Via Mike Carlier ABR CRS GRI (MarketLink Realty):
When counseling buyers, we discuss what is important to them in finding a new home. We also discuss what is important in getting a good home at a great price. In my opinion, three important traits of a potentially good buy are:
1. Overpriced. A home priced just out of its market range will get few showings and fewer offers. If the seller can afford tosell at a market, our offer may be the only one they see. There is a fair chance that, if the offer is presented properly, they will accept it.
2. Unusual paint colors. Any color that causes a potential buyer to focus more on the walls than the house will send many quickly to the next showing appointment. My advice to my clients is to expect to see, and learn to love homes with ugly colored walls. Much of your competition has moved on, and about a hundred bucks worth of paint will fix it.
3. Clutter. Wading through piles of the owners' "stuff" is annoying, and too much furniture makes the place look like an overstuffed dollhouse. The home looks unattractive, and it will be passed over by many potential buyers. That's great for us. Fewer potential offers put us in a much better bargaining position, and we know that all the stuff will be gone by the time we take posession of our bargain home.
With holidays just around the corner, tis the season with a new local business. They offer Homemade Goodies for all occassions.
Custom Wedding/Birthday/Specialty Cakes, Cookies, Buckeyes, and many other irresistable treats.
They just did a specialty Hannah Montana birthday cake for my daughter this past week. It was absolutely beautiful and delicious.
They've been providing goodies for years for family and friends but have recently launched "Spoon & Spatula".
Visit their website at www.spoonandspatula.com or call them at 614-837-8142 or 614-837-6817 to discuss your homemade goodie needs.
| KEY CONSIDERATIONS IN CHOOSING YOUR NEIGHBORHOOD
Where do you want to live? The answer depends on your wants, needs and your budget. Think about your current lifestyle, the amenities that are most important to you, and the kind of community you want to be a part of. For many people, the community they live in is just as important as the actual house itself. Since every neighborhood has its own assets and liabilities, start with the basics. Your REALTOR can search for homes in those neighborhoods that you find desirable and would feel comfortable in. What types of neighborhoods appeal to you? Do you prefer quiet suburban communities, downtown city living or a rural country setting? Each is unique and has its own advantages. Being realistic about your needs and the characteristics you desire in a community are important in identifying the areas you want to live in. Based on this information, your REALTOR can arrange for you to look at homes in those communities that appeal most to you.
Neighborhood Trends Pay close attention to what's going on in the neighborhood. If the neighborhood is going downhill, buying a home there could pose problems later down the road when you want to sell. On the flip side, if it's in an up-and-coming neighborhood, buying a home there could be a smart move. Commute Time and Proximity Take into consideration proximity of the neighborhood in relation to other key areas of your life. Is it important to be close to Schools? Family? Friends? Work? Amenities In the Area Think about the amenities available in the community. Is it important that you can walk to a local carryout or grocery store? Do you want to be close to parks and schools? Are there shopping malls and recreation centers in the area? These are all important questions to ask when deciding on a neighborhood. Your REALTOR can provide you with information on the amenities available in each community. Neighborhood Demand Look at the neighborhood demand by asking your REALTOR whether the gap between the list price and sale price is decreasing, what the average sales price over the last several years has been, the number of homes currently on the market in the area, the number of homes that did and did not sell in the neighborhood, etc. Your REALTOR can provide you with valuable information to help you determine if a neighborhood is the right one for you. Profit Potential Looking to the future, most homeowners decide to sell at some point. In order to protect your hard-earned dollars and your investment...Your Home...you want to make sure it has profit potential. Therefore, when evaluating a neighborhood, you have to evaluate the resale potential of the homes there A stable neighborhood, where property values at least remain stable, is generally a good choice. A neighborhood where property values are on the rise is even better. Consider neighborhoods with a high percentage of owner occupants, a small number of renters, good proximity to a variety of shops and stores, a shorter than average timeframe for homes to be on the market before selling, convenient commuting options to metropolitan areas, etc. In general, look for are stable or may be "Hot" in the next few years. Although there is no crystal ball to see the future, your REALTOR can provide general information about the potential resell value of a neighborhood. Other considerations include:
You want a community that you can feel good about and call home, and one that buyers will want to live in when you are ready to move on. |
Related Articles:
It's a GREAT Time to Buy in Central Ohio - 8 Reasons to Buy a Home
1. Columbus is named one of the most AFFORDABLE places to RETIRE, according to U.S. News & World Report (October 2009)
2. Delaware County ranked #8 in the U.S. for the YOUNG & WEALTHY population nationwide (defined as 25-34 year olds, making over $100K annually), according to NielsenWire (September 2009)
3. Columbus is on top 10 list of cities across the country when it comes to Best Places for FINDING A JOB (August 2009)
4. Columbus made the Best Places to RAISE KIDS out of 52 cities across the nation, according to BusinessWeek
5. Ohio had the most cities on the list of top 30 nationwide that are the most WIRED (broadband connected), according to Forbes.com (January 2009)
6. Columbus is names as one of the top 100 PLACES to LIVE, according to RelocateAmerica (July 2009)
7. Columbus ranked #7 on Sperlings BestPlaces list of MANLIEST cities in the U.S.
8. Columbus is ranked the 8th Most STABLE market in the U.S., according to PMI Mortgage Insurance Corp.
Remember, not only do you have 8 great reasons to buy in Columbus, but you also have the HOMEBUYERS TAX CREDIT that is still available to FIRST TIME buyers for $8,000 and even MOVE-UP repeat home buyers FOR $6,500.
INTEREST RATES continue to be low, with an average of 5.06% for a 30year fixed loan, according to Bankrate.com.
Related Article: Buying a Home in Central Ohio
If you or someone you know is considering a move, call me a call today at 614-755-9566 or visit us online at www.columbushomes4sale.com
BUYERS PULL UP IN TAXI. Ok...the cash for clunkers car program is no longer, but we do have the home buyers tax credit extension and move up buyer credit now. Are home buyers really just following the money? I ask this question because of a funny incident the other day.
In this one neighborhood that I keep my eye on, there is one home that has been on and off the market for several years now. Priced at well over $200K in a normal market. Now it's vacant and bank owned and listed for $150K.
As I was driving the neighborhood one day, these 2 very nice looking cars pulled into the driveway and then a Taxi Cab pulled into the driveway. They were all there for a showing on the home.
There could be quite a few explanations for this. But can't say I've ever seen a Buyer or a Realtor show up for a showing in a Taxi.
What do you think? Are homebuyers following the money?
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