Monday, March 14, 2011

Hiring a REALTOR is Beneficial to You and Your Future!

As spring approaches, more and more people will list their home for sale. People are anxious to get out and see what is new on the market.

The internet provides a wealth of information that people rely on to produce the results they are looking for.  The real estate section of your local newspaper is another resource that provides information for current listings and open houses.
While the internet and newspapers are good foundations when starting your search, seeking out an experienced real estate agent is your essential connection to the inside real estate world. The knowledge your agent can provide far exceeds and extends what you will find online or in the newspaper.
There is a difference between a real-estate agent and a REALTOR. Although both are licensed to sell real estate, according to the National Association of REALTORS, a REALTOR must adhere to the Code of Ethics, which is strictly enforced.
Finding the right agent that listens to your needs and then diligently works to meet them is a lot like finding a good friend. Working with an expert in the industry will not only assist in streamlining the house hunting process for you, but also eliminate some of the worrying and stress.
The home buying process can seem overwhelming. Hiring a buyer’s agent is free and they can help you make the right selection, maneuver through obstacles and simplify the financing process. Their job is to look out for your best interest at all times and guide you in every way. Making the wrong decision is costly.
Similar to doing your research when house hunting, you should research local real estate agents backgrounds, reputation and experience.  Remember to find references that can provide firsthand accounts of their experience working with the particular REALTOR you have in mind.
Ultimately, your decision should be someone who you feel comfortable and confident working with. The relationship you establish can last well into the future and create a successful financial situation for all.

Wednesday, January 19, 2011

Area Market Statistic Averages

The numbers indiciated by the fourth quarter market statistics show that average number of home sales were down slightly compared to 2009 but the average sale prices for some of the areas did increase.
                                                       2010                                                           2009                       
Fourth Quarter            Avg. #    Avg. Sale   SP % LP                   Avg. #      Avg. Sale     SP % LP
       Sales                  of Sales       Price                                      of sales          Price                       
North Canton                 65        $143,370     97.45                         78           $141,368       95.79   
                                                                                                                                                          
Plain Township             94        $114,646     94.26                         121         $127,945       95.7     
                                                                                                                                                         
Jackson Township         79        $205,209     96.08                         108         $200,201       96.69   
                                                                                                                                                         
Perry Township             62        $94,498       101.38                       89           $91,989         96.53   
                                                                                                                                                         
Massillon                       55        $64,617       97.55                         78           $71,851         97.18  
                                                                                                                                                          
Lake/Uniontown/Hartville         24        $127,940     98.12                         56           $159,942       106.72 
                                                                                                                                                         
Green                             49        $171,080     99.82                         65           $174,429       95.19    

The real estate market is recovering slowly. If your home is on the market but not selling as quickly as you would like don't get discouraged. A slight price reduction may attract a new demographic of buyers.   

*Statistic information compiled from the Northeast Ohio Real Estate Exchange