As most residents know, Pittsburgh faced a steep population decline when the steel industry began shedding jobs nearly 40 years ago. That led to many local neighborhoods like Braddock, Homestead, and McKees Rocks falling into disrepair as houses were abandoned. For years, the cost of fixing these houses wasn’t justified based on decrease in property values citywide.
But Pittsburgh today looks very different than it did back then. While there is still a lot of blight in the city, property values have been climbing, causing many to relook at neighborhoods that were once forgotten. But many neighborhoods still contain houses that require significant work, and a lot of homeowners don’t have the resources to correct longstanding problems. That’s where professional real estate investors come in.
Professional real estate investors are familiar with the risks involved in buying properties that need a lot of work. They also often have access to capital that allows them to make significant repairs to properties that homeowners can’t always make on their own. There is a case to be made for these companies, as they take on significant risk to repair assets that would otherwise continue deteriorating. Oftentimes the investment they make in their own properties carries over into other property values in the neighborhood as well, creating a positive cycle of improvement.
This is exactly what McIntosh Management, LP does. We purchase houses in distressed areas throughout Allegheny County and invest in the future of both the property and the neighborhood that it’s in. By conducting our day-to-day business, homeowners in the area will continue to realize higher property values. Read on to learn more about how McIntosh Management, LP is helping homeowners in Pittsburgh while improving the communities nearby.
Significant Role in Property Values
Properties that have fallen into various states of disrepair, from overgrown lawns which are eyesores to abandoned homes that attract criminal activity, cause the price of nearby homes for sale to fall on the market. Professional real estate investors like McIntosh Management, LP quickly rehab properties, and either put them back on the market or rent them out to tenants. As a result, upgrading the property reduces crime statistics overall, providing the underlying benefit of making the community more desirable and boosting the nearest residents’ quality of life. This positive influence further increases neighboring property values as McIntosh Management, LP is helping homeowners in Pittsburgh while improving nearby communities.
Creating Jobs in Pittsburgh
As professional investors, we repair and restore homes working with a network built from the top professionals from every walk of industry associated with real estate. Starting with the initial meeting with a seller, we make the process quick and easy by handling everything in-house until the buyer moves in. From the appraiser to the notary and all other people involved, professional real estate investors like McIntosh Management, LP create opportunities. Higher employment numbers also increase property values for the residents in the area overall and is another way McIntosh Management, LP helps homeowners in Pittsburgh while improving the communities nearby.
We work with homeowners to agree on a fair offer for their home. We walk sellers step by step through our simple contract, explaining just how we reach our offer. Comps, a process of comparing the subject property to the nearest homes with like features and similar in size sold most recently, help real estate agents, investors like McIntosh Management, LP, and even professional appraisers determine a property’s current value. Understanding the influence that comparables have in completing the home appraisal, it just wouldn’t make any sense for professional real estate investors in Pittsburgh to make insultingly low-ball offers that would negatively impact their real estate investments. Because we pay fair prices, McIntosh Management, LP helps homeowners in Pittsburgh while improving the communities nearby.
We pay in cash and because we don’t have to jump through any hoops for a lender and our team includes every professional required for a real estate transaction from start to finish, we can work extremely fast. You won’t be paying any holding costs as your property listing lingers on the MLS. Inevitably, lingering listings lead to real estate agents advising you to lower your asking price. At the same time, your mortgage payments and all of the other bills associated with the property continue, and the clock ticks slowly as you wait for the right buyer to come along. McIntosh Management, LP buys houses fast and can quickly help homeowners in Pittsburgh while improving the communities nearby.
Your Best Interest
We sleep well at night knowing that McIntosh Management, LP is always fair and honest. When we meet with a homeowner, we take the time to listen to what is pushing the drive to sell the home, any problems the sellers may be facing, financial, personal, or with the property itself, and help solve their problems. If working with a traditional real estate agent is doable for you as a seller, we will tell you if that is a better option in your scenario. Our passion allows sellers to gain the most profit from the sale while working within their given circumstances, helping ensure Pittsburgh has a healthy real estate market.
We make it easy! Why not let our knowledge and experience at McIntosh Management, LP be your guide through selling or buying real estate in Pittsburgh? Our top priority at McIntosh Management, LP is helping homeowners in Pittsburgh while improving the communities nearby. At McIntosh Management, LP, we care for buyers and sellers as individuals because they are also our neighbors. Find out how we can help you solve your problems! At McIntosh Management, LP, we are more than happy to answer any questions about the process. Feel free to express any concerns you have, and we understand you may feel overwhelmed because this may be the largest financial decision you’ve made during your lifetime. Send us a message or call McIntosh Management, LP at 412-685-3001 today!