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The real estate market is hot in Pittsburgh. Buyers are fighting tooth and nail to find good homes, and you may have had one or more of your home offers rejected. Inventory is low, which makes it harder for you to find good homes to purchase. There is simply too much competition, and the only way to deal with this is to write stronger offers on homes that you want to purchase.
It’s taking a home in Pittsburgh roughly 23 days to sell, so your offer needs a sense of urgency. You will also have to be ready to pay close to the home’s listed price. People always seem to think that nobody pays full price for a home, but the opposite is true for buyers in Pittsburgh. Some people are paying over the listed price for a home. On average, people are paying 97% of a home’s listed price in Pittsburgh. This means that you have to put down an offer that is at least 95% of the asking price.
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Your offer needs to be close to the list price.
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Making a competitive offer is crucial if you want to stand a chance at buying a home in Pittsburgh. It should also be free of contingencies and you might want to offer to pay most of the closing costs as well. However, every situation is different and I recommend that you call me to discuss your offer.
If you need more advice, please don’t hesitate to contact me!