Just Sold In University City

Another successful investment property sold by Reid Rosenthal & The Rosenthal Group! This sale presented a unique challenge as the market experienced a downturn just as we listed the property, and interest rates began to rise. Despite these obstacles, we secured an offer from a buyer conducting a 1031 tax exchange who also needed to close on two pieces of land elsewhere. When unforeseen land approval issues delayed that sale, we got creative. Instead of canceling the transaction and starting over, we arranged a non-refundable escrow released to the sellers in increments for each week the land didn't settle. This strategy resulted in our clients receiving an additional $20,000 on top of the sale price, giving the buyer more time to finalize the 1031 exchange. It was a win-win for everyone involved. Congratulations to our sellers and the buyer of this fantastic multi-family property with parking, just steps away from the Hospital of the University of Pennsylvania and UPENN! Having an advisor with your best interests in mind is very important when looking for an agent to work with.

Phone(267) 626-7613

Email[email protected]

Address Reid Rosenthal & The Rosenthal Group
Berkshire Hathaway Home Services Fox & Roach REALTORS
112 S 19th Street Suite 200
Philadelphia, PA 19103

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