Monthly Archives: November 2018

UPDATE: 1080 Chatham Park Dr Unit G now CONTINGENT!

DHREA 30/11/2018

Click here for full property details!

 

 

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com today, and be the first to receive updates regarding Alex’s FREE monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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REDUCED! Wonderfully remodeled home at 1321 Oakridge in South Fayette!

DHREA 30/11/2018

 

Click the image above or this link for full property details, or click the video below to connect with Ashley Johnston on Facebook!

 

 

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Workshop group on MeetUp.com! Click the box below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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UPDATE: 791 Killarney Dr in Castle Shannon has been SOLD!

DHREA 30/11/2018

 

This wonderful home sitting in the Keystone Oaks school district is off the market! Congratulations to the buyer!

 

 

Connect with nearly 600 other Real Estate professionals! Join Alex Deacon’s Real Estate Workshop group on MeetUp.com! Click the box below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

 

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Open House this Sunday, December 2nd! Come out to 196 Mcadam Ave in Washington between 11am -1pm!

DHREA 29/11/2018

Click this link for full property details!

 

 

Network with nearly 600 Real Estate professionals today! Connect with Alex Deacon on MeetUp.com!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

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🎈PROPERTY UPDATE! 🎈 1662 McFarland Rd in Dormont has been reduced!

DHREA 29/11/2018

 

CLICK HERE FOR FULL PROPERTY DETAILS!

 

 

 

 

 

Network with nearly 600 Real Estate professionals today! Connect with Alex Deacon on MeetUp.com!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Property Update for 600 Redgate in Aleppo!

DHREA 29/11/2018

 

 

🎈 SOLD! 🎈

I’m pleased to announce this wonderful home at 600 Redgate in Aleppo is off the market…for now!

Once again, Shannon Staley and Sons will be applying their top notch expertise for renovations and updates. This “must have” home is about to turn into a “DEFINITELY MUST HAVE” home!

Stay tuned as we continue to post updates regarding this wonderful property so you can see the development happen in real time, and you can also follow Chris Ciccarelli on his Facebook page for updates!

 

 

 

We’re almost at 600! Join Alex Deacon’s real estate networking workshop group today, and connect with nearly 600 other real estate professionals. You’ll also be the first to receive updates on Alex’s monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Buying a starter home? Here’s what you need to know!

DHREA 28/11/2018

Many first-time homebuyers, especially in competitive markets, end up in starter homes as a part of their first foray into the real estate market.

The idea of a “starter home” goes back to World War II. After veterans completed their service, they returned home and took advantage of a provision in the G.I. Bill that guaranteed them affordable mortgages. The increased demand caused a housing boom, specifically for smaller, low-cost homes where the veterans could start their families.

Historically, these properties tend to be smaller in size than one might expect from a single-family unit, but the idea behind them is two-fold: these smaller properties help introduce individuals to the responsibilities of homeownership, while also serving as a launching pad– something to help a homeowner build equity before eventually moving on to a bigger and better property.

What to look for in a starter home

If you think you might be in the market for a starter property, here are some features you’ll want to keep in mind:

Affordability

Since this is your first time worrying about a mortgage payment, you might not be able to borrow as much, or you may not feel comfortable doing so. As the buyer, you’ll want to ask your lender to work up closing costs for you until you feel confident that you’ll be able to confidently make your payment each month.

Size

Starter homes tend to be much smaller than other homes on the market, both to keep costs down and upkeep manageable. As you look at homes, think seriously about how much space you truly need. Often, just one extra bedroom is more than enough room for first-time buyers.

Upkeep

Townhomes and condos are particularly popular options as first-time homes because they allow buyers to experience a lot of the positive aspects of homeownership without too much responsibility.

If you’re in the market for a living situation where much of the home maintenance is taken care of for you, a condo or townhome may be a good option. Just be sure to research the specific services that each community offers, as well as any associated fees.

Resale value / income potential

Since starter homes tend to be more of a stepping stone than a permanent solution, many first-time buyers go into to the purchase with a vague idea of what will happen once they outgrow this phase of their lives. Whether you’d rather sell the property or keep it and rent it out for passive income, the ability to attract future interest is key. For this reason, most starter homes are located in popular neighborhoods, with easy access to amenities like restaurants, bars, and public transportation options.

Should you buy a starter home?

While, ultimately, only you can decide whether or not now is the right time for you to join the real estate market, here are a few signs that you might just be ready to take the jump into first-time homebuying:

You’re financially stable

Even though starter home values are lower, you should still have a stable income, a handle on your debt and credit rating, and some amount of savings to put towards a downpayment. Additionally, you feel comfortable with the idea of being able to handle a monthly mortgage payment, as well as any unforeseen maintenance expenses that could crop up.

You’re settled (for now)

Even though your starter home probably won’t end up being your forever home, it’s still much more permanent than simply signing a year-long lease. Before you get your heart set on buying, you should double-check to make sure that you feel comfortable maintaining your life- your job, social circle, and surrounding area – as-is for the foreseeable future.

…But not too settled

These days, people are starting their path to homeownership later in life. If you’re in a place where you’re almost ready to start a family and you have a decent income, it may make more sense for you to keep saving and skip the starter home in favor of a larger property that will allow you and your family to grow as needed.

You’re willing to compromise

Too often, buyers are surprised to find that their starter home budget isn’t nearly enough to get everything on their wishlist.

Homeownership, especially in the first-time home bracket, is bound to come with a certain degree of compromise. Ideally, when you’re ready to make a purchase, you’ll be able to focus on foundational details like the home’s location and square footage rather than aesthetics. Those surface projects can often be changed to your tastes over time as you settle in.

This article originally appeared on OpenListings.

 

We’re almost at 600! Join Alex Deacon’s real estate networking workshop group today, and connect with nearly 600 other real estate professionals. You’ll also be the first to receive updates on Alex’s monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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#TaraMTG Tuesday! Most Popular Ways to Finance Home Improvements

DHREA 27/11/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

Saving for making improvements to your home is often the least expensive route, but it’s not always possible. Thankfully, you have other options for financing! Our business is in home loans, so you might already guess, that’s the option we recommend, but you don’t have to take our word for it.

Read about all your home improvement financing options –from traditional home improvement loans to peer-to-peer loans to cash out refinancing –and decide which is best for you!

Traditional Home Improvement Loans

These loans are financed by banks, credit unions, and a few online lenders. You’ll get a lump sum to pay for all the labor and materials for your home improvements, such as replacing your HVAC system or putting in a new pool.

Though the name implies that it’s a home loan, it’s not –at least not in the typical sense of the term. It doesn’t consider your home equity nor does it require your home as collateral.

A home improvement loan is unsecured so you can expect a higher rate than you would with a secured loan.

Personal Line of Credit

This loan is also an unsecured loan and is collateral-free. You can use the lump sum however you wish. You can upgrade your home and set some money aside for a vacation too. Or maybe pay down some debt. They are funded reasonably fast and don’t require any equity in your home either.

However, a word of caution: the repayment period is usually shorter. This means that your monthly payment will likely be high. If you cannot afford to make high monthly payments, a personal line of credit may not be for you.

Peer-to-Peer Loan

These loans are funded by a group of investors rather than a bank or the government (we’ll talk about government loans below). They go by different names, and you may have even received a flyer in the mail from these non-traditional lenders.

On the upside, these loans are also funded quickly, and you can use the money however you want. The downside, however, is that these loans have some of the highest interest rates out there.

Home Equity Loans

Home equity loans and home equity lines of credit (HELOCs) have longer repayment periods with lower interest rates than the above-mentioned loans. That means your monthly payments will be small and more of the payment will go toward the principle.

Another big bonus is that the interest is tax deductible!

The biggest risk to this loan comes with defaulting. If you’re unable to repay the loan, you put your home at risk for foreclosure.

A home equity loan lets you borrow a lump sum, while a HELOC acts more like a line of credit.

With a HELOC, you have a “draw period” during which you can withdraw money. During this time, you only have to repay interest so your initial monthly payments will be quite low. When that draw period ends, your payments will then also include the principle. A HELOC typically has a variable interest rate, so your monthly payment could still be low even after the draw period ends, but it may also increase significantly.

If you prefer a fixed rate, then you’ll want to look at interest rates of a home equity loan or ask about our fixed-rate HELOCs.

Cash-Out Refinance

A cash-out refinance replaces your current mortgage with a new one, but this time you’ll borrow extra money to finance your home improvements. Borrowing more money means it will take longer to pay off your home, however, your new home loan may have a lower rate than your current one.

This option often requires you to have about 20% equity as well as meeting all the typical requirement of a home loan such as employment and good credit score.

FHA Title I Property Improvement Loans

If your equity isn’t high enough for a cash-out refi, consider an FHA Title I loan. This government-funded loan is for specific home improvements such as energy conservation. They cannot be used for “luxury improvements” such as swimming pools or outdoor patios. This loan caps at $25,000 with a 20-year repayment period. These loans are not widely available, so you’ll want to contact us to see if you qualify.

Want to know precisely how low your payment can be to fund your home improvement? Contact Tara Mortgage Services today! Use their digital home loan application and upload your docs securely in between shopping for floor tile and a new kitchen countertop!

 

Join nearly 600 other real estate professionals in Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com! Click below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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UPDATE! 109 Crescent Hills Rd in Penn Hills is BACK ON THE MARKET!

DHREA 26/11/2018

This cozy home in Penn Hills has been nicely renovated and is ready for you to move right in! The unique architecture stands out in the quiet neighborhood of Crescent Hills. Upon entering to the right you are greeted with a freshly painted living room with fireplace and new hardwood floors. To the left is the updated eat-in kitchen with new cabinets and stainless steel appliances. In the back of the house is the door leading to enormous deck, perfect for a grill and fire pit to enjoy the upcoming Pittsburgh fall. Upstairs there are three bedrooms, including a large master bedroom and new full bathroom. 109 Crescent Hills is a gem waiting for the next family to call it home! Click here for full property details!

 

 

 

Join nearly 600 other real estate professionals in Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com! Click below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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Cyber Monday Sale! Alex Deacon and Ian Hoover’s Podcasts Now Available For FREE!

DHREA 26/11/2018

 

Admittedly, we went straight for a clickbait headline. Guilty as charged. Real Estate Investing w/ Alex Deacon and Ian Hoover’s Realtor Nation is ALWAYS FREE! Search for their shows on Apple Podcasts, Google Play Podcasts, or your favorite podcasting hosting networks!

You may now return to your regularly scheduled Cyber Monday shopping, and now you have a soundtrack to listen to!

 

 

 

 

 

We’re almost at 600! Join Alex Deacon’s real estate networking workshop group today, and connect with nearly 600 other real estate professionals. You’ll also be the first to receive updates on Alex’s monthly workshops!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
589 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

 

Read More