We are happy to announce we have been named the Official REALTOR® of the Pittsburgh Penguins®. This exciting partnership with the Pittsburgh Penguins® includes brand integration throughout PPG Paints Arena and the UPMC Lemieux Sports Complex, broadcast and online inclusion, and the launch of the “Hockey Mom of the Year” contest. Find out more in the full press release.
Northwood Realty Blog
Adding the latest outdoor trends to help sell your home is ideal, but if you’re short on time, you need to prioritize! Fortunately, many simple projects focusing on your home’s exterior can be accomplished quickly, and without a substantial investment. Check out these easy outdoor quick fixes. They can help boost your curb appeal to result in a faster sale and higher ‘sold price.’
More than ever, today’s consumers are seeking “one-stop shopping” for their real estate needs, according to a 2015 National Association of Realtors (NAR) study. In fact, 50 percent of recent buyers said they used one source for home-buying services, compared to 29 percent in 2008. Many brokers are now starting to bundle services in response to this demand.
At Northwood, we’ve always believed in the benefits of offering all the real estate services you need under one roof. That’s why over the past 60 years, we’ve built a comprehensive team of proven, trusted partners. We can provide you with financing, insurance, settlement services and home warranties through our Northwood Family of Services.
Our agents and partner companies work together all the time, so you can benefit from experts who know how coordinate services every step along the way. According to a NAR study, 74 percent of consumers believe that using the one-stop shopping approach “makes the home-buying process more efficient and manageable.” Both our agents and our customers agree that working with our partners saves time, energy, and often can reduce costs. With Northwood, you always have the flexibility of employing any one, or all of our partners, depending on your unique situation.
"When I used Northwood to buy and sell a home, I was surprised by how smoothly everything went. After 30 years, I was ready to have someone else mow the grass. When I found the perfect townhouse, my agent was excellent. Despite multiple offers, mine was the one that was accepted! Then, from timing to pricing, to making it look its best to potential buyers, she guided me through the selling process. Her knowledge and experience paid off – my old house sold the very first day! I even used Northwood’s affiliated mortgage and settlement companies, which were great. I felt that everyone was on the same page and that I had my own ‘team’ behind me every step of the way."
~ Kristine A., Northwood Customer
Meet the businesses and partners that comprise our Northwood Family of Services:
West Penn Financial (Pennsylvania) and People First (Ohio) provide the expertise to help you obtain the best mortgage loan possible for your individual needs. These teams deliver personalized attention to help you navigate through the mortgage process.
Through insurance services provided by Everest Insurance, Northwood makes homeowner’s insurance available to homebuyers, plus auto and life coverage as needed.
Northwood Home Warranty services, provided through 2-10 Home Buyers Warranty, provides extra protection for a home’s major systems and appliances.
Closing represents the moment when seller-to-buyer agreements come together. The team at Everest Settlement ensures that the process of transferring property is handled smoothly and professionally.
Plan on a strong year for the local real estate market in Western Pennsylvania, even though the first quarter was slightly slow. At Northwood Realty Services, we are constantly assessing conditions that indicate what we can expect to happen in the market. In April, I provided an analysis of the first quarter and took a look ahead for the rest of 2016. Here are highlights:
- While real estate sales in Western PA were down slightly in the first quarter 2016 over last year, we believe mortgage rates will continue to stay relatively low. We see that as a positive factor for the rest of the year.
- We estimate two .25% rate increases by the Federal Reserve this year, most likely coming in June and late fall. Slight rate increases often motivate people to buy more quickly, as they don’t want to lose an opportunity for a good rate.
- We also see indicators of positive wage growth, which is a huge component of real estate sales. Combining higher wages with a reduction in gas prices means people have more income to spend on housing.
- Home prices in the market continue to remain stable and are very affordable, based on ratio of price to local income.
- Higher priced homes saw a decline in sales during the first quarter of 2016, but we expect more demand in the luxury home market by the second quarter.
- Given all these factors, we project that the region’s overall home sales will be up about 5% over last year in the second quarter.
Read the full press release here.
Want to stay up to date on the value of your home, transactions in your neighborhood, and overall real estate trends in your area? Now you can with ePropertyWatch – a new FREE service available on www.northwood.com. You can monitor your home's changing value and all that’s happening in real estate around you – at no cost.
Neighborhood changes can affect your family. ePropertyWatch will tell you about new neighbors, foreclosures in your neighborhood, the number of homes for sale, pricing and mortgage trends in your zip code. See detailed maps and lists of nearby sales and foreclosures. Learn how your home value is calculated.
Just select your own home or multiple homes – anywhere – that may interest you. Then choose to receive a customized report every two or four weeks, or log in anytime to get immediate updates. Sign up for ePropertyWatch and in minutes you’ll have the inside track on what’s happening in your neighborhood.