Beckett Ridge Real Estate Archives

What Are Mortgage Interest Rates In West Chester & Mason Ohio?

September 23, 2011 by Eric Lowry Leave a Comment

What are Mortgage Interest Rates in West Chester, Liberty Township & Mason Ohio??

LowryTeam.com Mortgage Interest Rate Update

Have mortgage interest rates hit their lows? Will they continue to move ~~higher~~ lower? These are good questions. The truth of the matter is nobody knows for sure. We had seen an uptick in mortgage interest rates in West Chester & Mason Ohio earlier this year, only to see them sag back down again, as you can see on the graph. The interest rates are now hovering around in a range between 4.00% – 4.25% for a 30 year fixed rate mortage.

It has seemed like in West Chester and Mason Ohio that we had seen the lowest levels and that interest rates would likely continue to edge a little higher and then the economy shows continued weekness overall and the rates sag back down again. The only certainty that exists right now is that these are historically low rates for home purchases.

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5248 Leatherwood Drive West Chester OH – Beckett Ridge Home For Sale

August 18, 2011 by Eric Lowry Leave a Comment

Beckett Ridge Homes For Sale

5248 Leatherwood Drive, West Chester, Ohio 45069

Beautiful Home In Beckett Ridge! 5248 Leatherwood Drive West Chester Ohio 45069. Bright, Open Floor Plan! Vaulted Living Room w/ Floor To Ceiling Windows, Great Fam Room w/ Wood Floors & Striking Stone Fireplace, Large Master w/ Adjoining Bath, 1st Floor Laundry, Finished Lower Level, Spacious Deck Overlooking Wooded Lot, Newer Siding & Windows (Energy Star). One Year Home Warranty!

Property Details

[property_details details=”1″]

Property Photos

5248 Leatherwood Drive West Chester Ohio Beckett Ridge Home For Sale

Living Room - Beckett Ridge Homes for sale

View From Above - Beckett Ridge Homes for sale

Family Room - Beckett Ridge Homes for sale

Finished Lower Level - Beckett Ridge Homes for sale

Master Bedroom - Beckett Ridge Homes for sale

Master Bath - Beckett Ridge Homes for sale

Rear Yard - Beckett Ridge Homes for sale

Rear Deck - Beckett Ridge Homes for sale

For more information on this Beckett Ridge home for sale and plenty more photographs visit our webpage: 5248 Leatherwood Drive West Chester Ohio 45069

Property Map

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For more information about this home or to schedule a time to see it, please complete the contact form below and we will get back to you as quickly as we can. You may also reach us by phone at 513-874-1830.

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!

Buying A Home In Cincinnati: Why Buy Title Insurance?

May 4, 2011 by Eric Lowry Leave a Comment

I was talking to my friend Dan Engen from the Cincinnati based Prominent Title Agency yesterday. We were discussing that many consumers are confused over what a title company does for them. As a result of that discussion he has outlined the role his company plays in the real estate transaction for the greater Cincinnati consumer.

Welcome to guest blogger: Dan Engen

What do we do?
Once a title has been requested, we order a search with an examiner. The examiner sends us a report that identifies mortgages, encumbrances, liens, or any other public information on the property. We take the report and create a title commitment stating all of the steps that must be done in order to close the loan (payoff liens, identify encumbrances; payoff mortgages; etc). The commitment must be clear in order for us and the lender to allow the closing. From there, we work with lenders; schedule the closing with all parties; and prepare a HUD-1 or Settlement Statement from information the lender provides in a closing package. We must follow the lender’s instructions exactly or they could refuse to fund the loan. After closing the loan, we then take all of the recordable documents to the courthouse and record them. Then we ship the package back to the lender for their review. Once the documents return from the courthouse we then issue a title policy to the lender.

What is Owners Title Insurance?
Title insurance is protection against loss if a covered defect is found in the title of the property. When you purchase a home, you are given a title to the property, which generally means you receive full legal ownership BUT sometimes there is a hidden mistake in a prior deed, will, mortgage, etc., that may give someone else a legal claim against your property.

Why is title insurance important?
Because it provides a safety fence around your property. Having title insurance can save you money, time, trouble and even your home.

What risks are covered?
1. Errors – Incorrect information in deeds, mortgages, public records, etc, such as wrong names.
2. Liens – Claims against the property or the seller that become the new owner’s responsibility after the sale. Examples are unpaid mortgages, taxes, sewer and water assessments, bills owed to workers or other creditors, etc.
3. Claims to Ownership – for instance, a claim to ‘marital interest’ by the spouse of a former owner or by a child of a former owner who was not mentioned in his or her parents’ wills.
4. Invalid Deeds – for example, transfer by a previous seller who did not actually own the property, or by a previous owner who was not mentally competent.

Many of these problems might not be discovered in a routine title search.

For more information on title insurance, call Dan Engen at Prominent Title Agency. You can reach Dan at 513-779-7714

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

West Chester & Liberty Township OH Real Estate: Tuesday Open House – May 3, 2011

May 3, 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 we are featuring 2 new listings that we have added to our great group of homes for sale in West Chester & Liberty Township.

5806 Countryview Drive, Liberty Township, Ohio 45011. A Terrific Home Located On A Terrific Lot! Features A Warm, Inviting Family Room w/ Wood Burning Fireplace, Eat-In Kitchen Includes Refrigerator, Formal Living & Dining Rooms, Large Laundry Room. Great Patio Perfect For Entertaining. Just Minutes To Bridgewater Falls. One Year Home Warranty!

8591 Rupp Farm Drive, West Chester, Ohio 45069. Beckett Ridge! A Must See Home Features A Vaulted 1st Floor Master w/ Luxury Bath, Granite Kitchen, 2 Story Family Room w/ Fireplace, Finished Walkout Lower Level w/ Possible 5th Bedroom, Full Bath & Workout Room, Large Deck, Beautiful Patio Overlooks Wooded Park-Like Lot, One Year Home Warranty. Close To Schools, Shopping, Dining & Expressways!!

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

West Chester & Liberty Township Real Estate: Tuesday Open House – April 19, 2011

April 19, 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.

This week the Tuesday Open House is all about homes for sale in West Chester & Liberty Township.

7029 Stanton Drive, Liberty Township, Ohio 45011. Welbourne Farms Subdivision. This Lovely Home Features A Beautiful Granite Kitchen w/ 42″ Cabinets, Warm & Inviting Family Room, 1st Floor Study, Finished Lower Level And Large, Luxury Master w/ Whirlpool Tub. Relaxing Patio Setting Overlooks Large Tree-Lined Backyard. Three Car Garage, One Year Home Warranty And Much More!!!

8822 Timberchase Court, West Chester, Ohio 45069. Beckett Ridge! Beautiful Park-Like Wooded Lot. Finished Lower Level w/ Bath, Cathedral Master w/ Adjoining Luxury Bath, Large Kitchen w/ Bright Breakfast Nook, 9′ Ceilings, Hardwood Floors. Close To Schools, Shopping Dining & Expressway. One Year Home Warranty And Much More. Don’t Wait!!

8215 Lindfield Drive, West Chester, Ohio 45069. Beckett Station! Warm, Inviting Family Room w/Gas Fireplace & Built-In Bookshelves. Large Kitchen w/Corian Counters, Stainless Steel Appliances, Breakfast Bay & Planning Desk. Luxury Master w/Whirlpool Tub. Freshly Painted, Neutral Interior. Three Season Room Overlooks Serene Wooded Park-Like Cul-De-Sac Lot!

6669 Wooden Shoe Court, Liberty Township, Ohio 45044. Dutchland Woods! You Must See This Updated 2200+ Square Foot Home. Beautiful Hardwood Floors, Large Family Room w/ Wood Burning Fireplace, Terrific Kitchen, Master w/ Adjoining Bath, Large Bedrooms, Fenced Yard, Cul-de-Sac Street, One Year Home Warranty. Pool Community!!

3049 Granny Smith Lane, Monroe, Ohio 45044. Applegate subdivision! Don’t Miss This Terrific Home Located On A Wooded Park-like Lot! Large Great Room w/ Gas Fireplace, Kitchen Features Breakfast Bay, Laminate Floor & Pantry, Master w/ Adjoining Bath, Finished Lower Level, Covered Patio And Much More. New Roof 2011. One Year Home Warranty. Wow!

6455 Anderson Drive, Liberty Township, Ohio 45044. Just Move In!! Don’t Wait To See This Great Home Featuring New Carpet, New Windows, New Kitchen Countertops & Laminate Flooring, New Refrigerator, New Smooth Top Range & More! Large Two Tiered Deck Perfect For Entertaining. Fresh Paint Thruout. Six Panel Doors. One Year Home Warranty!!

5334 Windbrook Trail, West Chester, Ohio 45069. Beckett Ridge! Terrific Ranch Condo Living. Large Eat-In Kitchen, Family Room w/ WBFP, Master w/ Adjoining Bath & Three Closets. Two Car Garage. Newer Carpet & Interior Paint. One Year Home Warranty. Maintenance Free Living!

9384 Colegate Way, West Chester, Ohio. Lake Princeton. Great Location. Large Family Room, Walkout Lower Level Rec Room w/ Stone Fireplace & Wet Bar, 2 Bedrooms Each w/ Full Baths, Close To Shopping, Dining, & Expressways, One Year Home Warranty, Lake & Pool Community.

8932 Lesourdsville West Chester Road, West Chester, Ohio 45069. A Great Opportunity – Perfect For The 1st Time Home Buyer! Shows Just Like New w/ Remodeled Kit, Freshly Painted, New Laminate Flrs, HVAC, Hot Water Htr, Windows & Roof. Close To Schools, Shopping, Dining & Expressways. One Yr Home Warranty!!

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