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West Chester Ohio Home Values: What is a Free Home Value Analysis?

December 5, 2012 by Eric Lowry Leave a Comment

West Chester Ohio Home Values: What is a Free Home Value Analysis?

We list and sell a lot of homes in the West Chester, Mason and Northern Cincinnati Areas and many times we are asked to provide a home value analysis or a free CMA. What homeowners are asking for here is fact and data based estimate of what a particular home would sell for if exposed to the general real estate market for sale. A CMA is a real estate industry term for a Comparative Market Analysis.

What is a Free Home Value Analysis? A market analysis or home value analysis when done properly should consist of at least three parts. The first is to find 3-5 comparable homes that have sold recently and are located nearby the subject property, preferably in the same neighborhood. The second factor to consider is the current competition on the market for sale. These are commonly called the Active Comparable Listings. Again, these should be comparable in size and amenities and be in close proximity. This will give perspective on what homes similar to the subject are currently being listed for. The third factor to consider is the market conditions in the bracketed price range of the subject home. Is there an over supply of homes for sale in this range causing pricing pressure or is there a shortage of homes for sale?

These are all factors that go into the process of the Home Value Analysis. Bringing all of this data together and interpreting it properly is best done by an experienced real estate agent that is very familiar with the area and neighborhoods surrounding the home that the market value analysis is being completed on.

Request your Free Home Value Analysis (or Free CMA)

Home Values In West Chester Ohio

October 1, 2012 by Eric Lowry Leave a Comment

Home Values In West Chester Ohio

Wondering if the real estate market in West Chester Ohio has stabilized?

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Getting ready to put your home on the market for sale and need more detailed data on what your home is worth? Request a detailed Market Value Analysis here!

Real Estate & Home Values In West Chester Ohio

March 2, 2012 by Eric Lowry Leave a Comment

Call The Lowry Team At 513-874-1830

Real Estate & Home Values In West Chester Ohio – LowryTeam.com

When you’re looking for a top selling real estate agent to help you negotiate the complexities of selling a home, you’ve come to the right place. The experience, dedication and strong communication you’ll receive with the Lowry Team will help ensure the successful and profitable sale of your home:

1. The Local Advantage – Take advantage of our broad spectrum of technologies and tools to support the sale of your home from start to close, all tailored to be effective in the West Chester, Beckett Ridge, Liberty Twp & Mason Ohio real estate markets.

2. Internet Advertising – Since nearly all of home buyers start their search on the internet, “Premium Placement” on search engines is essential. Our Hassle Free Listing System will provide our “Premium Placement” advertising to promote your home on all of the major websites including Google, Realtor.com, KW.com, LowryTeam.com, and other websites. This will maximize your exposure and bring a large number of potential buyers to view information about your home.

3. Email Campaigns – It’s important to “work the network.” We can work together to identify the right people to target your home-and get in touch with them by email to drive excitement and interest.

4. Personal Touch – Of course, technology alone won’t sell your home. Face-to-face interaction provides the advantage to sell your home-and you won’t have to worry about a thing. The details will be handled with care and constant communication, to ensure the marketing and sale of your home go smoothly.

Appealing Your Butler County Ohio Property Tax Bill

December 22, 2011 by Eric Lowry Leave a Comment

Appealing Your Butler County Ohio Property Tax Bill

So your property tax bill comes in the mail in January 2012 and you totally disagree with the valuation that has been given to your home. What can you do?

You can appeal your property tax value, present a case to the county review board and try to get the value changed. When you appeal your property tax bill one of three things can happen:

1. You get a decrease in your tax valuation, which results in a decrease in your property taxes.

2. The value is found to be accurate and does not change – your taxes stay the same too.

3. Your property tax valuation increases as a result of your hearing, which results in an increase in your property taxes.

So, why would you appeal? The only reason to appeal your property tax bill is to prove that the Butler County Auditor’s value exceeds the market value. It is important to note here that the value indicated on your tax bill will be the value as established on January 1st, 2011. You are going to be trying to prove a revised value for January 1st, 2011. You are not trying to establish what today’s market value of your home is.

>> Would you like to see what homes are selling for in your neighborhood? Find Out Here <<

**Important note: The deadline each year to file an appeal of your Butler County Ohio property tax bill is March 31st. In 2012, March 31st is a Saturday, which may push the deadline to April 2, 2012. Be sure to verify this with the Butler County officials.

Other related articles that might interest you:

Butler County Ohio Property Tax Values

LowryTeam.com Real Estate Trends Report – December 2011

Do you have additional questions about the property taxes on your home or your home’s value. Use the form below to contact us. We will reply as quickly as possible.

Butler County Ohio Property Tax Values

December 20, 2011 by Eric Lowry Leave a Comment

Butler County Ohio Property Tax Values

You haven’t seen your Butler County Ohio property tax bill yet for 2012, but when you do, the total value of your property will likely have changed. This property tax bill, commonly called the “January Bill” will reflect new property values for tax purposes.

So, if your tax value is changing, does that mean that the values are going down? The real estate market has gone down, right? The truth is, your property value may go up or down (or even stay the same) depending on a number of factors including but not limited to a recent sale of the property and certainly depending on what the assessed tax value was previously.

Did you know that you can appeal the value that is established by Butler County for your property tax bill? The deadline to file such appeal is March 31, 2012. Why would you appeal this assessed property value? I’ll answer that in my next blog post, so be sure to check back.

Interested in seeing what homes in your neighborhood are selling for? Visit our website: www.HomeValuesInCincy.com for your very own real estate market update – It’s Automated and It’s Free!

Do you have questions about your property value that we can help answer. Fill out the form below and we will get back to you as quickly as we can.

West Chester OH Real Estate Market Breakdown – April 2011

April 3, 2011 by Eric Lowry Leave a Comment

West Chester Ohio Real Estate Market Breakdown – April 2011

Which price ranges are in the best shape from a home sellers perspective in West Chester, Ohio and which are not? The best way to measure the general strength of the West Chester, Ohio real estate market and to break down it’s different price ranges is to evaluate the amount of homes for sale in both the total area and also in each different price range.

SEARCH ALL HOMES FOR SALE IN WEST CHESTER, OHIO

In the chart below you can see that there is clearly more activity in some price ranges than others and certainly more homes for sale in some of the ranges also. In each of the different price ranges you can see the number of homes for sale, the number of homes that have sold in the last six months and the months supply of homes.

The number of homes for sale is a pretty straight forward statistic, the number of homes that have sold in the last six months is used to determine the rate that homes are currently selling. The key number in this chart is the months supply of homes for sale.

A seller’s market would show a month’s supply of less than 5 months, 5-6 months supply of homes for sale is considered a neutral market and anything over 6 months is considered a buyer’s market. The higher the number the stronger the buyer’s market.

Looking back at the January Real Estate Market Breakdown you can see that in a number of the different price ranges the months supply of homes for sale has greatly increased. This is caused by two factors: (1.) There are more homes for sale now and (2.) The pace at which homes were selling in this last six month period has slowed considerably. Clearly we can see that a number of price ranges, as well as the overall market are a buyer’s market. No surprise there, but when listing a home for sale you must understand the level of pricing pressure and competition that you face so that you can employ the correct pricing strategy in selling your home.

West Chester Ohio Real Estate Market Breakdown — click on the image to see a larger version

Please keep in mind that these statistics are for West Chester, Ohio only and should be considered along with the Liberty Township, Ohio real estate market statistics when making pricing decisions and putting your home on the market. I will update the market numbers for Liberty Township later this week.

Do you want to track the real estate market activity in your West Chester Ohio neighborhood? Get a free, comprehensive real estate market report sent directly to your inbox at >> Home Values In West Chester Ohio.

posted by Eric Lowry