Is now a good time to buy property in Ohio, my neighbors home is for sale.?

by Fire Places on July 17, 2010

There house is alot bigger than mine, i would love to purchase that home, but i would also put my house on the market soon, how can i rise the value of this home, it is 1400 square feet, and it has a deck frech doors bedrooms 1 walk in closet and it was built in 1998, i need to pay the morgate off so i need to bring in atleast 133,500. The other house has a stone fireplace 4 bedrooms, wood floors, six panel doors, etc. For a great price but i need help give me pointers, and how fast i should ask PLEASE I would do anything!!!!


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{ 4 comments… read them below or add one }

Pam July 17, 2010 at 1:11 am

Honestly I think your best bet is an Agnet who can help you properly market the home to the greatest advantage for a quick sell.

JohnnyFriendly July 17, 2010 at 1:11 am

Depending on your financial situation and your local market conditions, maybe you should consider buying your neighbor’s home and renting out your current home to someone else.

sandy j July 17, 2010 at 1:11 am

It depends..the housing market is down….talk a realtor.

Monika Wilson July 17, 2010 at 1:11 am

Since I do not know the Real Estate Market in Ohio to well, there is nothing specifically I can tell you. However I think it would be good if you could at least talk to a local realtor, ask him/her to give you a rough estimate about the Market Value of your house and the approximate time it would take to sell the house in the current market for a certain price. The Realtor should also be able to give you tips and advise how to "stage" your home to make it more "presentable" than the current market competion. The local Realtor knows the market best and he/she sees other homes in your area and will know what you would compete against when you try to sell your home.

Depending on your market, you could also make an offer on your neighbors house contingent on the sale of your house. But this will not work in every market and it depends on your neighbors financial situation as well. If your neighbor would accept your offer concingent on the sale of your house, his property would be off the market for an open ended time frame – until you sell your house.

If you talk to a Realtor he/she might come up with some creative solutions as well, like put in the offer on your neighbors house but put a time frame to it (for example 3 month) if you did not
sell your house in those 3 month the neighbor can continue to market his house or you can waive the contingencie and buy it regardless. You always have the option of renting your house.

My advise talk to a local Realtor

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