Montgomery Market Minute for April

Montgomery Market Minute for April

Market Update – Montgomery Real Estate for April 2020 

The news is all good and only going to get better!  COVID-19 may have slowed us down, but not for long!! Mike and Brandi give an update on selling and buying real estate in Montgomery for April 2020. Listen to hear about featured listings, average sales price and days on market in Montgomery. If you are thinking about buying or selling a home, now is the time! 

As the top real estate team in Montgomery, Ohio, we are committed to keeping you well informed so you can always make the best decisions for you and your family.

 

 

Call Us With Questions 

Have more questions?  Need to sell or buy a home soon but don’t know where to start during these ever changing times?  Please reach out to us!  Brandi Schildmeyer is available to chat or email at anytime…. 513.675.6816 or [email protected]

8 Things To Do Now to Prepare Your Home to Sell

8 THINGS YOU CAN DO NOW TO PREP YOUR HOME TO SELL

Thinking of listing your home in the coming weeks or months? With so many of us spending far more time at home than usual right now, and actually looking for projects to keep up busy, it’s a great time to do a few things around the house that will really make a difference when you put your home on the market.

Here are eight things you can do right now to get your home ready to sell:

1. FOCUS ON CURB APPEAL

What’s the first thing someone notices about your home? Of course, it’s the exterior. Picking up garbage, doing a little pressure washing and making sure your gutters are clear can all add to that first impression of your home. Also, don’t forget about landscaping. Pulling weeds, planting a few flowers or even adding a fresh layer of mulch, can go a long way in upping your curb appeal.

2. DECLUTTER & PURGE

We all know how easily things can accumulate, but now is a great time to get rid of the clutter and unwanted items. Too many decorative pieces or even extra furniture in a room can make it feel small and crowded and that can make a buyer feel uncomfortable. You want a potential buyer to be able to envision themselves living in your home so do them and yourself a favor now by getting rid of the excess.

3. CONSIDER INTERIOR PAINT

Take this time to take a good look at your walls. Do you need to switch to a more neutral color? If you’ve updated some rooms, but still have that hot-pink bedroom or lime green kitchen, now is a great time to tone down that shade.

4. DIY MAINTENANCE

If you find yourself with loose faucets or shower fixtures or areas that need caulking, go ahead and make those repairs, if you are able. These are small things we can let slide in our day-to-day lives, but they almost always come up on an inspection report. You can take care of those issues now and save yourself a headache in the future.

5. ORGANIZE WARRANTIES & DOCUMENTS

Again, you can save yourself some time by getting all of these in order now because the new buyers will want them. Also, you don’t want to overlook something that could add value, like a transferable warranty

6. GIVE YOURSELF A SHOWING

Pretend you’re the buyer and take a tour of your home. Make sure to take notes on things that stick out to you or areas that need improvement.

7. CREATE A LIST OF IMPROVEMENTS & FAVORITE FEATURES

Remember the exterior lighting you added last year or the new sprinkler system? How about the open kitchen that you’ve enjoyed so much? Pointing out the enhancements and things that you’ve loved about the home can help the potential new buyers see that value as well

8. CLEAN!

Nothing feels better than a nice, fresh and shiny house. It instantly makes people comfortable and they will feel your house has been cared for and loved. So now that you have the extra time, make it sparkle!  Clean cabinets, baseboards, doors, and even the floors of closets.  We promise, everything you do now will be noticed!  And last but not least,  make it smell nice… because clean sells!

BOTTOM LINE:

If you’re ready to sell soon, take advantage of the extra time at home to prepare your home for the market.  Buyers will notice the effort and your house be the “new listing” getting everyone’s attention!

Making the decision to sell your home can be an overwhelming. Brandi Schildmeyer, at Build Collective, Coldwell Banker West Shell can help you understand the process and make sure you get the most for your home in the shortest amount of time. 

CONTACT BRANDI FOR MORE HOME SELLER TIPS!

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Sell Your Home in the Winter

Sell Your Home in the Winter

Sellers Wanted! Three Reasons Why Winter is A Great Time to List Your Home

The sun is shining (at least for today), and while the calendar says winter, the market says SPRING. With the holidays behind us, it’s time to get serious about listing your home. There’s no need to wait for warmer weather; getting your home on the market first can also mean getting it sold FIRST. 

Top 3 reasons to list NOW:

1. Buyers are hunting, and less inventory means MORE attention for your listing.

You’ve heard of the theory of supply and demand. With fewer choices on the market, there’s a greater possibility buyers will be giving your home a look (or a second, maybe even a third). Is it a great fit? Let’s hope. If it’s not, they’re more likely to consider making adjustments rather than waiting for the perfect house to come along (while they’re living in their cramped apartment or parents’ basement). Winter-time lookers tend to be more serious. Give them something to look AT (and never end a sentence with a preposition).

2. Lower inventory can also lead to HIGHER SALES PRICES!

“I want to sell my house for a lower amount.” (said no one ever). Put your house on the market now and you’re more likely to get full value. Why? One word: competition. You don’t have as much. With fewer houses on the market, potential buyers have fewer options to compare and are less likely to negotiate aggressively.

3. Less business can lead to a SMOOTH TRANSACTION.

Everyone gets busy during the spring and delays can be a huge frustration for both buyers and sellers. With fewer transactions occurring during the winter months, lenders, appraisers and inspectors have more time to focus on your property. Bypass those long lines. Get your house on the market early and put your listing in the express lane.

Bottom line:

If you’re ready to sell, there’s never a bad time to list your home, but don’t procrastinate (keep that New Year’s resolution). The buyers are out there. Let your house be the “new listing” getting everyone’s attention and let us show you how to do it.

Making the decision to sell your home can be an overwhelming. Brandi Schildmeyer, at Build Collective, Coldwell Banker West Shell can help you understand the process and make sure you get the most for your home in the shortest amount of time.

Townhome Living Is On the Rise

Townhome Living Is On the Rise

With land prices going up across the board along with building costs, townhome living has become increasingly attractive to all sorts of buyers. Townhome living is nothing new as they’ve been around for decades, but recently, options are becoming more and more prevalent.

Now, it might be obvious, but what is a townhome? If you Wikipedia it, the history of a townhome is quite interesting considering why people often decide to live in a town home:

In the past, “a townhouse was the city residence of a noble or wealthy family, who would own one or more country houses in which they lived for much of the year. From the 18th century, landowners and their servants would move to a townhouse during the social season.”

It’s funny to see that even in the past, people we’re attracted to townhomes because of the social component. That couldn’t more true today. Since townhomes are typically vertical in nature with multiple floors of living, they tend to be clusters with many units in one complex. This can be very desirable when located around vibrant and bustling areas where buyers are looking to capitalize on their surroundings rather than focus on maintenance of their homes.

And, with pricing going up across the board and demand for living options near these walkable districts at an all time high, townhomes are becoming a great option when zoning allows. In the near future, we see townhomes and more dense units hitting the market in an effort to create more “affordable” or workforce housing options.

So, lets take a look at some of the top townhome projects in the works near in Cincinnati.

BROADWAY BROWNSTONES in Loveland

Priced from $399,000 • 1,900 Sq. Ft. • Only 1 Unit Left!

The Broadway Brownstones are located directly on the Little Miami Bike Trail in Downtown Loveland. With an bustling downtown district with Breweries, restaurants, candy shots, and an awesome new jewelry shop (shout out to Welling and Co!), Loveland is a force to be reckoned with! Dont miss the chance to live at Broadway Brownstones.  Only One Unit Left… Builder Model! Check out the full website here

 

THE ALLORA ON MADISON in Oakley

Priced from $495,000 • 2,000 Sq. Ft.  • Only 4 Units Left!

The Allora has been one of the top selling townhome project in the Cincinnati area. It’s no surprise through given that it’s in the core of downtown Oakley next to St. Cecelia and steps from the Madtree, Crossroads, and pretty much every possible convenience you could ask for. Check out the available units here

 

 

 

PARK MANOR in Blue Ash

Priced from $600,000

Luxury living in the heart of Blue Ash!  Luxury, Convenience and Carefree living in a beautiful master planned community that offers something for everyone.  Learn more about the Park Manor Townhomes here!

 

If you find that townhome living sounds like the perfect solution for you, reach out to us!  We can give you more information on the featured townhomes above, or help you find another community that is perfect for you!

8 things to avoid when purchasing a home

8 things to avoid when purchasing a home

The last thing in the world you would ever want is to spend a bunch of time searching for a home, finding that perfect place and then not being approved for your mortgage. There are also many common mistakes homebuyers make that could make the process much more painful than it has to be.

We’re writing this article because we know how stressful it can be to buy a house. In order to make your process easier, we are going to cover the 9 things you shouldn’t do when buying a home.

1) Don’t overestimate your budget.

Ever heard the expression “House poor“? Many homebuyers overestimate what they can actually afford and end up with very little wiggle room financially. Before jumping into buying, make sure you have a realistic idea of the yearly costs involved with owning a home.

Remember, there is your mortgage, property taxes, utilities, insurance and repairs. All of this before you even think about making upgrades. Factor in all the costs and leave yourself some room.

2) Don’t let your emotions run wild.

Buying a home is one of the biggest decisions of your life. It’s normal to be excited and fall in love with a home. However, try to keep a level head. Falling in love with a home can cloud your judgement or end in disappointment. This can happen if unforeseen issues are exposed in the inspection or if someone puts in an offer before you.

If you don’t find a home… don’t get discouraged. Home searching can be a lengthy process. It will be worth it when you find the winner.

3) Don’t talk to sellers about plans for the house.

As much as you are excited to get in and put your personal touch on the home, it’s best to keep this to yourself. Sometimes home buyers meet and get to know the home owners. This is fine, but remember that the current owner will have an emotional attachment to the property.

It’s best not to make them feel like you’re going to come in and completely change the place. If you make conversation with the owners, just keep the conversation light.

4) Don’t withdraw or deposit a lot of cash.

Going further with your financial history, cash withdraws and deposits also play a part in your mortgage approval rate. Large quantities of cash going in or out of your accounts signals a warning sign that you do not have stability. Avoid any sporadic withdraws or deposits of large sums of cash.

5) Don’t apply for more credit.

The amount you are approved for on your mortgage comes down to your capital. How much money do you have at your disposal? Applying for extra credit increases your debt. This extra debt decreases the amount you will be approved for on a mortgage.

6) Don’t co-sign a loan.

While a loan may not technically be yours – it will still equally count towards your overall debt. Co-signing a loan can have an impact on not only the amount of your mortgage, but approval rate in general. Avoid co-signing any loans until you have purchased your home.

7) Don’t finance a car or furniture.

As financing is again a loan, it is therefore debt. Stay away from financing a car or furniture for the above mortgage approval reasons.

8) Don’t switch or leave your job.

Financial stability is one of the most important factors considered when a bank is approving your mortgage. The key to financial stability is having a dependable income. If you switch or leave your job, often or before applying for a mortgage, this may signal red flags.

If you are thinking about a move, hang tight with your job until after your mortgage is approved.

Ensure you don’t make these mistakes

There are many important things to consider when purchasing a home. It is one of the biggest decisions of your life.

In order to ensure that you get the house you want, when you want it, you need to understand and follow those above tips. Doing so will increase your chances of finding that perfect home and getting it. Remember that financials are very important when it comes time to apply for a mortgage. Make that your priority.

Also keep in mind the emotional aspects of purchasing a home and try to stay cool. It can be a draining process, but it will be worth it when you get the keys to the castle!

Are you looking for a home in the area? Give me a call. I’d love to help you find a home (and make sure you make none of the above mistakes in the process!)