| Ohio Real Estate Blog |
Monday, 30 April 2012
Have you ever noticed clothing sales that advertise "seconds" at greatly reduced prices? The "second" quality merchandise may exhibit flaws like uneven seams and pulled stitches, and capitalizes on the slightly lower quality in exchange for a lower price.
Much like those "mark downs," a home being offered for sale with obvious flaws also invites a lower price. Home buyers, like other savvy shopper, quickly become aware of needed repairs, and then begin scrutinizing the home for other defects.
If you plan to sell your home and expect to receive a good price, be certain that all needed repairs are completed before the "For Sale" sign appears out in front. If you don't, expect to receive about $2 less for each $1 in needed repairs.
Protect your investment by asking your experienced agent for advice. They will walk through your home as a buyer would, making notes of all apparent defects that attract attention. This could range from a cracked windowpane to carpet in need of replacement. No matter what the flaw may be, if it attracts attention, it also becomes a point on which the buyer may want to negotiate a lower sales price.
Your real estate agent can guide you further by providing marketing tips to make your home more attractive to buyers. Remember that by offering a "first quality" home, you may expect to receive the best price possible in this market.
Thursday, 26 April 2012
When homes need some fix-up and repairs to prepare them for buyers, but when should they be done? Should showings be delayed until the house is in "model-home" condition?
For the answers, consider a scenario of a department store during renovations that puts up "Excuse Our Dust" sings. Which would impress you most: 1) shopping at a store that promise to look better in the future, 2) shopping at one in the midst of actually improving their looks, or 3) waiting to shop until the store reopens, brightly illuminated with spacious aisles, and decorated to get your attention?
Can you see the difference? Most buyers want to purchase a home matching their mental picture of their dream homes -now. Real estate agents want to show homes that will please their buyers - now.
Once you've decided to sell your home, get sound advice from your real estate professional about needed repairs. Prepare a written list, and complete every item before the "For Sale" sign goes up.
Now you can showcase your home to buyers, and have your agent to take pictures of your beautiful home. The buyers will see only the positives, and you will benefit from a quicker sale best the best possible price.
However, keep in mind that every day your home is not on the market, you are invisible to those buyers. So, get your repairs completed as quickly as possible!
Wednesday, 18 April 2012
Both homeowners and real estate agents are best served when a home sells quickly for a good price. There are many steps both parties can take to achieve that goal, and a recent trend is proving its value" whether the local market is hot or cool, statistics reveal that a "staged" home will sell faster and for a higher price.
This service is called staging because it's basically about "theater." A professional assesses your home's strongest and weakest features, and creates a series of "scenes" to appeal to your "audience" of buyers.
There are four major areas of concern: cleanliness, openness, color and compromise. Cleaning your home seems obvious, but we're taking about the White Glove treatment here - on every surface. Openness means a decided lack of clutter as well as arranging or removing furnishings to impart a sense of space.
The colors in your home and on its walls also convey this idea. Dark colors make a room seem smaller and light colors make it seem bigger. You get the idea.
But what about that "compromise" part? It simply means that we all understand that lack of time or budget makes it necessary to focus on those improvements that will have the biggest impact, and not sweat every little detail. Ask your experienced real estate agent for guidance and trust their instincts.
Tuesday, 10 April 2012
There is a special mindset associated with"staging" your home to sell in a soft market.
Staging refers simply to the act of improving your home's appearance in order to appeal to the widest segment of potential buyers. The approach you must adopt is to see your home with an objective eye.
Stop looking at your home as your "home'" and start visualizing it as a the "product" it becomes when it enters the market. Either an experienced real estate professional or home stager can help to market your product successfully by highlighting positive features and downplaying less attractive aspects.
Since you may have a strong emotional attachment to your home, you may not fully appreciate hearing about a better way to show your offering, but try to recognize that the way you decorate to SELL may be quite different from the way you decorate to dwell in your home. The appearance of space often trumps its functionality when impressing buyers.
Your goal is to sell quickly at a fair price. A survey by a large national real estate brokerage showed that staged homes sell in half the time, and another survey of REALTORS showed that a $500 "staging" improvement recouped 343% of that cost. So be prepared to swallow a little pride, move some furniture, and field better offers on the road to your successful sale.
Tuesday, 03 April 2012
The local Multiple Listing Service lists these Piqua area homes as sold with real estate agents.
1955 Springwood, Piqua, list price $99,500, sale price $103,000, 104 days on market
314 Pinewood, Piqua, list price $50,000, sale price 45,300, 15 days on market
646 Greene, Piqua, list price $59,900, sale price $56,000, 39 days on market
616 S Main, Piqua, original list price $97,500, list price at sale $70,900, sale price $70,900, 471 days on market
826 Broadway, Piqua, list price $89,500, sale price $85,500, 104 days on market
710 Wilson, Piqua, list price $45,900, sale price $45,000, 150 days on market
3070 Ziegler, Piqua, list price $ 119,900, sale price $90,000, 262 days on market
1017 Laura, Piqua, list price $125,000, sale price $120,000, 90 days on market
413 Bear Run, Piqua, list price $127,500, sale price $125,000, 93 days on market
305 Westview, Piqua, list price $112,000, sale price $105,000, 160 days on market
2112 Wilshire, Piqua, list price $125,000, sale price $115,000, 109 days on market
1112 Washington, Piqua, list price $30,000, sale price $35,000, 7 days on market
1633 Nicklin, Piqua. list price $73,900, sale price $73,500, 53 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 homes or any homes in Miami or Shelby county, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com
Tuesday, 03 April 2012
Real Estate for sale in Piqua Area
Homes for sale in Piqua, Ohio
660 Garden Place, Troy, 3 bed, 2 bath, $147,500
2520 Piqua Troy, Troy, 3 bed, 1 bath, $140,000
727 W Greene, Piqua, 5 bed, 3 bath, $70,000
70 E Weymer, Piqua, 3 bed, 1 bath, $140,000
105 Maryville, Piqua, 2 bed, 1 bath, $65,000
24 lots in Farmington Meadows $15,000 to $20,000
806 Camp, Piqua, 3 bed, 1 bath, $87,000
1552 Edge, Piqua, 3 bed, 1 bath, $75,000
608 Bear Run, Piqua, 4 bed, 2.5 bath $184,900
908 Grant, Piqua, 2 bed, 1 bath, $50,000
5855 Troy Sidney, Piqua, 3 bed, 2 bath, $170,000
For more information on these homes or any homes in Miami or Shelby county, please contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com
Monday, 02 April 2012
Attracting buyers has become a competitive sport. Once you catch their attention with an attractive asking price, how do you encourage them to make an offer? Namely, assault their senses!
Since first impressions count, start at the front door with a fresh coat of paint and new hardware. Inside, paint the walls with neutral colors like golden beige's and sandy tans.
Make the buyer's eyes dance around the home with shiny new faucets, bright light fixtures, and attractive doorknobs and cabinet pulls. These details are like the jewelry that accessorize your home.
Strive to reduce your furnishings by 25% throughout the house, even if you have to pay for storage. This will convey a sense of open space as buyers size up the interior for their own belongings. Everybody wants bigger closets than they have in their present home!
Finally, during showings, you can subconsciously influence buyers through their noses. It may sound silly, but it's proven that a home smelling of freshly made bread or cookies generates more offers and a spotless kitchen increases that impact.
Conveying cleanliness and comfort throughout your home will make a lasting impression, so don't overlook the power of the senses.