Have You Watered Your Foundation Lately?
September 23rd, 2008 categories: Fairfield, Ohio, Liberty Township, Ohio, Real Estate News
Homeowners beware!
This summer, while not as dry as last summer, is starting to cause foundation problems for some homeowners.
To keep your house from shifting/settling- take some time to “water the foundation” during the next few weeks.
Nothing complicated. If you are watering the your lawn aim the sprinkler to “water the foundation” at the same time.
Currently in the Cincinnati area we are experiencing lower than normal rainfall for this time of the year. As the ground dries out it pulls away from the poured foundation. Once the foundation has some space- it may shift- causing anything from minor foundation cracks and sticking doors….to major foundation issues and cracked basement floors.
Homeowners usually don’t notice the problem until water comes through the basement walls or floor and/or windows and doors cannot be opened or closed.
So the next time you water your grass- aim the water at your house and help stabilize your foundation.
If you still have questions or comments-call or email.
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Real Estate Curb Appeal
September 14th, 2008 categories: Fairfield, Ohio, Real Estate News
Every seller knows the importance of curb appeal in real estate!
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August Real Estate Sales for Fairfield and Fairfield Township
September 11th, 2008 categories: Fairfield, Ohio, Real Estate News, Real Estate Selling
|
Fairfield School District |
Single Family |
Average Price |
Days on Market |
Condos |
Average Price |
Days on Market |
| Actives |
331 |
$200,138 |
96 |
114 |
$95,257 |
106 |
| Pendings |
73 |
$185,486 |
58 |
25 |
$81,951 |
92 |
| Closed (01/01/08-08-31-08) |
346 |
$165,975 |
79 |
70 |
$ 87,562 |
101 |
Data from Greater Cincinnati Multiple Listing Service
Declining real estate closings does not signal the end of real estate for Fairfield and Fairfield Township.
41 single family homes and 15 condominiums closed in August, down from July but keeping pace with the slow down exhibited in both West Chester/Liberty Township/Beckett Ridge and the Mason markets.
Once again- “price it right” should be the only focus for today’s sellers.
If you need more detailed information about your subdivision or condo complex -call or email.
Related Articles: July Stats, August Stats for Mason, Ausgust Stats for West Chester/Liberty Township/Beckett Ridge
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Are You a Real Estate Godzilla?
August 28th, 2008 categories: Fairfield, Ohio, Real Estate News, Real Estate Selling, West Chester, Ohio
If you were going to buy a piece of real estate in West Chester, Fairfield or Cincinnati would you pay what the seller “thinks” it worth or fair value based on ”comps” of comparable properties?
Not sure -then you may be a real estate godzilla.
Today I am going to cover ”godzilla sellers”? Take a few moments to review the list below and if answered yes to any of the questions…you’re probably on the godzilla scale.
1. Did you make a list of all the work done on the property with the price for each item-then add it all up?
2. Did you mentally add the total from question number 1 to the suggested list price?
3. Did you insist the realtor look at comparable properties outside your subdivision in order to raise your asking price?
4. Did you compare your property to others which were significantly larger or sold a long time ago (more than 5 months)?
5. In order to prove your pricing theory correct, did you put your property on the market for a higher price for a period of time?
6. Have you been “for sale” for 60 days and only had a few “showings” and no offers?
7. Did you to skip most of the items on the “to do” list -deciding not to spruce up, touch up or declutter?
8. Do you want an Open House every week?
9. Did you decide on the list price- because you need to net a certain dollar amount?
10. Do you think the previous 9 questions are not relevant to your property?
No seller focuses on becoming a “real estate godzilla” it happens as a result of a combination of circumstances.
Best advice- find the realtor with the best marketing plan. Once you have had a thorough discussion about comparable properties/ pricing- follow the agent’s recommendations for pricing, staging and open houses. Godzilla properties linger on the market forever-often selling for way below value because pricing strategy was wrong from the get-go.
Still have questions- call or email.
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Fairfield Ohio Real Estate Trends
August 26th, 2008 categories: Fairfield, Ohio, Real Estate News
This morning’s newspaper is reporting on the slowing real estate market.
Buyers and sellers need to look at areas or neighborhoods in order to assess how to accurately price the real estate.
Fairfield Ohio real estate sales have been affected by the “slump” however the number closings is only down by 2 from August 2007 (8/1-8/24) 2007 to August 2008. 16 closings versus 14 closings. The average closing price was $163,663 in August of 2007 vs. $162,697 in August 2008.
Ten years of information aboutFairfield single family home sales:
As you can see the “average” sales price is dropping, however with the new Federal Housing Tax Credit incentive and the increase in FHA (Federal Housing Authority) mortgage limits- more buyers are circling our area looking to purchase.
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