Your Budget and Financial Picture. Buying a home can be a good financial investment and will likely be your largest asset in the future. There are also great tax benefits to enjoy while you own your home. Use this calculator to see how much you can afford http://lauriescalf.point2agent.com/Calculators/page_163210.html
2. Get professionals. Ask family and friends about professionals that they know and trust.
You will need a knowledgeable REALTOR agent. A real estate professional will really help you with the entire process. They know the area market and will be a great resource of information. Commissions are generally paid by the Seller, so having an agent represent you is a wise decision.
You will also need a lender you can trust. Getting preapproved for a mortgage is your first step to home ownership. I would recommend getting referrals for at least 2 mortgage professionals and get quotes to consider your closing costs and interest rates. A reliable lender will provide you with a “Good Faith Estimate” of all the costs involved and an estimated payment. Most importantly, you will know how much you can afford.
A Home Inspector will be very valuable to you during this time. You will have the opportunity to have your home inspected for any major defects or safety issues. The price of a home inspection is minimal compared to the cost of many big ticket repairs that you would otherwise get stuck with.
3. Consider your Neighborhood Carefully. Lots of things make a neighborhood attractive. Schools, attractions, services, crime rates, taxes are among a few. Even if you do not have school age children, you should consider the school district in your decision because the value of your home depends greatly on future buyers and what is important to them.
Look where values are increasing. Your agent can add a lot of information with comparing market prices in various neighborhoods.
Check zoning around your home. A hopping new club next door may not do a lot for the future value of your home.
There are many factors that should be considered when making the decision to buy a home or continue to rent.
Do you plan to stay in the area for at least 3 to 4 years? In most real estate markets it doesn’t make sense to buy a home that you will own for less than that. With the transaction costs of buying and selling you could lose money. If you stay less than 2 years, even if you make money, you will have to pay capital gains tax on any money that you make.
What is the cost of renting vs. buying in your area? In some areas, owning a home costs little more than renting. Beyond your mortgage payment, you have to also consider the costs of home ownership. Taxes, assessments, utilities, lawn care, maintenance, cost of maintaining appliances and repairs.
It’s all in your Budget! Before making the decision to buy a home, you must first look closely at your finances. Most lenders do not let you commit more than 28% of your gross income to the total of your mortgage, taxes and insurance. This combined with your total debt (cars, credit cards, student loans, etc.) not to exceed 36% of your gross earnings.
The Money needed to buy a home. Besides your down payment, as little as 3.5% with an FHA loan, you will need money for inspections and closing costs. A whole house inspection averages around $300 in this area, with additional inspections, such as radon, termite and chimney the total is upwards of $500. There are also moving costs. Consider all of these costs when making your decision.
Click this link to use my mortgage calculator and to get more information on what you can afford.
Directions - Wilmington Pike just north of Forrer to East on Mendota Ct.
You have to see this 4 bedroom, 2 Full Bath Home! 1184 square feet per county record! The eat-in Kitchen has built in china cabinets and there is a separate utility room. There is a lot of storage space in this home, including a pantry, linen closets, a hall coat closet and a walk-in closet on the 2nd floor. There are 2 bedrooms and a full bath downstairs and the same upstairs! The rear yard is fenced and has lots of privacy and a nice paved and covered patio. There is also a 1-1/2 car garage with a workshop. A must see! Call Laurie Scalf @ 937-470-7879 for your private showing today!
Charming Brick Ranch in Belmont! This well-maintained home has 3, possible 4 Bedrooms and 2 Full Baths. There is new carpet and paint throughout. Many of the windows have been replaced with double pane vinyl, including the beautiful Bay Window in the Living Room. There is a detatched garage and a nice private, partially fenced backyard for your Summer time Cookouts! There is a rec room in the basement with a nice bar and sitting area. Plenty of room for a game table or play area, as well. Make this your home!
Call Laurie Scalf at 937-470-7879 for your private Showing!
This home has been completely REMODELED! All new drywall, woodwork, carpet, paint, flooring and counter tops and is ready for a new owner to MOVE RIGHT IN! All the lighting and fans have been updated. Newer Doors, windows, wiring, plumbing, you name it, it's done for you. Even the Septic and Leech bed are new. There is a 4 stall barn for horses or other animals, that has an attached area with overhead doors to park your cars, plus a shed and a pole barn on 6.3 Acres of beautiful land! Come take a look at this nicely updated home and farm. Call Laurie Scalf for your Private Showing 937-470-7879
*All new drywall, woodwork, carpet, paint, flooring and counter tops
*Ready for a new owner to MOVE RIGHT IN!
*All the lighting and fans have been updated.
*Newer Doors, windows, wiring, plumbing, you name it, it's done for you.
*The Septic and Leech bed are new.
*There is a 4 stall barn for horses or other animals, that has an attached area with overhead doors to park your cars, plus a shed and a pole barn on 6.3 Acres of beautiful land!
*Come take a look at this nicely updated home and farm.
As you pull up to this 4 bedroom, 2 bath home you will notice the quiet street and charm just a few houses down from the park! Step inside to an open floor plan. The eat-in kitchen area and the bright Florida room leads to the fenced in backyard!
This home is priced to sell and ready to just Move in
Country in the City! Close to WPAFB, Beavercreek Very Convenient Location!
Lots of Land with .42 ACRES and a New Shed on a concrete pad. You have to see this beautifully updated ranch with 1334 Sq. Ft on the main floor plus nearly double your space with the FINISHED BASEMENT!
*The home has a brand new eat-in kitchen with beautiful Cherry wood cabinets, all new plumbing and electrical and tile flooring.
*New French doors lead to the 11' x 27' Enclosed Patio. The living room boasts nice hardwood floors and a bay window and is open to the kitchen.
*This home has 3 full bathrooms, all completely renovated with plumbing, fixtures, cabinets and electrical.
*Newer thermal windows throughout.
*The garage has a separate storage/workshop area and there is another workshop in the basement.
*Relax in the HUGE master suite! This room is 21 x 10 with a new bathroom!
Pride of ownership really shows in this home!
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ONE OWNER HOME IN THE CITY OF DAYTON OFF OF UNION SCHOOLHOUSE ROAD! $180,000
ATTENTION City of Dayton Employees! This Spacious one owner home located in the City of Dayton with Fairborn Schools is now available. The floor plan is unique to the neighborhood. On the main floor you'll find a nice size living room with an open staircase and a half bath. In the back, the light and open Great Room opens to the kitchen with an island and pantry, a dining area and a family room area! Upstairs there are 4 Bedrooms, all with walk-in closets. The Master Suite is Huge 18' x 15' with 2 walk-in closets and a 12' x 9' Master Bath! The laundry room is on the 2nd floor! The hall bath has a separate shower area! The back yard is fenced and has a 16' x 20' Wood Deck with a retractable awning!
Dayton Area Real Estate market statistics and helpful information. From averages to mortgages to avoiding mistakes that buyers make. Helpful information is a click away.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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