The Lowry Team Archives - Page 42 of 102 -

Search the Cincinnati MLS For Homes For Sale

Do I Need A Bigger Down Payment Before I Purchase A Home?

December 11, 2014 by Eric Lowry Leave a Comment

Q. Is it better to wait until I have a bigger down payment before I purchase a home?

A. It completely makes sense to want to have a bigger down payment before you buy. However, the longer you wait to buy, the more the house is going to cost you.

We have most likely already seen the lowest interest rates that we will see for awhile. Interest rates are projected to rise to 5% by 4th Quarter of 2015, according to Freddie Mac.

Not only are interest rates rising over time, but the cost of the house is increasing as well. If you take into consideration that both interest rates and the price are going up, are you going to be able to save what you consider to be a large enough down payment?

For example, if you were to purchase a $250,000 house at a 4.10% interest rate today, the monthly payment would be $1208. If you continue to save your money for a larger down payment, the same house will cost $260,000 with a 4.8% interest rate in September of 2015. Now your monthly payment will be $1364.13. That is a difference of $156.13 a month, $1873.56 a year or $56,207 over the course of a 30 year fixed rate mortgage.

Can you really afford to wait?

Contact Eric Lowry, CEO of The Lowry Team, for more information about the housing market, interest rates, buying or selling a home. He can arrange for a FREE Buyer’s Consultation to help you determine what the best course of action is for you.

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:

Where Will 30 Year Mortgage Rates Be In 12 Months?

Hire A Real Estate Agent To Get The Home You Want

Best Places to Live in Cincinnati

West Chester Ohio Is One Of The Best Places To Live

Southwest Ohio Schools In Top Ten On State Report Card

Factors To Consider When Buying A Home

Search Homes For Sale By Subdivision At CincyHomeSeller.com

New Construction Homes For Sale in Liberty Township

The Lowry Team Shares Things To Do Near Cincinnati

The Lowry Team: More Holiday Light Displays Near Cincinnati

December 10, 2014 by Eric Lowry Leave a Comment

Cincinnati Holiday Light Displays

It turns out that the list of holiday light displays near Cincinnati may be never-ending! Here are a few more holiday light displays that were not mentioned in our previous blogs.

Light Up Middletown –

Smith Park, 500 Tytus Avenue Middletown Ohio 45042
Driving tour through thousands of lights and themed areas
Open through December 31st
Hours are from 6 pm – 10 pm each night
Photos with Santa are available on Saturdays and Sundays for $10
Admission is by donation

Niederman Family Christmas Walk –

5110 Lesourdsville West Chester Road Liberty Township 45011
Walk through display tells the story of Christmas
Decorated trees, live animals, and music
Open through December 30th
Hours are Sunday – Thursday 6 pm – 9 pm, Friday – Sunday 6 pm – 10 pm
Hot chocolate and cookies are available for purchase
Wheelchair and stroller accessible
Admission is free – Donations accepted

The Lowry Team hopes you found this article helpful. Please share with friends and family that may be interested. Let us know if there are more holiday lights or activities that you would like us to mention!

Happy Holidays from The Lowry Team Family to yours!

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:

Holiday Light Displays Near Cincinnati

Holiday Junction At Cincinnati Museum Center

How To Make Guests Feel Welcome

Selling a Home During The Holidays

Search the Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

Where Will 30 Year Mortgage Rates Be In 12 Months?

The Lowry Team Keller Williams: Red Flags For Home Buyers

December 10, 2014 by Eric Lowry Leave a Comment

Red Flags for Home Buyers

Purchasing a home is often the largest financial investment a person makes in their lifetime. Therefore, it should be done with a lot of care and thought throughout the process. When looking for a new home there are some red flags for home buyers to be aware of:

Too many homes for sale – If there are a lot of homes for sale in the same neighborhood, I would do a little investigating. Try talking with some of the neighbors and contact the local police for crime reports.

Poor maintenance – If it appears that the house is not very well maintained, that may mean big bucks down the the road for the home buyer.

Freshly painted wall – The key word here is wall. If only one wall in a room or area has been painted it may be because the home owner is covering something up. Perhaps there is mold or water damage underneath that fresh coat of paint.

Old wiring – Aluminum wiring can be very expensive to replace. If you are not sure about the electrical work in the house, have a professional take a look.

Foundation issues – Check carefully for cracks in the foundation. Also, if there have been major renovations, check into whether load bearing walls have been removed.

Off-limits areas – There may be areas of the house that you do not have access to when previewing the home. Be sure to make arrangements to see these areas prior to purchasing the home.

A real estate agent will advocate for you and your interests throughout the whole home buying process, which makes it important for you to find the agent that will best fit your needs.

Contact The Lowry Team today to start your home search. 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:

Buying A Home In Today’s Market

What You Should Know Before Buying A Home

Hire A Real Estate Agent To Get The Home That You Want

The 6 Most Essential Home Buyer Tips

Search the Entire Cincinnati MLS for Homes For Sale

Monroe Ohio Real Estate: Monroe Crossings Subdivision

The Lowry Team: New Home Features In 2015

December 9, 2014 by Eric Lowry Leave a Comment

What will newly built single family homes look like in 2015?

The National Association of Home Builders surveyed builders, designers and architects to find out what they thought new homes would look like in 2015. The overall result was smaller and more efficient homes.

According to the survey results, the size of a newly built, single family home in 2015 will average 2150 square feet compared to the current 2400 square foot home. Living rooms will begin to disappear and we will see more of the great room. Removing the living room from the floor plan saves on square footage. The great room combines a family room and living room while flowing into the kitchen area. For the same reason, eat in kitchens will take the place of the dining room.

Other new home features in 2015 that you can expect to see are less bedrooms, media and hobby rooms. However, it is not all about taking away. The 2015 home will have more walk in closets and larger laundry rooms and outside areas such as garage spaces and porches.

New homes in 2015 will be more efficient. There will be a lot more green features. Reducing the square footage of the home automatically makes the homes more efficient with less space to heat and cool. Homes will be built with energy efficient lighting, windows, appliances and plumbing. In the push for energy awareness, there will be more ceiling fans installed and less skylights being built in.

Overall, new home features in 2015 revolve around the smaller, more energy efficient home. However, the best part of a new construction home is that it is designed specifically by you to meet the needs of your family’s lifestyle!

If you are considering building or buying a new construction home, 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:

Homearama 2015: Willows Bend In Miami Township

Four Bridges Subdivision and New Home Construction In Liberty Twp

Foxborough Subdivision and New Homes For Sale in West Chester

Reasons To Buy A New Construction Home For Sale

Search The Cincy MLS For New Homes For Sale