Greater Cincinnati Real Estate Market Report
Want to know what happened during the March 2016 Cincinnati Real Estate Market and Northern Kentucky Real Estate Market sales period? You have come to the right place. Read on to get the latest statistics and information in the March 2016 Greater Cincinnati Real Estate Report. Home inventory is still low around the Greater Cincinnati area which means buyers are having a harder time finding a home that they like and this also causes those thinking of selling their home to sit on the sidelines for fear of not finding a home if they do sell.
Cincinnati, Ohio - Hamilton and Clermont Counties
In March there were 896 homes that sold during the month for Hamilton County and 255 homes that sold in Clermont County. Homes that went pending in March were 754 for Hamilton and 237 for Clermont County. Pending status means they had an offer accepted and were awaiting closing pending inspections, appraisals, financing etc.
- The average listing price for homes in the Hamilton County area was $281,961.00 with an average selling price of $193,780.00.
- Hamilton County homes during the March time frame were on the market (Days on Market) for an average of 83 days.
- There are currently 2,719 homes available for sale in Hamilton County.
- The average listing price for homes in the Clermont County area was $237,587.00 with an average selling price of $185,062.00.
- Clermont County homes during the March time frame were on the market (Days on Market) for an average of 68 days.
- There are currently 600 homes available...
How To Negotiate After The Home Inspection
Once your home inspection is completed and depending on the age, condition and how you are selling your home you can expect to receive a list of requested repairs to deal with any issues your home may have. While a good buyer’s agent will counsel their clients that the home they are buying is not a new home and everything won’t be in perfect condition, asking for repairs of safety related issues is advisable. If you as the seller get a large list of requests requesting even simple things be repaired then it may be the case that the buyer’s agent did not counsel their clients properly when it came time to draw of the list of repairs. If you were advertising and selling your home as-is then the home inspection report is mainly for the buyers to know what they are getting when they purchase your home. Anything in need of repair on an as-is home is for the buyers to deal with and your home should be priced accordingly.
Timing and Market Condition Affect Your Ability to Negotiate Home Inspection Repair Requests
Your ability to negotiate will depend on the type of market you are in and how long your home has been on the market. If your home is in a seller’s market where as soon as a home pops up for sale they are under contract in less than a week then you are in a stronger negotiating position than if it were a buyer’s market with too many homes up for sale and not enough buyers. In a buyer’s market you must...
Home Pricing Tips To Help Your Home Sell
The top thought going through minds of most sellers during the initial phases of getting their home ready for sale is how to price my home for sale. Determining a price to set for your home that you are about to list for sale is not as easy a task as it sounds to be. Pricing based on how much you paid for the home and adding in the money you invested in improving and maintaining the home is not a realistic method to pricing your home. Neither is looking at statistics like price per square foot of homes in your area a good means to determine your home price since the price per square foot is a very general measure and does not take account of the condition of the homes. Pricing your home needs to come from a detailed analysis of comparable existing home sales in your area along with a consideration of the condition of your home.
Uniform Neighborhood Pricing Comparisons
Your neighborhood is a good place to start getting an idea of how your home should be priced. In neighborhoods where homes are similar in nature in terms of looks, size and age you can generally get an idea of what the upper and lower price range of homes should be by looking at the sales history for the past 6 months to 1 year. Simply look for the lowest price home and the highest price home that sold in your neighborhood and you have narrowed down where you should be pricing your home at. If your neighborhood does not have any recent pricing data to compare your home to then you will need to look at similar surrounding neighborhoods in your city and/or...
Green Home Features That Can Improve The Value Of Your Home
A green home is a home that is more energy efficient than the average home and has been built/remodeled using environmental friendly techniques and materials. Often times the use of environmental friendly materials or building techniques result in a better environment for those living in the home due to low/no volatile organic chemicals being present in the home, improved air flow to prevent stagnating toxic air, and an overall cleaner indoor environment. Green homes not only offer improved healthiness of the interior of the home but the green features can also boost the value of your home since having a better overall indoor environment and being more energy efficient are big selling points for buyers.
Green Home Features To Boost The Value Of Your Home
Solar Energy Systems
Solar panels installed on a home are an easy feature to spot since the black rectangular panels are located prominently on the roof. Some solar energy systems merely supplement the power to the house when it is sunny and rely on the local power company to fill in the remaining power demand when the power demand in the home is high or when there is not enough sunlight to produce electricity for the home. This type of system, called a grid tied solar energy system, helps reduce monthly power bills. Some power companies will also buy power from a homeowner that has a solar energy system when the solar system is outputting more power than the home currently needs.
Another type of solar energy system is the off grid system. In this type of solar energy setup a home is completely disconnected from...
Northern Kentucky Real Estate Market Report
Want to know what happened during the March 2016 Northern Kentucky Real Estate Market sales period? You have come to the right place. Read on to get the latest statistics and information in the March 2016 Northern Kentucky Real Estate Report. Home inventory is still low around the Greater Cincinnati and Northern Kentucky area which means buyers are having a harder time finding a home that they like and this also causes those thinking of selling their home to sit on the sidelines for fear of not finding a home if they do sell.
Northern Kentucky - Boone, Campbell & Kenton Counties
In March there were 156 homes that sold during the month for Boone County, 103 for Campbell County and 241 homes that sold for Kenton County. Homes that went pending in March were 205 for Boone, 124 for Campbell County and 237 for Kenton.
- The average listing price for homes in the Boone County area was $253,120.00 with an average selling price of $196,859.00.
- Boone County homes during the March time frame were on the market (Days on Market) for an average of 84 days.
- There are currently 522 homes available for sale in Boone County.
- The average listing price for homes in the Campbell County area was $238,461.00 with an average selling price of $140,971.00.
- Campbell County homes during the March time frame were on the market (Days on Market) for an average of 110 days.
- There are currently 349 homes available for sale in Campbell County.
- The average listing price for homes in the Kenton County area was...