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REAL ESTATE NOW Cincinnati Market Update – March 2021

March 9, 2021 by Eric Lowry

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What’s going on in real estate now? Find out in this Cincinnati market update!

As you probably know, the Cincinnati real estate market right now in most areas and price ranges is going absolutely crazy. Homes are selling in just hours after being listed, getting numerous offers, and are selling above list price. Sometimes by quite a large amount! Not to mention the fact that there is a major shortage of homes for sale. It’s an unprecedented situation, so let’s dive into the details.

Is now a good time to sell my Cincinnati home?

In the last three months, home sales are up anywhere from 12-20% over the same period in 2020. This is a huge increase for our area! It’s important to note that same period last year was also a very strong period in real estate. So if you have been considering possibly selling your home, now is the very best time to find out what it might sell for in today’s market, and what the best timing and strategy might be for that.

You can get an idea of what your home might sell for at www.CincyHomeValuesNow.com. This home valuation tool will give you a starting point for estimating what your home might be currently worth.

However, a better solution would be to schedule a time for us to come out and give you an actual market analysis. You’ll get a more detailed, accurate idea of what your home will sell for in today’s market, and what the optimal strategy is to get you the best price possible. Right now is very likely the best time we are going to see this year to get top dollar for selling your home.

The best time to sell is when there are plenty of buyers and when the competition is very low. And right now we are at such a low level of homes available for sale, it’s unprecedented. Meaning, if you’ve got a home to sell, you are a hot commodity, completely in command. You will be able to dictate terms and get the very top dollar for your home.

Everyone wants to sell at the top, and currently 2021 is as near the top as we will probably get. In 23 years of selling real estate, I have never seen anything like this. However, it’s not something that will likely be sustainable long term. So, if you have a home to sell, this is your moment.

Is now a good time to buy a house in Cincinnati?

Now, if you’re a buyer, you may be thinking, “Well this doesn’t sound so good for me right now.” But actually that’s not true. There are couple things you have to keep in mind when buying in today’s market.

The first thing – low interest rates. Rates are historically low right now. These crazy low rates that we’re seeing are definitely fueling the market and the activity, but they are also a historic opportunity to borrow money at a significantly lower cost. Low interest rates dramatically lower monthly payments, making homes more affordable even though we are seeing higher prices.

The other thing to think about is if you’re thinking of delaying your purchase until the market “cools down”, you will be buying a home when the interest rates are potentially significantly higher. And the home that you might have bought this year will cost more in a year or two years. Thus you are paying more for the home, and you are paying more for the money you’re borrowing to get the home. That means your monthly mortgage payment would be significantly higher than if you buy today. So the moral of the story is, waiting will cost you money.

So if you’re thinking about buying a home or selling a home, please reach out to us and let us know what we can do to assist you.

Call or text Eric Lowry at 513-368-3751.

Filed Under: Eric Lowry's Articles, Market Update, Real Estate News, Sellers Tagged With: Best Real Estate Agents in Cincinnati, Buying a House in a Seller's Market, buying a house in Cincinnati, Cincinnati Market Update, Cincinnati Real Estate Market Update, Eric Lowry, exp Realty, exp Realty Ohio, selling a house in Cincinnati, The Lowry Team Cincinnati, The Lowry Team exp Realty, Top Realtors in Cincinnati

Christmas and Holiday Events in Cincinnati

November 19, 2019 by Eric Lowry

If you’re looking for a list of Christmas and Holiday things to do in Cincinnati this holiday season, look no further! The Lowry Team has compiled an all-inclusive list of local holiday events for you to start your planning. From ice skating to parades, and train rides to lights displays, we’ve got you covered!

Ongoing Holiday Events

Ice Skating on Fountain Square – Ice rink open November through February.

Skate with Santa – Every weekend from Thanksgiving until Christmas, Santa will lace up his skates and join families out on the ice for an hour of holiday-filled fun.

North Pole Express – Take a magical train ride with Santa Claus and his elves!

Water Wonderland with Scuba Santa – Meet Scuba Santa and his elves, visit Santa’s post office, enjoy holiday music, and more!

Christmas at EnterTRAINment Junction – Take a journey to the North Pole, where you can can meet Mrs. Claus and Santa himself, and check out their special holiday train displays.

Krohn Conservatory Holiday Show – A Zinzinnati Holiday – Features an interactive train display, beautiful poinsettias, and seasonal plants.

Kings Island Winterfest – Enjoy ice skating, carolers, food, live shows, beautiful lights, holiday characters, and more.

Tree Lighting Ceremonies and Festivals

Olde West Chester Christmas Walk – Shopping, yummy treats, live music, crafts, games, visits with Santa, and more.

Liberty Center’s Holiday Parade and Tree Lighting – Enjoy live music, a holiday parade, a lights show, and visits with Santa.

Bridgewater Falls Holiday Lights – Tree lighting, pictures with Santa, ice skating, a giant snow globe, carolers, hot chocolate, and more!

Holiday Lights at Deerfield Towne Center – There will be an ice skating rink, arts, crafts, carriage rides, pictures with Santa, a tree-lighting ceremony, and more!

Macy’s Light up the Square – Live music, appearance by Santa Claus, ice skating, fireworks, holiday market, and the official tree lighting.

Light Up the Levee – Santa arrives by helicopter for this annual tree lighting event! There will be family activities, food, live music, and more!

Lebanon Christmas Parade and Festival – Two parades, gift and food vendors, Christmas carolers and other live music, visits with Mr. and Mrs. Claus, and much more!

Light Up Fairfield – Holiday market, Santa visits, live music and carols, and tree lighting ceremony.

Christmas in Loveland – Live music and performances, a special showing of Frozen, visits with Santa, carriage rides, food trucks, ice carving, and much more!

Pioneer Christmas – Sunday, December 10th; 1:00 – 4:00 PM at Keehner Park in West Chester.

Ho-Ho-Hayride – Hidden Valley Orchards – November 30th and December 7th & 8th. Take a hayride to the Christmas cabin to visit with Santa, and enjoy a bonfire and hot chocolate. There will also be face painting, marshmallow roasting, a craft station, and holiday music.

Breakfast with Santa

Breakfast with Santa at Maggiano’s – Enjoy a breakfast buffet, visits and pictures with Santa, and games and activity stations.

Pancakes with Santa at the Museum Center – Saturday, December 14th.
Join the Santa for breakfast and enjoy a top-your-own-pancake buffet and hot cocoa bar.

Breakfast with Santa at Dingle House – Sunday, December 8th.
Enjoy a free carriage ride with the purchase of a breakfast buffet, and get your pictures with Santa.

Santa’s Brunch  at Voice of America Park – Sunday, December 15th.
Enjoy a yummy brunch buffet, holiday crafts, jazz music, visit with Santa and entertainment by MADCAP Puppets.

Liberty Township’s Breakfast with Santa – Saturday, December 7th.
Enjoy a fun morning of holiday festivities including: arts & crafts, face painters and a visit with Santa Claus himself! Don’t forget your camera to snap a photo! Space is limited. Reservations required.

Lights Displays

Holiday Lights on the Hill – A 2 mile drive-through holiday lights display.

Sharon Woods Holiday in Lights – Enjoy a mile long drive with beautiful lights displays. You can also get out of your car to enjoy Santaland with hot cocoa, carolers, visits with Santa, a holiday train display, and more.

The Christmas Ranch – Located on 110 acres, it features a walk-thru Christmas lights park with a Christmas village full of shops. There are also train rides, wagon rides, and much more!

Cincinnati Zoo Festival of Lights – Beautiful lights displays throughout the zoo, lights and music shows at Swan Lake, hot cocoa, snacks, and more.

Christmas Nights of Lights at Coney Island – This family event features a 2-mile car ride through Christmas displays and light shows which are synced to your favorite holiday songs.

Christmas Shows

A Magical Cirque Christmas – November 19th at the Aronoff Center.

A Christmas Carol – November 27th – December 29th at Playhouse in the Park.

The Nutcracker – December 19th – 29th at Music Hall.

Trans-Siberian Orchestra Holiday Show – November 29th at the Heritage Bank Center.

Holiday Pops – December 13th – 15th at Music Hall.

Mannheim Steamroller Christmas – December 26th at the Aronoff Center.

Holiday Shopping / Markets

Cincideutsch Christkindlmarkt – Will not be operating this year.

Winter Market at Fountain Square – Weekends November 29th – December 22nd.

City Flea’s Holiday Market – December 14th at Washington Park.

Findlay Market’s Holiday Market – December 7th – 8th, 8 AM – 4 PM.

Art on Vine Holiday Gift Show – December 15th, Noon – 7 PM at Rhinegeist.

Hamilton Christkindlmarkt – December 6th – 8th.

Miscellaneous

Ugly Sweater Bar Crawl – Saturday, December 7th, 2PM – 10PM.

Cincinnati Santacon – The 12th Annual Cincinnati Santacon will be held on Saturday, December 14th.

Hopefully this list of Christmas and holiday events in Cincinnati has helped fill your calendar with lots of fun! We here at The Lowry Team wish you a happy, safe, and fun Christmas and holiday season!

You might also be interested in:

Things to do for New Years Eve in Cincinnati

Family Friendly Things do to for New Years Eve

Christmas and Holiday Events in Dayton

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Filed Under: Eric Lowry's Articles, Holidays, Things To Do In Cincinnati Ohio Tagged With: Christmas and Holiday Events in Cincinnati, Christmas lights displays around Cincinnati, Eric Lowry, ice skating in Cincinnati, Keller Williams Cincinnati, The Lowry Team, Top Realtors in Cincinnati, where to visit Santa in Cincinnati

Selling Your Home During the Holidays

November 10, 2019 by Eric Lowry

Selling Your Home During the Holidays

Typically, people tend to wait to put their home on the market until “peak” season which is the spring and early summer. However, you may not want to wait that long. You may even need to sell your home during the holiday season depending on your circumstances. But don’t worry, there are plenty of reasons selling your home during the holidays can be beneficial to you.

Spring and summer are when you will have the most competition as housing inventory is highest at this time. Not only is resale inventory high, but new construction is as well. In many parts of the country, new construction will continue to surge reaching new heights in 2020, which will lessen the demand for your house.

Thinking maybe you’ll just wait until right after the holidays? It’s important to consider the fact that the supply of listings increases substantially after the holidays. If you need to sell a house during the holidays, you will find that your competition is quite limited which can be a great thing when it comes to getting you a great sale price on your home!

While the market does slow a bit at this time of year, there are definitely still buyers out looking during the holiday season. For instance, relocation buyers are out there house hunting. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible. Another benefit is that those buyers who are out looking for homes during the holidays are serious buyers and are ready to buy now.

If you’re concerned about showings getting in the way of your holiday plans, don’t worry! You can restrict the showings on your home to the times you want it shown. You will remain in control.

So you’ve decided that selling your home during the holidays is the best decision for you; here are some tips to help guide you:

  1. If possible, put your house on the market before you decorate for the holidays. Pictures of your home will be taken for the MLS (Multiple Listing Service) and other marketing purposes looking as it normally would.
  2. Once you have listed your house, decorate but don’t go overboard. You don’t want your house to seem cluttered and cramped. If necessary, move furniture out to accommodate your tree and other decorations.
  3. Take advantage of this time of year when you have showings on your home. Your home feels even more cozy, warm and welcoming during the holidays. Appeal to all of the senses. Play Christmas music softly in the background. Bake Christmas cookies just before a showing and have them on a platter for the buyers to enjoy.
  4. Lastly, use out of town guests to your advantage. Enlist their help in keeping your home clean and tidy. Assign everyone a task to complete each day. Delegate so you do not feel overwhelmed.

Thinking about selling your home during the holidays? 
Call or text The Lowry Team at 513-368-3751

Filed Under: Eric Lowry's Articles, Sellers Tagged With: Eric Lowry, how to sell a house during the holidays, Keller Williams Realty Cincinnati, Keller Williams Realty Dayton, selling a house in Cincinnati, selling a house in Dayton, Selling Your Home During The Holidays, The Lowry Team, Top Realtor in Dayton, Top Realtors in Cincinnati

Easter Egg Hunts in Cincinnati 2019

March 27, 2019 by Eric Lowry

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This year Easter falls on Sunday, April 21st, and there’s plenty of fun ideas for things to do for Easter in Cincinnati! Check out this list of Easter egg hunts, places to get pictures with the Easter Bunny, and unique Easter Brunch ideas!

Easter Egg Hunts in Cincinnati 2019

Easter Egg Hunts:

Easter Bunny Express – April 6th, 13th – 14th, 19th – 20th, and 27th. – Ride the Easter Bunny Express to the LM&M Junction for a visit with the Easter Bunny and Farmer Brown. Children will be able to take part in one of two Easter egg hunts to get candy and small prizes.

Deerfield Township Easter Egg Hunt – April 20th – Enjoy this FREE events with booths, activities, giveaways, face painting and more! There will be visits with the Easter Bunny and age-divided Easter egg hunts!

Keehner Park Easter Egg Hunt – April 20th – This is another FREE community event in West Chester! Bring a bag or basket to collect eggs! This event is open to children up to 8 years old. Egg hunts will be divided into multiple age groups.

Fairfield Township Easter Egg Hunt – April 14th – A FREE Easter egg hunt open to children ages 0-12. There will be hunts separated by age groups. There will also be face painting, games, and food trucks.

Hoppin’ at Harbin – April 13th – At Harbin Park, enjoy a free Easter egg Hunt, pictures with the Easter Bunny, games, crafts, and prizes! There will be separate hunts for 3 different age groups up to 8 years old.

Liberty Park Egg Hunt – April 20th – Located at Liberty Park behind the Lakota Family YMCA. There will be age group Easter egg hunts, and visits with the Easter Bunny.

Flashlight Egg Hunt – April 10th – Check out Hamilton’s Forest Run nighttime egg hunt! When the sun goes down, grab your flashlight and basket for a unique Easter Egg Hunt experience! There will be prizes, activities, and more.

Elk Creek Flashlight Egg Hunt – April 17th – When the park is dark, your flashlight will be your guide! Bring your own flashlight and join in the fun! Egg cartons will be provided for collecting. Be sure to look out for the golden eggs to redeem for extra prizes! Separate hunts based on age.

Cincinnati Zoo’s Easter Celebration – April 20th – There will be treat stations throughout the zoo, animal egg hunts, visits with the Easter Bunny, and more! There will also be 4 special Golden Eggs hidden throughout the park, which can be turned into the Welcome Center for a prize!

Easter Egg Hunt at Washington Park – April 13th – Over-the-Rhine’s biggest egg hunt returns to Washington Park with over 10,000 candy-filled eggs, face painting, photos with the Easter Bunny, and playtime with baby farm animals. For ages 3-10. This event is also FREE.

Dog-Gone Bone Hunt – April 14th – Bring your pooch for an egg hunt designed for dogs! Plastic eggs filled with dog treats will be scattered/hidden over a well-defined area in the park. Find a golden egg which can be redeemed for a prize! Some activities include: shopping at dog-friendly vendors, concessions, dog obstacle course, and more!

Pictures with the Easter Bunny:

Easter Egg Hunts in Cincinnati 2019 2

Easter Bunny Photos at The Liberty Center – Get pictures taken with the Easter Bunny at The Liberty Center. You can either purchase a professional print or snap your own on your camera.

Pictures with the Easter Bunny at Kenwood Mall – March 29th – April 20th – Hop on over to visit with the Easter Bunny and get pictures taken with him!

Easter Brunch:

BB Riverboat Easter Cruises – April 21st – Celebrate Easter and enjoy the spring weather. Climb aboard a Riverboat for one of their annual Easter cruises including a delicious buffet meal, relaxing atmosphere and outstanding views. You can enjoy a hearty brunch or a traditional Easter dinner featuring ham and chicken. Even the Easter Bunny will attend! There are several different cruises throughout Easter Sunday.

We hope this list of great Easter events and Easter Egg Hunts in Cincinnati helps you plan some fun for your weekend! Happy Easter!!

This list is provided courtesy of Lowry Team Real Estate. 513-368-3751

Find Your Home's Value Now!

Filed Under: Eric Lowry's Articles, Holidays, Things To Do In Cincinnati Ohio Tagged With: Easter Bunny Photos at The Liberty Center, Easter Egg Hunts in Cincinnati 2019, Easter egg hunts in West Chester Ohio, Keehner Park Easter Egg Hunt, Keller Williams Realty West Chester Ohio, The Lowry Team, Top Realtors in Cincinnati, Top Realtors in West Chester Ohio, where to get pictures with the Easter Bunny in Cincinnati

How to Prepare for a Home Inspection

March 24, 2019 by Eric Lowry

Home Inspection Preparation

How to Prepare for a Home Inspection

Preparing for a home inspection is something that more sellers should take into consideration. In a real estate transaction, the home inspection is the biggest hurdle that a home seller faces to have a successful sale, so it’s very important to know what to expect.

When selling real estate, the home inspection takes place within approximately the first week after an offer has been submitted by the buyer and accepted by the seller. A home inspection is paid for the buyer and is performed by a licensed professional home inspector.

Within the terms of the contract, this is called the “inspection contingency”. This means that the contract is dependent upon the successful negotiation and resolution of any inspection items. If the inspection reveals significant problems with the home or the buyer and seller can’t agree to repairs, the buyer may decide to “walk away” from the home. If this happens, they will be sending over a release to sign that terminates the contract.

It stands to reason that you want to be sure your home is in the best possible condition before the home inspection takes place. Home sale preparation is one of the keys to selling real estate, so getting your home ready for the inspection only makes sense. A home inspector is not going to be looking at any messes, but an unkempt home will give the impression of uncaring owners who may not be performing regular maintenance of items that shouldn’t be neglected.

One suggestion to help make the home inspection go more smoothly is to make it easier for the home inspector to do his job. It is common practice in real estate that the seller not be present while the home inspection is taking place. A couple easy things you can do before you leave the home is to make sure the inspector can access the attic and the entire basement. If the attic access is in a closet, remove any items that may block his way. Make sure the inspector will be able to see all the exterior walls in the basement, and have easy access to the HVAC system.

What Do Home Inspectors Check?

Home inspectors go over your home with a fine tooth comb. They generally start on the outside of your home and work their way in. Depending on the size of your home, an inspection can take anywhere from 1.5 – 5 hours. Most inspections fall within the 2-3 hour range.

Some common things inspectors look at on the exterior of your home can include:
-Proper grading to ensure water doesn’t easily get into the home
-Visual damage or cracks on the driveway
-Wood rot on trim or window sills
-Structural cracks on the foundation
-Electrical wiring coming into the house
-The state of the roof including shingles and sheathing, and the chimney

Some things that inspectors look for on the interior of the home can include (but are certainly not limited to):
-Signs of water penetration
-Structural defects
-Plumbing, electrical, and HVAC systems
-Any signs of insects or rodents
-Functionality of the windows, including any failed seals

Common Defects Found During Home Inspections

How to Prepare for a Home Inspection 2

The best way to prepare yourself for a home inspection is to understand what some of the most probable defects a home inspector is likely to find.

-Improper bathroom venting – In order to prevent mold issues in the attic of a home, current building codes require that a bath fan vent to the outside of the home. However, this wasn’t always the case. A lot of older homes still have it vented into the attic.

-Failed window seals – You can tell if your windows have failed seals by looking for any fogging between the glass panes.

-Chimney defects – This is most commonly just cracks and repointing or mortar. These are often found near the top of the chimney and have occurred over time due to the elements.

-Electrical violations – These are most common in homes where the homeowner has made improvements on his own and not hired a certified electrician. However, there are often a lack of GFI (Ground Fault Interrupter) outlets in the kitchen and bathrooms. Double tapped electrical breakers and non-grounded outlets are other common examples.

-Rotted exterior wood – This is most commonly found around exterior trim, window sills, and areas around decking.

-Minor plumbing defects – Some of the most common plumbing defects include dripping faucets, loose toilets, and slow or leaky drains.

-Mold and radon remediation – Mold and radon are the two biggest deal killers in real estate. Mold is something that will need to be tested and remediated by a mold specialist. After being remediated, the mold specialist would then need do a mold re-test to get the all-clear. The most common places to find mold are the attic, basement, and bathrooms.

Radon is a naturally occurring gas found in the ground that enters the home through the basement area. It is a known health hazard and most buyers will request that you have it mitigated by having a radon mitigation system installed and a second radon test done. The radon test should show safe levels below 4.0 pCi/L. This is relatively easy to have done.

Disclosure or Fixing Items Prior to Closing

When defects are listed on the home inspection report, the buyers then put together a list of repair requests that they want you to have completed by licensed professionals prior to closing or give them a repair allowance to have the repairs done themselves after closing.

This portion of the transaction is the inspection negotiation. As the seller, you can agree to either all, some, or none of the repairs. However, it is important to note that you if you refuse to make the repairs and the deal falls through, you will have to disclose all those known defects to any future potential buyers.

Bottom Line

If you want to keep your home sale on track, it is crucial to prepare for the home inspection.

Questions about selling your home?
Call/text 513-368-3751

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Filed Under: Eric Lowry's Articles, Sellers Tagged With: Eric Lowry, home inspections in Cincinnati, How to Prepare for a Home Inspection, selling a house in Cincinnati, The Lowry Team, Top Realtors in Cincinnati, Top Realtors in West Chester Ohio

Buying a House in Spring 2019

March 21, 2019 by Eric Lowry

What You Need to Know About Buying a House This Spring

Buying a House in Spring 2019

Spring is the busiest time of year in Real Estate. It is known as house hunting season. The months of April, May, and June account for around 40% of all home sales for the entire year. If you are considering buying a home this Spring, here’s what you need to know.

Inventory is Low and Homes are Selling Fast

Currently, housing inventory in our area is extremely low. Not only is there a exceptionally low supply of houses for sale, but buyer demand is very high. You will have a lot of competition for just a few houses, which means the houses are selling very fast. Homes that are in good condition and are priced right, are selling in just days. In fact, many are even selling within just hours! So be prepared to act fast and get an offer submitted as soon as possible if you love the house. In this market, waiting to think it over can you mean you lose out.

What You Need To Do

You need to prepare yourself to be competitive in the housing market. That means you must be prepared to make a strong offer when you find the right house, and get it submitted quickly.

In addition to making a strong offer price, you must also 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.

Start your search online so you can view full details and photos of all available homes for sale. Our Homes For Sale information is a direct feed from the Multiple Listing Service (MLS) and is updated several times a day so you will never miss a new listing!

Thinking of buying a house this Spring?
Call/text The Lowry Team at 513-368-3751.

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Filed Under: Buyers, Eric Lowry's Articles Tagged With: Buying a House in Spring 2019, Cincinnati Spring Real Estate Market, Eric Lowry, Keller Williams Realty West Chester Ohio, The Lowry Team, Top Realtors in Cincinnati, Top Realtors in West Chester Ohio

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