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Category: sellers

  • Short Sale vs. Foreclosure – What’s the Difference?

    Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties.

    What Is A Foreclosure In Cincinnati & Dayton OH?

    In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you stop making your house payments… your lender has the right to foreclose on your property so they can attempt to recoup their money that was lent to you. 

    A home is typically foreclosed on when a borrower fails to make mortgage payments. The lending institution assumes ownership and possession of the property, evicting the borrower. These properties are then sold at auction or more traditional means utilizing the service of real estate agents. A foreclosure can damage the credit rating of a borrower, and make it very difficult to obtain a mortgage for many years.

    Depending on the state that you live in… a foreclosure can work in different ways. Check out the foreclosure process information over here at the HUD Government website.

    What Is A Short Sale?

    In a short sale, the home is still owned by the borrower.

    The definition of a short sale is… “A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens’ full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt” (source: Wikipedia)

    In some cases, a short sale is an option agreed upon by borrowers and lenders. In a short sale, the home is sold for less than the outstanding balance of the mortgage. The unpaid balance (known as the deficiency) may or may not still be owed by the borrower.

    This option typically takes some time, as a few different lending institutions may own the mortgage. All parties who have a stake in the property must agree to the terms of the sale, and a potential deal could fall through if even one lender doesn’t agree.

    Short Sale vs. Foreclosure – Your Options

    While both options can have ramifications, a short sale often has less of an impact on the borrowers creditworthiness. A foreclosure could impact a borrower’s credit score by 300 or more points, where a short sale may only dent the credit score by 100 points.

    Borrowers who are foreclosed on are often ineligible to purchase another home for 5-7 years with a traditional mortgage, where under certain circumstances, a short sale borrower can purchase immediately.

    As many Americans struggle with an economy that has yet to completely recover from the 2008 crash, folks are having a hard time making monthly mortgage payments. Choosing between being foreclosed and initiating a short sale (or a 3rd option…  selling your Cincinnati & Dayton house fast  )is an easy choice for a borrower having troubles paying their mortgage on time.

    Sometimes, lenders are willing to work with borrowers to complete a short sale, to avoid the fees and time consuming process of conducting a foreclosure.

    Our suggestion is always this.

    1. Talk with your lender and discuss ways that they can work with you on your loan. We offer this service where we can help guide you in the right direction if you run into issues with your lender… just reach out to us on our Contact page and we’ll discuss your situation.
    2. Attempt a short sale or other program your lender may have that forgives part of your loan, creates a new / more affordable monthly payment so you can get back on your feet, etc.
    3. If the bank isn’t willing to work with you very much… your best option may be to sell your house. Work with a local real estate house buyer service like Ohio Cash Buyers LLC to sell your house fast for an all-cash offer. If you’re interested we can look at your situation and make you a fair offer on your house within 24 hours. Just fill out the form on our website over here >>
    4. Foreclosure. Last resort is to let the house fall into foreclosure. This is the worst possible scenario. It’ll harm your credit and you could still be left with money owed to the bank even after the foreclosure is finished.

    By knowing your options, you may be able to dodge a significant impact to your credit score, allowing you to purchase a new home when your situation improves. A foreclosure on your credit report makes that possibility extremely difficult for 5-7 years, so if you have the opportunity, a short sale can be the better option.

    Have a pending foreclosure?  We’d like to make you a fair all-cash offer on your house.

    Give us a call anytime at or
    fill out the form on this website today! >>

  • 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.

  • Listing vs. a Direct Sale to a Real Estate Investor in Cincinnati & Dayton

    Listing vs. a Direct Sale to a Real Estate Investor in Cincinnati & DaytonIf you want to sell your house, should you list it with an agent, or should you sell directly to a real estate investor? The best answer is . . . it depends. Everyone’s situation is unique, and that’s what determines the best option. So let’s look at some of the pros and cons of listing vs. a direct sale to a real estate investor in Cincinnati & Dayton.

    Listing vs. a Direct Sale to a Real Estate Investor in Cincinnati & Dayton

    Listing With an Agent

    The most popular way to sell a house is through the traditional route that involves working with a real estate agent. Agents are educated in the process, know the market, and have access to the MLS. They can target a huge market of potential buyers, will handle the marketing, and can help you get the best price.

    The primary cons of using an agent are that you will lose money in paying the agent’s commission and that the process can take a long time. Because most agents confine their marketing efforts to traditional marketing, selling your house could take anywhere from six months to a year. You will also have to endure multiple showings, and there’s always the chance that a sale will fall through because a buyer can’t get financing.

    In addition to having to pay an agent’s commission out of the sale price, sellers often wind up having to pay part or all of the closing costs to close a deal. The upshot is that the sale price isn’t really the amount of money you will ultimately receive.

    A Direct Sale To A Real Estate Investor

    For many people considering listing vs. direct sale to a real estate investor in Cincinnati & Dayton, the latter is often the better option. The chief benefits of selling directly to a real estate investor are the usual cash payment and the quick closing, often as little as just one week. Also, most investors will pay 100% of closing costs, and you won’t have to pay any commissions to agents.

    In deciding between listing vs. direct sale to a real estate investor in Cincinnati & Dayton, keep in mind that investors are buying houses in order to make a profit, either by flipping or renovating and renting. And this means that their goal is to buy discounted houses in order to realize an ROI. So your sale price when selling directly to an investor is likely to be lower than what you’d get when listing with an agent.

    Carrying Costs

    One thing to keep firmly in mind about listing vs. direct sale to a real estate investor in Cincinnati & Dayton is the carrying costs when listing with an agent. These are the costs associated with owning and maintaining a house while you’re trying to sell it – for example HOA dues, mortgage payments, property taxes, utilities, insurance, and so on.

    So although you may get a higher sale price by going through an agent, the whole process can take so long (up to a year in some cases) that your profit may be eaten up by these carrying costs. And although selling to an investor may mean a lower sale price, because it is much faster, you may ultimately walk away with more money in your pocket.

    There are both pros and cons concerning listing vs. direct sale to a real estate investor in Cincinnati & Dayton, and the best option depends on your unique situation and needs. If, however, you’re new to selling real estate, it may be difficult to make that determination.

    That’s an area where the real estate investing professionals can provide some guidance. To discover more, give us a call at

    or fill out the form.

  • Benefits of Selling Directly To An Investor in Cincinnati & Dayton

    Benefits of Selling Directly to an Investor in Cincinnati & DaytonIn general, going the traditional route to sell your house – that is, using a real estate agent, going through multiple showings, and waiting for a buyer to secure financing – will often get you a higher sale price. But it takes much longer, and you lose a good chunk of money to fees and commissions. In certain situations, then, the benefits of selling directly to an investor in Cincinnati & Dayton far outweigh the cons.

    Cash Payment

    Real estate investment companies and many individual investors have the wherewithal to pay cash when they buy a house. So if you sell to an investor, you’ll often receive a full cash payment on the closing date when the dotted lines are signed.

    Although a cash payment from an investor may be a little less than what you would receive through the traditional process, it is much faster. You also won’t have the worry of a deal falling through when a buyer can’t secure financing.

    “As-Is” Purchase

    One of the most attractive of the benefits of selling directly to an investor in Cincinnati & Dayton is that these deals are often “as-is.” An investor is often willing to buy your house in its current condition, and you won’t have to sink a bunch of money in repairs and renovations before you can sell it. Further, you won’t have to endure – or pay for – any inspections. Not only does this speed up the whole process, but it can save you some significant expenses as well.

    No Commissions

    When you sell directly to an investor, you won’t be using an agent, and so you won’t have to pay the agent’s commission. The amount you are offered for your house is the actual amount you receive at closing. If you need cash fast and need to know exactly how much you’ll receive from the sale of your house, this can be a huge plus.

    Fast Closing

    As indicated above, another of the benefits of selling directly to an investor in Cincinnati & Dayton is a fast closing. If you sell to an investment company that specializes in cash house purchases, closing can happen in as little as seven days from the time of offer. The sale doesn’t depend on the buyer getting financing or appraised value or inspections. Basically, you bypass all these things that slow down the sale process, and so it is greatly expedited.

    Foreclosure Avoidance

    For some people, this can be a huge benefit of selling directly to an investor in Cincinnati & Dayton. If for whatever reason – divorce, injury, layoff, medical bills – you’ve been unable to keep up with mortgage payments, the bank may be threatening to repossess your house. So if foreclosure is on the horizon, selling directly to an investor may be a way out for you.

    You can avoid ruining your credit and possibly even putting your family on the street. Of course, this may not be the ideal solution, but it can get you out of a seemingly hopeless situation and let you keep your dignity intact. And if you really don’t want to move out of your home, you may not have to. Some investment companies will assume the mortgage and allow you to remain in the house and rent it from them.

    Obviously, the benefits of selling directly to an investor in Cincinnati & Dayton are numerous and valuable. The problem is, though, many inexperienced sellers just don’t know how to go about selling to an investor. That’s where we can help.

    TO DISCOVER MORE ABOUT SELLING YOUR HOUSE DIRECTLY TO AN INVESTOR, CONTACT US BY PHONE AT OR FILL OUT THIS QUICK FORM.

  • Do You Need To Prepare Your House to Sell To A Direct Buyer In Cincinnati & Dayton?

    Do You Need to Prepare Your House to Sell to a Direct Buyer in Cincinnati & DaytonDifferent kinds of sales avenues, while similar in many ways, still require different kinds of marketing and variations in preparation for sale. So do you need to prepare your house to sell to a direct buyer in Cincinnati & Dayton?

    Yes, you do – sometimes, but not always. Many direct buyers will often buy a house as-is, but, generally, you don’t get the best price in this situation.

    Some basic prep work, then, may help you get a better price when selling to a direct buyer who wants to realize a good return on investment.

    Direct Buyer’s Point of View

    Very often direct buyers are real estate investors, and their sole purpose in buying a property is to make a profit. So look at your house from their point of view. Does it look a good investment? The answer to the question “Do you need to prepare your house to sell to a direct buyer in Cincinnati & Dayton?” largely hinges on that good-investment appeal.

    So, yes, doing some minor improvements and repairs can make your house more appealing to a direct buyer. Just don’t sink a ton of money into renovations. In fact, studies have shown that most of the time major renovations will not return as much as they cost for any kind of sale. So the biggest mistake most sellers make is investing way too much money in repairs and improvements – money that cannot be recouped in the sale price.

    So let’s see what you can easily and inexpensively do to make your house seem like a good investment for a direct buyer.

    Curb Appeal

    What’s the first thing a buyer sees when she looks at your house? The outside, of course. So improving the curb appeal can do a lot to make your house appear like a better deal. You could, for example, touch up the paint on the front of the house (the most visible aspect), remove personalized yard ornaments, or do some minor landscaping. Other inexpensive things you could to improve curb appeal include:

    • Installing a new mailbox
    • Installing new house numbers
    • Updating the front-door hardware
    • Staging the front porch according to the season
    • Pressure washing siding

    None of these things are very labor-intensive or very expensive, but they will help a direct buyer realize that your house may be a good deal. It will help assure buyers that the house doesn’t need any major, cost-prohibitive renovations or repairs.

    One-Room Painting

    In trying to answer “Do you need to prepare your house to sell to a direct buyer in Cincinnati & Dayton?” painting often comes to mind first. But just how extensive does the painting need to be? Not very extensive, actually.

    Even though most of the rooms in your house may need repainting, you can maximize your painting efforts while keeping the cost down by a painting only the most important, most observed room (or rooms). Generally, buyers look most closely at the master bedroom, the kitchen, and/or the entryway. Painting just one these can do a lot to make your house look brighter and well cared for. If any or all of these critical rooms and areas are bright, clean, and freshly painted, it will improve buyers’ perception of the entire house.

    Do you need to prepare your house to sell to a direct buyer in Cincinnati & Dayton? It’s probably a good idea to do some preparation at least. Just carefully plan the prep work, looking at everything from the direct buyer’s point of view, and don’t sink too much money into it.

    TO DISCOVER EVEN MORE ABOUT SUCCESSFUL SELLING TO A DIRECT BUYER, GIVE US A CALL AT OR FILL OUT THIS EASY FORM.

  • Calculating the True Value of Your House in Cincinnati & Dayton

    Calculating the True Value of Your House in Cincinnati & DaytonCertainly, paying a professional to conduct an appraisal is the best way to go about calculating the true value of your house in Cincinnati & Dayton. But you may not be at that point yet, and so the expense wouldn’t be justified. Maybe you’re just now in the early stages of thinking about selling your house. In that case, there are still some things you can do on your own to arrive at a pretty good idea of the value of your house.

    Use an Appraiser’s Eye

    It helps to understand the criteria appraisers use to determine the fair market value of a house. Primarily, they look at the number of bedrooms and bathrooms, total inside square footage, lot size, the age of the property, HVAC system, and overall condition. Other chief considerations are the location-related matters like crime rate, local amenities, and access to transportation. Using an appraiser’s eye for calculating the true value of your house inCincinnati & Dayton is a good way to start.

    Look at Neighboring Sales

    Next, just as an agent would in running comps, take a look at comparable home sales in the neighborhood. There a number of online resources you can use to check the sale prices of comparable houses with respect to size, age, number of rooms, construction type, and features. In addition, you’ll want to consider only homes that have sold within the last few months.

    Determine the PPSF

    Another good tactic for calculating the true value of your house in Cincinnati & Dayton is to try to determine the price per square foot (PPSF). This, too, involves comparing your house to similar houses that have sold in the neighborhood.

    So when doing your own comparable market analysis, be sure to note the square footage of the houses you’re considering. Then divide the sale price of the house by total square footage to arrive at the PPSF. The next step is to add up the several PPSFs you’ve calculated and then divide by the total number of PPSFs you added together, which will yield the average PPSF. All you have to do then id multiply the square footage of your house by that average PPSF. You will then have a general idea or your house’s fair market value.

    Consider Special Features/Qualities

    But in calculating the true value of your house in Cincinnati & Dayton don’t neglect to take into consideration the special features and qualities your house may possess. These can sometimes increase the value significantly (or, in some cases, lower it).

    You will certainly want to take into account any recent upgrades – for example, new tiles and fixtures in the bathroom, new appliances in the kitchen, a new roof, or new siding. Or if your house has a large screened-in deck or is close to a good school, these features can add to the value. The comparable value analysis and the average PPSF are just starting points or base prices. Be sure to consider as well what your house has to offer beyond the mere basics in comparable houses.

    And then there’s the other side of the coin, too. If your house isn’t in as good a shape as those you’re comparing against, it will be worthless. So be sure to be brutally honest with yourself.

    These are all good tactics for calculating the true value of your house in Cincinnati & Dayton. Of course, you could always have a real estate agent do a comparable market analysis, but you can get fairly close to that on your own.

    IF YOU THINK YOU’RE READY TO SELL AND WOULD LIKE TO DISCOVER MORE ABOUT VALUING YOUR HOUSE, JUST GIVE US A CALL AT OR FILL OUT OUR FORM.

  • 5 Signs of a Trustworthy Home Buyer in Cincinnati & Dayton

    5 Signs of a Trustworthy Home Buyer in Cincinnati & Dayton

    If you want to sell your house in Cincinnati & Dayton, you have likely seen many homebuying companies out there wanting to purchase your home. However, not all buyers are the same. In our latest post, learn more about how to separate the good home buyers from the bad ones! 

    You might not know that you have many options when it’s time to sell! For many buyers and situations, a direct sale might be the way to go. However, before you sell to a professional Cincinnati & Dayton home buyer, take some time to learn about the company’s background. Different buyers operate in different ways, but no matter how they operate, you need to make sure you can trust them. Keep reading to learn the signs of a trustworthy home buyer in Cincinnati & Dayton.

    How Long Have They Been In Business?

    You don’t have to rule out a company just because they are new to the game. Everyone has to start somewhere. However, a company that has been around for awhile likely has streamlined their process and is obviously doing something right to still be in business. A company with a longer amount of time in business will likely have more knowledge and local market experience, allowing them to pay you a fair price for your Cincinnati & Dayton house.

    Can They Provide References?

    Any great home buyer will be able to provide references from past clients. Don’t rely solely on the top reviews they have cherry picked. Asked to get references from their last 5 transactions if possible. This will allow you to get a better grasp of what people really think about the service. Create some questions ahead of time and consider asking some out of the box questions. This a big transaction, and you will want to make sure you are choosing the right buyer for your Cincinnati & Dayton house.

    What Does Their Social Presence Reveal?

    Not every business spend a lot of time on social media, however, there are some definite signs to look for. Do they reply to questions posted on their page? Do they engage with customers or just post content? Do they allow reviews on their facebook page? If not, there is likely a reason why.

    Do You Feel Pressure To Sell?

    There should never, NEVER be any high-pressure sales. Companies like Ohio Cash Buyers LLC provide information and alternatives to a traditional sale. We offer fast closing to people who need it! However, we know it isn’t right for everyone, and that is completely ok! We ultimately want you to make the smartest, most well-informed decision when it’s time to sell your house. We will never pressure you or talk you into something that is not in your best interest. We invite you to get an offer, then take some time to compare yor options for yourself. We will happy to fully explian our offers and how we arrive at the prices we do. The process should be easy and transparent, at no time should you feel pressured into a sale.

    How Is Their Standing With The BBB?

    Review the company on the BBB to find out if there are complaints against the company. You can take some reviews with a grain of salt. Sometimes people become frustrated about something out of the buyer’s control and opt to leave a negative review. However, if you notice patterns or unaddressed complaints, there might be a much larger issue.

    If you are looking for trustworthy homebuyer in Cincinnati & Dayton, you have come to the right place. Send us a message or give our team a call today!