Transferring Real Estate After DeathI have helped friends prepare for the inevitable by counseling them on what will happen to their parent’s home when they pass. It’s not the
Capitalize on YOUR investments!
Dated: March 1 2018
This article published in Spring, 2018
If you like the idea of capitalizing on YOUR investments,
The Seed Planter advises you that
2018's Real Estate Market is prime for sellers! According to Zillow, home values in Ohio have gone up 4.7% over the past year with a prediction of another 2.6% this year.Homes in the Miami Valley continue to see a sizable increase in market value. An article published in Dayton Daily News on December 31st, 2017 had this to say,
A 6.3 percent upswing in housing values in Montgomery County seems to be touching all quarters, including Dayton. Although values rose greater in the southern suburbs like Washington Twp., Kettering and Oakwood......The median residential sales price of a home in the five-county area served by the Dayton Area Board of Realtors through November of this year rose to $134,000, a 5.9 percent increase over last year. The average sales price is up more than 5.7 percent over 2016 to $155,822 based on 15,036 sales of single family homes and condominiums.
Why has this been the trend?
Low housing inventory
Rising Interest Rates
73% of top executives say that the U.S. economy will improve or improve significantly, according to the latest Imprev Thought Leader Economy & Housing Outlook Study. Corporate headlines have been the buzz in the news. AT&T announced that they will pay $1,000 bonuses to more than 200,000 employees and invest $1 billion in the U.S. in 2018. Comcast is set to due something similar with 100,000 of their non-executive employees AND spend more than 40 billion in the next 5 years on investments that are expected to, according to Chairman and CEO Brian L. Roberts, create "thousands of new direct and indirect jobs." Additionally, Wells Fargo is raising their minimum wage to $15/hr.
When people feel good about their long term employment, they are more likely to invest in long term plans.... like home ownership. This growing confidence in the economy is bringing buyers into the market place with a limited supply.
According to business owner, Ron Young of Young's Publishing, Inc., publisher of Real Estate for Sale magazine, "Consumers continue to pickup our free real estate guides (found in grocery stores) to gander at their local market activity." This leads to internet searches where curiosity develops into the possibility of home ownership.
NOW is a great time to get your home on the market.
Still not convinced?
Allow me to generate a free Market Analysis on your home.
Eric Groff, REALTOR®, MRP, SRS
What are you passionate about? What drives your motivation? You deserve an agent that advocates for YOU! You need a resourceful agent that provides timely solutions. You need a strong negotiator i....
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