Posted by Paul Sian on Thursday, April 15, 2021 at 7:00 AMBy Paul Sian / April 15, 2021Comment
What Is Deed In Lieu Of Foreclosure?
Deed in lieu of foreclosure is a term used by mortgage lenders to mean the homeowner gives up their ownership of the home to the lender in order to avoid a foreclosure action against them. There may be any number of reasons why a homeowner wants to give up ownership of their home and a foreclosure is a huge negative mark on one’s credit score. For the mortgage lender a foreclosure action can be a lengthy and costly process. This article explores deed in lieu of foreclosure and why a homeowner may want to choose that option.
How Does A Deed In Lieu Of Foreclosure Work?
Sometimes deed in lieu of foreclosure is referred to as jingle mail since the homeowner is literally mailing the keys of their home to the lender as a statement that they are giving up their ownership of the home. The process is not that simple though as title to the home needs to be transferred back to the lender. Usually this can be done by signing the deed over to the mortgage lender and filling out any other paperwork the lender requires.
Generally, lenders are willing to take a deed in lieu of foreclosure since it will be less costly than pursuing the foreclosure process. Of course, this assumes that there are no other liens or other loans secured by the property. If there are tax liens, mechanics liens, home equity loan liens on the home that could make the process a little more difficult for the primary mortgage...
Posted by Paul Sian on Thursday, April 8, 2021 at 7:00 AMBy Paul Sian / April 8, 2021Comment
How Do Real Estate Websites Work?
As a home buyer or seller you may have come across many different real estate websites. While there are different “brands” of real estate websites they usually all share one thing in common, they show current listings of homes that are available for sale on the market. Some websites can show which homes are for sale all around the United States whereas others are limited to specific areas. This article explores how real estate websites work and which websites may be the better option to go with.
Who Owns These Real Estate Websites?
The big nationwide real estate websites like Zillow, Redfin, Trulia, Realtor.com and some others are owned by big corporations. Those websites get nationwide access to all the multiple listing services (MLS) around the US so they can provide home buyers with current homes listed for sale. Those national real estate websites and their home listings though may not always be accurate depending on how they get the information for their websites. Some of them are pulling the information directly from the MLS while others use a third party to pull that information together for them which can result in some delays of status updates on properties.
There are other national real estate websites that have listings from where ever they have a physical presence in the market. Most home buyers and...
Posted by Paul Sian on Thursday, March 25, 2021 at 7:00 AMBy Paul Sian / March 25, 2021Comment
The Top 10 Highest Priced Homes For Sale Today In The Greater Cincinnati Area
Cincinnati is the third largest city in Ohio and the Greater Cincinnati Metropolitan area covering Ohio, Kentucky and Indiana is the largest metropolitan area in Ohio and the 27th largest metropolitan in the United States. The Greater Cincinnati area has a unique variety of architecture and the homes offered in Cincinnati are no different in their unique style and features. You can find 100+ year old one of a kind homes in different neighborhoods in Greater Cincinnati as well as brand new homes with modern features.
The Greater Cincinnati is no stranger to luxury homes and has many luxury apartments, condominiums, and homes to choose from. The neighborhoods these homes are found in are in and around the Greater Cincinnati area and represent the best the city has to offer. These homes offer some of the latest and greatest in luxury as well as technology and are found in the following great neighborhoods:
Posted by Paul Sian on Thursday, March 18, 2021 at 7:00 AMBy Paul Sian / March 18, 2021Comment
8 Smart Moving Tips To Prevent Yourself From Going Crazy
While the activities of buying or selling a home are not as stressful, the time when people really can melt down is when it comes to moving. Moving literally involves a lot of moving parts. Getting the right packing materials, packing up items so as not to break or lose them, disassembling larger items in order to transport them more effectively and not getting injured in the process. Moving is not easy and moving without a plan is a recipe for disaster. This article provides eight great moving tips which can help you from having a nervous breakdown.
1. Hire Professional Movers
Professional movers are worth their weight in gold and can move their weight in gold and then some. These mover teams are moving many home buyers and sellers throughout the week so they know how to care for the things you care for. Don’t just pick any mover or the cheapest mover since the results may not impress you. Professional movers have insurance on themselves and on the items they are moving for you. So, if something does happen to break or not make it to the final destination at least you can be financially covered.
Movers can do everything for you if you want them too. Movers will pack up each and every room safely and securely and unpack them in the new house as well. All the homeowner has to do is tell the movers where to unpack things and let the movers handle the rest. Make sure to choose movers by either using multiple word of mouth recommendations or one that has stellar online reviews in order to have the best experience.
Posted by Paul Sian on Thursday, March 11, 2021 at 7:00 AMBy Paul Sian / March 11, 20212 Comments
For this podcast I sat down with Bruce Hopkins, attorney with Finney Law Firm. In the podcast Bruce and I discussed how he got started in commercial real estate, how he helps out commercial real estate clients, what commercial real estate investors need to be doing when wanting to buy commercial real estate, commercial real estate leases and more.
Posted by Paul Sian on Thursday, March 4, 2021 at 7:00 AMBy Paul Sian / March 4, 2021Comment
Inventory continues to be tight in the US and specifically in the Greater Cincinnati and Northern Kentucky real estate markets. The luxury home market is not as short of inventory as the non-luxury market and new luxury home communities are currently being built (such as the Riverview Estates at Coldstream Country Club). If you need help buying or selling a luxury home in the Greater Cincinnati or Northern Kentucky area feel free to contact me so I can help you with your goal.
About the author: The above article “February 2021 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 a home, 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, February 25, 2021 at 7:00 AMBy Paul Sian / February 25, 2021Comment
Great Tips For Buying The Luxury Home Of Your Dreams
Homes in many markets are selling at a quick pace. Luxury homes are no exception and many luxury homes up for sale are seeing multiple offers coming in right at the start of the listing period. Luxury home buyers who are wanting to buy their dream home need to be fully prepared in order to be competitive with other buyers who are trying to buy the same home. This article looks at the important steps luxury home buyers should be taking in order to be competitive with other luxury home buyers.
Start Planning Ahead Of Time
Most home purchases do not happen overnight or over a weekend. Prior to buying a home luxury home buyers need to be researching neighborhoods and the housing types. Are you looking for condos with amenities, neighborhoods with sizeable lots, downtown living, luxury town homes or something else? Each of the different options provide different benefits and drawbacks. Downtown living usually means being closer to work and downtown entertainment and activities but it also means smaller and more expensive homes overall. Looking for homes with a larger yard means being further away from the downtown areas but one can get much more square footage as compared to a downtown home which can be a plus for those with families. Not researching and planning ahead will result in wasted time for the luxury home buyer.
Work With A Qualified Real Estate Agent
Buying a home represents one of the biggest investments many people will make in their lifetime. Homes...
Posted by Paul Sian on Thursday, February 11, 2021 at 3:30 PMBy Paul Sian / February 11, 2021Comment
Tips For Supporting Local Cincinnati Businesses During The Pandemic
The pandemic has resulted in many businesses suffering due to the slowdown in spending. Local small businesses have been hurting the most since they rely on local foot traffic to keep their business running. Travel has also decreased during the pandemic which means fewer tourist dollars for local businesses as well. With local businesses struggling that means those employed by local businesses are also seeing their hours cut or even worse being let go. This article provides some tips for helping out local businesses so they can survive the downturn during the pandemic.
Buy and Eat Local
While sites like Amazon, Walmart, Target and more offer options for buying things online and getting them shipped locally, there are many local small businesses and shops who sell the same items. By buying local you are ensuring your money gets used to help local businesses and that means getting the items you need/want even quicker since one just needs to buy and take with them their purchases. Spending your money locally means that money is used by the shop owner to pay their employees who also live in the local area. Look for shops that offer locally produced or grown items for even a bigger impact.
Consider local restaurants outside of the usual chain restaurants when buying cooked to order meals. While chain restaurants employ local people often times with the very large chains any profits from the business is usually sent out of the local area. Whereas with a locally owned restaurant any profits the owner generates stays in the local economy with the owners...
Posted by Paul Sian on Thursday, February 4, 2021 at 7:00 AMBy Paul Sian / February 4, 2021Comment
With housing inventory being tight in many different markets, the Cincinnati luxury real estate market is no different. Prices continue to climb and the amount of homes on the market available for sale are also lower than typical. Median price has climbed and can be traced to very low mortgage rates.
About the author: The above article “January 2021 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, Hyde Park, Indian Hill, Kenwood, Madeira, Mariemont, Milford, Montgomery, Mt. Adams, Mt. Washington, Newport, Newtown, Norwood, Taylor...
Posted by Paul Sian on Thursday, January 28, 2021 at 8:00 AMBy Paul Sian / January 28, 2021Comment
10 Smart Tips For Getting A Home Ready For Sale
With every home there are different factors that need to be taken account of due to age of the home, the current condition, and what sorts of updates if any were done as part of the consideration for putting it up for sale. When getting a home ready for sale, each homeowner must approach their home as that of a neutral buyer looking for their next home. A homeowner who loves their current home as-is is not doing themselves any favors by thinking everyone else will think the same. Today’s buyers want market priced homes that are in move in ready condition. This article looks at some of the ways home sellers can make sure their home is ready for buyers prior to putting it up for sale.
1. PROPER HOME PRICING
Pricing your home according to Cadillac standards when all your neighbors own Chevy homes will lead to failure. That kind of pricing strategy usually does not work. Even if your home does have Cadillac features compared to everyone else in your neighborhood that does not mean buyers are ready to pay the Cadillac price in a Chevy neighborhood when one street over they get a Cadillac home in a Cadillac Neighborhood. Buyers want to buy homes where other homes in the neighborhood can support the value of the home they are considering. So if the pricing of your home is out of line with that of your neighbors the chances of it selling are reduced.
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 ensure items stored in the unit are not subject to high...
Posted by Paul Sian on Thursday, December 17, 2020 at 7:00 AMBy Paul Sian / December 17, 20202 Comments
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 entities and include mortgages like FHA, USDA, VA and...
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. So in case you want to make a donation in person...
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 to the network and with the right tools see what...
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.
About the author: The above article “October 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!
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 with the purchase price amount the...
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.
About the author: The above article “September 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!
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.