The Real Estate Market in Northwest Philadelphia (Roxborough/Manayunk)

Real Estate Market in Northwest Philadelphia

(We’re Buying Property 215, two brothers passionate about real estate that were born and raised in Roxborough/Manayunk. In this blog post, we explain the transformation of the real estate market in Northwest Philadelphia over the years. We also describe the unique style and beauty of Northwest Philadelphia, in particular Roxborough, Germantown, Manayunk, & Chestnut Hill.)

Born & Raised in Roxborough

Growing up in Roxborough, I’ve seen firsthand the real estate market transformation in the section of Northwest Philadelphia. Roxborough was discovered in 1682 originally where the wealthy individuals in the area resided while Manayunk housed the factory workers and their families. Roxborough, Germantown, Manayunk, and Chestnut Hill are unique and gorgeous; some houses resemble miniature castles. I have seen the transformation in prices throughout my life, and our mother brought her first house for sixteen thousand dollars on the border of Roxborough/Manayunk. Our parents got their first joint property together around 2001 from sheriff’s sale for sixty thousand dollars with some required work; that property is currently worth 350,000 after rehab value. I always remember my neighborhood being a hard-working middle-class with deep roots in the area during my childhood.

The Current Neighborhood

The faces in the neighborhood have changed over the years, the older people passed & most of the following generation moved out of the city. The majority of individuals who currently reside in the area are young professionals and young couples just beginning their families who want to live in the city but prefer a suburban feel. The prices in Roxborough & Manayunk would completely surprise my grandmother’s generation and their ancestors. A property six years ago is currently worth three times the value; some of the new construction homes are going between six hundred thousand to one million throughout the entire neighborhood. In my opinion, the numbers can’t go much higher; Roxborough is considered a top 10 part of Philadelphia to reside. The numbers are right around their peak. If there’s any time to sell my house, it’ll be before the price decline.

If You Decide to Buy or Sell Property

If you decide the best time to sell will be now, consider selling your property to “Buying Property 215.” We’re two brothers born and raised in the neighborhood. We purchase property regardless of the situation & within any condition. Although there are different routes for selling property, the most common method is a traditional on-market sale. Selling property on the market allows you to get just about the most possible on your property, but this option can be a multiple-month process that may require house repairs or updates to meet the state-issued standards. After the property is listed and the inspections are completed, you’ll have to wait for a qualified buyer to submit an offer patiently. It’s a similar scenario when you approach the “for sale by owner” route, and you’ll have to locate the correct qualified cash home buyers. When a homeowner agrees upon our offer, we submit proof of funds to prove we can purchase your property. Then, when you sell to us, you avoid any fees & the 6% commission if listed with a realtor on the market. Our simple process typically takes up to 3 weeks to complete the transaction, although we work on a time frame best suited for the homeowner. We don’t require any inspections, and we purchase property as-is. Once we agree upon the price, we send our contract/agreement to a reputable title company to begin the title search. Once we receive a clear title, the title company will set a closing date. At closing, we will sign the completed paperwork & the homeowner will receive the funds through a wire transfer, or the title company will issue a paper check.

Buying Property 215, a family-owned real estate company located in Philadelphia! The Real Estate Market in Northwest Philadelphia (Roxborough & Manayunk)
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