Wexford Real Estate Market Update

There are many great Pittsburgh area homes for sale. Click here to search Homes for Sale, 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.

Have a minute? I've some information you might find helpful if you're looking to buy a home in the Wexford, PA area.

First, there are 4 things you need to know about current market conditions:

• Inventories are low.

• Homes are selling quickly.

• There are often multiple offers.

• Usually buyers are paying full price.

In short, if you are looking to buy a house, you are going to have to compete. So, how do you avoid losing a house you want to purchase?

You never know how long a house will be on the market in these conditions, so it's important you take the necessary steps to make sure you're ready when the opportunity to buy presents itself.

The most important thing is to be prepared. Here's how:

1. Complete a Pre-approval. Have it in hand and give it to your agent.


2. Know your cost to purchase a home. Before you begin your search, know what your down payment is, what your closing costs are, and whether you'll need financial assistance.


3. Work with one agent. Sign a buyer-agency contract, this is simply how it's done nowadays.


4.  Be prepared to move quickly. You don't want the perfect house to slip through your fingers.


5. Listen to your realtor. Low-ball offers will not work. You agent knows the market and how to best make an offer on the home you want to purchase.

The current market conditions make it crucial that you are prepared.

By following these simple steps you can be sure that you'll beat the competition and not have to settle for anything less than the best!

How to Make Sure Your Home Sale Sticks

There are many great Pittsburgh area homes for sale. Click here to search Homes for Sale, 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.

The Wexford real estate market is perfect right now for sellers. Homes are selling quickly and inventory is still very low for this time of year. Although we are in a perfect seller's market, I have noticed  homes in Wexford being taken off the market, only to see them return days or weeks later. You may be wondering how this is possible? Well, I have the answers for you.

The first reason is that buyers are moving too quickly. They are so quick to make an offer on a home they like at first glance, they don't do the proper research and end up finding that the home either doesn't fit with them, or they paid too much for the home and want to rescind their offer. To protect yourself from this situation, you need to do research on your buyers. There are questions you need to ask such as "Is this the first time they have made an offer on a home?" or "Have they made offers on other homes in Wexford that they have walked away from?" If the answer to either of these questions is yes, you need to be prepared for them to do the same thing again. Its important to look at all the potential buyers for your home and choose the best possible one.

Another reason for this strange occurrence is due to a home's appraisal. When a home seller and a buyer's appraiser can't come to a conclusion on what is an acceptable price for a home in Wexford, the buyer will terminate the agreement. This is why it is essential for you to price your home correctly. When you sell your home, you are not only selling to a buyer, but to their lender's appraiser as well.

If you have any questions about this topic, or the home buying/selling process in general, please call us at (412)303-3600 or send an e-mail to sayhayteam@gmail.com