RE/MAX Real Estate Guide and FAQ - Questions and Answers for Real Estate Sellers
RE/MAX Valley Real Estate, Boardman, Ohio

Real Estate Guide

Selling Your Home


RE/MAX Valley Real Estate

Real Estate News from Inman

Valley  Real Estate
1006 Boardman - Canfield Rd.
Boardman, Ohio
(330) 629-9200

RE/MAX Real Estate FAQ. Questions and Answers about  Selling Your Home, Working With A Real Estate Agent

Selling Your Home - Questions and Answers
'Common Questions and Answers'


When is the best time to sell your house?
There is no "best" time to sell per se. Selling a house depends on supply, demand and other economic factors. But the time of year in which you choose to sell can make a difference both in the amount of time it takes to sell your home and in the ultimate selling price.

Weather conditions are less of a consideration in more temperate climates, but most of the time, the real estate market picks up as early as February, with the strongest selling season usually lasting through May and June.

 With the onset of summer, the market slows. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective home buyers and their agents take vacations during mid-summer.

Following the summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, which usually lasts into November when the market slows again as buyers and sellers turn their attention to the holidays.

If this makes you wonder if you should take your home off the market for the holidays, consider the advice of veteran agents: You are always more likely to sell your house if it is available to show to prospective buyers continuously.

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How do I sell to a first time homebuyer?
In 2008 Congress made available a tax credit loan of up to $7,500  for qualified first time home buyers. The law was amended twice in 2009. First enlarging the credit to $8,000, and then extending the deadline to April 30, 2010 along with a $6,500 tax credit for existing home buyers, and Congress said  the money did not have to paid back as long as the buyer remains in the home at least three years. The rules were enacted to allow the money to be used to pay buyer closing costs and/or used as additional down payment. As intended, these credits have lured many first time homebuyers into the market. However, they have proved to be tough and wary customers.
Studies have shown that, contrary to forecasts, over 80% of first time homebuyers want no part of fixer-uppers, especially foreclosures requiring a great deal of fix-up. They are far more willing to pay more for homes they can move into immediately.
Here, according to RE/MAX Valley Real Estate Associates, Boardman, Ohio, are  five ways to lure and land a first-time buyer:
  1. Staging and conditioning your home is very important. (new paint, floors in good condition, de-cluttered, and odors removed)
  2. Deferred improvements such as newer roofs, efficient furnaces, and weather-tight windows are high on their list.
  3. Offer to pay closing costs.
  4. Always provide a home warranty.
  5. Make a counter-offer, even to the extreme low-balls (Remember, these are first time buyers. They don't yet have an appreciation for home ownership and just how much this home means to you. Don't get mad - make a reasonable counter-offer.)
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Should I add on or buy a bigger home?
See Real Estate Guide: Home Ownership (Improvements) - What are the pros and cons of adding on or buying new?

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How do I prepare the house for sale?
See Home Sellers:

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What are some tips on negotiation?
See Real Estate Guide: Selling Your Home (Negotiations) - Is there a secret to good negotiation?

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Do sellers have to disclose the terms of other offers?
See Real Estate Guide: Selling Your Home (Disclosure) - Do sellers have to disclose the terms of other offers?

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How long do bankruptcies and foreclosures stay on a credit report?
See Real Estate Guide: Your Mortgage (Bankruptcies, Foreclosures, and Credit) - How long do bankruptcies and foreclosures stay on a credit report?

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What do all of those real estate acronyms in the ads mean?
See Real Estate Guide: Buying Your Home (Finding The Right Home) -  What do all of those real estate acronyms in the ads mean?

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