Central Ohio homeowners have a right to celebrate! After 8 years of watching your home values depreciate at double digits a year (2005-2012) we are entering our 9th selling season of supply and demand heavily weighted in favor of the Seller. However, here is the dark secret of this great market: the market for […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/KCG-Sellers-Market.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-26 10:31:422021-02-26 10:31:42The Downside of a Great Seller’s Market
We are in our 9th (yes, NINE) year of a Seller’s Market in Central Ohio. In some areas and price points there are over 20 buyers for every home on the market. I have had as many as 41 offers on a single home. I recently presented an offer on a home that the Realtor […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/KCG-Over-Paying.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-26 10:21:232021-02-26 10:21:23Are home buyers foolish for “over-paying” for homes in this heated market?
You’ve heard the commercials. Is your home in danger of being “stolen” by title thieves? “With the advancement in technology, it’s a huge problem and tremendously unreported as a crime,” says Art Pfizenmayer, Senior Advisor to the CEO of Home Title Lock as reported in the San Diego Union Tribune in 2018. But is […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/KCG-Title-Thieves.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-26 10:03:372021-02-26 12:39:12Is your home in danger of being electronically stolen?
What is a “back up” Buyer? A back up Buyer is first in line to purchase a home if the “Primary” Buyer is unable or unwilling to perform on a contract. It happens. The Primary purchaser loses their job or breaks up with a girlfriend. Three weeks into the transaction, the contract falls apart. The […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-11_3_Blog10.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:39:152021-02-13 11:58:29Ten Ways to Win: #10 – Be willing to be a backup contract and consider older listings
To understand “Win” #9 you must first understand a quirk about the Central Ohio Housing market. In many states in the United States the law prohibits the Seller from having possession of the home after the closing is complete. In Ohio we do NOT have this prohibition. This prohibition of post-closing possession is rooted in […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-11_2_Blog9.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:38:272021-02-13 11:57:14Ten Ways to Win: #9 – How Flexible are your plans?
I won’t show you a house until we have a pre-house-hunt “sit down.” At The Kathy Chiero Group we call it a “Buyer Orientation meeting” and we insist that you take an hour of your time to get informed before we start looking at homes. We often go a step further and ask you to […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-11_1_Blog8.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:34:112021-02-18 15:16:11Ten Ways to Win: #8 – How can I give the homeowner more money?
While this Tip is #7, it should be #1 in the Central Ohio Seller’s market. Let’s start with the harsh truth and then I will break it down: It is virtually impossible to purchase a newly listed home without a willingness and ability to pay above the appraised value of the home. Let’s picture […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-10_4_Blog7.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:31:402021-02-19 10:30:56Ten Ways to Win: #7 – Should I limit my offer to the appraised value of the home?
The purchase contract you will sign offers you, the Buyer, the protection of a home inspection. The inspection is usually done by a professional and can take three or more hours to thoroughly look over your new home. Following the inspection, you have three choices: the right to move forward with no repair requests, the […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-10_3_Blog6.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:28:312021-02-18 15:13:22Ten Ways to Win: #6 – Are you willing to let the Seller off the hook for repairs?
I’ve been a Realtor for over 20 years. I’ve seen it over and over. At the initial Buyer’s Orientation Meeting I ask the Buyer if they are willing to contribute “sweat equity” to the home? Are you willing to paint? Replace carpet? Replace toilets and sinks? Hang new light fixtures? The eager almost-homeowner always says […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-10_2_Blog5.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:26:202021-02-13 11:56:21Ten Ways to Win: #5 – Are you willing to hug the ugly house?
You’ve worked hard. You’ve sacrificed. You’ve saved money. You have your down payment and closing costs saved to purchase your first home. Or perhaps you have saved only your down payment because you remember hearing that it is customary for the Seller to pay your closing costs. You have just enough. And you believe that’s […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/20-10_1_Blog4.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:23:372021-02-13 11:58:06Ten Ways to Win: #4 – It’s true. Cash is king. (Even if you only have a little.)
We live and work in a “one shot” housing market. What does this mean? It means that, as a Buyer, you have “one shot” to get the Seller’s attention and to move your offer to the top of the competitive bid pile. Critical to your chances in this market is assuring the Seller that you […]
https://www.ourohiohome.com/wp-content/uploads/2021/02/Pre-Approval-Letter.png800800Brandon Pottshttps://www.ourohiohome.com/wp-content/uploads/2017/10/Kathy-Chiero-Grou-KW-website-color.pngBrandon Potts2021-02-08 18:20:482021-02-18 15:12:33Ten Ways to Win: #3 – What is a Pre-Approval Letter? (And I thought I had one!)
How important is your mortgage provider to the purchase of your new home? Look up the word “cornerstone.” The cornerstone is the first stone set in the construction of a masonry foundation. All other stones will be set in reference to this stone determining the position of the entire structure. Yep. That’s your lender’s role […]
The Downside of a Great Seller’s Market
/0 Comments/in News /by Brandon PottsCentral Ohio homeowners have a right to celebrate! After 8 years of watching your home values depreciate at double digits a year (2005-2012) we are entering our 9th selling season of supply and demand heavily weighted in favor of the Seller. However, here is the dark secret of this great market: the market for […]
Are home buyers foolish for “over-paying” for homes in this heated market?
/0 Comments/in News /by Brandon PottsWe are in our 9th (yes, NINE) year of a Seller’s Market in Central Ohio. In some areas and price points there are over 20 buyers for every home on the market. I have had as many as 41 offers on a single home. I recently presented an offer on a home that the Realtor […]
Is your home in danger of being electronically stolen?
/0 Comments/in News /by Brandon PottsYou’ve heard the commercials. Is your home in danger of being “stolen” by title thieves? “With the advancement in technology, it’s a huge problem and tremendously unreported as a crime,” says Art Pfizenmayer, Senior Advisor to the CEO of Home Title Lock as reported in the San Diego Union Tribune in 2018. But is […]
Ten Ways to Win: #10 – Be willing to be a backup contract and consider older listings
/0 Comments/in News /by Brandon PottsWhat is a “back up” Buyer? A back up Buyer is first in line to purchase a home if the “Primary” Buyer is unable or unwilling to perform on a contract. It happens. The Primary purchaser loses their job or breaks up with a girlfriend. Three weeks into the transaction, the contract falls apart. The […]
Ten Ways to Win: #9 – How Flexible are your plans?
/0 Comments/in News /by Brandon PottsTo understand “Win” #9 you must first understand a quirk about the Central Ohio Housing market. In many states in the United States the law prohibits the Seller from having possession of the home after the closing is complete. In Ohio we do NOT have this prohibition. This prohibition of post-closing possession is rooted in […]
Ten Ways to Win: #8 – How can I give the homeowner more money?
/0 Comments/in News /by Brandon PottsI won’t show you a house until we have a pre-house-hunt “sit down.” At The Kathy Chiero Group we call it a “Buyer Orientation meeting” and we insist that you take an hour of your time to get informed before we start looking at homes. We often go a step further and ask you to […]
Ten Ways to Win: #7 – Should I limit my offer to the appraised value of the home?
/0 Comments/in News /by Brandon PottsWhile this Tip is #7, it should be #1 in the Central Ohio Seller’s market. Let’s start with the harsh truth and then I will break it down: It is virtually impossible to purchase a newly listed home without a willingness and ability to pay above the appraised value of the home. Let’s picture […]
Ten Ways to Win: #6 – Are you willing to let the Seller off the hook for repairs?
/0 Comments/in News /by Brandon PottsThe purchase contract you will sign offers you, the Buyer, the protection of a home inspection. The inspection is usually done by a professional and can take three or more hours to thoroughly look over your new home. Following the inspection, you have three choices: the right to move forward with no repair requests, the […]
Ten Ways to Win: #5 – Are you willing to hug the ugly house?
/0 Comments/in News /by Brandon PottsI’ve been a Realtor for over 20 years. I’ve seen it over and over. At the initial Buyer’s Orientation Meeting I ask the Buyer if they are willing to contribute “sweat equity” to the home? Are you willing to paint? Replace carpet? Replace toilets and sinks? Hang new light fixtures? The eager almost-homeowner always says […]
Ten Ways to Win: #4 – It’s true. Cash is king. (Even if you only have a little.)
/0 Comments/in News /by Brandon PottsYou’ve worked hard. You’ve sacrificed. You’ve saved money. You have your down payment and closing costs saved to purchase your first home. Or perhaps you have saved only your down payment because you remember hearing that it is customary for the Seller to pay your closing costs. You have just enough. And you believe that’s […]
Ten Ways to Win: #3 – What is a Pre-Approval Letter? (And I thought I had one!)
/0 Comments/in News /by Brandon PottsWe live and work in a “one shot” housing market. What does this mean? It means that, as a Buyer, you have “one shot” to get the Seller’s attention and to move your offer to the top of the competitive bid pile. Critical to your chances in this market is assuring the Seller that you […]
Ten Ways to Win: #2 – Choose your lender Carefully
/0 Comments/in News /by Brandon PottsHow important is your mortgage provider to the purchase of your new home? Look up the word “cornerstone.” The cornerstone is the first stone set in the construction of a masonry foundation. All other stones will be set in reference to this stone determining the position of the entire structure. Yep. That’s your lender’s role […]