Tagged : first time home buyer

Found 9 blog entries tagged as "first time home buyer".

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

1,346 Views, 0 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

4,532 Views, 1 Comment

Student Loans: Less of a Mortgage Obstacle than Thought

All of a sudden last month our Mason, Ohio and Cincinnati-area readers might have come across a number of new articles dealing with the same topic: the problem young first time home buyers are encountering due to outstanding student loans. The target group is the millennials—everyone born between the early 1980s and 2000s. If you are one of them, you are frequently reminded that there are millions and millions of you out there. And millions who also share the same student loan problem.

student loan debt home loans

There are conflicting accounts of the precise size of the issue, but it seems that the average college graduate now carries somewhere between $30,000 - $50,000 in debt upon graduation. The Federal Reserve

3,719 Views, 1 Comment

Rent or Buy a House - Busting 4 Common Myths

According to a recent ​report​ by Harvard University’s Joint Center for Housing Studies, the past 15 years have seen a drastic shift in how Americans approach renting and owning with many questioning whether to rent or buy a house.

More people are renting, while fewer are buying houses. In fact, the average annual growth number for renters is now approaching the peak number for ​home buying reached in 2006, just before the housing market crash. 

rent or buy a house

The reasons for such explosive rental growth are numerous: lingering effects from the economic collapse in 2008, the revitalization of many urban cores, Baby Boomers aging out of their houses, and high rates of student loan debt among Millennials.

Should

5,160 Views, 1 Comment

Renting vs Buying a Home - 5 Things to Remember

You’ve finally reached a point in your life where you plan to be in the same place for longer than a 12-month lease and pondering renting vs buying a home. Instead of making rental payments on a monthly basis, you want to earn equity as you go and eventually end up with a permanent roof over your head. (We at ​ABODO​ will miss you, but we understand.)

renting vs buying a home

But rent doesn’t translate into mortgage on a simple 1:1 ratio — a lot more goes into the transition than you might think, from the upfront costs involved to what happens if your dishwasher malfunctions and spews food-­flavored water all over your floor. As you prepare to pick up the torch of home ownership, keep these five things in mind, and you’ll

6,284 Views, 1 Comment

The Gross Truth About Easements in Gross

As an active Realtor in Southwest Ohio, I come across situations involving easements in gross and other types of easements that can sometimes negatively impact a real estate transaction and also stories from new clients about easements causing issues in their past.

easements in gross

My business partner, Greg Hancock, and I are always seeking to educate buyers and sellers; easements in gross or easements period should always be looked for, evaluated and discussed.

Not doing so is like building without a permit and can come back and "bite you" down the road. I even have a personal story and example for you of how this can happen.

Easements can be defined or classified as easements in gross or easements appurtenant.

11,055 Views, 2 Comments

Good Real Estate Agents, Bad Real Estate Agents - Accountability

Now, I'm sure just about anyone reading this knows what it's like to get screwed, taken or shammed and it's just gut wrenching and perhaps more so when you're searching out good real estate agents and come across bad real estate agents but don't realize it until after the fact.

I'd like to just drop some thought-bombs on finding good real estate agents near you, how to detect and promptly fire bad real estate agents before you become a victim of lack of professionalism or purposeful, outright bad ethics.

good real estate agents near me

Good Real Estate Agents Near Me

First of all, let's go over what you want to look for and what you want to avoid when you start looking for "good real estate agents near me".

8,206 Views, 4 Comments

Home Inspections - Detection and Disclosure

Once you find a buyer for your home, the home inspection process is an important part of the home-selling process, and it’s helpful to know what to expect on your inspection day. The home inspector will mainly concentrate on the condition and structure of your home, and will be restricted to a visual inspection of the house.

Property disclosures are a sort of first step for buyers to review, but only a first step. A seller who had a leaking roof, but was professionally repaired need not disclose, and in the case of inherited homes (laws can vary state to state), if the seller has never lived in the home the last year prior to listing, property disclosures are not required.

 what if my home inspection fails

What if my Home

2,210 Views, 0 Comments

Down Payment Assistance, Ohio -$5000

You don't necessarily have to be a first time home buyer to take advantage of the $5,000 Welcome Home Grant.

This form of down payment assistance, Ohio offers can make the difference with finding yourself in your own home and not paying someone else's mortgage. Rent vs Buy a Home?

first time home buying grants

There are several lending institutions offering the Welcome Home First Time Buyer Grant, however, the offer doesn't last forever. Once offered these funds tend to run out in a matter of a few short months each year.

This grant is just one form of down payment assistance. Marty and I save our clients thousands and financing methods are just one of them.

Here's how you can request these funds today and we also excel at

3,310 Views, 0 Comments