Eric Lowry's Articles Archives

5 Reasons 2016 is the Year to Buy a House

How do I choose the right lender?

Why Use a Real Estate Team Instead of a Single Agent

Can my real estate agent represent me on new construction?

Search the entire Cincinnati MLS for Homes For Sale

Buying a House in a Sellers Market

January 24, 2016 by Eric Lowry

Buying a House in a Sellers Market

If you’re thinking about buying a house this year, it’s important to be educated about the current real estate market conditions.

There is a 3-4 months inventory of homes for sale on the market right now, which is very low. When inventory levels are between 6-7 months, it is considered a balanced or neutral market. Anything more is considered a buyers market, and anything less than 6 months is considered a sellers market.

What this means is that since there is a low supply, and still a lot of demand, the current real estate market favors home sellers. There is greater competition among buyers which means that homes are selling very quickly. When a new listing comes on the market that interests you, it’s important that you contact your Realtor right away so you can view the home as soon as possible. If you wait a few days to go see it, it likely will have already sold.

This sellers market also means that homes are selling very close to list price. On average, homes in our area are selling at 98% of list price. So if you really love the house and don’t want to lose out to another buyer, you must make a very strong offer. Trying to make a low ball offer in this market is not going to work.

In addition to making a strong offer price, you must also be prepared to provide a pre approval letter with your offer. A pre approval letter strengthens your offer because it shows the seller that you have the financial capability to purchase the home. So it’s imperative you choose the right lender and get pre approved before looking at homes.

Ready to start your home search? Contact The Lowry Team at 513-874-1830.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

5 Reasons 2016 is the Year to Buy a House

How do I choose the right lender?

Why Use a Real Estate Team Instead of a Single Agent

Can my real estate agent represent me on new construction?

Search the entire Cincinnati MLS for Homes For Sale

How do I choose the right lender?

January 24, 2016 by Eric Lowry

How do I choose the right lender?

When buying a home, the first step is to get pre approved. However, that can be easier said than done. Many home buyers aren’t sure how to pick the right lender for their home mortgage.

Some buyers just go with their bank where they have their checking and savings accounts. However, that’s not always the best choice. There are many reasons to at least speak with a second lender to see how they compare.

Some lenders might be able to save you a lot more money than your bank would. This can be for various reasons; sometimes they can offer a better interest rate on your mortgage, and some lenders will even waive or reduce fees to earn your business.

Most home buyers typically look at homes and write offers in the evenings or on the weekends when they are off work. But guess what, banks aren’t open at those times. It’s nearly impossible to get in touch with a typical bank lender in the evening or over the weekend.

Lenders who work for smaller companies are much easier to get in touch with late in the evening or over the weekend. They don’t set strict hours for themselves from 9-5 and will go the extra mile to make sure you are taken care of.

In this market, when you find a home you love, you have to move fast. The ability for you or your agent to easily get in touch with your lender can mean the difference between you getting or losing your dream home.

The Lowry Team has over 16 years of real estate experience and can confidently recommend a great mortgage lender to help you purchase your dream home. Contact The Lowry Team today to get started. 513-874-1830

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Can my real estate agent represent me on new construction?

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Search the entire Cincinnati MLS for Homes For Sale

Can my real estate agent represent me on new construction?

January 24, 2016 by Eric Lowry

Can my real estate agent represent me on new construction?

Yes! You can and should use a real estate agent to represent you with a new construction home purchase.

If you skip using a real estate agent for building a new construction home, you will be entering into a complicated, legally-binding contract for hundreds of thousands of dollars WITHOUT representation. Doesn’t that sound like a very bad idea?

You might say, “But there is an agent working for me with the builder.” Unfortunately, that’s where many people are misinformed. The agent you meet at a model home or when you call a builder, does not work for you. That is the “Builder’s Rep” and they work for the builder. Without your own real estate agent, there is no one watching out for your best interests.

Bottom Line: When making quite possibly the biggest purchase of your life, you definitely want your own real estate agent to represent you.

Thinking of building a new house?
Contact The Lowry Team today to get started. 513-874-1830

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Oaks of West Chester – New Construction

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Search the entire Cincinnati MLS for Homes For Sale

Why Use a Real Estate Team Instead of a Single Agent

January 24, 2016 by Eric Lowry

Why Use a Real Estate Team Instead of a Single Agent

Are you trying to decide if you should use a real estate team instead of a single agent? You might be wondering what the difference really is. The difference is actually very significant, and can affect whether or not your experience is easy and stress-free.

Have you ever considered all the different hats a Realtor must wear for any given real estate transaction? Many people don’t realize all that a Realtor does aside from put a sign in a yard and show homes. The real estate market and buying/selling process has become very complicated, and it’s very rare to find a single agent who can skillfully handle all the different aspects of a real estate transaction. When you use a real estate team instead of a single agent, you get:

Focused, Expert Agents – A Real Estate Team is made up of several team members including Listing Specialists, Buyer Specialists, a Transaction Coordinator, a Marketing Director, and Inside Sales Associates. The team members specialize in their own aspect of the home buying and selling process. They need not try to juggle all the balls that a single agent must. Every part of the buying or selling process is handled with care, expertise, and 100% focus. Single agents cannot possibly provide this at such a high level as they are juggling all of the aspects of a real estate transaction and often for several different clients at a time.

Intensive Marketing – A Marketing Director does all the marketing for the team and their clients. This position is especially important to home sellers, as they provide much more intensive marketing for your home than a single agent would have the time or resources for.

A Higher Level of Client Care – Realtors who are part of a team have support staff to help make the process a breeze for you as a client. Such team members are completely client-focused and are available at all times to answer questions and help you with any concerns you may have throughout the process. Having such a team makes for much more happy and satisfied clients.

The Bottom Line? When you use a real estate team instead of a single agent, you will get much better results in less time with your home buying or selling experience.

Thinking of buying or selling a home? Contact The Lowry Team today at 513-874-1830

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Preparing Your Home For Sale: 10 Tips For Staging a Home

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved