FAQs
This page contains answers to common questions. Use the
question links below to get the answers you need to assist you
when buying or selling a home.
- How do I sell my house quickly?
- Where can I find the home I want?
- Why is now a good time to sell?
- Who is the best realtor for me?
- What is a buyers' or sellers' market?
- When is my credit good enough to obtain a
mortgage loan?
- What are the best months for selling?
How do I sell my house quickly?
By pricing it right for its condition, for its location, and for
the market conditions. Since July 2005, these conditions
have been more important than ever.
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Where can I find the house I want?
Have a realtor place your needs and requirements into a computer
search program that can update you daily on new listings.
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Why is now a good time to sell?
The extremely low interest rate today may generate buyers to step
into the market place. It is important to price your home
correctly in this buyers' market.
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Who is the best realtor for me?
One who is patient enough to find you what you need as a buyer,
and one who will communicate with you as a seller.
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What is a buyer's or seller's market?
A sellers' market occurs when there are more buyers than there are
houses on the market.
A buyers' market occurs when there are more houses on the
market than there are buyers. 2002 was pretty much the same
as 2001 with a few gaps occurring in July, November and December
where we found sellers slow to put property on the market thereby
reducing the inventory a little. In 2003 we continue to have a
buyers market in relation to inventory and a scarceness of
qualified buyers makes each a premium. Sellers have not recognized
this phenomena and continue to hold out for "their"
price making it a very delicate buyers market.
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When is my credit good enough to obtain a
mortgage loan?
There are different requirements for different types of loans, and
you should avoid getting discouraged until you have tried three or
four lenders. Some lenders may have an investor who is
willing to take a greater risk than another lender. Talk to
your realtor!
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What are the best months for selling?
The good sales months for 2005 were April, May, June.
Typically when interest rates rise buyers back off. At the
present time in the Dayton Area the employment situation has
buyers hesitating so the inventory has risen, even though the
interest rate remains excellent. It is a BUYERS MARKET.
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