Happy New Home!

It’s  a new year and we’re ready for a new home!  What should we do first?

Well, you are asking a Realtor that question, so the answer is probably expected!  The first thing you should do is call me! Once you have done that, here is a look at what comes next!  First, we will meet and determine the likely value of your home in the current market.  The market is quite fluid and values move up and down depending on supply.  Currently we have had very low inventory for an extended period of time and buyers are getting very frustrated, so it is possible that we may see an uptick in values again this spring.  When we meet we will also review all of the many ways I will be marketing your home and the timetable for rolling out the marketing to optimize your result.

Once we set a timetable that works for you, you will want to spend some time “staging” your home. At the most fundamental level, this would involve you “de-cluttering” your home.  It’s amazing how quickly we will our closets, basements and attics!  Movers are not cheap – you do not want to move more than you know you will want to keep.  So now is the ideal time to start the clean-out. In fact, we sometimes have closings as quickly as 3 weeks after an offer is presented, so it is best to assume that you will not have much time to pack later and do the clean-out up-front.  This will also help your home show off its spaciousness and storage capabilities! If you are saving things for others (such as the pile of furniture I have stored in my basement for my adult children who I am sure are going to want my 30 year old furnishings someday!), then it would be advisable to find an off-site storage facility and move those items from your home (or more realistically, I would be happy to connect you to charities to come pick them up and give you a tax deduction in exchange – the reality is that those we save for probably really don’t want our stuff anyhow!)  If this all seems incredibly overwhelming to you (and you’re thinking you would rather stay put than face the inevitable clean out), I would be happy to connect you to a home organizer that can take on as little or as much as you don’t want to do! 

Once you feel you are “de-cluttered,” the next step toward selling your home would be to determine whether any repairs or improvements are needed or recommended.  I am happy to walk through your home with you in advance of your listing date and discuss what you might consider addressing and its likely impact on your bottom line.  Not ever seller wants to make repairs and improvements and ultimately that choice is yours, but the market data I will provide to you will help you decide whether its worth it to you to make the additional investment in your home.  If repairs are not possible, we will work on using the disclosure to make sure you are sharing the items upfront with the buyer and pricing accordingly.  This will protect you later from costly repairs if the inspector is the one to raise the issues. 

It’s a lot to do, but together we can make your 2019 real estate goals a reality!

 

244 Thorn Street

Sited in an idyllic Village neighborhood, this stately brick home offers unparalleled architectural detailing and an exceptionally large home (6765 square feet) with 7 bedrooms, 5 full baths and a large main level with remodeled kitchen as well as living, dining and family rooms plus den! If you are looking for a special home to put your signature on, 244 Thorn Street is ready for your custom touches!   An exceptional value at $795,000.

 

49 Woodland Road

Boasting newer kitchen and baths in the most sought after Village neighborhood, on a gorgeous tree-lined street with sidewalks to everywhere, 49 Woodland offers a unique opportunity for newer construction in the heart of Sewickley Village.  The main level master offers hard-to-find convenience – upstairs 3-5 additional bedrooms offer plenty of space for family and guests. The beautifully remodeled white kitchen opens to the family room and the light, bright sunroom, with 3 walls of windows overlooking the private backyard.  The three car attached garage offers another hard-to-come buy amenity in the Village, as does the finished lower level! $1,775,000.

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

It’s More Complicated Than It Looks

We were approached by someone who is interested in buying our home. The buyer has provided us with an unsigned sales agreement as their offer. They are offering 1.5% of the purchase price as their hand money and have not included proof of funds (it is a cash offer).  Are we wasting our time with these buyers?

The very short answer is yes! For starters, to be a valid offer, it must be in writing and signed. Without a signed writing, you have absolutely nothing to bind the buyer should you decide to proceed. What you received is not an offer at all and you should not give it serious consideration until the paperwork is signed by the buyer.  If there are no agents involved, the buyer needs to hire an attorney to prepare an offer and you will need to hire your own attorney to review it.

Hand money equal to 1.5% of the offer may or may not be sufficient depending on the individual circumstances. Sometimes that is all a buyer can afford. However, this buyer is supposedly paying cash so there should be no problem with them providing a more substantial deposit. Look for a minimum of 5% in this type of scenario. The hand money is your consolation prize should the buyer decide not to close after all contingencies have been satisfied – if you have moved out, you will need at least that much to compensate you for all of your moving costs.

As far as proof of funds, I would recommend that you not engage in any substantive negotiations until the buyer has proven that they do have the cash available to close. Talk is cheap, but if they really do have the cash, they will have no problem producing copies of statements showing the cash or a letter from their banker that they have the needed funds.

Your questions address just a few of the hundreds of complexities involved in getting a home sold and highlight why its really important to engage a full-time real estate expert when buying or selling a home.  Selling your home yourself may sound like a great idea in the abstract but the “for sale by owner” sellers that I have spoken to have regretted not engaging a Realtor to represent them as selling a home is far more complicated than it looks and most ended up feeling like they got the short end of the stick at the end of the day!

439 Oliver

Located in one of Sewickley’s most sought after neighborhoods, this home is beautifully remodeled and offers three spacious finished levels of living space, including a main level bedroom suite! Gleaming hardwood floors unify the main and upper levels of the home. The newer kitchen is open to both the dining area and large family room with vaulted ceilings and features brand new granite countertops. Walls of windows overlook the beautiful backyard – French doors open to the private patio. A convenient mudroom provides access to the attached garage. Upstairs there are three bedrooms including the restful master suite with beautiful bath. The lower level includes a finished game room, full bath, fifth bedroom and a spacious storage/mechanics/laundry area. Fully fenced backyard with fire pit. Close proximity to all village amenities and schools. Freshly painted interior…move in and enjoy all that Sewickley has to offer. $689,000    Read More…

319 Scaife

Exceptional Sewickley Heights home will take your breath away with its unparalleled beauty. Sited on 5 private acres, it combines the authentic charm of a Sewickley Heights carriage home with modern amenities and stunning design.  Magazine perfect kitchen with top-of-the-line appliances and granite tops opens to a captivating dining room with fireplace and relaxing family room.  French doors open from the gorgeous living room, also with fireplace, onto the sprawling stone terrace, which spills out effortlessly onto the manicured grounds.  Enjoy coffee or wine relaxing under the wisteria-draped trellis. Incredible master suite with three walk-in closets and remarkable custom bath with radiant floors, Victoria and Albert soaking tub and large shower with custom glass enclosure.  Charming enclosed courtyard. Three car attached garage.  $2,150,000   Read More…

 

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

Giving Thanks

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 a warm home to come home to each day (which I particularly appreciate on these chilly November days!)  My gratitude extends much further, 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 with whom I work, 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 even though they have been inching up, they are still comparatively quite low), and a taxing structure that has favored home ownership as an investment.  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 begin or increase the size of your nest egg in real estate.   If you’re ready to downsize and cash in your nest egg, it’s an absolutely ideal time – inventory is low, interest rates are still on the historically low side and we have buyers waiting in line for Sewickley homes.  The spring market starts in January – the time to sell is now!  Enjoy your holiday, and give thanks for all that is wonderful in your life!

A New Home for the Holidays

907 Nevin

Where else in Sewickley can you get an essentially new home with 4 bedrooms, 3.5 baths AND a 2 car garage for under $400,000?!  Top to bottom renovation to this adorable Village home! 4 bedrooms, 3.5 new, stylish baths, 3 finished levels, new 2 car garage. Incredible open floorplan unified by new hardwood floors.  New kitchen with white cabinetry, granite tops, stainless appliances. Doors open to large and inviting, private rear deck.  Move right in and enjoy! $389,000  Read More….

 

319 Scaife

Exceptional Sewickley Heights home will take your breath away with its unparalleled beauty. Sited on 5 private acres, it combines the authentic charm of a Sewickley Heights carriage home with modern amenities and stunning design.  Magazine perfect kitchen with top-of-the-line appliances and granite tops opens to a captivating dining room with fireplace and relaxing family room.  French doors open from the gorgeous living room, also with fireplace, onto the sprawling stone terrace, which spills out effortlessly onto the manicured grounds.  Enjoy coffee or wine relaxing under the wisteria-draped trellis. Incredible master suite with three walk-in closets and remarkable custom bath with radiant floors, Victoria and Albert soaking tub and large shower with custom glass enclosure.  Charming enclosed courtyard. Three car attached garage.  $2,150,000    Read More…

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

The Final Walk Thru Can Cost Sellers Big Bucks!

How do home sellers protect themselves from big walk through bills from a buyer?

Buyers conduct a final walk through right before they close on a home.  This is probably the first time they have seen your home vacant.  If they find conditions they aren’t expecting, you can expect a bill at the closing or a last minute request to remedy the condition.

What kinds of things might come up?  There are many things that can cost you money at a walk through.  Here are a few.  If you have any damage to your floors (even if it was there when you bought the home) and you failed to list the damage on your disclosure, and it wasn’t obvious when you walked through your occupied home (under rugs or furniture), you can expect that the buyer will expect you to pay for the repair/replacement when he discovers the issue, which could be a significant expense.  What should you do? Disclose. Disclose. Disclose! When you list your home, take the time to make sure your disclosure lists every possible condition issue with your home.

If you leave anything behind that isn’t attached or specifically included, you should anticipate you may be required to call a last minute hauler to remove the items.  If the items were there when you bought the home, that’s no excuse.  The house must be empty when you leave unless you have the buyers’ specific consent to leave the items behind.

Forget to cut the grass in a few weeks?  You could be asked for a credit to have the lawn mowed.  Forget to clean the house?  If its not at least “broom swept clean” you could be paying a cleaning fee.  Forget to complete your inspection repairs or forget to check the work and make sure it’s done correctly?  You can’t rely on the contractors to get it right – you must check the work – if they didn’t finish or did the wrong thing, you will likely have to pay for the repair again.  Accidentally remove an inclusion such as the TV wall mount bracket?  You may have to pay for a new one.

Take the time to make sure the home is exactly as you would want it were you moving in and be pro-active with your buyers if you discover any issues on your move out to avoid any closing table surprises.

If BUYING or SELLING real estate is in your future, please get in touch with me and put my expertise to work for you!! As YOUR REAL ESTATE ADVOCATE, I will help you avoid pitfalls like those mentioned above.  412.779.6060

RECENT SALES

To see these and other recent sales, visit HERE

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

OFFER IN HAND? Better Move Quick!

We received an offer on our home but would like time to figure out where we are going next before we respond.
Is that reasonable?

Momentum is important in life.   We learn this lesson early on.  As a child, you learn that the likelihood of a getting that candy bar in the grocery store is at its peak the moment after you ask.  You are willing to give more to get in those initial moments – you might have offered to clean your room if you could just have that candy bar. The parent also knows that she can get more initially in exchange for that candy bar – your interest will wane if she doesn’t take advantage of your interest at that moment.  That lesson continues throughout life.

And so it is with real estate.  Sellers who respond and negotiate quickly to offers are far more likely to catch a buyer in the heat of the moment and achieve a higher price.  If a buyer is given too much time between the time their offer (or later counter offer) is made and the time they hear from the seller, they are far more likely to rethink their willingness to pay more, or perhaps even their interest in buying at all.  By dragging their feat in responding, in over-analyzing whether they will achieve a higher offer later, or whether they can live with the buyers terms as proposed, many sellers leave thousands of dollars on the table that they could have captured if they had just negotiated with haste.

A failure to respond quickly also increases the risk that a buyer will be distracted by another listing.  One of my favorite true stories is the buyer who signed an offer on a Saturday – the seller was too busy to meet with their agent and review the offer until Monday evening.  As luck would have it, another property came on the market Monday morning and by the time the seller responded (on Monday evening) to their Saturday offer, the buyer had made an offer on and fully negotiated the purchase of a different property.  That seller waited 9 more months for the offer they finally accepted at $55,000 less than the offer they were too busy to hear.  Sellers, don’t make these mistakes!  When you are fortunate enough to get an offer, respond and negotiate quickly for your best chance at a good result.  If you are not sure where you will go next, there is always the possibility of a rental, which is likely a better option than losing a good buyer.

FEATURED HOMES

 

219 Orchard

A spectacular Sewickley Village transformation!  Large two-story addition of 1000SF+ incorporates a new large family room, mudroom and luxurious master suite. This complete renovation included all new wiring, zoned central A/C added to the home, 2.5 new baths including a gorgeous master bath, addition of main level laundry and new kitchen featuring abundant white cabinetry topped with Quartz, stainless appliances, and large center island overlooking the large great room. New master suite includes vaulted ceiling, spacious walk-in closet with laundry chute, Fenced rear yard with patio.  $629,000

 

625 East

The opportunity of a lifetime! All of the elements of the ideal Village experience merge beautifully in one home! Tastefully remodeled, elegant yet comfortable! Located on one of Sewickley’s finest streets. Built and maintained with impeccable attention to every detail. Richly appointed throughout. Beautiful kitchen loaded with amenities. Private study with richly molded walls and handsome wood-burning fireplace. Family room/morning room with arched windows flood the room with light. Restful owners suite with luxurious his and hers baths. Amazing dressing room with mahogany center island. Four to five additional bedrooms, three laundry areas, finished lower level with game room and home gym. Two-car garage with bonus room above. Beautiful, private grounds with large stone patio. $2,800,000

 

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

Why So Many Inspectors?

Why do buyers bring in so many inspectors these days?

You are correct in noting that buyers often bring in multiple layers of inspectors during their home inspection period.  Gone are the days that one general home inspector handles the entire inspection.  In our litigation-happy society, home inspectors are wary of being sued if they miss something on an inspection, so it is not uncommon for a general home inspector to advise the prospective buyer to bring in the experts.  Here is what to expect:

A general home inspector will handle the basic inspection – which is somewhat of an overview of the home. Usually the general home inspector will perform the radon test as well.

Pests:  normally the general home inspector will bring along a licensed pest inspector to look for termites, carpenter ants, carpenter bees and rodents.

Mold:  if  the buyer or the general inspector has any concerns that there might be mold present, a mold inspection will be suggested and a mold specialist will be brought in.  Red flags include visual evidence of mold-like substances or a mold/mildew smell.

Septic:  if a home has a septic system, the buyer will need to bring in a separate inspector to inspect the septic system – the tank usually needs to be emptied before the test can be performed.

Sewer Line:  in some municipalities (such as Mt Lebanon) sewer scopes have become mandatory for all homes on public sewer.  In others, they have become the norm.  No one wants to be stuck with an expensive sewer line replacement bill (if you don’t currently have sewer line insurance and live in  a home older than 30 years, you should think about adding it to your homeowners policy).

Hazardous Substances:  if the buyer or general inspector sees anything that looks suspicious on an initial inspection, experts may be brought in to check for things like asbestos (in duct and pipe wraps and 1950’s linoleum flooring) and lead water lines.  When showing properties I still see many homes with all of these things!

Specialists:  if the buyer or general home inspector sees any possible issues with the roof, gutters, electrical or heating and air conditioning, it will be recommended that licensed contractors in these fields be brought in to determine whether or not there is an issue.

As you can see it’s quite a long list of people who might be inspecting the home!  My best advice to sellers – always pre-inspect so you know what the experts will find and can be proactive in dealing with any possible issues.

FEATURED HOMES

 

607 Broad Street

Sewickley Village Living does not get any more central than this designer perfect fully remodeled Victorian. Just one block to the absolute center of the Village, easy walking distance to all Village amenities! Renovated from top to bottom with a trendy design aesthetic. Open concept floorplan. Hardwood floors unify the main and second level of the home. Beautiful white kitchen with granite tops ovens to dining room and family space. Sliding and french doors open from kitchen and family room onto newer deck. Convenient main level mudroom and powder room. Fully fenced back lawn area. Upstairs there are 4 bedrooms and 3 full baths. Upper level laundry machines offer great convenience. Incredible woodwork throughout, including stunning box beam ceiling in family room.  $715,000

907 Nevin

Fantastic remodel at a great price! Top to bottom renovation to this adorable Village home! 4 bedrooms, 3.5 new, stylish baths, 3 finished levels, new 2 car garage. Incredible open floorplan unified by new hardwood floors.  New kitchen with white cabinetry, granite tops, stainless appliances. Doors open to large and inviting, private rear deck.  Move right in and enjoy!   $399,000

 

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

What Happens After the Inspection

We find the inspection process confusing – do we have to fix everything in the inspection report before we sell our home or just the repairs the buyer requested?

The home inspection report is the document from which your buyer works to make their repair requests of you. Some buyers will ask for everything and others will ask for only those items that they think are important. They may let some things go, for example, if they are planning on renovating an area and anticipate fixing those items as a part of the renovation.

Once you and your buyer agree on a list of repairs, these are memorialized on an addendum. It is that addendum, called a Change in Terms Addendum (“CTA”), from which you work when completing your repairs. You need not refer to the inspection again unless the CTA references it. You do, however, need to make sure that you do everything on the CTA exactly as specified, so be sure to read it carefully and provide a copy to your contractor(s). For example, if the CTA says that you will have GFCI outlets installed by a licensed electrician then you need to make sure you hire a licensed electrician, and not your favorite handyman, to make the repair! If the CTA says you must paint to match existing then you need to take a sample of the existing paint to the paint store and color match it – don’t rely on old paint in cans – paint fades with age and it won’t match. Be very careful to be sure you are complying with the terms of the CTA – if you do not, or if your contractor does not, your closing may be delayed or postponed until the work is done as specified. Along those lines, be sure to review your contactor’s work when complete and make sure that he actually did what you agreed to do on the CTA. If not, request that he return before it becomes a walk-through issue.

And of course, be sure to get paid receipts from all contractors, or if they have not been paid, notify the closing company so that they can be paid at closing. All repairs must be paid for before ownership changes hands so be sure to stay on top of your bills, and provide receipts to the buyers agent.

FEATURED HOMES

457 Maple Lane  
Stately custom designed and built brick colonial on large flat and private lot in the heart of Edgeworth within easy walking distance to Sewickley Village shops and restaurants. Gleaming hardwood floors throughout most of the main and upper levels. Large rooms include large living room with wood-burning fireplace with gas starter, dining room, den (the ideal home office) and spacious kitchen open to large family room with wood-burning fireplace with gas starter. Wall of glass across the back of the home draws the outside in. Incredibly convenient main level laundry and attached garage. Large master suite with updated full bath. Lower level is unfinished and could easily be developed into a huge gameroom. Located in the acclaimed Quaker Valley School District! $695,000

607 Broad Street
Sewickley Village Living does not get any more central than this designer perfect fully remodeled Victorian. Just one block to the absolute center of the Village, easy walking distance to all Village amenities! Renovated from top to bottom with a trendy design aesthetic. Open concept floorplan. Hardwood floors unify the main and second level of the home. Beautiful white kitchen with granite tops ovens to dining room and family space. Sliding and french doors open from kitchen and family room onto newer deck. Convenient main level mudroom and powder room. Fully fenced back lawn area. Upstairs there are four bedrooms and three full baths. Upper level laundry machines offer great convenience. Incredible woodwork throughout, including stunning box beam ceiling in family room. $715,0006

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

The Importance of the Contract

We closed on our new home recently and when we went on the walk through, the seller had not completed the inspection repairs that they had agreed to do and didn’t seem to think was an issue.  Your thoughts?

I have noticed a trend lately away from respecting contracts.  I’m not sure if its because consumers don’t understand what they are signing, are too busy to keep everything straight or just don’t care.  Whatever the reason, the real estate contract and its addendums are what makes a real estate transaction work.  If you want to sell your home, you need some kind of document that binds the buyer to your home so that they don’t just walk away, leaving you holding a home you just moved out of and unable to close on your new home.  It is equally important to the buyer – they need a document by which a seller is actually bound to sell their home so that the buyer is also not sitting on the curb waiting to unload the moving van and unable to get the seller out (and yes, real estate is specific performance – if you sign a contract to sell, you must sell).

There are some basic principles to keep in mind that apply to all contracts. Sellers, if you include something on your disclosure, it is important that you actually leave it behind for the buyer.  The stove and dishwasher are obvious, but what about garage door openers?  When you are listing your home, take the time to be sure that you correctly list what is included – misplace a garage door opener and you are contractually required to buy a new one for the buyer.

If you agree to fix something during an inspection negotiation, then yes, you must actually get it fixed. Its not ok to have the buyer show up for the walk through and find out you haven’t taken care of the agreed upon repairs.  What you signed is legally binding – do what you said you will do or be prepared to give a hefty last minute credit to the buyer.  If you do get the items fixed, be sure to pay your bill before closing!  These repair bills are not the buyers’ responsibility and its also not ok to agree to make a repair and then stick the buyer with the bill.

And remember, the contract requires that your home be in the same condition it was in when the buyer made you the offer.  If you break something, you will need to fix it prior to closing.  At 13 pages, it is a lengthy document but it is important that you understand what you have agreed to do.  We can’t all be attorneys, so be sure to hire a realtor that you have confidence will thoroughly explain what you have signed and help you to be a good seller and honor all of its terms!

 

FEATURED HOMES

219 Orchard Lane

NEW LISTING – A spectacular Sewickley Village transformation!  Large two-story addition of 1000SF+ incorporates a new large family room, mudroom and luxurious master suite. This complete renovation included all new wiring, zoned central A/C added to the home, 2.5 new baths including a gorgeous master bath, addition of main level laundry and new kitchen featuring abundant white cabinetry topped with Quartz, stainless appliances, and large center island overlooking the large great room. New master suite includes vaulted ceiling, spacious walk-in closet with laundry chute, Fenced rear yard with patio.  $650,000   Read more

 

106 Beaver Road

Phenomenal Sewickley Village center hall colonial in Sewickley’s most sought after neighborhood checks all the boxes on your wish list! Incredible historic character is seamlessly blended with modern renovations in a timeless Sited on a 1.7 acre lot with lush mature landscaping and huge green lawns, this home is both incredibly private and in the middle of all the Village excitement! Amazing kitchen open to family room Convenient main level mudroom connects to attached two car garage. Sophisticated master suite with spa-style bath. Up t 5 additional bedrooms, 2.5 additional baths.  $1,350,000   Read more

 

 

 

 

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

What to Expect When You’re Inspecting

I’ve heard that agreements on many homes have fallen through lately from home inspections – why is that?

Our market has traditionally been one where buyers know they are buying old homes and allow the seller some leeway in not presenting a “perfect” home from an inspection standpoint. However, in many parts of the country, this is not the case. Sellers are expected to remedy all issues noted by home inspectors prior to closing. As more and more people migrate here from other parts of the country, our prices are going up, but so are the buyers’ expectations as to a seller’s responsibility for concerns discovered on a home inspection. At the same time, inspectors are getting significantly more particular. And so yes, it is absolutely possible to have purchased a home only two years ago and have new concerns arise that clearly existed and were overlooked when you bought your home. And yes, it is equally possible that you will be expected to fix them and if you refuse, your sale might fall through.

This can often leave a seller feeling like they are the unlucky one who got stuck holding the “hot potato.” As the years pass, the list of “hot button” issues mounts and if you are the owner when the issue is discovered, you will be the one paying the bill even though the home was bought and sold many times in advance of your ownership. These hot button issues include items such as radon, mold, damp basements, lead water lines, asbestos (fireplace inserts, duct tape, pipe wrap or flooring) knob and tube wiring and pushmatic electric panels. If your home has any of these issues, you should figure you will be the one footing the bill and address them before they become an issue on a home inspection.

The best way to prevent an inspection fall through or an unexpected bill for defects is to have your home inspected before you put it on the market. A pre-inspection will allow you the opportunity to fix those items that can be fixed and disclose the rest to save yourself from a laundry list of requests. Be sure not to ignore the small stuff that comes up or that you know is wrong. For example, when I list a home, I specifically ask sellers if all of their windows open, stay open, shut and lock, and if any are cracked or have broken seals. Sellers more often than not disclose no issues with their windows and yet it is one of the most frequent inspection deficiencies. Take the time to do your homework – get your home inspected – repair or disclose any possible concerns – and save yourself from a long last-minute repair list and potentially even from losing your sale.

Featured Homes

215 Pine Road

Incredibly charming and perfectly remodeled Edgeworth brick colonial sited on a large level lot, close to all Village amenities and Sewickley Academy.  Beautiful newer kitchen, huge living room, inviting dining room and main level guest room complete the main level. Finished lower level includes full bath. Three additional bedrooms on the upper level.  $599,000

 

 

212 New England Place

Located on a quiet cul-de-sac in a prime Edgeworth location, this spacious colonial is loaded with amenities.  Classic details blend with modern.  Newly refinished hardwood floors unify the main level of the home. New kitchen with stainless appliances is open to dining and family areas.  Three walls of windows flood the family rom with natural light and bring the backyard into this wonderful space. Four large bedrooms, two new baths on the upper level plus a finished lower level with full bath. $595,000

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

What About an Appraisal Contingency?

With all of the bidding wars happening in this hot market, should we put an appraisal contingency in our offer?

Appraisal contingencies are added to agreements when buyers are concerned that their offer may be over market value.  If you are getting a mortgage, they really aren’t necessary if you are putting 20% or less down on your home.  Your bank will need your new home to appraise so that your debt percentage is not greater than 80%.  If it doesn’t appraise, you will either have to throw in more cash or reduce the sales price of the home, or the bank will refuse to fund the loan.

If you are paying cash for your home, or have a small planned mortgage, your only protection from over-paying is to insert an appraisal contingency into your offer. If the home fails to appraise, you will have the option of terminating the agreement if you choose, or possibly re-negotiating the price.  While this may sound like a fool-proof option, when we are in a hot market, with limited inventory and limited options for buyers, the goal is to reduce the number of contingencies to make your offer more appealing, not to add more! When evaluating whether they want to take their home off the active market to work with your offer, a seller will weigh all of the components, and an appraisal contingency weakens your offer as it is one more hurdle the seller must overcome before they can proceed to closing.

There is a definite risk that in a hot market you could overpay for a home.  Homes are in some circumstances selling for tens of thousands of dollars in excess of the list price. Unfortunately, this may be what it takes to get a home.  Inserting an appraisal contingency will only weaken your offer and could cause you to lose a bidding war. The best course of action if you want to win is to ask your agent to prepare an analysis of comparable sales and use that to determine your best offer, leaving out the appraisal contingency and hopefully succeeding in your bid to buy a new home.

FEATURED HOMES

 

7 Harvester Court

NEW PRICE — Want more space between you and your neighbors? Your search is over!  This custom-built all brick colonial is sited on a nearly 2 acre lot, in a quiet, private neighborhood.  Just renovated, it features 3 new luxury baths, newer kitchen, new roof, new HVAC, new deck, new paint in modern aesthetic and more. Totally turn-key for you and your family! 4 bedrooms, 3.5 baths, 3 car garage, finished walk-out lower level.  $737,500  See More Details…

 

212 New England Place

NEW LISTING – Located on a quiet cul-de-sac in a prime Edgeworth location, this spacious colonial is loaded with amenities.  Classic details blend with modern.  Newly refinished hardwood floors unify the main level of the home. New kitchen with stainless appliances is open to dining and family areas.  Three walls of windows flood the family room with natural light and bring the backyard into this wonderful space. Four large bedrooms, two new baths on the upper level plus a finished lower level with full bath. $595,000   See More Details

 

 

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 VALUABLE PIECE OF ADVICE FOR SELLERS

What rights do sellers have to keep buyers in a home sale agreement, once they put a home under agreement? If the buyer back’s out, do we get to keep their hand money?

Assuming the standard Pennsylvania Agreement of Sale is used to sell a home, a home seller has very few rights to keep a buyer in that agreement.  First, any home inspection contingencies must be satisfied.  Unfortunately, unless modified, buyers have the absolute right to terminate the agreement if there is anything at all on the home inspection that they are dissatisfied with, even if a seller is willing to repair that item or items.  Nothing is more disheartening for a home seller than to put their home under agreement, only to lose the deal because of inspection concerns.  This is a result that can be mitigated by home sellers.  All home sellers can, and should, have their homes pre-inspected to help avoid the inspection termination scenario.  Yes, if the inspector finds issues, they need to be repaired or disclosed.  But this will be the case anyhow once the buyer finds them, and they will!  All too many home sellers adopt the position “we’ll address that if the buyer asks.”  The problem with that approach is that a seller may never get the ask – they may just get the termination letter.

Once the inspection hurdle is overcome, there may be additional contingencies that buyers have to overcome before a seller is close to having a secure agreement.  A buyer may have to get financing, and if they place a mortgage contingency in the agreement and a lender refuses to give them a loan for any reason, they can terminate the deal. The most frequent cause of mortgage issues is a failure to appraise.  An appraisal contingency can be a contingency in its own right, and if a home fails to appraise, the buyer will have the right to terminate the agreement.  In this market of low supply and high demand, some sellers of premium properties are extracting market high prices for their homes and appraisal failures are a real risk.  If this happens, a seller will need to consider whether to reduce the price or put the home back on the market.

Whenever a buyer terminates under a contingency contained in an agreement, the buyer receives a full return of the hand money and the seller’s only recourse is to put the home back on the market.  So sellers, do yourself a favor, pre-inspect your homes.  The $500 you will spend is the best insurance policy your money can be in maximizing your chances for a successful sale!

FEATURED HOMES

108 Grouse Lane

NEW LISTING – Beautifully remodeled colonial on 1.2 acres close to Sewickley Heights Golf Club! Hardwood floors unify both levels of this spacious home. The kitchen has been nicely remodeled.  With three walls of windows overlooking the park-like backyard, the breakfast room is awash in natural light! Glass doors open onto the back patio and deck. Two wood burning fireplaces.  4 bedrooms. Exceptionally well cared for and move-in ready! Open this Sunday 1-3pm.  $725,000.  See More…

 

16 Highview Drive

NEW LISTING – Just in time to plan for your most fun summer yet, 16 Highview offers a beautiful inground pool and 3.8 acres of privacy, yet sited in a mature Sewickley neighborhood.  With over 4100SF of living space plus a finished lower level, the home features an open floorplan ideal for entertaining.  Newly remodeled kitchen, 3 car garage, main level bed/bath for guest, walk-out lower level, sauna, wine room, screened porch & more!  Remodeled throughout and ready for immediate occupancy!  Open this Sunday 1-3pm. $695,000.   See More….

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

WHY YOU NEED A BUYER’S AGENT

We’ve been watching realtor.com and calling listing agents about new listings. Agents keep asking me if I have a buyer’s agent. Why would I want one?

It ‘s a good idea to recognize exactly what a buyer’s agent is to you – essentially an almost free invaluable resource to you in the buying process. You might think you will save money if you don’t have an agent that needs to be paid, but in reality that’s not how it works. The sellers have signed a listing agreement obligating them to pay a commission to the listing brokerage house of an agreed percentage and that percentage does not get adjusted if a buyer does not have an agent. So there is simply no advantage to not doing your research and choosing your own advocate before you begin the buying process.

In a recent study done by the National Association of Realtors, the #1 benefit all buyers put forth for having a buyer’s agent? A buyer’s agent helps her buyer understand the process of buying a home (74% of millennials found this to be true). Buying a home is a significantly more complex process than you might imagine, and if you have a well-trained agent, she should make it look simple. However, if you don’t buy and sell real estate everyday, there are many traps for the unwary.

The #2 ranked benefit of a buyer’s agent? A buyer’s agent points out unnoticed property faults or failures. A full-time agent is in and out of homes on a daily basis and after years of experience has developed a fine-tuned ability to pick up issues that most buyers would never notice, and will hopefully be able to suggest proposed solutions as well. This is no substitute for a home inspection, of course. Third on the list of benefits? The buyer’s agent negotiated better sales contract terms than the buyers could have negotiated on their own. Again, years of full-time experience coupled with a dedication to staying educated in the profession should hone an agent’s ability to give you excellent negotiation advice.

The #4 ranked benefit? Buyers reported that their buyers’ agents improved their knowledge of search areas. This is particularly helpful when you are looking to move to an area you are not very familiar with. Finally, the 5th ranked benefit of a buyer’s agent is that she can connect you to a better (and hopefully more reputable) list of service providers than you might have access to on your own. All of these benefits can be yours without the fee of the commission – all a buyer pays is the small “broker fee” (which is charged to both buyer and seller) of approximately $325! This is a small price to pay for a long list of benefits and expert advice on what may be your largest investment! My question is, why wouldn’t you want one?

Call me!! I can help! 412.779.6060

FEATURED LISTINGS

300 Chaucer Ct

NEW PRICE — With its beautiful acre of land in an idyllic “up the hill” Sewickley neighborhood, you can be moved in to host warm weather fun this summer! Throw memorable parties at this turn-key Sewickley home! The large deck and covered stone patios spill onto the manicured lawn, with sport court, outdoor bar, covered ping pong area and Rainbow playset. Inside, a stylish aesthetic seamlessly unifies the three finished levels. 4 bedrooms, 3.5 baths, 3 car garage. $750,000.  See More…


180 Summerlawn Drive

Beautifully remodeled open concept 17 year old home on ½ acre wonderful lot with large backyard in a delightful Sewickley neighborhood close to Village. Four finished levels of living space including finished walk out lower level. Kitchen with new stainless appliances open to family room. Main level laundry. Large master suite. Four bedrooms, 3 full and 2 half baths. Third floor gameroom. New roof. $599,000.  See More…


316 Beaver Street #204

Luxury and convenience seamlessly blend in this chic central Sewickley Village condo. Just steps to the shops and restaurants, this beautifully renovated unit features 2 bedrooms, 2 baths, large living room with built-ins, dining room, family room, eat-in kitchen and private balcony. In-unit laundry plus 2 indoor parking spaces. New hardwood floors unify the living spaces. Secure building. $435,000.
See More…

444 Woodland Road

Privacy in the heart of Sewickley Village! 2.973 Acres with mature landscaping, sprawling lawns, in-ground pool, private patio and natural woodlands that provide a year-round buffer for this magical property, yet Village shops and restaurants are just a few blocks away! Renovate to restore the home’s original relaxed elegance, reminiscent of New England seaside homes. Or replace with your own 21st century home of your design and creation! A rare opportunity in Sewickley! $825,000  See More… 

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

NEW YEAR RESOLUTIONS for YOUR HOME

Any ideas for new years resolutions for 2018?

I’ve always wondered why we wait until January rolls around each year to adopt new and improved habits.  January seems to breathe new life into all of us, and a renewed excitement about positive changes that we might effect in the New Year.  Given this, I would suggest for your consideration a few home-related resolutions.

Make 2018 the year of the purge!  It doesn’t take living for very long in a home before every closet is stuffed to its maximum and attics, garages and basements are overflowing. Charitable deductions are one of the few itemized deductions that were not affected by the tax bill so take advantage – clean out and donate!  This will make it much easier for you to ready your home for sale if you ever decide to move.  The first thing a home stager would tell you is to declutter, so why not remove that hurdle before its relevant?   Feeling overwhelmed at the thought of taking on such a daunting task?  Engage a professional home organizer for some impressive results!

Get on top of home maintenance!  Another worthy resolution for 2018! Its always cheaper and easier to address maintenance items before they become bigger problems.  Take an hour, do a home audit, and make a list of what you need to do this year to make your home safer, more enjoyable to live in, or to protect your investment.  Consider: replace any burned out light bulbs (dimly lit areas can be a safety hazard), replace smoke detector batteries, check to be sure drains are flowing well and that there are no dripping faucets or running toilets, be sure gutters are cleaned, wash windows (we need all the sunlight we can get in Pittsburgh’s gray winters), change furnace filters (which will not only clean your air better but will reduce your energy bills), and of course, replace or repair anything that has broken (from appliances to locks to window panes and seals,,,).

And of course, if you’ve been thinking about a move – be it a down-size, an up-size, or just a change of pace, make a resolution to make 2018 the year you make the change!  Our market is incredibly strong – there is no better time to make this resolution a reality!

Feel free to contact me if I can be of service for your real estate needs. Kathe Barge, 412.779.6060

Featured Homes

608 Broad Street  – NEW PRICE!! 

The contractors have just left this newly remodeled gem, and at less than a block from the Sewickley business district and two blocks from the hospital, you can’t get any more convenient than this!  4 bedrooms, 2 new baths, new kitchen, open florplan.  Wonderful covered front porch. $368,000.  Learn more

 

444 Woodland

Privacy in the heart of Sewickley Village!  2.973 Acre yard with mature landscaping, sprawling lawns, in-ground pool, private patio and natural woodlands that provide a year-round buffer for this magical property, yet Village shops and restaurants are just a few blocks away! Renovate to restore the home’s original relaxed elegance, reminiscent of New England seaside homes.  Or replace with your own 21st century home of your design and creation!  A rare opportunity in Sewickley!  $825,000  Learn More….

 

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

WHEN CAN WE MOVE IN?

When we buy a new home, when can we expect to be able to move in?

The answer to your question varies from state to state.  In Pennsylvania, possession transfers immediately at closing!  How does this impact the buyers and sellers?

Sellers, you must be completely moved out before closing day.  The latest day your movers should come is the day before closing.  You need to be sure to leave enough time to clean the home after they leave.  If you don’t already own your new home and plan to close on it immediately after closing on your old home, you need to plan for your movers to store your things on the moving van overnight.  However, it is generally smart to move out a couple of days before closing, to make sure that you have time to clean and dispose of any items the movers didn’t take.  Its not acceptable to leave things you don’t want behind for the new buyers – if you don’t dispose of them yourself, there is a good chance you will have to provide funds to the buyer at closing to get any remaining items removed.

Buyers, you can start your move in as soon as you pay for the home and finish signing your closing documents!  It is not, however, ok to start moving in before closing or to start making repairs and improvements before closing.  Both of these scenarios create insurance (and other) issues for the seller.  Please plan accordingly – if you need time to renovate before moving in, plan for storing your items with your mover until your work is complete.  Properly advise your movers of the closing time so that they are not counting on starting the move-in early.

Your one hour closing is the time that everything transfers – keys, responsibilities for upkeep, taxes… Sellers must be completely out as of that moment and Buyers may enter once that moment has passed!

FEATURED HOME

137 Sebago Lake Drive 

Absolutely perfect inside and out with stylish design aesthetic. New roof, new gutters, new flashings,  new windows, new landscaping, new sprinkler system, new lighting, new HVAC.  Custom, all brick loaded will amenities. Stunning views of Diamond Run’s 6th fairway & green. 4BR, 4+4 baths, 3 car attached garage, finished walk-out lower level. $895,000   See more photos and details here….

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

THE HOME INSPECTION DILEMMA

We are buying a new home.  Can we skip the home inspection and save a few bucks?

I do not recommend that you skip a home inspection, even with a new home.  Please keep in mind if buying a new home that no matter how nice and reassuring the builder or his realtor representative are, they do not represent you!  I have on many occasions witnessed a builder trying to gloss over obvious deficiencies with new homes.  You need a home inspector to carefully assess your new home so that you aren’t burdened with repair bills later for improper conditions that existed at the time of your closing. While the inspector is there, it’s a good idea to get a pest and radon inspection in addition to a general home inspection.  Both pests and radon are commonplace and can be significant – its wise to know what you are dealing with before you move in.

However, do not make the mistake of assuming that all home inspectors are equally skilled at their profession. Some inspectors gloss over many areas of concern and take a VERY big picture approach, which, while generally not alarming, can also be very unhelpful as you plan for your future improvements to the home.  Others can be incredibly harsh and point out flaws that are inaccurate or irrelevant, leading you to over-react. Before booking a home inspector, do your due diligence – make sure they are ASHI certified  and read their online reviews (as you I am sure you did when you chose your Realtor).

Finally, once you move in, keep in mind that it is recommended that homeowners have their homes professionally inspected once every ten years.  The mere passage of time can take a toll on a home, and better that you find problems and correct them before they become big problems. Repeating pest and radon inspections at that time is also a good idea – they are also best addressed sooner rather than later.  If you have any questions about whether you should be getting your home inspected, please give me a call!  412.779.6060

RECENTLY SOLD — represented buyers.
Click the photo to see more of my past sales history!

 

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

MORTGAGES: What NOT to do!

Do you have any tips on how to get through the seemingly daunting mortgage process with as few headaches as possible?

 I certainly do!  Below are a few pointers on what you should not do if you want your mortgage to move smoothly through the process!

  • Don’t quit your job
  • Don’t change your job
  • Don’t get a promotion
  • Don’t buy any large ticket items (like five dollars or more!)
  • Don’t make David Copperfield deposits (all funds need to be traceable)
  • Don’t forget to tell anyone making a funds gift to you that you will probably need a gift letter and some proof (usually a bank statement) that they had the money to give
  • Don’t forget to tell the lender about child support, alimony, wage garnishments or any other payroll reduction
  • Don’t co-sign for even a candy bar!
  • Don’t schedule a vacation before we close (especially a cruise)
  • Don’t order Direct TV, Cable, Telephone or any utility that will pull a credit report unless you want to write a letter of explanation about the credit report to the mortgage company
  • Don’t change your name during the mortgage process
  • Don’t go window shopping and let people pull your credit

Assuming that seems pretty straight forward to you, below are a few more choices some buyers make that make the process more difficult than it needs to be:

  • Not being up front with your loan officer (hiding information)
  • Finding a lender on the internet that offers a 0.001 interest rate
  • Finding a lender on the internet that offers a 000000.1 interest rate and is from outside of the area
  • Using a 100% Online Lender
  • Not using the name on drivers license for mortgage docs (use Jr. and Sr. if required)
  • Not telling your lender if you lose your job before you close
  • Not shopping the Good Faith Estimate
  • Delaying paperwork because you are irritated by the frequency and number of requests from the mortgage company

Take these pointers to heart and you will greatly simplify your mortgage process!

FEATURED HOMES

178 Backbone Road

Stone and timber seamlessly blend in this California-style contemporary.  Beautifully sited on a 7 acre wooded lot, this striking home melds perfectly with its natural surroundings.  Walls of windows flood the home with natural light. Two authentic stone turrets add to the romance this home evokes.  The end result is an exceptional custom built home that will stand the test of time. Comfortable and relaxed, it is a home you will love coming home to.  6 bedrooms including main level suite, 4.5 baths, 3 car garage. $895,000.  See more

300 Chaucer Ct

With its beautiful acre of land in an idyllic “up the hill” neighborhood, you can be moved in to host warm weather fun this summer! Throw memorable parties at this turn-key Sewickley home! The large deck and covered stone patios spill onto the manicured lawn, with sport court, outdoor bar, covered ping pong area and Rainbow playset. Inside, a stylish aesthetic seamlessly unifies the three finished levels. 4 bedrooms, 3.5 baths, 3 car garage. $799,000. Learn more…

 

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

THE “JOYS” of SELLING

Selling a home can be a trying process.  They say forewarned is forearmed. Any annoyances a seller should be expecting?

Below is a short list of many of the “joys” sellers might experience during the listing process.  Being aware that these are possibilities will hopefully help you take them in good humor if they happen to you!

  • The agent showing your home will miss appointments and not call or show up.
  • Appointments will be made and cancelled at the last minute.
  • Some showings will last about five minutes and some will last 3 hours.
  • There will be a day when I call you and say someone wants to see your house, and you are going to ask me when. And I will say: “Look out your windows, they are sitting outside now”!
  • Agents are going to knock on your door or even drive by, see you in the yard and ask if can they see you house.
  • Agents showing your home will forget to turn lights off.
  • Agents showing your home will let your pets out (best to remove them from your home for showings) or your neighbor’s pet in.
  • Agents will provide unhelpful feedback – buyers buy homes when they attach emotionally to a home and when they don’t, their feedback is often nonsensical.
  • Agents will not provide any feedback – incredibly annoying, I know.
  • The agent on the sign will be in witness protection and not return any phone calls.
  • Expect lowball offers (at least it is a starting point).
  • Things will come up on the inspection that you had no idea were wrong with your home and you will be sure the inspector made a mistake.
  • The buyer will make ridiculous inspection requests.
  • The buyer will ask to bring in contractors for estimates for work they want to do after the closing at the seemingly most inconvenient times.
  • The property might not appraise at what you are selling it for.
  • The closing date on the contract may change.

FEATURED HOMES

7 Harvester Court

Tired of looking at one “project” after another for a home that is “move in ready”? Your search is over!  This custom-built all brick colonial was just renovated with 3 new luxury baths, newer kitchen, new roof, new HVAC, new deck, new paint in modern aesthetic and more. Totally turn-key for you and your family! 4 bedrooms, 3.5 baths, 3 car garage, finished walk-out lower level, nearly 2 acre lot. $775,000. Get more details and see more photos…

141 Beech Ridge Drive

Spectacular 22,000+SF estate nestled on 8 private acres in Sewickley. Remarkable newer custom construction.  Half-court indoor basketball court, full racquetball/squash court, complete locker room facilities including sauna, 60’x30’ heated in-ground concrete salt water pool w/ stone waterfalls, patio w/ outdoor fireplace, 5 bedrooms, 5 full & 4 half baths, 9 fireplaces, 6 garage spaces, two kitchens, wine room, roof-top observation deck, new home theater.  Simply remarkable! $4,500,000  See More Photos & Details…

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

THE BENEFITS OF BUYER’S AGENT

Why should we use a buyers agent when buying a new home?  We thought it was better to just call the listing agent.

It’s always a better idea to use a buyer’s agent who is focused on your home search rather than calling each listing agent of every property that you might be interested in.  First and foremost, a buyers agent is essentially no additional fee to you.  Buyers do pay a very small “broker fee” (at Howard Hanna, that fee is comparatively quite low, at $325), but the commissions are paid by the seller.  So there is no financial reason for you not to have Buyer representation!

Having a buyer’s agent offers a long list of advantages to you.  The agent will get to know your personal needs and wishes and be able to screen houses more effectively as well as target houses that might be a great match.  The agent will be able to compare the various homes that you see, helping you to objectively address the positives and negatives of each home as they relate to each to other.  You should expect a buyer’s agent to be able to do a detailed analysis of the comparable sales for you so that you can feel good about any offers you are making.  Your buyers agent will also be able to guide you through the inspection process, which can be very tricky these days with home inspectors being unusually critical of the homes they are inspecting.

Does this mean that you should sign a buyer agency agreement with the first agent you meet?  Absolutely not!  The internet offers a wealth of information about Realtors these days.  Before choosing a buyer’s agent, check their online presence.  Look at their qualifications – do they have certifications or other professional credentials?  Check out their online reviews on websites such as Zillow, Trulia, realtor.com, yelp and Facebook.  Do they have a personal website where you can learn further information about their business and services to you?  Feel free to request personal interviews of past clients if that is helpful to you.  Once you feel you have chosen the best match for your needs, engage that Realtor as your buyer’s agent and move forward, knowing that you are in good hands!

FEATURED HOMES

180 Summerlawn Drive

Beautifully remodeled open concept 17 year old home on ½ acre wonderful lot in a delightful Sewickley neighborhood close to Village. Four finished levels of living space including finished walk out lower level. Kitchen with new stainless appliances open to family room.  Main level laundry.  Large master suite. Four bedrooms, 3 full and 2 half baths. Third floor great room.  New roof. $599,000.  See photos….

444 Woodland Road

Privacy in the heart of Sewickley Village!  2.973 Acre yard with mature landscaping, sprawling lawns, in-ground pool, private patio and natural woodlands that provide a year-round buffer for this magical property, yet Village shops and restaurants are just a few blocks away! Renovate to restore the home’s original relaxed elegance, reminiscent of New England seaside homes.  Or replace with your own 21st century home of your design and creation!  A rare opportunity in Sewickley!  $825,000  See photos and more details

 

 

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

WHAT TO EXPECT ON INSPECTIONS

We just completed a home inspection and submitted our requests to the seller.  They did not respond well and felt we were too comprehensive in our list of requests, although they were all items the home inspector pointed out as issues in his report?  What are we to expect?

The home inspection process is as individualized as the people buying the homes.    Some sellers are so eager to sell their homes that they will gladly cede to your every demand.  Some homes are so well priced and so well received by the market that the sellers are willing to do virtually nothing with respect to inspection requests.  How your sellers respond will likely depend on how badly they want to sell to you, balanced with what they think their chances are of a sale to another buyer in the near future.  But there are a few guidelines to keep in mind when evaluating what to ask for on the home inspection and how to weigh the seller’s response.

Anything the seller has called out on the disclosure should not be part of your inspection requests – you should have taken these conditions into account when you were making your offer.  For example, if the seller has disclosed that the furnace is at the end of its useful life, it is not appropriate to ask for the seller to pay for a new furnace.

If the condition was easily observed when you visited the home, you should also have taken it into account when making your offer and not be raising the issue now.  For example, if you noted that the front sidewalk was badly cracked when you saw the home, that should have been addressed in your offer and you should not try to renegotiate price based on that condition after the inspection.

Finally, you should use some materiality standard for your requests.  Some buyers use a health and safety standard and focus on items that could put their health or safety in danger, such as electrical or radon problems.  Some use a major defects threshold and focus on items that are expensive to repair.  But as a general rule, it’s a good idea to let small items and maintenance items go, such as caulking bathtubs, tightening loose toilets and installing handrails on basement stairs (which no one except the home inspector cares about anyhow!)  If you focus on what really matters, you are more likely to establish a positive dialog with your seller and end up with a positive result.

FEATURED HOMES 

169 Backbone
New Roof May 2017! Directly across from Sewickley Heights Golf course and sited on a lush, professionally landscaped lot with expansive lawns, perfect for your outdoor activities, this home is move-in ready!  3 finished levels include 5 bedrooms, 3.5 baths, 2 working fireplaces, large deck, patio & delightful gazebo.  $595,000   See more details and photos on 169 Backbone HERE!

300 Chaucer Court
With its beautiful acre of land in an idyllic “up the hill” neighborhood, you can be moved in to host warm weather fun this summer! Throw memorable parties at this turn-key Sewickley home! The large deck and covered stone patios spill onto the manicured lawn, with sport court, outdoor bar, covered ping pong area and Rainbow playset. Inside, a stylish aesthetic seamlessly unifies the three finished levels. 4 bedrooms, 3.5 baths, 3 car garage. $799,000. Get more details and see more photos on 300 Chaucer Court HERE!

I’m ready to answer any questions you have regarding your real estate needs.
Kathe Barge, CRS, ABR, CNE
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

CAN WE USE AN OUT-OF-STATE MORTGAGE LENDER?

I have a friend who has a mortgage business in another state and he tells me he can handle our mortgage here in Pittsburgh.  Thoughts?

It is incredibly tempting to take friends up on offers like this one because we hope when working with a friend we might get a better deal.  However, when it comes to mortgages, this is not a good idea!  My best advice is to ask your Realtor for several recommendations of local lenders and shop rates and fees.  Chances are you will find an equally competitive rate here.  Why do I recommend local lenders so enthusiastically?

There are many facets of our real estate contracts that non-local lenders may not be aware of and that may cause a snag in your deal.  For example, our contracts declare time is of the essence, so your deadlines are exactly as written in the agreement – there are no automatic extensions as there are in many states.  If your lender misses your mortgage commitment date because he doesn’t realize this, the seller could terminate your deal and you could lose your dream house.

Non-local lenders also often do not understand the transfer costs of our area and may mis-quote your loan fees. For example, our transfer taxes vary from borough to borough and are reasonably significant.  If an unaware non-local lender does not include the right figures up-front, he might qualify you for more than you can afford, which could cause problems later when your home gets to underwriting and you suddenly find out that you actually don’t qualify!

Local lenders are also far more likely to be vested in the success of your transaction.  They probably do a fair amount of business with your Realtor and will go the extra mile because they want to keep referrals from your agent coming.  Take advantage of this fact – you are most likely to get the best rates and service from lenders right here in Pittsburgh who are vying for your Realtor’s future referrals and want to make you happy every step of the way!

 

FEATURED HOMES

 

608 Broad Street

608 Broad Street

The contractors have just left this newly remodeled gem.  Less than a block from the Sewickley business district and two blocks from the hospital, you can’t get any more convenient than this! 4 bedrooms and 2 new baths, new kitchen, open floorplan. Wonderful covered front porch.  $389,900

 

 

 

 

 

 

 

17 Linden Place 

Impeccable, neutral Sewickley Village colonial on charming tree-lined street is close to all Village amenities.  Three finished levels of living space includes 4 bedrooms, 2.55 baths in the main house PLUS a 4 car garage with one bedroom apartment above. Large fenced back yard w/ patio.  $10,000 decorating allowance offered to the buyer. $735,000.

As an Associate Broker at HOWARD HANNA REAL ESTATE SERVICESKathe Barge, CRS, ABR, CNE, is ready to answer any questions you may have regarding your real estate needs.  Feel free to contact her at the office (412) 741-2200 x238or on her mobile phone (412) 779-6060.

WHAT MUST STAY WHEN A HOME SELLS

Our home is under agreement.  When we moved in we installed expensive hardware that we really love (door knobs, switch plate covers, towel rods, etc.). We would like to take it with us.  Can we substitute other items before we close?

Absolutely not!  Any item that is affixed to your home with a screw, nail, etc. must convey with your home unless you have specifically excluded it from your agreement of sale.  Unless you raise this question during negotiations and your buyer agreed prior to signing the agreement, the items must remain with your home.

About 15 years ago I represented a buyer of a home that was remodeled with high-end Restoration Hardware items – cabinet knobs, towel bars… After we agreed on a price but before closing, we returned to the home to discover that the sellers had removed the expensive Restoration Hardware items and installed baseline builder items from Lowes.  This was not what my client had seen when they toured the home and not what they had agreed to purchase.  The seller ended up providing a $7000 reduction in the purchase price to make up for the items that had been switched.  I’m not sure if the buyer ever replaced the items – what is relevant was that the removal of the high end items made the home less valuable.

If you find yourself heading toward a closing and you are just realizing that there is something affixed to your home that has sentimental value that you forgot to exclude, you can certainly ask your buyer if they would agree to a substitution – most buyers will allow removal of a sentimental item if you replace it with a like value item.  Absent buyer consent or upfront exclusion, all affixed items must stay.  Items that are occasionally inappropriately removed include:  appliances, doorknobs, switch covers, towel bars, curtain rods, mailboxes, attached shelving and TV wall mount brackets.  Mirrors that are attached must stay. Those hanging on hooks can be removed if you have to have them (although most buyers do expect them to remain).

FEATURED HOMES:

 

180 Summerlawn Drive

Beautifully remodeled open concept 17 year old home on ½ acre wonderful lot in a delightful Sewickley neighborhood close to Village. Four finished levels of living space including finished walk out lower level. Kitchen with new stainless appliances open to family room.  Main level laundry.  Large master suite. Four bedrooms, 3 full and 2 half baths. Third floor great room.  New roof. $599,000.

 

 

7 Harvester Court

7 Harvester Court

Tired of looking at one “project” after another for a home that is “move in ready”? Your search is over!  This custom-built all brick colonial was just renovated with 3 new luxury baths, newer kitchen, new roof, new HVAC, new deck, new paint in modern aesthetic and more. Totally turn-key for you and your family! 4 bedrooms, 3.5 baths, 3 car garage, finished walk-out lower level, nearly 2 acre lot. $775,000.

 

 

As an Associate Broker at HOWARD HANNA REAL ESTATE SERVICESKathe Barge, CRS, ABR, CNE, is ready to answer any questions you may have regarding your real estate needs.  Feel free to contact her at the office (412) 741-2200 x238or on her mobile phone (412) 779-6060.

Paying Down the Principal

Is it a good idea to pay down the principal on your mortgage if you have extra cash? 

I have no doubt that my friends in the financial services industry would tell you that you should invest your money in the market rather than paying down the principal on your mortgage – debt is cheap right now and the stock market has been hitting all-time highs, so if you are comfortable with the risk, investing your excess cash in the market might yield you a higher return than pre-paying your mortgage.

However, possible appreciation is for many only one of several factors that should be considered. For some, eliminating debt provides a feeling of security.  Having little to no debt can be a great comfort if you lose your job, choose a new, lower paying career or simply retire.  For this reason, some choose to pay down their mortgage as quickly as possible so that they have a significantly lower monthly need for cash.

There is also a significant savings to those who pay off their mortgage early.  Simply making one additional payment each year (for a total of 13 payments instead of 12) can make a notable difference in your total cash outlays.  For example, if you add an extra 1/12 payment onto your monthly payment and if you have a $200,000 30 year loan at 4.5%, you will pay your debt off 4 years and 3 months earlier than expected and save yourself $27,000 in interest as well!

Finally, the more you pay down your mortgage principal, the faster you build equity in your home, which will put you in a great position when you want to buy a new home.  In essence, paying down principal early works as a sort of forced savings plan – before you know it you will have amassed an impressive nest egg!

 

FEATURED HOMES

 

608 Broad Street

608 Broad Street

The contractors have just left this newly remodeled gem.  Less than a block from the Sewickley business district and two blocks from the hospital, you can’t get any more convenient than this! 4 bedrooms and 2 new baths, new kitchen, open floorplan.  $389,900

 

 

 

 

 

 

 

1107 Beaver Road

1107 Beaver Road

Straight from the pages of a magazine, this spectacular home offers every imaginable amenity! Located on a large lot in the heart of Sewickley Village, this stunning home features 7 bedrooms, 4.5 baths, 2 car garage, incredible covered porches and a beautiful kitchen. Gorgeous architectural details blend seamlessly with modern conveniences. $1,140,000.

As an Associate Broker at HOWARD HANNA REAL ESTATE SERVICESKathe Barge, CRS, ABR, CNE, is ready to answer any questions you may have regarding your real estate needs.  Feel free to contact her at the office (412) 741-2200 x238or on her mobile phone (412) 779-6060.

Favorite Real Estate Stories

What is your all-time favorite real estate story? 

There are so very many favorite stories I could share!  My favorites are the ones that are incredibly stressful in the moment and too funny to be believed after the fact!  Most arise in the moments before closing when tensions are already high.  I’ll never forget my first year in real estate, now eighteen years ago, when I hadn’t yet figured out how important it is to specifically tell a seller what is expected for closing.  One seller was quite shocked to discover that they were actually required to remove the 20 pairs of snow tires they had stored in their garage, and none too happy to incur the significant haul away charge.  Given the large fee associated with their removal, I could certainly understand why they hadn’t previously parted with the tires, but I never figured out what they thought the new buyers were going to do with them.  Now I tell all sellers:  you must remove all items that are not affixed to the home and not specifically included in the sale from the home prior to closing.  And yes, that includes all of the old paint that has been in your basement for the past 50 years!

I have at times encountered sellers who are confused about what condition they must leave a home in for closing.  So confused it seems that homes have been presented with trash strewn around, cookie crumbles all over the floor and filthy appliance interiors.  I will never forget the closet smoker seller who scattered an entire coffee can of cigarette butts on the walk on her way to closing, unhappy with the price she had agreed to, only to have to leave the closing to go home and clean up.  Another rule for sellers:  the home and property need to be clean – broom swept at a bare minimum.

The most confusion centers around inclusions and here I really have seen it all.  The seller who removed all lightbulbs from all lighting fixtures was certainly going too far!  My absolute favorite was the seller who removed the toilet from the master bathroom, leaving nothing but a hole in the floor, stating that a toilet was a “personal hygiene device” and that they didn’t understand why the buyer would want it!  As you can imagine, the seller had to pay to replace the toilet. Which brings me to one final rule for seller: if it’s attached to the property, be it by nail, screw, glue… it stays!

FEATURED HOMES:

608 Broad Street

608 Broad Street

The contractors have just left this newly remodeled gem.  Less than a block from the Sewickley business district and two blocks from the hospital — you can’t get any more convenient than this! 4 bedrooms and 2 full bathrooms, including a dedicated master bath.  New kitchen with stainless appliances.  $389,900

 

 

 

 

1008 Beaver Road

1008 Beaver Road

Less than .5 miles to central Sewickley Village yet sited on private 4 acre lot. Inside, discover a modern  home with beautiful finishes. Stylishly remodeled kitchen w/ Subzero fridge, Viking professional range, charming butler’s pantry. With six bedrooms, two home offices, a formal study, cozy family room with fireplace, living room with semi-circular bay window, sunroom, enormous recreation room/gym, and a 2 attached car garage (and much more!), this home is a show stopper!  $1,950,000

 

As an Associate Broker at HOWARD HANNA REAL ESTATE SERVICESKathe Barge, CRS, ABR, CNE, is ready to answer any questions you may have regarding your real estate needs.  Feel free to contact her at the office (412) 741-2200 x238or on her mobile phone (412) 779-6060.

For What It’s “Worth”…

In your May 11th article, your first item you noted about real estate is that a home is worth what a buyer is willing to pay.  I thought a home is worth what it appraises for?”

In my May 11th article (available to those of you who missed it on my website), I did list 12 important things everyone should know about real estate, the first being that yes, a home is only worth what a buyer is willing to pay.

Appraisals are typically done in conjunction with a mortgage application, although they are sometimes done as part of an estate administration or by a homeowner who wants to get a better sense of what a home is worth.  Many appraisers are not experts in the neighborhood they are trying to appraise a home in and miss the block by block nuances that greatly affect value.  However, even if they are well versed in a particular area, they may not have been in every home and may not understand the special circumstances s