Architect Pete Dye doesn’t build run-of-the-mill golf courses. His designs are sought out nationwide by golfers looking for the most innovative and demanding layouts the game has to offer. A Dye course becomes a destination unto itself.Placing yourself in a choice college can be a numbers game, and if your GPA or tuition veers off, your most frugal and strategic bet might be to transfer.It’s impossible not to notice how the faces in this photo have matured since you last saw the Jonas Brothers — that is, unless you’re one of the rabid fans who have made their previous tours into sell-out smashes.
Gary Poliakoff, a real estate expert, recommends exploring three key questions before bidding.
1 What percentage of the residents are in lender foreclosure? That directly affects money coming into the condo association.
2 What financial reserves are maintained by the condo association?
3 Are there restrictions on unit use, such as leasing?
Keys in hand, Ali Cohen makes her way through the Phoenix condominium, showing off hidden features in this restored 1925 structure. The building, now converted to luxury condos, is pretty desolate: A single resident lifts weights in the gym on the fourth floor.
The vacancies are why Cohen is here. Thirty-six units in this National Historic Landmark building will be auctioned by Accelerated Marketing Partners on April 29. The company has created auctions for similar upscale properties across the U.S., including the Mura, and Cohen has been keeping busy. “Obviously this business is very busy in a bad economy,” she says.
The auction will feature one- and two-bedrooms, ranging from 763 to 1467 square feet. The minimum bids will range from $185,000 to $415,000, less than half of what they were originally offered for.
But there are things to watch out for. “Buyers are looking at the price and the tax credit, but they really don’t understand the shared ownership concept,” says Gary Poliakoff, the co-author of “New Neighborhoods: The Consumer’s Guide to Condominium, Co-op, and HOA Living.” Check out his advice at left.
If you go
Auction event
April 29, 6 p.m.
Westin Philadelphia
99 S. 17th St.
Open house: Until April 27
215-854-1770
www.thephoenixauction.com
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In the July MMMpod, Young Veins talk about breaking away from Panic! at the Disco, Keith Lockhart talks about Buckwheat Zydeco throwing the Boston Pops for a loop, Zooey Deschanel talks about how Roy Orbison inspired a She & Him song, Derek Miller of Sleigh Bells talks about how awesome Funkadelic is, and we talk about how awesome Jimmy Cliff is, who in turn talks about Sam Cooke and divine intervention. An explosive show for July! Oh yeah, and we also test your knowledge of America songs in the MMMPod medley.
