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Liberty Township Ohio Real Estate Market Breakdown – January 2011

January 24, 2011 by Eric Lowry Leave a Comment

Liberty Township OH Real Estate Market Breakdown – January 2011

Last week we broke down the West Chester Ohio real estate market.  This week we take a look at which price ranges are in the best shape from a home sellers perspective in Liberty Township, Ohio and which are not? The best way to measure the general strength of the Liberty Township, 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 LIBERTY TOWNSHIP, OHIO

As you can see in the chart below, just like there was in the West Chester Ohio breakdown, 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.

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 so that you employ the correct pricing strategy in selling your home.

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

The groundbreaking for the 2011 Homearama was this past week here in West Chester.  In my next post we will take a look at what the impact of the Home Builders Homearama luxury home show will have on the luxury home price ranges in the next few months in West Chester and Liberty Township, Ohio.

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.

Filed Under: Eric Lowry's Articles, Liberty Township Ohio Homes For Sale, Market Update, Real Estate Information, Real Estate Market Reports, Real Estate Market Statistics, Real Estate News Tagged With: Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Finding My Homes Value, Homearama, Homes, Keller Williams Realty, Liberty Township, Liberty Township Ohio Homes For Sale, Liberty Township Real Estate, LowryTeam.com, Luxury Homes, Market Value Of My Home, Ohio, Real Estate Market Expert, Real Estate Market Reports, Real Estate Market Statistics, Search Homes For Sale, Search The MLS, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Real Estate, West Chester Realtor

West Chester OH Real Estate Market Breakdown – January 2011

January 10, 2011 by Eric Lowry Leave a Comment

West Chester OH Real Estate Market Breakdown – January 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.

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 so that you employ the correct pricing strategy in selling your home.

LowryTeam.com West Chester Real Estate Market Statistics
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. 

In a later post we will also take a look at what the impact of the Home Builders Homearama luxury home show will have on the luxury home price ranges in the next few months in West Chester and Liberty Township, Ohio.

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.

Filed Under: Eric Lowry's Articles, Market Update, Real Estate Information, Real Estate Market Reports, Real Estate Market Statistics, Real Estate News, Sellers Tagged With: Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Homearama, Homes For Sale, Keller Williams Realty, LowryTeam.com, Luxury Homes, Ohio, Real Estate Market Reports, Real Estate Market Statistics, Search Homes For Sale, Search The MLS, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Ohio Luxury Home, West Chester Real Estate, West Chester Realtor

West Chester Ohio Real Estate Market Update

January 5, 2011 by Eric Lowry Leave a Comment

West Chester Ohio Real Estate Market Update

The West Chester Ohio real estate market update provides data on recent home sales, homes currently for sale, days on market data and list to sale ratios.  Get map views of homes, school information and community information for West Chester and surrounding communities of Mason, Liberty Township, Monroe and Fairfield Township, Ohio.

Get your Personal Real Estate Market Update at our website:  www.LowryTeam.com   

You can start your search for a new home in West Chester, Beckett Ridge or Liberty Township, Ohio right here using our real estate search engine – LowryTeam.com.

Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Filed Under: Eric Lowry's Articles, Market Update, Real Estate Information, Real Estate Market Reports, Real Estate Market Statistics, Real Estate News, Sellers Tagged With: Beckett Ridge Real Estate, Beckett Ridge Realtor, Eric Lowry, Finding My Homes Value, Home Values, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, My Home's Value, Search Homes For Sale, Search The MLS, Searching For A New Home, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Real Estate

LowryTeam.com: Interest Rates Update For West Chester & Liberty Township, Ohio

January 3, 2011 by Eric Lowry Leave a Comment

LowryTeam.com Mortgage Interest Rate Update

Have mortgage interest rates hit their lows?  Will they continue to move higher?  These are good questions.  The truth of the matter is nobody knows for sure.  Mortgage interest rates have moved higher in the last 5-6 weeks.

It does feel like we have seen the lowest levels and that interest rates will continue to edge a little higher as we move through the spring real estate market and into summer.  How much does it matter?  It matters quite a bit if you care about your monthly home mortgage payment .  

Waiting a few months to buy a home in West Chester, Beckett Ridge or Liberty Township, Ohio may very well cost you a great deal of money in the long run.  Buying real estate today will get you a terrific fixed rate mortgage!

You can start your search for a new home in West Chester, Beckett Ridge or Liberty Township, Ohio right here using our real estate search engine – LowryTeam.com.

Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

Filed Under: Beckett Ridge Homes For Sale, Buyers, Eric Lowry's Articles, Financing, Financing Options, Liberty Township Ohio Homes For Sale, Market Update, Real Estate Information, Real Estate News, West Chester Ohio Homes For Sale Tagged With: Beckett Ridge Homes For Sale, Cincinnati, Eric Lowry, Homes For Sale, Interest Rates, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Mortgages, Ohio, Search Homes For Sale, Search The MLS, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Real Estate

West Chester & Liberty Township OH Real Estate: The Top Reasons Your Home Didn’t Sell

December 29, 2010 by Eric Lowry Leave a Comment

So your home was listed for sale and didn’t sell.  No doubt you have tried to figure out why.  Here are the top reasons that your home didn’t sell when you had it on the market listed for sale:

Reason #1:  Your home is not staged! 

As I have discussed in previous articles, preparing your home for sale is critical.  In today’s real estate market hiring a professional stager is the surest step to success you can take.  We have come to believe that staging a home for sale is so important that when you list your home for sale with the Lowry Team by January 31st, 2011 we’ll include a staging consultation at no additional cost to you.

Reason #2:  Your home is not updated!

What does your home is not updated mean exactly?  While this can be a little subjective, it means your home is freshly painted in modern, neutral colors, you have clean, newer, neutral carpet, stainless steel appliances, newer light fixtures and newer bath fixtures to start.

Reason #3:  Your home is difficult to show!

What is difficult to show?  If an agent is showing homes in West Chester, Liberty Township, Beckett Ridge and they call to set an appointment on your home, is the process quick and easy? Or is the agent told that they can only show your home on weekends or only after 5:00pm during the week.  Can your home only be shown when you have time to run home and get the pets out of the house or clean the litter box?  The only acceptable showing instructions that you should have, are that your home can be shown with very short notice, any time or day of the week.  You cannot afford to miss a single showing.  And by the way, please don’t suggest the agent come on a different day because it would be better for you.  They aren’t coming back.

Reason #4:  You have the wrong real estate agent!

Picking the right real estate agent is critical to your success in selling your home.  You are relying on your agent to provide the very best pricing strategies.  You are depending on your real estate agent to have the very best, cutting edge marketing plan.  You are depending on your real estate agent to be sure that you have the very best photos of your home taken, to interpret the feedback from showings and to be available when it matters most.  You are depending on your real estate agent to be able to negotiate the very best possible terms in the offer to purchase for you.  Be sure that you have the right West Chester & Liberty Township real estate agent representing you in the sale of your home!

Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

 

Filed Under: Eric Lowry's Articles, Preparing Your Home For Sale, Real Estate Information, Real Estate News, Sellers Tagged With: Beckett Ridge Real Estate, Beckett Ridge Realtor, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Home Values, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Ohio, preparing your home for sale, Preparing Your Home For The Market, Pricing your home for sale, Selling A Home, Selling A Luxury Home, Staging a home for sale, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Homes For Sale, West Chester Real Estate, Why Your Home Didn't Sell

West Chester & Liberty Township OH Real Estate: Preparing Your Home To Sell (Part 3)

November 7, 2010 by Eric Lowry Leave a Comment

Are you getting your home ready to list it for sale?  Preparing to sell a home in West Chester, Liberty Township or Beckett Ridge can be an overwhelming task if you are not prepared.  The process of getting your home ready can be simplified by breaking the areas of your home up into groups. 

In my previous posts, >>Preparing Your Home To Sell, we covered Curb Appeal, Front Entry / Porch & Landscaping and in >>Preparing Your Home To Sell (Part 2) , your first impression was covered. 

Today we will cover the first floor living areas including the formal living room & dining rooms, the family room and first floor study.  When you are trying to get propspective buyers to fall in love with your home, you need to offer them enough space that they can easily imagine themselves and their belongings living comfortably in your home.  They are going to make observations about whether the space inside your home feels open and spacious or tight and cramped.  Give the buyers the vision of enough space for their wants and needs and you will get your home sold.

De-Personalize:  Everyone’s home is defined by the homeowner’s personal taste and right now your home is defined by yours.  You need to transform your home to meet your buyer’s need.  To do this, you must take “you” out of your property.  In essence what you are doing is de-cluttering.  You will eventually have to pack up your belongings anyway,  so start now by packing up all of your collections of figurines, sports collectables, commerative dishes, etc.  At best these collections will distract buyers from truly seeing your home, worse yet they may likely see them as clutter.

**Keep in mind; you may need to rent a storage space for a short period of time to store all of the items that you are going to be packing up and/or moving early.**

In the family room and formal living room you will need to remove or replace any personal or family photos.  You want buyers to feel at home in your property and if they are surrounded by photos of you and your family they will feel as though they are just guests in your home.  They may also be distracted from looking at the features of your home by all of your photos.  Also needing to be removed are any signs, pillows or plaques with written sayings on them.  There are many great quotes to be found on household items, they just don’t have a place in the home sale process.

In these rooms less furniture is better also.  Take an honest look at how much furniture you have.  Can you remove that extra table to open up some space?  Any furniture that blocks a window must be removed.  Removing the ottoman is almost always a good idea also.  Any freestanding bookcases in these two rooms must go.  They aren’t adding any value and they certainly have clutter on the shelves.  Also needing to be removed are baskets, decorative screens, magazine stands and all live plants.  Remove all items from fireplace mantels and from window sills.

In the dining room, remove any leaves from the dining room table until there are no more than 4-6 chairs situated around it.  Again, here in the dining room all collectibles, excess dishware, etc. must be removed.   Any glass enclosed dining room furniture pieces should be very sparcely decorated/filled.

In the study/home office the desk top must be completely cleared off of all stacks of papers, files, magazines, etc.  All extra tables, freestanding bookcases and mis-matched file cabinets must be removed as well.  On the walls, all of the awards, diplomas and photos must also be removed.  This space must be staged to create a space that the buyer can picture themselves working in.  If this space is being used as something other than a home office or if the furniture here is mismatched, consideration should be given to buying a nice desk and chair to stage this room or contact a home stager for rental options.  Any built-in bookshelves in this room or any other room in the house should hold only hardcover books that fit properly on the shelves.  No paperback books or oversized books, pack them up!

Why do you have to do all of this you ask?  Because you are going to be trying to sell your home for the highest  possible price that you can get and clutter costs money.  De-cluttering your home for sale will help you sell for more.  If you list your home for sale without doing any home staging and your home doesn’t sell, your 1st price reduction is likely going to be $5,000 – $10,000, so de-clutter.  It’s worth it!  Keep in mind I’m not suggesting you throw your belongings away, just pack them up and put them in storage.  All you are really doing here is getting a jump start on the packing for when your home sells.

You are now on your way to creating a great  impression for home buyers as you continue preparing your home for sale in today’s West Chester, Liberty Township, Beckett Ridge and Mason, Ohio real estate market.  In the next post in this series of articles we’ll cover Preparing Your Kitchen.

Read the first article in this series here >>  Preparing Your Home For Sale In Today’s Real Estate Market (Part 1)

Read the second article in this series here >> Preparing Your Home To Sell In Today’s Real Estate Market (Part 2)

Wondering what your home is worth in today’s real estate market? Request a market value analysis here!

Filed Under: Eric Lowry's Articles, Preparing Your Home For Sale, Real Estate Information, Real Estate News, Sellers Tagged With: Beckett Ridge Homes For Sale, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Finding a Realtor, Finding My Homes Value, Liberty Township Real Estate, LowryTeam.com, Market Value Of My Home, Mason Ohio Real Estate, Ohio, preparing your home for sale, Preparing Your Home For The Market, Relocating To Beckett Ridge, Relocating To West Chester, Selling A Home, Selling A Luxury Home, Top Real Estate Agent, Top Selling Realtor, VIPHomeFinder.com, West Chester Real Estate

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