Rising interest rates may keep you off the fence. - 07/26/07 02:31 PM
It looks like interest rates are rising again. They are now hovering over 6.5% for 30 year fixed. Most banks or mortgage companies can lock your rate in for a maximum of 60 days. Locking in a rate means that a bank will honor the interest rate they give you for 60 days. If the rates go up during that time, you'll still keep the rate you were quoted.So if you're on the fence about whether to purchase a home or not, a quick decision may save you money.For more information about buying a home, visit www.MikeSellsPittsburgh.com
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What's the deal with home inspections? - 07/26/07 02:29 PM
Recently I worked with an investor who was looking for a property to purchase and rent out. We spent a few months previewing homes looking for one that was just right for his needs. We ended up finding a nice single family home in Bellevue that was priced well but needed some work done. My buyer didn't mind doing some repairs but didn't want to fall into a money pit.So we looked around and were noting various items that would need fixed or replaced. A few of them were the roof, furnace, porch gutters, two windows, and electrical panel. Since we … (0 comments)

Why price isn't the only detail of an attractive offer - 07/26/07 02:23 PM
I've been working with a particular buyer for well over a year helping to find the "perfect" home for him. I currently have him signed up for my Property Search service so he immediately gets emails as soon as a property hits the market.We would usually go out every couple of months to see a property or two. He would call or email me and we'd set up an appointment to see them a few days later. But then one day he emailed me right after a new listing was available and he wanted to see it ASAP. This home had … (0 comments)

When should brides and grooms start looking for a home? - 07/26/07 02:15 PM
The wedding date is picked. The locations are set. The only thing left to do is everything....including looking for the perfect home.But when should you start?Although your wedding day may be many months away, it's not a bad idea to start doing some casual looking as soon as you can. The first step is to contact a good real estate agent and give him/her an idea of what you're looking for. Also, let him know that you won't be purchasing a home for a while but you're just checking the market to see what kind of homes are available in your … (1 comments)

The problem with overpriced homes....and it's getting worse - 07/26/07 02:11 PM
This has been a rough week for me when it comes to overpriced properties. One of my buyers called me all excited about a particular property she was interested in. It was a small two bedroom home on almost 2 acres of land. It was also two doors away from her sister's home. I looked up the property and we saw it the next day.It was a cute house in a nice area, but it was pretty small. And to make matters worse, someone purchased the vacant lot next to it where he was going to build a new home. Not … (0 comments)

 

Mike Martin

Pittsburgh, PA

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Northwood Realty Services

Office Phone: (412) 367-3200 x 315

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