Not all Dayton Ohio Real Estate Buyers want a Foreclosure

Real Estate research is in…

Trulia.com recently released s survey showing that most Americans are uncomfortable with the idea of buying a foreclosed house. Research showed that:

• About half of the home buyers would consider buying a foreclosure home.
• Of those 2/3 of them conceded that there were “negative aspects” related in a foreclosure purchase.
• Concerns of Dayton Ohio real estate home buyers could include: hidden costs, possibility the value with decline and others.

What else could this survey tell us about Dayton Ohio real estate home buyers? 

• Men are more likely to buy a foreclosure than women (57% vs. 51%)
• Young buyers (18-34) looking at Dayton Ohio homes for sale are more likely to buy a foreclosure home than older adults 55 and older (69% vs. 32%)
• 20% of the home buyers surveyed said that having a personal connection to the previous home owners of the foreclosure home would be a negative aspect.

Foreclosure vs. Short Sale… pros/cons?

So if you are searching for Dayton Ohio homes for sale and may want to consider a foreclosure home you should consider a short sale.  Short sales are also know as pre foreclosure homes.  That is exactly what they are… pre foreclosure.  When you buy Dayton Ohio real estate that is a short sale you get the home BEFORE the bank.  You get a deal and the home owner avoids foreclosure.  You also avoid many of the bad points to buying a foreclosure stated above. 

Think you may want to search Dayton homes for sale looking for a short sale?  If so, you need a Dayton Ohio real estate EXPERT that really understands short sales.  There are many unusual steps in the process of buying a short sale.  Not all Dayton Ohio real estate transactions are the same that is for sure… and short sales are certainly one of the exceptions.

Contact us now if you have questions on the process or also check out Dayton Ohio real estate short sale experts

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

Must have Info for Trails of Saddle Creek

About the new Dayton Ohio Real Estate Community

• Washington Township location
• Centerville School System
• 277 home sites
• Over 30 acres of green space and lakes
• Community center with open air clubhouse, pool, kiddie pool and more.
• Hiker/Biker trails connect neighborhoods.
• Outstanding landscaping, tree lined streets, themed by neighborhood section, vintage lighting for streets

Want more spceific neighborhood info or just have questions?

Who are the builders for Trails of Saddle Creek?

• R.A. Rhoads Custom Homes
  
• Zicka Walker Homes
• M.J. Coates Homes
• Traditional Custom Home Builders
• Tera Builders
• Homes by Bill Simms
• Tom Peebles Builders
• Dungan-Dunnington Custom Home

Want more info on area home builders?  Feel free to contact us and we will be happy to discuss building a new home and go over the builder options and the whole process with you.  At no cost to you at all…  Also consider visiting http://www.newhomesofdayton.com/ for the Dayton area home builders association.

Trails of Saddle Creek Neighborhoods/Sections

• The Ridings: Manor Homes priced from $750,000 to $2,000,000
• The Trails:  Estate Homes priced from $500,000 to $800,000
• The Paddocks:  Club homes priced from $500,000 to $800,000
• The Carriages:  Villa Homes priced from $350,000 to $600,000

General Dayton Ohio Real Estate Needs?

I really love the Trails of Saddle Creek for it’s beautiful home sites, quality builders, great location and more.  But, I know it is not right for everyone or you may just want to get general information on Centerville Homes for sale, Washington Twp / Centerville Ohio real estate, School info, anything…  We have an extensive relocation package that we are happy to offer home buyers looking to move into the Greater Dayton Ohio Real Estate market.  We can offer the items listed below, as well as, just about anyting you could want or need.  We are here as your personal Dayton Ohio Real Estate Consigier.

• Centerville Ohio School reports, or any Dayton area school system.
• Centerville Ohio real estate / community information.
• Ability to compare area communities.
• Specific neighborhood “snapshots” with market trends, pricing, etc.
• Area maps.
• Builder information.
• New construction community information.
• Customizable home search tools that YOU can control.  Start your Dayton Ohio Real Estate home search now…
• Crime statistics.
• Economic, education and other demographic information.

This is just a sample of some of the free information we are happy to provide to you as not cost or obligation.  We know from experience that once home buyers begin working with the Mark Ryan Group… they simply LOVE us.  We are here to by your Dayton Ohio Real Estate Experts.

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

When you buy Dayton Ohio Homes for Sale, What stays?

I often get question on Dayton Ohio real estate related topics and from time to time I like to answer them here.  This helps buyers of Dayton Ohio homes for sale or owners attempting to sell Dayton Ohio real estate advice. 

So, what is a Dayton Ohio Real Estate FIXTURE… that is the question.

• We had a purchase agreement signed on a home and later found out that the basketball goal on the driveway was not included as it was not listed. I had assumed that since the basketball post was bolted to the base plate and foundation, there was no question about it not being a part of the house. What is the answer?

So, lets set the stage here..

So, which of these to basketball hoops stay with the Dayton OH homes for sale?  Answer… the one on the left does NOT stay and the one on the right does.  Maybe NOT exactly for the reason you think… The one on the left goes because it is portable, unless the real estate contract says it stays.  The one on the right stays since it is attached to the ground….  Why else??? 

Well you see if something basically becomes a part of the Dayton Ohio  real estate it is a fixture and stays.  Check out the photo… notice that the ground has been turned into a basketball court and would not make any since without the hoop… so even if you had the portable hoop from the left there it would be a Fixture.  So when you are shopping Dayton Ohio homes for sale keep this in mind.

Here can be one rule of thumb…

If is is nailed down it stays… So DON’T do this…  :-)

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, New Law Update

What does it all mean???

For those that don’t know there was a new law passed on July 30th that will impact homes for sale in Dayton Ohio and how home buyers shop for and purchase Dayton Ohio Real Estate for sale. 

Summary of provisions for Dayton OH Real Estate:

1. Reform of GSE’s
   
   1. That’s Freddie Mac and Fannie Mae that you may have heard of…
2. FHA Reform
3. Home buyer Tax Credit
4. FHA Foreclosure Rescue (Dayton Ohio real estate can sure use this) more Foreclosure help
   
5. Seller funded down payment assistance programs
   1. Hint… they are taking these away and Dayton OH real estate did not need that…
6. VA loan limits
7. Risk based pricing for mortgage loans
8. GSE Stabilization
9. Mortgage revenue bond authority
   1. to help refinance subprime mortgages
   2. This is again something that Dayton OH real estate can use.
10. National affordable housing trust fund
11. CDBG Funding
    1. Funding to help revitalize communities by purchasing foreclosed homes
12. LIHTC (low income housing tax credit)
13. Loan originator requirements
    1. Dayton Ohio and Ohio in general already had strong licensing requirements for loan officers

KEY points for Dayton Ohio Real Estate:

1. FHA reform…
   • Looking for Dayton homes for sale and want to know how much you can get a mortgage loan for?  Well it depends on which greater Dayton Ohio Real Estate area you are looking to buy a home in.
     • Montgomery county - $271,050 max mortgage loan amt.
     • Warren county - $270,000 max mortgage loan amt.
       
     • Greene county - $271,050 max mortgage loan amt.
     • Miami county - $271,050 max mortgage loan amt.
     • Want to know limits for areas other then Dayton Ohio real estate?  Click Here  Mortgage loan limits
2. Home buyer tax credit…
   • This can be a huge benefit to Dayton Ohio real estate buyers.
     
   • As long as you are a Dayton OH real estate buyer you qualify (there are income restrictions…)
   • When you buy, on your next tax return you will GET up to a $7500 credit… that means even if you would not pay taxes or would be getting a refund… you still can get $7500 just for buying a Dayton Ohio homes for sale…
   • There are more details but this gives you the idea…
3. Seller funded down payment assistance programs
   • This one really hurts Dayton OH real estate. 
     
   • If you have  Dayton Ohio homes for sale this is going to take Dayton home buyers out of the market as they will not have the downpayment needed to buy your home.
   • If you are looking for  Dayton OH homes for sale you have until October 1st to find the right Dayton OH homes for sale and buy it…
4. Risk based pricing
   • This will put a delay on FHA using risk based pricing from Oct. 2008 to Sept. 2009
   • This could be good for Dayton OH home buyers with bad or not so great credit
   • This really makes no since as this whole law is to help dig us out of the sub prime mortgage troubles and the days of too easy credit… so now the government is just making the same bad decisions???

There is just a lot to learn about this and I would suggest you discuss all the many points and how they impact Dayton Ohio real estate and your ability to sell or buy Dayton Ohio homes for sale.  If you would like to search Dayton Homes for sale you can click the link at the top of the page… or if you want to get an idea what you Dayton OH real estate may sell for then click What is my Dayton OH home worth here or at the top of the page.

Overall I think you will find that this new law is good for Dayton OH real estate and the ability to sell Dayton Ohio homes for sale.

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