Mason Ohio Real Estate Archives

Tuesday Open House: Tips for Homesellers In West Chester, Liberty Twp & Mason Ohio

July 12, 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 the Tuesday Open House features several articles for home sellers in West Chester & Liberty Township & Mason, Ohio.

The first is from KCM Blog which is one of my favorites. The title of the article is: A Window of Opportunity for House Sellers. It’s worth a read. It mirrors my belief that home prices will continue to come under pressure in the last half of this year as our huge oversupply of homes for sale continues to grow. You can read the entire article here>> A Window of Opportunity For House Sellers

From the CNBC Realty Check blog is this article on the impending changes in loan limits. Loan Limit: Will It Or Won’t It Hurt Housing? This is a national real estate article and clearly real estate markets are different across the country. I wrote a blog post here on RealEstate-Ink.com detailing my thoughts on this matter for the West Chester, Liberty Township & Mason Real Estate market recently. You can find my article right here>> Loan Limits Changing – Does it matter? and you can read the CNBC article here>> Loan Limit: Will It or Won’t It Hurt?

And for those of you that just love the national reports on home values and prices. This article on Forbes.com on the Case-Shiller home index and many other firms that report (or attempt to) on home values across the country is full of data and detail on home prices>> What Can Homeowners Learn From Case-Shillers Home Price Index? For those that would like real, local real estate data and information on home values, Contact A Real Estate Professional!

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

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!

Tuesday Open House: West Chester Liberty Twp & Mason OH Homes For Sale

June 21, 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 the Tuesday Open House is all about our homes for sale in West Chester & Liberty Township & Mason.

8794 West Plain Drive, Mason, Ohio 45040.

5+ Acres In Mason Schools! 8794 W. Plain Drive, Mason, Ohio 45040. This Beautiful Setting Features A 1700+ Square Foot Brick Ranch Home, Large Barn, Large Scenic Pond, Fruit Trees And Grape Arbor – A Truly Serene & Peaceful Setting. Just Minutes To Deerfield Towne Center.

7653 Tylers Reserve Drive, West Chester, Ohio 45069

Beautiful 5 Bedroom Zicka Resale Home in Tylers Reserve! 7653 Tylers Reserve Drive, West Chester, Ohio 45069. Terrific Wooded Lot! Features Include A Gourmet Kitchen w/ 42 Cabinets & Granite Countertops, Hardwood Floors, 1st Floor Study, Formal Dining Room w/ Recessed Ceiling, Finished Lower LeveL w/ Wet Bar & Gas Fireplace(Perfect For Entertaining), Cathedral Master w/ Luxury Bath, Three Car Garage, Stamped Concrete Patio, Sprinkler System, Pool Community. One Year Home Warranty!

7060 Lindley Way, Liberty Township, Ohio 45011

Welbourne Manor! 7060 Lindley Way, Liberty Township, Ohio 45011, This Beautiful Home Features A Gourmet Kitchen w/ Granite Counters, Stainless Steel Appliances & Newer Upgraded Cabinets, Large Vaulted Family Room w/ Gas Fireplace, Luxury Master w/ Gas Fireplace & Adjoining Whirlpool Bath, Front & Rear Staircases & Terrific Screened Porch Overlooks Wooded Rear Yard. One Year Home Warranty. Pool & Tennis Community!

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!!

5248 Leatherwood Drive, West Chester, Ohio 45069

Beautiful Home In Beckett Ridge! 5248 Leatherwood Drive West Chester Ohio 45069. Seller Will Pay $2000 Towards Buyer’s Closing Costs. 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!

5806 Countryview Drive, Liberty Township, Ohio 45011

A Terrific Home Located On A Terrific Lot! 5806 Countryview Drive, Liberty Township, Ohio 45011. 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!

5204 Franklin Park Drive, Mason, Ohio 45040

Just Move In! 5204 Franklin Park Drive, Mason, Ohio 45040. This Terrific Townhome In Mason Is A Must See! Bright, Open Floor Plan Features Family Room, Dining Room, Finished Lower Level w/ Full Bath, Cathedral Master w/ Adjoining Garden Bath & Second Bedroom w/ Full Bath, One Car Garage. One Year Home Warranty!

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.

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 & Mason OH Real Estate: This Month In Real Estate – June 2011

June 12, 2011 by Eric Lowry Leave a Comment

This Month In Real Estate – June 2011

This month in real estate discusses the most common repairs that home sellers have to make prior to closing and the main purposes of a home inspection. For more information on the home buying or home selling process please contact us via email or call direct at 513-874-1830.

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

New Listing: Mason OH Crooked Tree Home For Sale

November 21, 2010 by Eric Lowry Leave a Comment

5141 Spire Oaks Drive, Mason, Ohio 45040

Mason, Ohio 45040

Minutes To Deerfield Towne Centre

Mason Ohio Schools

$262,500 – Four Bedrooms – Two Full Baths, Two Half Baths

This Is A Terrific Home – Finished Lower Level!

Crooked Tree Subdivision
Move In Condition
Beautiful Kitchen w/ Island, 42″ Maple Cabinets, Ceramic Tile Flooring & Breakfast Bay
Open Two Story Foyers
Warm, Inviting Family Room w/ Gas Fireplace
Cathedral Master w/ Adjoining Garden Bath
Formal Dining Room
First Floor Study w/ French Doors
Finished Lower Level
Much More – Don’t Wait To See This One!

Mason Ohio Crooked Tree Home For Sale On www.LowryTeam.com

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

Search the entire Cincinnati MLS – Homes For Sale! Find The Value Of Your West Chester, Liberty Township, Beckett Ridge & Mason, Ohio Home! Visit My YouTube channel at: www.youtube.com/LowryTeam