Monroe OH Real Estate: 245 Rachel Lane, Monroe, Ohio 45050

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New Listing On LowryTeam.com…

 

245 Rachel Lane, Monroe, Ohio 45050

Monroe, Ohio 45050

Monroe Local Schools

$139,900  – Three Bedrooms – Two Full Baths

This Is A Terrific Ranch Home In Monroe, Ohio:

  • Perfect For The First Time Homebuyer!
  • Warm, Inviting Family Room w/ Cathedral Ceilings
  • Wood Burning Fireplace
  • Fully Equipped Kitchen Includes Newer Dishwasher & Refrigerator
  • Formal Dining Room 
  • Master Bedroom w/ Adjoining Full Bath
  • Large, Flat Rear Yard
  • Storage Shed Included
  • Located On A Cul-de-Sac Street
  • Close To Schools, Shopping & Expressways
  • Washer & Dryer Included
  • One Year Home Warranty
  • Three Car Garage
  • One Year Home Warranty
  • Close To Schools, Shopping, Dining & Expressways

Wondering what your home is worth in today’s real estate market?  Request a market analysis here!

 Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

West Chester OH Real Estate: Business Week Article On Home Buying

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Business Week magazine has a pretty interesting article on the opportunities that are out there for home buyers right now.  I don’t agree with the title, but the information is very valid.

Click here to read the article from Business Week magazine

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Ohio?

Search the entire MLS here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

West Chester OH Real Estate: To Rent or To Buy, That is the Question

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A question that surfaces on most people’s mind at some point is, whether to rent or to buy a home or condo.  The first thing that pops to mind is affordability but there are other factors, such as job stability, relocation possibilities and lifestyle.  If you intend on being in an area like West Chester, Liberty Township, Fairfield Township, Mason or Monroe, Ohio for at least two more years, your income is steady and purchasing a home fits your lifestyle then it is time to break out a pen, paper and a calculator and see if buying makes more sense financially than renting.

At first glance buying a home makes more sense than renting because of the ability to gain equity in a home, especially in today’s market with the lowest home prices in years and historically low interest rates.  For First Time Homebuyer’s there is also the $8000 tax credit for purchasing a home to factor in.

There is no sense making a two column list when it comes out to equating the cost of renting and buying.  Renting is a fixed equation, the monthly number typically doesn’t change.  To compute your costs for buying a home you look at the following:

  • Purchase price
  • Down payment amount
  • Loan Amount
  • Loan Term
  • Interest rate
  • Property taxes
  • HOA fees
  • Monthly mortgage payment
  • Home owner’s insurance
  • Mortgage insurance

Your monthly costs will include your mortgage payment, property taxes, insurance, and any HOA dues that may exist.  If these numbers add up to an amount you can afford it could make sense for you to purchase a home instead of rent.  The important thing to remember is that once you buy a home you are not going to have a landlord to rely on to make repairs so factor in putting aside some extra money for a home repair and maintenance account.

Buying a home is an important decision and one which can add to future security and financial stability if done with great thought and evaluation.

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Ohio?

Search the entire MLS here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

West Chester, OH Real Estate: Home Buyer Tax Credit May Be Extended

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There has been a push in the House to get the First Time Home Buyer Tax Credit extended, as well as expanded.  Last week the House passed a bill extending the $8,000 tax credit into next year for military, diplomatic and intelligence workers who have been working overseas.  This bill’s passage leaves many hopeful that an extension for regular first time home buyers will pass as well.  Much of the increase of real estate sales has been attributed to the First Time Home Buyer Tax Credit.

There is a strong sentiment to extend the First Time Home Buyer Tax Credit because the real estate market is not seen as completely stable yet.  The hope is that if the tax credit is extended then real estate sales will continue to improve.  If the credit gets opened up to include all home buyers, as some would hope, then real estate sales volume is expected to pick up quite a bit.

Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Ohio?

Search the entire MLS here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

West Chester Ohio Real Estate: A Short Sale Could Be A Option

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“A Short Sale” has become quite a buzz word in real estate today.  Many people are unsure of exactly what this term means and how it might help someone.  For homeowners that have fallen behind on their payments or are having difficulties making their mortgage payments due to a hardship of some sort, a short sale may be an option that should be considered.  The most important point to make here is:  foreclosure does not have to happen!

In a recent study of homes in the West Chester and Liberty Township, Ohio areas that were facing a sale at the Sheriff’s Sale in Butler County, I found that a very high percentage of the homes had not been on the market for sale in the months leading up to the foreclosure.  The only conclusion that can be drawn here is that many homeowners don’t know that they can sell their home utilizing this process and avoid foreclosure and the extreme damage that is done to their credit.

A West Chester or Liberty Township, Ohio real estate short sale is an opportunity to get out from under a home you owe more money on that the current market dictates it’s value at.  A short sale is the process of negotiating with the mortgage company(s) to accept a short payoff (less than the balance owed).  For instance, you have a mortgage of $100,000, but your home is only worth $85,000 in today’s market.  The lender agrees to accept the proceeds from a sale at $85,000 as payment.  To qualify for a short sale you usually have to demonstrate an economic hardship like a job loss, family illness or some other change in your financial status.  Also important to note here is that you do not pay the real estate fees involved in the sale, the mortgage lender does.

If  you or someone you know could possibly benefit from a short sale, please feel free to call me directly for a confidential conversation at 513-874-1830.

Learn the current market value of your home!

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio

West Chester, Ohio Real Estate: New Listing In Beckett Ridge!

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My Newest Listing…

 

8185 Pepperwood Drive, West Chester, Ohio 45069

West Chester, Ohio 45069

Lakota Schools

$165,000  – Three Bedrooms – One Full Bath, One Half Bath

This is a terrific two story home in West Chester, Ohio:

  • Perfect for the 1st time homebuyer! 
  • Private wooded lot
  • Located minutes from the Beckett Ridge Country Club 
  • Laminate Floors
  • Vaulted Great Room w/ Wood Burning Fireplace
  • Eat-In Kitchen
  • Formal Dining Room
  • First Floor Laundry 
  • New Carpet
  • Finished Lower Level Rec Room
  • Two Car Garage
  • Close To Schools, Shopping, Dining & Expressways!

Check Out My Feature Homes For Sale In West Chester and Liberty Township, Ohio