Both neighborhoods are always strong, always desirable because of their proximity to Universities and Hospitals. Even if you tried to sell in a slow market, you would, without question, be able to rent. It could be a smart, long term investment for you beyond the 3-4 years you're projecting you'll live there.... more
All Commercial properties are not listed in the multi-list system like residential properties. Some agents will list them, but it's probably only about 30-40% of what is truly out there. The best thing to do is contact a great agent who knows all of the players and knows all of the properties that are out there.
Our #1 Commercial agent is Jay Phoebe and his phone number is 412-471-3311. If you would like me to have him call you, I'd be happy to, or you can call him at that number M-F 9-5... more
The most famous saying in Real Estate is "It Depends". If a home is priced right the the chances it will move quickly are good. It takes a very good buyers agent who can help you pinpoint what you are looking for quickly and who understands the area that you are looking in. If you are concerned about something moving quickly, ask your agent to set up a search for you matching your criteria in the Multilist System, and have them notify you as soon as something is listed. That way, you will be sure not to miss a good opportunity!... more
My recommendation would be to buy & hold (not flip) at this time. This will allow some time for the inflated the number of months worth of housing inventory to come down thereby reducing competiton for your sale at some future date. In the meantime, why not have someone else making the mortgage payement and add to your equity and net worth? I believe that every good long-term real estate investment strategy should include a portion of rental properties to build exponential wealth. Speak with an experienced & trusted Realtor in your local market to find out more about conditions in your specific market as well as to determine which neighborhood areas hold the most promise for growth and return. Best of luck - Ted... more