Hello my name is Dennis King with REMAX Unlimited in Cincinnati Ohio.I have helped over 1,600 families make one of the largest financial decisions of their life.
Purchasing a home is a major step to financial security.The wrong step could be costly.Life is short, work hard and play hard and make smart decisions.
The market is always changing and when you only buy or sell 3-5 homes in a lifetime it's easy to see why you may not know everything that is important to consider when making decisions about buying or selling real estate.There have been over 200 changes to mortgage underwriting guidelines since January 1st 2008 alone!
You can't rely on the media to get your information on trends and facts.Their business is to get viewers and readers and they have perfected their craft with constant news programs 24/7. They give out bits and pieces, sound bites and headlines to attract viewers and readers.You need an experienced professional with a proven track record to guide you though the maze of information that's out there. What's important and what's hype
Especially in these turbulent times of bailouts, foreclosures, short sales and bankruptcies.No one has all the answers and nobody is perfect but we should all use the best resources and information available to make these life changing decisions.
The Cincinnati real estate market is still relatively strong and rated 6th in the country by Forbes magazine. There were 15,000 properties sold in the Cincinnati MLS system from Jan 1st to September 30th 2008. That's 57 properties a day 7 days a week. That's also 57 buyers and 57 sellers. You won't hear that in the media unless somebody pays for it.
Even though mortgage rates have declined in the last decade, rates may rise again.The 35 year average from 1972 thru 2007 is 9.22% for mortgage rates.(See the Graph button on my website for these graphs.) The Return on Investment dollars from Jan 1 ,2000 thru Set 30, 2008 is Dow -9.8%S&P -20.6%Nasdaq -47.8%Real Estate +72% Even with all the problems real estate has been the steady choice.
Think about this:In 2003 there were 500,000 loan officers in the country. In September 2008 there are about 150,000 loan officers.There is plenty of money to loan but it is back to the basics.
Live on a budget pay your bills and save some money for a down payment.
It is like a perfect storm for buyers today.This is the best buyers market in 25 years with record low interest rates a wide selection of properties with motivated sellers to choose from. Real Estate is cyclicaland this truly is a buyers market. This will change and it will be a sellers market and people will be asking themselves, why didn't I, buy back then?
What are you waiting for? Are you playing the real estate market waiting for the bottom?
As an example if a house is $400,000 in today's market @6% the payment = $2,398.20
If you wait and the price goes down which might happen but nobody knows for sure and the new price is $375,000 and the interest rates go up to 7% the payment is = $2,494.88.
It could cost you more to wait. But with all the pressure that is sure to be put on the dollar many economists think mortgage rates will rise substantially when the markets calm down. Some have predicted the market will turn upward in some areas as fast as it turned downward.
I have been in the Cincinnati Area Board of Realtors Circle of Excellence for 25 years in a row.
I am in the top 1% of agents in the country in sales production.
If you want to search all available MLS listings in the Cincinnati MLS just go to my website at www.dennisking.com or www.findcincinnatihomes.com
Through my website you will be able to access all active and pending MLS listings complete with multiple photos and virtual tours if they have them.
You can also access:
Maps and directions for listings anyplace in the USA
School district report cards and information
Charts and Graphs on the Real estate market here and across the country
Sales statistics by community
Articles that could affect or influence the real estate market
Demographics
Cost of Living comparisons across the country
Local community websites and information
Local vendors, useful phone numbers and interesting websites
Weather reports for Cincinnati and most of the USA
I try to make my site the most user friendly real estate site on the internet for real estate. You never have to give YOUR information to access the information.
I am not a high pressure type person. I think if a person has the right information they will call contact me when they are ready. There are many agents that use my site.
I would like to be your source for real estate information 24 hours a day 7 days a week.
There are about 6,000 real estate agents in the greater Cincinnati area. Contact me to see the difference experience and dedication make.
I would like to be your real estate consultant for life.
Put a wealth of experience and information to work for you.
My email address is dennis@dennisking.com
My website is www.dennisking.com or the mirror image site if you can't remember my name is www.findcincinnatihomes.com
My direct cell number is 513-378-5464
My toll free number is 888-755-5096
Thank you and have a great day!
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