Tagged : first time home buyers

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

Events that Trigger Buyers for Homes for Sale in Cincinnati

What are the most common changes in circumstances that send buyers out looking for homes for sale? What are the events that trigger typical prospects to comb through the Cincinnati listings, contact Cincinnati REALTORS®, set out on house tours—and ultimately make the offer that results in the move to a new home?

homes for sale cincinnati oh

The answer to that question may be different for everyone, but some in-depth research has come up with interesting similarities among groups of active homebuyers. It matches a conclusion that also conforms with common sense: namely, that the motivating events (or “triggers”) sometimes vary by age group. In other words, when we humans reach similar milestones in life, we often

2,770 Views, 2 Comments

Week of Mortgage Rate Speculation Ends on High Note

Last week there was another interest rate development—though it was a slightly whipsawed kind of development. Since mortgage interest rates are so important to the bottom line in all but all-cash Mason residential home sales, the direction rates are headed is something worth watching closely.

mason ohio mortgage rates

Last Wednesday was one of those days that come about twice a year. It was the occasion when the Federal Reserve Chairman is called upon to testify before Congress. The date is set as a biannual marker for revealing what’s likely to lie ahead for interest rates. If the Fed is going to decide to raise the Fed Funds rate, it’s usually the single strongest pointer to higher mortgage interest rates. All things

880 Views, 2 Comments

Mason, Ohio Home Loan Applicants May See Credit Boost

For a few Mason mortgage applicants, next week may see a one-time favorable change in how they are viewed by home loan lending institutions. It’s a technical change that could amount to a significant difference in the results they get when they apply for Mason home loans.

mason ohio homes credit score boost

 See all current Mason, Ohio homes for sale

The first evidence of what the Washington Post calls “a surprise boost” will be triggered on Saturday, which marks the July 1 beginning of a changeover in the information gathered by the three national credit bureaus. Equifax, Experian, and TransUnion have been working with a number of states to handle an awkward technical problem: many states have outmoded computer reporting

4,630 Views, 1 Comment

Making Real Estate Offers Explained

Hello readers and followers, back today to talk about what goes into making real estate offers but simplified and thought I'd throw in some other tips and links for home buyers to check out.

Think of making a real estate offer like a relationship. The first step is getting ready to propose and then the proposal itself and hope your offer is accepted.

real estate offers

On that note, getting ready for the proposal requires some due diligence. Here are some handy articles all home buyers should read before making real estate offers:

fico score vs credit score debt-to-income-ratio, the magic number

For making real estate offers, Realtors use a variety of similar forms and they vary from MLS territory to MLS territory and

2,243 Views, 0 Comments

Debt to Income Ratio - The 43% Target

Before a first time buyer, or any home buyer sets out to start viewing properties, getting pre-approved is one of the crucial first steps, but examining your debt-to-income ratio is best done before applying for a home loan.

Why is the debt-to-income ratio of 43% such an important percentage and factor?

debt to income ratios qualified mortgage

This ratio speaks to a home buyer’s financial capacity not so much in terms of buying a home but capacity to faithfully pay on the mortgage and not go into default – as much a concern for the lender as it should be for the home buyer.

For purposes of getting pre-approved for a mortgage, your debt-to-income ratio is calculated simply by adding up all your monthly debt payments and then divide the total

12,478 Views, 2 Comments

How to Make an Offer on a Home - Strategy

If you have not been shopping for a home lately, you might not be aware of what is going on around you. Most homes (that are in good condition and are priced right) are selling the same day they hit the market. Most are also selling at or above the asking price. So, if you want to buy a home, you better be armed and ready!

Over the past several years, home buyers have been able to enjoy lower home prices and even being able to get some downright bargains on their home purchases. However, those days have gone by the wayside.

how to make an offer on a home

Today’s market is very different than it was even as little as a year ago. You ask, “why”? First, I will give you a brief explanation as to what has transpired and then I will give

3,577 Views, 3 Comments

How to Buy a Home - 7 Epic Home Buyer Failures

Together with my business partner Marty Snyder, one of Ohio's top Realtors, we've seen a lot over the many years helping hundreds of buyers and have compiled a list of seven of the most epic mistakes made in home buying, hoping you might avoid these disastrous outcomes. 

how to buy a home

Out the gate, I can tell you that half of the battles lost are due to ill preparation.

1 - Credit Conundrums - A major first step, and possible a scary one for some is making sure your credit picture is in good health. Over 80% of credit reports contain errors, and all a clerk has to do is misspell your name or address and poof - you have an alias which hurts your score. Paying on time and knowing how to manipulate credit as with

9,429 Views, 0 Comments

Buying a Home Wisely - The Fool's Errand

Here at our real estate business in SW Ohio and the greater Cincinnati real estate market my business partner Marty Snyder and I spend a great deal of time educating each new home buyer client about a lot aspects of the home buying process.

It's almost funny to me that one of the first things I hear after picking up the phone or answering a few emails "so, you're not the listing agent?"

how to make an offer on a home

I have to smile to myself, and then of course answer no. Not that we don't carry listings.

But I want you to think about this for a moment - the listing agent promised the seller to net as much as possible for the home. Why, oh why would you want to talk to the listing agent?

I get it, presumably buyers that don't

2,673 Views, 2 Comments

Buying a Foreclosed Home - Facts and Fiction

Is a foreclosure the best deal? Can I save more money on a foreclosure? What if the home needs repairs? What is the best home for me?

buying a foreclosed home

Any of these questions sound familiar? Who doesn't want to get a deal, right? Foreclosures carry a certain stigma that they are the best deal to be had financially speaking.

For those first time buyers out there and investors new to the real-estate-scape, I'd like to dispel a few myths about buying a foreclosed home and help you increase your potential of finding a more perfect home or investment.

Get The Best Deal on a Home

It's common knowledge that a foreclosed home is a result of the owner falling behind on their mortgage for a period of time. It's a common

9,551 Views, 4 Comments