As you may have heard, the Pittsburgh Real Estate Market has been booming! It’s a seller’s market & there are not enough homes on the market for the number of buyers looking for a home to purchase. Even still, there are obstacles to overcome even in a busy market.
Some of the obstacles I see are:
Determining the market value of your home is one of the first steps in the home selling process. In a hot real estate market, it is a common misconception that you can ask a much higher price for your home. A savvy real estate agent will find the most recent sales in your area for homes that compare to yours and guide you to a price that is substantiated by those comparable homes. This is the information that a real estate appraiser will be looking at when it comes time for the appraisal also.
Repairs and Preparation
Any repairs and preparation should occur prior to entering the home in the MLS. Preparing the home to sparkle and shine during showings is still important in a hot market. You may be wondering why. The buyer will form 1st impressions from the moment they pull up to your home. If they feel there are too many repairs, or that the home has not been well maintained they may move on to the next home.
Some buyers want to purchase a home in mint condition at bargain prices. Some buyers do not want to move into a home and make repairs, whether large or small. They will make a low-ball offer based on their emotions, rather than market conditions. Their offer price can sometimes be based on what they feel needs done […]