Ohio Real Estate Blog

Monday, 23 May 2011

When you tell friends and family you're going to buy or sell a home, and they ask, "Why are you working through a real estate agent when you can just use the Internet," how will you respond? Your first answer should be to have a professional handle all the paperwork - disclosure forms, inspection reports, deeds and titles, settlement statements... they'll get the picture.

You could describe your representative's knowledge about the area - they know the property values! You want to know that the neighborhood matches your needs and that homes there hold their value.

Tell them there's more to marketing than websites, and that your agent will more likely find a buyer instead through their relationships with other agents and past and current clients. Not to mention the fact that you don't want complete strangers visiting your home, and you're more comfortable knowing that your representative had screened and qualified all potential visitors to your home.

And once you're on either side of an offer, you trust a professional's ability and their experience to help you negotiate successfully when it comes to terms like price, financing, inspections and repairs, and other contractual commitments in the transaction that is probably the largest investment you'll make.

Your final argument might be that most people may buy or sell a handful of homes in their lifetime, but your agent has been successful hundreds of time, on both sides of transaction. Case closed!

Posted by: Kathy Henne AT 03:21 pm | Permalink | Email

Friday, 13 May 2011

Recent Piqua Ohio Real Estate sales 5/1 - 5/31/11

Recent Piqua area Real Estate Sales

The local Multiple Listing Service lists these Piqua area homes as sold with real estate agents.

809 Clark, Piqua, 3 bed, 1 bath, list price $17,900, sale price $15,900, 47 days on market

1545 Wedgewood, Piqua, 4 bed, 3 bath, list price $290,000, sale price $290,000, 51 days on market

325 Riverside, Piqua, 4 bed, 2 bath, original list price $176,900, list price at sale $114,900, sale price $88,000, 1061 days on market

1147 Fisher, Piqua, 3 bed, 1 bath, list price $81,900, sale price $78,000, 13 days on market

507 Parkway, Piqua, 3 bed, 2 bath, original list price $99,000, list price at sale $89,900, sale price $81,500, 75 days on market

1804 Britton, Piqua, 3 bed, 1 bath, original list price $101,900, list price at sale $79,900, sale price $77,000, 107 days on market

535 Park, Piqua, 4 bed, 2 bath, original list price $84,900, list price at sale $79,900, sale price $73,000, 307 days on market

1534 South, Piqua, 3 bed, 1 bath, list price $58,000, sale price $54,000, sale price $54,000, 21 days on market

2934 Delaware, Piqua, 3 bed, 2 bath, original list price $123,900, list price at sale $114,999, sale price $106,000, 541 days on market

1630 Haverhill, Piqua, 4 bed, 2 bath, original list price $73,900, list price at sale $51,000, sale price $41,475, 135 days on market

906 Candlewood, Piqua, 3 bed, 2 bath, original list price $87,900, list price at sale $62,500, sale price $67,000, 160 days on market

427 E Greene, Piqua, 4 bed, 2 bath, original list price $53,900, list price at sale $45,000, sale price $48,000, 201 days on market

2 Marymont, Piqua, 3 bed, 2 bath, original list price $189,000, list price at sale $179,900, sale price $159,000, 202 days on market

520 Ash, Piqua, 4 bed, 1 bath, list price $45,349, sale price $41,500, 2 days on market

524 College, Piqua, 3 bed, 1 bath, list price $82,500, sale price $82,500, 71 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, contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com

Posted by: Kathy Henne AT 12:25 pm | Permalink | 0 Comments | Email

Friday, 13 May 2011

New Listings Of Homes For Sale In Piqua, Ohio

Real Estate For Sale In Piqua Area

Homes for sale in Piqua, Ohio

726 Moody, Bradford, 3 bed, 1 bath, $45,000

929 Caldwell, Piqua, 3 bed, 2 bath, $55,000

1516 Fairfax, Piqua, 3 bed, 1 bath, $50,000

436 E Ash, Piqua, 3 bed, 2 bath, $79,000

539 Boone, Piqua, 3 bed, 2 bath, $35,000

814 North, Piqua, 2 bed, 1 bath, $35,000

100 Janet, Piqua, 3 bed, 1 bath & 114,000

521 Vine, Piqua, 2 bed, 1 bath $47,000

1819 Park, Piqua, 3 bed, 2 bath, $110,000

620 Wood, Piqua, 3 bed, 2 bath, $59,900

For more information on these homes or any homes in Miami or Shelby Counties, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com

Posted by: Kathy Henne AT 12:20 pm | Permalink | 0 Comments | Email

Wednesday, 04 May 2011

A Pricing Puzzle

If you need to sell your home, but it has lost some of it's value since you first bought it, you're facing a pricing puzzle. But when deciding on a fair market price that may be below what you really want, consider the costs of not selling by asking for more money than the market will bear and sitting on the market for months on end.

If your home sits on the market, waiting for a higher offer, you've got to figure in the costs of continuing your monthly mortgage payments, taxes, utilities, maintenance and insurance.

Compare the asking prices of similar homes to the actual sales prices, which are often determined more by the lenders than the buyers. If you're asking more than your home's current value, the required appraisal will show that fact, and the lender won't approve the buyer's loan, leaving you back at Square One.

Walk in the buyer's shoes and do your homework. Go ahead and tour similar homes listed in your area. Compare their price and see how your home stacks up against the competition in terms of value and price. This should help your arrive at an aggressive asking price that will hopefully be close to your sales price.

Local inventory determines your price, too. Divide the number of homes currently on the market by the number of homes that sold in the previous month to determine the local "absorption rate". 8 months of inventory yields a 12.5% likelihood of selling, so speak with your agent and price accordingly.

Posted by: Kathy Henne AT 08:04 am | Permalink | Email