Houses for sale in Liberty Township Archives -

Moving to West Chester OH

Where Interest Rates Are Headed

What credit score is needed to buy a home?

What does it take to buy a home in today’s market?

Common Real Estate Terms You Should Know

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

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How long does it take to buy a house?

January 27, 2016 by Eric Lowry

How long does it take to buy a house?

Today buying a house takes longer than ever due to new lending regulations. The actual house hunting process takes only as long as you want it to. If you need to stick to a specific timeline you’ll want to keep in mind the following information and plan accordingly.

At the very beginning of your home search, you start with getting pre approved and meeting with a Realtor. Getting pre approved doesn’t take long at all and can generally be done in one day.

Once you are out looking at homes, you never know when you’ll find that perfect one. Your dream home could be the first home you see, or it could be the eighth. Putting in an offer and negotiating with the sellers takes around 1-2 days. Upon receiving an accepted contract, your lender has to start the ball rolling on their end. That is the piece that takes the longest.

Right now it’s taking on average 45-60 days to get from contract to closing. This is because in Fall of 2015, new regulations known as TRID were enacted. In very basic terms, TRID is meant to protect consumers by providing very clear and accurate disclosures of all fees. It also requires that lenders provide a closing disclosure at least 3 days before closing. So if you are planning on buying a house, plan on it taking a minimum of 60 days.

Questions about buying a house? Ready to start looking?
Contact The Lowry Team today at 513-368-3751

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:

How much does a Realtor cost when buying a house?

5 Reasons 2016 is the Year to Buy a House

What credit score is needed to buy a house?

How do I choose the right lender?

How much down payment do I need to buy a house?

Where are interest rates headed?

Why Use a Real Estate Team Instead of a Single Agent

Can my real estate agent represent me on new construction?

Search the MLS for Cincinnati Houses For Sale

Liberty Township Real Estate Market Update – January 2016

January 27, 2016 by Eric Lowry

Year Ends With Low Inventory for Liberty Township

Liberty Township Real Estate Market ended in a strong sellers’ market with a 3.2 month inventory of homes for sale. A 6 month inventory level is considered a balanced market. Anything under 6 months worth of inventory is considered to be an undersupply, favoring home sellers as opposed to favoring home buyers.

If inventory doesn’t increase soon, the market may stall. Thinking of selling your Liberty Township home? This significant lack of inventory makes right now a fantastic time to get your home listed for sale.

The average sale price of homes in Liberty Township is $294,044, which is up 3.06% from the same time last year. Home prices are on a steady rise; and are expected to continue to increase. Average days on market in Liberty Township is 98 days, compared to 88 last winter. The average list to sale price ratio for Liberty Township Real Estate is up just slightly at 97.95% compared to last year’s 97.48%. This number describes what percentage of the list price homes are actually selling for.

Questions about the Liberty Township Real Estate Market?
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:

Find Out The Current Market Value Of Your West Chester Home

Moving to West Chester Ohio

10 Ways To Improve The Resale Value Of Your Home

Tips For Selling Your House Fast

10 Tips For Staging A Home

Beckett Ridge Homes for Sale

West Chester Houses Under 250K

Search the entire Cincinnati MLS for Homes For Sale

How Much Does a Realtor Cost When Buying a House?

January 24, 2016 by Eric Lowry

How much does a Realtor Cost When Buying a House?

Home buyers pretty much always ask the same question when starting their home search: how much does it cost to use a Realtor? The answer might surprise you!

A Realtor’s services are invaluable to you in any real estate transaction, but no one wants to spend more money than they have to on Realtor fees. So good news! All the services of a Realtor and their entire team are free to you as a buyer!

You might be wondering how that is possible. Well, it’s because the buyers agent’s fees are paid for by the seller of whatever home you decide to purchase. So if you were worried about how much using a Realtor to find your dream home was going to cost you, relax. You seriously get all the benefits of working with a Buyers Specialist and their whole team, for free!

Ready to start searching for a house? Contact The Lowry Team at 513-874-1830

Request a Free Buyer Consultation Here

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

What credit score is needed to buy a house?

How do I choose the right lender?

How much down payment do I need to buy a house?

Where are interest rates headed?

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