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Increase Your Family’s Net Worth in the New Year

December 30, 2015 by Eric Lowry

Increase Your Family’s Net Worth

FamilyAs the economy continues to improve, more Americans are also seeing their personal financial situations improving. Many are finding they are able to start saving and look for new ways to build their net worth. Arguably the best way to dramatically increase your family’s net worth is by purchasing real estate.

A mortgage is a sort of “forced savings”, meaning that every time you make a payment on your mortgage you are contributing to your net worth. As opposed to renting, where every time you pay the rent you are contributing to your landlord’s net worth.net worth gap

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a recent Forbes article the National Association of Realtors’ (NAR) Chief Economist predicts that in 2016 the net worth gap will widen even further to 45 times greater. 

Buying a home would drastically increase your family’s net worth and wealth. Let’s assume you purchase a home at $250,000. What will that home be worth in five years time? According to the nationwide Home Price Expectation Survey, here is how much value that $250,000 home will gain in the following years:

HPES-Equity-Earned-KCM

Bottom Line: Not only does home ownership provide a greater net worth, it provides a stable and safe environment for your family. Contact us today to evaluate your ability to purchase your dream home and increase your family wealth!

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:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

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

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer Tagged With: advantages of buying a home, buying a home in Liberty Township Ohio, buying a home in mason ohio, buying a home in west chester ohio, buying your first home, First Time homebuyers, increase family wealth, increase family's net worth, Increase net worth, Keller Williams Realty West Chester, Liberty Township Ohio Homes For Sale, The Lowry Team, West Chester Ohio Homes For Sale

New Year, New Listings! View All New Listings For Sale

December 30, 2015 by Eric Lowry

homes for saleThe New Year always brings New Listings! If you are thinking of beginning a home search in the New Year, you can get started easily by viewing brand new listings, and all available homes for sale in the Cincinnati area. You will also be able to view full listing details and photos. Our website is a direct feed from the MLS (Multiple Listing Service) and is updated every 5 minutes!

Want to learn how to never miss a new listing again? Contact us and we can make sure you are alerted to every new listing in your neighborhoods of interest the same day it hits the market!

View New Listings in West Chester OH 45069

View New Listings in Liberty Township OH 45011

View New Listings in Mason OH 45040

View New Listings in Fairfield Township OH 45011

View New Listings in Fairfield OH 45014

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If you’re thinking of selling a home in the new year, contact Eric Lowry at 513-874-1830 to set up a free consultation and find out how much your home is worth. Don’t forget to ask about The Lowry Team’s Home Sale Guarantee! We’ll sell your home in 88 days or we’ll sell it for FREE!

Find Your Home's Value Now!

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:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

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

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer, Liberty Township Ohio Homes For Sale, Mason Ohio Homes For Sale, Sellers, West Chester Ohio Homes For Sale Tagged With: Find new listings for sale, homes for sale in Liberty Township Ohio, homes for sale in Mason Ohio, Homes For Sale in West Chester OH 45069, Keller Williams Realty West Chester, Mason Ohio Realtor, Moving to Mason Ohio, Moving to West Chester Ohio, New Listings, new listings in Mason Ohio, new listings in West Chester Ohio, Relocating To Cincinnati, Relocating To West Chester, The Lowry Team, West Chester Ohio Homes For Sale, West Chester Ohio Realtor

Top 5 Moving Tips…Make Your Move A Smooth One!

December 30, 2015 by Eric Lowry

Top 5 Moving Tips Guaranteed to Make Your Move a Smooth One!

Buying or selling a home is very exciting, however the actual moving process can be overwhelming. Here are The Lowry Team‘s top 5 moving tips to help make your move as smooth as possible!

  1. Declutter! Prior to a move is the perfect time to get organized and get rid of anything you don’t need or use anymore. You can make some extra money selling things, or donate them to your local community outreach center.
  2. Pack an overnight bag with all the essentials. After moving and unpacking all day, the last thing you want to do is to have to search forever just to find your toothbrush or phone charger.
  3. Pack the items you will need access to first in a separate clear plastic tub. This can be anything ranging from cleaning supplies, toilet paper, snacks, or phone chargers.
  4. Label your boxes; not just what’s in them, but the room they belong in as well. Also don’t forget to clearly label if it’s fragile!
  5. Rent a truck (and recruit helpers!) Nothing will throw a wrench in your moving plans more than finding out at the last minute that there are no moving trucks available near you. It’s recommended that you call two weeks ahead to reserve the proper sized truck.

Bonus Tip** Contact The Lowry Team to request a list of our preferred vendors such as professional movers, carpet cleaners, etc! With over 17 years of real estate service, we can recommend the best in the area to help you with any aspect of your home buying and moving process!

These top 5 moving tips are guaranteed to help ease the moving process for you!

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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:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

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

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer, Sellers Tagged With: Beckett Ridge Homes For Sale, buying a home in mason, buying a home in West Chester, Keller Williams Realty West Chester, moving and packing tips, moving tips, Moving To Cincinnati, moving to Mason OH, moving to West Chester OH, Relocating To Cincinnati, Relocating To West Chester, The Lowry Team, Top 5 moving tips, West Chester Ohio Homes For Sale

Homes Near Lakota West High School in West Chester OH

December 30, 2015 by Eric Lowry

Homes Near Lakota West High School in West Chester OH

Lakota Local SchoolsFind homes for sale near Lakota West High School in West Chester OH. 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 every 5 minutes.

The homes near Lakota West High School in West Chester OH are ideally located with easy access to schools, shopping, hospitals, parks, and more! There is also very quick access to highways including I-275, I-75, and I-71. You will love the Homes Near Lakota West High School in West Chester OH!

homes near Lakota West High School in West Chester OH

Great Schools!

Curious about the schools in the Lakota School District in West Chester OH? Get the schools’ scores and other information by checking out the Lakota School Reports here.

Lakota West Info

Convenient West Chester OH Location

Homes near Lakota West High School are conveniently located in West Chester OH. This location offers easy access to many different shopping centers, restaurants, parks, and hospitals. There is also easy access to all major highways.

5.5 miles to the Voice of America Shopping Center

6.1 miles to The Liberty Center

7.7 miles to Bridgewater Falls

1.4 miles to the Streets of West Chester

5.1 miles to West Chester Hospital

7.8 miles to Childrens Hospital

20.7 miles to Downtown Cincinnati

The homes near Lakota West High School in West Chester OH are a great place to call home. You will not be disappointed if you end up living here! You can find homes for sale near Lakota West High School in West Chester OH, and all available homes for sale in West Chester OH on my website.

Affordable Low or No Down Payment Options!

Most of the Homes In West Chester OH 45069 are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, and VA zero down payment financing.

Have any questions regarding homes near Lakota West High School in West Chester OH? Ready to chat about your real estate plans? Contact The Lowry Team today!

West Chester Home Values

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:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

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

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, Homes For Sale in Lakota Schools, West Chester Community Info, West Chester Ohio Homes For Sale Tagged With: Beckett Ridge Homes For Sale, Homes For Sale In Lakota School District, homes for sale near Lakota West High School, homes near Lakota West High School, Homes Near Lakota West High School in West Chester OH, Keller Williams Realty West Chester, Liberty Township Ohio Homes For Sale, Mason Ohio Homes For Sale, Moving To West Chester, Moving to West Chester Ohio, Relocating To West Chester, Relocating to West Chester Ohio, The Lowry Team, West Chester Ohio Homes For Sale, West Chester Ohio Real Estate

Common Real Estate Terms You Should Know

December 29, 2015 by Eric Lowry

Home For SaleWhether you are buying or selling a home, you may come across plenty of real estate terms that you do not recognize. However, it’s important to be familiar with the common real estate terms that you will encounter throughout the process because it will make the process much easier. Here are several common real estate terms you should know:

Appraisal – The estimated value of a property as calculated by a licensed appraiser. An appraisal makes sure that the amount a buyer is under contract to pay for a property is equal to or less than the amount calculated by the appraiser. If a home “doesn’t appraise”, it means the seller must either agree to lower the sale price of the home to the appraised amount, or the buyer can walk away from the contract. This is ordered by the lender, and paid for by the buyer as part of closing costs.

Closing Costs – The fees paid at closing, including loan origination fees, attorney fees, appraisal fees, survey fees, title insurance, title search fees, underwriting fees, etc.

Contingency – A condition that must be met in order for the contract to become legally binding. In real estate, the sale contingencies are financing, the home inspection, and appraisal. If a contingency is not met, it allows the buyer to walk away from the contract and get their earnest money back.

Down Payment – The amount of money that a home buyer pays out of pocket towards purchasing a home. The down payment required for a buyer depends upon the type of home loan being utilized. Some loan programs allow for as little as 3% down.

Earnest Money – An amount of money (typically 1-2% of sale price) that a home buyer provides with their offer to the seller to show good faith. The check is cashed by the broker as soon as the offer is accepted, and is held in a non-interest bearing account until closing. If the sale falls through due to one of the contingencies on the contract (financing, inspections, or appraisal), the earnest money goes back to the buyer.

Home Inspection – A contingency on the purchase contract that allows for the buyer to hire a home inspector to conduct a thorough inspection of the home, which can also include radon tests, termite inspections, air quality tests, etc.

Home Warranty – A service contract that protects a home owner from the high costs of repairing and/or replacing major home components, such as the hot water heater, furnace, AC system, etc.

MLS – A database, also known as the Multiple Listing Service, that Realtors have access to that shows all homes currently listed for sale.

Pre Approval – A dry run of the loan process. A mortgage lender gathers information from a potential home buyer regarding income, debts, assets, etc. to determine how much home the buyer can afford. A pre approval letter is required to submit an offer on a home.

Title Insurance – Insurance that protects the buyer (or the seller) from any potential disputes regarding ownership of the property. It’s always a good idea to purchase title insurance.

Have any questions regarding these common real estate terms you should know? Ready to chat about your real estate plans? Contact The Lowry Team today!

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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:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

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?

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer, Sellers Tagged With: Common Real Estate Terms, Common Real Estate Terms You Should Know, First Time homebuyers, Keller Williams West Chester, Moving to Liberty Township Ohio, Moving to Mason Ohio, Moving to West Chester Ohio, Relocating To Cincinnati, The Lowry Team, West Chester Ohio Homes For Sale, West Chester Ohio Real Estate, What are closing costs, What is appraisal, What is earnest money

Where Interest Rates Are Headed

December 28, 2015 by Eric Lowry

mortgage rate projections 2016The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the interest rate, the higher the monthly payment will be. That’s why it’s important to know where interest rates are headed when deciding whether to buy a home now or wait.

According to Freddie Mac, mortgage interest rates have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for interest rates to continue to rise over the next four quarters. While rates are expected to rise, it’s still important to keep in mind that interest rates are still at historic lows.

Historic Interest Rates

The graph above illustrates the projections of where interest rates are headed, based on Freddie Mac’s 2015 U.S. Economic & Housing Marketing Outlook. As you can see, they are expected to increase steadily over the next 12 months.

What does this mean for you? A half percent (.5%) increase in your interest rate can significantly increase your monthly mortgage payment. Based on the projections of where interest rates are headed, the sooner you buy a home the better. Waiting could cause you to wind up paying considerably more for your next home. Contact us today to evaluate your ability to buy your dream home.

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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:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

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

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer Tagged With: Buying a home in Cincinnati Ohio, buying a home in west chester ohio, cincinnati real estate agent, Keller Williams Realty West Chester, Keller Williams West Chester, Moving to Cincinnati Ohio, Search homes for sale in Cincinnati, The Lowry Team, West Chester Ohio Homes For Sale, West Chester Realtor, Where are interest rates headed, Where Interest Rates Are Headed, Where mortgage rates are headed

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