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Toledo Area Real Estate Blog

Who pays the buyers agent?

6/4/2018

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Home buyers sometimes have difficulty understanding that they do not have to pay a commission to their Realtor. The concept can be confusing. The custom in the real estate industry is for the buyer agent to be paid out of the total commission that the seller is paying to sell their home. It is also known in the industry as the "Co-Broke".

To protect both the seller and buyer, the Ohio Real Estate Commission has required that each selling agent disclose to their potential seller what the policy is for their particular agency regarding the percentage or amount of commission (the co-broke) that a buyers agent will be paid for bringing a successful buyer to the transaction. From the sellers point of view, they want to know that their potential selling agent is offering an attractive co-broke so that agents will have an incentive to show their home.

If the co-broke is too low, some agents will tend to avoid a property which results in fewer showings.

As Profession Property Stagers, Kelley and Ann have achieved a high level of professionalism that is directly related to their ability to get your home sold fast for the best possible price.

​Give Kelley a call or text at 419-779-6229 today. Thanks!

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The Advantages of Working with a Realtor with a Brokers License

5/30/2018

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With lots of Realtors to choose from, how do you narrow down your choices. We're talking about the biggest financial transaction most people are ever involved in, so making the right choice can be crucial.

One great indicator can be a Realtor who has earned their Brokers License. The requirements for achieving this level of licensing are far more stringent than those for a normal sales license. A Brokers License has higher educational requirement and tougher testing because the level of Broker carries with it additional responsibilities.

There is also a sale requirement to insure that potential and successful candidates have plenty of real world experience under their belts since they can be in the position of advising regular licensees from time to time. Brokers have well rounded sales experience. Even though there is a large number of real estate sales people, only about 10% of them do about 90% of the business.

You will find that those with Brokers Licenses tend to fall in this group. Kelley has her brokers license and Ann is in the process of working on hers. Both are well respected real estate professionals and would be honored to work with any buyer or seller looking for a competent agent.

Give us a call at 419-779-6229. Thanks!


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How to Create a Home Gym for About $100

5/29/2018

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​Almost everyone would like to be fit, but not everyone can afford or is comfortable with a gym membership. 

Here's some suggestions:

1. If you have an unfinished basement, paint the wall to brighten things up.

2. Put some graphics or words of inspiration on the wall for motivation.

3. Hang a chalk board that can be used to track your progress and schedule your workouts.

4. Try to locate some old gym lockers to create ambiance and provide storage.

5. Paint the rafters a dark color and add lighting.

6. Hang a long mirror to monitor your progress.

7. Add carpet remnants to have a nice floor surface area.

These suggestions should help you create a space conducive to your exercise goals, plus will add value to your home!

If you need expert help in getting your home ready for sale and effective home marketing designed to get you the most possible for your home, give me a call at 419-779-6229. Thanks!

To search for homes, visit: http://homesearch.toledoareahomes.com/idx/search/advanced


The Kelley Knitz Team is among the leaders in the Toledo area real estate market. 
Kelley is sharing her 25+ years of experience to help new home buyers and home sellers understand the complexities of the home buying process.
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Has Your House Been on the Market Too Long?

5/21/2018

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​The US is experiencing a good level of real estate sales recently with nearly 15,000 homes selling each day across the country. Locally, we are selling 20-25 homes per day.

However, there are some homes that are on the market but are not participating in the buying party. Almost any home that is not distressed should be getting serious action in a market like we're in. Owners of the homes that are not selling should understand that the likely cause is the asking price of the home.

The National Association of Realtors recently reported that there is a 4.2 month supply of homes on the market. A six month supply is considered a balanced market or normal market.

This means there aren't enough homes available to feed all the buyers, yet some homes remain on the market longer than they should.

The simple answer to this is that buyers are looking at value for money. If a house needs work, is cluttered or needs to be cleaned, it's hard for buyers to see the value. 

If a house is sitting on the market but is super clean, updated, and remodeled, the answer has to do with price. The amenities the house offers is not competitive with other homes in that price range. If the home is price properly in a market like this, you'll get multiple offers very quickly. If it's over-priced, it will sit on the market while buyers seek better value for their money. 

All sellers want the best price for their home possible. That's only natural. However, pushing the upper limits of the price/value ratio can leave you high and dry.

If you need some help in this regard, please call me at 419-779-6229. Thanks!
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Three Things That Can Affect the Value of Your Home

5/19/2018

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In the 2018 real estate market, we are experiencing what's known as a sellers market. This is created by an imbalance of more buyers than sellers. It's the supply and demand theory in action. The result is that there is a lot of competition between buyers for any desirable home that comes on the market. 

However, there can be a danger that complacent sellers may not be aware of. While the sellers are in the drivers seat, they should be careful not to take too much for granted. 

When presented with multiple offers - a currently common occurence - sellers need to carefully consider all aspects of the offer and try to see past the dollar signs and look for the least complicated deals.

There are many hurdles between the accepted offer and the closing table and what should have been a slam dunk could backfire.

Sellers should be prepared to work with buyers through each of the possible pitfalls, including:
1. An unexpected interest rate change.
2. A low appraisal.
3. Home inspection issues.

Each of these present the buyer and seller with decisions they may not have considered. For the seller, walking away from these challenges is not always the best answer. While homes are selling briskly, we are still looking at a 3-4 month supply on the market. 

If a seller decides to walk away from a demanding buyer it's important to remember that the home may have been off the market for 1-4 weeks while dealing with the process. Putting the house back on the market puts it in the not so fresh category from the buyers point of view. The home may get a negative perception in the market place.

More importantly, because of these circumstances, the home may not sell for as high a price as it would have originally. If repairs were requested and rejected, the seller may find the same requests again, only this time from a lower starting point. Statiscally, the longer a home is on the market the lower the selling price compared to the asking price. So, consider carefully if you are thinking of backing away from a deal.

For questions about the value of your home, our ad agency style marketing program, and comments from hundreds of satisfied customers, give me a call at 419-779-6229. Thanks!

To search for homes, visit: http://homesearch.toledoareahomes.com/idx/search/advanced


The Kelley Knitz Team is among the leaders in the Toledo area real estate market. 
Kelley is sharing her 25+ years of experience to help new home buyers and home sellers understand the complexities of the home buying process.
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    Kelley Knitz has been a RE/MAX agent for over 26 years and is in the RE/MAX Hall of Fame and is a long time member of the Toledo Board of Realtors Million Dollar Club.

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This site was last updated 11/22/2019
  • Home
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    • The Kelley Knitz Team
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    • Re/Max Preferred Associates
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    • Toledo Real Estate
    • Perrysburg Real Estate
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