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Warren County : Real Estate Advice

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Activity 62
Wed Sep 24, 2008
Realtynovice answered:
As you state that it is after closing, apparently you signed the settlement statement. That means you reviewed it and accepted it as accurate and aggreed to it. Although extremely unlikely, you could consult a lawyer to see if there is a remedy available, but most likely what is done is done as it was unfortunately your negligence in not thorooughly reading what you signed.

Sorry.
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Wed Aug 20, 2008
Don Bush Team answered:
Mon Aug 26, 2013
James Gordon ABR SFR SRS answered:
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.
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Mon Jun 9, 2008
Christina Cavins answered:
Usually a smaller lot and difficulty with resale. Let me know if you have anymore questions!

Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
Christina.AsadEdwards@RealLiving.com
www.teamedwards.info
mobile or text 937-205-4741
office 937-573-0082
fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
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Tue Apr 29, 2008
Ada Bagwell answered:
In Central Florida where we have had so much new building, the requirements for water retention call for ponds or lakes that hold water that would other wise potentially flood an area when there are heavy rains. The retention ponds allow for storm water drainage. Most communities will place a fountain in the pond to keep the water from becoming stagnant. ... more
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Sat Apr 9, 2011
Don Bush Team answered:
These answers are specific to areas. A CMA by a Realtor will provide answers for you. A national and general comment on CNN yesterday by an economic expert indicated that "...Condos are overbuilt, therefore, there may be a bargain..." (If you mean townhome as a condo.) Appreciation was seen here for 25+ years, but the last two years have proven to be different. ... more
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Wed Sep 24, 2008
Mary Starkey answered:
Oh my, yes, it is a great time to buy for several reasons. The inventory is high which means there is more competition from sellers. Therefore, because of the supply and demand rule, prices have dropped. and homes are in better condition. Another reason to buy now is the interest rates are very low and FHA loans are still fairly easy to get. Many sellers are also willing to help with downpayment or closing costs. Some people are trying to wait until the market bottoms out but they will not know if it has reached bottom until prices start rising again. Once that occurs interests rates will also go up due to supply and demand. Real estate has and will always be a great investment since there is only a finite amount of it in the world, and just like the stock market, its best to get in when its low. Get yourself a REALTOR and start looking NOW! ... more
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Thu May 1, 2008
David M. Childress answered:
For a condo at $156k, an offer of $1,000 toward closing costs would be generous. It sounds like you are doing all the right things to sell, good luck.
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Fri Jul 18, 2008
Elizabeth Tintinalli answered:
How well do you really know you are priced? Did you have an appraisal that got you to the price you have it listed for? Do you know what other properties in the area have really sold for and are pending close REALLY? I would go to one of the prospective buyers that did look at it and get more of a strong feedback. Find out if they bought in the neighborhood really for less. By cheaper what do you mean? These are all questions you have to ask yourself and find out before you make any decisions to change price. How motivated are you to sell? If it is price would you be prepared to lower to what others in the area coparable have sold for? ... more
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Wed Sep 24, 2008
Kate Cerminara answered:
Hi, great question! Unfortunately, there is no "norm". When a buyer is interested in a particular home, it's in his best interest to submit an offer as soon as possible. The Spring market is starting to pick up, and as a result I am seeing multiple offer situations. You would not seem pushy at all for calling for feedback.

Each buyer is unique. Some want to see numberous homes prior to making an offer; Others are still waiting for prices to drop.

You mentioned that you are a FSBO. Are you willing to work with a buyer that has a realtor? If not, this may be a drawback. If so, when you call the agent for feedback also remind him that you are co-oping with realtors. :-)

Best Wishes!
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Fri May 2, 2008
Tracy Johns answered:
Kim-
I don't have the statistics on the Dayton area as they are in a separate multiple listing service than is Cincinnati. The absorption rate, which says how many months of inventory there are, in Greater Cincinnati is 9.8 months. A balanced market is one where there are 5-6 months of inventory. Keep in mind, location-location-location. Your best bet is to research the absorption rate in the specific community you're looking in.

Hope that helps!

Tracy Johns
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Sat Mar 29, 2008
Chuck Patterson answered:
This seems to answer most of the questions I see on this forum: Call a Realtor.
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Sat Apr 9, 2011
; answered:
The only reason I'd avoid the pond is because of mosquitoes (assuming that the drainage to the pond doesn't impact the property that you're viewing).
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Mon Dec 29, 2008
Mary Starkey answered:
Hello, Kim, I live and sell in Springboro and my personal opinion is that Brookside homes sell quicker hold their value more than Settler's Walk and Fieldstone. Settler's Walk was very popular when it was first new but we have seen the values decrease and some homes selling for less than what the owners paid for. There is quite a large inventory of homes for sell in Setter's Walk also. Fieldstone homes are on the average priced higher than Brookstone homes and are newer. Because of their price many can not afford to live there. The homes in Brookstone are on the average on larger lots. Each subdivision has their own characteristics and price range but Brookside seems to be holding their value better comparable to Fieldstone and definitely compared to Settler's Walk. ... more
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Tue Feb 26, 2008
Jaime Druck answered:
If you are questioning the conflict of interest you can ask that agent to have their manager or another agent out of the office present the offer to keep things unbiased. There is a Realtor code of ethics where the agent should be fair in representing all parties involved. You shouldn't steer clear of his listings because that would limit your possible homes. I think regardless of the representation the key is to work to achieve the same common goal of you buying & a seller selling. I work as a team and when we have a buyer interested in one of our listings I work exclusively with one side while she works with the other. ... more
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Tue Mar 29, 2011
Mary Starkey answered:
Are these homes listed with a Realtor and on the MLS? Since 84% of buyers start their new home search on the internet, it only makes since to work with a Realtor and get those listed online. I know Landen and Kings School district has always been a great area and these homes should sell. Many people are looking for a ranch with a basement. Price is another reason homes are not selling in this market but wait a few months to reduce anymore since the buying season is upon us. I list my homes in both the Dayton and Cincy MLS so if I can help you, please feel free to visit my website and contact me. ... more
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Wed Feb 13, 2008
Mary Starkey answered:
Kim, the market has not been as stressed in Springboro as in other places. According to the Dec. Dayton Baord of Realtors stats, the average sale to list price was 98.58%. For the entire year of 2007 it was 96.35%. Of course we do not have information about seller concessions such as closing cost or down payment assistance that may have entered into the contract and price. Hopefully your Realtor can help you with deciding what to offer, but I advise my sellers that if they get a qualified buyer they need to try to work with them. So I suggest you offer whatever you feel comfortable with. The owners will probably counter not matter what you offer so be prepared to negotiate. Good luck! ... more
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Wed Jul 8, 2009
David M. Childress answered:
That IS surprising. I have never had that problem in my area. I would strongly object to a sellers offering such a small opportunity for buyers to see their home.
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Sat Feb 9, 2008
Mary Starkey answered:
Kim, I had a 2x6 construction home on the market last summer in Springboro at Woodland Greens, but it was built in 1988. However it was beautifully updated. Not many people look specifically for that type of construction and as far as I know, builders are using 2x4 for new homes unless it is a custom built and specifically requested. The cost of a 2x6 may be cost prohibitive. ... more
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Wed Feb 6, 2008
Mark Ryan-Mark Ryan Group answered:
Jeff,

The bank is the one who says yes/no the the deal... the seller still is the one to "sell" the home but the bank has to approve the loss. Has the listing agent done short sale business before? If he is experienced then having your agent call is most likely no helping and could hamper the process, just human nature. We do a good deal of short business and when the other agent constantly calls it just slows us down and gets irritating. The whole process may take 60 days to get the bank approval, just hold on there... as long as the listing agent knows what they are doing you should be OK.

On the sheriff sale date... that could be a good or bad thing. The bank knows they have until then to decide so sometimes the "drag their feet"... There is a cost to them to reschedule if they put it off so they may wait until the last min. and then expect you to close quickly... I would have my financing as complete as possible in prep. of that possibility.

I hope this helps please feel free to send any other questions you or your agent may have on short sales in general to Mark@MarkRyanGroup.com
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