HomeBuyers of Pittsburgh In The News - Homebuying and Selling in PGH

How to Sell an Inherited Home: A Comprehensive Guide

3/9/2023

Inheriting a home can be a bittersweet experience. On one hand, you've just acquired a valuable asset, but on the other hand, you may be left with the big responsibility of selling the home if you don't want to live there or maintain it as an investment property.If you've inherited a home in the Pittsburgh area and have decided to sell it, this article from HomeBuyers of Pittsburgh will provide...

When Is the Best Time to Sell a House in Pittsburgh?

2/24/2023

The spring (late March to June), generally regarded as the beginning of the housing shopping season, is the best time of the year to sell a home in Pittsburgh, Pennsylvania.You stand a good chance of selling your home quickly and for the highest possible price during this time, usually within 30 days.According to The Mortgage Reports, which aids everyday consumers in making sense of the frequently...

Do House Prices Go Down in a Recession?

2/16/2023

According to a survey of economists conducted by Bloomberg in December 2022, there is a 70% probability that the US economy will enter a recession in 2023.A recession is a period of economic decline characterized by a decrease in gross domestic product (GDP), trade, employment, income, etc., typically lasting several months to a year or more.Since the Great Depression of the 1930s, which is...

Is Pittsburgh a Good Place to Live?

2/1/2023

As proud Pittsburgh locals ourselves, the team at HomeBuyers of Pittsburgh can confidently say the Steel City is a great place to call home.It's easy to think there's hometown bias here, but we can back it up – many reputable organizations and publications have recognized Pittsburgh as one of the best places to live in the U.S.For example, Pittsburgh was recently ranked #26 on a list of "150 Best...

5 Mistakes to Avoid When Selling Your Home

1/27/2023

When selling your home, there are many mistakes you may make that could result in low offers, the property sitting on the market for an excessively long time, selling the home for much less than the asking price, a lawsuit against you, etc.We wouldn't want you to experience any major problems while selling your home, so let's get into some common blunders you should steer clear of to ensure your...

What is the Foreclosure Process in Pennsylvania?

12/31/2022

If you take out a loan to buy a house in Pennsylvania, you'll probably sign two legal documents, a mortgage and a promissory note.The mortgage grants a security interest in your home to the lender, while the promissory note contains your pledge to repay your loan promptly.If you don't pay as agreed, the mortgage also gives your lender the right to sell your house to reclaim all or part of the...

Is Pittsburgh a Good Place to Invest in Real Estate?

12/23/2022

Yes, Pittsburgh is among the best cities in America for making money on real estate investments.House flippers, entrepreneurs looking for rental properties with strong cash flow to hold for the long term, and other investors have made a killing investing in Pittsburgh real estate for years now.If you're considering investing in the Pittsburgh real estate market and wondering if buying property in...

What Happens to Home Prices When Interest Rates Rise?

11/29/2022

The Federal Reserve announced its fourth straight 0.75 percentage point increase in interest rates at the start of November 2022, continuing to ramp up its war against a 40-year high in US inflation.As the year draws to a close and well into 2023, more interest rate hikes to tame inflation are anticipated.Higher interest rates mean that borrowing will continue being expensive for both businesses...

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