Move Out and Move In!

We’ve been cooped up in our house for nearly a year now with this pandemic and are feeling like it’s time for a change. Your thoughts?

We are in the absolute best sellers market I have seen here in western PA in my 22 years in the business! We have less than one half of the inventory in our MLS right now than we had last year, which was also a historic low.  Prices are rising faster than the algorithms that predict price can keep up with.  This is fueled in part by historically low interest rates, which we do anticipate will hold through this selling season – but I would not count on 2.5% interest rates being the norm forever. Buyers are able to afford more with these low rates, which is supporting the increasing prices.  We are also seeing an influx of coastal buyers – most of these people have a prior connection to our region – many of them are returning “home” to be closer to family.  I honestly have lists and lists of buyers seeking a home for their families in our area.  So YES!  If the pandemic has caused you to reassess your home or your lifestyle, there is no better time to reach out to me than TODAY to discuss the possible sale of your home.  Sadly, my crystal ball is out for service so I can’t predict 2022 or forward, but what I can tell you is that now is a great time to be a seller.

The big question is of course where are you going to go?  If you have dreamed of moving to a warmer location, now is the time to dive deeper into that dream and make it a reality.  If you want to move to be closer to your family in another city, also a great time to make that happen! If you are working in another city remotely and just sticking around Pittsburgh and waiting for the pandemic to end, now is the ideal time to pack up and make that move.  If you own multiple homes and aren’t in the Pittsburgh region too often anymore, now is a great time to liquidate  your Pittsburgh area housing investment and invest elsewhere.  If however you aren’t leaving the area and you don’t own another home to move to (at least temporarily until the housing market changes courses and becomes a buyers market again – and yes, the market ebbs and flows – we will see another buyers market in the future), then we should chat about what options might work for you here in Pittsburgh!  Please reach out to me and lets start a conversation about how I can help you achieve the highest possible price for your home and make your real estate dreams a reality!

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    I’m ready to answer any questions you have regarding your real estate needs.
     
     
    Kathe Barge, CRS, ABR, CNE, SRES
    Associate Broker
    HOWARD HANNA
    REAL ESTATE SERVICES
    401 Broad Street
    Sewickley, PA 15143
    Cell: 412-779-6060
    Office: 412-741-2200 x238
    kbarge@howardhanna.com

    2020 Year In Review

    Now that 2020 is coming to a close, do you have any reflections on the year in real estate?

    2020 is a year we will all be happy to see in the rear view mirror, and that day is coming soon! In March, we were all worried that the pandemic would result in a major down turn in real estate, and for a couple of months, the market barely had a pulse.  But when we moved out of the “red” zone, the market came crashing back like nothing we have ever seen before.  While there was a huge influx in inventory that resulted from the near zero level of new listings in the “at home” months, there was an even larger crush of buyers looking for a new home, and the summer months were plagued with bidding wars at many price points.  The lower price ranges saw significant appreciation as buyers vied for an opportunity at an affordable home in our school district, but even the two million dollar market saw more sales than it had in several years.  In most years, our market slows down in August, but not this year. As we head toward the holidays, we don’t have the extreme over-supply of buyers that we saw this past summer, but many homes are still selling fast and for top dollar. 

    As we move into the new year, buyers are getting anxious.  We are seeing minimal new inventory (not unusual this time of year) and they are justifiably anxious about whether there will be a nice selection in the spring.  Being “stuck” at home, many homeowners have taken the opportunity to fix up the home they live in, and there is a real possibility that more people may be staying put for 2021 and enjoying the fruits of their labors. In the coming months, buyers will need to be prepared to compromise on their must haves and act fast if they see something that meets most of their wish list.  And of course sellers, please reach out to me right away if you are thinking of selling this spring.  Interest rates are low, prices are up and demand is high – there has never been a better time to sell.

    As 2020 comes to a close, I wish you all a fabulous holiday season. It has been my great pleasure to work with so many in our community during this unusual pandemic year and I am looking forward to continuing to do so in 2021, a year we all have high hopes for! The Herald will not be published over the holidays, but you can check out my website, www.AskKathe.com, for continued real estate advice every week!

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      I’m ready to answer any questions you have regarding your real estate needs.
       
       
      Kathe Barge, CRS, ABR, CNE, SRES
      Associate Broker
      HOWARD HANNA
      REAL ESTATE SERVICES
      401 Broad Street
      Sewickley, PA 15143
      Cell: 412-779-6060
      Office: 412-741-2200 x238
      kbarge@howardhanna.com

      Show that Holiday Cheer

      If our home is on the market, how long is it ok to keep our decorations up? 

      In this incredibly dark time of the year, and even more so in this difficult holiday season as we continue to muddle through this global pandemic, festive holiday décor certainly helps to brighten everyone’s day, so if your home is on the market, it is certainly a good idea to tastefully decorate for the holidays.  This year might be the year to embrace an inflatable (maybe a large Santa for example) to bring a little extra levity to the neighborhood! Even if your home is vacant, a seasonal wreath on the front door is a nice touch to welcome guests.  We have been unusually busy this fall, so presentation remains important, even when its cold and snowy outside.

      Once we start 2021 (and yes, we are all quite eager to put an end to 2020), if your home is on the market, it is important to have your holiday decorations down and stored as quickly as possible, ideally by January 2nd! Our spring market should jump into high gear as soon as we hit mid-January.  Buyers themselves will have put the holidays behind them and will enter the new year with a new sense of urgency to find their new home.  Once the holiday celebrating has past, decorations quickly look tired, so take them down and store them for another year.  If you enjoy door wreaths, that could remain as long as it is more “wintery” and less holiday.

      And don’t forget my other wintertime showings tips – lights on for showings, and use the highest acceptable wattage.  Keep walks and driveways free of snow and ice. If you’re not going to be out or too long, a fire in the fireplace is also a nice idea. Thermostat at a warm, cozy temperature (Buyers will not embrace a home if it feels chilly). Boot mats by the front door to save your floors.

      Enjoy the holidays – stay warm and safe!

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        I’m ready to answer any questions you have regarding your real estate needs.
         
         
        Kathe Barge, CRS, ABR, CNE, SRES
        Associate Broker
        HOWARD HANNA
        REAL ESTATE SERVICES
        401 Broad Street
        Sewickley, PA 15143
        Cell: 412-779-6060
        Office: 412-741-2200 x238
        kbarge@howardhanna.com

        A Proactive Step to Inspections

        If there was one thing you would advise us to do to our home as we continue our months “at home,” in this global pandemic, what would that be? 

        Whether you are planning to sell your home this coming year or not, the best thing you can do to your home is a home inspection! We all live in our homes but rarely take the time to stop and give them a careful look. Weather beats up the outside of our homes year round. Caulking fails, flashing fails, paint peels and exposes wood to rot. We forget to clean our gutters on a regular basis – gutters and downspouts fill with decaying debris, causing water to back up into our homes and cause mold problems. We forget to have our furnaces serviced and fittings loosen and cause condensate to leak and rust our furnaces. The list goes on and on. Simply living in and not doing a regular check up on your home, you are leaving it open to the possibility of major repair bills later and major depreciation in your investment’s value. A home inspection will give you a to do list of projects to tackle throughout the year to keep your home in great shape and maintain its value!

        You may not think about this until you go to sell your home. Some of the wear and tear may be obvious to a buyer, who will typically have checked out every available home, be able to see signs of your “benign neglect,” and pass on yours because of its comparatively negative condition. Even if a buyer doesn’t’ notice at first, there is no doubt that a home inspector will notice! After working hard to get your home sold, you may find yourself in the all too common situation of being presented with a long list of inspection requests that you need to complete in order to hold your deal together, or worse yet, a buyer who backs out of your deal because the house needs “too much work,” leaving you in the position of having to fix everything and start all over again. A homeowner should expect simply keeping a home in acceptable condition will cost them $3,000 – $10,000 a year, depending on the size of the home – some years will be more if its time for a major project, and some less. If you’re not investing this, chances are someday you will when you are faced with a long list of inspection issues.

        So while you remain “at home” waiting for the day the vaccine arrives, why not give your home a check up and attend to its needs! Give me a call if you need the names of reputable local inspectors.

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          I’m ready to answer any questions you have regarding your real estate needs.
           
           
          Kathe Barge, CRS, ABR, CNE, SRES
          Associate Broker
          HOWARD HANNA
          REAL ESTATE SERVICES
          401 Broad Street
          Sewickley, PA 15143
          Cell: 412-779-6060
          Office: 412-741-2200 x238
          kbarge@howardhanna.com

          A Grateful Time


          This time of year we all take the time to give thanks for all of the wonderful things in our lives.  I have much to be thankful for.  The obvious chart toppers are good health, wonderful family and friends, and of course, a warm home to come home to each day. 

          My gratitude extends much deeper, however, to all of the people I work with every day that make real estate transactions so seamless for my clients – from the best mortgage brokers and closers to incredible home inspectors and handymen, contractors, electricians, roofers… that I can count on to give their best to my clients.  With them by my side (or on speed dial) I have been able to provide the highest level of service to those I work with, and for that I am grateful.

          My gratitude, however, extends even further – to forces I can’t control.  We have been very fortunate to have historically low interest rates for a very long period of time, and a taxing structure that still favors home ownership as an investment vehicle to some extent.  I am always reminded that Uncle Sam, through the mortgage interest deduction, effectively pays a portion of my mortgage every month. Through the system as structured, we are not only able to own homes for less than we could pay to rent them, but at the same time we are building equity which will be there for us when we retire and are seeking that nest egg to purchase our retirement home with.

          Are you taking advantage of all that is available to you?  It’s hard to imagine that there will ever be a better time to increase the size of your nest egg in real estate – it just doesn’t get any cheaper to buy than it is today.  If you’re ready to downsize and cash in your nest egg, it’s an absolutely ideal time – inventory is low, interest rates are low too and we have buyers waiting in line for Sewickley homes. 

          In fact, the lines of buyers are so long that if you would consider selling your home, I would be even more grateful!  The spring market starts in January – the time to sell is now!

          2020 has been a year we would all love to forget, but before we say goodbye to 2020, even with all that has been so challenging this year, we have much to be thankful for this holiday season!

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            I’m ready to answer any questions you have regarding your real estate needs.