Should You Sell?

Anyone who has turned on the news in the past 5 years has seen the massive demand for houses in Pittsburgh as well as the increasing sales prices. Areas like Lawrenceville have spiked over $600k sales! With all this money coming in it almost seems like a no brainer to sell your house in Pittsburgh this year.

The decision comes down to this. Do you think your property will be more valuable now or down the road? While most people are led to believe that real estate prices just go straight up, this is the furthest thing from the truth. There has been several massive recessions including 2008 where real estate prices dropped dramatically. There are market cycles in real estate just like every other asset class.

Over the past decade, interest rates have continued to drop, thus making it easier to purchase a home. People have become over leveraged with debt as money is very cheap. This has continued to push the price of housing up as there is massive demand. With concerns with the trade war, debt levels rising, global recessions, and general market cycles, the good times might not last. This is no guarantee on the future, but there is a very real chance of a recession as people have been living as if nothing bad can happen.

Prices in Pittsburgh for properties for sale are still rising, but for how long? Once consumers stop spending and fear the future, prices begin to drop as sellers have to try to entice buyers to enter the market again. This could be the perfect opportunity to sell your house in Pittsburgh for top dollar. While rates are still low, and buyers are still active, it makes for a great market to cash out on your home or rental properties.

Could a cash deal be right for you? If you'd like a no obligation offer on your house send us a message! We work with sellers all over the city.