Keller Williams Realty West Chester Archives

5 Reasons 2016 is the Year to Buy a House

How do I choose the right lender?

Why Use a Real Estate Team Instead of a Single Agent

Can my real estate agent represent me on new construction?

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Can my real estate agent represent me on new construction?

January 24, 2016 by Eric Lowry

Can my real estate agent represent me on new construction?

Yes! You can and should use a real estate agent to represent you with a new construction home purchase.

If you skip using a real estate agent for building a new construction home, you will be entering into a complicated, legally-binding contract for hundreds of thousands of dollars WITHOUT representation. Doesn’t that sound like a very bad idea?

You might say, “But there is an agent working for me with the builder.” Unfortunately, that’s where many people are misinformed. The agent you meet at a model home or when you call a builder, does not work for you. That is the “Builder’s Rep” and they work for the builder. Without your own real estate agent, there is no one watching out for your best interests.

Bottom Line: When making quite possibly the biggest purchase of your life, you definitely want your own real estate agent to represent you.

Thinking of building a new house?
Contact The Lowry Team today to get started. 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:

Oaks of West Chester – New Construction

Search the entire Cincinnati MLS for Homes For Sale

Why Use a Real Estate Team Instead of a Single Agent

January 24, 2016 by Eric Lowry

Why Use a Real Estate Team Instead of a Single Agent

Are you trying to decide if you should use a real estate team instead of a single agent? You might be wondering what the difference really is. The difference is actually very significant, and can affect whether or not your experience is easy and stress-free.

Have you ever considered all the different hats a Realtor must wear for any given real estate transaction? Many people don’t realize all that a Realtor does aside from put a sign in a yard and show homes. The real estate market and buying/selling process has become very complicated, and it’s very rare to find a single agent who can skillfully handle all the different aspects of a real estate transaction. When you use a real estate team instead of a single agent, you get:

Focused, Expert Agents – A Real Estate Team is made up of several team members including Listing Specialists, Buyer Specialists, a Transaction Coordinator, a Marketing Director, and Inside Sales Associates. The team members specialize in their own aspect of the home buying and selling process. They need not try to juggle all the balls that a single agent must. Every part of the buying or selling process is handled with care, expertise, and 100% focus. Single agents cannot possibly provide this at such a high level as they are juggling all of the aspects of a real estate transaction and often for several different clients at a time.

Intensive Marketing – A Marketing Director does all the marketing for the team and their clients. This position is especially important to home sellers, as they provide much more intensive marketing for your home than a single agent would have the time or resources for.

A Higher Level of Client Care – Realtors who are part of a team have support staff to help make the process a breeze for you as a client. Such team members are completely client-focused and are available at all times to answer questions and help you with any concerns you may have throughout the process. Having such a team makes for much more happy and satisfied clients.

The Bottom Line? When you use a real estate team instead of a single agent, you will get much better results in less time with your home buying or selling experience.

Thinking of buying or selling a home? Contact The Lowry Team today 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:

Preparing Your Home For Sale: 10 Tips For Staging a Home

Search the entire Cincinnati MLS for Homes For Sale

5 Reasons 2016 Is The Year To Buy A House

January 22, 2016 by Eric Lowry

If you’ve been considering buying a house, 2016 is the year to take the plunge. Several factors have all come together, creating a perfect storm for home buyers to get out there and purchase a home. Here are the top 5 reasons why 2016 is the year to buy a house…

Reason #1: Interest rates are at record lows
While interest rates are at historic lows (hovering right around 4% on average), The Federal Reserve is expected to increase interest rates soon. That means your window for getting a record low interest rate is closing. It’s expected that we will never see interest rates this low again.

Reason #2: Down payment requirements won’t break the bank
The actual amount required for a down payment to buy a home is significantly lower than most people realize. There are currently many low or no down payment options for buyers purchasing a home.

Reason #3: Home prices are stabilizing
Home prices that have been climbing steadily over the last few years are finally stabilizing, creating a great opportunity for buyers to finally get out there and purchase a home. This creates a more level playing field for buyers so they can drive a harder bargain with sellers.

Reason #4: Credit Score requirements are low
The actual credit score needed to qualify to buy a house is currently much lower than many people think, and has been dropping steadily over the last several months.
Reason #5: Rents have skyrocketed
Rents have increased faster last year than at any time since 2007, and are expected to continue to climb throughout the year. Often times, buying is a better deal than renting. You could end up paying signficantly less each month for housing. Either way, you’re paying your landlord’s mortgage or you’re paying your own. Wouldn’t you rather put that money back into your own pocket?

Questions about buying a house?
Contact The Lowry Team today 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:

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

West Chester Houses For Sale Under 250K

West Chester Houses Under 250K

January 21, 2016 by Eric Lowry

West Chester Houses Under 250K

Looking for a house in West Chester under $250,000? View full details and photos of all available houses for sale under 250K in West Chester Ohio. Our Homes For Sale information is a direct feed from the Multiple Listing Service (MLS) and is updated every 5 minutes.

West Chester Ranches For Sale Under 250K

West Chester Condos For Sale Under 250K

For more information on West Chester Houses under $250,000 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:

Search the entire Cincinnati MLS for Homes For Sale

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

Search the entire Cincinnati MLS for Homes For Sale

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

January 16, 2016 by Eric Lowry

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

Many Americans are unclear on how much of a down payment they need in order to buy a home. Misinformation about down payment requirements is one of the biggest reasons why more people don’t even consider buying a home. They simply don’t think that they can.

In a recent study done by Fannie Mae, 40% of Americans “Don’t Know” how much down payment is required to buy a home, while another 15% think you need at least 20%. A further 21% think you need at least 10%. That’s 76% of people who are misinformed about their ability to buy a home.

You may be wondering what the actual amount of down payment needed to buy a home is. The answer is that it depends on the type of loan you want to get.

The accompanying chart illustrates the average down payment amount that buyers put down based on loan type. For all loans across the board, the average down payment is 21% of purchase price. For a Conventional Loan, the average is quite high at 31%, but can go as low as 3%. VA Loans, which are known for the option of putting 0% down, average at 2%. FHA loans allow as low as 3.5% down, however the average falls around 4%.

The actual amount required for a down payment to buy a home is significantly lower than most people realize. Don’t let a common misconception keep you from buying your dream home.

Contact The Lowry Team to evaluate your ability to purchase your dream home. 513-874-1830

The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking 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, Inside Sales Associate and a Marketing Director.

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:

First Time Homebuyers Frequently Asked Questions

Increase Your Family’s Net Worth

Common Real Estate Terms You Should Know

What credit score is needed to buy a home?