Comey & Shepherd - Cincinnati Living Online

Price Sells Real Estate

Price Sells Real Estate! If you price your property appropriately for the current market conditions your real estate will sell. NPR ran an article a few days ago that really highlights this point. last year the Miami, FL condo market was nearly dead. To many built and proposed condos, to few buyers, and prices that reflected the 2007 levels of nearly $400 sqf.

Move forward to today, Fall 2009, and condo buildings are selling out in 6-8 weeks … at $200 sqf.  Peter Zalewski, a real estate broker who runs the Condo Vultures, explains that the Miami Condo market’s price reset has sparked interest in Latin American and South American investors. They seem to be cash buyers and feel that the current prices are a relative bargain.

The challenge that is preventing more buyers form purchasing is that financing is very hard to obtain in these new construction condo buildings.  Fannie Mae and Freddie Mac are denying loan applications to well qualified purchasers simply because there is such an over-suply of units that reselling a unit could prove a dauting challenge.

The lesson we all need to learn here is that to sell real estate ANYWHERE you need to price it correctly for today’s market. If you are interested in a condo, or a home in the Cincinnati area contact me today!

Cincinnati Real Estate: Schools, Rules, and Taxes

Every home buyer I work with has different criteria that defines what is ideal for them. I often hear phrases like ‘good school district’, ‘low taxes’, and ‘nice neighbors’.As a Cincinnati real estate agent licensed in Ohio, there are certain rules that govern how we present information to clients.

The challenge is defining what ‘good’ is. Families may define good in terms of test scores, athletics, number of extra curricular activities, or even college acceptance rate.  As a Realtor the best service I can provide my clients is to  point them to district information and let them decide what works best for them.  I encourage my clients to consider the cost of private school and property taxes when they are considering areas to live. In some cases the comparative costs make a difference of where my clients choose to live.

I have compiled a relatively complete list of links to the various grade schools throughout Cincinnati. The list includes Public, Private, and Religious institutions. I have them listed on my Cincinnati Area School Information page in the Real Estate Resources section of this website.