Real Estate Selling
Real Estate Report for Greater Cincinnati
August 17th, 2010 categories: Real Estate Selling
Below is the Market Action Reports for 6 zip-codes in the greater Cincinnati area:
45233
45011
Click here to order your report….or call or email for details.
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Overheated Real Estate in Greater Cincinnati?
August 4th, 2010 categories: Real Estate Selling
Do you think the real estate market in metro Cincinnati is overheated?
Well if you’ve been house hunting the last week or so and walked into a property where the seller decided to turn off the ac-or set the thermostat at 90 degrees- you have experienced it. There is a variety of good reasons not to waste money on air conditioning in vacant (or almost vacant) listings. However with the severe heat, energy conscious sellers are sabotaging sale opportunities because most buyers “can’t stand the heat” and leave before walking through the property. When the temperature is in the 90’s on the first floor- the second story feels like 150 degrees- which does not encourage buyers to stay and fall in love with your house.
During this heat wave do yourself and the buyers a favor by keeping the house temperature tolerable. Make sure the buyers looking at your property aren’t impacted by overheated real estate.
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Are You a Real Estate Nitpicker or Seducer? Part 2
July 17th, 2010 categories: Cincinnati Ohio, Real Estate Buying, Real Estate News, Real Estate Selling, West Chester Ohio
A few days ago I asked a simple question of home buyers and sellers in Cincinnati, West Chester and Mason-are you a real estate “nitpicker” or a real estate ”seducer”? In part 1 I covered the “nitpickers”. Today it’s time to identify the “seducers”.
Everybody loves the thought of being around a “seducer”…they’re smooth, polite and full of compliments.
If I asked 100 people who they would prefer to work with- “seducer” would win. But not all seducers are as smooth as they appear and sometimes their need to make everybody comfortable can cause as many problems as the “nitpickers”.
You can identify the real estate seducers if:
- The buyer who compliments every property or the seller who meets greets every buyer and their agent before leaving the property.
- The seller who leaves freshly baked goodies on the counter with a note to the buyers.
- The buyer who is more worried hurting the seller’s feeling than writing a good clean contract.
- OMG scenario-the buyer who goes back to the property on their own and chats with the sellers before ever writing a contract.
As with the “nitpickers” the middle of the road type ”seducer” is fun to work with and really can make the transaction go smoothly. What’s not to like about polite people? On the flip side hard core “seducers” are hard to read and if they compliment and gush about every property- it’s hard to get a read on what they like or dislike about a particular property. As an agent if I understand that you really dislike a particular floor plan-I will do my best to eliminate those houses from showings. The same goes for sellers who gush all over everything you do-let’s face it we’re not perfect and sometimes just saying thank you is enough.
The bottom line both buyers and sellers need to act normally and provide their agents, lenders and inspectors with honest questions and feedback. Nobody likes dealing with the extreme version of the “nitpicker” or the “seducer” so if you think you are one or the other- ask yourself if you are getting the service you need or the service your behavior is dictating.
Honesty, common decency and good bargaining techniques (not getting emotionally attached) are always win/win strategies in real estate.
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Sellers Continue to Reduce Prices on Real Estate
July 16th, 2010 categories: Cincinnati Ohio, Mason Ohio, Real Estate Buying, Real Estate Selling, West Chester Ohio
Trulia released a report this week showing at least 24% of the real estate listings on the market had at least one price reduction. The number reflects a 9% increase from the previous month. The report tracks the top 50 cities with price reductions- good news Cincinnati did not make the list….which could also be bad news if housing stock is just sitting on the market going nowhere.
The trend reinforces that buyers are back to normal and with the expiration of the home buying tax credit- sellers really need to be proactive when pricing their properties in the metro Cincinnati area.
If your property is for sale and you haven’t reduced the asking price in the last 30-45 days- think about it. Make sure you are looking at current market data and not relying on what you “think” you home is worth as a pricing strategy.
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Are You a Real Estate Nitpicker or Seducer?
July 12th, 2010 categories: Cincinnati Ohio, Real Estate Buying, Real Estate News, Real Estate Selling, West Chester Ohio
When buying real estate in Cincinnati, Mason or West Chester lots of buyers (and to be honest-some sellers) fall somewhere into 1 of the 2 categories.
So are you real estate seducer or real estate nitpicker?
To answer the question it’s important to understand that belonging to the middle of either category doesn’t automatically make you wonderful or horrible. However the “extremes” may oftent run into problems during the transaction.
Today I’m covering the nitpicker and you’re one if:
- Find a great house, negotiate a good price and then sink the deal over inspection items such as bathtub caulking, one light switch that doesn’ t work…
- Conversely - you’re the seller and you decide not to disclose or fix major items (ie: cracked heat exchanger, the leak that you’ve painted over numerous times…)
- Buyers who request total replacement of items not even mentioned on the inspection report-ie: all new window, new furnace, new roof….
- Buyers and/or sellers who try to renegotiate everything right up to the closing date. These nitpickers are likely to suggest that they will “walk away” if the other party doesn’t give-in.
- You are immediately suspicious if the other party doesn’t reply to questions or counter offers immediately.
Granted the examples are extreme but the message is always the same..control. Some buyers and sellers have convinced themselves (or somebody else is coaching them) that unless all they demands are met- it isn’t a good deal.
Unfortunately what’s good for one side of a real estate transaction may not be good or acceptable to the other side….and the hard core nitpickers sometimes lose good properties or end up paying more because the other party has decided to play hard ball or to just not play at all.
So if you’re a really bad real estate “nitpicker” beware of the consequences.
In a few days find out if you’re a real estate seducer.
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