It's not a presidential or congressional election year, but there are still many important races taking place this year around the Miami Valley. After all, just like real estate, politics is local. Each year your DABR Legislative/RPAC committee interviews candidates from many communities to get their take on real estate issues and how they would address REALTORS'® concerns. It's a completely non-partisan approach, with no merit given to party affiliation. The priority is simply on the answers and the candidate's record of supporting real estate issues.
For Election Day on Tuesday, November 3, the Legislative/Committee encourages you to support the following candidates:
Sales of single-family and condominium units reported by the Dayton Area Board of REALTORS® in August saw more gains in sales prices. At the same time, the number of homes sold in the Miami Valley surged from 2014 posted figures.
August’s average sales price totaled $145,872, exceeding last year’s monthly figure by two percent. That number couldn’t quite match last month’s high-water mark, but it was still the highest posted August average sales price on record. Meanwhile, the median price saw a small decrease to $124,000, down three percent from last year.
When you hire a real estate agent, it’s important to understand whose side she’s on as you select a home to buy (or list your current home for sale) and head towards closing, where the actual transfer of ownership happens. There are a lot of ways agents may represent clients. Yours might represent:
- Only You
- Only the parties in the transaction
- Everyone in the deal
For many families, this time of year means one thing: vacation time! More and more people could be taking that vacation in their second home.
The National Association of REALTORS®’ 2014 Investment and Vacation Home Buyers Survey shows vacation home sales accounted for 21 percent of all sales in 2014, up nearly 58 percent from the previous year. That represents their highest market share since the survey was first taken in 2003. Even as activity picks up, the market remains good for buyers. This means that if you’ve been dreaming of buying a vacation home, now may be the time.
Saving for a down payment can seem like an overwhelming task if you’re on a tight budget. It’s not easy to make a plan, stay on that plan no matter what, stay motivated even when your plan goes temporarily awry, and finally achieve your desired result. So how do you get from, ‘I want to to be a homeowner’ to ‘Give me the keys?’ Simple: Set a goal.
Goal setting involves establishing specific, measurable, realistic and time-targeted goals.
So how does that relate to your down payment? When it comes to buying a home and getting together the money required, there are tricks and tips you can use to make it easier and make that goal achievable.
"Why should I use a REALTOR® when I can sell my house myself and save having to pay the commission?" That is probably one of the most frequently asked questions someone in the real estate business hears.
Contracting with a REALTOR® to help sell a house is well worth the money paid once you fully understand the broad range of services such a real estate professional can offer.