Cincinnati Real Estate: Competing Against Short Sales and Foreclosures

Posted on Apr 29 in Cincinnati Real Estate
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Nationally nearly half of all home sales involve short sales or foreclosure sales, many home sellers are finding that traditional sales are competing with discounted prices offered by foreclosed properties and short sales in their local area. To help home sellers attract buyers and compete against the discounted prices offered by distressed properties, here are some tips:

Price the Home Right Initially: Home sellers need to price their home according to today’s market. An experienced real estate agent can provide you comparable sales to help you price your home right.

Market the Home Effectively: Real Estate agents have access to marketing channels such as the Multiple Listing Service (MLS), websites like Realtor.com, and professional marketing materials such as brochures, virtual tours, and agency resources.

Keep the Home in Top Condition: A home seller should stage their home and keep it in “move-in” condition. The house, as well as all closets, should be kept clean and free of clutter to create the appearance of a more spacious home.

Offer a Quick Closing: An advantage of being a conventional home seller is being able to offer a quick closing, often an advantage for buyers who wish to move quickly. Distressed properties can take many months to reach a closing date.

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  1. Topics about Foreclosures » Archive » Cincinati real estate: comepeting against foreclosures and short …

    Apr 30th, 2009

    [...] randalcmoss placed an observative post today on Cincinati real estate: comepeting against foreclosures and short …Here’s a quick excerptFind out tips on how to compete against foreclosures and short sales while trying to sell your house. [...]

  2. Cincinnati Real Estate Market Stronger than Ohio Average | Cincinnati Living Online

    Jul 21st, 2009

    [...] The first five months of 2009 have not been kind to the housing market here in Ohio. The chart above shows the impacts on both the number of units sold and the average price per unit sold compared to the same months 2008. While the economic slowdown has impacted the volume of sales there is one substantial factor that is influencing the average sale price – foreclosures and short sales. [...]