Norma Palazzolo's Real Estate Blog | Anderson Township, OH | Homes for Sale, Condos for Sale, Buying a House, Real Estate Market, Foreclosures

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Norma Palazzolo
Real Estate Specialist

    ABR®: Accredited Buyer’s Representative
    e-PRO Certified
    SRES: Senior Real Estate Specialist

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Posts Tagged ‘seller’

The Benefits of a Great Realtor®

Monday, June 8th, 2009

Realtors® do more than just help you search for a home. They provide indispensable advice during the entire home-buying process. Here are three ways that your Realtor® will protect your interests in the steps toward buying a home.

1. Finding Your Ideal Home – If you’ve already searched for a home for several months, you probably have chosen a few properties that you really like. Your Realtor® will help you sift through your choices to ensure that the property you think you want is really going to serve you well long-term.

As an added bonus, an experienced Realtor® has a knack for sniffing out things like dishonest sellers, lemon houses, and bad deals. Buying a home can present many pitfalls for the inexperienced buyer and having the expertise of a professional will provide peace of mind and ensure that the process goes smoothly.

2. Preparing the Real Estate Offer – You may already be aware of the basic steps toward owning a home, but there are some finer details to drafting and presenting a real estate offer to the seller. A Realtor® guides you in how to prepare your offer and helps you to draft a competitive set of terms that will increase your chance of being accepted by the seller. Some considerations include how much to offer for the home, when to close on the deal, what costs will be paid by each party, and if the seller will add improvements to the home before closing.

3. Closing the Deal – Once a seller has accepted your written offer, there are many steps that must take place before the house will be transferred to you. Since a real estate professional has been down this road many times, they will be able to guide you during the major phases of the closing process.

Although an objective third party may draw up all the paperwork and hold the escrow funds until closing, your Realtor® acts solely on your behalf. Don’t hesitate to voice your concerns or ask your professional lots of questions to ensure that you get the optimal benefit from the home-buying experience.

And for your best benefit, work with a Realtor® – a member of the National Association of Realtors®. We are held to a higher standard of ethics and know how to represent you in order to help you obtain you dream home in this truly challenging market.

I am happy to receive you calls and referrals. Please call me for assistance.

Real Estate Is Selling in Anderson Township

Monday, May 4th, 2009

Real Estate is definitely selling in Anderson Township and its surrounding areas. I personally have sold two of my own listings, meaning that I brought the buyer to my sellers, just this past week in Mt. Washington. That is a real success for the seller, the buyer and the Realtor.

Statistics for January through March 2009 show that the Greater Cincinnati area is down 15% in number of homes sold and down 16.1% on sale price. That is tough for our market. However, statewide the number of homes sold is down 18.8% and sale price down 17% and there is evidence of an uptick in March compared with February. The national news is reporting that April 2009 has been the best sales activity in the month of April since 2006.

The fundamental elements of a solid housing market are in place – historic low interest rates, an ample supply of housing in all price categories and price affordability. Conditions are perfect for prospective buyers, especially first-time buyers, who are able to take advantage of the non-repayable $8000 tax credit now available. Additionally, we are finding sellers have become more realistic in setting a list price, understanding the importance of gaining a competitive edge for the limited pool of buyers. This is a common sense balance that will hopefully help the state’s housing market, and specifically Cincinnati’s, get moving again as we enter what is traditionally the home buying season.

Market Recap

  • Avg. Sales Price: $243,439

  • Avg. Days on Market: 70

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