Real Estate Buying

Home Buying 101

June 28th, 2010 categories: Cincinnati Ohio, First Time Buyers, Real Estate Buying, Real Estate News

Some professional advice for home buyers:

Keep Your Home Purchase on Track

You’ve found your dream home. Make sure missteps don’t prevent a successful closing. Read
Understanding Real Estate Representation

Whether you’re buying or selling, it’s important to choose representation that meets your needs in the transaction. Read
4 Tips to Determine How Much Mortgage You Can Afford

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read
7 Tips for Improving Your Credit

Here’s how to clean up your credit so you get the least-expensive home loan possible. Read
7 Steps to Take Before You Buy a Home

By doing your homework before you buy, you’ll feel more content about your new home. Read

Visit houselogic.com for more articles like this.

Posted by Kathy Koops | Discussion: No Comments »

New Home Construction in Greater Cincinnati

June 21st, 2010 categories: Cincinnati Ohio, Real Estate Buying, West Chester Ohio

A successful show at CiTirama closed on June 13th and the event reawakened the dreams of building a new home for lots of people.

In the 4 counties (Butler, Warren, Hamilton and Clermont) there are 10,436 single family homes listed for sale and 832 are new construction. Some of the “new houses” are simply a piece of land and picture- waiting for a buyer. Some of the houses are in various stages of completion.
New construction availability within some school districts:

Cincinnati homes

The availability of new housing stock is a good indicator of the stability of the real estate market in greater Cincinnati.

And while new homes are beginning to pop up here and there- the area has not recovered to the point where builders can afford to have several empty homes for sale at one time. So if you are even thinking (remotely) about new construction- start looking now. If you decide on a builder or area and have to wait for something to be built to your specs- the time-frame can be anywhere from 3 months to a year.

If you need scoping out an area or a builder- call or email.

Posted by Kathy Koops | Discussion: 1 Comment »

The Big Real Estate Question-Will It Close by June 30th?

June 7th, 2010 categories: First Time Buyers, Real Estate Buying, Real Estate News

Buyers bought and sellers sold- will the deal close in time to be eligible for the Tax Credit?

I recently heard somebody mention that if you didn’t close your “tax credit” purchase by the mandated date of June 30th- the government would extend the deadline.

Not true!

I’ve checked with several different lenders and closing company attorneys, as well as the NAR site, and nobody knows anything about a closing date extension.

Buyers hoping to qualify for the tax credit(s) needed to have an accepted purchase contract by April 30th and close by June 30th. Many of these closings have been scheduled for the last week of June-which does not leave any time to resolve any last minute issues. If you are one of the many hoping to close at the end of the month-stay on top of your lender and title company to resolve any problems now rather than later. Normally your Realtor is managing the process-but you are the lender’s “real client” -so you have more control than we do.

Posted by Kathy Koops | Discussion: No Comments »

It’s Almost Time for CiTiRAMA

May 27th, 2010 categories: Real Estate Buying, Real Estate News

cincinnati citirama

One week until Cincinnati CitiRama!

Mark your calendar for June 3rd- and take some time to visit Northside and Citirama -Rockford Hills.

In April I told you about Citirama in Rockford Hills. A gorgeous neighborhood surrounded by woods and just a short hop to UC and downtown Cincinnati. Several of the homes have already sold- good news in today’s real estate market.

Posted by Kathy Koops | Discussion: No Comments »

Please! Don’t Waste Your Money-With a Disclaimer

May 19th, 2010 categories: Cincinnati Ohio, Real Estate Buying, West Chester Ohio

Last night on WCPOJohn Matarese’s segment of “Don”t Waste Your Money” provided information about the current housing market- aimed at potential buyer concern of buy vs. rent.

Your Realtor can provide you with an in-depth historical analysis of sale prices, days on market as well as information about current listings for all price ranges in the metropolitan Cincinnati area.

One thing a Realtor (or anybody else I know) cannot provide- is a crystal ball prediction of the future value of any home or condo.

Today’s real estate market really highlights that buyers need to do their homework, understand their own financial standing and make their own decisions.

Looking for a detailed analysis for a particular Cincinnati, Mason or West Chester neighborhood- call or email.

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