Blog | HomeBackers

First Three Steps to Buying A House

October 13, 2010 By Homebackers

First Three Steps to buying a house

Get Pre Qualified-
This should be one of the first things you should do when you are getting ready to buy a house. This will tell you a lot of things just by doing this alone. First of all it will tell you if you can buy a house or not. It will also let you know how much of a house you can afford whether it’s a 50k house to a 500k house depending on your income and credit score. In order to get pre qualified for a loan you will need to go speak to a loan officer or a mortgage broker. These are people that will be able to pull your credit and get a loan for you. Once you get all squared away they will issue you a Pre-Approval Letter which basically means that you have been pre approved to buy a house, which takes us to the next step to buying a house.
Find A Home-
Now comes the fun part. Now you get to go out and find your dream home. I would highly suggest for you to hire a Realtor to guide you through this process. Hiring a REALTOR will accomplish 2 things. It will make the transaction go thru a lot smoother since they are trained in the real estate field and can write up and negotiate your offer for you. Also they will be able to show you homes that you can’t find on your own. The reason they have the power to do so is because they have access to the “MLS” which is a database which stores every house that is active on the Real Estate Market. It is a really powerful tool that only REALTORS have access to. Here at HomeBackers, we are one of the fastest growing Real Estate Companies in the Greater Dayton Ohio Area and we give you FREE access into the MLS just by going to our website http://www.HomeBackers.com. There is no signup required to search this database on our website, we have this as a free tool showing people that we deliver the best customer service out there. So go ahead and search the MLS at www.HomeBackers .com and call or contact us when you find some homes that you like and would like to potentially buy. You can also contact a HomeBackers REALTOR and they can assist you with your search and finding a house.
Once you walk thru a few homes and find the one you want to buy, now it’s time to get it under contract and put everything into writing, which brings us to step 3 in buying a house “ Write a Contract”. This is another HUGE reason why you should hire a REALTOR in your home purchase. Chances are that you have no clue on how to fill out a Real Estate contract so again I strongly advise you to hire a REALTOR for that. They will also help you come up with a good offer price so that you know you’re not offering too much. Once you get the seller to accept your offer and sign your offer contract you now have a written deal at which you can proceed with.
Stay tuned to HomeBackers Blog for more tips and tricks to buying a house. You can contact us at 937-754-1111 or visit us online at http://www.HomeBackers.com

Filed Under: Education Tagged With: dayton house, dayton MLS, dayton ohio MLS, Dayton Ohio Realtors, dayton Realtors, homes for sale dayton ohio, houses for sale in dayton

Bar Louie Tuesday $1 Burger Night

October 12, 2010 By Homebackers

If you’re out and about tonight or any Tuesday for that matter you should check out
going to Bar Louie. Every Tuesday night they have a special going on that you can get a 7 ounce burger for just $1 Dollar. Great price if your looking for a good cheap meal and maybe some entertainment for the family as well. Bar Louie is located at The Greene in Kettering on 4492 Glengarry Dr in Beavercreek Ohio

Filed Under: Things to Do Dayton Ohio Tagged With: bar louie, bar louie dayton ohio, Bar Louie Happy, dayton ohio MLS, Dayton Ohio Realtors, the green dayton, the greene dayton ohio

Credit Counseling

October 12, 2010 By Homebackers

If you’re looking to buy a house the first thing you should do is talk to a loan officer to get pre approved to buy. By doing this will tell you a lot of different things. It will give you an idea what you can afford and give you an idea of what your monthly payments are going to be. More importantly it will let you know if you are able to buy a house or not. I don’t want to go into any detail on this article if you CAN buy a house; but I do want to go into detail on it you get denied for a loan and need to get your credit up in order to buy in the near future.
I think we would all agree that owning a home is the American Dream. It can be devastating if you get turned down for a loan and can’t buy a house. There is an option for people that are in this situation and that’s to get credit counseling.
So what is credit counseling?
Credit Counseling is professional counseling provided by organizations that help people improve bad credit and how to avoid gaining more debt. Your credit is the major factor on if you can buy a house or not that’s why you need to keep it in the tip top shape. If you need to increase your credit score, I would highly suggest getting credit counseling. Depending on your credit it may take a while to rebuild, but a lot of the times it can be done within a couple of months. Your local credit counseling service can give you a good idea on how long it may take in order to rebuild your credit and be able to buy a house just by looking at your credit report. One tip I want to give you. Pull your own credit once a year. You can do so by going to http://www.AnnualCreditReport.com. You have been given the right to know what your credit report looks like and it’s important to know what’s on it. This way you will know if there is something that pops up on your credit that really shouldn’t be on there. If that does happen make sure that you dispute it right away and get it taken off immediately. When you get counseling they will be able to help you do everything to rebuild your credit and keep it that way.
HomeBackers is one of the fastest growing Real Estate Companies in the Greater Dayton Ohio Area and we work with great Credit Counselors on a daily basis to help our buyers be able to live the American Dream of owning a home. If your credit is ahhh OK you can contact HomeBackers at 937-754-1111 or visit us at http://www.HomeBackers.com in order to get some excellent references of counselors all over the Greater Dayton Ohio Area.

Filed Under: Education Tagged With: american consumer credit counseling, consolidated credit counseling services, credit and debt counseling, credit card counseling service, credit counseling, non profit credit counseling

Different Types of Loans

October 11, 2010 By Homebackers

Different types of Loans
If you are considering a real estate purchase, the first thing that will need to be addressed is getting financing. There is a ton of mortgage options that are available in the market today, making it very necessary for anyone to educate themselves on the differences between them in order to get the best possible loan for their needs.
One of the most popular home financing options today is the traditional fixed rate mortgage. This is actually the loan of choice in nearly 70 percent of home purchase transactions in today’s market. One of the biggest reasons that people like a Fixed Rate Mortgage is because of the stability that comes with it. The interest rate is locked in and remains the same throughout the term of the loan, regardless of the changes that may happen to the market. This allows the new buyer to rely upon a stable monthly payment every month on the principle and interest throughout the term of the loan, whether it’s a 15 or 30 year loan.
Adjustable rate mortgages, or ARMs, are another option that has become quite popular in real estate transactions. These loans have an interest rate that is tied to an index, changing with prevailing market rates. Generally, certain intervals at which the interest rates are adjusted are specified in the loan contract. If the prevailing market rate has increased from one adjustment period to the next, the monthly loan payments will rise. If interest rates have fallen, so too will the consumer’s payment. Often, there are caps placed on the amount that the rate can change during each adjustment period, and some carry a lifetime cap, limiting the amount rates can be increased over the term of the loan. Be careful if you decide to get an adjustable rate mortgage that your payment will fluctuate depending on the market rate.
Government Guaranteed Mortgage Loans
The FHA loan is a fixed rate mortgage that is designed especially for the first time home buyer with moderate or low income. FHA loans are guaranteed by the Federal Housing Administration, these loans can be easier to qualify for than a traditional FRM and allow a smaller down payment than most other home loans, normally about 3 percent. Interest rate are usually lower than standard fixed rate loans, and programs are available for the purchase of single family homes or multi-family homes, as long as they are to be owner occupied.
VA loans are another government guaranteed mortgage. In order to be eligible for a VA loan, one must have a history of active military service or be the surviving spouse of an active service member. Often, a veteran can obtain a VA loan with little or no down payment, but must demonstrate the ability to make monthly payments.
The USDA Rural Development Guaranteed Housing Loan is another government guaranteed home loan option. This type of home mortgage loan is provided to low and moderate income individuals who are purchasing a home in an area designated as a Rural Development eligible area. No down payment or mortgage insurance is required with this loan program, and qualification can be much easier than your average home loan, allowing consumers with less than perfect credit to obtain financing for home purchases. Make sure that if you are inquiring about a USDA loan that it is available in the area you are looking to buy. You can check with your Loan Officer and they will have all the answers about if a certain neighborhood qualifies for USDA mortgages or not.

Option ARMs
Also referred to as flexible payment ARMs, Option adjustable rate loans have an interest rate that adjusts every month with no adjustment caps. These loans allow borrowers to make very low mortgage payments initially, but these monthly payments will rise over time, often quite steeply. I would caution you that if you choose to get an Option Arm Loan that you have money in reserves in case you get surprised one month with a higher than expected monthly payment.
Balloon Mortgages
Balloon mortgages are structured with a payment schedule similar to that of a thirty year fixed rate loan, although the term of the balloon loan is shorter, most often spanning five to seven years. At the end of the loan term, the outstanding balance must be paid in one lump sum, either out of pocket or by refinancing the home. This could be a good choice if you are in the military and want to buy a house. If you don’t know if you’re going to be in a home for a long amount of time you might want to look at this option. They normally offer good interest rates. However beware of the end date on the balloon mortgage because you will either have to refi it at the end or pay it off completely and trust me time flies and it will go faster than you think it will.
Interest Only Mortgages
Interest only mortgages are loans that allow the borrower to pay only the interest on the loan for a predetermined period of time. The principle of the loan is not paid down during this period at all, leaving the homeowner a lower monthly payment to meet over the short term. However, once this initial interest only period expires the payments increase to include repayment of the principle and are steeper than a standard loan, as the principle must be paid over a shorter time period. The longer the interest only period, the higher the payments will rise after its expiration.

If you are looking to buy a house you will need to be familiar with all the different loan types that are out there. I know it can be overwhelming. The best thing to do is talk to your loan officer about all the different options for loans. HomeBackers is one of the top Real Estate Companies in the Greater Dayton Ohio Area that can refer you to the best Loan officers in the business. We only work with the best that give you the best customer service and bang for your buck. You can contact HomeBackers at 937-754-1111 or visit us online at http://www.HomeBackers.com

Filed Under: Education Tagged With: balloon mortgages, debts consolidation loans, different types of mortgage loans, home advice, interest only loans, option arm, types of mortgage loans

How Loan Modifications Work?

October 8, 2010 By Homebackers

There has been a lot of attention in the last six months about loan modifications. Loan modifications are helping millions of homeowners keep their homes. With a loan modification, your lender modifies your existing mortgage to lower your interest rate, transfer any arrearages to the back end of your loan and extend your loan term. The end result is you now have a lower and affordable monthly mortgage payment.

Who Qualifies?

Homeowners who are at risk of losing their home and who are in default. There are several programs available, so you need to check with your lender as to which one you qualify for.

For instance, under the Government’s Making Home Affordable Modification Program, homeowners who are at risk of losing their home can qualify for a loan modification if they meet the following guidelines:
• Have secured your mortgage before Jan. 1, 2009.
• Have a primary mortgage of less than $729,500.
• The home must be your primary residence and you just reside there.
• Must fully document income by submitting your tax returns and paycheck stubs.
• Sign a financial hardship statement.
• Get counseling if your total household debt totals more than 55 percent of income.
• You can only modify your mortgage once under the program.

Loan modifications are a solution only if you have sufficient income to make the monthly payments. If you do not, then other options might work such as selling your home or selling with a short sale.
How Long Does the Process Take?

From beginning to end, a loan modification can take a couple months or longer to get approved. To speed the process up, you may want to consider hiring a professional such as a real estate attorney or loan modification specialist to negotiate with your lender. At HomeBackers we are industry experts that can help you negotiate a resolution with your lender. Our telephone number is 937-754-1111 and our website is http://www.HomeBackers.com.
The reason you should work with loan modification experts is because they are knowledgeable about the process and have established relationships with lenders. If you don’t submit the right paperwork, you may not get approved, and you could end up losing your home to foreclosure.

The costs vary. Some companies charge a fee equal to two months of your mortgage payments, while others charge a flat fee. Shop around. Keep in mind that there are crooks in the industry that may take advantage of your situation. So check references of any loan modification company you decide to hire first to make sure they are legitimate. A certified HUD housing counselor can also help you, and they do not charge for their services. To find a list of housing counselors in your area, check the HUD website at http://www.hud.gov/offices/hsg/sfh/hcc/fc/.
Doing it Yourself

If you decide to negotiate the loan modification yourself, here are some steps to take:

1. Call your lender or loan servicer and find out if you qualify for a loan modification.

2. Download their packet of forms and complete them. If they do not have any forms, then you will need the following:

a. Hardship letter.
b. Authorization letter in case you want a third party such as your lawyer or mortgage broker to have access to your information.
c. Last two paycheck stubs.
d. 1099 or W-2 form.
e. Tax returns for the past few years.
f. Financial statement reflecting your assets and debts and liabilities.

3. Submit the paperwork to the lender for processing.

4. Call every day until a negotiator is assigned.

5. Once your lender approves, your application, you don’t have to accept their first offer. If you are not happy with what they proposed, you can counter it.

The lender is looking to make sure that you have enough income to pay for the new loan payment. So if you are not working or have no income, a loan modification is not for you.

The benefits of a loan modification are you get to stay in your home and not lose it to foreclosure. Your payments are lowered to a more affordable payment. However, if don’t make your payments on time, you will end up in default again, and may not be able to save your home. If you don’t think you can afford the mortgage payments, selling your home or doing a short sale maybe a better option for you. The best advice is to explore all options first before making any decisions. HomeBackers is available to assist you with your options and negotiations. Our telephone number is 937-754-1111, and you can visit us on our website http://www.HomeBackers.com.

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Filed Under: foreclosure Tagged With: home loan modification, loan modification, loan modification companies, mortgage modification, obama loan modification, save my house, save my house from foreclosure

Huge myth about a Bankruptcies Impact to a Foreclosure

October 7, 2010 By Homebackers

Huge myth about a Bankruptcies impact to a Foreclosure

This is the #1 myth that people think when they call our office at HomeBackers.

Typically when a person goes into foreclosure they will turn to people that they trust and love for help and advice. We see that the most people get misled by attorneys and other professionals trying to get them to just file bankruptcy and they think that will make their foreclosure just go away. That is false false false.

At HomeBackers we can’t tell you to file bankruptcy or not file because we are not practicing attorneys, however I can tell you what happens to your foreclosure if an attorney does advise you to do so.

Here’s the thing:

When a house is in foreclosure and the homeowner also files a BK there is a “STAY” granted. This means that creditors cannot go after the homeowner, bug them, call them or pursue the payment of the money. This “STAY” is granted because the BK system is working its way through and while the BK trustee is trying to figure out if there’s any money to pay the creditors they don’t want the creditors hounding the homeowner. So a “STAY” is granted. BUT when the property comes out of BK, either through the BK being dismissed, discharged or the “relief from stay” is granted then the banks can pick up the foreclosure process where they left off and foreclose on the homeowner damaging their credit even more.

You have to understand that even though people that have a professional in their name or even the word attorney in their name that they are a business too. They still need to make money just like everyone else does to survive and might mislead you in some ways so they can pad their wallet a little bit more. So here’s what you do, if you are in a foreclosure situation and thinking about filing a bankruptcy ask your attorney these two questions.

What will happen to this foreclosure if I file Bankruptcy? Does it go away or will the lender still go through with the foreclosure after my bankruptcy gets discharged?

Hopefully you will get a straight up answer like I mentioned above or if you notice that they dodge that question a little bit; you might want to go to someone else to get some advice. I am not saying anything bad about attorneys, at HomeBackers we actually love working with knowledgeable attorneys in our line of work I just want you not to be misled in any way and understand that they are a business too.

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Filed Under: foreclosure Tagged With: bankruptcy stop foreclosure, bankruptcy vs foreclosure, can a bankruptcy stop foreclosure, does bankruptcy stop foreclosure, foreclosure vs bankruptcy, will bankruptcy stop foreclosure

Negotiating a Short Sale that won’t fail

October 6, 2010 By Homebackers

Negotiating a Short Sale That Won’t Fail

Sellers who are facing foreclosure and have opted to choose a short sale as the method of saving their home from foreclosure are facing two challenges. The first is successfully negotiating the short sale with a buyer that is qualified and willing to wait through the approval process. The second is getting the lender to approve the short sale. By breaking the process down in two parts, and hiring the right short sale experts you will be able to get your lender’s approval, sell your home and avoid foreclosure.

Part One

Attracting the Right Buyer

You will need to work with a short sale Realtor who is experienced with the short sale process and knowledgeable about selling real estate in your area. Here is how the process works:

1. List Your Home with an Experienced Short Sale Realtor and Price it Right

It is important to list your home with an experienced short sale Realtor that understands the short sale process because they have sold many short sale properties. Price your home at or below market value. The lender will be obtaining a Broker Price Opinion on your home’s value so you need to price correctly so the lender will approve the sale. Your Realtor can help you by giving you a comparable market analysis of similar homes that have sold in the area to determine the right sales price for your home.

2. Market Home to Buyers/Investors Who Understand the Short Sale Process

Avoid wasting time with the wrong buyer. Time is of the essence to save your home from foreclosure.

The short sale Realtor will market your home to attract the right buyer by advertising the property in the MLS, the Internet and other media such as newspapers, magazines, etc. as a short sale, subject to third party lender approval, so buyers are aware that the property is a short sale. This way there are no surprises. As a result, you will be dealing with serious buyers/investors who understand the short sale process and are willing to wait for the home. This increases your odds that your buyer will not walk away during the approval process.

3. Negotiate Short Sale Contingency With Buyer

Your Realtor will use special language in your contract to make sure that all parties understand that the closing is subject to third party lender approval. All contract contingencies start from approval by the lender. Because of this reason you should only deal with cash buyers. Once your lender approves the transaction, the lender expects the buyer to close in about two weeks from approval. Cash buyers can do this. Buyers who are obtaining financing normally cannot meet such a deadline.

Part Two

Hire a Short Sale Company to Negotiate With the Lender?

It is crucial to hire a short sale company. HomeBackers is a Real Estate Company with a highly educated Short Sale Division that can assist you with your short sale negotiations. Our telephone number is 937-754-1111, and our website address is http://www.HomeBackers.com. It is recommend you use a short sale companysuch as HomeBackers who specializes in negotiating short sales and has established relationships with lenders. The short sale company performs the following functions:

Submits all the required short sale package paperwork to your lender so that there are no delays. The short sale package includes your financial information, tax returns, W-2’s or 1099’s and recent bank statements, a financial hardship letter, authorization letter, copy of your purchase and sale contract, and your broker’s listing agreement. The lender must approve the contract and the broker’s commission agreement for the sale to close.

Communicates with your lender until a negotiator is assigned and your transaction gets approved. The short sale company has systems in place to speed the short sale process up for you. Generally a short sale takes about 3 – 5 months to get approval or longer. The short sale company communicates with your lender on a regular basis, sometimes daily until the job is done.

The functions of your Realtor and short sale company are completely different, but both need to communicate with each other on a regular basis for your short sale to be successful. The Realtor must also communicate with you and the buyer to keep everyone informed of the status of the short sale process. Many deals fall apart because the buyer is not kept up to speed on the process.

Successfully negotiating a short sale process is a team effort. By hiring a qualified short sale Realtor at HomeBackers to market your home to the right buyer and using HomeBackers expert short sale division, who will successfully negotiate the short sale with your lender, you will save your home from foreclosure and your credit. To reach HomeBackers, call us at 937-754-1111 or visit our website http://www.HomeBackers.com. You can then move on to other important matters in your life and start over.

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Filed Under: Stop Foreclosure Tagged With: dayton ohio, homebackers, short sale, short sale foreclosure, short sale house, short sale negotiator, short sale process, short sale specialists, short sale vs foreclosure

Stop Foreclosure Options

October 5, 2010 By Homebackers

Stop Foreclosure Options

There are many options today for homeowners who are facing foreclosure to stop foreclosure proceedings against their home. The most important thing is to start seeking help early on before you get too far behind on your mortgage payments. Talk to your lender and explain your financial hardship. Lenders want to help their customers keep their homes. It may also be a good idea to consult with a real estate foreclosure defense attorney, a short sale company or a certified HUD home counselor to find out what options are best for your financial situation. HomeBackers are expert short sale negotiators that can assist you with your options and negotiate a resolution with your lender. Their telephone number is 937-754-1111 , and our website address is http://www.HomeBackers.com.

The following is an overview of stop foreclosure options that are available to distressed homeowners:

Loan Modification

A loan modification is a modification of your existing mortgage. The purpose is to lower your payment by reducing your interest rate and adding the arrearages to the back end of your loan. Sometimes the lender will also reduce the principal balance. Loan modifications take at least a few months to get approved so be patient. You must show you have sufficient income to make the new mortgage payment. So if you are unemployed, a mortgage modification may not be the best option for you.

Refinancing

For those homeowners who have some equity in their home, refinancing is a good option if you currently have a variable interest rate loan. By reducing your current interest rate at least 2%, you will substantially lower your monthly mortgage payment. There are fees associated with refinancing so check around before you choose a loan product. Under the Home Affordable Refinance Program, you may qualify to refinance. Highlights of the Program are referenced below:

The Home Affordable Refinance Program

Homeowners with debt that exceeds their home value by 5% are eligible for refinancing.
No prepayment penalties either.
Loans must be backed by Fannie Mae or Freddie Mac.

Homeowners Who are Not Eligible

Homeowners whose home values declined severely under 5%.

Homeowners with Jumbo mortgages, which exceed $417,000 are not eligible.

Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is when you simply sign over the deed to the lender, walk away not owing any money and hand the keys over.

Short Sale

In a short sale, you must obtain your lender’s approval prior to selling your home. The lender writes off the remaining loan balance. Be sure to negotiate that the lender cannot go after you for a deficiency judgment. Some states allow the lender to sue the borrower for a deficiency judgment after the sale closes. A deficiency judgment is the difference between what you owe your lender on your mortgage and the sale proceeds. Short sales take about 60-90 days or longer to get approval. It is a great way to get your home sold to avoid a foreclosure on your credit if you have no equity in your home and can’t afford your house payment.

Sell Your Home

Selling your home is an option if you have equity.

Reinstatement

The lender reinstates your loan when you pay all amounts that are in arrears including any fees and costs.

Bankruptcy

Bankruptcy has serious consequences and should be used as a last option to save your home from foreclosure. It is recommended that you consult with a bankruptcy attorney. You may be able to file either a Chapter 13 or Chapter 7. The court automatically issues an order for relief staying or stopping your creditors from any collection activities. This includes postponing any foreclosure sale during the bankruptcy proceedings.

It is important to under the different bankruptcy laws. Chapter 7 wipes out all your debts. In a Chapter 13, you can keep your home, and you agree to pay your creditors via a payment plan.

Don’t despair if you are facing foreclosure, you do have options to save your home. Time is of the essence so act early on before matters get worse. HomeBackers is the leading Real Estate Company in the Greater Dayton Ohio Area and are available to assist you. Our telephone number is 937-754-1111, and our website address is http://www.HomeBackers.com.

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Filed Under: foreclosure Tagged With: bankruptcy, deed in lieu, help stop foreclosure, loan modification, refinancing, sell home, short sale, stop foreclosure options, stop home foreclosure, ways to stop foreclosure

What to do in a Multiple Offer Situation

October 4, 2010 By Homebackers

Something that is very rarely discussed when buying a house is what do you do if there are multiple offers on the house you wrote a purchase offer on? So say your been looking at houses for weeks with your REALTOR and you find a home that has been on the market for a few months with no offers on it yet. You go look at the home and fall in love with it and decide to write a offer on your soon to be dream home. You whip out your checkbook and write your earnest money deposit and then write up your initial offer to purchase. Your REALTOR then submits everything to the sellers real estate agent later that night. You go back home and fall asleep dreaming about the new house that you’re getting ready to buy. You then get a call the next day from your agent and find out that someone else has written an offer on that house the same day that you did. Frustrating huh?
Now it is very standard that the seller will ask for your highest and best offer. The reason they will do so is because they want to get the most they possibly can out of their house and they also want an offer that will get to the closing table. Here is a couple tips that will make your offer stand out from all the other offers….
- Submit a large earnest money deposit
This will let the sellers know that you’re serious about buying the house. They figure the larger the deposit the more likely you are to go through with the sale. The earnest money is part of your down payment. By increasing it you are also increasing your chances of getting your offer accepted by the seller. Remember in a multiple offer situation you will only have one chance to make your final offer and it better be a strong one.

- Show the Sellers that your Qualified
You should always send the pre approval letter that your lender gave to you to the seller showing that you have been pre approved to buy a house. This will show the seller that you’re ready to get your loan and have already started the buying process. Being preapproved makes you a stronger buyer in the seller’s eyes.

- Give the Sellers time to Move
Unless the house is vacant you can also give the homeowner additional days to move. Cut them some slack and give them a few days after closing to be completely out of the house. Moving is very stressful and if you allow them some extra time, that could be a huge bonus to the seller to accept your offer rather than someone else’s.

-Write your best offer
Don’t hope for negotiation with the seller at this point. They are most likely going to take the highest and best offer that is on the table. Make it attractive, maybe even a bit above list price. Make sure though that you ask your REALTOR for all the SOLD comparables to make sure that your not over paying for the house. Always remember that a seller could of priced the home below fair market price, so just don’t think that if you offer more than the asking price, that you’ll be over paying for the house. Again look at the comparables to see where your offer will stand if you go up on it.
- Play nice
Don’t ask the seller to pay any of your closing costs. Find out from your REALTOR what is standard for the seller to pay at closing and maybe put in the contract that you will pay those fees for the seller. It could be something like a title policy fee, escrow fee or a transfer fee. Anything you can do to beef up the offer to the seller is a plus.
Those are some good tips to use if you’re in a multiple offer situations. If you’re looking to buy a house anywhere in the Greater Dayton Ohio Area; HomeBackers has highly trained Real Estate Agents that can assist you with all your home buying needs. We have dealt with every Real Estate issue that you could imagine and have extreme knowledge of the Real Estate Market all over the Greater Dayton Ohio Area. You can contact us at 937-754-1111 or go to our website at www.HomeBackers.com

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Filed Under: Education Tagged With: buying a house, buying a house checklist, buying first home, first time home buyer, first time home buyers, multiple offers on house, steps to buying a house

Dayton Ohio Homes SOLD September 2010

October 1, 2010 By Homebackers

Here are you overall stats for all the homes that were SOLD in The Greater Dayton Ohio Area for September 2010. Below you will see 3 different graphs of the differences per county. The Graph #1 will show all the Single Family homes that SOLD for a total in all 4 Counties. Graph #2 Will show all of the homes that were Bank Owned and SOLD in the month of September 2010 in all 4 Counties Graph #3 will show all the Homes that SOLD in the month of September 2010 in all 4 Counties that were a Short Sale. It’s always neat to be able to see these stats in a graph to compare on the amount of homes that were sold in each county in the Greater Dayton Ohio Area.

Graph #1

Graph #2

Graph #3

HomeBackers is looking forward to bringing you more stats and info about what’s going on in the Greater Dayton Area in the Real Estate Market and if you need any assisting buying or selling a house you can contact HomeBackers at 937-754-1111

Filed Under: Market Report Tagged With: dayton ohio homes for sale, dayton ohio homes sold, Dayton Ohio Realtors, homebackers, property market, property sales, real estate stats

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