Discount Brokers: The Real Deal

We have all heard the old saying, “If it sound like it is too good to be true, it probably is.” Unfortunately, this is typically the case with discount brokers. Whenever the real estate market reaches a high point, tons of new, discount brokers and startup companies seem to appear out of nowhere. They come promising dramatically decreased commission percentages in exchange for their discounted services. Now, we understand how appealing this may look but I want you to be informed and aware of the risk involved when you come in contact with these operations.

As an experience realtor, I have seen the poor service that these organizations provide on numerous occasions. Many of these companies require upfront payment in order to list the property in the MLS and then disappear, leaving clients baffled, confused and alone.  Eventually, the companies disappear completely, leaving a great deal of wreckage behind.

Be Forewarned! These individuals do not do the same job as legitimate, real estate professionals. They will not take the time to market your home, manage paperwork, host open houses or guide you through the negotiation process like genuine professionals. They will simply cash your check, list the property and disappear.

Bottom line, if your home is not a discount property, then do not list with a discount broker. Those flashy and appealing discounted rates could end up costing you more than you ever imagined. Be safe, be smart, and beware of the discount broker.

For a name you know and a Realtor you can trust, contact me today!
Jim Onesti – BHHS Fox & Roach – McCann Team – 215-627-6005 Main
215.440.2052 Direct or jonesti@mccannteam.com 

Another Incredibly Successful Development Story!

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1323-41 N Howard Street is just another in our
many developer success stories!
We sold this to one of our builders, it was an off market lot
Never hit the MLS!!
The 21 homes are now being built && we have already pre-sold
13 of the 21 homes!!
howard
Be sure to keep in touch for off market lots, shells, multi’s and fixer uppers.
Jim Onesti & Mike McCann – BHHS Fox & Roach.
215.627.6005 Main or 215.440.2052 Direct
Best way to get in touch: jonesti@mccannteam.com

Build Your Dream Home in the Meredith School District!

NOT ON THE MLS!

Bella Vista LOT APPROVED for a 4000 sq’ home

Located in the Meredith School District Catchment

Build your dream home! Several comps well above $1,000,000+++
OR build a custom home for a client!!

Click Here For Plans: A  B  C  D  E

For more information contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com

BHHS Fox & Roach – Mike McCann Team – Main 215.627.6005

4 Amazing Development Opportunities!!

Not yet on the MLS

1713 S. 9th Street. Passyunk Square. Huge 2 story corner home with GARAGE, deck, 4 bedrooms and two baths. Needs updating but in great condition! Asking $225k

1318 S Opal, Point Breeze, $79k. Two stories, needs complete renovation.

1320 S Cleveland, Point Breeze, $89k. Two stories, needs complete renovation.

14 lots in Northern Liberties, fully approved for town homes with garages and parking. $150k each!

Contact Jim Onesti for more info. 215.440.2052 or jonesti@mccannteam.com
BHHS Fox & Roach Realtors & The McCann Team. 215.627.6005

Finally! Blumenfeld Buys the Divine Lorraire Hotel- North Broad Street Philadelphia

  • To no one’s surprise, developer Eric Blumenfeld has acquired the title to the Divine Lorraine Hotel, Philadelphia’s most famous abandoned building and the endlessly fetishized subject of photo essays, movies, academic papers, citywide debates, cultish adoration, and mayoral declarations about the city’s renewal. Indeed, it’s not a stretch to say that this building, more than any other in Philadelphia, has exerted an almost hypnotic hold on the city’s imagination.

Despite rumors of other interested bidders, it became clear rather early on that Blumenfeld, son of real esate magnate Jack Blumenfeld, was on the inside track. He garnered City Hall’s support due to his proven track record on North Broad, where despite the skeptics, he took an abandoned building and turned it into 640 North Broad, an apartment building with Marc Vetri’s destination restaurant Osteria. (Now he makes $2 million a year from that building alone.) He converted the Wilkie Buick dealership into into another foodie haven: Stephen Starr‘s Route 6 and Vetri’s Alla Spina. He’s bought other properties along this stretch that he has big plans for, including the Metropolitan Opera House. More than anyone else in Philadelphia, Blumenfeld has made it his mission to transform a rather desolate, ignored area into the next Place to Be.

Blumenfeld’s plan for the building, according to the latest Inquirer piece, is to have 125 loft apartments, as well as new restaurants on the bottom two floors. Rumors have been swirling for weeks that Iron Chef Jose Garces—who owns 15 restaurants in Philadelphia, Palm Springs, Chicago, Scottsdale and yes, Atlantic City.