Contact Team Annett: (p) 513-527-3060 (e) teamannett@gmail.com
There are several reason’s why a closing may not occur on time, or even at all. Here are some of the main obstacles that may delay your deal:
I can’t even tell you enough how important it is to keep your home listed through the holidays. As a buyer’s agent, I have seen the inventory dwindle since the beginning of October, leaving a limited number of homes for sale that fit my buyers criteria.
If your home has been on the market for months (three to six) and the price was already reduced, you are probably beginning to wonder how much lower you can go. A potential buyer may come along and present a low-ball offer, which can be 10 percent or more below the list price and involves some sort of strategic negotiations. Before slamming the door on such an offer, review these helpful tips from Team Annett:
Real Estate is looking good! The following press release was sent to the local media on April 22, 2010 by the Cincinnati Board of Realtors:
It’s official! After months of delays, the government’s Cash for Appliances program begins in Ohio this Friday, March 26.
Sellers who get more than one offer should be aware that the highest offer isn’t necessarily the best offer, say experienced practitioners.
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It’s all about family togetherness – casual living, entertaining and flexible spaces,” says Carol Lavender, president of the Lavender Design Group in San Antonio. Paul Cardis, CEO of Avid Ratings, which conducts an annual survey of buyer preferences, identified these must-haves in new homes:
There’s happy news for current homeowners: If you intend to sell your home and buy another in 2009 or 2010, you may be eligible for a federal tax credit of up to $6,500. This is all a part of the Extended Home buyer Tax Credit legislation, passed in November 2009.
According to the 2009 Remodeling Cost vs. Value Report – Realtors® report that the smartest home improvement investments may also be some of the least expensive. Results show that small-scale exterior projects are the most profitable at resale.
An update from FHA was released on Friday January 15th, 2010, regarding the 90 day regulation on the resale of a purchase property. Effective February 1st 2010, FHA/ HUD will not require that a seller of a property be on title for 90 days or more in order to sell the property to a borrower acquiring FHA financing. This is an incredible opportunity for many buyers in today’s market who require a loan with a 3.5% down payment - especailly first time home buyers. The change will take effect for a period of one year.
