Over Pricing the Home
Yes, it is a sellers’ market. No, that does not mean that you can overprice the home by $20k to $30k over what the average selling price is going for in the neighborhood. Buyers are savvy today with amenities and home features. If a home is not selling, it is most likely the price and the next culprit is the location. Just be aware that in this seller market if buyers are not biting after a certain time, price is the only controllable factor that will bring the correct set of buyers in to purchase.
Security Cameras and Audio Recording Devices, Oh My!
They say buyer be ware. It is the truth. With today’s technology, home owners have a variety of ways to have their home video or audio taped. Buyers just be aware of your surroundings and you may want to keep private conversations – just that private. Outside of the home you are viewing.
You have every right to protect your home! Security cameras and audio equipment have become easy to install and small. However, one thing I would recommend is to disclose that you have security system in place. This could save you from headache and heartburn from a disgruntled prospect looking at your home.
Ohio Property Taxes and the Settlement Statement
What happens on a Settlement Statement to Seller Taxes?
Ohio pays their property taxes in arrears. Meaning we pay 2015 taxes in 2016. This can prove to be challenging concept to home buyers and can lead to confusion when they look at the Settlement Statement. Basically, you need to know that the Seller will pay for the taxes on the home up to the date they close on the property. Those taxes will be a “credit” on the Buyer’s Settlement Statement to be paid out in the correct time through escrow and vice versa the Seller’s Settlement Statement will see a “debt” of those taxes on their side of the statement.
I know this can be a confusing concept. So please, don’t hesitate to contact me with questions.