Recent Piqua Real Estate Sales

The local Multiple Listing Service reports the Piqua Homes Sold with real estate agents.

1300 Arrowhead, 3 bed, 2 bath, 1516 sq ft, 2 car garage, built 2005, list price $174,900, sale price $171,000, 771 days on market

1000 Christina, 3 bed, 2 bath, 1762 sq ft, 2 car garage, built 2007, list price $199,900, sale price $196,900, 116 days on market

1200 Clark, 3 bed, 1 bath, 864 sq ft, 1 car garage, built 1961, list price $69,900, sale price $64,000, 150 days on market

9935 Sawgrass, 4 bed, 2 bath, 1737 sq ft, 2 car garage, built 2002, original list price $154,900, list price at sale $145,000, sale price $137,000, 253 days on market

339 Wood, 4 bed, 2.5 bath, 1524 sq ft, list price $69,900, sale price $60,000, 93 days on market

1613 Dover, 3 bed, 1 bath, 1227 sq ft, built 1976, 2 car garage, original list price $89,900, list price at sale $84,900, sale price $84,900, 52 days on market

Keep in mind that the seller may have paid for the buyer's closing costs and/or down payment which reflect in the sales price. For more information on these homes, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com

How would you feel if you owned two homes, with two sets of monthly mortgage payments, two sets of taxes, utilities, and insurance, and the responsibility for maintenance on both?

When you're ready to buy your next home, it could happen. Let's take a look at why. More often than not, buyers begin looking at prospective new homes before they have sold their existing home. When they find a home that suits their needs, a potentially painful dilemma may arise. How do they make a commitment to purchase the second home when they have not yet sold the first one?

One common solution is to sign an agreement to purchase the second home that is made contingent upon the sale of their existing home. In other words, if the first home doesn't sell, the buyers will not be able to purchase the second home.

This buyer might also get bumped out of the way by a buyer who does not have a home to sell or has already found a buyer for their home. The first buyer is usually given 24, 48, or 72 hours to remove their contingency on the sale of their home after being notified that the seller has accepted an offer from a "non-contingent" buyer.

You can make the most of this situation by remembering one very important rule: work exclusively with the same real estate professional on both homes. Here's why. When you decide on the new home you plan to buy, your agent will help structure the purchase contract, taking into account your existing home.

By letting the same agent market your present home, both the purchase and the sale can be coordinated to your benefit by lining up the closing and possession dates. They can keep you advised about the progress along the way. It will avoid miscommunications and result in a smooth transaction.

Facts, Not Fantasy About The Piqua Real Estate Market

Confused about setting an asking price for your home? It's not surprising, considering the mixed signals you might be receiving about the "national" real estate market. First understand that there is no such thing as a national market - only thousands of individual markets experiencing different conditions.

If you don't have detailed information about Piqua home sales, it's just about impossible to determine your home's value to buyers. Even prices from last year may not be applicable, so it's critical to have access to real-time information about trends in the Piqua Real Estate Market.

Details should include the total number of properties currently for sale, the number of both pending and sold units, the days on the market before the property sold, and the listing and sales price. You must compare pending sales and final sales, because the pending transactions really reveal where the market is currently heading.

Start your pricing decision by contacting a Piqua Real Estate professional, who has access to this information and the experience to interpret the facts. Your representative will not set the listing price for you - that's your final decision. But don't be surprised if the agent walks away from a seller requesting an overly optimistic asking price, because the agent can't afford to invest time, money and energy in an over priced listing, and neither can you as the seller.

Piqua Real Estate Market Phases & Foreclosures

You're undoubtedly hearing reports in the media about the increasing numbers of mortgage defaults. A frenzy of financing in the last few years allowed many buyers to secure loans that were downright inappropriate for them, and now we're experiencing the fall out. The Adjustable Rate Mortgages or ARMs were extremely low and the buyers could easily afford the payments. These ARMs have adjusted up and now the buyers find their budgets stretched beyond their limits. Any homeowner who is facing the possibility of being unable to make their mortgage payment, should contact me TODAY! If we want to have the possibility of negotiating a short sale with the lender, we need to get started immediately. If you wait until you've already missed two or three payments, the bank may foreclose before we can negotiate a short sale.

If you're planning to sell or buy a home in the near future, what effect might the number of foreclosures have on your plans? Either way, banks and lenders are beginning to formulate loans more carefully, which can affect both buyers and sellers in the Piqua Real Estate Market.

Buyers can certainly expect a tightening of credit. It will be more difficult to secure a mortgage if you have less-than-perfect credit. You'll need to anticipate slightly higher interest rates and/or a larger down payment to offset the perceived risk on the lender's part.

When buyers have more difficulty obtaining loans, sellers can feel the effects as well. That's because there may be fewer buyers out there, and they might be spending less because of the less favorable mortgage terms for which they qualify. That boils down to the possibility of fewer offers on the best homes.

However, there is always light at the end of the tunnel in every market. The Piqua Real Estate market, like the economy, always goes through phases, and always regains its footing. A home is more than a commodity - it's shelter and security, and always a solid investment.

There's a big difference between listing a home and selling a home on the Piqua Real Estate Market. Nowhere is this more evident than on the Internet, which has evolved into an excellent advertising medium. The World Wide Web can play a large role in exposing your home to a wide world of potential buyers.

Many buyers begin their search online 6 months to a year before they actually purchase a home. They do this to educate themselves about neighborhoods and to locate homes in their price range. While the listing exposes your home, it does not sell your home. Once buyers have targeted some attractive possibilities, they still turn to a Piqua real estate agent to represent their best interests as they plan their purchase.

Talk in detail with your representative about your home's online presence, and get some ideas from current offerings on the agent's website. You can ask to preview your online listing, and request that your agent offer a "virtual tour" of your property. More and more buyers are taking advantage of this powerful marketing tool. You can also take full advantage by presenting your home in warm and bright full color photos and video.

Your agent should have the tools and skills necessary to put your home in the spotlight with a "featured film." If you have some special pictures of your flower garden in full bloom, spring flowering trees, or fun filled times in your pool, you might want to furnish these to your agent to be included on their web site. Sometimes these pictures showing special times at your home can be just the thing that will catch your buyer's eye. They'll put themselves in the picture and make you an offer.

What's Your Unique Selling Proposition On The Piqua Real Estate Market?

Ask any marketing expert how to sell a product, and you'll likely to be asked to explain its "Unique Selling Proposition." That's a fancy marketing term for "Tell me what makes your product different than every other one on the shelf."

When selling your home you'll have plenty of competition on the Piqua Real Estate Market. There may even be one or two homes right on your street for sale. So what will make your home stand out in the mind of prospective purchasers? What is you "Unique Selling Proposition?"

Here's just one excellent reason for being represented by a leading real estate professional. Choose an agent with the desire, experience and education to identify what makes your home unique. Once determined, your agent will also know how to create a marketing plan specifically designed to sell your home.

For example, your home's Unique Selling Proposition might be a spacious yet private "mother-in-law" suite. It could have a unique workshop area, specially wired for high power tools, or an in-home office area with built in desk and cabinets. You may be on a low traffic cul-de-sac. It may be your home's very large or very small lot that the buyers will love. You may be willing to offer uniquely attractive selling terms such as possession at closing, or a below market price.

What makes your home special to interested buyers? Ask your agent to explain the marketing process to you. Then, let your home attract qualified buyers competing to own it.

Recent Piqua Real Estate Sales

The local Multiple Listing Service reports these Piqua Homes sold with real estate agents.

2213 Navajo Trail, 3 bed, 2 bath, 1488 sq ft, 2 car garage, built 205, list price $124,900, sale price $121,000, 74 days on market

321 Gordon, 2 bed, 1 bath, 984 sq ft, 1 car garage, list price $62,900, sale price $58,900, 29 days on market

1200 Nicklin, 3 bed, 2 bath, 1855 sq ft, 1 car garage, built 1914, original list price $138,000, list price at sale $ 134,900, sale price $129,000, 184 days on market

Keep in mind that the seller may have paid for the buyer's closing cost and/or downpayment which reflect in the sales price. For more information on these homes or any homes on the market in Miami or Shelby counties, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com

Recent Piqua Real Estate Sales

The local Multiple Listing Service reports these Piqua Homes Sold with real estate agents.

209 Garnsey, 3 bed, 1 bath, 1038 sq ft, 1 car garage, original list price $71,900, list price when sold $60,000, sale price $61,500, 358 days on market

748 Vine, 3 bed, 2 bath, 1213 sq ft, 2 car garage, built 1954, list price $85,500, sale price $84,350, 31 days on market

1109 Nicklin, 4 bed, 1 bath, 1531 sq ft, 2 car garage, original list price $114,900, list price when sold $109,900, sale price $103,500, 207 days on market

100 Janet, 3 bed, 1 bath, 1200 sq ft, 1 car garage, built 1965, original list price $134,500, list price when sold $127,500, sale price $131,000

Keep in mind that the seller may have paid for the buyer's closing costs and/or down payment which reflect in the sales price. For more information on these homes, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com