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Charles Dobish - Please take a moment to vote for me: http://www.choicehomewarranty.com/blog/15-best-real-estate-agents-pittsburgh-pa/

The 15 Best Real Estate Agents in Pittsburgh, PA www.choicehomewarranty.com

Pittsburgh has a unique way of offering the big city experience while providing that small town love, making it a fantastic place to live. Whether you’re h

1 week ago

Charles Dobish - Great New Listing in Chippewa Twp! Courtesy of RE/MAX Select Realtyhttp://www.112MaplevueDrive.utour.me

112 Maplevue Drive, Beaver Falls, PA www.112maplevuedrive.utour.me

This 3 bedroom Split-Entry home in Glenwood Estates features a large living room w/ vaulted ceiling & great natural light, a spacious formal dining room w/ trey ceilings & crown molding, an open kitchen area w/ breakfast nook & double door pantry that leads to a beautiful rear deck w/ a view of the…

5 months ago

Charles Dobish - Great New Commercial listing courtesy of RE/MAX Select Realty ! http://www.406constitutionblvd.utour.me/

406 Constitution Blvd., New Brighton, PA www.406constitutionblvd.utour.me

The office features Brazilian hard wood floors, custom fireplace, 2 private offices, 21x12 conference room, 27x22 bullpen area w/ cubicles, 26x22 reception/welcoming area, 25x12 entry way, a new kitchenette, 3 new powder rooms & full basement for storage. The warehouse has 14' ceiling, front & rear…

5 months ago

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The Ugly Truth About Foreclosures

April 13th, 2014 by Charles Dobish

Real Estate is no different than any other walk of life where if something looks too good to be true, odds are it probably is.  Everyone wants a deal, so searches for foreclosed properties are extremely popular but do you know what you’re getting in to?  Sure, the sales prices make foreclosures attractive to buyers but there are also additional hurdles to jump through such as: acquiring all municipal requirements, dye test certification & additional responsibility of the repairs that come with it, ordering & paying for HOA Resale packets, all for a property that is being sold AS-IS.

Without deep pockets, the know how to make repairs (or having someone you know willing to do the work inexpensively), these homes are not for the average or first time home buyer.  With the vast majority of foreclosures having issues with the roof, mold, peeling paint, no appliances, not to mention the buyers inability to have utilities turned on to test the furnace/AC unit, the costs to make the home move-in ready can add up quick.  FHA financing (the most popular style of mortgage for young first time home buyers due to the low 3.5% down payment requirement & allowance for up to 6% in seller assistance) is MUCH more difficult to acquire on these properties because of the safety checklist that comes along with it, leaving buyers with cash offers or conventional mortgages as their only option.

There are diamonds in the rough out there, but buyers need to do their homework on the property & be realistic about their financial position to make the best possible decision!