All Blog Entries by Greg Hancock

I'm a Greater Cincinnati real estate agent, webmaster, social media manager and real estate blogger. I've been a licensed since 2009 With my business partner, Marty Snyder, we buy and sell dozens of homes every year in the Cincinnati area. We assist home buyers and sellers from Batavia to Springboro. We both live in Monroe, Ohio, Monroe and West Chester are two of our favorite southern Ohio real estate markets. Enjoy my housing and mortgage articles. Explore the home buyer help pages on our site. Estimate a home loan if you want.

When I'm not marketing or working on our real estate site, I'm helping buyers and sellers on the phone and email. If you have some local real estate news, like in Mason, Ohio or other popular Cincinnati community, submit an article. I'm happy to consider articles related to the real estate, housing and mortgage industry. I'm proud of our real estate company, SW Ohio Real Estate LLC. I'm also proud of our brokerage - OwnerLand Realty. Thanks for visiting our real estate blog; all rights reserved.

Found 109 blog entries published by Greg Hancock.

Mason, Ohio Real Estate Negotiations: Beyond Game Theory

Game theory only sounds like it has something to do with how to win in some weekend sports outing or family board game. It's a seriously studied logical field that mathematicians delve into. Interestingly, when you study how to develop successful negotiation tactics — Mason, Ohio real estate negotiations included—you can look at them via game theory.

There is a problem, though. The further you get into the subject, the more it tends to become more and more abstract. Unless you are someone who looks forward to curling up by a roaring fire with a favorite math textbook, you won’t get very far into game theory before your eyes will begin to glaze over.

mason ohio real estate

In real life, Mason, Ohio real estate

1,084 Views, 0 Comments

Equifax Hack Could Affect Monroe Mortgage Applicants

When news of the Equifax hack first broke, the credit ratings giant scrambled to minimize fallout from this massive personal information breach. After an initial embarrassing misstep (they tried to have affected consumers sign off on Equifax’s liability), the company moved to ameliorate the hack by offering free ID protection to consumers.

equifax hacked

Monroe homeowners and potential home buyers had reason to do more than shake their heads at yet another electronic pratfall. In one way or another, most Monroe real estate transactions involve creditworthiness appraisals that are managed by the three credit reporting agencies (Equifax is one). That means that among the 143 million consumers it admits could

625 Views, 0 Comments

Hurricane News Overshadows All but One Bright Spot 

Last weekend’s regular Ohio news should have been promoting all the usual upbeat feature stories about the onset of football season, the start of a brand new school year, the finals of tennis’ last grand slam tournament and the like—but Mason readers would have gotten eye strain trying to find any of them. Instead, the dark clouds brought by Hurricanes Irma and Harvey cast dense shadows across the region and the nation’s news. It was certain, too, that even after the terror of their actual passages had subsided, the fallout would continue to reverberate—expensively—for a very long time.

 hurricane news

What was covered was how the prayers of millions not directly affected were being answered by many thousands

720 Views, 0 Comments

Perfect Pricing: the Sweet Spot for Cincinnati Listings

Figuring out the perfect pricing for any Cincinnati home for sale would be easier if there were a way to confirm past instances that hit that mark precisely. But that can’t be done. It’s the nature of the beast: it’s simply not possible. Even if a comparable Cincinnati home’s asking price resulted in being sold immediately at that exact amount, it only could have been priced perfectly. We can’t know that it wasn’t priced too low.

cincinnati homes and listings

Even if the pricing on some Cincinnati home was quickly met and even exceeded—IOW, it resulted in a bidding —that might be evidence that it had been originally priced too low. Even that isn’t certain because the supposed under-pricing resulted in a sale that was

4,947 Views, 1 Comment

"What is My Home Worth?" - Pricing Correctly

Most Monroe, Ohio home owners are usually proud of their property, while just about all home owners across the U.S. ask "what is my home worth?" but usually have an erroneous idea. Every home owner around the world wants to sell their Monroe, OH property (or any location) for as much as possible, right?

what is my home worth

The first thing I will tell you is not to rely on robotic real estate estimators like Zillow and Trulia. They use algorithms, include properties that aren't for sale and for sale or not, cannot see inside your home, realize any upgrades (or disrepair) and a gross disservice to buyers and sellers. Heck, they were 10's of $1,000's off their own CEO's property.

So, for those considering selling their

3,133 Views, 2 Comments

Cincinnati Mortgage Rate Jitters Needn’t Spur Hasty Decisions

Mortgage rates in Cincinnati remained mostly steady this past month, at least partially due to the predictable July-August doldrum effect. When the summertime vacation schedules of Washington and Manhattan movers and shakers presages a slowdown in activity and economic reports, there is simply less going on that might affect the rate meter—in either direction.

cincinnati mortgage
Summertime can also mark the beginning of a nationwide tapering off of real estate’s peak selling season. With the added factor of mortgage rates in (town) looking as if they will remain invitingly low for the near future, fear of a sudden rate rise is ebbing as well. It’s the kind of apprehension that can spur some buyers

4,271 Views, 1 Comment

West Chester Renters, a Brand New Tesla (in 5 Years)? 

My 5-year Tesla Plan is fanciful, but based on what could be the situation some West Chester renters can probably relate to.

The imaginary 5-year Tesla Plan participant could be any gainfully employed West Chester renter who has been living comfortably in a nice rental for the past few years. It’s either a comfortable home or a nice apartment: that doesn’t matter. But - buying a home for sale in West Chester, Ohio instead of renting may just make that new Tesla affordable; crazy math?

west chester homes for lease

Homes for Sale in West Chester, Ohio

What’s important is that the average monthly rent has been rising. It’s now $1,570. This is now gobbling up just about every spare dollar of the West Chester renter’s

2,575 Views, 3 Comments

5 Real Estate Tips: Maximize Summer House Showings

When Mason, OH weather turns sizzling, you might think that house showings might go better by holding off for milder weather. After all, as the mercury rises, energy levels tend to wilt, so prospective buyers willing to take on a big initiative—like lining up a new house—might seem to be in short supply. You might think that—but the evidence actually points in the opposite direction.

selling a house in summer

It seems that the hottest weather invites more home buying instead of less. At least that’s what the National Bureau of Economic Research suggests—and experts at Fannie Mae agree.

The NBER finds that “warm weather may have a positive impact on home sales.” In warm weather, if a home has features like access to a

2,389 Views, 2 Comments

Does Adding an In-Law Suite Improve my House Value?

In a world of younger homeowners with aging and elderly parents or relatives, the addition of in-law suites are starting to become more popular, but does adding an in-law suite to your home improve your house value?

does adding an in-law suite improve my house value

The answer is yes, but only if you add an in-law suite correctly and by that I mean legally. Baby boomers are retiring and living independently or pursuing assisted living can be very cost prohibitive driving more families to once again live together.

Aging parents and the beauty of the duplex

That's great, but some homeowners will attempt to save money by skipping permits and the subsequent inspections, but when it comes to adding an in-law suite (or any other home

3,443 Views, 0 Comments

Some West Chester Luxury Homes Might Not be Out of Reach

The content the National Association of REALTORS® publishes is usually staid and non-controversial. After all, what they put out there has to ring true for the real estate industry in every nook and cranny of the country: in communities large and small, coast to coast—from Podunk to Peoria, Manhattan to West Chester. Real estate is, after all, the most massive industry in the country, so you’d expect the Association that represents its professionals to be hyper-cautious in its pronouncements.

custom luxury homes for sale west chester oh

7 prudent cautions and considerations for buying luxury homes

So it was eye-widening to come across an article in the REALTOR website that was a how-to on buying a luxury home without having to pay

3,843 Views, 2 Comments