Posted by Paul Sian on Thursday, January 14, 2021 at 12:00 PMBy Paul Sian / January 14, 2021Comment
Podcast: VA Mortgages
For this podcast I sat down with Trey Budke, mortgage loan officer with USA Mortgage where we discussed the VA mortgage and all the benefit it offers to active duty and veteran miltary service memebers. Learn about VA mortgage credit requirements, down payment requirements and more.
Posted by Paul Sian on Thursday, January 7, 2021 at 7:00 AMBy Paul Sian / January 7, 2021Comment
Tips For Finding The Right Self Storage Options
There are many different brands of self-storage companies with each offering different types of options with how and where someone can store their belongings. Whether one is temporarily downsizing prior to a move to a new home, or moving location wise and need to store some of their belongings, self-storage is quite helpful and can sometimes the storage unit can even move with you. This article looks at the different self-storage options and what should be taking into account when looking for self-storage options.
What Types Of Self-Storage Options Are Available
Depending on the need there are a couple of different types of self-storage options available. The most common type of self-storage is unit without climate control. Most of the time the individual unit is secured by a keyed or combination lock that keeps the unit itself secure and there will be an entry security gate through which self-storage unit customers will need to access via security code. These units also generally are the cheapest available option for self-storage and work well where the items to be stored are not temperature sensitive.
In self-storage facilities that provide climate control the storage space is kept within a set temperature and humidity range. Generally these types of storage units are found indoors although there are some that offer climate controlled outdoor storage units as well. As many know moisture in a home can cause issues with mold, wood rot, rust and more. Climate controlled storage facilities...
Posted by Paul Sian on Thursday, December 17, 2020 at 7:00 AMBy Paul Sian / December 17, 2020Comment
What Should A Homeowner Do With Mortgage Forbearance
During this pandemic that started in 2020 many homeowners found themselves out of a job due to local economy shutdowns meant to slow the curve. Through government action homeowners with certain types of home loans were allowed to defer paying their mortgage due to impacts from COVID shutdowns. For those who were impacted economically by job loss or reduction in pay and have their mortgage payments in deferral may be wondering what actions they should take once the deferral of payments come to an end. This article explores what homeowners should be considering about their current home situation and their deferral of mortgage payments.
What Did The Deferrals Allow?
People had to prioritize their spending due to either being temporarily or permanently out of work because of the the virus related shutdowns. Mortgage payments along with the corresponding insurance and property tax payment account for a large part of many homeowners monthly spending. Some homeowners were faced with not spending on food or medicine or not paying their mortgage and facing possible foreclosure and years of a wrecked credit report. Through the CARES Act the government postponed lender foreclosures until December 31, 2020 and also gave homeowners the ability to ask for forbearance of their mortgage payment if they were experiencing financial hardship caused by the pandemic. The CARES Act applies to mortgages sponsored by government...
Posted by Paul Sian on Tuesday, December 1, 2020 at 7:00 AMBy Paul Sian / December 1, 2020Comment
Local Greater Cincinnati Charities To Know About For #GivingTuesday
After Thanksgiving comes Black Friday, Small Business Saturday and then Cyber Monday. Black Friday, Small Business Saturday and Cyber Monday are all about buying something at a discount or buying local in anticipation of the upcoming holidays of Christmas, Hanukah, Kwanza, Festivus and more. Another day for consideration is #GivingTuesday. With #GivingTuesday the idea is to contribute some money to a charity of your choosing so those who are in need can benefit as well from the holiday season. Being a personal fan of local charities I have compiled a number of local charities in this article. These charities operate in both the Greater Cincinnati, Ohio area and Northern Kentucky areas. Take a look at the great things these local charities are doing and consider donating to them or becoming a volunteer.
La Soupe located at 4150 Round Bottom Road Cincinnati, OH 45244 and helps people get nutritious meals. Founded in 2014 by Chef Suzy DeYoung the goal of La Soupe is to repurpose excess food (that would otherwise be thrown out) to create tasty and nutritious soups and meals for those in need. Currently La Soupe rescues approximately 5000 pounds of food per week and with that is able to feed 2000 children in and around the Cincinnati area. La Soupe recently sent 23,000 pounds of food to assist with hurricane recovery efforts in Houston, Texas.
Not only does La Soupe give soup to those in need they also sell their soups to anyone wanting to buy their delicious soups. ...
Posted by Paul Sian on Thursday, November 19, 2020 at 2:00 PMBy Paul Sian / November 19, 20203 Comments
How To Prevent Hackers From Hacking Your Home
With many home appliances having internet connected features to make them “smart”, the risk of some hacker taking over those smart devices in the home increases. In many cases hackers take over important functions of business or government computer systems and demand payment in exchange for releasing those systems back into the owner’s control. It is not hard to envision something similar happening more frequently to homeowners who increasingly are relying on smart features in their home devices. This article provides tips for homeowners to secure their home thereby making it less likely they fall victim to a hacker.
Start With The Basics
Physical security is not just for keeping the inside of a home safe, physical security can also help keep a home’s network safe. Peeping Toms are not all out there looking to get an eyeful of someone, sometimes they are looking to see if they can spot credit card numbers, network passwords, social security numbers sitting out in the open. No breaking and entering needed. If someone can get see the network password, credit card numbers, bank account numbers or other sensitive information it is not hard to steal from that person at that point. Homeowners should not be leaving that information out in the open. That means no network passwords on sticky notes out in the open where anyone walking by can see it.
With a network password a criminal can gain access...
Posted by Paul Sian on Thursday, November 12, 2020 at 1:00 PMBy Paul Sian / November 12, 2020Comment
The median price of luxury homes sold in the Greater Cincinnati real estate market trended down from September 2020. Home sales increased but overall inventory decreased. There are a number of market factors that look to impact luxury home sales going into the future. Increased demand for work from home and more desire for homes away from downtown areas are changing the current demand metric. Whether that holds over the long term remains to be seen.
Posted by Paul Sian on Thursday, October 29, 2020 at 4:00 PMBy Paul Sian / October 29, 2020Comment
How To Write An Offer To Buy A Home
This article looks at how home buyers and/or their real estate agents should be filling out the Contract to Purchase a home document. Even though this focuses on the contract adopted by the Cincinnati and Dayton Area Boards of Realtors a lot of the terms are common to many contracts used to buy a home around the US. As with anything that is outside one’s area of expertise it is highly recommended that one consult with a local real estate agent or real estate attorney to make sure the contract they are using is filled out correctly and in accordance with local requirements.
Location and Money
Probably the two most important areas of the contract include the specific location of the property and the price being offered. Sometimes an address is not enough especially if the real estate being sold includes more than one parcel in the sale. So while an address is highly recommended, additional information like parcel identification number (PID), property description, or some other type of identification used by the local governing agency would be important to include in the contract to purchase.
How much is being offered is also important and the sellers will be paying close attention to that number. When using computer-based forms one only need enter in digits the amount being offered and the computer will write out the purchase price in words so as to limit confusion. $300,000.00 with a decimal point or comma in the wrong place can lead to some confusing numbers being thrown around. The written words three hundred thousand dollars with “$300,000.00” typed out means less confusion as to the offer price. Along...
Posted by Paul Sian on Thursday, October 8, 2020 at 7:00 AMBy Paul Sian / October 8, 2020Comment
The median price of luxury homes in the September 2020 Greater Cincinnati luxury real estate market ticked up a small amount from August 2020. The total amount of homes sold went down and average days on market went down ever so slightly. The total amount of homes did see a reduction as well as homes got sold fewer homeowners decided to go on the market as well. As the weather gets colder expect homes available for sale to slow down as well.
Posted by Paul Sian on Thursday, September 24, 2020 at 7:00 AMBy Paul Sian / September 24, 2020Comment
For this podcast I sat down with Greg Matulionis, Master Carpenter and owner of Sawdust Therapy. During our conversation we discussed home remodeling, new construction, permits for home remodeling and more. This podcast is helpful for those about to purchase, or sell real estate or those considering remodeling their home rather than selling. I hope you enjoy the podcast and find it informative. Please also share with those who may find it useful.
Listen via YouTube:
Feel free to ask any questions via the comments section below or to email either Greg or myself. Also if you have any ideas for future podcast topics you would like to see let me know!
Posted by Paul Sian on Thursday, September 17, 2020 at 12:00 PMBy Paul Sian / September 17, 20202 Comments
Podcast: First Time Home Buyer
For this podcast I sat down with Walt Wollet, mortgage loan officer with Pacific Residential where we discussed his experience as a first time home buyer. Learn about the home buying process from the perspective of a mortgage lender and how handled the process and what things he might have changed to make it even better.
Posted by Paul Sian on Thursday, September 10, 2020 at 5:00 PMBy Paul Sian / September 10, 2020Comment
6 Pitfalls For Fix and Flip Investors
Buying a home in poor condition to fix up and sell for a profit is a real estate investment strategy that is popular with many. With home prices going up due to high demand and low inventory many investors are able to quickly fix up a home, turn around and sell it pocketing a nice profit which can be repeated again. There are pitfalls that new and seasoned fix and flip investors fall into that can quickly eat up any potential profits and turn it into a loser as this article explores.
Getting the repair estimate correct is important before one makes an offer to buy a home in need of repair. Hidden things like mold, water damage, foundation issues and more are quite costly to repair. By ignoring or glancing over those repairs when considering the offering price and the after repair value (ARV) the investor can be left with a loss when it comes time to sell the home. It can be helpful to allow a home inspector to walk through the home and do a full inspection if the buyer does not have the experience to spot all issues.
If the buyer does spot issues it can be important to bring in professional contractors to give proper estimates on the repair work needed so an offer for the home can be prepared. In hot markets many investors are competing against each other which means the luxury of bringing in a few contractors for different bids may not be possible. Instead the buyer should be relying on one contractor who has shown they know what they are doing and ask them to provide an estimate as soon as possible. If that contractor has done work for the buyer in the past they are more likely to get a quote out to them quick so the buyer is able to make...
Posted by Paul Sian on Thursday, September 3, 2020 at 5:00 PMBy Paul Sian / September 3, 2020Comment
August 2020 Greater Cincinnati Luxury Real Estate Market Report
The amount of luxury homes that sold and the amount of luxury homes available for sale increased from July 2020. As homeowners feel more comfortable in this new pandemic world and real estate agents are making sure virus guidelines are adhered to both buyers and sellers grew. While the fall is a second rush of home buying and selling it remains to be seen if this pattern continues for this year since the trends have been shifted due to the virus shutdowns.
Posted by Paul Sian on Thursday, August 27, 2020 at 2:00 PMBy Paul Sian / August 27, 20202 Comments
Where Should A Home Be Listed For Sale?
When putting a home on the market for sale one of the important aspects is to make sure it gets widespread attention on the internet and that it be accessible to home buyers who are looking in the area to make a purchase. The best way to do this is to have the home listed with a local qualified real estate agent who will list it within their local Multiple Listing Service (MLS). The MLS then shares that listing with many other websites (Realtor.com, Zillow, Trulia, and others) that list homes for sale. The key aspect to pay attention to is that the real estate agent is local to the property and is a member of the local MLS. This article looks at how home sales can face setbacks when they are not listed in the proper MLS.
Why The Local MLS Matters
When talking about the local MLS what that is referring to is the MLS associated with the area where the property is located in. A listing in Cincinnati, Ohio should be listed in the Cincinnati MLS as that is where Cincinnati real estate agents are also working to help their buyers and sellers. Listing a Cincinnati property in the California MLS makes little sense at all. While the property will appear in national websites that get MLS listings from all over the US they will not be shown in local websites that have only the local MLS feed.
The example of a home located in Cincinnati being listed only in the California MLS is an extreme example and unlikely to happen. What sometimes does happen though is that agents in the MLS the next region over are listing homes in their MLS rather than the local MLS since they don’t want to pay extra for the local MLS dues. The main problem with this is the local...
Posted by Paul Sian on Thursday, August 13, 2020 at 9:30 AMBy Paul Sian / August 13, 2020Comment
July 2020 Greater Cincinnati Luxury Real Estate Market Report
The median luxury home price ticked up slightly in July 2020 compared to June 2020 and along with that time on market reduced as well as the number of homes sold increased. Total luxury homes for sale remained about the same compared to last month. With increased opening of the economy and more buyers feeling comfortable going out and seeing homes total luxury home sold also increased in the Greater Cincinnati area.
About the author: The above article “July 2020 Greater Cincinnati Luxury Real Estate Market Report” was provided by Luxury Real Estate Specialist Paul Sian. Paul can be reached at paul@CinciNKYRealEstate.com or by phone at 513-560-8002. If you’re thinking of selling or buying your investment or commercial business property I would love to share my marketing knowledge and expertise to help you. Contact me today!
I work in the following Greater Cincinnati, OH and Northern KY areas: Alexandria, Amberly, Amelia, Anderson Township, Cincinnati, Batavia, Blue Ash, Covington, Edgewood, Florence, Fort Mitchell, Fort Thomas, Hebron, ...
Posted by Paul Sian on Thursday, August 6, 2020 at 4:15 PMBy Paul Sian / August 6, 2020Comment
What To Know About A Home’s Roof
The roof is an important part of the home that help keeps the bad weather out of the home and helps retain heat in the cold months and retain cooler air during the hot months. There are a number of components that make up the roof. Keeping all parts of the roof in good working order and properly maintained will help with keeping the house standing and healthy for a long time to come. This article looks at the importance of routine roof maintenance homeowners should be doing and how to determine if a roof needs replacement.
How Is A Roof Assembled?
A home’s roof consists of a few different components. Shingles on top of felt underlayment on top of roof decking. The felt underlayment helps with keeping water from getting into the attic. Other components of the roof system include the gutters, flashing installed to keep water from leaking into openings of the roof (like the chimney, vent pipes, sky lights and more). While part of the roof, the gutters are mainly designed to channel water away from the base of the home in order to protect the foundation.
A majority of roof shingles are made out of asphalt that kind of look like very rough sand paper. Other types of roof shingles include slate tiles, clay tiles, metal, ceramic, plastic and more. Asphalt shingles are the most commonly installed shingles due to cost and ease of installation. For longevity metal, ceramic and clay tile shingles usually last longer than asphalt but also cost a bit more. Some companies have created ...
Posted by Paul Sian on Thursday, July 30, 2020 at 12:00 PMBy Paul Sian / July 30, 2020Comment
Where To Get Great Ice Cream In Cincinnati?
Cincinnati summers can get quite hot and humid and what better way to beat the heat than with a nice cool treat. Whether your craving is for a hot fudge sundae or just a scoop of your favorite ice cream flavor Cincinnati and Northern Kentucky have some unique places for you to try. Check out some of the places on the list below and let us know what you think is your favorite local Cincinnati ice cream place.
Graeter's Ice Cream
Graeter's Ice Cream got it's start in 1870! That's a long time to be making ice cream, but you know they have perfected their craft by being around that long. Known around the U.S. due to their flavor Graeter's has been noted in magazines such as Forbes, Vanity Fair, Saveur and more.
Posted by Paul Sian on Thursday, July 23, 2020 at 1:06 PMBy Paul Sian / July 23, 2020Comment
Indian Hill, Ohio was named one of the best places to raise a family by the Robb Report. Just as with many other markets inventory is low which means fewer homes available for purchase. Fewer homes with plenty of qualified buyers lends support to current pricing levels. Existing home sales are down from last year though, but with the lack of homes to sell would that be the same case with the enough homes to meet demand?
About the author: The above article “Indian Hill, Ohio June 2020 Real Estate Market Report” was provided by Luxury Real Estate Specialist Paul Sian. Paul can be reached at paul@CinciNKYRealEstate.com or by phone at 513-560-8002. If you’re thinking of selling or buying your investment or commercial business property I would love to share my marketing knowledge and expertise to help you. Contact me today!
I work in the following Greater Cincinnati, OH and Northern KY areas: Alexandria, Amberly, Amelia, ...
Posted by Paul Sian on Thursday, July 16, 2020 at 7:00 AMBy Paul Sian / July 16, 2020Comment
Tips For Renting Your Home
Whether you are looking to convert your home into a rental investment property or need to move and are unable to currently sell your home, converting it into a rental property is an option. Contrary to what may be shown on television getting a home ready for rental and finding good tenants is not as easy as it appears. This article explores what steps homeowners should be taking in order to rent out their home.
Determine If The Home Can Be Rented Profitably
Renting a home and not making any money on it, or worse losing money on it is not a great investment strategy. While the homeowner may be forced to move due to a job or family situation, renting out a house where one has to pay money out of pocket to cover the mortgage and taxes does not make any financial sense. Part of the reason for renting out real estate is so the owner can have a positive cash flow, some of which should be saved to account for repair and maintenance expenses associated with the home. If the HVAC goes out the repair/replacement expense can be pretty. If there is a water leak the repair of the leak and repair of the damage associated with the leak can be high as well.
Thinking that long term appreciation will make up for the current lack of cash flow is also a faulty strategy to could end up costing the owner. Appreciation is never guaranteed in real estate as depending on the economy and migration one may find themselves with a depreciating asset. If a large employer decides to relocate or the desirability of an area decreases real estate prices as a whole in that area can go down.
Posted by Paul Sian on Thursday, July 9, 2020 at 7:00 AMBy Paul Sian / July 9, 20202 Comments
Tips For Selling A Home During A Pandemic
Due to the COVID-19 virus selling a home during a pandemic while a little more challenging is still possible. Homeowners need to protect their own health and the health of buyers while having showings. Some homeowners are using virtual showing technologies, many markets are restricting showings to no more than one buyer group at a time and shorter overall showings. Things like providing sanitizer, masks, gloves and more are more common in homes that are on the market and allowing in person showings. This article explores what home sellers need to be doing to ensure a successful home sale during the COVID-19 pandemic.
The Common Home Selling Advice
This advice bears repeating since it is important for home sellers to have their home put its best foot forward when it comes to getting buyer attention. Anything less can result in a home sitting with little attention from buyers and needing steep price cuts in order to get sold. Regardless of the current state of the economy there will always be a need for people to buy and sell homes. With internet access available at the touch of a few screens on a smart phone, buyers are savvier than ever when it comes to knowing about the price in relation to the value of a home.