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March 2022 Greater Cincinnati Luxury Real Estate Market Report

Mortgage rates have bumped up quite a bit and the average mortgage rate as of writing this update is 5%.  Mortgage applications and refinance applications have slowed down as a result.  Inventory in the luxury market remains unchanged from last month but the median price is down a bit along with the days on market.  As interest rates remain higher than a few months ago and even increase further compared to today's rate more buyers will pause their goal of buying a home or start to shop for homes priced at a lower point.

March 2022 Greater Cincinnati Luxury Real Estate Market Report


Tips For Understanding The Listing Contract When Putting Your Home Up For Sale

Tips For Understanding The Listing Contract When Putting Your Home Up For Sale

Tips For Understanding The Listing Contract When Putting Your Home Up For Sale

When working with a real estate agent for listing a home for sale (or even commercial real estate) the agent will present the owner with a listing agreement.  The listing contract provides the terms and conditions the real estate agent will use to list the home for sale on the local MLS (Multiple Listing Service) where all homes are listed by agents.  Understanding the listing contract is important for homeowners since the contract will contain the rights each party has in the transaction.  This article looks at some of the important areas homeowners need to be paying attention to in the listing contract.

Basic Terms of the Listing Contract

Some of the important basic terms of the contract relate to things like making sure the correct address shown, understanding how long is the listing agreement for, and is the agreed upon commission rate correctly captured in the contract?  Typos happen and while not a huge deal if the house is listed as 1234 Main Street when it should be 1233 Main Street, a commission rate of 8 percent when 5 percent was agreed upon could become a costly error if the contract is ever enforced in court.  Just as with any contract everyone signing the contract should be reading the language and making sure they understand what they are signing.  If there are questions, ask your real estate agent or get an attorney involved if there is some language...

What Is Seller Financing?

What Is Seller Financing?

What Is Seller Financing?

When buying real estate the typical methods for paying are providing cash or getting a mortgage.  One other method which is not very common is buying the property through seller provided financing.  With seller provided financing the owner of the property is basically agreeing to sell the property to the buyer and take monthly payments in exchange.  This article looks at seller provided financing to help buyers understand why it may or may not work.

Seller Financing Terms

With seller financing pretty much everything is negotiable.  The buyer can negotiate how long they want the loan to be, how much down payment they should pay, what interest rate they will be paying and more.  Of course, depending whether it is a buyer’s or seller’s market the negotiating position of the buyer to get the terms that want may or may not be the greatest.  The seller is also the one offering the financing so regardless of the type of market they have more ability to control what they will or will not accept.

A traditional mortgage can have minimum down payments anywhere from 0-30% and terms are typically 7 to 30 years depending on type of real estate involved (commercial vs. residential).  When using seller financing it is highly recommended that the buyer work with a real estate attorney to make sure their interests are being properly protected.  Buyer’s should insist that the real estate title be transferred over to their name and the seller have their financing document be registered on the property as a mortgage lien to protect both...

February 2022 Greater Cincinnati Luxury Real Estate Market Report

Mortgage rates have trended downwards after the recent activity in Europe and the recent upward trend.  Slightly more homes were sold in February and as the weather warms real estate sales in general should pickup.  Real estate still faces a lot of headwinds from high inflation rates, the Federal Reserve intent on raising rates, and a declining stock market. 

February 2022 Greater Cincinnati Luxury Real Estate Market Report

Is 4% The Rate That Breaks Reat Estate's Back? - In the past it took much higher rates to cause a drop in demand from buyers.  This time around 4% may be that rate that slows things down.


The Importance of Timelines When Buying or Selling A Home

The Importance of Timelines When Buying or Selling A Home

The Importance of Timelines When Buying or Selling A Home

Timelines are critical when it comes to buying any type of real estate.  The timelines set when certain things must happen and if missed the buyer or the seller can lose out on some important rights that they have based on those timelines.  This article looks at what timelines are common when buying or selling a home and the consequences if those timelines are missed.

Common Timelines In A Real Estate Contract

In most real estate contracts, whether for commercial or residential transactions there will be due dates for accepting the offer, inspections, responding to repair requests (including request for price reduction based on repair issues), financing (if used), depositing earnest money, and the closing date.  All the dates listed out in the contract are deadlines that if missed can cause a breach of contract claim.  Both the buyer and the seller each have their own due dates they need to stick to in order to have a smooth transaction.

While an appraisal will generally be required when financing is used (there are some exceptions) usually there is no timeline required for the appraisal.  An appraisal is usually ordered by the buyer’s lender after the home inspection is done.  Since buyers are paying for the appraisal the lender will wait until the buyer gives them the green light to order the appraisal in order to help the buyer save some money if the deal gets cancelled due inspection issues.  Appraisers are an independent part of the real estate process and their part only starts...

Tips For Buying Commercial Real Estate

Tips For Buying Commercial Real Estate

Tips For Buying Commercial Real Estate

When it comes to buying commercial real estate, the approach is a bit different compared to buying a home. Residential homes have thirty-year fixed mortgage rates as well as lower interest rates compared to commercial mortgages.  Commercial real estate has shorter overall terms, higher interest rates and the lender will look pretty closely at the commercial property to see if it can support the commercial mortgage loan.  This article looks at what the new commercial real estate investor should be considering before they start on their adventure.

What Is Your Reason For Buying Commercial Real Estate?

For those wanting to buy commercial real estate as an investment the lender considerations will be somewhat different as compared to someone wanting to buy to have their business in the commercial space.  When buying as an investment, the commercial mortgage lenders are usually looking for at least 20% down and will want to see that the current businesses occupying the property are producing enough income to cover the commercial mortgage loan payments.

For those wanting to buy commercial real estate to house their own business there are some more options available.  In this situation the business owner can buy a building just for themselves and need not worry if there are tenants in place.  While having tenants in place who rent some of the building is better for the business owner since they have someone else helping to pay the mortgage.  Business owners also have more lending options to buy commercial real estate for business purposes such...

January 2022 Greater Cincinnati Luxury Real Estate Market Report

Fewer luxury homes sold in January 2022 compared to December 2022.  Overall inventory of luxury homes available for sale also saw a decline in January.  Median price stayed about the same and as Federal Reserve actions to increase interest rates take effect the real estate market should see a further slowdown as well.

January 2022 Cincinnati Luxury Real Estate Market Report


The Top 10 Highest Priced Homes For Sale Today In The Greater Cincinnati Area


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:

Indian Hill, OHio 45243:

What began as a farming community in 1904 the Village of Indian Hill later was reshaped into more of an area for large estates.  The homes in Indian Hill represent some of the best of what Cincinnati has to offer.  In 2002 the Robb Report rated Indian Hill, OH as one of the best places to raise a family.  Of the top ten priciest homes in the Greater Cincinnati area Indian Hill has 7 homes on the list.


The Ideal Time To Sell A House

The Ideal Time To Sell A House

When Is The Best Time For Listing A Home For Sale?

In every real estate market there are particular times of the year during which the most buying and selling activity takes place.  During the peak selling season the most home buyers are out and about looking for homes to buy.  Sellers can take advantage of this peak selling time by making sure their homes are ready to go and get listed for sale with the best possible marketing.  This article explores when are ideal times to list a home for sale and provides some tips to get the home in great selling shape.

Peak Selling Time

As every market is different it is helpful to consult with a local real estate expert to determine when the peak selling time is for your market.  In Cincinnati the peak time when the most homes are sold is the month of June.  By sold that means the house purchase transaction closed and the new owner took ownership.  Generally, it takes around 30 days to get a home sold from when an offer is first accepted to the date of closing.  So in order to be part of that group whose home is sold in June the home must be on the market at least 30-60 days prior to that.

Once an offer on a home is accepted that only begins the process of actually buying a home.  Home mountain peakbuyers need to perform inspections, get the home appraised, work on applying for the mortgage and more.  Through this process the home buyer needs to rely on their team which usually consists of a real estate agent, home inspector, mortgage lender, appraiser, and sometimes...

How Will Inflation Effect Real Estate?

How Will Inflation Effect Real Estate?

How Inflation Will Effect Real Estate

Inflation numbers have been steadily increasing month over month in 2021 which ends up making things more expensive for everyone.  Those increased costs do find their way into real estate as well.  The causes of inflation include supply chains that are clogged up, extra money floating around chasing fewer goods, cost of supplies going up and more.  This article looks at how inflation will impact real estate homeowners, buyers, sellers and investors.

What Is Inflation?

Wikipedia defines inflation as “In economics, inflation refers to a general progressive increase in prices of goods and services in an economy.  When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.”  Goods and services that relate to housing include lumber, paint, windows, carpet, the labor to install/maintain all of those items and more.  The price of a new home will cost more to build as the costs for the parts of the home and the labor to put it together increase. Existing home prices can also increase with inflation because of cost to maintain them, update them or the cost to replace them is up as well.  

While the official inflation rate for 2021 was 7%, not everything goes up by the same amount.  That 7% number is based on different items that have different weighting in the inflation index.  That means certain things are counted less and certain things are counter more towards the average inflation rate even...

December 2021 Greater Cincinnati Luxury Real Estate Market Report

The median price of luxury homes in Greater Cincinnati remained unchanged from November 2021.  Fewer luxury homes were sold in December 2021.  December usually sees a drop off in home sales in general due to the holidays.  Fewer people are out and about looking for homes and are instead travelling for vacations, visiting family or preparing for guests.  Fewer homes are available for sale now but that number should increase as temperatures warm up later on.

December 2021 Greater Cincinnati Luxury Real Estate Market Report

Housing Bubble America - Prices for homes are at all time highs considering the last peak as this article shows.


Fine Dining In Cincinnati

fine dining

Fine Dine Options In Cincinnati

For those looking for an elegant meal in Greater Cincinnati there are plenty of options to pick from.  Some of these restaurants are established ones that have been around for a while as well as newer ones.  They all offer great food choices in a more elegant surrounding guaranteed to satisfy your palate.

Jeff Ruby Steakhouse

Jeff Ruby has been one of the mainstays for Cincinnati fine dining.  Offering high end steaks cooked to order there are three different restaurants to choose from in the Greater Cincinnati area.


November 2021 Greater Cincinnati Luxury Real Estate Report

Inflation is starting to take a bigger bite out of the consumer spending.  While luxury homes are less likely to be impacted due to demographics, the Federal Reserve will be forced to raise interest rates in order to dampen inflation.  The higher interest rates eventually work their way into mortgage rates which will then cause buyers to pause their real estate purchases or to look for something cheaper.  In Cincinnati, luxury homes sold during the month of November remained consistent with October 2021 numbers with the main notable difference of the median price being higher..

November 2021 Greater Cincinnati Luxury Real Estate Market Report


Garage Updates That Can Help Increase The Value Of A Home

Garage Updates That Can Help Increase The Value Of A Home

Garage Updates That Can Help Increase The Value Of Your Home

The garage is often one of the under looked areas of the house when it comes to making updates.  While some homeowners are using their garages for keeping cars there are plenty of other homeowners who use the garage for more.  Generally, the garages on the whole should be kept with the main purpose of parking cars when making updates regardless of how it is used.  This article looks at some useful updates that improve the look of the garage and can help boost the value of the home.

Garage Updates The Make Sense


Unless a garage is only used to park cars and nothing else it can always benefit from better organization.  Adding shelves, wall hooks, cabinets and more make the garage more functional and give a place to put everything in or on.  A cleaner more organized garage looks better and makes it easier to find things when they are needed.  Garden/lawn tools that are set out of the way secured by wall hooks means lower chances of injury to the homeowner and to the cars as they come in and out of the garage.  

Many companies sell garage specific cabinetry that are more durable and designed to fit tall tools.  With those cabinets regardless of what is stored in there they are designed to take a beating and still look great.  They come in different color options depending on what works for the home.  If the goal is to sell the house, a clean and well-organized garage is a big selling point for home buyers.


Most garage floors are...

Great Local Cincinnati Charities To Know About For #GivingTuesday

giving tuesday cincinnati charities to consider

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

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...

Tips For Selling A Home In Winter

tips for selling a home in the winter

Tips For Selling Your Home In Winter

Real estate is one of those things that sell year-round.  Regardless if it is in the dead of winter or during the hot summer months people will buy and sell homes.  Real estate does have its cycles where certain times there are more homes for sale and more buyers ready to buy.  Other times, like winter, there are fewer buyers and fewer homes for sale.  For those wanting to sell their home in the winter that means fewer sellers to compete with and buyers who are more serious about buying.  This article provides tips for home sellers to make sure their home shines for the buyers who are out looking to buy.

Interior and Exterior Preparation Tips

Interior Preparation

If a home hasn’t had a coat of fresh paint in the last few years making sure the rooms are painted with a neutral color will help when it comes to showings.  A majority of home buyers these days are looking for move in ready homes.  Old and worn paint or paint that is unique to a certain decorating style can limit the buyer pool who is interested in making an offer.  With an already smaller than usual buyer pool it makes sense to have colors that are neutral and appealing to all to increase the chances of getting strong offers.

The interior of the home should present well overall.  That means having clean windows, clean carpets/flooring as well as clean appliances.  Old worn carpets are a definite turn off to buyers.  Rough and faded hardwood floors do not convey a move in ready vibe.  Replacing carpets...

What To Know About Remodeling A Bathroom

What To Know About Remodeling A Bathroom

What To Know About Remodeling A Bathroom

Remodeling a bathroom can improve the look of a home, increase its value and maybe even save the homeowner some money over the long term.  Homeowners need to understand the process of remodeling a bathroom so they can make sure it is done correctly.  This article looks at some of the steps a homeowner should take when wanting to remodel a bathroom.

Steps To Take Prior To Remodeling

Homeowners need to consider whether they plan to take the do it yourself (DIY) approach for the remodel or hire a contractor.  While the DIY approach can save money, if the homeowner does not have the necessary skills to lay tile, update or move plumbing and install electrical fixtures it might be best to leave it to the pros.  It will cost more to redo work than it would had the homeowner hired a pro from the start.

The homeowner should be considering what are the goals for the bathroom remodel?  Are they simply looking for an update of the bathroom or do they want to do more like add or remove a shower or tub?  A simple bathroom update which usually means new vanity, sink top, faucet, toilet, tile and man holding hand uppaint will not be as expensive as would be adding a shower or tub to an existing bathroom along with the remodel.  Adding a shower or tub to a bathroom that does not have one can increase the value of the home since full bathrooms are valued higher than half baths.  ...

October 2021 Greater Cincinnati Luxury Real Estate Report

There are some signs of a slowdown in the Greater Cincinnati luxury real estate market as compared to September 2021.  Median price has decreased and the average days on market has increased.  Some slow down is to be expected as we head into the winter months.  Mortgage rates have also ticked up slightly which can account for some of the slowdown.  As the economy continues to go through it's post-pandemic motions how things shape out remain to be seen.

October 2021 Greater Cincinnati Luxury Real Estate Report

Rising Mortgages and Home Sales - Year over year existing home sales have fallen as the pandemic frenzy appears to have tapered some.  The question though is this transitory?


How Do I Ship or Transport My Car Across Country

How Do I Ship or Transport My Car Across Country

Everything You Need to Know About Shipping a Car When Moving

If you need to ship a car across the country, there are many things to consider. Your focus might be on keeping the costs down, but other factors are essential as well. To ensure your car is transported safely and delivered when you want it, there are some things you should do to prepare.

Car shipping should not be taken lightly as it is easy to run into problems if you're not careful. To help you transport a car across the country, let's take an in-depth look at what you need to think about and do before committing with one of the car shipping companies.

Picking the right auto transport company will be a vital part of having a pleasant moving experience.

Choosing How to Transport Your Car

If you need to move your vehicle to the other side of the country, you have a few options. Don’t start researching auto shipping companies before thoroughly weighing up your options.


Often cars are shipped because their owners don’t like the idea of driving across the country. If you choose to drive your vehicle, you will face expenses, including gas, food, and lodging costs, if the journey is further than you can move in a day.

You will also pay for gas when you have your car shipped, and semi-trucks aren’t known for their excellent gas mileage. The truck driver has to be paid as well, as do the customer service representatives and the other people who work for the company. They have licensing and fees to pay too, and they still need to make a profit.

All of this might make shipping your car for shorter distances...

4 Smart Tips For Buying A New Construction Luxury Home

 new construction luxury home

4 Smart Tips For Building A New Construction Luxury Home

For those looking to build a luxury home from scratch starting with the right steps is helpful as the process of building a new home can be a lengthy process.  Start in the wrong order and months can be added to that timeline.  This article presents a great overview of what luxury home buyers should be doing when they want to buy a new construction luxury home.

Get Finances In Order

Whether one plans to use cash or finance the purchase of a new construction luxury home with a mortgage, getting everything in order at the start is needed to prevent a last-minute scramble.  Cash needs to be in cash so that means liquidating any crypto, stocks, or other non-cash investments in order to make sure the money is available when needed.  With new home construction there are periodic payments made to the builder, sometimes these are referred to as progress payments.  There will be an initial down payment required and then along the way as the home gets built additional funds will need to be paid to the builder.  On closing any remaining amount owed are paid in full and ownership of the house is transferred to the buyer.

Sometimes the land needs to be purchased up front and then the buyer will work with a builder to get the actual house built.  If paying with cash then the cost of the land will need to be paid right away.  On the other hand, buying a home with a mortgage can make good financial sense with interest rates as low as they are at the time of writing this article.  For buying a new construction luxury home a ...

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