brokerage will largely depend on the quality of the real estate team together with their positive focus and momentum.

Throughout the business year, the sales team will require motivating and coaching to keep them on track through all the pressures and changes of market activity. It is incumbent on the sales team leader to ensure that the necessary motivation and direction is available for all agents and other brokers within the group.

The best way to handle this strategy is to identify skills and challenges applicable to each real estate agent, to help them establish a business plan and goals process, and then to guide them throughout the year as they move through predetermined key performance indicators.

Review your team regularly. Understand their strengths and weaknesses so that you can provide the necessary direct training and motivation in each case. The strength of the sales team leader or agency manager in doing this will largely impact commission generation and listing activity throughout the year.

Here are six ways to motivate encourage the sales team in any commercial real estate brokerage:

  1. Allow each member of the team to set their goals and targets based on their priorities. That should be done prior to the commencement of every financial year. Give each team member two weeks to establish their plan and then have a meeting to discuss where they can explain their priorities and opportunities. Goals and targets should be documented in a business or performance plan for each agent.
  2. Every sales meeting should include a strategy of stories shared from the marketplace; get your top agents to share their experiences when it comes to meetings, listings, presentations, and negotiations. From that process you can add the necessary role playing and skill development to resolve any client or listing issues. That also then lifts the relevance and interest in sales team performances across the group.
  3. Take every agent through a simple analysis of strengths and weaknesses. Get them to agree with you regards their advantages and the opportunities in the market today. The strengths of an agent should be encouraged and consolidated through training and development. Any weaknesses should be resolved through retraining or the provision of resources.
  4. ‘One on one’ coaching should occur when necessary with the right agents that show the commitment to the process. Coaching will only be successful when habits have changed and opportunities are seized. Far too many agents start a coaching process then fail to follow through when it comes to changing critical habits and developing new business processes. If you are going to implement a ‘one on one’ coaching program within the brokerage, ensure that you have the commitment of the team to the process. Personal counseling and key performance indicators should be integrated into the ‘one on one’ coaching strategy.
  5. Every agent will have a different approach to the industry, their listings, the property market, and the clients. They will also have different ways of approaching the business and the daily activities involved. Allow each agent to approach the market in an efficient way with due regard to their business skills and levels of focus. Help them see how they can improve performances based on their work preferences and current business plan.
  6. Make big issues simple. Encourage the members of the team to break the bigger issues down into small incremental steps. Any large change in business activities or business habits can be broken down into a number of different and yet simple things. Key performance benchmarks will help the process. That is how any agent or broker can be encouraged to bring about valuable change and an improvement in personal habits.

From these six simple strategies and activities, any agent or broker can be encouraged to improve performance and change personal habits in the commercial property market. That is the only way to encourage improvements in a relevant way with the things that really matter.

Source by John Highman

Every company has its own name, logo and a concept behind their entire business. These things have their own place in building an image for that company. The responsibility for developing a company's image does not just lie with the marketing department or the CEO, but each and every individual in a firm shares towards it. This is why it is essential that each and every member of your company be incorporated in keeping your company's image at a high pedestal.

Every company launches its marketing campaigns and the basic item in any campaign has to be company stationary used each and every individual for in house and out bound correspondences. The fact is that every letterhead acts as a company's flyer. Stationary items like pens and desk calendars with company logo and name printed work as a small billboard which also has a lot of utility.

These promotional items when distributed to clients and patrons of your company work as a token of appreciation as well as advertise your services and products. But once these are taken by your own employees it has a different impact altogether. It gives them pride and the feeling of being part of the team. This aspect of awareness is now being exploited at the corporate level. Most large companies offer their employees professionally printed stationary and other items of office use. This carries a great motivational value for the staff and creates image awareness which itself is a great way to advertise a company's good repute.

Professionally printed promotional items and stationary leave a very professional impression of a company where it shows up. People take pride in displaying promotional items which are impressive in appearance at their offices. This works as a testimonial of their association of your firm with their. The positive publicity that well printed stationary deliveries can not be denied as this has been experienced and evaluated appropriately and found to work well as an effective marketing tool which also improves in house efficiency.

What actually put this entire campaign in a negative role is the quality of printing. No matter what you are presenting or the quality of your paper, poor quality printing will make the entire presentation go down the drain. Nobody likes to put an ugly looking calendar on his desk and this gives a poor image of the company on the whole. This has to be kept in mind at all times that keeping the printing quality high and professional is the key to a successful marketing campaign.

Source by Owais Siddiqui Jr

Distributing flyers in your community is another marketing strategy for finding private lenders who are interested in investing in your real estate deal. Post flyers at senior centers and areas where high net worth people attend and traffic.

Again, you need to word the content in the flyer as an educational seminar or as an offer to receive free information related to your real estate services. It is important that you remember this to keep yourself out of trouble with the Securities and Exchange Commission (SEC).

Create an Effective Flyer Title

The manner in which the title is worded on your flyer is vital to the types of responses you will get. The more targeted the title is to the audience you are trying to attract, the more successful you will be in attracting highly qualified people that will be interested in working with you. 

  • Generic vs. Precise: If the title of the flyer is very generic, you will get a general audience of untargeted people who may not be interested in what you have to offer. A precisely written title will attract the right prospects that are specifically looking for the service that your flyer is advertising.

For example, don’t just put “Real Estate Seminar” in the title because this is a very broad term. What about the real estate seminar? Why do you want people to attend? What are the benefits? What are your attendees going to get out of it? 


Focus on what it is going to offer to your prospect and be specific. Do not go into agonizing details that are going to make your reader’s eyes glaze over. Provide the reader with just enough information to peak their curiosity so they will attend your seminar.

  • Organize the Format: Organize the format of the flyer so it looks professional. You can do this by having it professionally printed or create it yourself in a simple computer program such as Microsoft Publisher or Print Shop. Make certain it is easy to understand and easy to read and be sure everything is spelled correctly with correct use of grammar.

However you decide to create it, do not handwrite it because it will make you look like an amateur and then people will question whether or not you are knowledgeable and trustworthy. 

  • Enhance with Graphics: Include a picture somewhere on the flyer. This could be a picture of yourself delivering other real estate seminars in front of an audience, a gathering where people are asking you questions, or something else related that will provide the reader with a visual image of the content that is being addressed on the flyer.
  • Prompt the Reader to Take Action: Tell your reader what you want them to do after they read your flyer and provide your contact information, as well as the time and place of the event. You can include an extra tidbit if they call you soon such as a free offer or something related. You could also include a statement at the bottom of the flyer that refers to what they may lose out on by not attending your seminar.

Source by Mike Lautensack

If you are currently in Philadelphia or any of its surrounding areas, you can easily rent out any type of car. Car rental in the region deals in a wide variety of cars such as the limousines, exotic as well as the luxury cars. Rentals that are very common are those being used in special occasions like the proms and weddings. The car rent service providers extend their services to offer a chauffeur at no added costs.

Car rental in Philadelphia includes cars of very high sophistication and elegance. Examples of these are the BMW, Mercedes Benz, Rolls Royce, Land Rover, Bentley, Maybach and Cadillac among many others. Each of these makes a perfect compliment especially when hired for a wedding. However, they too can be used in other events like corporate traveling, weekend getaways and parties. All that one needs to do is make a booking and the team of experts will help out in selecting a seamless car that will fit the needs of the client.

Models of car hire that are a favorite of many people are the Mercedes Benz S550 and GL 550, Maserati Quadttroporte, Cadillac Escalade ESV, Range Rover HSE Super Charged, Rolls Royce Phantom and SUVs among many others. For further details, one is required to consult with the customer service department. Whichever the needs of the clients may be, the rental services go further to ensure that the best of service is offered beyond the expectation of the client.

Some of the most eligible car rental in Philadelphia is the National Car Rental, Thrifty, Budget Rent a Car, Express Car & Truck rental and Payless among several other service providers. With so many car hire service providers, it becomes quite hard to decide on the best one to work with. To get the best; always carry out an in-depth research of each and learn about its previous dealings, the length of time they have been in the market, they type of cars that they offer and comments and critics left by their previous users. It all has to start with making an early booking so that you are able to make a good choice. Last minute rush may leave you discouraged or even with regrets. Secondly, look for a company whose services are close-by. This will help you to save on cost. Lastly, consider the fees that are to be charged. Despite having cars of high quality, their prices should be reasonable and affordable.

Source by Ali Raza

You should consider getting a commercial hard money loan only after you have reached the conclusion that you absolutely will not qualify for a conventional commercial real estate loan. The decision, although tough for most commercial funding recipients, is pretty easy. Either let go of your commercial real estate or accept the terms provided by your commercial hard money lender.

Commercial hard money lenders are essentially your last resort to finance commercial real estate. You are receiving one thing that’s extremely useful in exchange for the relatively high cost of a commercial hard money loan. That extremely useful thing is time. Time for repairs, time for restoration or whatever the difficulties that you’ve gotta surmount are. Whether it is taking your business back to profitability, reducing your debt, time to continue leasing out your commercial real estate, or to restore your own personal credit. We’ve seen so many borrowers end up letting their egos get in the way and turning this event into something it’s really not.

The truth is that, it’s basically an act of courage since you are actually facing the issues you confront head-on and dealing with everything at once, so you are eventually able to to resolve it. And no matter how bad it really is, you can take some pride in that. A whole lot of people today have a tendency to hide from reality and let their problems overwhelm them.

Remember the old saying: “comparing apples to apples”? You simply can’t compare commercial hard money loans to traditional bank financing, which you may have been eligible for 3 or so years ago. However, these days, you’ve really gotta be realistic and compare your intended financing to your existing alternatives. Here’s what your choices are: 1) Team up with a business partner. 2) Relinquish your entire business. 3) Lose your commercial real estate to foreclosure or other mishaps.

Let’s say you own a commercial property that’s worth $2,000,000 and you owe $500,000 on it. So, you’ve got $1,500,000 in equity that you could possibly lose versus paying for high-priced commercial hard money loan. Or say you take on an incompatible business partner who just because you’re pressed for time and need the money. Now, you have at risk whatever equity you’ve got in the property, and then you create further legal difficulties by needing to dissolve your business relationship with that business partner. And if things eventually work out with your business partner, you may even need to trade off a lot more with your business partner than you would otherwise spend in fees to the lender.

Most commercial hard money lenders charge you 6% on the front-end of loans, which is clearly pretty darned expensive. When you’re dealing with terms like that and you want an additional $500,000 to bring the total loan balance to $1,000,000. You’d have to pay $60,000 in fees–in comparison with losing $1,500,000. It is pretty difficult, yet straightforward. So, please don’t let your ego get in the way of your commercial real estate financing decisions. Just face your issues head on, and deal with them one by one.

Source by Charles Emery

If you have some specific dental problems and you have been looking for a good professional, we suggest hiring the services of a good orthodontist. With proper treatment, you can get a great smile and delicious bite without spending an arm and a leg. So, we suggest that you consider the 5 things given below prior to hiring a good professional.

1. Trust-ability

As with choosing any professional, such as a plumber, mechanic, lawyer or accountant, we suggest that you base your choice on the basis of the trust factor. The doctor you choose should have your best interest in mind. He should not look at you as a money making opportunity.

Since the economy has lots of issues these days, you may have heard of professionals who tend to “over-treat” patients in order to make as much money as possible. Some professionals even try to perform treatments that they are not qualified for. As a result, they end up doing substandard treatment putting the life of the patients at risk.

2. Clinical Excellence

At times, you may not be able to determine if the professional will be able to do your work properly or not. To some people, an easy way to know about the clinical experience of the orthodontist is to find out about the school that they studied at or the type of reviews they received on Google and other review websites.

At times, on the website of the orthodontist, you can find before-and-after photos of the patients they treated. However, it won’t be a good idea to rely on these photos as they can be fake.

3. Friendly Office

Do you want to hire an orthodontist who is rude or unfriendly? Well, you won’t if you are a right-minded person. Some people go to a professional only to find out that they are dealing with a rude or unkind person. Therefore, make sure you do your research and make sure the doctor knows how to behave.

4. Fun Atmosphere

Do you want to drag your kid into an outdated, boring office of an orthodontist? Well, most likely you won’t want to do that. If you are a normal person, you want to go to an office where the staff is fun and friendly. If the office has a nice atmosphere, your kid won’t be afraid of getting a treatment over there. At some orthodontist offices, you can find ping pong, video games, and basketball hoops, just to name a few. Moreover, some even have massage chairs for tired moms and dads.

5. Cost

Yes, cost is important too. You don’t necessarily have to go to an orthodontist who is the most expensive in your area. Money alone should not be your decisive factor. Other things are important as well. You should weigh your budget and needs prior to hiring a reliable, inexpensive professional.

So, these are 5 factors that should be considered when looking for a good orthodontist in your area. Hopefully, these factors will find you the best professional in your locality.

Source by Shalini Madhav

Just the other day, I was talking to an acquaintance about a high-tech bicycle gear. Specifically we got into a conversation about portable tire pumps, the little ratchet type pumps which are lightweight and you can take with you in case you get a flat tire on the road, or on a trail the middle of nowhere. They only weigh a few ounces, not even one whole pound. But they sure come in handy if you get a flat tire, patch that tire, and they need to pump your tire back up to continue your journey.

After I finished that conversation, I realized how much I love to go out and mountain bike ride in the trails near where I live. Unfortunately out here in California we've had a few fires, and one of my favorite tracks has actually been burned to the ground, it smells like you are riding through a burned out barbecue, it's ugly, and it looks like hell. Even though one does not know what hell looks like, I think you might say the same thing if you saw it this way.

One of the most interesting things I like to do when I travel is to rent a mountain bike, or borrow one from a friend and find out what sort of trails they have near them, trails I might explore on a mountain bike. In fact, there's a very good book about the mountain bike trails in the Philadelphia area. This is a Falcon Map guidebook, it is a book I own, and one I'd like to recommend you. The name of the book is;

"Mountain Biking the Greater Philadelphia Area – A Guide to the Delaware Valley's Greatest Off-Road Bicycle Rides," by Bob D 'Antonio, Falcon Press, Guilford, CT, 2004, 223 pages, ISBN: 0-7627-2806-X.

This book comes with all the information you need. It tells you where each trailhead is found, how to get there, where to park, the number of hills, number of miles, and suggestions of gear you might need and the time it might take to complete based on your abilities and physical strength. Each trail also shows an elevation chart just like they do in the Tour de France stages, where you can look and see on a graph how many feet in elevation you go up and down as you travel.

If you're going to do any type of mountain biking in the greater Philadelphia area, then you need to get this book as well. It's not very expensive, but it is a must have. Please consider all this and think on it.

Source by Lance Winslow

If you want to visit any of the major cities in the United States this summer, the time to make your plans and reservations is now. Tourism in the United States will probably be up this year as North Americans who can not afford to go to Europe compete for space with bargain-hunting Europeans, Latin Americans and Asians.

There is some good news for budget travelers to the United States. Gasoline is expected to be in plentiful supply this summer, and the price is not likely to rise. It may even fall a little because of the world-wide oil glut. However, gas is probably more expensive in the United States than in Canada, already as much as 50 per cent higher in some parts of the country.

Food costs in the United States are approximately equivalent to those in Canada. In most major cities it is easy to find good, moderately priced restaurants with a bit of looking. As a last resort, you can always turn to the ubiquitous fast food places.

The bad news concerns the cost of accommodation. Many of the big tourist cities, such as Boston and New York, suffer from a general shortage of hotel rooms, and a large shortage of budget priced rooms. At the height of the summer tourist season the few reasonably priced rooms tend to be booked up months in advance.

The same forces that have led to the revitalization of the central part of such cities as Boston, Philadelphia and Washington have sent real estate prices skyrocketing and made the construction and even the operation of budget-priced hotels unfeasible.

For the budget traveler, the choice is to plan travel far in advance or be prepared to pay prices of $ 60 to $ 100 US a day for a hotel room.

If you are traveling by car, you can often find lower-priced hotels and motels on the outskirts of major cities. Look for national and regional budget chains such as Day's Inns, Motel 6, Scottish Inns and Suisse Chalets. It is usually a lot cheaper to stay in the suburbs, drive into the city and pay for parking than it is to try to find accommodation in the central city.

Of course, if you are traveling by air, rail or bus you rarely have the choice of staying in the suburbs, and you must plan ahead. The United States was not really prepared for the recent onslaught of tourists, and the traveler is generally on his or her own to find a place to stay. I have never seen the kind of hotel-finding service common in Europe in any American train station or airport.

Another problem is that you can not assume that a low-priced hotel in the United States will be safe and clean. Often the lower-priced accommodations are located in fringe or unsafe areas of a city. Therefore, the only thing to do is to find out about the city you plan to visit in advance.

Consult columns such as this one, and budget travel books such as those published by Arthur Frommer, which are generally reliable. Consider alternatives to hotels such as YMCAs or YWCAs, or university residences. Almost every city has a convention or visitors' bureau that can supply information on lodging and points of interest.

On a recent trip to several major American cities, I was able to keep costs for accommodation and three meals a day to between $ 40 and $ 50 US, without staying in youth hostels or catering in fast food joints. However, I think this is about rock bottom for a person traveling alone, staying in hotels and eating in restaurants. For a couple the cost could be cut to $ 30 or $ 35 a person a day, and with one or two small children sharing their parents' room the cost per person would be lower still. But do not expect to keep these limits without advance planning.

There is both good and bad news on air fare costs in the United States. At the moment many airlines, including Air Canada, United Airlines and Trans World Airlines, are offering discount fares to or within the United States. For example, TWA will fly you anywhere on its routes within the United States for $ 298 US round-trip for adults, $ 98 for children under certain conditions.

New York Air and Eastern Airlines are currently offering a $ 29 US one-way weekend fare between New York and Boston or Washington. A new airline to be called PEOPLExpress is set to start operations soon with discount fares between many American cities. USAir's unlimited mileage fare, good from Toronto or Montreal, is a good deal if you want to visit several American cities.

The general direction of air fares, however, is inexorably upward. If you do not or can not use the discount fares you will end up paying a lot. For example, regular economy one-way fare from New York to Los Angeles is now $ 438 US on United Airlines.

Source by Muttakhidul Fahmi

Smart Philadelphia homeowners want to know the score before they decide, "I want to sell my house." Understanding the market can make all the difference between simply unloading your home or getting the best possible deal on it. Educated sellers are able to contribute significantly to the sales process, acting as team players with their realtors.

If you're planning to sell your home, it pays to ask the important questions and have market data at your fingertips.

If I do decide to sell my house, how long can I expect it to be on the market?

Due to an 24 percent decrease in inventory-ie, the number of homes for sale-compared to last year, Philadelphia home sales moved fairly quickly in 2017. Generally speaking, Philly houses sold in an average 98 days last year, about two weeks faster than the year before. Quick turnaround is a trend that's expected to continue-even even faster-as long as the supply of houses for sale remains limited.

What is the average selling price of houses in Philadelphia?

Because December 2017 continued to see a hot seller's market in Philadelphia, home values ​​have gone up-9.1 percent in the past year alone. Experts predict this trend will continue in the coming year. Right now, homes in the city sell for an average of $ 145 per square foot, for a median closing price of approximately $ 180,000. This represents an average 97.2 percent of the list price and an all-time high for homes in the City of Brotherly Love.

How many homes were sold in Philadelphia during the last few months?

According to Realtor.com , some 12,776 homes have been sold in Philadelphia in recent months. Long & Foster's Market Minute indicators December 2017 alone saw 1,309 homes sold in Philadelphia County, a 3 percent decrease from last year directly attributable to the 24 percent decrease in the number of homes listed.

What are the current trends in the Philadelphia housing market?

The Philadelphia housing market continues to be a strong seller's market. Real estate is trending upward and expected to do so for the foreseeable future. Construction has exploded in emerging neighborhoods, increasing demand in those areas. Experts predict between a 5 and 6 percent year-on-year surge in median sales prices as new listings continue to dwindle and demand continues to increase. In other words, the market is, and will continue to be, hot for sellers and very competitive from the buyer's standpoint.

Source by Shaun Greer