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How Fast Will My Home Sell? – Absorption Rate How Fast Will My Home Sell? – Absorption Rate How Fast Will My Home Sell? – Absorption Rate How Fast Will My Home Sell? – Absorption Rate How Fast Will My Home Sell? – Absorption Rate How Fast Will My Home Sell? – Absorption Rate How Fast Will My Home Sell? – Absorption Rate

How Fast Will My Home Sell? – Absorption Rate

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How Fast Will My Home Sell? – Absorption Rate

January 2, 2016 by Bostedo Appraisal Services - the Pittsburgh Appraisers

Absorption RateEver wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority — the guys and gals everyone goes to when they have a complex question about real estate.

Well, allow me to introduce you to Absorption Rate. Before your mind wanders off into numbness, let me also tell you that this is one of the most practical metrics or measurements you can learn for your market or for you as a seller. Better than that, it will only take you a few minutes to learn it. It should be pointed out, although the manufacturing segment of the economy has been using this metric for decades, real estate, for the most part still doesn’t.

OK, so what is Absorption Rate? Simply put, (more…)

Pittsburgh Housing Trends

December 8, 2015 by Bostedo Appraisal Services - the Pittsburgh Appraisers

Pittsburgh 3 year housing trendOver the years Pittsburgh housing trends have been fairly steady. In fact, it has been sort of a running gag when someone asks how much their home has appreciated the ‘off the cuff’ answer was always about 3% per year. It has been like this for decades. In fact, this phenomenon was one reason that Pittsburgh survived the housing bubble due to Pittsburgh housing trends not being in a bubble.

This post and the graphic to the left depicts only (more…)

Beware! Upside Down Builders

October 27, 2015 by Bostedo Appraisal Services - the Pittsburgh Appraisers

 Beware! Upside Down Builders

upside down builders

I’m sure many of us have seen them and frankly, probably never gave it a second thought, the homes that were built upside down.

Well, upside down I guess is only a matter of opinion. You can call them just about anything, even contemporary will work. However, there is one thing you can’t get away from, why is there only 1 bedroom on the 1st floor and all the rest of the bedrooms are downstairs? (more…)

Pittsburgh Appraisers Coal Town Find!

September 15, 2015 by Bostedo Appraisal Services - the Pittsburgh Appraisers

Pittsburgh Appraisers Coal Town

As a Pittsburgh appraiser who services a 7 county region, when doing a Pittsburgh appraisal you run into many different things. Pittsburgh has such a rich coal mining history, in fact, so does all of southwestern Pennsylvania and West Virginia.

Over the years from the time when I was small, I was told about a bridge that spanned two hilltops where I use to live, and men use to push coal carts across. I was also told there (more…)

Pittsburgh Values: Single Family vs. Multi-Family

September 1, 2015 by Bostedo Appraisal Services - the Pittsburgh Appraisers

Over the past number of years, I had the opportunity to appraise many 2-4 family properties in the Pittsburgh and surrounding areas for pre-listing, divorce, estate and other reasons. The reasons behind the appraisals are not the story; the story is why, and how, there was such a reversal of fortunes so to speak in the overall value of both single family residential, and multi-family (2-4 unit) properties. At this spot in the blog, I must point out that this is not only an issue in Pittsburgh, but the entire southwestern Pennsylvania region. (more…)

CMA vs. Bank Appraisal

April 27, 2015 by Bostedo Appraisal Services - the Pittsburgh Appraisers

Much has changed in the Real Estate Industry since the financial crisis of 2008 & 2009. In this blog however, we will only discuss what has transpired with regard to how Banks want an appraisal prepared. This blog post will only go into some brief techniques that the Banks require within appraisal reports and I will stay away from any reasoning as to why. However, it is partly because of these requirements that values in many areas are not rising as quickly as some may want or think they should.

I will start by saying that, as an appraiser, (more…)

Absorption Rate – How Fast Will My Home Sell?

March 8, 2015 by Bostedo Appraisal Services - the Pittsburgh Appraisers

Ever wonder how an appraiser knows how long your home will take to sell? Being an expert in your market makes us at Bostedo Appraisal Services the authority — the guys and gals everyone goes to when they have a complex question about real estate.

Well, allow me to introduce you to Absorption Rate. Before your mind wanders off into numbness, let me also tell you that this is one of the most practical metrics or measurements you can learn (more…)

Data Flaw In Regional County Assessments

December 2, 2014 by Bostedo Appraisal Services - the Pittsburgh Appraisers

If you live in, or own a Split Level, or Split Entry/Bi-level style dwelling within Allegheny, Beaver, Butler, Fayette, Somerset, Washington or Westmoreland Counties, be forewarned.  Your property may be assessed at a higher value than the property should be due to a lack of uniformity. The lack of uniformity is what created the court ordered re-assessment process in Allegheny County and (more…)

How to Prepare For a Real Estate Appraisal

November 6, 2014 by Bostedo Appraisal Services - the Pittsburgh Appraisers

If you are like most and haven’t had an appraisal done on your home recently, one of the first things that may come to your mind is, “What do I need to do to get ready for the appraiser?”  Here are some things you may want to consider prior to the appraiser coming to your home. (more…)

How To Build Home Equity FAST!

October 21, 2014 by Bostedo Appraisal Services - the Pittsburgh Appraisers

One of the best ways to increase the market value of a home is to make structural improvements or add features such as a deck or an extra room. I do want to emphasize if your plan is to enlarge your home, there are some things you may want to consider in your planning. Make sure to read the (more…)

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