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Buyer activity under $75,000 in Clermont County Ohio

By
Real Estate Agent with The Tye Group 243495

I am working with a few buyers in and around the $75,000 mark in the Clermont County Ohio area.  As new homes come up on the market under this price range the good ones are quickly offered on by multiple parties.  Is this the new low waterline mark?  Example:  I put in an offer on a home in Amelia Ohio priced at $40,000 last week.  Shortly after getting a counter from the bank, which we accepted, the bank came back with the famous "highest and best."  I guess they must have received many more offers over asking price like ours.  A few days later, with the same buyer, we scheduled to go see another home in the Bethel Ohio area priced at $48,000. That home went under contract the next morning.   A third home in Stonelick Township was priced at $55,000 and went under contract in two days. 

What is the moral of the story?  I would recommend to all buyers to have a proof of funds letter or a pre-approval letter ready to accompany an offer at any time.   I would also recommend working with an agent that can get you out to see a new listing within the first 24 hours after it hits the market.  You should also find an agent that is experienced in working with bank, REO Real Estate Agencies and HUD.   I always keep a purchase contract on me at all times!

I am glad that I have some buyers although the price range and terms of these type of deals makes it harder to earn a buck.  I also have a seller that just rehabbed one of these homes and is offering it at $75,000.  I should have that one listed on MLS next week.

If you have any direct needs or questions, please don't hesitate to call me directly at 513-478-3794.  I can also refer you to a lender to get a great interest rate on your home.

Have a great day!
Derek Tye

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years.  For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com .  Don't miss our Testimonials!


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Posted by
Derek Tye
2010 Realtor of the Year: Southern Ohio Association of Realtors
The Tye Group with Keller Williams Seven Hills
Ph: 513-549-7469 Fax: 513-842-7818
www.CincyOhioHomes.com
derek@derektye.com

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