Housing News ending week of October 12, 2018 (source: Markets in a Minute)
Today buyers are really paying attention to the flooring in homes. You would not believe how many buyers want to rip out all the carpet (even if it is nicer carpet). I had one buyer who was able to replace all the flooring in their home and it looked amazing. But not all buyers can afford this, especially first time home buyers.
So I was searching around and found some great options if you have vinyl or linoleum or even a beat up floor that needs refinished but really is at the ends of its life. There may be this fabulous estate but very dated, you want it but don’t have the money to change out (right now) that old vinyl that is in great shape but from the 70’s or 80’s. Why not try paint? It sounds crazy but check out this article, I came across.
Pittsburgh has been making headlines especially in the last two years. The city has done it again. Pittsburgh also has a strong university presence. There are over 12 Universities here in Pittsburgh. This equates to great employment opportunities and livability as these schools are large employers.
“Pittsburgh has a really great cultural scene. We have a great ballet and a great symphony that travels the world and performs to packed houses, and there’s a restaurant scene that’s much more diverse than it ever was when I was growing up,” says Wendy Hermann, director of student services for master’s programs and a Pittsburgh native. “And it’s an easier sell, now that the Steelers and Penguins won their respective titles.”
Indeed, Pittsburgh’s art scene, job prospects, safety and affordability make it the most livable city in the country, according to measures studied.
This morning the agents in my office visited a few new homes that cameÂ up for sale.Â Â It is an older home great shape but needs some updating and would make a great starter home.Â It has two full baths,Â brick, and is cape cod style.Â There is another home on the property that has two bedrooms, block building, real cute, would make a great rental.Â Both are located on a 1.6 acre lot.Â The property has plenty of level area for picnics or playing but over in the corner is . . . . a cemetery.Â It is aÂ quite interesting.Â Would that keep you away or give you interest in buying?Â There appears to be about maybe about twelve grave stones.Â The stones date as far back as the 1700’s.Â It is surprising that you can even read some of the stones. Â I was able to snap a few with my cell phone. This property is only maybe about 2 miles from our office.Â It comes with a cute stove too.
So in summary:Â Two homes (a two and a three bedroom) on 1.6 acres and a cemetery for a little over $100K.
Many recent transactions and potential transactions that I have dealt with have been buyers who were enticed by the first time home buyer tax credit.Â Since you must close by November 30, 2009, the window is no longer open.Â Â The market has changed this month.Â I believe buyers are holding out to make their next move.Â Â It appears that the tax credit has done its job by pumping up the economy and reducingÂ inventory.Â The National Association of Realtors is pushing for an extension of the tax credit.
Here is some information from the National Association of Realtors:
â€œThe data on the present home buyer tax credit show that the credit has had its intended impactâ€”sales have jumped in recent months to a projected 5.1 million for the year and housing inventory has been trimmed, thus stabilizing home prices noticeably,â€ Phipps said.Â He also pointed out that each home sale generates approximately $63,000 in additional economic activity, providing a tremendous economic boost to the national economy.”
Read more . . . .
Additional Tax Credit Info
Attention Investors:Â This is an up and down duplex.Â Three bedroom on upper level unit (consists of 2nd and 3rd floor)-Â rents for $650/mo.Â First floor level consists of two bedrooms – rents for $600/mo.Â One year leases for both units were signed September 2009.Â There is a garage also that is rented out for $35/month.Â Â Sale Price:Â $46,900. Â Current owner has made many recent upgrades to the property. Â Contact today for more information and an appointment.Â MLS #795248, 204 Hancock Ave, Vandergrift, PAÂ 15690
Wonderful New Listing!Â Make your appointment today!
* Four Bedrooms, 3 1/2 Baths Brick Colonial
* Almost 2 Acres
* Private Country Dead End Drive
* Tiered Decks in Rear Fenced Yard
* Heat Pump, New Roof
* Finished Basement with Huge Game room and walk out to patio
* Large Laundry and Possible 5th Bedroom in basement
* Lots of Privacy, Much, Much More
Realtors stop in to 19 Donna Drive, Washington Twp, Apollo, PA from 10 am to 12 noon. This is a great opportunity to see a wonderful colonial home on almost two private acres. Homemade goodies will be served. See you there.
I was excited to hear again today that Pennsylvania came as having one of the best mortgage rates in the Nation. Buyers are out there taking advantage of the first-time home buyer tax credit, the inventory, and the great rates. Don’t miss this great time of opportunity.
Check out this recent report from the Pittsburgh Business Times.
“The average rate for a 30-year fixed-rate mortgage continued to drop last week, with Pennsylvania among the lowest rates in the country, according to Web site Zillow.com.
For the week ended March 22, the national average 30-year rate was 5.06 percent, down from 5.21 percent the week prior. In Pennsylvania, the 30-year rate was 5.02 percent for the week ended March 22, down more than 3 percent from the previous week’s rate of 5.19 percent, according to Zillow.”
Here is a great listing that has recently been reduced for a prompt sale.
*Â Two Bedroom, 1 bath
* Basement, Living Room, Dining Room, Kitchen,
* 1-2 off street parking, large front porch with swing,
* FurnaceÂ approximately 1 1/2 years old
*Â Ready to move in!Â A great buy for the money
*Â All offers subject to bank approval
404 1/2 Franklin Avenue
Vandergrift, PAÂ 15690
Contact me today for an appointment!
Refer to MLS #759885