Greater Cincinnati Real Estate Market Report
Want to know what happened during the October 2015 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 October 2015 Greater Cincinnati Real Estate Report. Home sales continued to show strength and with the start of school and people returning home from vacation there has been a slight increase in homes for sale as compared to the summer overall.
Cincinnati, Ohio - Hamilton and Clermont Counties
In October there were 898 homes that closed during the month for Hamilton County and 221 homes that closed for Clermont County. Homes that went pending in October were 567 for Hamilton and 168 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 $246,132.00 with an average selling price of $172,898.00.
- Hamilton County homes during the October time frame were on the market (Days on Market) for an average of 93 days.
- There are currently 3,343 homes available for sale in Hamilton County.
- The average listing price for homes in the Clermont County area was $215,725.00 with an average selling price of $157,670.00.
- Clermont County homes during the October time frame were on the market (Days on Market) for an average of 86 days.
- There are currently 848 homes available for sale in Clermont County.
Ready to Sell or Buy...
Northern Kentucky Real Estate Market Report
Want to know what happened during the October 2015 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 October 2015 Northern Kentucky Real Estate Report. While home sales were a bit lower number wise due to the summer break, August continued to show strength compared to last year in the Greater Cincinnati area.
Northern Kentucky - Boone, Campbell & Kenton Counties
In October there were 208 homes that closed during the month for Boone County, 102 for Campbell County and 196 homes that closed for Kenton County and . Homes that went pending in October were 145 for Boone, 65 for Campbell County and 148 for Kenton.
- The average listing price for homes in the Boone County area was $240,290.00 with an average selling price of $198,415.00.
- Boone County homes during the October time frame were on the market (Days on Market) for an average of 96 days.
- There are currently 625 homes available for sale in Boone County.
- The average listing price for homes in the Campbell County area was $219,679.00 with an average selling price of $194,471.00.
- Campbell County homes during the October time frame were on the market (Days on Market) for an average of 129 days.
- There are currently 442 homes available for sale in Campbell County.
- The average listing price for homes in the Kenton County area was $204,896.00 with an average selling price of $149,332.00.
Things To Fix Before Selling Your Home
Prior to listing your home for sale you should develop a checklist of things to fix before selling your home. Issues with any item on the list can result in you having to scramble to fix while an offer is pending or you could end up worse with a buyer deciding to walk away from a deal due to the issues. By taking care of any issues or even doing some preventative maintenance prior to listing your home for sale you have a great marketing tool to show to potential buyers. That extra information provided by recent repair invoices receipts shows the buyer that your home is in better shape than others they may have looked at. Giving buyers peace of mind that they will be getting a quality home when they make an offer is a great way to make sure your home gets sold.
1. Heating, Ventilation and Air Conditioning (HVAC)
Your heating and cooling system are a very important part of your home. It is what keeps you cool in the summer and warm and the winter. Having an old or neglected HVAC system is one of the first things inspectors will key in on. Many real estate deals get delayed or fall apart as a result of the HVAC system being in poor condition.
If you haven’t been getting regular service and maintenance done on the HVAC system, you definitely should contact your local HVAC company and have them look over your system and perform a tune up. During the tune up process the HVAC technician will evaluate all components of the HVAC, perform a cleaning, change filters, and let you know of anything that needs replacing or will soon need replacing. If any repairs or replacements are needed...
How To Sell Your Home Fast!
There may come a time where you find yourself with an urgent need to sell your home. It may be because you have to move for a job, a change in family situation, or something else requiring you to move out of your home as quick as possible. For most people moving out of their home also involves selling their home so they don’t have the added burden of multiple mortgages or a mortgage and a rent payment in the new location you are living in. If you find yourself in immediate need of selling your home here are some tips on how to sell your home fast and some information on understanding the tradeoff of selling your home now As-Is versus preparing your home for sale.
Sell Home As-Is or Prepare The Home For Sale Tradeoff Considerations
The quickest and easiest way to sell your home is to do nothing to it at all other than the normal clean up you do and put it on the market. While this method is the quickest and easiest method, it will not be the best method if you are trying to get a certain price on the home in order to pay off the mortgage or to get some extra money to travel expenses. Selling your home as-is with no staging, without addressing curb appeal, no new paint and not making any needed repairs means getting less money for your home.
By selling your home as-is you lose buyers who are looking for a ready to move in home. Those buyers looking to buy a ready to move in home represent a majority of the home shoppers out there. They may be transitioning from an apartment or a smaller home and don’t necessarily have the budget or time...
20 Important Mortgage Terms To Know
Whether buying or selling a home it is important to know the terms that are being used when a mortgage is involved so you don't end up under water. First and foremost the professionals you are working with should be telling you what these terms mean and what is the cost for you for the type of mortgage you choose. If you are not getting the answers you need then you are better off looking for someone else to assist you in the process.
While these terms are not overly complicated, knowing them before you start your home sale or home purchase will save you some time. The early legwork in getting a pre-approval to know what you can afford or seeing what your mortgage payoff is so you know if you can pay off the mortgage upon sale are important steps. Mortgages are long term commitments that can affect your lifestyle for some time to come. By fully understanding the terms of your mortgage and the amounts you will be paying you will be in a better position in the long run.
Adjustable Rate Mortgage (ARM)
A mortgage whose interest rate can adjust during the payback period based on market interest rates. ARM loans usually have limits on how much the interest rate can adjust per year and the maximum amount an interest rate can be adjusted to over the lifetime of the loan.
Is the paying off a debt (principal plus interest) in fixed payments over a set period of time. Often times you will be presented with an Amortization Schedule when you take out a loan. The Amortization Schedule details what part of each payment goes towards principal and what part goes towards interest.
Typically a short term loan...