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Monday, 13 September 2010
The signals are out there: home sales are picking up and prices are slowly stabilizing. However, recovery isn't obvious everywhere yet. Most markets are still seeing the cheapest homes selling fastest, while mid-range homes are taking longer, and upper-end properties are languishing.
Whether buying or selling, your best strategy in this dynamic marketplace depends on which tier your property sits. This column will begin by offering advice for that bottom tier of the most affordable homes. My next column will discuss the mid-range market, and then finally we'll get around to those most expensive properties at the top.
Most of the two million recent foreclosures have made up the bulk of the least expensive homes on the market. Bargain prices and a federal tax credit have lured investors and first-time buyers into the fray, increasing sales of under $100,000 homes by 9% over the last year. If you're in this price range you should act quickly and submit your offer with due haste. If your offer isn't accepted, keep checking back, because deals can fall through.
While it's hard to compete against foreclosures in the pricing category, they're usually in dire need of repairs. Sellers can increase their odds of success by offering their home in "model condition" and at an aggressive price. Whether you're a buyer or a seller, watch this space for more advice on making your sale or purchase work.
Friday, 10 September 2010
Recent Piqua Area Real Estate Sales
The local Multiple Listing Service lists these Piqua area homes as sold with real estate agents.
315 Riverside, Piqua, 3 bed, 1 bath, original list price $65,000, list price at sale $52,000, sale price $42,000, 86 days on market
1522 Sweetbriar, Piqua 4 bed, 2 bath, list price $95,000, sale price $95,000, 30 days on market
1515 Stockham, Piqua, 3 bed, 2 bath, list price $134,500, sale price $123,000, 170 days on market
511 S Downing, Piqua, 3 bed, 1 bath, list price $33,900, sale price $33,900, 65 days on market
824 Covington, Piqua, 3 bed, 1 bath, list price $59,900, sale price $59,000, 1 day on market
9 Eagles Way, Piqua, 4 bed, 2.5 bath, list price $220,000, sale price $212,000, 105 days on market
800 Broadway, Piqua, 3 bed, 2 bath, list price $104,500, sale price $95,000, 52 days on market
517 Electric, Piqua, 2 bed, 1 bath, list price $17,000, sale price $15,025, 17 days on market
2140 Suber, Piqua, 2 bed, 1 bath, list price $17,000, sale price $17,561, 10 days on market
Keep in mind that the seller may have paid for the buyer's closing costs which reflect in the sales price. For more information on these Piqua area homes or any homes in Miami or Shelby Counties, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com
Tuesday, 07 September 2010
Selling your home in anything other than an active market can seem challenging, but what do you do when yours is only one of many homes in your neighborhood with For Sale signs? Surprising, there are actually some advantages to marketing your home in this situation.
More buyers are drawn to neighborhoods where they can preview more homes at once. More buyers means more opportunities for your home to be seen and to attract an offer, so make your listing stand out against your competition.
Price your home aggressively after reviewing the comparable sales figures provided by your real estate representative. Don't give your neighbors the advantage of looking like a bargain compared to your listing - take it yourself and show buyers what a great value you're offering. If you're competing against foreclosure listings, having your home in "move in" condition helps, because foreclosures usually need lots of repair.
With this much activity in the neighborhood, make sure that your home is available for showings on literally a moment's notice. Buyers who come to look at other listings may spot yours and want to see it right away to make comparisons. Be prepared for "impulse" prospects with good housekeeping and an escape plan for unexpected showings.
Finally, don't worry if your neighbor's home sells first - that just makes for less competition in your market!
Thursday, 02 September 2010
Real Estate For Sale In Piqua Area
Homes for sale in Piqua, Ohio
10690 Fairview, Piqua, 3 bed, 1.5 bath $95,000
1823 Britton, Piqua, 3 bed, 2 bath, $125,000
5190 Troy Sidney, Piqua, 3 bed, 2 bath, $95,000
9017 Troy Sidney, Piqua, 3 bed, 1 bath, $125,000
1418 Garfield, Piqua, 2 bed, 1 bath, $43,000
526 Riverside, Piqua, 2 bed, 1 bath, $50,000
8515 Alcony Conover, Conover, 8 bed, 3 bath, $179,600
430 Brentwood, Piqua, 3 bed, 1.5 bath, $97,000
3604 St Rt 66, Houston, 2 bed 1 bath, $50,000
For more information on these homes or any homes in Miami & Shelby counties, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com
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