Archive for December 28, 2011

Walk away or Sell Low in Pittsburgh?

Many people are faced with the decision to continue to lower the price of their Pittsburgh house and hope someone buys it or walk away. Instead of going the lowball route you can sign a new listing agent and have them list the house as a “motivated seller”.

However sometimes foreclosures are the only viable option. But try to contact the bank and work out a short sale. Remember that you are in the same boat as a lot of people. Don’t give up the farm and don’t give up!

Here are a few websites with great information!

Selling For the First Time in Pittsburgh

Selling a house for the time first in Pittsburgh can be just as stressful as buying a house for the first time. Here are a few tips to help your transaction go smoothly. Make sure you price your house realistically. This is a tough market and having the house priced correctly from the start can help you sell the house quickly. Be prepared to lose money, you probably won’t get what you paid for the house and definitely won’t get more than you paid, accept that early on. Any extras you throw in will help entice potential buyers.

Buying a Home in Pittsburgh: How Much Space Do You Need?

Whether you’re buying your first PA home or moving to a new home due to size or neighborhood constraints, there are a number of things you’ll want to think about before you even start your search. Location, age, style…these are all important considerations that will impact your home purchase.

However, no matter if you’re searching for condos in Pittsburgh, luxury homes for sale in Wexford, or more family-oriented real estate in Pine Township, one of the biggest selling points will be size. How much home you buy will impact your ability to accommodate your family, your belongings, and your life, and square footage is often one of the best ways to maintain resale value. Many homebuyers in the Pennsylvania region adhere to the adage that “bigger is better,” and the homes for sale in the market today reflect that.

Pittsburgh Real Estate during the Holidays

Now is still a really good time for Real Estate in Pittsburgh, Wexford, Gibsonia Pennsylvania areas. Buyers can, and do, get serious during this busy time of year. Lots of sellers take their homes off the market during the holidays, assuming no one will be buying at this time. But with serious buyers still out there and a lower inventory of homes, your home has a good chance of standing out. With fewer homes for sale, competition is decreased. There are good reasons to sell your home during the holidays.

The Hidden Costs of Refinancing in Pittsburgh

When refinancing your house in Pittsburgh there are some hidden fees that many people don’t know about. 1. The application fee, which you will pay regardless of whether or not you’re denied. 2. Loan origination fee, the fee for processing and preparing the loan. 3. Inspection fee, some appraisers require you to get your house inspected first. 4. Attorney review and closing fee, you may be required to pay the attorney fee.

There are several other costs, before refinancing make sure you know what you will have to pay upfront. Read the contracts and ask questions. You don’t want to have any surprise charges.

Benefits of a Pittsburgh Home Inspection

Although new tax breaks and great housing prices in Pittsburgh, Wexford and Pine Township make buying a home easier and more cost-effective than ever before, it can still be a daunting task to undertake the path to home ownership. In addition to the stress of moving, you’re probably worrying about things like loan processing fees, down payments, mortgage options, and closing costs. Even with a financial advisor and a realtor at your side, these can add up to quite a bit of hard work!

Costly Contract Errors in Pittsburgh

The last thing you need when buying a house is more cost in Pittsburgh. Don’t make these costly home buying contract errors. Make sure the contract says exactly what you want it to say. Sometimes the language can mean something completely different from what you think it says. Make sure contingences are written in full sentences. That will lessen the confusion.

Give yourself time to get a loan, and then you won’t be rushed and are less likely to miss a vital part of the contract. Be specific about which items are staying in the house. Know the effective dates, the day you sign isn’t always the effective date. Make sure you know when that starts. Get everyone to sign, both spouses for your side and theirs.