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Greater Pittsburgh Area Real Estate Blog

What to Do When You’ve Outgrown Your Home

Key Points:

  • Has this year made you realize you need more space as you spend more time at home?
  • Currently, real estate is in high demand, as there are a staggering number of buyers and a limited supply of homes available.
  • Want to find your dream home today? Reach out to the Jim Dolanch team so we can knock it out of the park and find the perfect place for you to call home!

Searching for a Home Base with More Space?

The previous year has shown us all the importance of having a house that feels like a home. As a result, many people have found that their needs have evolved over time and their current living situation no longer fulfills what they need.

Find your home base

A home sits on a well-manicured lawn.

People transitioned from sharing weekend stories by the water cooler to filling their coworkers in on their adventures over Zoom calls from their living room. Garages became home gyms and indoor soirees became outdoor cookouts where guests could socially distance themselves outside. Maybe you have felt that your current home no longer serves your needs and that you are yearning for more space. If this sounds like you, you are not alone. Thousands of people have turned to Realtors to find their dream home with enough space for even the dog to have their own room. Space is an asset these days, and the Jim Dolanch team can help you find it! 

Don’t strike out searching for a home

A woman on the phone looks at her laptop while searching for a home.

While more people continue to realize that they need more space as their time at home increases during quarantine, demand for houses has skyrocketed as well. This is great news for sellers, as we have seen homes increasingly appreciate at a rate of 7.3% from year to year. The higher the appreciation of the home, the more money the seller can acquire from its sale.

Additionally, to aid in this seller’s market, we are seeing a yearly 22% decrease in inventory. In other words, the price of individual homes is going up, while the number of homes available goes down.

Equity raises appreciation

A couple builds equity in their home by painting a room.

If you’re a homeowner who is looking to sell, now is a wonderful time to do so. The high demand for homes can lead to a buyer paying above the asking price instead of negotiating the price down (which is typical in a buyer’s market). It could also result in bidding wars over your home. Or better yet, a quick turnaround time for how long the home may be listed on the market.

In addition, all the equity that you’ve been building will most likely have risen as your home appreciates. And lucky for you, there are a large number of buyers who may have a wishlist that would make your home their dream house.

Let Us Be Part of Your Team!

As experts in the Pittsburgh real estate market, the Jim Dolanch team can aid you in navigating your way through the heavy stream of buyers in the market.

Reach out to the Jim Dolanch team today and we will help you list, sell, and find a new place to call home base!

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