I believe the market has started to find a balance in recent months. Statistically the list to sell ratio has a variance of less than 5%. According to the National Association of Realtors in 2011 60% of homes listed at fair market value will sell in the first 60 days!... more
Unfortunately it does not. She would have been qualified for repeat home buyer tax credit of $6500, but she had to close by June 30th. BUT if she is military the rules change.Special Rules for some Members of the Military branches , the Foreign Service and the some of the Intelligence Community.
Here is the definition of these members:
for qualified service members who are ordered on a period of official extended duty, these dates are extended. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended the duty outside of the United States may qualify for one-year extension.
â€œQualified service memberâ€ means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community.
â€œOfficial extended dutyâ€ means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.
Kim, it really is not a common problem. here in the Dayton area. I am a real estate agent in Springboro and my clients have always been cooperative in flexible showing time. I agree that if a seller has limited their showings to just one day a week, then they must lack motivation to sell. However, there may be other situations of which I am not aware that warrent only a Sunday showing.... more
FHA limits are set by county and fortunately Warren County's limit is now $337,500 from the previous amount of $256,500. If you need any more help feel free to call for a loan consultant and a real estate consultant. I live in Springboro and will try to answer any questions you may have.... more
I would not avoid his listings (why punish or limit yourself because he's the listing agent?)... but if you should fall in love with one of his listings, and decide to pursue it, I would ask him, (or his managing broker) to designate another agent in his office to represent you in the purchase.
While dual agency is legal in many states, and transactional agency is available in many others, I do believe that it's a conflict-of-interest, and a lawsuit waiting-to-happen. The only person who's well served when practicing dual-agency, is the agent who gets a double-bang off the commission.
The clients (both of them) can no longer count on the "expertise" of the agent they hired. Her negotiation ability, her advice of what the home is worth, what inspection issues should be pressed, credit, or when we should walk away from the deal... all of those are compromised when she is getting both sides of the deal.
Yes, as John mentions, sometimes it goes smoothly. Everything will be fine... until it isn't. And if/when it goes bad, it goes bad very quickly and very big. Make sure your agent understands that if you should decide on any of his properties, you're going to want him to "designate" another agent.... more
The reason for 2x4 construction is the building code for insulation in the walls. It can be met with 2x4's and fiberglass batt. 2x6 will allow for increased insulation. If you are just looking for a better insulated home you may want to look for a home that uses rock wool insulation instead of fiberglass batt. For a home with 2x6 exterior walls you may have to order a home built and use a custom builder as most production builders do not offer 2x6 as an upgrade on their spec sheets.... more
Nope, no offer is rude. Just be prepared to justify it with comparable in order to make your case. But also be prepared that some buyers will feel "insulted." A silly term since it's only business, but you never know. 10% is not unheard of, nor 15%. Go for it if the price is right.... more
This property was last for sale in the MLS for $720,000. It is the First Baptist Church of Springboro, and included 9 acres of land as well. It is not currently for sale, at least on the MLS. If you need any help with anything else, let me know.... more