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Home Selling in Dayton : Real Estate Advice

  • All237
  • Local Info16
  • Home Buying96
  • Home Selling16
  • Market Conditions12

Activity 21
Mon Aug 5, 2013
Anthony Crossley II answered:
Let me know what I can do to help. Be glad to do my job & what I am paid to do.

Anthony W. Crossley II,Realtor
Coldwell Banker Heritage Realtors
535 N. Main Street
Springboro, Ohio 45066
Cell: (937) 559-7188
Office: (937) 353-4550
Fax: (937) 306-1303
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Mon Apr 22, 2013
Grace Siefer answered:
according to the Dayton Area Board of Realtors for all areas the average days on market in the last 6 months is 134. however, certain areas are diffrent. We can run the same statistic specific to an area using zip code or map area.
Hope that helps, if you need a Realtors call at 937-554-5159
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Mon Jan 7, 2013
Donna Knauer answered:
At this point, there are still a few condo associations that are on the approved FHA list, but the growing trend overall is going towards conventional financing on Condo's. Currently in your zip code there are 21 active condo listings (average of 134 days on market), 4 pending listings (average of 183 days on market) and 21 solds (in last 6 months) with average of 150 days on market. The only other two options, if your condo does not sell, are renting it out or offering a land contract, but you need to check your condo association to see if you can even use either of these options.

The regulations have also changed for residential financing, so check to see if you qualify based on your debt to income ratio, before selling your condo.
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Mon Mar 2, 2015
Ron Thomas answered:
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.
Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”
Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)
Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.
Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
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Sun Sep 2, 2012
Teresa Luther answered:
Have you asked your agent this question? You are paying this person to list and market your property, so that should be your resource for questions.
0 votes 1 answer Share Flag
Thu Aug 16, 2012
Ron Thomas answered:
It sounds like there might be more going here:

It is not his responsibility to produce "showings";
the fact that it is Listed on the MLS should produce Buyers and their Agents.

It really sounds like everyone is a little un-enthusiastic about showing your house, and I would bet that the LISTING PRICE is too high: In fact, from here, I can see that it is too high; the proof is in the pudding, and I hope you realize and accept this.

Him taking a month off is not going a bit of difference; other Realtors should want to bring their Clients with offers.

Have you had him do a CMA to determine the Market Value, and did you listen?
Do it again!
You will still have Buyers asking "why the price drop?" and "what's wrong with it?" but you can't change that now.

Good luck and may God bless
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Sat Jun 23, 2012
Fred Yancy answered:
Often times you start with 80% of what you owe the bank as a starting point. However, there are some neighborhoods here in Atlanta that are selling for 25% of what they had sold for only a few years ago. So to give a definative answer is diffucult. The price is what the market will bear. ... more
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Mon Jul 21, 2014
Christine McDaniel answered:
Hi Sarapon,

Are you selling your home by owner? If a buyer is getting financing through a bank the bank will order the appraisal. If you are looking for an appraisal of value that will vary a little from actual sales value. A bank will loan you more money on a home because they look at it as a long term purchase. The appraisal for sales value will be the last 3 months of comparable solds (I don't think they use 6 anymore). If you are flipping the home in under 90 days and need an appraisal for your side of the transaction then ask around. A lender, bank or real estate agent should be able to recommend some appraisers. See whose name comes up most.

Good Luck,
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0 votes 8 answers Share Flag
Tue Nov 1, 2011
Susan Blanford answered:
The typical market time is governed by how long on average the homes in the area stay on the market where the home is located in which you are inquiring. You should ask your real estate agent to help you determine that information prior to listing your home. Additionally, the market time of the Seller's home is totally dependent upon price, condition and location of the subject home. Homes properly priced for their individual condition and location will sell in a reasonable period of time. If you're just looking, I'm curious to know what is the actual motivation to your question. ... more
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Wed Sep 28, 2011
Susan Blanford answered:
Very difficult in the Greater Dayton area. Good luck.
0 votes 1 answer Share Flag
Fri Dec 17, 2010
Shawn Burns answered:
Your best bet would be to work with a local agent that is reputable. An agent will be able to give you an analysis of current market trends in your area as you will want to price your home to entice as many buyers as possible. An agent will also be able to give you a marketing plan suited to your home, including open houses and online marketing, as many buyers look to the internet as a first resource. Also, I would recommend that you have your property ready to be viewed by the public, which may mean some cleaning, painting, etc. Good luck with selling your home. ... more
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Tue Nov 1, 2011
Janet Unkefer answered:
Hi Primetime,

I recommend that you contact a reputable title company. The title company will handle the entire transaction from providing a purchase contract, prepartation of all legal documents, title insurance policy, title search, pro-ration of taxes,escrow , recording of the deed etc. They will also make sure that everything is done to meet the requirements of the buyer's lender.

If the buyer is going through a lender you might want to ask that lender if they have a title company that they routinely work with or would recommend.

Good Luck and Congratulations on your sale,

Janet Unkefer
Cutler Real Estate
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Sat Nov 24, 2012
Susan Blanford answered:
Finding an agent who is open and honest and willing to provide accurate answers to the seller even though it may not be want the seller wants to hear, then listing a home for too high a price and not selling the home. ... more
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Fri Feb 19, 2010
Mark Ryan-Mark Ryan Group answered:

I am just going to sit in and see what people say... hope you don't mind. :-)
0 votes 21 answers Share Flag
Tue Feb 16, 2010
Laurie Scalf Rueda answered:

I would say it depends on your plans. If you can wait to sell, that is what I would do and rent it out in the meantime. If you are in a situation where you can easily move where you need to go without selling, you can buy a home and keep this as a rental property, build equity while the market turns around.

Let me know I can help.
Laurie Scalf
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Sun Jul 20, 2014
Mark Ryan-Mark Ryan Group answered:

I would be happy to meet with you and discuss your options. Depending on the level and complexity of your needs I may be able to help you personally. I am a local real estate broker with RE/MAX and one of my designations is the ASP (Accredited Staging Professional).

Often when home sellers are preparing to place a home on the market there are many other itmes that may need to be done in addition to "staging"... minor repairs, paint, etc. I can provide direction so you make wise choices and then help with direction on staging the home.

If you need a more full service "staging" involving rental furniture, etc. then that is beyond what I focus on but would still be able to assist you.

Please feel free to call at 937-353-4600 or email if you have any follow up questions or would like to meet and discuss your options.

Hope that is some help?


Mark Ryan
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Sun Jun 20, 2010
Lorna Furderer answered:

Since you are a seller as well as a buyer, you should ask your real estate agent to pull those for you. I checked on our local board of realtors' site, and see that your house is listed currently. Make sure that you have great communication with your agent, for he is the one to pull all of the solds in your neighborhood and keep you up to date on the market in your area. He is working for you, and you are a team. Good luck with the sale of your home! ... more
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Wed Nov 6, 2013
Ian Stein answered:
The catch would be how much they are going to buy your home for. A few Realtors in town offer this arrangement as well as the "if you buy this home, I will buy yours" pitch. On that particular deal the buyer has to buy a property worth more than the home they are leaving AND sell for (from what I've heard) %80 of the value. I am of the opinion that the for-mentioned realty company will set the price. It would be up to the seller to decide if the set price is reasonable.

Ian E. Stein
Prudential One Realtors
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Wed Aug 25, 2010
Shel-lee Davis answered:
When selling distressed property, you want to work with someone who specializes in this area. They will have a group of investors they work with on a regular basis, contacts at the various lenders, and a wealth of other knowledge to make your home selling process go smoothly. Please contact me with some specifics about your situation and I see if I can refer you to someone in your area that can help you out. ... more
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Tue Sep 9, 2008
Alan May answered:
I wouldn't limit myself strictly to the "top producers" in your area. Often you'll find that the top producers function like a machine, with assistants in place to take phone calls, and contact sellers. Theirs is often a numbers game, the more listings they have, the more likely some will sell.

Sometimes those 2nd and 3rd tier agents who still sell quite a bit, are a better choice. They may not have assistants galore, but they have that personal touch, and are driven to sell your property.

Pay attention to the agents in your area who've been able to attract your attention. Those that have marketed effectively in your area, prints ads, signage, internet presence, etc... Check out their site... is it an enhanced site, did they do a good job with photos, and revamped descriptions & virtual tours. Contact them, what is their track record... how many recent sales, and what is their list/sale ratio, how many have expired or cancelled? How many of those homes were similar (comparable) to yours. What is their marketing plan... does it sound reasonable?

Get a feel for character and personality... you'll be spending a lot of time together... feel comfortable.
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