Homes for sale Cincinnati Ohio-Cincinnati Real Estate

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For Buyers Category

The Final Walk Through

filed under: For Buyers posted on August 19th, 2015

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

Buyers need to schedule time for the final walk through prior to closing in order to make sure the property is in the same -or better- condition as it was the day you signed the purchase contract.  The final walk through doesn't replace the home inspection, which should have happened within a couple weeks of buying the property.  By the time you are ready for the final walk through, repairs that were negotiated earlier should be completed (you should have...

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Ohio Bond Money and First Time Homebuyers

filed under: For Buyers posted on August 15th, 2015

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

Good news about Ohio bond money and first time homebuyers.  The Ohio Housing Finance Agency ( OHFA ) First Time Homebuyer Program serving the greater Cincinnati area continue to offer competitive interest rates and programs. Credit score: The credit score for borrowers using OHFA's First-Time Homebuyer program must equal at least 640 or higher. The following fees may apply to your OHFA loan: .50% Origination Fee – Payable to Lender .25% Adverse Market Fee on Conventional Loans – Payable to US Bank (FNMA charge) $350 Funding...

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5 Things Buyers Need to Know About Homeowner Associations

filed under: For Buyers posted on August 7th, 2015

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

The 5 things buyers need to know about Homeowner Associations (HOA).  Many communities built since the early 1980's have a HOA with rules and regulations governing the not only the "look" of the community as well as listing all the do's and don'ts for residents.  Many buyers assume that only condominium communities have HOA's and ignore their opportunity during the contract phase allowing review the documents covering their future neighborhood.  Most HOA's regulate the height of fences, restrict above ground pools,...

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Mortgage Rates

filed under: For Buyers posted on July 30th, 2015

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

Mortgage rates have bounced up and down over the years and even a  small rise in interest rates can have a high impact on buying power. According to an article in CNN Money Cincinnati area rents rose 6.2% during the last 12 months.  Trying to manage rent increases with saving for a down payment for a home can be difficult - but by waiting- buyers could be faced with higher interest rates and rising rents. Good news- at least interest rates are not...

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Where Are Mortgage Rates Headed?

filed under: For Buyers posted on March 2nd, 2015

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s February 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of...

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