Home Buying in Dayton>Question Details

Diane, Home Buyer in Dayton, OH

Home for sale in lower dayton view..asking price is 69900..a lot of updates have been done. What would you offer for this home?

Asked by Diane, Dayton, OH Mon Aug 2, 2010

First time home buyer..looking for advice on what to offer

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Susan Busch’s answer
Diane, have your Realtor provide you with a good CMA (comparative market analysis) that will include recent sales activity in the neighborhood. S/He can pull up those listings & check not just prices, but condition/updates to these properties. That information will help you decide on a fair price to offer. It would also help you to have seen some other properties in the area so that you have a good overview of the neighborhood in which you will be living.
1 vote Thank Flag Link Tue Aug 3, 2010
Hi Diane!

I hope you've received the assistance by now that you're looking for. Without knowing all the details of the home and sale terms, it would be a guess what you "should" offer. I'd be happy to do a market analysis AND a Trendgraphix report for you outlining the exact pricing for that particular home. Trendgraphix is a pricing report that my company uses exclusively to assist our clients in making offers and selling their houses, and it only takes me 5 minutes. In July 2010, homes sold for 95% of the asking price on average (which would be $66,405 for the property you're discussing). See the Ohio July Market Report at http://activerain.com/blogsview/1801453/ohio-july-market-report for more details. Please feel free to contact me at anytime with the home address so I can help you further.

Christina Asad Edwards
Realtor, Recruitment/Development Manager, Investor, Home Stager, and Eco-friendly Expert
Cell or Text Message 937-205-4741
Office 937-573-0082
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0 votes Thank Flag Link Mon Aug 16, 2010
Your realtor should prepare a 3 month CMA so you can see what prices comparable properties have received. You should also ask your realtor to show you other properties in the same area and in the same price range. That way you can get understand the comparisons. If you like the house and are not sure that the price is right you can stipulate in the contract that the house must appraise for full value of the sale price.
0 votes Thank Flag Link Tue Aug 3, 2010
Sales are depressed in that area. Suggest your Realtor pull similar property sales for market value. You could also go to my Market Snapshot for an up to date list of listings and solds within a 5 mile radius of your property. It's free and no obligation. Go to http://www.YourRealtorsForLife.net and select the link "Curious What Your Neighbors Home Sod For?"
0 votes Thank Flag Link Tue Aug 3, 2010
No problem !
0 votes Thank Flag Link Tue Aug 3, 2010
Thanks james. I sent her an email.
0 votes Thank Flag Link Tue Aug 3, 2010
Diane talk to the Realtor® that you are working with and have them run comparable sales for the area to help you determine an offer price. That will give you an averge sale price. At that point you look at what the property is listed for and determine based on condition and external factors your initial offer price.
If you are not working with a Realtor® as a buyer normally you do not pay a thing for the represtation of a Realtor® in the transaction. Any home that is listed on the Broker to Broker exchange (MLS) has the offer of compensation to the buyers agent, that is the only reason that the properties are there is cooperative sales with other brokers.
Watch out though some companies charge a transaction fee over what the offered commission is and expect you to pay it. The broker that I work with does not charge a transaction fee and seeing as they have been determined to be illegal in a couple of states has no intention of starting to charge such a junk fee.
0 votes Thank Flag Link Tue Aug 3, 2010
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