The Lowry Team Keller Williams :: The Advantages Of Buying A Home

October 29, 2014 by Eric Lowry Leave a Comment

“The Advantages Of Buying A Home”

The Joint Center for Housing Studies of Harvard University reported “5 Financial Reasons To Buy A Home.”

1. Housing is the one leveraged investment available. According to the Harvard report, “Home ownership allows households to amplify any appreciation on the value of their homes by a leverage factor.”

2. You are paying for housing whether you own or rent. The report states, “Home owners pay debt service to pay down their own principal while the households that rent pay down the principal of a landlord.”

3. Owning is usually a form of “forced savings.” Harvard research has found, “Having to make a house payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

4. There are substantial tax benefits to owning. This is because “home owners are able to deduct mortgage interest and property taxes from their income.”

5. Owning is a hedge against inflation. Research done by the Joint Center for Housing Studies at Harvard University indicates that, “Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

There are many advantages of buying a home, financial or otherwise. If you are considering buying your first home you can start your home search here:

Click Here to search the entire Cincinnati MLS for Cincinnati Real Estate for sale.

Buying a home as a first time homebuyer is a complex process, one that a real estate agent specializes in navigating. A real estate agent will advocate for you and your interests throughout the whole process, which makes it important for you to find the agent that will best fit your needs.

The Lowry Team takes a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator and a Marketing Director. This ensures that you get more focused attention and your home buying or selling process goes as smoothly as possible.

Contact The Lowry Team of Keller Williams Realty Associate Partners today to get in touch with a real estate specialist.

The Lowry Team is an award winning, full service real estate firm. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

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:

Buying A Home In Today’s Market

What You Should Know Before Buying A Home

West Chester Ohio Is One of The Best Places to Live

West Chester and Liberty Township Ohio Real Estate Market Report

The 6 Most Essential Home Buyer Tips

First Time Home Buyer Homes For Sale In West Chester

Search the MLS for Homes For Sale

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West Chester Ohio Home Values

January 21, 2013 by Eric Lowry Leave a Comment

What Is My West Chester Ohio Home Worth??

Do You Know What You Need To Do To Sell Your Home In Today’s Market?

Call Eric Lowry and The Lowry Team – Keller Williams Realty For More Information:

513-874-1830

http://www.LowryTeam.com/sell

When you’re looking for a top selling real estate agent to help you negotiate the complexities of selling a home, you’ve come to the right place. We can assist you with defining exactly what West Chester Ohio Home Values currently are. The experience, dedication and strong communication you’ll receive with Eric Lowry and the Lowry Team will help ensure the successful and profitable sale of your home:

1. The Local Advantage – All real estate is local! Take advantage of our extensive technologies and tools to support the sale of your home from start to close, all built to be effective in our areas of specialization, the West Chester, Beckett Ridge, Liberty Township, Fairfield Township & Mason Ohio real estate markets.

2. Our Hassle Free Listing System – Don’t sign a long term listing contract with a real estate broker that you can’t get out of! We give you the right to cancel your listing at anytime. Mind you, we don’t think you will, because we are aggressive marketers of real estate and we do what we say we will do. It’s our way of giving you a Service Guarantee!!

3. Internet Advertising – Since nearly all of home buyers start their search on the internet, “Premium Placement” on search engines is essential. Our Hassle Free Listing System will provide our “Premium Placement” advertising to promote your home on all of the major websites including Google, Realtor.com, KW.com, LowryTeam.com, and many other websites. We will build virtual tours of your home and also create a YouTube video of your home This will maximize your exposure and bring a large number of potential buyers to view information about your home.

4. Email Campaigns – It’s important to “work the network.” We can work together to identify the right people to target your home-and get in touch with them by email to drive excitement and interest. We already have lists of potential buyers to market your home to and we also use social media channels like Facebook and Twitter to find potential buyers of your home.

5. Personal Touch – Of course, technology alone won’t sell your home. Face-to-face interaction provides the advantage to sell your home-and you won’t have to worry about a thing. The details will be handled with care and constant communication, to ensure the marketing and sale of your home go smoothly.

West Chester Ohio Home Values : Receive a custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market. This guarantees you receive the most accurate information available.

We Will Sell Your Home In 88 Days Or We Will Sell It For Free

December 2, 2012 by Eric Lowry Leave a Comment

We Will Sell Your Home In 88 Days Or We Will Sell It For Free!

We are so confident of our marketing strategies to get a home sold that we will guarantee we will sell your home in 88 days or we will sell it for free.

Call Eric to learn more: 513-874-1830 or Send Eric Lowry an Email Message Here

Learn More About Eric Lowry and The Lowry Team Here

View The Lowry Team’s Homes Listed For Sale Here

Find Your Home’s Value Here

LowryTeam.com Real Estate Trends Report – August 2011

August 23, 2011 by Eric Lowry Leave a Comment

Here is the newest edition of our LowryTeam.com Monthly Real Estate Trends Report covering sales for July 2011. This report, published monthly, provides a look back at the last six months worth of real estate data for West Chester, Beckett Ridgeand Liberty Township, Ohio. It is a local trends report and makes no attempt to draw overall conclusions or make predictions for the larger real estate market. In fact we believe that anyone that makes an attempt to predict future, national real estate market conditions or draws conclusions on recent historical data nationally is just out of touch with reality. There is no such thing as a national weather forecast and there is no such thing as a real estate one either. ALL real estate is local!

The source of our data is the Greater Cincinnati Multiple Listing Service. By seeking out and understanding the trends in our market place we are better able to forecast the upcoming market conditions and counsel our clients on pricing strategies to get their home sold for the highest possible price. Any thoughts and insight into what may occur in the future are solely our opinions and forecasts.

The first thing we look at is unit sales for the last six months (February – July):

It’s all about the sales numbers right now:

As we move towards the end of August and look back at this most recent six months of data, the trend that we are watching for right now is to see if there will be a continued softening in unit sales as we saw in 2010. The graph for this year’s sales show very little of what we typically call the spring market. Sales in July of 2011 finally were up over the sales numbers for July of 2010. The sales in July 2010 really dropped off after the expiration of the Homebuyer Tax Credits that were in place last year. These tax credits had really propped up the home sales in the first half of 2010.

Everyone was excited to see the increase of unit sales over the same month in the previous year. This was the first time we had seen this happen since January. What does this really mean though? First, based on the very low comparisions for the rest of the year vs. 2010, this is a trend that we are likely to see continue for a number of months in a row. And secondly, a look at how these July sales numbers stacked up against the July sales numbers for previous years is perhaps a better place to draw some perspective.

While the sales figures for July (2011 vs 2010) were up, the July 2011 sales were the second lowest in the past decade for the West Chester & Liberty Township Ohio real estate market for the month of July.

When considering the health of the housing market, everything hinges right now on home sales. Home prices will not be able to show any stability in the foreseeable future with the amount of inventory (homes for sale) that we currently have on the market vs. the number of homes that are actually selling. We have a large oversupply of homes for sale in West Chester and Liberty Township and this only puts further pressure on listing and sale prices. We believe that home values will continue to fall. For homeowners needing to sell, the best chance to get the highest price for their home is to get the home sold in the very near term. It truly is all about the home sales numbers right now!

Average sale price for the last six months (February – July) is next:

In this graph you can see the movement of the average sale price for West Chester and Liberty Township, Ohio real estate sales from January 2010 through July of 2011. The trend line continues to show you a gradual decline for average home sale prices. Average sale price gets quite a bit of attention in the media with reports that quote “home prices fell” or “home prices rose” in this particular quarter or month or whatever. The average sale price is nothing more than what it’s called – an average price of all of the homes sold in a particular time frame.

However, just to be clear here, homes are not worth more now than they were at the beginning of the year. Any increase or decrease in the average sale price is reflective of the activity of that time frame not the exact value of any one home. Falling home values do clearly effect the average sale price, but that is not the whole story. The mix of homes and their values definitely play a part in this fluctuation, ie., many more lower priced homes selling than in the luxury market.

List to sale price ratio:

The List to Sale Price ratio is calculated by dividing the final sale price into the list price to find the percentage of the list price that a given home sells for. The West Chester and Liberty Township Ohio List to Sale Price Ratio was 96.91% for July 2011. As you can see the monthly List to Sale Price Ratio has seen some big swings up and down in the last year. The swings up and down are an indicator of the lack of stability in the West Chester and Liberty Township real estate market right now. The highlighted center area of the graph shows what appears to be the middle ground right now for the market.

Summary:

As we have stated previously in the LowryTeam.com: West Chester, Beckett Ridge and Liberty Township real estate market update, our market remains challenging, yet full of opportunity. Clearly the value of homesin the area has fallen over the past couple of years and frankly, the values are likely to fall farther. The primary threats or obstacles to the second half of 2011 real estate market and any potential recovery are continued high unemployment, a considerable oversupply of homes for sale and the potential loss of the mortgage interest tax deduction. Interest rates have settled back down and are at historical low levels around 4.25% which provide a great environment for buying a new home.

Wondering what the value of your home currently is? We would be happy to provide you with a detailed market value analysis of the value of your home. You can request your Market Value Analysis here

Your comments and questions are always welcome!

Other related posts you may be interested in:

What Are Mortgage Interest Rates In West Chester & Liberty Township OH?

West Chester & Liberty Township OH Real Estate Market Breakdown – July 2011

Tuesday Open House: Tips for Homesellers In West Chester, Liberty Twp & Mason Ohio

July 12, 2011 by Eric Lowry Leave a Comment

It’s Tuesday, so this must be the Tuesday Open House.

What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… good internet marketing does… but it seemed like a good title for this weekly blog post.

It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

This week the Tuesday Open House features several articles for home sellers in West Chester & Liberty Township & Mason, Ohio.

The first is from KCM Blog which is one of my favorites. The title of the article is: A Window of Opportunity for House Sellers. It’s worth a read. It mirrors my belief that home prices will continue to come under pressure in the last half of this year as our huge oversupply of homes for sale continues to grow. You can read the entire article here>> A Window of Opportunity For House Sellers

From the CNBC Realty Check blog is this article on the impending changes in loan limits. Loan Limit: Will It Or Won’t It Hurt Housing? This is a national real estate article and clearly real estate markets are different across the country. I wrote a blog post here on RealEstate-Ink.com detailing my thoughts on this matter for the West Chester, Liberty Township & Mason Real Estate market recently. You can find my article right here>> Loan Limits Changing – Does it matter? and you can read the CNBC article here>> Loan Limit: Will It or Won’t It Hurt?

And for those of you that just love the national reports on home values and prices. This article on Forbes.com on the Case-Shiller home index and many other firms that report (or attempt to) on home values across the country is full of data and detail on home prices>> What Can Homeowners Learn From Case-Shillers Home Price Index? For those that would like real, local real estate data and information on home values, Contact A Real Estate Professional!

Searching for homes for sale? Search all of the homes for sale in West Chester, Beckett Ridge, Liberty Township, Mason or Monroe Ohio… Search The MLS

FHA Mortgage Loan Limits Changing – Does It Matter?

June 27, 2011 by Eric Lowry Leave a Comment

FHA Loan Limits Maybe Changing In West Chester, Liberty Township & Mason Ohio

FHA loan limits may be changing this fall in Butler & Warren Counties, including places like West Chester, Liberty Township & Mason Ohio. The question is, does it really matter to the housing market? On the face of it, it would seem to be a big deal. Having the FHA mortgage loan limit changing from a current level of $337,500 to a smaller loan limit of $271,050 in Butler & Warren County is a big change, actually almost a 20% drop in the loan limit. So that is big.

But, as I said before, does it really matter? A look inside the housing numbers for areas in Butler County like West Chester, Liberty Township and Mason OH indicates it may not be that big of a deal. So far in 2011, there have been 50 closed sales in the $280,000 – $350,000 price range (the range that would be eliminated by the loan limit reduction) in West Chester & Liberty Township. Of those 50 closed sales, 8 of the buyers used FHA financing which is 16% of the sales. In Mason, there were also 50 closed sales in that range in 2011 and just 6 of those buyers used FHA financing which is of course 12% of the sales. (Disclaimer: the sales data referenced here came from the Greater Cincinnati Multiple Listing Service).

So, will the housing market be negatively impacted by the change that is set to occur. The housing sale numbers in West Chester, Liberty Township & Mason would seem to indicate that they would not be. The fact is some of the homebuyers that did use FHA financing in this price range, may have done so because they could use this lower down payment mortgage program (3.5% down payment) not because they needed to. It is very likely that at least some of these homebuyers could have made a larger downpayment if they would have needed to.

Why is this change in the FHA loan limits set to take place at the end of September? To get the federal government out of the mortgage business is the answer. They want the mortgage market to move back towards private investors buying mortgages and reduce the overly large percentage that are now being bought by the federal government. The long term impact of this policy change may very well be higher interest rates, but then, those are inevitable anyway!

This isn’t to say that other areas of Ohio and our country may be more directly impacted by this change, but the impact in West Chester, Liberty Township and Mason, Ohio should be very small.

You comments and questions are always welcome!

Is it time for you to buy a home? Start your search for a new home in West Chester, Liberty Township or Mason Ohio Here!