The monthly Standard & Poor Case-Shiller Home Price Report was released today (July 27th) for May 2010. After two months of declines in February and March, we are now on a new rising trend for April and May. It sure seems that we have created a basis for grwoth from here.

You can find more information about the most recent Standard & Poor’s Case-Shiller report at these links:

• U.S. News and World Report
• Los Angeles Times
• The Economist

Courtesy Billie Hara via Flickr

In some cases there is much discussion, hand-wringing and consternation about the Assessed Value vs. Fair Market Value of a home during the selling/buying process. It’s interesting that sellers would want a low assessed value while living in the house (lower tax bills) but then would appreciate a higher assessed value when listing their home with me. Knowledgeable Real Estate Agents will always try to coach buyers and sellers to understand that the correlation between Assessed Value and Fair Market Value is very loose – at best.

To help explain and offer further insight, you may find this article about Assessed Value vs Fair Market Value from a REALTOR in Massachesetts interesting.

Home buyers are becoming more demanding as the real estate market is returning to the “pre-tax-credit” envrionment. When the tax credit was in effect there was some feeling that sellers were being stubborn — thinking and positioning that buyers were getting the credit — why should the seller reduce the price or otherwise negotiate further. Now, with the expiration of the tax credit, buyers are re-asserting their leverage.

According to an article by The New York Times:

“Exacting buyers are upending the battered real estate market, agents and other experts say, leading to last-minute demands for multiple concessions, bruised feelings on all sides and many more collapsed deals than usual.”

You can have direct access to the complete New York Times article by clicking here.

Photo courtesy
DOPAMINEHARPER via Flickr

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If you would like to see the discussion on msn.com click here. ]]> http://www.homesforcincy.com/home-seller/9-decor-trends-to-skip/feed/ 0 http://www.homesforcincy.com/home-seller/sibcy-cline-listing-indian-hill/ http://www.homesforcincy.com/home-seller/sibcy-cline-listing-indian-hill/#comments Sat, 12 Jun 2010 19:08:25 +0000 Kathy Landstra http://www.homesforcincy.com/?p=4334

Listed by: Kathy Landstra

Great Indian Hill Location

7775 Calderwood Lane
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Unique opportunity in Indian Hill neighborhood. House is situated on a beautiful 3 acre lot on quiet cul-de-sac. Neighborhood is in convenient location to schools, shopping and highways. Large rooms and nine-foot ceilings provide great opportunity for you to customize.

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