The Maibaum ReportThe Maibaum ReportMarch 2008 Medina County Real Estate Information Medina County Real Estate Information

Pam Maibaum, RealtorSenior Real Estate Specialist (SRES)Accredited Staging Professional (ASP)Keller Williams Realty 101 Public SquareMedina, OH 44256

www.YourMedinaAgent.com

E-mail:pmaibaum@kw.comCell:330-321-2368

#1 Question Asked by you…What is the number one question I get asked by folks who want to sell their

homes?

“What are your numbers?”

Specifically, what are your average days on market compared to the market average and what is your sales price vs. listing price. These are very good questions as they are an indicator of any Realtor’s overall abilities.

Take a look at the graph below. I ran numbers from the multiple listing service going back 12 months. It’s really fascinating to see which price ranges are moving faster than the others, and which ones are getting closest to asking price.

So to answer the original question: my average days on market is 41, compared to Medina County’s average of 89. That means I get homes sold in less than ½ the time of my competitors! My % of asking price is 99% vs. market average of 97%. This means my sellers got 2% more money when they sold with me! I’d love to share my marketing plan with you. Please call me at 330-321-2368.

www.YourMedinaAgent.com …for more great real estate ideas!

If you’d like me to send this newsletter to you via e-mail, please send me a message at pmaibaum@kw.com.

DOM Avg. List Price Avg. Sale Price % of asking price # of closed listings150,000$ 200,000$ 84 175,953$ 170,192$ 97% 504200,000$ 250,000$ 76 226,489$ 219,688$ 97% 332250,000$ 300,000$ 83 276,386$ 268,609$ 97% 175300,000$ 350,000$ 112 327,154$ 315,621$ 96% 85

(as of 3/10/08) Average: 89 97%

Price RangeArea = Medina County - going back 1 year

If you are currently listed with another Realtor, please disregard this message.

                                                                    

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Medina County Home Sale Data

Get all sorts of buyer & seller tools at: www.YourMedinaAgent.com

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Pam Maibaum 330.321.2368Accredited Staging Professional (ASP)Senior Real Estate Specialist (SRES)

If you are currently listed with another Realtor, please disregard this message.

One of the biggest stressors a homeowner faces is choosing the right Realtor. Traditionally, if you’ve made the wrong choice, you’re stuck for the duration of your contract.

Not at Keller Williams. At KW, we put our clients first – always. If you list your home with me and your plans change, or if you are unhappy for any reason, I will release you without hassle.

Keller Williams’ win-win philosophy is why we’re on our way to being the #1 real estate company in Medina County!

Why do you need a Buyer’s Agent?

Do you know what it costs to work with a Buyer’s Agent when purchasing your home?

NOTHING – I’m FREE!!

1.  Commissions are paid in full by the seller, so my services are free when working with me to help you find your home. This includes buying NEW CONSTRUCTION!

2.  You don’t save any money by going it alone. For example...when there are 2 Realtors present in a transaction, the commission is paid by the seller and it's split between both Realtors.  If you buy your home without a Realtor, you don’t ‘save’ 1/2 the commission.  Instead, the seller's Realtor keeps 100% of it.  This is a very important point that most buyers are not aware of.

3.  By not securing representation from a professional Realtor, there is no one to look after your interests in the transaction.  The Realtor for the seller is required to represent the seller's interests first, not yours. 

4.  There are endless issues that arise once the home is under contract between you and the seller.  There are inspections to renegotiate, mortgages to apply for, and numerous closing details to work out.  Most people buy or sell only a few homes in their lifetime - why not use a Realtor to make sure you don't make a mistake with one of your largest investments?  Again, it's FREE!

Call me & we can go shopping together!

330-321-2368

Working with a Realtor to buy new construction is a good idea. I act as an impartial 3rd party that can help you determine what items offer the best return on investment for resale.

Should I wait ‘til the weather’s better to putmy home on the market?

Not necessarily….

If you review the sales data on the first page, you’ll see that average market time is about 3 months. Add on to that the 30-45 days it takes to close and you’re looking at mid-July. If that works for your timeline, then you’re ok to wait. But if you need to go sooner than that, you should think about getting on the market now. Aside from the blizzard we just had, buyers are out and the market is moving!

Buying new construction?