Tagged : house value

Found 12 blog entries tagged as "house value".

Perfect Pricing: the Sweet Spot for Cincinnati Listings

Figuring out the perfect pricing for any Cincinnati home for sale would be easier if there were a way to confirm past instances that hit that mark precisely. But that can’t be done. It’s the nature of the beast: it’s simply not possible. Even if a comparable Cincinnati home’s asking price resulted in being sold immediately at that exact amount, it only could have been priced perfectly. We can’t know that it wasn’t priced too low.

cincinnati homes and listings

Even if the pricing on some Cincinnati home was quickly met and even exceeded—IOW, it resulted in a bidding —that might be evidence that it had been originally priced too low. Even that isn’t certain because the supposed under-pricing resulted in a sale that was

5,214 Views, 1 Comment

"What is My Home Worth?" - Pricing Correctly

Most Monroe, Ohio home owners are usually proud of their property, while just about all home owners across the U.S. ask "what is my home worth?" but usually have an erroneous idea. Every home owner around the world wants to sell their Monroe, OH property (or any location) for as much as possible, right?

what is my home worth

The first thing I will tell you is not to rely on robotic real estate estimators like Zillow and Trulia. They use algorithms, include properties that aren't for sale and for sale or not, cannot see inside your home, realize any upgrades (or disrepair) and a gross disservice to buyers and sellers. Heck, they were 10's of $1,000's off their own CEO's property.

So, for those considering selling their

3,364 Views, 2 Comments

Does Adding an In-Law Suite Improve my House Value?

In a world of younger homeowners with aging and elderly parents or relatives, the addition of in-law suites are starting to become more popular, but does adding an in-law suite to your home improve your house value?

does adding an in-law suite improve my house value

The answer is yes, but only if you add an in-law suite correctly and by that I mean legally. Baby boomers are retiring and living independently or pursuing assisted living can be very cost prohibitive driving more families to once again live together.

Aging parents and the beauty of the duplex

That's great, but some homeowners will attempt to save money by skipping permits and the subsequent inspections, but when it comes to adding an in-law suite (or any other home

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10 Home Improvements for House Value

Before you get too excited about Zillow’s estimate of your home, remember that Zillow have never been inside your home. In fact, their own website states that it is “computed using a proprietary formula” and notably,  “It is not an appraisal”. Therefore, the true value of your home could be very different to what is displayed on Zillow. The great thing is, you can skyrocket the value of your property by carrying out some renovations. 

home improvement for house value

1) Paint - After living in a home for a while, it is easy to forget that it might have lost its fresh look. Some dirt and scuff marks hold memories, but a prospective buyer won’t see it that way. A lick of paint can make your home look like it was just built. Plus, it is one of

2,842 Views, 1 Comment

What if my House Doesn't Appraise?

Hello, been a while since I've posted anything, but a situation came up where the common question "what if my house doesn't appraise high enough?" came up for both the seller and the buyer.

Dang it - the real estate appraisal was shy of where all parties needed it to be to move forward with purchase and sale. What can be done about it?

what if my house doesn't appraise

Now, my business partner, Marty Snyder, the top Ohio Realtor in our area is marvelous at challenging appraisals. He runs proper comps and his fastidious but friendly nature and appraisal challenge strategy usually wins appraisers over. Nearly 100% successful, this instance was not. As it turns out, the situation was one we've come across for the very first time.

Here's a

1,875 Views, 2 Comments

How to Sell My Home for More

My business partner Marty Snyder and I help clients buy and sell dozens of homes every year, and while sellers usually have a ballpark idea of their home’s value, it’s usually on the high end.

This is only natural, of course, just like a parent’s bias for a child and natural too to attempt to net every penny possible from the sale of their home.

sell my home for more

To that end, here are seven tips to help get top dollar when selling a home.

But before I dive into that, soon-to-be sellers should realize that consulting with neighbors, parents or the local tax man will not give you an accurate fair market value range.

"What is my home worth?" Rely on facts.

Range has everything to do with time frame constraints. It takes

5,844 Views, 0 Comments

What is My Home Worth? Don't be Naive

how much is my home worth, house valueThere's a saying in the real estate industry wrapped around the question "what is my home worth?" that gives you different perspectives depending on which side of the fence you're on.

"If you are buying, it's a house. If you are selling, it's a home" and speaks to personal attachment, motives, emotional and financial investment.

Determining fair market value is the most important part of listing a home if you expect it to sell; one could easily say it's half the battle - the other half being marketing effectively.

Even the most effective marketing won't sell an an over-priced home, though a home listed at the top range of fair market value can sell for more than expected if the marketing is broad,

3,783 Views, 2 Comments

4 Home Improvements to Lower Your Tax Bill

home improvement, lower tax bill, reduce tax billAs this year’s tax season ends (thank goodness!) and you begin to look forward to another year, it’s best to not forget about your taxes completely.

If you are buying, just bought or a long-term home owner, did you know that making certain types of renovations to your home could significantly lower the amount you owe on your taxes next year?

If you plan to renovate, read on to find out the 4 best home improvements that will allow you to reap rewards come tax time.

At the same time, the home improvements I've listed along with some possible suggestions about mortgage paid improvements can actually improve your financial picture in other ways and increase the comfort of your home.

If you're

3,072 Views, 0 Comments

Real Estate Trends: Move-in-Condition

real estate trends, move in conditionLook around the internet at big profile real estate authority sites at trends and you'll soon discover that millennials desire move-in-condition properties.

A primary concern of younger buyers, which we're seeing a lot more of, is that properties are either new, renovated and updated and in move-in condition.

Older home sales, as-is property sales are likely to trend downward over 2016 while affordable homes ready for occupants are likely to sell much faster.

A few factors account for this. Many millennial buyers are carrying encumbering student loan debt and have extraordinarily busy lives as most young professional do. They are likely to not want to spend the time or the money to invest in fixing up a

1,835 Views, 1 Comment

Fair Market Value - The Karma of Overpriced Listings

how much is my home worth, sell my home fastSelling a home in a timely manner means different things to different owners, but all sellers want to net as much as possible and it all boils down to perception, appeal and "fair market value"

It's always been funny to me, Westerners believe the definition of Karma is loosely "what comes around goes around" but that actual meaning of Karma is simply "The future one creates for oneself".

When it comes to pricing a home, this concept is better than a real-life crystal ball at what will happen if your home isn't priced correctly.

I'll spell it out for you, how it will play out, exactly what will happen but also what sellers can do to land in the ballpark of their goals.

The Karma ....

    4,625 Views, 0 Comments