Warren County Ohio Real Estate News and Observations

Before You Put Your Home Up For Sale

One step at a timeThere's a whole list of things you can do to get your home ready to sell to give you the best market value and a quicker sale, but this post isn't about that.

Instead, we'd like to discuss two things you need to consider BEFORE you decide to sell your home.

 

First, and this can be a deal breaker:  how do plan to pay for your next home?  If you're flush with cash, then just skip this step.

But if you plan to finance, you need to find out if you can actually obtain financing for your next home.  The last thing you want to do is have your home on the market, accept a contract and THEN find out you can't purchase another home.  Don't expect the buyers to feel sorry for your predicament, they're planning to buy your home, and if you break the contract you might very well find yourself with some legal problems.

So having that preliminary conversation with a mortgage pro is crucial.  Can you qualify for as much as you think you can?  Or is there an issue with your credit history?  Situations like having a spouse (who had the vast majority of the couple's credit history) pass away might seriously impact the options for the survivor.

The type of loan is important too.  Only qualified for an FHA loan and want a condo?  That loan requirement has often restricted where buyers can purchase.

 

Secondly, is housing available that you'd want?  It's important to be calibrated to what your dollar gets you.  If you've got a $200,000 budget and $400,000 home taste, we're going to have a problem.

Or is there even anything available to buy at all?  For instance, there might only be a dozen condos for sale in Mason across all price points.  Now if you want a specific subdivision, you might find yourself with one opportunity every 2-3 months.

And if part of your financing contingency is your current home has to be sold to buy, we have a bit more of a tightrope to walk finding a seller in a hot market willing to accept that contingency.

 

Now you're going into the process with eyes wide open.  You know what you need to do to buy, so if you still want to sell, NOW let's talk about getting your home ready!

Want to discuss further, just call us at 513-520-5305 or email Liz@LizSpear.com.

Serving Greater Cincinnati home buyers and sellers,

Bill & Liz aka BLiz

 

Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

 FacebooktwitterWordpressYouTube Pinterest

 

 

 

 

OUR SERVICE AREA:


View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map

Comment balloon 6 commentsLiz and Bill Spear • September 09 2019 01:01AM
Before You Put Your Home Up For Sale
share
There's a whole list of things you can do to get your home ready to sell to give you the best market value and a quicker sale, but this post isn't about that. Instead, we'd like to discuss two things you need to consider BEFORE you decide to sell… more
Some Hands Are Better Not Played
share
I don't know a whole lot about poker but I know if I was holding AK with three more aces on the table I'd have a lot of trouble keeping a poker face! All in and let's see what happens! But most times the situation isn't going to be that clear cut. … more
Seize The Moment
share
Some offers are for a limited time only. Sometimes a VERY limited time. I love watching the butterflies and hummingbirds feed from our flower gardens, but the little ones are VERY, VERY fast. They don't hold still long and trying to get a… more
And Now We Wait!
share
If you're an impatient person, you just may hate buying or selling a home! While sometimes there's not much waiting involved, that seems to be the exception. Waiting is often the name of the game. Depending on whether it's a buyer's or seller's… more
Power Vs. Technique
share
Once upon a time I used to play rec league soccer. As a goalie, I put the "wreck" in rec and that's why years later there's a little hitch in my giddy-up :) In general I faced two types of attacking players: those that were about… more
Can I Get Out Of Real Estate Agent Jail If I Hire The Wrong Agent?
share
Let's say you're ready to buy or sell a home. You KNOW you need a real estate agent to help you out so you start your due diligence. Maybe you get a recommendation from a friend. Maybe you go back to the agent that helped you buy your home. Maybe… more
The Dreaded Email Tsunami
share
I had a nice chat with a potential patio home buyer today. He's found one of our posts about a specific area patio home community. We talked about why there's a limited number of patio homes for sale, the typical prices for that community, and… more
I Thought That House Was Under Contract?
share
You're watching a home for sale. You've watched it go from Active to Pending back to Active. Maybe even more than once. What's the deal with the no deal? The amount of time involved can tell you a lot about the most probable "why"… more
Real Estate Lingo & The Land Of Confusion
share
CDOM Short sale Earnest Money Inspection Contingency Waiver Builder's Rep Pending And that's just the VERY short list of terms as real estate agents we throw around, but do the people we serve understand those terms? In some cases, I'd say the… more
Can You Sell The Home You're Buying?
share
Wait a sec, aren't you getting the cart ahead of the horse? I haven't even BOUGHT the home yet and you're asking if I can SELL it? I get it, you're looking at the home's suitability today and I'm crystal balling the future, that day when you just… more