cincinnati real estate guy: Would you like to be an "INVISIBLE" home buyer? - 03/05/12 09:37 AM
Would you like to be an "INVISIBLE" home buyer?How do most home buyers look for properties in today's market?Let's look at the 3 most common ways:1. looking on the Internet2. picking up a real estate magazine3. driving by properties in the neighborhoods of their choiceWith Internet access, it's very easy for home buyers to stay invisible when looking online for properties. Most web sites don't require them to register by filling out their name, phone number, address, etc.Real estate magazines are getting harder to find in public places and when you do find one, there's not a table of contents to … (0 comments)

cincinnati real estate guy: Importance Of a Qualified Home Inspector When Buying in Cincinnati Ohio - 02/28/12 03:27 PM
Importance Of a Qualified Home Inspector When Buying in Cincinnati Ohio
When you buy a Cincinnati Ohio home, you not only buy the structure, but the history of the structure.  Although most people are honest, you still have to do what is necessary to protect yourself.That is why hiring a qualified home inspector with years of experience is essential.
Having a home inspection is a good idea for many reasons.  There may be issues with the house that the seller would rather not disclose for fear of losing the sale.It also may involve a very expensive repair that they are not … (0 comments)

cincinnati real estate guy: How Jason & Cindy Saved 6 Months of Time and $4,350! - 09/15/11 09:25 AM
How Jason & Cindy Saved 6 Months of Time and $4,350!by Dan Weis, Cincinnati Realtor, Home Buyer SpecialistCincinnati, OH Real Estate
Jason and Cindy came to me last summer ready to stop paying rent of $725/month and buy their first home.  They had been renting an apartment in the Cincinnati area for 3 years and were sick of it.  I recommended that they meet with a mortgage consultant, who would review their financial situation, including their credit scores and discuss 4 different mortgage options with them, based on their life plans for the next 5 - 10 years.  They found an FHA program that … (2 comments)

cincinnati real estate guy: 165 Feist Manor Dr, Cincinnati OH 45238 (Delhi Township) - 02/25/11 08:40 AM
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cincinnati real estate guy: 7240 Redondo Court, Madeira, OH 45243 - 02/24/11 09:41 AM
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cincinnati real estate guy: How To Beat Other Buyers To The HOT, New Listings! - 07/17/10 07:29 PM
How To Beat Other Buyers To The HOT, New Cincinnati Listings!
If you are planning to buy a home or condo within the next 3 - 6 months, it's important to start your education process now.    You want to become an informed consumer about the Cincinnati real estate market BEFORE you commit to buying a home.   Even in the buyer's market that we're in today, it's important to stay up to date on what's coming on the market for sale.  Homes that are priced well and in excelling condition will still command top dollar.   With interest rates approaching … (1 comments)

cincinnati real estate guy: Mortgage Modifications Gone Bad... - 09/15/09 04:58 AM
Story after story talks about how homeowners, who are attempting to modify their adjustable interest rate home loans to lower their payments, are now watching their monthly payments skyrocket.  
Please don't get an adjustable rate mortgage (A.R.M.)!  
I just read a story about a couple in AZ with a $550,000 home and they are trying to get a loan modification, because their interest rate is going to adjust (UP) to over $1,000 more per month.  Most Americans cannot afford a jump in monthly payment like that.  
When you are looking to purchase a home, only apply for a fixed interest … (3 comments)

cincinnati real estate guy: Cincinnati Home Buying Tip: Don't Buy A Home & Get A Tax Bill Surprise! - 01/27/09 06:09 AM
Are you planning to buy a home in Cincinnati, Ohio in the near future? 
If so, when viewing properties, make sure you do a double take at the property tax amount.  You need to confirm that the tax bill amount is accurate with your local county auditor's web site.
Then you need to take it one step further and check to see if a Homestead Exemption discount has been deducted from the tax bill amount.  (In the state of Ohio, a person 65 years of age or older may qualify for the discount.)  You see, Multiple Listing Service (MLS) property sheets can … (1 comments)

cincinnati real estate guy: Cincinnati Home Buyer Tip: Beware of Winter-Time Fees on Lender-Owned Properties! - 10/27/08 06:29 AM
If you're planning to purchase a lender-owned property, be aware of the additional fees you'll end up paying.As we approach the season of overnight temperatures often reaching 32 degrees and below, one of the things consumers need to be aware of when they make an offer on a lender's foreclosed property is to read the fine print. There are many listings that now state in the remarks that the "BUYER" is responsible, at their own expense, of having the property's plumbing de-winterized for their inspections and then re-winterizing it when the inspections are completed. I've heard cost estimates of $250 - … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying Tip: Short-Sale Listings Abound! - 04/10/08 09:46 AM
As I continue showing homes and condos in our current real estate market, I'm finding up 50% of the properties are listed as foreclosures or short-sales. What does this mean to you, the buyer? Timing, for one thing, can be widely varied. In many foreclosures, where the lender has already purchased the home, the normal time frame from accepted offer to closing is usually 30 - 45 days. With foreclosures, you're also buying them in 'as-is' condition, even though you can have inspections to see if you still want the property. Fannie Mae also requires the buyer to pay around $125 … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying Tip: Put Spending Habits In A Deep Freeze! - 04/03/08 09:48 AM
Put Your Spending Habits In A Deep Freeze! 
Once you apply for a mortgage, put your spending habits into a deep freeze for the next 30 - 45 days, just until you close on your new home. An important factor you need to know about during your mortgage approval process is your active credit situation. DON'T make any major purchases...credit or cash or lease a car or apply for a new credit card. Don't buy an item to put it layaway. You need to freeze your spending habits except for normal purchases, like food and gas, etc. It used to be … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying Tip: Even If All Your Ducks... - 03/27/08 08:19 AM
Even if all your ducks are in a row...
When you apply for your mortgage pre-approval, understand that it's just the beginning of the paperwork and the watching of your ongoing credit.Once you find a home and write an accepted offer, that's when the mortgage approval process really gets in full swing. During the normal 3 - 4 weeks of having your credit, assets, debts and property appraisal reviewed, there will be times where your mortgage consultant will ask you for additional documentation.You may be thinking to yourself or saying out loud, "Why didn't they ask for this earlier?" or … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying Tip #17 - Home Warranties Can Give Peace of Mind! - 03/20/08 10:15 AM
When purchasing a property, is it worth getting a 1-year home warranty plan? I say "Definitely, YES"! Prior to a few years ago, home warranties were available for purchase, but weren't always selected, because sellers wouldn't always offer them. Now, in the Cincinnati Area Board of Realtors purchase agreements, home warranties are included in the paperwork and negotiated into an offer with the buyer having the option to ask a seller to purchase one on their behalf or the buyer can purchase a policy themselves. What's often covered in a home warranty plan? heating systemair conditioning systemplumbing systemwater heaterelectrical systemkitchen appliancesIt's … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying #16 - Constantly Changing Mortgage Rules! - 03/13/08 06:30 PM
Be Aware Of Constantly Changing Mortgage Rules!
Once you find a home that you want to call your own, the next important step is to make sure that your mortgage process is moving forward smoothly.It's just as important for you as well as your mortgage consultant to stay on top of things during the mortgage underwriting process. In this day of constant changes in the mortgage industry, no home loan is immune from possible delays. FHA, VA, Fannie Mae and Freddie Mac are going through continuous changes in their guidelines and rules that you end up having to abide by. What … (1 comments)

cincinnati real estate guy: Cincinnati Home Buying #15 - What To Know About FSBOs! - 02/28/08 05:29 AM
What is a FSBO?It's an acronym for: For Sale By Owner and it's pronounced (fizz-bo) As a new home buyer, it's important to understand the possible reasons that a seller is selling their property on their own as a FSBO. Here's a few:
They may have little or no equity in the home and need to save money. They may have had a bad experience with a Realtor in the past. They may have sold property as a FSBO before and are doing it again. They may have plenty of time to sell or aren't motivated to sell. They try on … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying #14 - Your Lender's Expertise Is Critical! - 02/16/08 10:04 AM
As the real estate and mortgage markets continue to recover, we are seeing more and more restrictions on lending to try and right the ship. One monster that started to surface way back in July of 2007 was the "Declining Markets" guidance sent out by FannieMae (Federal National Mortgage Association). In short, FNMA began to notice in their massive data base that there are areas of the country that are seeing consistent declines in market value, yet they don't have a standard industry definition of what constitutes a declining market.So what does this all mean?Well, if your lender receives this message … (0 comments)

cincinnati real estate guy: Cincinnati Home Buying Tip #13 - "Is This The One?" - 02/07/08 02:35 AM
As you look at different homes, you're always wondering "is this going to be the one"?"Is this the home that I'll fall in love with and live in for many years?"Whether you've looked at 5, 10, 20 or more homes, you'll always wonder if you're picking the right property for you.One of the ways to help you compare is to set up a rating system. On a scale of one to ten, how do you rate each home?I always tell clients anything less than a 5 means 'run away'. If you pick the numbers 6 or 7, it means that the … (2 comments)

cincinnati real estate guy: Home Buying Tip # 12 - 3 Focus Points When Viewing Properties! - 01/31/08 05:20 PM
When you begin your home/condo search, here are 3 things you need to be focused on when viewing properties:
Functionality of Floor Plan - Does the floor plan flow or is it choppy? Does it meet your needs? When you walk through a home, it's important initially get a feel for the home, because emotion plays a big part when house-hunting. It's easy to get distracted by the seller's furnishings if the home is occupied, so you need to do your best and visualize the property with how you would furnish it. Is the floor plan bright & open or seem dark … (0 comments)

cincinnati real estate guy: Home Buying Tip #11 - The Appraiser's Role In The Home Buying Process! - 01/24/08 06:52 AM
The appraiser's role in the home buying process is to determine a value of the property for their client, the lender.   No, not for you, the buyer, but the appraiser is looking out for the lender's interests in the value of the property, because if something goes wrong and you can't make the payments any longer, then the lender needs to know that they have a salable property.  
In the early 2000s, it was easier for appraisers to value properties, because home values kept rising.  Though they did need to be careful not to over-value. Now, appraisers need to figure out if … (0 comments)

cincinnati real estate guy: Home Buying Tip #10: Insights To Selecting Homeowner's Insurance! - 01/17/08 03:05 AM
The other day I asked one of my Preferred Service Team Professionals, Karen Bastian of American Family Insurance, the following question: "What are some things a buyer needs to know about making a decision on which homeowner's insurance policy to purchase for their new home?" Here's what Karen said:"There are several things to consider when purchasing a homeowner's insurance policy.First we'll look at the dwelling coverage, which is insuring the structure itself and anything permanently attached to the structure (such as kitchen cabinets). It's very important to make sure the policy is covering your house for replacement cost. There's software we … (0 comments)