This Month In Real Estate – June 2010, Courtesy of LowryTeam.com and Keller Williams Realty Associate Partners
Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale! 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
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…
Mortgage Interest Rates: The tax credits are gone and if you are looking for a reason to buy a home, look no further. Thirty year fixed rate mortgages are 4.60% today according to Third Federal Savings. This is amazing. Just look at this example of what these low rates really mean:
$200,000 mortgage amount @ 5.50% = $1135.58 monthly principal & interest payment
$200,000 mortgage amount @ 4.60% = $1025.29 monthly principal & interest payment
This example shows a monthly savings of $110 on your mortgage payment and this is compared to a mortgage interest rate of 5.50% which is a historically low rate itself!
Has the real estate market stablized? Get your personal real estate market update and monitor home values in your neighborhood. You’ll see homes for sale in your neighborhood right now, you’ll see detailed information on homes that have sold and best of all this personal market update will be delivered completely free and directly into your inbox with no obligation. Get your real estate market update right now at www.HomeValuesInCincy.com
Our facebook fan page of the week is: The Square at Union Centre You can find information on the Farmers Market, the free concerts that are there on Thursdays through the summer and more. As of this writing their page has 88 fans, so I ask that you check out their fan page, become a fan and invite your facebook friends to do the same.
While you are on facebook checking out the The Square at Union Centre fan page, please visit and become a fan of our facebook page:
Search the entire MLS here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!
Visit My YouTube channel at: www.youtube.com/LowryTeam
Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio
Looking for a new home is not like shopping for a new pair of shoes, it is one of the most important purchases that a person will make in his lifetime and should be approached with an examining eye. While it is true that it is easy to search homes for sale and fall in love with it on one’s own, the benefits of using an experienced top selling Realtor are many and can save a home buyer a great deal of unwarranted pain and money in the long run.
There are a few things to realize and remember as a both a first time home buyer and a veteran home buyer. A Realtor will not only help you negotiate a price for a home but will also help you along every step of the process which will include getting a whole house and termite inspection, radon testing, mortgage financing and the title process among other things.
While a buyer may have his heart set on a particular home for sale, a top selling Realtor will make sure that the buyer is taking all of the most important factors into account and knows exactly what they are buying so that there are no surprises come closing day and move in day.
Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?
Search the entire MLS database of homes for sale here!
Wondering what your home is worth in today’s real estate market? Request a market analysis here!
Visit My YouTube channel at: www.youtube.com/LowryTeam
Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio
Is a short sale or foreclosure the right deal for you?
With the first-time homebuyer tax credit deadline having come and gone, you may be asking yourself, “What now?” Fortunately, the door is now open to a new wave of savings: distressed properties.
For many buyers, the term foreclosure brings up images of run-down homes with no heat and rotting wood. While this is still the case for some homes, it’s no longer the standard. In fact, first time buyers are snatching up distressed deals in decent condition for great prices.
According to a November 2009 Keller Williams Research Buying Distressed Properties Survey, 40 percent of all buyers for bank-owned foreclosures (REOs) were first-time buyers in 2009. 50 percent of all short sale buyers were first-time buyers.
By definition, a distressed property is one that was purchased with a loan and the homeowner is no longer able to make their mortgage payment resulting in foreclosure – or if they’re lucky a short sale – meaning they owe more on the home than it’s currently worth. With a 20 percent increase in foreclosures from 2009, distressed properties still remain a large portion of home sales and are going to continue well into 2010 as homeowners continue to feel the effects of an economy on the mend.
If you’re in the market looking for a home in West Chester or Liberty Township, Ohio and are prepared for a unique transaction, a short sale or foreclosure property for sale can be a great option. Here’s why:
Prices are low – Buying a foreclosed (bank owned) property is an excellent way to get a home for less. Research shows you can save 10-40 percent over the price of similar properties in a traditional sale.
Mortgage costs are low – With rates hovering near historic lows, financing costs to are favorable. Keep in mind, rates are always changing. It’s important to begin the pre-approval process so that you know how much you can realistically afford.
You have options – The number of homes in some stage of the foreclosure process still remains high. RealtyTrac, a site dedicated to tracking foreclosures across the country, estimates that there are approximately 2.1 million homes in some stage of foreclosure in the United States.
Sellers and lenders are motivated – According to data from RealtyTrac, in April, one in every 387 households in the country has received a foreclosure filing. The bottom line is that many sellers are still feeling the pain of a down economy and are anxious to out get from under a home that is putting stress on their current financial frustrations. While it is still an emotional transaction, these sellers are willing to come down on price or even consider concessions such as helping out on closing costs. Banks holding on to large portfolios of Real Estate Owned (REO) properties want to unload quickly – and price these home to sell.
Your best ally when purchasing a short sale or foreclosure property is an expert. Always have a professional REALTOR® by your side to help you make informative decisions.
For more information about short sales and foreclosures in the West Chester, Liberty Township, Beckett Ridge and Mason Ohio areas call me or email me. We are happy to help!
Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?
Search the entire MLS database of homes for sale here!
Wondering what your home is worth in today’s real estate market? Request a market analysis here!
Visit My YouTube channel at: www.youtube.com/LowryTeam
Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio
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…
Buying A Home: One of my favorite writers and the author of Seth’s Blog, Seth Godin had a great blog post last week on how to buy a house. Actually he termed it how to think about buying a house. It is an really good article that is definitely worth taking the time to read. You can read How to buy A house here
Mortgage Interest Rates: The interest rate on a 30 year fixed rate mortgage was just 4.90% this morning. If you are thinking about a 15 year fixed rate, you can get that today for just 4.25%. Both of these rates were with no points. These mortgage rates come courtesy of Third Federal Savings. With rates this low, moving up to a larger or newer home seems like a very good decision. For instance… if you are currently in a home with a $200,000 mortgage at 6.00% your principal and interest payment is $1199. Moving up to a home with a $300,000 mortgage at 4.90% carries with it a monthly principal and interest payment of $1592, just under $400 more. Clearly there are many factors to consider including your job security, other monthly bills, etc., but if the time is right for you personally, this is a great opportunity to move up!
Keller Williams RED Day: Keller Williams Realty Red Day plans are underway! On May 13th, the Keller Williams Associate Partners office will be conducting a huge food and clothing collection drive for Reach Out Lakota!!!! Praying the day will be a huge success…Please RSVP to let us know if you would like to donate…we’ll come to your home on May 13th and pick up your donations. All you have to do is leave it out on your front porch for us. To RSVP, please visit our Lowry Team Real Estate Facebook Fan Page!
Thinking Of Selling?: It is spring in West Chester and Liberty Township and this is a time of year when many homeowners think about putting their home on the market for sale and now is a good time to do so. But first, consider finding an experienced real estate professional to consult with you. It is very important that your home is ready for the market, there clearly are improvements that are critical to your home selling for the most money possible. You can get our 20 Steps To Help You Sell Your Home In Today’s Market here for free. This will get you started. Also, be sure that you get a detailed market value analyis of the value of your home so that you start out day one on the market at the right list price. You can request a Free Market Value Analysis here. In today’s market, experience counts. Your choice of a real estate agent could determine if your home sells at all! Let us know if we can help.
Our Facebook Fan Page of the week is: Taste of Cincinnati. The Taste of Cincinnati is just a month away now. Taste of Cincinnati USA is held every Memorial Day weekend in downtown Cincinnati. Started in 1979, it is now the nation’s longest running culinary arts festival.. Check out their Facebook page for all of the details. As of today they have 2394 fans.
While you are on facebook checking out the Taste Of Cincinnati fan page, please visit and become a fan of our facebook page.
Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?
Search the entire MLS database of homes for sale here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!
Visit My YouTube channel at: www.youtube.com/LowryTeam
Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio
What is a Market Snapshot? A Market Snapshot is a detailed real estate market report providing you with information on homes for sale and recent home sales in your West Chester, Liberty Township, Beckett Ridge, Fairfield Township, Monroe or Mason Ohio neighborhood.
Detailed information on each home is included on an interactive map as well as statistical data, all of which comes directly from the Greater Cincinnati Multiple Listing Service (MLS).
Get your West Chester Real Estate Market Update delivered right to your inbox:
Thinking of buying a home in West Chester, Beckett Ridge or Liberty Township, Fairfield Township, Monroe or Mason Ohio?
Search the entire MLS here! Wondering what your home is worth in today’s real estate market? Request a market analysis here!
Visit My YouTube channel at: www.youtube.com/LowryTeam
Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio