Real Estate in Northwest Ohio

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 1, 2020

Leaving Money on the Table

Leaving Money on the Table

Sometimes we hear of sellers who say (very inaccurate) things such as "I can sell my home for more money without paying for a REALTOR®" or perhaps they feel a REALTOR® is "overpaid" for what we do.

Why do some sellers feel that "For Sale by Owner" (FSBO) is the right path? Because many REALTORS® do a horrible job of explaining what we do!

We could easily give you the list of 144 things that must be done for every transaction to close, but the most important thing we do is to keep more money in your pocket - where it belongs!

In 2017, agent-listed property sold for an average of $250,000.

In 2017, FSBO property sold for an average of $190,000.

WHAT? Is that right?

Yes, these numbers are accurate averages for sales in the United States. (Source: National Association of REALTORS®)

How do you feel about leaving so much money on the table? Your home is an investment, and REALTORS® take that seriously.

We may make it look easy, but you should never believe that selling real estate is easy.

Selling real estate is all we do - it's our passion, and our purpose. Put us to work and protect your investment!

Aug. 17, 2020

Beginning to Buy

What is the Process of Buying a House?

This is a hot topic with mortgage interest rates at record lows, and what means it's especially competitive for buyers.

The smart place to begin is with a letter of preapproval from your lender. Your lender will collect some information from you on your income and debt, and will help you to make a determination on your budget.

Let's say you are one of those folks who calls to inquire on a property, and when you are asked by the REALTOR® if you have a preapproval letter, you respond by saying "Well, not yet... I just want to see the house."

Let's also say the REALTOR® agrees to show you the house without having a letter of preapproval.

Let's ALSO say you walk through the house and fall in love with it.

Without having the letter in-hand, your offer will be meaningless and you will have set yourself up for disappointment.

Perhaps you haven't yet gotten your letter because you aren't sure what is the minimum credit score required to buy a house. Despite this, we strongly encourage you to meet with a lender (even by phone or Zoom) to discuss your current situation. 

Once you have a letter in-hand you can look at houses with confidence knowing you are ready, willing, and able to move forward when you see "The One."

Posted in Real Estate Tips
July 27, 2020

Here's Your Sign

Do Political Signs Hurt my Real Estate Listing?

When it's time to sell your home, you have just seconds to captivate a potential buyer at the curb. Eight seconds to be precise. (Yes, that's scientifically proven.)

When it comes to the messages in your yard, let your REALTOR® display the most important sign - "FOR SALE."

In fact, it's the only sign you need! (Trust us on this.)

Face it: We all have political opinions. And today, it seems like those opinions and messages are more polarizing than ever before.

When you sell a property, you're selling a product -- not an opinion. It's also important to remember that real estate is not blue, and it's not red. Rather, real estate is "purple," so it's important to sell your product (your property) to a ready, willing, and able buyer. 

The only sign your need is the one telling the ready, willing, and able buyer that your property is for sale.

Are you ready for your sign? We have one... and we have agents of choice who can counsel you through the process!

 

Posted in Real Estate Tips
Aug. 5, 2019

It's Official!

Giant Scissors

One snip makes everything official.

I'm the chair-elect of the Advisory Board for the Findlay-Hancock County Chamber of Commerce, and until this past Saturday I had never seen such a giant pair of scissors in person.

There is something big about the start of a new business - something big enough that can only be started with a giant pair of scissors.

With my wife at my side, my kids helped me to cut the ribbon. That is a memory I will always cherish.

Flag City REALTORS® opened on May 1, 2019 so our ribbon cutting and open house was a great way to thank all of those who support us, and who had key roles in our successful start. 

I'm so proud of the team in this office. Each of our agents invests in their own education, and in protecting consumers' rights.

Your goal is our goal.

Every. Single. Time.

Thank you to the hundreds of people who joined us this past weekend. We are thankful for your trust, and we remain #InvestedInYou.

Posted in About Us
July 24, 2019

Dialing the Number on the Sign

What is Dual Agency? 

Many times the listing agent is the first call that folks will make - they see the listing agent's name on the sign. If the listing agent also works with and represents a buyer in a transaction, he/she becomes what is known as a dual agent.

The listing agent may know details about the house, but a dual agent certainly cannot represent the same way as a buyer's agent.

Here is why:

A dual agent is one who represents both the buyer and the seller in a real estate transaction. If you want to purchase a property and contact the listing agent to show the property, or to write an offer, that agent must act in a neutral capacity, per Ohio law. A dual agent cannot openly advocate for or against either party.

A dual agent becomes a "facilitator" instead of an advocate.

What does this mean for you? The choice in representation is yours to make. Real estate transactions can become tricky, and you have the right to your own representation for the transaction. Choose a buyer's agent that is properly credentialed and experienced to represent you.

What about when you sell your home. Do you want your agent to potentially represent both parties? You can ask your agent to only represent you in the transaction. Just as when you make a purchase, selling can become tricky, and you will likely come across a point of discussion where you need an advocate.

Keep in mind that dual agency is legal in the State of Ohio, and it can be practiced ethically and successfully, but the representation you hire is your choice as the consumer. 

Whether you are looking to buy, sell, or if you aren't sure where to begin, please call our team at Flag City REALTORS®. We are invested in you.

Posted in Real Estate Tips