With the Changing of the Seasons Now is the Time to Buy or Sell Real Estate



There are many great Pittsburgh area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (412) 303-3600 for a FREE home buying or selling consultation to answer any of your real estate questions.

Is now the right time for you to sell your home?

Today I wanted to touch upon a topic that both buyers and sellers will find interesting and that is whether or not now is the right time to sell. My answer to that is yes to both buyers and sellers! If you’re a seller, the inventory during the winter months is typically low. However, it seems like the inventory this year is extremely low; but what does this mean for sellers?

If you decide to sell your home in the winter months versus waiting until April or May, you sell your home faster and for more money. Sellers who are selling their homes now are receiving 2-2.25% more than they would if they wait. It isn’t that simple sellers; you still have to price your home within the range that your agent gives to you. Buyers are extremely smart and exactly know what homes are selling for.


If you’re a buyer, you can still capitalize on low interest rates; interest rates are the lowest they’ve been in five years! However, if interest rates begin to climb by 0.5% or 1%, the price of the home you want to buy will drop by $15,000 to $20,000. Also, the prices of homes are still relatively low but be aware that they are slowly creeping up.


The bottom line is if you want to buy a home, get preapproved and begin working with an agent now. In 2014, I believe that interest rates will climb to 5-5.5% by the fourth quarter. I also believe that by the end of the third quarter, we will enter a stronger seller’s market.


If you have any questions, give me a call at (412) 303-2600. Thanks and have a great day!

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