Can you to save almost $45,000 on your next home?

Would you be surprised to learn that one of my clients DID JUST THAT... we were able to negotiate for them a price $44,780 below the new build spec sheet cost for their brand new home!  Best deal in Dayton Ohio real estate... not sure but it was sure a great one!  These were wonderful clients being PCS to Wright Patterson Air Force Base and wanted to live close.  They are very close to Wright Patterson Air Force Base AND got a fantastic deal on their first home.  If you or someone you know is thinking of buying a home in the Dayton Ohio area or moving to Wright Patterson Air Force base they need to call and let us help them as well.

Building a new home in the Dayton Ohio real estate market?

Searching for a Dayton Ohio home for sale?  Thinking about building in the Dayton Ohio real estate market?  Custom builder or production builder?  There are so many choices... Have you heard the news about Beazer homes? 

Beazer homes has been building homes in the Dayton Ohio real estate market for years but will be exiting the Dayton Ohio market as well as several others in a cost cutting move.  If you are searching for homes in Dayton Ohio or by Wright Patterson Air Force base and were thinking of building a new home you need to at least consider Beazer homes.  While Beazer homes will not be starting any new construction, they will complete the construction of homes already under construction, as well as, sell any existing "market homes".  You can search homes for sale in Dayton Ohio that are Beazer homes market homes HERE. 

While Beazer homes may be leaving the Dayton Ohio real estate market they will continue operations and will support the existing homes in and around the Dayton Ohio real estate market.  Beazer homes will support warranty issues out of the Cincinnati area offices through June of 2009 and will then support any warranty issues after that out of their Indianapolis, IN offices. 

While you can get great deals on new Beazer homes there will be no accepted offers with contingencies.  So if you have a home to sell or other issues preventing a non contingent offer we will have to help you find other homes that are a great value.

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As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

How a Short Sale can save Dayton Ohio Real Estate Buyers Thousands of Dollars when they buy a home!

That’s right… you can save thousands of dollars on Dayton Ohio real estate.  Most buyers have heard of buying bank owned homes, REO’s, foreclosures, HUD or VA homes, etc…  Those homes can be a great value.  They can also be a complete nightmare… You see, when people are forced to leave their homes under pressure, sometimes they damage the home.  Many of the homes in the Dayton Ohio real estate market have damage caused by the old home owners, both by neglect AND intentionally…

Notice anything missing from this home??? 

I have seen much worse than this…

Short Sale / Pre Foreclosure  VS.  Bank Owned… what’s the better deal?

Well, I guess that depends on HOW good a deal you want… AND, what exactly do you think is a GOOD deal?  We need to consider a few questions…

    Do you want a good VALUE or just the lowest price?

    Do you want to do a LOT of work?

    Or, do you want to be able to just move in?

    Maybe do some minor repairs?

    How long are you willing to wait to get an answer on your offer?

    Can you wait a few month to “get your deal“?

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As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

How to save your Dayton Ohio Real Estate from foreclosure and what is a Short Sale?

Is your Dayton Ohio real estate in jeopardy?

• Are you behind on your bills?
• Are your mortgage payments behind?
• Did your interest rate just jump way up...or is about to?
• Did you or your spouse just loose their job?
• Facing a divorce?
• Death in the family?
• Serious illness?

These and other life altering events can have a major impact on your ability to stay current with your mortgage.  If you fall behind on your mortgage payments your are at risk of loosing the real estate you own.  In the Dayton Ohio real estate market there are a huge number of homeowners facing foreclosure, many more then most parts of the country.  Don't be another Dayton Ohio real estate statistic.

What is a Short Sale???

While actually completing a short sale can be a difficult process for the untrained person the actual definition of a short sale is easy...  If you were to short sale your Dayton Ohio real estate you are selling your home for less then what is owed to the bank.  The bank must approve the short sale and agree to take less then the full amount owed as part of the "steps to a short sale" listed below.

Steps to a Short Sale:

1. Realize you are in trouble and that your Dayton Ohio real estate is in jeopardy.
2. Take action...  Don't bury your head in the sand and hope the problem goes away...
3. Investigate your options
   1. Call your bank and ask what they can do to help.
   2. Is it short term?  Borrow the money to stay current.
   3. Find a professional Realtor in the Dayton Ohio real estate market to help.
   4. Interview your potential agent to ensure they are an EXPERT at Short Sales!
   5. Assemble the documents typically needed to complete a short sale.
      1. A listing agreement.
      2. Your authorization to share info with you short sale agent.
      3. A detailed summary of your financial position.
      4. A hardship letter to the bank.
      5. Supporting hardship information.
      6. Bank information.
      7. The last two pay-stubs for everyone on the loan.
      8. The last two most recent bank statements.
      9. Usually some more information depending on your situation, your Short Sale Expert will be able to help you with that.
   6. List your home for sale with a Short Sale Expert.
      1. I can not stress how important it is to have an expert handle the marketing and negotiation on a short sale of your Dayton Ohio real estate. 
         
   7. Take any calls from you mortgage lender, you need to show you are working WITH them.  They do not HAVE to do a short sale for you...
   8. Maintain your home as best you can and allow all reasonable showing of your property.

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As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com

Dayton Ohio Real Estate Market Update for January 2008, total market overview.

What information on Dayton Ohio real estate is here?

This report is for residential single family homes in the greater Dayton Ohio area.  You will learn what is actively being marketed for sale, what actually sold last month, home many homes failed to sell, the number of homes that negotiated contracts but have not closed yet, average and median prices, days on market and more… This is truly a total market for the Dayton Ohio Real Estate Market.

January 2008 market activity

1. Total homes for sale in the greater Dayton Ohio Real Estate market = 9087
2. Homes that failed to sell in the greater Dayton Ohio Real Estate Market = 1269
3. Homes pending sale in the greater Dayton Ohio Real Estate Market = 445
4. Homes that SOLD in the greater Dayton Ohio Real Estate Market = 640
5. Average list price of all homes sold in the greater Dayton Ohio Real Estate Market = $121,758
6. Average selling price of all homes SOLD in the greater Dayton Ohio Real Estate Market = $115,987
7. Median selling price of all homes SOLD in the greater Dayton Ohio Real Estate Market = $95,000
   
8. Average % of asking price for all homes SOLD = 95.26%
9. Average days on the market for all homes SOLD = 122

What does all this mean???

Well if you are thinking of selling a home in the Dayton Ohio area, in general, you can expect for it to take approximately 122 to sell and that it will sell for only 95.26% of your asking price.  You also find that there is a supply of over 14 months worth of homes for sale in the Dayton Ohio real estate market.  You find that number by looking at the number of homes actively for sale and dividing that by the number of homes that sold last month… that give you over 14 months supply.

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As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com