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Tips For Selling a Luxury Home

Picture of luxury homeSelling A Luxury Home

Selling a luxury home involves more than just slapping a for sale sign on, listing the property on a Multiple Listing Service and/or posting to an Internet real estate portal.  Whether you plan on selling your luxury home yourself or plan on using an expert Realtor there is a right way to go about getting your luxury home sold.

Work With Professionals

Realtors with solid experience are there to help you in the home selling process using the best tools possible. Often times Realtors with the experience and knowledge of selling luxury homes have built up a team of professionals whom they work with to handle matters like home inspection, home staging, or legal matters that may need addressing during the selling process. By hiring a Realtor there is no need to reinvent the wheel and figure out who best can handle home inspections, who best can handle staging, who can best handle title work and more.

While you can sell your luxury home for sale by owner (FSBO) as noted in my post “How To Sell Your Home For Sale By Owner”, a Realtor will be better able to handle the day to day scheduling and negotiating with buyers that come up in a home sale. Realtors who are experienced also have good knowledge of the rules and regulations that one needs to follow when selling a house. Realtors on a daily basis handle matters pertaining to home disclosure requirements, home inspection and repair time frames, how to arrange for appraisal and title work and more. Especially where you are trying to sell a high value luxury home it is in your best interest to work with a professional...

March 2015 Cincinnati & Northern Kentucky Real Estate Market Report

Cincinnati Real Estate Market Report & Northern Kentucky Real Estate Market ReportCincinnati Real Estate Market & Northern Kentucky Real Estate Market Report

Want to know what happened during the March 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 March 2015 Cincinnati-Northern Kentucky Real Estate Report.  With the warm up in temperatures the activity in housing has also picked up.

Cincinnati, Ohio - Hamilton and Clermont Counties

In March there were 834 homes that closed during the month for Hamilton County and 208 homes that closed for Clermont County.  Homes that went pending in March were 1064 for Hamilton and 290 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 $235,435.00 with an average selling price of $173,838.00.
    • Hamilton County homes during the March time frame were on the market (Days on Market) for an average of 95 days.
    • There are currently 3,355 homes available for sale in Hamilton County.
  • The average listing price for homes in the Clermont County area was $216,644.00 with an average selling price of $181,478.00.
    • Clermont County homes during the March time frame were on the market (Days on Market) for an average of 86 days.
    • There are currently 806 homes available for sale in Clermont County.

Northern Kentucky - Boone, Campbell & Kenton Counties

In March there were 156 homes that closed during...

10 Great Tips For Selling Your Home

Picture of movie ticketTips For Selling Your Home

Unfortunately there is no all in one how to guide for selling your home that covers everything from A to Z.  There are many websites that give you bits and pieces of the puzzle on how best to sell your home.  The main reason for the lack of one size fits all advice is that each home is unique in age, construction, design, furnishings and more. That uniqueness can require a different approach in order to best help that particular home.  What may work for one home may not necessarily be applicable to other homes.  For example a brand new home or one that is only a few years old may not need new paint, carpeting or mechanical upgrades whereas a home that is 20 years old may need some TLC to have it look its best during showtime.  So with this list of 10 Great Tips For Selling Your Home I present some general tips that should apply to any home to help you get the best value in your sale.

Tip 1. Proper Home Pricing

Pricing your home according to Cadillac standards when all your neighbors own Chevy homes is bound to lead to failure.  Generally it just won't work.  Even if your home does have Cadillac features compared to everyone else in your neighborhood that does not mean buyers are ready to pay the Cadillac price in a Chevy neighborhood when one town over they get a Cadillac home in a Cadillac Neighborhood.  So if the pricing of your home is out of line with that of your neighbors you will face a long road ahead trying to sell that home.  In my post How To Price Your Home To Sell I cover the best ways to price your home that will...

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