Tag Archives: market

Interesting Stat Regarding Staging

“According to the Real Estate Staging Association, homes that are staged sell in 73% less time than homes that are not staged (RESA, 2012). This means that while buyers may say that home décor does not matter to them while shopping for a home, stats show that it does. ”  – Mckissock CE

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Why I Love My Job

Always appreciate a happy customer. This is why I like my job. Thanks to Chris and Faith L of Apollo

See more: REALTOR.com

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Not All Home Improvements will Help Your Homes Property Value

Chairs on patio and porch at luxury hotel

If you want to prepare your home in thoughts of selling in the near future or making the right choices for resale even further down the road, think twice about doing the following home improvements:

1) TURNING YOUR GARAGE INTO A MAN CAVE – Believe it or not, that awesome hide-away for the kids or the football game can hurt the value if you are loosing your garage. It did happen to one of my sellers in the past. First they took away the garage for more living space (even though they left the door in). This change took away value mostly because it no longer conformed to the neighborhood even though the living space increased. The garage was in the basement and sometimes below grade finished living space does not always get a return on its cost (according to an appraiser I know). This property took a hit on the appraised value and my clients actually had to lower the price for the buyer to cover it. Not to mention the price hit but not having a garage is less attractive to buyers. So so many people want a garage, especially in Pennsylvania.

2) INSTALLING A DECK OR PATIO (This is something that you are better of doing) – If all your neighbors have a deck and you don’t that is typically a reason for the appraiser to give you a hit in value. You don’t confirm to the neighborhood comps. Who does not love outdoor space, anyway? I had a house that had trouble selling and I can tell you a buyer bought the neighbors listing because it was cheaper and had a deck. It was the same square footage. Ouch!

3) DONT REMOVE OR COMBINE BEDROOMS – If you have gone from 4 to 3 and have the same space, keep in mind you would be comparing to 3 bedroom homes which are typically lower in price thus loosing value. Square footage does not always matter. It has been my experience that buyers want a 4 bedroom rather than a 3. Alway keep that extra bedroom if you have it. It will generally give you more value.

4) DONT REMOVE CLOSETS – If you can make more or make a walk-in closet. If you remove a closet, the room may not always be considered a bedroom. Women today have so many clothes, and even some of those men do. Closets are always a perk!

5) REMOVE WALLPAPER – Wallpaper may not decrease the value on an appraisal but it will make the buyers walk 99 percent of the time and the home harder to sell. Wall paper is an immediate check list for work and it is a bear to get off no matter how you do it. It is very hard to change and get to the popular neutral colors . I have literally had people refuse to go into a house because the every wall in the home was wallpapered. There have been sellers that have issued credits to have wallpaper removed and have removed it all. Be wise.

6) POUR A NEW FRONT WALK – I have sold new construction homes and one builder in particular gives the buyer temporary pavers to start for the front walk way. The pavers can look nice if they are cared for. After a couple of years they often need to be reset and adjusted if you are keeping them. I asked an appraiser if the value increased if the seller poured new walk way for $5000. The answer was no. There is still a walk way just made of something else or replaced with different material. If it was a high end finish then maybe an increase in value.

Talk to your real estate agent before you do anything major if you are even considering moving. You will be glad you did.

Condo Living at Its Finest

Fabulous New Condo in Murrysville that is ready to move into. The community has a club house with a Kitchen, Gym, and Pool. Contact me to set up a showing. Amy 724*448*0085 cell/text

Click here to view listing

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Fall In Allegheny Twp, PA

October 2015 -Allegheny Twp, PA

Photo by Amy S Myers

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Why Rent: Advantages of Home Ownership

It’s staggering when you think about the cost of living, especially if you’re a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, over the next three years your property management company will effectively have reaped $36,000 of your hard earned cash. In most cases, you know your rent will go up every year, even if you live in an area that has rent control regulations. You’re paying the mortgage for the property owner, when you could be building equity in your own real estate investment.

The tax deductions available to homeowners vary, but there are solid rules the IRS lines out for us. Real estate taxes, mortgage interest, pre-paid interest, and interest on construction loans are all things to take into consideration as tax benefits.

Author: Todd Fletcher
Todd Fletcher
Mortgage Advisor
Equity Lending Group
Phone: 724-453-0335
tfletcher@equitylendinggroup.com
Published with Permission

If you or someone you know is currently renting, inquire about the many low- and no-down payment loan programs that are currently available to prospective home buyers.

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If you are renting seriously think about buying don’t give up. I have many people come to me and think their credit scores or too poor or they don’t have enough money. I suggest that they talk to their mortgage agent or suggest a few for them to speak to. Sometimes it is true and sometimes it is not. I closed a house this month, and the buyer had a 581 credit score. A score like this does not mean a loan will definitely go through, but you – never know. There are many things that go into getting a loan approved. – Amy

Great News for Pittsburgh Area Home Buyers

Get ready to jump in to the housing market as this is a great time to buy.

“Amid all the bad news about the housing market, there is some good news—for buyers. Plummeting prices have made homes more affordable. And a new tax break could provide a federal income tax credit of as much as $7,500 for qualified first-time buyers.”

Pittsburgh again noted as top city for affordable housing.

“Other big towns were much more affordable; among them, Cincinnati, St. Louis, Pittsburgh, Atlanta, Minneapolis, Denver, Dallas, Washington, and Las Vegas, where 60 to 80 percent of homes were within reach of median income families. ”

Read more from the article quoted here.

Lots of Fun Things Going on in Pittsburgh

I was delighted to hear that fun things are happening in Pittsburgh. Did you know that Pittsburgh has a large working population which has increased by 28,000 since 1996? Large companies have announced moving headquarters downtown bringing even more jobs in. Read more exciting news about shopping and restaurants.

“In the face of gloom and doom spreading across the country, Pittsburgh’s Downtown is enjoying a bit of a building boom in housing, office development and retail.

The former Lazarus store is being converted into condos, shops, restaurants and offices.” and there is more.

quoted from:Â http://www.post-gazette.com/pg/08341/932158-65.stm

One Floor Living in this 3 Bedroom Brick Ranch

Check out this featured home that has just returned to the market.

This immaculate all brick ranch home has three Bedrooms, and two full baths. Neutral decor in the main living area. There is a large Living room with hardwood floors. You will have lots of room for play in the yard that includes a pool. This home has a spacious two car garage with lots of parking in the driveway. Contact me today to view!


For more details click here.

Pittsburgh Lands Spot for Top Bargain Market

It is great to hear that Pittsburgh comes in on various lists for top cities in the country for affordable and favorable living. It is a opportunities in healthcare and technology continue to strengthen the area. I recently read an article by Melinda Flumer of MSN Real Estate that ” Pittsburgh has shaken off its steel-town image to be an attractive and desirable location for families and retirees. In addition to housing many major corporations, it is home to Duquesne and Carnegie Mellon universities. The employment picture is solid . . . ”

Read more and be proud to be a part of this area.