Understanding your debt-to-income ratio when purchasing a home is essential, especially now that interest rates have risen. A debt-to-income ratio (DTI) measures how much of your monthly income goes toward debt payments. The Debt-to-Income (DTI) ratio is a revealing metric, indicating whether your debt aligns reasonably with your earnings. Striking a balance in debt obligations is vital to fostering stable … Read More
Pittsburgh Homeownership: Your Path to Financial Stability and Wealth Building
Pittsburgh homeownership is an avenue toward building wealth. Wealth building is simply increasing the net value of your total assets. Calculating your net worth is simple: Subtract the amount of money you owe (liabilities) from the value of your possessions (assets). There are two ways you can build your net worth through homeownership: Equity Owning a home allows you to … Read More
Tips for Pittsburgh Homeowners That Can Help Improve the Climate
Pittsburgh homeowners can take action and do their part to protect the environment as the effects of climate change become more apparent. There are simple steps each of us can take to contribute to a greener, more sustainable future. In February 2022, the United Nations Intergovernmental Panel on Climate Change published a report that recorded some serious issues. One of … Read More
Understand the Benefits of a Home Warranty Protection Plan
Have you ever seen a for sale sign with a “home warranty protection plan included” rider? If so, you may wonder what a home warranty is and whether it’s worth it. There often needs to be clarity surrounding a home warranty and how it works. A home warranty protection plan is a service contract rather than an insurance policy. Standard … Read More
Understanding Homeowners Insurance for Your Pittsburgh Home
Pittsburgh home buyers must obtain a homeowner’s insurance policy when they obtain a federally-backed mortgage to purchase their new home. There are two reasons you will want to purchase a policy for your Pittsburgh home. To protect your possessions. To satisfy the mortgage lender’s requirements. If you are financing your home with a mortgage, the lender will require a one-year … Read More
Four Benefits of Pittsburgh Homeownership
There are many benefits to Pittsburgh homeownership. Homeownership has long been considered the American Dream. It can mean different things to different people. There has been a steady rise in homeownership since the 1900s. Let’s take a look at four benefits of Pittsburgh homeownership. Financial Benefits The most apparent benefits are financial benefits. A home purchase is one of the … Read More
How Can You Maximize the Value Of Your Pittsburgh Home?
Can you maximize the value of your Pittsburgh home? Many homeowners are questioning this, especially now that the market is shifting from the unprecedented sales we have seen. However, the cooling market does not mean you can not sell your home for the best price. I have seen the market shift several times over my real estate professional career. Homes … Read More
Now More Than Ever, Pricing Your Pittsburgh Home Matters!
A shift in the real estate market will make pricing your Pittsburgh home correctly even more critical. If you have watched the news recently, you have most likely heard that the market is slowing down. With the possibility of a recession looming, everyone is being more cautious. But, people will still need to buy and sell homes. The market isn’t … Read More
Are You Ready To Downsize Your Pittsburgh Home?
The decision to downsize your Pittsburgh home can come anytime. Many choose to downsize after their children have left home. The popularity of simplifying can also be a factor in downsizing. Whether your house is too big, too costly, or too difficult for you to maneuver, downsizing will be an adjustment. If you are unsure whether you should downsize, start … Read More
Is Pittsburgh Homeownership Right For You?
If you consider Pittsburgh Homeownership, you may wonder if now is the right time for you. There are some reasons that renting may be a better option for a few, but there are many more benefits to owning a home. Let’s take a look at some of the benefits of Pittsburgh homeownership: Financial Benefits A home purchase is one of … Read More