Profile picture for user617030

What's the average time a home spends on the market in Cincinnati/Westwood?

We will be relocating and have not yet listed our home.  However we do have a potential buyer, but his offer is likely to be about 30k under our desired lowest selling price.  Of course selling it so fast and directly ourselves will save us money, but it's hard to do cost/benefit analysis with out knowing what to expect if we do list it and have to wait for another buyer.
  • May 16 2012 - Cincinnati
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

$30,000 is a large hit to take . . . I have one question, first:  What is the 'value' that you are currently basing your home's value on?  Many home owners in all Greater Cincinnati Neighborhoods are often surprised to find out that the property that they 'think' is worth $XX Based on a 'recent' (within 2 years) appraisal is SIGNIFICANTLY different when it comes to procuring a ready, willing and able buyer in today's challenging real estate Market.  Many home owners also elect to hire the Real Estate Agent that 'agrees' with the seller's assessment of value.  This leads to major problems when a buyer writes an offer and cannot get financing due to an appraisal.  The DOLLAR amount of the appraisal is a factor along with the ADVANCED REQUIREMENTS of FHA and VA appraisers. 
My suggestion is to 'interview' at least two real estate agents to provide an accurate assessment of the current market conditions as well as comparable properties that an appraiser can use (within last 6 months, within 1 mile radius, similar sq footage). THEN you are more prepared to make a decision regarding the time/value of that $30,000 difference. Please call the Sheets Team.  We'd be happy to assist you.  513-766-0604
  • May 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

A good expectation in that area is about an average of 169 days.  When looking at sold properties they averaged 117 days on market.  Mind you - these numbers are not always "accurate" and really just provide some expectations.  Each property is unique and can have several individual factors that get it sold quicker or have it sit longer.

Accurate pricing will get your property sold faster, but having excellent curb appeal and a staged home will help as well.
  • May 16 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.