Team Proven Home Pros of Greater Cincinnati & Dayton Ohio, REALTORS®

When it comes down to it, the opinions that carry the most weight are the ones based on experience and expertise. Here are two expert opinions from professionals and organizations that have devoted their careers to giving great advice to the housing industry. “… conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.” “The housing market is in line with fundamentals as interest rates are attractive and incomes are high due to fiscal stimulus, making debt servicing relatively affordable and allowing buyers to qualify for larger mortgages. Underwriting standards are still strong, so there is little risk of a bubble developing.” Many find it hard to believe, but housing is actually undervalued in most markets and the gap between house-buying power and sale prices indicates there’s room for further growth

Mortgage Rates Will Likely Increase, but Remain Low; However, even as mortgage rates rise, the anticipated increase is expected to be modest, at most, and still well below historical averages. Rates remaining low is good news for homebuyers who are looking to maximize their purchasing power. There are signs that we may see the current inventory challenges lessen, slowing the fast-paced home price appreciation and creating more choices for buyers: We have seen more new listings this year compared with 2020 in 11 of the last 13 weeks. The influx of new sellers over the last couple of months has been especially helpful in slowing price gains.

Know Your Numbers Having a complete understanding of your budget and how much house you can afford is essential. Connect with a lender. Brace for a Fast Pace. You need to see any new listing ASAP showings begin. We will do everything they can to help you stay on top of every possible opportunity. Make a Strong, but Fair Offer Be a Flexible Negotiator HIRE an Expert that can provide you with a professional game plan, set expectations and walk you through the process hand-in-hand

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price. An appraisal gap is the DOLLAR amount that a buyer will voluntarily cover over the amount that the house appraises for. For example if a Home is listed for $200,000 and the buyer offers $215,000 with a $10,000 appraisal gap; the Buyer has to come up with the pre-determined downpayment for their loan amount PLUS any amount of difference between $210,000 and $215,000. So if the hone appraises 'short' the sale price at $211,000 then the buyer must bring an additional $4,000 to closing.

NO your home does not just "sell itself." Even if there is a buyer that would make an offer on the home, in current condition, it will probably not be the highest value that you could get with a little elbow grease and some planning. Putting forth a small amount of effort will increase the pool of buyers, the pool of loan types, the success of appraisal and less underwriting conditions. the process will go smoother and you will make MUCH more money.

Great Question! This is where the biggest difference in Listing Agents can really help make your life much less stressful during a SUPER DUPER stressful time. . . . Excellent real estate agents (experienced, trained, aggressive and connected) will look at each and every offer with detail. They will consider the following factors: How professional the offer is written, Who the Buyer agent is and their reputation, Price, Type of Financing, WHO the lender is, inspection contingencies, personal property, appraisal contingencies, Closing dates and occupancy; among other factors

Getting an offer accepted boils down to ONE thing: An Excellently written Purchase Offer without ANY mistakes. Coupling that offer with a strong local lender and the best terms for the seller's benefit will end in success for you!

Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. The principal portion that reduces the loan balance builds the homeowner’s equity. In doing so, the principal payments behave like an automatic savings account. The principal payment is not money going out; it is money staying in. But home equity – the difference between the value of your home and what you currently owe – isn’t just built through your monthly principal payments. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth.In addition to being a critical tool in building wealth, a homeowner’s equity also provides significant flexibility. When you sell your house, the accumulated equity comes back to you in the sale. Recent increases in home equity coupled with record-low mortgage rates mean it could be the perfect time for homeowners looking to make a move.

We know the reputations of the lenders and the Realtors that you will be entering into contract with. we know how to navigate the inspections, appraisals and any issues that come up before closing.