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seller's market

2nd Sunday Handmade Dayton Spring Market at the Wandering Griffin

February 9, 2025 By Amanda Delotelle

🌸 Join us every second Sunday from February to May 2025 at the Wandering Griffin Brewery & Restaurant in Beavercreek, Ohio, for a vibrant market featuring unique, handcrafted goods by local makers!

15+ vendors – from jewelry and art to home decor and delicious baked goods, there’s something for everyone! Brought to you by Handmade Dayton and Gem City Bakehouse. Don’t miss out on this perfect chance to find one-of-a-kind items and support small businesses in your community! 🎨🧁

Right across the street from Wright State University and WPAFB, the Wandering Griffin is your place to be for live music, exciting events, and your next private party. Serving those who serve us since 2019.

📅 Mark your calendar and bring friends and family for a day of creativity, community, and shopping local!

#HandmadeDayton #DaytonCraftMarket #ShopLocalOhio #DaytonOhio #WPAFB #BeavercreekOhio #SupportLocalArtisans #DaytonEvents #HandmadeWithLove #GemCityMakers

Tagged With: bakery, bazaar, Beavercreek, Beavercreek Chamber of Commerce, Craft Beer, Craft Beers, Craft Vendors, Dayton Brewery, Dayton Entrepreneurs, Dayton Free events, Dayton patio, Fairborn, farmers markets, Fine Arts and Crafts, Food Vendors, hand crafted, handcrafted, local art, Local Artists, local bazaar, local beer, local breweries, local business, seller's market, spring, Vendor Market, vendors

5 Tips for Making a Competitive Offer in the Dayton Real Estate Market

June 13, 2019 By Teri Lussier

It’s 2019, it must be a Seller’s Market, right?
Well in Dayton, that depends on the location and the price point.

Photo by Lea Böhm on Unsplash

Upscale homes can linger on the market or may need to reduce their price in order to sell, so if you are buying a home in that market, you can probably take your time. But in the more affordable price range, it’s definitely a Seller’s Market. How do you make a great offer in a hot Seller’s Market? Below are 5 steps provided by Freddie Mac and me, to help buyers make offers, along with some additional information for your consideration:

1. Get Pre-approved.
“Don’t even think of submitting an offer without a strong pre-approval letter.”
Getting pre-approved will not only show home-sellers that you are serious about buying, but it will also allow you to make your offer with confidence because you’ll know that you have already been approved for a mortgage in that amount.

2. Determine Your Price
“You’ve found the perfect home and you’re ready to buy. Now what? Your Realtor will be by your side, helping you determine an offer price that is fair.”
Based on your agent’s experience and key considerations (like similar homes recently sold in the same neighborhood or the condition of the house and what you can afford), your agent will help you to determine the offer that you are going to present.

3. Submit an Offer
“Once you’ve determined your price, your agent will draw up an offer, or purchase agreement, to submit to the seller’s real estate agent. This offer will include the purchase price and terms and conditions of the purchase.”

Talk with your agent to find out if there are any ways in which you can make your offer stand out in this competitive market! A licensed real estate agent who is active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer. It’s not always possible, but I try to reach out to the listing agent to see if they can share any specific needs the seller might have. Perhaps they need a flexible closing date, or they would prefer occupancy after closing. If we can find out those details prior to submitting an offer, it can help. Buyers sometimes me about the effectiveness of a heart-felt letter to the sellers. I have seen that work, but I have also seen it not make a difference at all. Most sellers are more concerned with their bottom line and your ability to secure a loan and follow through on the purchase, than your emotional feelings towards their home, and a letter may not address either of those issues, and in fact it could put you in a weaker negotiating place if you overshare. Discuss with your Realtor to make sure it’s a smart move in your situation.

4. Negotiate the Offer
“Oftentimes, the seller will counter the offer, typically asking for a higher purchase price or to adjust the closing date. In these cases, the seller’s agent will submit a counteroffer to your agent, detailing their desired changes, at this time, you can either accept the offer or decide if you want to counter. Each time changes are made through a counteroffer, you or the seller have the option to accept, reject or counter it again. The contract is considered final when both parties sign the written offer.”

If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues, you can typically negotiate repairs that may need to be made with the seller or possibly cancel the contract altogether.

5. Act Fast
“The inventory of homes listed for sale has remained well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.”

Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as quickly as possible. This is a bigger problem in certain markets than others. For example, as I was writing this, I calculated the absorption rate for the zip code of 45420. The absorption rate is a calculation of how quickly it would take the current For Sale inventory to sell, if no other homes came on the market. We use the absorption rate to determine if we are currently in a strong buyers or sellers market, with six months considered a normal, or balanced market. For the zip code of 45420, in a price range of $85k-$145k, the absorption rate is 2.7 months! Good news if you are a seller, but that’s hyper-competitive for buyers. Don’t delay putting in an offer on a home you love!

Bottom Line
Whether buying your first home or your fifth, having a local, full-time Realtor on your side is your best bet in making sure the process goes smoothly.

 

Filed Under: Community, The Featured Articles Tagged With: house buying, Real Estate, seller's market, Teri Lussier

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July 19 @ 10:00 am - July 20 @ 3:30 pm

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July 19 @ 9:00 am - 2:00 pm Recurring

Shiloh Farmers Market

The farmers’ market is located on the corner of Main St. & Philadelphia Dr, in the parking lot of Shiloh...

+ 24 More
7:00 am - 11:00 pm

Butler County Fair

July 20 @ 7:00 am - 11:00 pm

Butler County Fair

We've got an amazing lineup of local talent playing every night from 5:30 to 9:00 PM — and it's FREE...

8:00 am - 5:00 pm

Summer Restaurant Week

July 20 @ 8:00 am - 5:00 pm

Summer Restaurant Week

Try unique menus at many of Dayton’s classiest places for reduced prices, all while raising money for charity. July 20-27,...

8:00 am - 5:00 pm Recurring

Clark County Fair

July 20 @ 8:00 am - 5:00 pm Recurring

Clark County Fair

Live Entertainment, Carnival Rides, Antique Show, Livestock Show, Home Brew Contest, Truck Tug-O-War, Truck Pull, Demolition Derby, O.S.T.P.A. Tractor Pull,...

8:00 am - 5:00 pm

Shelby County Fair

July 20 @ 8:00 am - 5:00 pm

Shelby County Fair

Join us for the 165th Annual Shelby County Fair, located right here in Sidney, Ohio July 20 - 26, 2025.  We...

9:00 am - 12:00 pm Recurring

Downtown Troy Farmers’ Market

July 20 @ 9:00 am - 12:00 pm Recurring

Downtown Troy Farmers’ Market

Downtown Troy Farmers' Market will run Saturday mornings 9:00 am to 12:00 pm from June 22nd, 2013 through September 21st,...

12:00 pm - 3:00 pm

9th Anniversary 9 Course Meal

July 20 @ 12:00 pm - 3:00 pm

9th Anniversary 9 Course Meal

Join our exclusive 9-Course Bluefin Tuna Cutting Experience — a one-of-a-kind culinary showcase you don’t want to miss. Fresh. Artful....

$99
12:00 pm - 5:00 pm Recurring

The Gothic Market

July 20 @ 12:00 pm - 5:00 pm Recurring

The Gothic Market

 Entry: In order to attend this event, you must have tickets in advance. Not only is it cheapest to get...

$10 – $13
2:00 pm - 4:00 pm

“Escape to Murderville”

July 20 @ 2:00 pm - 4:00 pm

“Escape to Murderville”

Get ready for a night of mystery, mayhem, and margaritas at “Escape to Murderville”–the ultimate Jimmy Buffet-themed murder mystery dinner...

$25
+ 10 More
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