I live in Mason Ohio half way between Cincinnati and Dayton. My house has been on the market for about 3

Kristen Monley
Home Seller
Mason, OH

weeks for sale by owner. I received an offer over the weekend, its less than what I would like and I am trying to decide if I should accept it or hold out and wait for more. Can someone update me on the housing market in the Mason area. Are prices still declining? I bought the house a year and a half ago for $220. The offer I received is $220 however they have a realtor I would have to pay 3% to so I would loose $6600. I dont want to be unrealistic. Do other realtors think this is a good deal given the market we are in today or are things getting better and I should wait for a better price.

Answers (6)
Mary Starkey
Agent
Dayton, OH

Kristen, I am familiar with the Mason area and live in Warren County close to Mason. From what I have seen prices have actually declined the past year of about 5% in our area. The offer you received sounds like a pretty good offer considering the market , unless, your house was over priced when you bought it. It is very difficult to sell a home without a Realtor's help these days. Just make sure you have pre-approval letter from a mortgage company for your buyer. Congratulations on your offer!

Mon Aug 11 2008, 09:14
Barbara Chasteen
Agent
Centerville, OH

I think you are fortunate to have gotten this offer, & so quickly, Escpecially If they are not asking for closing assistance or anything else, home warranty, etc. You have the opportunity to put a SOLD sign in your yard, without months of stress, I suggestyou DO IT!

Mon Aug 11 2008, 09:13
Lynn911.com Dal...
Agent
Dallas, TX

I agree with all take the offer, it can be weeks, months, lending changing again long time. Talk with CPA determine if the $6600 can take as a write off taxes. Art comment about marking house up to cover buyers agent commission is GREAT idea
http://www.lynn911.com http://www.homes-for-sale-dallas.com

Web Reference: http://www.lynn911.com
Mon Aug 11 2008, 09:10
John Youker, Br...
Agent
Beavercreek, OH

This sounds like a pretty good offer. Make sure they are approved and if you pay the agent, at least you know that the deal will have a good shot at closing. Many FSBO deals are lost in the time from contract to close. I wish you the best of luck - I work this area and have not seen a decline in prices, but have not seen an increase in prices either, so I would proably take the deal.

Mon Aug 11 2008, 08:50
Art Hotes
Agent
Medina County, OH

At first glance, Kristen, it sounds like it is a decent offer. I don't know your area, but if it's anything like mine (northeastern ohio), then properties really haven't gone up in value over the past few years or so.

You could always try to hold out for a better offer, but unless you own your home outright, you will be paying those payments, etc. until that acceptable offer does come in. And, who knows how long that would be!

You can ask that the buyer increase their purchase price (as a counter-offer) so that it covers the agent fee. Just a suggestion.

Good Luck!

Art Hotes ~ RE/MAX Classic

Web Reference: http://www.ArtHotes.com
Mon Aug 11 2008, 08:50
James Gordon PBD...
Agent
Butler County, OH
FIRST ANSWER

A 4 bedroom home closed for 2000.00 in June less than that a block down the street from you. For a 3 bed in a bedroom community take the offer and be thankful.

Web Reference: http://www.Find1Home.com
Mon Aug 11 2008, 08:47

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