Can your house ever be too nice? The answer is yes. Unfortunately, there’s no simple measure to determine what constitutes an over improvement. How much is too much, depends a lot on what improvements you undertake, what’s happening in your neighborhood and, in the end, your personal reasons for improving. That said, when you sell […]
In today’s “move-up” housing market, many buyers commonly have to sell their current home before they can purchase a new one. To protect themselves, a buyer will typically submit their offer making the purchase contingent on the sale of their current residence. While many sellers are reluctant to consider offers with such a contingency, this out of fear it will take months […]
You’ve heard the home closing horror stories: At the eleventh hour the buyers find that the amount needed for closing exceeds what they were originally quoted. Well thanks to a new law this experience is now a thing of the past. If you’re about to close on a new house, your timing couldn’t be better. Thanks to new mortgage rules […]
When selling a home, you need to understand the current consumer expectations and lifestyles. While some trends come and go, others remain popular for years and certain amenities that home buyers now consider “nice-to-have” may soon move into the “must-have” category in the coming years. Regardless of which category these features fall into for a buyer, […]
Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price. While you’d like to get top dollar for your home, consider these six signs that indicate […]
A Loan Estimate (LE) is a form that lists basic information about the terms of a mortgage loan for which you’ve applied. The idea behind the Loan Estimate (like the Good Faith Estimate before it) is to get critical information about the loan into the hands of the borrower as early as possible so that you as […]
As multiple offer situations have become common place, we real estate agents are increasingly running into situations where the seller wants to “shop” an offer. Here’s an example: a seller has received three offers to purchase their home. One of the offers is higher than the other two, but the seller prefers the closing and possession dates on […]
Americans Love Their Pets According to the American Veterinary Medical Association over 43 million American households own a dog, and over 36 million own at least one cat. While it’s uncertain how many of these households are owner-occupied and how many rented, since 65.5% of Americans own their homes, it’s probably safe to say that many pet […]
When you’re trying to understand or influence human behavior—as you might do when, say, listing and marketing a home for sale—it’s important to respect the distinction between what people should do, and what they actually do do. This is the difference between economics and behavioral economics. Classical economics theory is based on the belief that […]
Is a seller required to disclose, and can they be held liable for failing to disclose that a murder or suicide took place on their property? In Ohio, there is no statutory provision that mandates disclosure of such an event on a property. However the seller and their listing agent clearly have an obligation under Ohio […]
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