Mortgages: Local or Online?

We are planning to buy a new home soon – we see advertisements for internet lenders offering what seem to be below market rates. Is this too good to be true?

If you are simply refinancing an existing mortgage debt, you MAY be ok choosing an internet lender.  You just need to be very careful that, before you apply to refinance your loan, you receive from the lender a full disclosure of all the costs and not just the rates. Oftentimes I see lenders have exorbitantly high fees connected with low rates.  In a sense, you are buying down your rate by paying high fees upfront.  Be sure to compare them on the same day to a couple of local lenders and understand what you are paying to get the quoted rates.  The reason you must compare rates on a singular date is because rates go up and down continuously and a rate may seem lower simply because you called a particular lender on a date rates dropped.

If you are buying a home rather than refinancing, I do NOT recommend that you use an internet lender.  They do not tend to be familiar with area norms and that can cause you more headaches than you can imagine.  There is a long list of particularities to PA Agreements of Sale and the last think you want to do is have your closing delayed (while your movers are standing at the curb) while you wait for your lender (who does not have a local presence that you can  visit personally to address any issues) to sort things out.  As they are not familiar with our Agreements and processes, internet lenders may also impose requirements on you to “fund your loan” that are not requirements generally imposed by local lenders that may disadvantage you later.  Finally, internet lenders often do not understand that PA Agreements of Sale declare “time is of the essence” inside the contract – what that means to you is that if you miss your closing date because the lender isn’t ready to close, the seller does have the legal right to declare you in default, keep your hand money and sell the home to someone else.

When buying, why take a risk?  Rely on your trusted Realtor to help you find a local lender who offers the most competitively priced loan products and delivers exceptional customer service.  Realtors cannot accept referral fees from lenders, so you can be sure we are motivated only by knowing you will have an outstanding transaction.  Feel free to reach out to me for help finding you the best local lender to meet your financing needs!

213 Chestnut Road

Beautifully remodeled Sewickley Village Victorian with high ceilings, open floorplan and fabulous original architectural detailing.  Wonderful newer master suite with stylish newer bath.  Four finished levels of living space including lower level gameroom. Flat backyard, two car detached garage.  A very easy walking distance to Village shops and restaurants. $795,000

 

518 Irwin Drive

Exceptional opportunity to own one of Sewickley’s landmark homes! Recently remodeled with a current design aesthetic, this notable home is architecturally impressive and yet incredibly comfortable for today’s lifestyles.  Outstanding main level space includes a huge kitchen open to a large family room, spacious “homework room” adjacent to the kitchen, and living room, dining room and den.  Finished lower level. 6 bedrooms, 4.5 baths PLUS a nanny/in-law suite.  Incredible yard with room for a pool.  So close to all Village amenities and yet giving you the perfect amount of privacy.  $2,700,000.

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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

The Importance of Full Disclosure

We had some prior water leakage in our basement but its been dry for years – do we need to disclose that in our disclosure?

We live in a community of older homes and there are likely skeletons hanging in most of our closets (if not on our front porch this time of year), and yes, it is important to fully disclose the history of your home.  In some cases, prior water leaks may lead to mold development that you may or may not be able to see and it is important for buyers to be able to evaluate this possibility.  But in any event, the problem could recur and if you fail to disclose and the problem recurs, you could find yourself in the middle of a lawsuit for fraud.

Required disclosures are of course not limited to water issues. The disclosure is going to want to know about the history of your roof and gutters, the history of any wood-boring insects that have affected your property, the history of any structural issues or issues with your driveway…, the history of any fire or ice damage, the history of your remodeling, the history of any property flooding, the history of any hazardous substance testing (mold, radon, lead), and of course the current status of all elements of the property.

The disclosure is your friend. Properly worded, even the most scary problems can be disclosed and managed.  And if you are aware of the issue (past or present), properly disclose it and take it into account when pricing your home, you can sell your home knowing that the issue is not going to raise its ugly head in the future! I am more than happy to help you with that when you are ready to list your home! Not thinking about moving any time too soon? Be sure to keep a file of all of the repairs you have made over the years so when you eventually do sell you can refer back to your file and easily disclose the items you have repaired over the years. Keep in mind, the more of the skeletons in your closet that you disclose, the lower the bills from inspection related items will be and the lower the risk will be of the buyer calling you later with undisclosed historic issues!

213 Chestnut Road

Beautifully remodeled Sewickley Village Victorian with high ceilings, open floorplan and fabulous original architectural detailing.  Wonderful newer master suite with stylish newer bath.  Four finished levels of living space including lower level gameroon. Flat backyard, two car detached garage.  A very easy walking distance to Village shops and restaurants. $795,000

 

 

518 Irwin Drive

Exceptional opportunity to own one of Sewickley’s landmark homes! Recently remodeled with a current design aesthetic, this notable home is architecturally impressive and yet incredibly comfortable for today’s lifestyles.  Outstanding main level space includes a huge kitchen open to a large family room, spacious “homework room” adjacent to the kitchen, and living room, dining room and den.  Finished lower level. 6 bedrooms, 4.5 baths PLUS a nanny/in-law suite.  Incredible yard with room for a pool.  So close to all Village amenities and yet giving you the perfect amount of privacy.  $2,700,000.

QUICK SEARCH

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 a Survey

Should we get a survey in connection with our new home purchase or can we rely on the seller’s old survey?

Often buyers do not order a survey of their new home and while this saves a buyer at least $400 – $500, ordering a new survey when you buy a home is a good investment. Surveys are valuable because they will show you whether there are any boundary issues with the property that might be expensive to fix later. For example, the neighbor may have built his new shed slightly over the property line. Getting that fixed might strain neighbor relations and cost you money. Better to let the current owner handle it before closing. Surveys can also reveal undisclosed easements across your property. You might find out that the neighbor has the legal right to have their driveway on a piece of your property or that the neighbor has a right to use your driveway to get to their property. While you may be ok with shared use, it is certainly something you want to make an informed decision about and not something you want to find out after the fact.

Surveys are also valuable because they show you where you can build and where you can install items such as decks, patios, pools and sheds. These can be expensive to undo if you make a mistake and end up on your neighbor’s property – better to make an upfront investment in a survey and get it right the first time. Surveys are essential if you are planning to install a fence or invisible fence. In these situations its actually an excellent idea to have the surveyor return to “stake” the property line so that you are certain you don’t put your fence on your neighbor’s land.

Finally, without a survey, at closing your title insurance company will issue a policy with “survey exceptions,” meaning that if you later find out there is an issue, the title insurance policy will not pay to resolve the issue. In order to get the best possible title insurance coverage, it is important to get a new survey.

When you are moving toward closing on your new home your settlement company will ask you whether you want a survey and I recommend that you respond yes!

 

106 Raintree Lane – NEW LISTING!

Fabulous Sewickley home checks every box! The huge yard offers plenty of play space! Inside, the open floorplan is ideal for daily living and entertaining. Upgraded kitchen with granite tops and stainless appliances is open to family room with fireplace and large breakfast room with walls of windows overlooking the yard. Finished lower level with full bath is ideal for indoor fun! Upstairs there are four bedrooms including a spacious master suite. Wonderful attached garage. Main level laundry. Fabulous deck off kitchen/breakfast room is wonderful for warm-weather entertaining. This is a well-built S&A home with a great yard, a great floorplan and a great sense of style! $555,000  See More… 

 

256 Thorn – NEW LISTING!! Open House- October 13th, 2019

Landmark Sewickley Village Home in Incredible Central Sewickley Village Location. Stately Stone & Shingle Masterpiece has been completely remodeled and seamlessly blends today’s modern amenities with gorgeous architectural detailing only found in the most elegant of homes! Magazine perfect high-end kitchen is fully loaded and open to the incredible family room & breakfast room. The most perfect pergola topped outdoor patio with custom log-burning fireplace is ideal for your warmer weather entertaining. 3 car garage. Just steps from the Village shops and restaurants.  Open Sunday 1-4pm. $1,550,000  See More…

 

 

QUICK SEARCH

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

For Sale “As Is”

We want to sell our home “as is.”  Is this possible?

If everything comes together perfectly, then yes, it is possible to sell your home “as is”  — here is what you will need to do to make that happen!

First, you must start by having your home pre-inspected.  Very few buyers would consider waiving inspections if the home has not been a qualified home inspector, with reports provided to prospective buyers. You will then need to take the inspection and use it to thoroughly complete the disclosure, making sure that you clearly identify all deficiencies that you aren’t planning to repair.  If there are larger items such as a high radon reading, suspected mold or knob and tube wiring, you should at a minimum get estimates for the repairs.  All of these things, the disclosure, the inspection reports, and the estimates, all need to be provided to prospective buyers.

The second step to a successful “as is” sale is to price the home for the condition you now know it to be in.  The advantage to this approach is being able to tell buyers that the price reflects known condition.  You will be far less likely to have requested price adjustments later for unknown issues.  It is very important that your chosen price reflect the condition you now know your home to be.  For example, if your home has knob and tube wiring, you can’t expect to receive the same price as a similar home that had been rewired.  Rewiring is generally speaking a $20,000 – $40,000 project.

Finally, a great marketing strategy is key.  To truly achieve an “as is” sale your agent will need to drive in significant traffic and generate multiple offers so that the bidding buyers are willing to waive all inspections in order to be the winning bidder.

I just orchestrated this approach on one of my listings and it worked perfectly.  A seller I represented wanted an “as is” sale, did the pre-inspections, obtained estimates and priced very well.  We ended up with 4 offers, inspections waived, and ended up selling at nearly 10% over list price!  The up-front effort was well worth the end-result!

 

321 Merriman Road, Sewickley Heights – NEW LISTING!

An exceptional opportunity to live on 42 gently rolling acres in very desirable Sewickley Heights.  Beautifully remodeled, this classic historic colonial perfectly blends sophisticated living, modern amenities, and stunning architectural details throughout!  Featuring 6 bedrooms, 7 full and 2 half baths, this home boasts a grand entry hall, large open kitchen and inviting two-story family room, well-cabineted butler’s pantry, two mudrooms, handsome private den, spacious formal rooms, main-level gameroom with three walls of windows, large bedrooms and fabulous master suite with dressing room. Glass doors open to charming patios which spill out onto the sprawling lawns!  Wonderful pool, outdoor kitchen and living space with impressive outdoor fireplace offer ideal venues for warm-weather entertaining and fun!  Four car garage. $4,250,000  See More…

106 Raintree Lane, Sewickley – New Listing! 

Fabulous Sewickley home checks every box! The huge yard offers plenty of play space! Inside, the open floorplan is ideal for daily living and entertaining. Upgraded kitchen with granite tops and stainless appliances is open to family room with fireplace and large breakfast room with walls of windows overlooking the yard. Gorgeous wood floors on the main level. Finished lower level with full bath is ideal for indoor fun! Upstairs there are four bedrooms including a spacious master suite with large walk-in closet and en-suite bath. Wonderful attached garage. Main level laundry. Fabulous deck off kitchen/breakfast room is wonderful for warm-weather entertaining.  This is a well-built S&A home with a great yard, a great floorplan and a great sense of style!  $555,000  See More…

QUICK SEARCH

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

Selling It Empty

We plan to move out of our home before we put it on the market.  Any thoughts on selling an empty home?

Some homes definitely sell more readily vacant – my last home was one of them – and so I definitely do not dissuade sellers from emptying their homes before selling them, but there are some important tips to keep in mind!

If you are emptying your home, then empty it.  Do not leave behind the items you don’t want.  Do not leave behind soaps, shampoos, chemicals, lawn fertilizers… Empty is empty.  So please plan on a complete clean out.  If you need help finding people to help dispose of items, give me a call!

It is critical to be sure that once your home is empty, you bring in a handyman to make sure that everything is in good order.  Holes should be patched and touch-up painted, scuffs eliminated, carpets and windows cleaned, all light bulbs working … When there is no furniture to look at, the condition of the home is all the more important.

Make sure you have a plan for upkeep of your empty home.  The yard must be regularly maintained, including weeding, leaf and snow removal.  The interior tends to be easier to keep up, but do be sure you arrange for a periodic quick clean.  It is also a good idea to hire a neighbor or friend to check your home regularly to make sure that there has been no crisis at your home (such as a broken water pipe).

Be sure to keep your home properly conditioned (warm enough in the winter and cool enough in the summer). I have actually seen mold grow inside a home when sellers do not keep the air conditioning running in warm weather in their vacant homes – this will cost far more to clean up than the air conditioning bill!  Finally, consider putting lights on timers so when buyers drive by in the evening, your home does not appear dark and unloved!

Selling a vacant home is not a bad thing, but it is important that you follow these tips to be sure your home is presenting well to prospective buyers!

 

226 Foxwood Rd, Moon Twp – NEW LISTING

Trendy, stylish 6 year old home in convenient Moon neighborhood checks all of the boxes NEW kitchen features all stainless appliances & industrial pendant lighting adds a touch of style. Ultra-convenient upper level laundry. NEWLY finished walk-out lower level w/ half bath, walk-up bar opens to large green space backing to woods. Highly energy efficient w/ high performance windows, high efficiency HVAC & water heater and thermal barrier. Immaculate condition throughout! $425,000

 

 

139 Blue Heron Drive, Wexford – New Listing

Better than new brick front colonial in ultra-convenient Wexford neighborhood with incredible access to Rte 19 shops and restaurants and I-79, downtown Pittsburgh and the airport. Immaculately maintained, walls of windows flood this cheerful home with natural light. Open floorplan,  Gourmet kitchen, tranquil back deck with wooded views. Private den, laundry adjacent to kitchen, dramatic two-story. Master suite includes a luxurious walk-in dressing room.  $495,000

 

QUICK SEARCH

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 Decluttering Mindset

We are finding the process of decluttering to get our home ready to sell very challenging – any suggestions on what to do with all this stuff?

If you’ve lived in your home for a while, it’s easy to accumulate a lot of “stuff,” yet we all know from HGTV and my weekly columns how important it is to present a more minimal home to the market to maximize your price and minimize your days on the market.  And yet, more often than not, cleaning out is easier said than done!

I’d like to start with a reminder that once you have committed to moving, be it now or in 5 years, its key to adjust your mindset.  Moving all of the “stuff” that you have accumulated to your new home is going to rack up your movers bill, and movers are surprisingly expensive. If you wait until your home is under agreement to address your accumulations, you are going to feel like you are in crisis mode having to address it all in a short time frame!  So start now, and think about what you really are going to want/need in your next residence and then get rid of everything else!  Below are some suggestions on what to do with your stuff. I’ve had to come to the difficult realization that my kids don’t want the basement full of stuff I saved – you may have some of the same processing to do.

Take advantage of your waste management program and call for the free hazardous waste disposal bags and start getting rid of old paints and other toxic substances.  Most garbage contractors will also haul away at no additional charge one larger item per week, such as an old mattress and box spring set (which counts as one item). You would also be surprised, if you put unwanted items on the curb a full day ahead of trash pickup, how many of them will be gone overnight.  Drop off old, broken or unwanted appliances for recycling at the Appliance Warehouse on the South Side. Left over items from renovation projects can be donated to Construction Junction in Point Breeze.  Clothes can be donated to a myriad of local charities including the Sewickley Academy Clothesline Sale coming up in September.  And all of the household items and furniture you don’t need or want anymore can be donated to the Day on the Lawn Fundraiser at the Presbyterian Church, Sewickley – the last two drop off times this year are this Friday, 8/30, 9am-noon and Saturday, 8/31, 9am-noon!  If you have items of higher value that you don’t want to just give away, there are many options for selling these items – give me a call and I can connect you to valuable outlets for selling your treasures.  If there are items that you want to hold onto them but they are not being incorporated into the home staging, I recommend moving them to an off-property storage facility or using a storage pod that you can load in your driveway and have taken to a storage facility.  I would be happy to chat with you personally about how to orchestrate it all – just give me a call! 412.779.6060

 

6181 Rittman Road, West Deer

Incredible 46 acre equestrian estate in Gibsonia with easy access to downtown Pittsburgh! This fabulous horse farm includes the farm house with 4 car garage, 3 bedrooms, 3.5 baths, finished lower level, main level master suite and inground pool.  The large barn has an upper level for storing farm equipment and hay and a lower level equipped with stalls, tack room, laundry. The  property includes a 16,000 SF indoor riding arena, outdoor arenas and fenced pastures.  This is a working farm, ready for you to bring your horses!  $1,500,000

 

179 Sweetwater Drive

Looking for new construction in Sewickley? Here’s your chance! Beautiful 7 year old colonial with three car garage! Hardwood floors unify the main level. Amazing open floorplan is ideal for family living or entertaining. Kitchen features timeless white cabinetry topped with granite, stainless appliances. Large center island easily seats 4-6. Main level laundry/mudroom conveniently connects to the attached garage. Master suite with large walk-in closet and en-suite bath. 3 additional bedrooms.  Unfinished lower level with rough-in for full bath is ready for your custom finishes. $529,000.  See More…

QUICK SEARCH

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