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

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...

Pennsylvania Housing Market Predictions: What's to Come in 2023

10/24/2022

With less than 90 days left in 2022, leading mortgage lenders, real estate companies, housing gurus, etc., have gone into overdrive with predictions about what will happen to the US real estate market in 2023.What's up ahead for the housing market in Pennsylvania – and here in Pittsburgh – in 2023? Here are a few predictions.We've been closely following these forecasts at HomeBuyers of Pittsburgh,...

5 Best Pittsburgh Neighborhoods for Livability

10/10/2022

Pittsburgh is a large city with 90 neighborhoods, which can make it difficult to know the best place for you to buy or rent a home in the Steel City.If you're finding it hard to decide which area in Pittsburgh to settle down in, here are the best neighborhoods in Pittsburgh to live in based on livability factors like affordability, commute time, school quality, safety, community feel, and much...

How to Sell a House Yourself, without a Realtor

10/5/2022

Most home sellers work with a real estate agent to find a buyer for their home, and they pay the agent a 5–6% commission after the sale.The average home value in Pittsburgh, Pennsylvania, is currently around $238,000. If you sell your house for that amount, the real estate agent will receive $14,280 in commission ($238,000 multiplied by 6%).In most cases, the commission is split 50/50 between your...

How to Sell a Fixer-Upper House Fast

9/5/2022

The roof of your house is leaking, the basement has mold, the electrical system is outdated, the water pipes are corroded, and the house has several other cosmetic and structural issues.Now, after living in the house for years, you've finally decided to sell it – but you don't have the money or time to make any repairs that will increase the home's value.So, you're wondering who would want to buy...

Is the Housing Market Slowing Down?

8/31/2022

According to Google Trends data, more individuals are searching "housing crash" and related terms now more than ever.This is understandable because, for more than a year, the housing market has been operating without brakes, with high sales driven by demand, rising house prices, and mortgage rates – making it almost impossible for millions of Americans to be able to buy a home.Lower home prices,...

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