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Thinking of selling in spring of 08. What do we prognosticate?

L Wesolik
Home Seller
Avon, OH

Live in a new subdivision constructed by Oster. Good homes. Great hood.

Answers (2)
Michael J Kelly...
Agent
Santa Rosa, CA

If you live in a "brand" new subdivision I would keep a wary eye on the builder/developer. Do they have any new "Phases" coming on-line? I ask this as some builders are really slashing on their “new” phases by as much as 25%!! If no more phases then I would want to know did most of these sell before our current credit crunch. Is this community below the median home price in your area? Or does it represent an affluent Buyer? The reason I bring this up is if these have been sold in the past few years then your prices might be dropping or are ready for the big "hit". How are the foreclosures in your zip code? Keep track of them. If homes come up in your area and you see the words, "Short-Sale" or "REO" the spring sale may become an "out of pocket" sale for you!! Talk to your local Realtor in the area. Any one Realtor dominating your community? Ask him or what’s happening and what the trends are. And ask yourself, "Why am I selling?" If you can't afford to live there and have a loan which just got "re-cast" or adjusted, then your neighbors might all be in the same boat! That ain't good!

Sun Oct 7 2007, 22:07
John Youker, Br...
Agent
Beavercreek, OH
FIRST ANSWER

My suggestion is this: Get with a GOOD real estate sales professional in your area RIGHT NOW! That way, they can help you start to prepare your home for sale now, so you do not have all that work to do at the time you list. It is a lot of work to get a home ready to sell in todays market - if you do not think there is a lot of work to be done on your home, ask the countless thousands of people who are NOT SELLING if they wished they would have listened to their broker about home fix-ups prior to listing.

Anyway, get with a good local expert and someone who is proficient with todays intenet technologies to help market your home. Look at Realtor.com and local MLS websites to see which agents come up more. Also, type in AVON, OH REAL ESTATE, or any combination of that into GOOGLE and see who repeatedly comes up on the first page - that will give you a good idea of who is on the ball with their technology.

Other than that, there is no way of knowing where we will be in 2008, other than it may not be much different than it is right now. Also, stop reading and listening to the national news about real estate. We are in Ohio, and you are in Lorain Cty, Only focus on news that pertains to Avon, more specifically, your particular neighborhood.

Good luck!

Sun Oct 7 2007, 19:42

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