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  • Should I Trust Zillow to Determine My House Value in Cincinnati & Dayton

    Should I Trust Zillow to Determine My House Value in Cincinnati & DaytonAn old adage in real estate sales is “your home is worth what someone is willing to buy it for.” This suggests that there are many different factors, some arbitrary that go into the valuing of a home.

    In today’s internet savvy world, many look to industry leader Zillow for information. But the questions is, “Should I Trust Zillow to Determine My House Value in Cincinnati & Dayton?”

    No.

    Don’t trust Zillow for valuing your home.  Here’s why.

    Should I Trust Zillow to Determine My House Value in Cincinnati & Dayton

    Zillow’s Margin for Error

    Zillow has been reported to average anywhere from 18 to 20 percent higher or lower in home estimates. There are even reports of home values on Zillow climbing in declining market areas.

    Let’s think about this for a second. For a $200,000 home, a 20 percent deviation is $40,000. For higher-priced markets like Los Angeles or Miami, a $1 million home could see unrealistic estimations varying from $180,000 to $200,000 or more. That’s a huge difference in pricing.

    Zillow estimates could discourage potential buyers who might think a home is well out of their price range while giving sellers an unrealistic idea of a selling price point. In the end, this is the starting point of many disagreements homeowners are having with selling agents regarding properly pricing a home.

    Simply put: homeowners see the price on Zillow and think that is the starting point for their home.

    How Does Zillow Create Estimates

    Zillow calls its proprietary estimating tool a “Zestimate.” Even with all the pricing factors placed into the formula, there is still a high margin of error because Zillow isn’t actually looking at your home.

    The proprietary formula looks at the market pricing in the area. It will factor in the size of the house, the lot and all features of the home including the number of bedrooms, bathrooms, pools and highlighted features. However, even Zillow will say this is a starting point for a true valuation of your home and should not be considered an appraisal or true value.

    The reason is the information Zillow uses is reliant on accessing public records and user input such as realtor sales. However, Zillow cannot discern if your home is the dilapidated eyesore in the community or the completely redone and upgraded home everyone is envious of.

    Additionally, Zillow doesn’t discern community pockets. These are very common in larger cities where you can have higher end community just blocks from a mid or lower-end one. These “pockets” can skew or be skewed by larger metro data that Zillow factors in that aren’t pertinent.

    The More Accurate Model

    Any professional realtor will tell you that pricing a home to sell requires a full understanding of the home itself, the location and current market trends in that area. In fact, most realtors look at Zillow pricing with a bit of disdain because it does make pricing and managing realistic client expectation more difficult.

    A realtor will take a look at sales in the pertinent area, creating a radius based on your pocket rather than an entire zip code.  He will then compare your home based on size, features, and upgrades to those homes that were recently sold, thus appraised, in the previous 3 to 6 months. This range is contingent on how hot the real estate market is in the area.

    He will then compare this information to existing homes on the market, looking at how your home compares to what else buyers are seeing on the market. After all, if yours is a well-kept home being sold next to a completely remodeled home, you might not be able to get the same price per square foot at the other.

    Additionally, realtors will consider whether it is a buyer’s or seller’s market. If you want to create a frenzy with a lot of eyes on your property in a seller’s market, you can underprice the home and let the bidding begin. This tactic works in many markets including Cincinnati & Dayton.

    IF YOU ARE LOOKING FOR A FAST WAY TO SELL YOUR HOME, GIVE US A CALL AT OR FILL OUT OUR ONLINE FORM TODAY!

  • What Should I Budget for if I Sell My House on My Own in Cincinnati & Dayton

    What Should I Budget for if I Sell My House on My Own in Cincinnati & DaytonYou’ve decided to sell your house on your own, and you realize there will be some costs involved. So, wisely, you’re now asking: “What should I budget for if I sell my house on my own in Cincinnati & Dayton?”

    The answer may surprise you.

    It is true that home prices are rising in quite a few markets nationwide. It may also be the case that your home has appreciated considerably over the years. But before you count your profits, you’ll need to factor in these obvious and not-so-obvious costs of selling your house.

    What Should I Budget for if I Sell My House on My Own in Cincinnati & Dayton

    Commission Fees

    Let’s get this one out of the way right off the bat. A lot of sellers think that in a hot market they can sell a house themselves and thus avoid the standard commission fees. But the truth is otherwise. Even if you sell your house on your own, you still have to pay the buyer’s agent’s brokerage fees.

    Repairs

    Most buyers aren’t interested in a house that has problems – and most houses have some kind of issues. Most of the time, most sellers have to do some repairs before they put their house on the market. And if the maintenance has been allowed to lapse, these repair costs can be fairly substantial. A new roof, for example, can set you back by as much as $20,000.

    Landscaping

    Curb appeal is of utmost importance: it’s what gets potential buyers to stop and then come in the door. And landscaping is the number-one improvement that most enhances curb appeal. The cost of a thorough, full-blown landscaping job performed by a professional landscaping service runs, on average, just a little over $3,000.

    Staging and Photography

    Many people – when asking, “What should I budget for if I sell my house on my own in Cincinnati & Dayton?”  – often neglect to factor in this expense. But if you don’t want your house to sit on the market for months on end, you probably shouldn’t neglect staging and professional photography.

    Staging involves setting up and arranging your home so that it appears as appealing and inviting as possible. And then to display the staging in online listings, which is where a large percentage of buyers begin their search, you will likely need some professional photos, ranging in cost from $500 to $1,000.

    Utilities

    If you plan to move out of your current house into a new home, you can’t just shut the utilities off in the home you vacate and intend to sell. Buyers absolutely do not want to walk through a cold (or sweltering) and dark house. (Also keep in mind that if you turn off the electricity and air conditioning during the summer, you run a high risk of developing a mold problem.) So, at the least, you will need to keep the electricity on and probably the gas as well in the wintertime. If the house is one you’ve been living in, then you already know what it will cost you to keep the utilities on.

    Capital Gains Taxes

    And then there are capital gains taxes. If your house has appreciated quite a bit, you may have to pay this tax (which is based on the difference between purchase and sale prices, minus the cost of documented improvements). There are, however, some pretty generous exemptions, but just bear in mind that Uncle Sam may take a cut.

    So if you’re wondering, “What should I budget for if I sell my house on my own in Cincinnati & Dayton?” you now know the answer is . . . quite a lot, actually.

    But we can offer a fast, easy solution that may allow you to keep more of the sale price. Contact us by phone at or fill out the form to discover more.

  • What Chances Do I Have When Selling My Home on Craigslist in Cincinnati & Dayton

    What Chances Do I Have When Selling My Home on Craigslist in Cincinnati & DaytonWhen we have something we need to sell, where’s the first place we usually turn? Craigslist, of course. But in this case, you have a house for sale. So you’re most likely asking this question: “What chances do I have when selling my home on Craigslist in Cincinnati & Dayton?”

    What are your chances, then? Well, they can be pretty good actually. After all, Craigslist gets 50 billion page views every single month. But you have to get some critical elements of your ad exactly right.

    What Chances Do I Have When Selling My Home on Craigslist in Cincinnati & Dayton

    Headline

    Eight out of 10 people will read the headline of a piece of website content, but only two of those 10 will go on to read the rest. In addition, six of 10 social media users who share a link never actually read the article whose link they shared. The point? You simply have to get the headline of your Craigslist ad exactly right.

    You need to write a compelling headline, but you should never lie about your home or exaggerate its features. One effective tactic is to use numbers, especially odd numbers. Here’s an example: “5 Reasons You Should Check Out My Ranch-Style Home in Cincinnati & Dayton (Hint: Number 3 Is Five Minutes From Shopping and Schools)”  Just make sure you give them a reason to take the next step and click on the ad.

    Body

    Now, in the body, you have to make good on the promises you hinted at or made in the headline. Just keep it simple, using brief paragraphs, lots of space, and lists where appropriate.  And, of course, don’t make the offputting mistake of using poor grammar or run-on sentences or misspellings. People often equate the quality of the ad copy with the quality of the item for sale.

    Also, make sure you include all the relevant keywords your target shoppers might be searching for. Craigslist serves up ads based on what people type into the search bar. If you feel that your ad isn’t getting the traffic it should, try experimenting. Change the text and try some different keywords in different places.

    Pictures

    Pictures are just as important as the actual ad copy for selling a home on Craigslist. Most people, though, make the images too large, which not only looks unprofessional but makes the page take longer to load. Most people just hit the back button if a page’s loading time is too long.

    Take pictures of entire rooms or areas, not of single items or appliances. If an appliance, say, a refrigerator, has been recently updated, you can include that fact in the body of the ad copy.

    If you use a digital camera, make sure not to leave the date and time stamp in the bottom right corner of the image. Besides giving it a slipshod, amateurish look, it also dates the picture, which can be a drawback if the house sits on the market for any length of time.

    Posting Times

    Many of the Craigslist experts advise posting an ad between 10:00 am and noon on weekdays. After 5:00 pm on weekdays also works well (which is what I would do if I were selling my home in Cincinnati & Dayton on Craiglist – in order to present a fresh ad to all those shoppers browsing Craigslist right after they get home from work.) And if you wait until the weekend, morning is the recommended posting time.

    Selling my home in Cincinnati & Dayton on Craigslist? It’s a real possibility if done right. But if on the other hand, you don’t want to bother with all that after all, we have a much easier solution for you.

    WANT TO LEARN MORE ABOUT SELLING YOUR HOME EFFICIENTLY AND QUICKLY AND FOR A FAIR PRICE? CONTACT US BY PHONE AT OR FILL OUT THE FORM ON OUR WEBSITE.

  • Cash For Houses – How To Sell Your House Fast For Cash In Cincinnati & Dayton?

    Cash For Houses – How To Sell Your House Fast For Cash In Cincinnati & DaytonIt happens for all kinds of reasons: divorce, job layoff or relocation, or mortgage payments just becoming too much to handle. Whatever the reason, you are now in the position of needing to sell your house fast for cash in Cincinnati & Dayton.

    You need, then, to market your house to people for whom buying a house with cash is the actual goal (not just tire kickers), get them in the door, and then close the deal. Understanding the process and knowing how to get your house ready for sale may help.

    How To Sell Your House Fast For Cash in Cincinnati & Dayton

    Title/Deed

    Generally, after locating a solid possibility, people buying a house for cash will want to make sure some kind of purchase-and-sale agreement has been drawn up. Next, they are likely to conduct a title search to make sure the title is clear, with no liens or other encumbrances. And then they will want to know what kind of deed you are offering, for example, quit claim, warranty, or special warranty.

    Offer

    If all these things are in order, the cash buyer will make an offer. A buyer offering cash will feel she has more bargaining power because the sale doesn’t depend on a third-party loan and the inevitable wait. You can always make a counteroffer if the first offer doesn’t suit you.

    Inspection/Appraisal

    If an offer is accepted, the person buying a house from you will then want an inspection and possibly an appraisal done to make sure there are no huge problems and that she is getting her money’s worth.

    Close

    Since this is a cash deal, you and the buyer can set the closing date for a time convenient for both of you, usually much sooner with a cash deal. You simply show up at a notary’s office with pen and cashier’s check in hand.

    Here are some steps you need take before attempting to sell your house for cash. 

    Price

    Pricing your house right is probably the best step you can take toward making a fast sale for cash because it’s what gets people to consider your house in the first place. If your price too low, buyers will think something is wrong with the house, and a too-high price may make it sit unsold for a long period with the same result. It pays, then, to check out comparable house values in the area and price accordingly.

    Curb Appeal

    This is what creates that critical first impression and gets them to stop and come in the door. So sprucing up the yard and the house’s exterior are definitely worth the time and expense involved. And it doesn’t take a lot, really – maybe just some lawn clean-up and minor landscaping, a little roof repair, touching up paint, and dressing windows.

    Deal Sweeteners

    It always pays to sweeten the deal to make it more attractive for buyers. The tried-and-true principle of reciprocity tells us that people are willing to give more (sale price) if they feel they are getting something in return (the deal sweeteners). For example, you could offer to pay some or all of the closing costs, or you could offer to provide a transferable home warranty, which would cover, say, major appliances and/or the HVAC systems.

    If you need to sell your house fast and are looking for someone buying your house, these tips and steps will help you close a cash deal. But there’s, even more, you can do to get a better cash offer and expedite the sale.

    TO LEARN MORE! SELL YOUR HOUSE FAST FOR CASH IN Cincinnati & Dayton, CONTACT US BY PHONE AT OR FILL OUT THE FORM.

  • What Are the Tax Consequences When Selling a House Inherited in Cincinnati & Dayton?

    What Are the Tax Consequences When Selling a House Inherited in Cincinnati & Dayton_The tax consequences when selling a house inherited in Cincinnati & Dayton can be hard to understand and untangle much of the time.

    The relevant laws may seem fairly simple at first glance, but they get complicated when you factor in all the legal conditions and nuances. The short version is that if you made gains, you’ll owe taxes, and if you had a loss, you may have a tax deduction.

    But then it gets complicated because whether you made a profit or had a loss also depends on when the decedent died and the use you made of the house.

    What Are the Tax Consequences When Selling a House Inherited in Cincinnati & Dayton?

    Capital Gains or Losses Taxes

    The tax consequences when selling a house inherited in Cincinnati & Dayton include being subject to capital gains taxes. Capital gains or losses are those that stem from the sale of items you use for personal or investment purposes, such as stocks or a house. So for income tax purposes, the sale of an inherited house in Cincinnati & Dayton is treated as a capital gain or loss.

    The catch with selling an inherited house is that a gain or loss is considered a long-term gain or loss. Further, losses on personal property cannot be claimed as a tax deduction. So if you ever used the inherited house as your personal home, it became personal property, and you can’t deduct a loss if you sell it.

    Reporting the Inherited House

    In some cases, the executor has to file an estate tax return to report the inherited house. But this is only if the estate exceeds the inflation-adjusted exemption amount.

    The determination of the gain or loss on a house sale depends on the “basis” of the house. As the basis goes higher, the taxable gain from a sale decreases. There are, however, different rules for the sale of an inherited house that allow for a special stepped-up basis.

    “Basis” Determination

    The basis of the house depends largely on when it was inherited. In general, the basis is the fair market value on the date of the decedent’s death. What this means is that the capital gains taxes you owe are based on gains above the property value at the time of the decedent’s death – not what the decedent paid for the house.

    If you never lived in the house and if it sells for less than what the fair market value was at the time of death, then you have a deductible loss. Just be aware that only $3,000 of such losses can be deducted each year against your ordinary income. Anything above that $3,000 will have to be carried over as deductions in future years.

    Reporting Sale of the Inherited House

    Obviously, when you sell an inherited house, you have to report the sale (and gains or losses) when you file your income tax return. To calculate the gain or loss, you have to subtract the basis from what you received for the sale.

    To report the gain or loss, you need to use the standard document for this purpose, the IRS Schedule D. You also have to include the gain or loss on your personal Form 1040 tax return. And make sure you use the Form 1040 (and not the Form 1040A or Form 1040EZ) for the year in which you sold the inherited house.

    The tax consequences when selling a house inherited in Cincinnati & Dayton can be complex and difficult to understand at best.It’s usually a good idea to find a professional to help you navigate the tax waters.

    We’re ready to help you reach your real estate goals and will be glad to answer any and all questions. Contact us by phone at or fill out the online form.

  • The Probate Process for a House in Cincinnati & Dayton – How to Avoid Getting Scammed

    probate process for a house inProbate is simply the process of administering a decedent’s estate. Most of us have heard the stories about how long and headache filled the probate process usually is, and we dread it when we actually have to face it.

    The reality, though, is that done right, the probate process for a house in Cincinnati & Dayton can be as simple as four easy steps. The flip side is that both the dread and simplicity often open people up to certain probate scams. Let’s take a look.

    The Probate Process for a House in Cincinnati & Dayton – How to Avoid Getting Scammed

    Probate Process for a House in Cincinnati & Dayton

    Without the right kind of trust in place, probate usually follows a person’s passing. Probate is the process by which the decedent’s debts are settled and his or her property (held on his or her name alone and not otherwise legally distributed) is transferred to beneficiaries and heirs.

    Typically, the probate process follows four steps.

    1. The first step involves filing a petition with the probate court to admit the will and appoint an executor or, if there’s no will, to appoint an administrator of the estate. A hearing date is set, and notice of the hearing is published locally.
    2. After being appointed by the court, the decedent’s personal representative gives notice to all creditors, and an inventory of the estate is made.
    3. After determining which claims are legitimate, the personal representative pays all expenses, debts, and taxes from the estate. Sometimes, this involves selling estate assets to meet obligations.
    4. Assets (legal title to a house, for instance) are disbursed according to the decedent’s wishes expressed in the will or, in case there is no will, according to the state’s intestate succession laws.

    And that’s it for the probate process for a house in Cincinnati & Dayton and for the entire estate as well. Just be wary about any scams that may pop up along the way.

    Common Probate Scams

    These are some new twists on old scams that owe their re-birth (and effectiveness) chiefly to the Internet and email. They always, however, target the vulnerable.

    1. Probate Avoidance Scam – The perpetrators of this scam usually target the elderly. It involves persuading victims to buy fraudulent products that purport to help them avoid probate, for example, a very expensive living trust kit. Once the scammers have the money in their hands, they either never deliver or provide a product that is actually legally useless.
    2. Inheritance/Estate Tax Scam – Some states still levy an inheritance or estate tax. Using a trusted person’s or organization’s name, scammers contact potential executors/personal representatives informing them that they stand to inherit a bunch of money. The only catch is that – because in these states the tax must be paid before probate can go forward – the victims must first send the scammers an inflated tax.
    3. Fraudulent Listings Scam – This one owes its effectiveness to the popularity of sites like Craigslist for home shoppers, especially renters, and applies particularly to the probate process for a house in Cincinnati & Dayton. Scammers research the property of recently deceased individuals and advertise it for rent. Then, when the scammers collect the deposit and first month’s rent, they disappear, leaving the people engaged in probate to deal with the upset victim.

    If you’re facing probate, especially the probate process for a house in Cincinnati & Dayton, it’s probably not as ominous and frightening as it first seems. Knowing what it involves and being aware of the common probate scams are good first steps – but there’s more to consider.

    If you’d like to learn more about probate and how to get through it smoothly, contact us by phone at or fill our simple form.

  • What Can Go Wrong When You Inherit a House in Ohio

    what-can-go-wrong-when-you-inherit-houseIf you’ve suddenly inherited a house, you may not be prepared for the questions and issues that can arise. And if you make the wrong decisions, you will likely encounter financial, emotional, and family problems before long.

    Forewarned is forearmed, they say, so here’s some of what can go wrong when you inherit a house in Ohio.

    What Can Go Wrong When You Inherit a House in Ohio

    You May Owe More Taxes than Anticipated

    Most people don’t have to worry about estate tax because of the very high exemption (in the millions), and the estate tax was even temporarily suspended on 2010. But also mostly suspended in 2010 was the step-up provision. So in considering what can go wrong when you inherit a house in Ohio and when you intend to sell it, you need to consider the stepped-up capital gains situation.

    The step-up provides that you pay capital gains taxes only on the gains above the fair market value at the date of the decedent’s death. It has nothing to with the price the decedent paid for the house – unless the step-up falls in one of the years when it was changed. In that case, you may owe a lot more in taxes than you bargained for.

    The Mortgage May Be Bigger than You Thought

    Generally in the past, when an elderly parent or relative passed, the mortgage on their house was paid off. These days, though, it’s common for elderly people to take out a reverse mortgage on their home to supplement insufficient retirement funds.

    You need to be aware, then, that a reverse mortgage cannot be assumed by heirs. And in the case of a standard mortgage, you can assume the mortgage only if you live in the house yourself. So if you intend to rent the house, you may have to refinance it in your own name.

    The House May Need Repairs and Upgrades

    With respect to what can go wrong when you inherit a house in Ohio, this one may be the most costly. Most of the time, people inherit a house from a deceased elderly parent or very close relative. Besides not having the physical ability to perform maintenance and upgrades, many elderly people don’t have the money for it either. And if they do, they may simply choose not to because they know they won’t be living in the house very many more years.

    If you plan to live in the inherited house, this may not be a huge concern. But if you intend to rent it or sell it, you’ll have to make repairs to make it presentable and upgrades to bring it up to code and meet other legal and insurance requirements. Installing a new HVAC system or re-wiring the house will involve a big chunk of money.

    You May Have Problems with Relatives and Joint Heirs

    But what if you’re not the only heir? That can be a problem. Suppose you and your siblings inherited the house jointly. If you want to sell it, your brother may want to rent it, and your other brother, to live in it himself. You can see what a powder keg waiting for a spark this is.

    In most states, joint heirs of a home are considered tenants in common, and one heir can force a sale if it comes to that. The process, however, is expensive, and the emotional and familial consequences are likely to be highly unpleasant.

    So what can go wrong when you inherit a house in Ohio? Quite a lot, actually, if you’re not up to speed on tax laws, mortgages, and upgrade issues.  It is best to contact a qualified professional to help head off these issue quickly.

    We’re ready to help you reach your real estate goals and will be glad to answer any and all questions. Contact us by phone at or fill out the online form.

  • Can A House Be Sold While In Probate In Cincinnati & Dayton Ohio?

    Can A House Be Sold While In Probate InThe answer to the often-asked question “Can a house be sold while it is in probate in Cincinnati & Dayton Ohio?” is “Yes.”

    But you must adhere carefully to your state’s pertinent rules and regulations. The probate court will monitor every step and all aspects of the sale, and if you’re the executor, you, too, must monitor and approve all the terms of the sale. It can be a complex process, but understanding it will make things a little smoother.

    Can A House Be Sold While In Probate In Cincinnati & Dayton Ohio?

    Appointment of Administrator/Executor

    If the decedent’s will designated a specific person as the executor and that person is willing to act in that capacity, then he or she is officially appointed as the executor. If on the other hand, no one has been designated as executor in the will, then the court and/or other relatives will appoint a near relative to act as administrator.

    Appraisal

    The next step is to have the property appraised. But you must make sure the appraiser you choose is a licensed, reputable appraiser. The property must sell at a price that is at least 90% of the appraised value, so you need an appraiser who can get it right.

    Sale

    This is the step where the answer to “Can a house be sold while it is in probate in Cincinnati & Dayton Ohio?” begins to become a reality. And you’ll start by having your agent list the house on a multiple listing service so that buyers will know it’s a probate sale.

    An interested buyer makes an offer along with a 10% deposit, an offer which you can accept or reject. If you do accept it, the offer is then subject to court confirmation. You must submit the offer through your probate attorney to the court for confirmation. If everyone is in agreement, then a date is set for the sale to be finalized in court.

    When the offer on the house in probate has been accepted and confirmed by the court, a Notice of Proposed Action must be mailed to all the heirs. This document states all the terms and conditions of the proposed sale. Heirs then have 15 days to review the notice and raise objections if they have any. If none of the heirs has any objections, the sale can go forward without a court hearing.

    Overbidding

    Now, here’s where it gets a little complicated. Before the court confirms and approves the original buyer’s offer, the judge will ask those present in the courtroom if any of them would like to bid on the property. If no one does, then the sale proceeds in the standard fashion mentioned above.

    If, however, there is an overbid, the original buyer’s 10% deposit must be refunded before the new sale at the new bid price can proceed. When the overbid is accepted, the new buyer must then put up a 10% deposit, which is required to be a cashier’s check. This check for the accepted overbid deposit is presented to the executor/administrator at the winning bidder’s acceptance hearing.

    Upon court confirmation and approval, a contract can then be signed. But it is a specialized kind of sale contract because it cannot have any contingencies, and escrow closes soon after the hearing, usually within 15 days.

    As you can see, there are some complicated rules for selling a house while in probate. It is advised to consider contacting an attorney for more specific help.

    We’re ready to help you reach your real estate goals and will be glad to answer any and all questions. Contact us by phone at or fill out the online form.

  • How To Sell Vacant Lots And Land Without A Realtor In Cincinnati & Dayton

    Do you have land to sell in Cincinnati & Dayton? If you own land but don’t want to sell it through a real estate agent then make sure you read this blog post to help you know how to sell vacant lots and land without a Realtor in Cincinnati & Dayton.

    If you are a land owner in Cincinnati & Dayton or surrounding area, and if you’re thinking about selling it then you’ll want to know what your options are.

    Some people choose to sell their land through a real estate agent (also known as a Realtor) but this is not the best choice for everyone. An agent might be able to find a buyer (but might not) and you’ll have to pay them a hefty commission at the end.

    How to sell vacant lots and land without a Realtor in Cincinnati & Dayton

    Market your land

    Make people aware that you’re selling it. Post it for sale on classified ad sites, in local newspapers, on Craigslist, on your social media, and even on posters that you put up around town. And make sure you stay on top of your marketing because people need to see something a few times before it really registers in their mind! Make sure you post the details, including size, location, price, and your contact information. It’s also helpful to give people some ideas of what the property is best used for.

    Show your land

    How To Sell Vacant Lots And Land Without A Realtor When someone contacts you about your land, make arrangements to show it to them. You may or may not want to be there when they’re looking, but it might be helpful if you walk them through it and show them various features of the property and answer their questions. This will also help you hear directly from potential buyers so you can know what’s important to them, which could help you as you market your property.

    Negotiate and close

    When you meet someone who is interested in buying, invite them to make you an offer. Remember: no price is final; you’re each sharing your starting point and then trying to find ways to meet in the middle, which could include lowering the price, adjusting the terms, or providing some other kind of incentive to the deal.

    Keep it legal!

    One of the reasons why people sell through an agent is because the agent can help negotiate the challenging parts of the contact and ensure all parties are protected. You’ll want to carefully research your obligations and requirements before you commit to anything.

    If this seems time consuming, did you know there’s another way to sell? If you want to know how to sell vacant lots and land without a Realtor in Cincinnati & Dayton you might be glad to know that there’s an even easier way to sell: you can sell directly to us here at Ohio Cash Buyers LLC. We buy vacant lots and land directly from buyers (we’re not going to list it like a Realtor would – we actually want to buy).

    To find out how much we can pay for your vacant lot or land, click here now and fill out the form or call our office at

  • Who Pays When Selling Land In Cincinnati & Dayton

    Are you thinking about selling land in Cincinnati & Dayton? If so then you might be wondering this common question: who pays when selling land in Cincinnati & Dayton. In this article, we’ll reveal the surprising answer.

    When people think of selling land, they think of handing over the deed and accepting a check for the property. Makes sense. At first you might think that the buyer pays the seller. But that’s not really how it works and you might be surprised at who pays when selling land in Cincinnati & Dayton…

    Who Pays When Selling Land surveying

    If you’re the seller, you’ll have to pay first! You’ll probably have to pay for a survey or a site analysis, or for a geologist to look at your property and tell you what potential it has.

    Then you’ll work with a real estate agent to try and sell the property. There will probably be additional expenses that you’ll have to cover while the agent tries to find a buyer. For example, you’ll have to pay any mortgage, bills, taxes, and insurance on the property in the months that the agent is looking for a buyer.

    When an agent finds a buyer, then you may need to work with a lawyer, a title company, and potentially others as well to complete the paperwork. Yes, YOU are paying for all of this the entire time.

    Once the paperwork is complete, you will get the money for the property – after your mortgage is paid off and any liens are taken care of). That money might either come from the buyer themselves (if they’re paying cash) or it might come from the buyer’s bank (if the buyer had to get a mortgage to buy the properties).

    But your paying is not over yet! Once it’s all said and done, you’ll also have to pay the agent’s commission… and that typically comes out of your pocket.

    So, to answer the question, “who pays when selling land in Cincinnati & Dayton,” the answer is that you’ll pay over and over and the buyer or their bank will pay you once.

    A lot of sellers are realizing that this is not the best way to sell, especially if you don’t have the cash in hand to cover those expensive up-front costs. Sure, it’s nice to gamble on the possibility of getting a higher selling price (although you might not get what you’re asking for the land); it’s no wonder why so many sellers are looking for a faster way to sell land – by getting a fast cash offer and bypassing all of the costly and complicated steps, above.

    If you want to sell land in Cincinnati & Dayton but don’t want to pay all those costs, why not just see how much we’ll pay for your land? Click here now and fill out the form or call our team at .