Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

Contact Me Today. Let's Work Together.

Real Estate Category

Smart Home 2018

filed under: Informational posted on June 22nd, 2018

Cincinnati Real Estate

By: Anna Kucirkova Is a Smart Home Practical in 2018? When we say “Smart Home,” your mind probably starts working a mile-a-minute. You probably imagine a Jetsons-like, technologically advanced home that responds to your every command. While that concept is certainly understandable, smart homes in 2018 look less like auto-retracting walls and floors that automatically absorb messes and more like homes with convenient, easy-to-use home integration and home automation systems. The practical uses of smart home automation and integration systems are much different than our...

Read More »

May 2018 Home Sales Update

filed under: Real Estate posted on June 20th, 2018

Cincinnati Real Estate

May 2018 home sales update for Greater Cincinnati.   Home sales continue to outpace the number of new listings which continues to drive up sale prices in some areas. Comparing the average sale price for single-family homes during the first 5 months of 2017 ($197,908) to 2018 ($213,463) our area experienced an increase of +7.3%. Still suffering from fewer and fewer single family homes are for sale in Greater Cincinnati.  Down nearly -14% from the same time last year. HomeSearch Single-family home sales volume for the...

Read More »

Will it Appraise?

filed under: Real Estate posted on June 18th, 2018

Cincinnati Real Estate

Contrary to popular belief appraising real estate is not rocket science.  However, a good appraisal requires both knowledge and time to prepare.  "Will it appraise" is a good question in Cincinnati's overheated/overpriced real estate market.    The sole purpose of the appraisal is to make sure that the amount being borrowed doesn't exceed the value of the home. The lender is using the house as collateral for the loan and they want to protect "their" investment. Houses don't always appraise for the contracted amount. Bidding...

Read More »

The Impact of Rising Interest Rates on Cincinnati Real Estate

filed under: Real Estate posted on June 16th, 2018

Cincinnati Real Estate

The impact of rising interest rates on Cincinnati real estate will hit all price points. On Wednesday "The Fed" ( The Federal Open Market Committee) raised its lending interest rate by 0.25% to a range of 1.75%-2%, the highest since September 2008. From NAR “We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest rate increases over the next 18 months,” said NAR Chief Economist Lawrence Yun. “Mortgage rates will consequently continue to...

Read More »

Answer 3 Easy Questions Before You Build

filed under: Real Estate posted on June 13th, 2018

Cincinnati Real Estate

Have you decided to build your next home?  Answer 3 easy questions before you decide to build. You're exhausted after looking at every house on the market.  And now you're thinking about building a new home and wandered through homes under construction or "spec" homes and think you need to start from scratch. Search There is something so intriguing and scary about building a home.  A home built to your specifications is uniquely "yours".  It's clean, neutral colors and you don't have to redo several...

Read More »