Posted by Paul Sian on Thursday, October 3, 2019 at 7:00 AMBy Paul Sian / October 3, 20194 Comments
Advanced Tips For Securing Your Home and Personal Identity
A home is a person’s castle and protecting the home is a top priority. Beyond just protecting the home physically homeowners should also look at protecting their home and themselves from digital thieves who don’t even need to enter a home to steal. A lost credit card number or worse a social security number can lead to long term issues. This articles provides some advanced tips for securing one’s home both against physical intruders and against those who want to steal your information.
Having an alarm installed is one great way a homeowner can protect their home especially if the alarm is monitored. A monitored alarm means if the alarm is triggered the monitoring company will first call the homeowner to check if everything is ok or if they are not able to reach the homeowner they will call the local police department. The police will then come out to check on the home to see if there is an issue.
Home alarms can also be unmonitored where the only warning they provide is in the home through the use of a siren and/or lights. Monitored home alarms systems usually require a monthly fee for the monitoring service and with monitored service the homeowner may be eligible for homeowners insurance discounts. There are many do it yourself (DIY) home alarm kits like Ring, Simplifi, and more where installation of the security devices and keypads are easily done...
Posted by Paul Sian on Thursday, September 26, 2019 at 7:00 AMBy Paul Sian / September 26, 2019Comment
Things To Consider Before Downsizing
Whether you are an empty nester looking to reduce your footprint or just don’t want a large house downsizing may be a great way to save money and be more stress free by not having to deal with the extra expenses. Smaller homes can mean smaller mortgages and smaller utility bills. Depending on the new location too more opportunities may open up to live in an area that is more walkable or that may have close by shopping thus making the home more convenient. Whatever the reasons or desires for downsizing homeowners need to consider a number of aspects to make sure the decision is right for them.
When going from a larger house to a smaller house the first consideration to be made relates to how much stuff one will be taking to the smaller house. Furniture, kitchen wares, decorations, and other household items can easily be downsized since a smaller house will not have the space for all those items a larger house does. Before even listing the larger house for sale the homeowner should sell or giveaway those items that are not needed or will not fit in the new house.
Heirloom items can be passed onto children or other relatives who can make better use of them. Money obtained from selling collectibles that others may not have the appreciation for can be put to better use by the homeowners themselves. As many who are downsizing are also close to retiring if not already retired extra money in a bank account from selling off excess items can make a great travel fund or rainy...
Posted by Paul Sian on Thursday, September 19, 2019 at 7:00 AMBy Paul Sian / September 19, 2019Comment
What Should Buyers Be Reviewing On The Property Disclosure Form?
The property disclosure is an important document that sellers provide to potential buyers. With the property disclosure the sellers are listing out details about the condition of a home. Most states have laws governing the use of the property disclosure form as a means to help inform buyers about the house they wish to buy. Generally homeowners are required to disclose known (or should have known) conditions about the home they are trying to sell. Buyers should carefully review the disclosures because even if the home that looks great on the internet it may be one they wish to avoid if there are major issues disclosed about the home. This article looks about what buyers should know about the property disclosure form.
Use The Disclosure Form As A Screening Tool
Before a home buyer goes to visit a home they should be asking their real estate agent for a copy of the property disclosure form. The property disclosure form is often uploaded into the local MLS along with other disclosure documents to which their real estate agents have access to. Buyers should review the disclosure form for any condition they may consider to be a deal breaker before they visit the home. If the property disclosure forms mentions mold, foundation issues, bad roof, water leaks or something else many buyers may not want to view those homes as some of those conditions can prevent the buyer from...
Posted by Paul Sian on Thursday, September 5, 2019 at 7:00 AMBy Paul Sian / September 5, 20192 Comments
Do I Have To Give Earnest Money When Buying A Home?
When buying real estate often times the buyer is expected to give some earnest money as part of the transaction. Earnest money is usually paid up front when the offer is accepted and is held in a trust account with the listing broker, the buyer’s agent broker or with the title company. The earnest money stays in a trust account until the real estate transaction is closed or when both parties agree to terminate the transaction and there is agreement as to where the money should go to. While earnest money is not a requirement it is highly recommended and this article will explore more about earnest money works in a real estate transaction.
Should You Give Earnest Money When Making An Offer?
Earnest money is in essence a good faith deposit that a home buyer or investment real estate buyer is giving that shows they have true interest in purchasing certain property. While earnest money is not a requirement it is highly recommended since it can show the level of interest a buyer has. It is in essence a down payment put towards the purchase of a home. Earnest money can be refundable depending on the terms of the real estate purchase contract. If the real estate purchase contract conditions the purchase on a home inspection, appraisal and/or the buyer being able to get a loan to purchase the property then the language of most standard contracts state if those conditions cannot be met the earnest money should be returned to the buyer.
In some commercial real estate transactions sellers will sometimes require some or all of the earnest money to become “hard” or non-refundable due to the time...
Posted by Paul Sian on Thursday, August 29, 2019 at 7:00 AMBy Paul Sian / August 29, 20192 Comments
What Kind Of Paperwork Does One Need For A Mortgage Pre-Approval?
The first step when buying a home, buying investment real estate or buying real estate for business purposes should be getting pre-qualified or pre-approved for a loan. A pre-approval letter lets buyers know they have the ability to get a loan to buy real estate. Additionally it lets buyers know how much real estate they can afford and usually what the payment terms will be. By having one’s paperwork in order prior to starting the pre-approval process the buyer can ensure a pre-approval process that runs smoothly and is done quickly enough so they can start with the actual shopping for real estate.
Real Estate Buyer Who Are W2 Wage Earners
For those who work for an employer who provides them a W2 form at the end of the year the W2 form will be something lenders will want to see as part of the pre-approval process. Generally lenders are looking for a copy of the last two to three years of W2 forms provided from an employer. If a buyer works multiple jobs then make sure the W2s from each employer is presented as the income from those forms will be used to determine the buyers overall income. The more income a buyer can show the higher their pre-approval can be. The W2 also shows the stable income flow of the buyer which will help in making the determination to approve for a mortgage or not.
Lenders will also be looking for the last two pay stubs from the buyer’s job. The pay stubs show how much the buyers pay currently is and also details the deductions...
Posted by Paul Sian on Thursday, August 22, 2019 at 7:00 AMBy Paul Sian / August 22, 2019Comment
Advanced Tips For Real Estate Investing
Real estate investors have probably heard the typical investment advice before: get pre-approved, work with a real estate agent, run the numbers, have cash reserves etc. This article looks to go beyond the typical real estate investing advice and provide more in depth guidance that can help investors protect themselves and their investing partners. This article will explore investing in real estate with partners, syndication investing, getting legal advice and more.
Investing With An LLC
If an investor is purchasing property with cash, with a hard money, or commercial loan then generally it is best to have the property registered in a limited liability company or LLC. Some lenders may even require the investor to register the property into an LLC based on their lending requirements. An LLC provides an extra layer of protection to the investor in that if someone were to sue based on an accident that happens at the property the LLC will limit liability to what is owned by the LLC and keep personal assets out of the equation. Of course an LLC must be properly run and managed and if the LLC was not run properly courts have been known to ignore the LLC and allow personal assets to be considered during a lawsuit.
Generally an LLC can be created in any state and some may choose to create one in their home state. LLCs formed in one state can own property in another state but the investor must review the local laws with regards to registering the LLC as a foreign LLC. For example in Ohio an LLC formed in another state must be...
Posted by Paul Sian on Thursday, August 15, 2019 at 7:00 AMBy Paul Sian / August 15, 2019Comment
Tips For Creating A Better Landscape
A beautiful yard gives the homeowner more of an enjoyable and pleasing space to work or relax in. Whether one just wants to enjoy the outdoors for leisure purposes or one wants to get hands on involved in creating the look of their yard a great landscape makes a home look more appealing. Even more so if a home is soon to be put up for sale a great landscape helps draw the buyers in. This article provides some tips on having a great looking landscape that is sure to have an impact.
Start With The Basics For A Great Landscape
The quality of the soil around your house will dictate the type of plants, grass and trees one can and cannot have. The climate as well plays an important roll. Certain fruit trees (like oranges) will work great in many areas of Florida. For an area like Cincinnati, Ohio though oranges will not survive the winter.
Cincinnati and many parts of Ohio and Northern Kentucky are known for having dense clay soils. These dense clay soils can stop things from growing or flourishing if the proper prep work has not been done. Some homeowners treat their soils with various additives in order to break up the clay and bring forward a more loose soil like structure. One of the first places for Greater Cincinnati area homeowners to start is at their local extension, which provides soil testing. By getting ones soils tested they will know what nutrients are lacking and what should be added in order to boost the quality of it.
Posted by Paul Sian on Thursday, August 8, 2019 at 7:00 AMBy Paul Sian / August 8, 20192 Comments
Should You Sell Your Home First Before You Buy A New One?
When the time comes for a homeowner to consider buying a new home the thought comes to whether they should sell their current home first or buy the next home and then sell. Whether they are buying to change locations, to upsize or downsize due to change in family size the decision to sell first or not is an important decision. Homeowners have various factors to consider including whether they can afford two mortgages at the same time, whether they can find another home in time once their current home is under contract with a buyer, or do they have some place to move to temporarily if their house sells and closes before they can buy a new one. This article looks at the various options homeowners have when looking at the decision to sell their home first before buying a new one.
Affordability Should Be The Top Factor When Deciding To Sell A Home First
If a homeowner needs equity from their current house in order the make the down payment for their next house or the ability to pay two mortgages will severely hamper the household budget then the best choice is for the homeowner to sell their current home first and then find another home. Depending on the market and how many homes are available for sale it may be easy for a homeowner to have their house under contract for sale and find another house to buy before they close. The contract for closing can be arranged such that the homeowner can either stay in their current home until they close on the new home with agreement of the buyer or move into the new home before...
Posted by Paul Sian on Thursday, August 1, 2019 at 7:00 AMBy Paul Sian / August 1, 2019Comment
Where To Get Great Tacos In Cincinnati
Who doesn’t love tacos. Whether soft tacos or hard tacos and fillings of ground meat fish or vegetables sometimes a taco is what is needed to hit the spot. Cincinnati being a foodie town is no stranger to tacos and this post looks at some of the great taco places in and around the Greater Cincinnati area. Presented in no particular order, be sure to check out the places below when a taco craving comes on. (All the restaurants on this list offer both meat and vegetarian options)
Nothing goes along better with great tacos than great homemade salsa which Gomez has. Salsa recipes passed down through family tradition go great on their tacos, nachos, burritos and their unique turtle offering. We are sure you will agree based on the pictures that the food will be great. Gomez is located in the Walnut Hills and Over the Rhine neighborhoods of Cincinnati. Meat and vegetarian options are available.
Posted by Paul Sian on Thursday, July 25, 2019 at 7:00 AMBy Paul Sian / July 25, 20192 Comments
Can A Buyer Walk Away From A Contract To Purchase A Home?
After an offer has been accepted on a home a buyer has some options for walking away from the contract and even getting their earnest money back. Usually those times to walk away and get the earnest money back apply during the contingency periods written into the contract. A buyer can walk away though at any time from the contract up until the actual signing of all documents at closing. Walking away from a purchase contract though could result in the buyers losing their earnest money and worse being sued if there were no contract contingency clauses upon which they based their decision to cancel the contract. This article explores some of the different ways buyers can walk away from a contract to purchase a home and the consequences for doing so.
Walking Away During The Inspection Contingency
One of the typical contingencies included in a real estate purchase contract is the inspection contingency. In the inspection contingency the buyer is given the right to inspect the property in order to determine the quality of the house. During the inspection period the buyer can cancel the purchase for pretty much any reason. For example a single electrical outlet is bad or even a door squeaks, the buyer can cancel the deal and get their earnest money back as spelled out in the contract. The buyer must cancel within the time frames specified in the contract if they are using the inspection contingency. Depending on the market that could be anywhere from a couple of days to a couple of weeks after both the...
Posted by Paul Sian on Thursday, July 18, 2019 at 7:00 AMBy Paul Sian / July 18, 20192 Comments
Top 7 Signs That A Luxury Home Is Over Priced
When selling a luxury home one of the most critical aspects is setting the right price. Set a price too high and the home will sit on the market for too long with very little interest. When buyers see an overpriced home they generally will ignore that home as not fitting in their price range. Once the price does come down the home might have been on the market for too long and buyers will assume there is something wrong with the condition of the home. Either way a larger price reduction will be needed in order to get a buyer interested enough to make an offer. This article looks at some of the common signs that indicate a luxury house is overpriced and some tips on how to avoid that.
Price Is Based On What The House Was Bought For
Just as a homeowner will not price a home very low because they bought it thirty years ago when prices overall may have been lower, homeowners should not be pricing high based on what they recently paid. Prices may have been higher than they are today when purchased but that does not always mean the price of the home will go up as well. Home values can go up or down depending on a number of factors. If a particular area has experienced a large outflow of employers and jobs resulting in lower overall demand for housing in that area then the high price for a home based on past purchase will not make sense. Real estate is all about location and the local economy.
Price Is Based On Upgrades Made To The House
Just because a homeowner added a pool or upgraded the kitchen and bathrooms to luxury quality does not equate to a dollar...
Posted by Paul Sian on Thursday, July 11, 2019 at 7:00 AMBy Paul Sian / July 11, 2019Comment
For this podcast about hard money loans I sat down with Kay Battle of Common Sense Capital Solutions. During the podcast we discussed investing in real estate, hard money lending, and how hard money loans can help investors. If you want to learn more about hard money loans and how hard money lenders operate this is a great pdocast for you.
I hope you enjoy the podcast and find it informative. Please consider sharing with those who also may benefit.
Posted by Paul Sian on Friday, July 5, 2019 at 10:05 AMBy Paul Sian / July 5, 2019Comment
How To Prevent Mosquito’s from Over Taking Your Yard
Not only are mosquitos quite an annoyance they are also considered one of the deadliest animals in the world due to the fact that they can spread diseases and viruses through their bites. Whether one is enjoying a relaxing day on the deck, grilling for family and friends or just tending to the yard mosquitos can quickly make what is enjoyable miserable after the itching sets in from mosquito bites. This article provides tips for homeowners to help reduce mosquito levels in and around the house so the time spent outdoors can be pleasant.
Facts About Mosquitos
Not all mosquitos bite humans, in fact it is only the pregnant females of mosquitos that bite humans or other animals for blood. The blood is used by the mosquitos to help produce eggs, eggs that must be laid in stagnant water. Without stagnant water mosquitos do not have a place to multiply. While in the water mosquito larvae will feed on algae and other bacteria in the water. It can take up to 40 days for mosquitos to transition to the adult flying variety that cause all the problems.
Drain Standing Water
Standing water is ground zero for mosquito breeding grounds. Without standing water mosquitos have nowhere to lay their eggs. That water can come from sources such as the rain, water sprinklers, pools, gardens, planters and more. Where ever water sits stagnant gives mosquitos the opportunity to multiply. Water collects in buckets, used tires, garden tools, pool toys, kids toys and even some types of plants can collect water that provide mosquitos enough of an area to lay eggs. The best way to ...
Posted by Paul Sian on Thursday, June 27, 2019 at 7:00 AMBy Paul Sian / June 27, 20192 Comments
Common Home Problems And How To Deal With Them
When it comes to home ownership the home owners are the ones responsible to make repairs or call a professional to help out. An unmaintained home can quickly lead to disaster as little things like plumbing leaks, leaking gutters, electrical problems can turn into major repairs requiring a lot of money to fix. On the other hand fixing those minor issues can be a great cost savings to the owner and results in a home that works great and stands the test of time. Check out some of the common home problems and how best to deal with them below.
Nothing can be worse than a clogged toilet. Especially if there is only one toilet in the house avoiding a clogged toilet is not possible. Whether the clog is a result of children putting things in the toilet that don’t belong, old drain lines or something else, clearing a clogged toilet can be easy with the right tools. A plunger and a toilet auger are must haves for any homeowner as their onetime cost alone should total no more than $50 dollars for a good set. On the other hand a call to a plumber for clearing any toilet clog can be $75 or more per call and that sometimes is just the starting fee. If a particular toilet is prone to clogging the cost of calling a plumber can add up over time. To learn how to properly plunge or auger a toilet be sure to check out this article here which takes you through the steps of unclogging drains.
Clogged sinks are another common issue that generally will happen to most homeowners...
Posted by Paul Sian on Thursday, June 20, 2019 at 7:00 AMBy Paul Sian / June 20, 2019Comment
Great Things To Do In Cincinnati During The Summer
Looking for some fun things to do in Cincinnati this summer? Whether you are a resident or visiting from out of town, Cincinnati has lots to different options to keep one busy. From amusement parks, water parks, museums, the theater, food, and more check out some of the great things Cincinnati has to offer below.
Looking to ride some roller coasters or get wet with some water slides or both then Kings Island (located a little over 20 miles north of Cincinnati) is for you. Kings Island offers a variety of different roller coasters and other carnival type rides to keep one busy all day. In addition to the rides Kings Island offers Soak City for cooling off and enjoying the water. With thirty six water slides, two wave pools and more Soak City can be enjoyed on its own or in conjunction with the roller coaster and regular rides in Kings Island.
Closer to Cincinnati (approximately 10 miles east of the downtown area) is Coney Island that also offers rides and a water park. Coney Island’s offers a number of different thrill rides and carnival type games to keep you entertained. On the water park side Coney offers water slides, a water tower, a diving pool and has the world’s largest recirculating pool which covers two acres. Whether you want to enjoy the water park or the carnival rides Coney is another place to go in Cincinnati.
Cincinnati has many different museums to choose from offering options for modern art, classic art,...
Posted by Paul Sian on Thursday, June 6, 2019 at 7:00 AMBy Paul Sian / June 6, 2019Comment
What To Know About Doctor Loans For Buying A House
While the mortgage programs for military veterans is common knowledge due to being sponsored by the federal government, less known about are doctor loan programs offered by many banks. Some loan programs are generally offered exclusively to doctors whereas others expand to include many others employed in the medical profession. Nurses, physician’s assistants, physical therapists and more may qualify for some of the programs depending on the lender. This article focuses on the doctor mortgage loan programs in particular and some of the information provided for this article is from Walt Wollet of Fifth Third Bank who is licensed to lend in 32 states and based in the Greater Cincinnati, Ohio area.
Why A Mortgage Loan Just For Doctors?
Fresh out of school doctors may have a large amount of debt from student loans but due to their earning potential they represent a good client to the banks. So while the doctor’s assets and current income may not be that high at the start of their career they have the ability to earn quite a bit and build up their asset base quickly. Once employed as a doctor they are able to work for some time increasing their earnings as they go up. The risk for job loss for doctors is also very low due to high demand for those in the profession. That all adds up to a long-term customer banks would love to have and a reason to earn and keep their business.
Posted by Paul Sian on Thursday, May 23, 2019 at 7:00 AMBy Paul Sian / May 23, 2019Comment
What To Consider When Buying A House To Tear Down And Build New
In many older developed neighborhoods there is very little vacant land available for those wanting to build a new home. For some buying land with an old home and tearing down the old home so a new home can be built can make economic sense. Whether the neighborhood is preferred for it’s location, the great schools it is affiliated with or just the community charm, buying an old house so a new one can be built after tear down can be a great strategy. This article explores some of the considerations home buyers should take into account when buying a home to tear down for a new construction build.
Get A Team In Place Prior To Even Considering The Purchase
As there are many steps and considerations involved in buying a house to tear down for purposes of building a new home having your team in place from the start is important. Team members should include an architect (for fully custom builds, some builders already have architects on their team), a builder, a real estate agent, a mortgage lender and a real estate attorney. These team members will need to work together to make sure that the home and land that is being purchase will meet all the requirements so a new house can be built on it. Miss any of the critical considerations below then the entire plan will fail.
Important Things To Consider
For starters the new home buyer will need to verify if a permit is needed to tear down a home. Due to all the pieces of a home, tearing it down can have an environmental impact and local governments want to make sure hazardous items from a demolished home are properly disposed...
Posted by Paul Sian on Thursday, May 16, 2019 at 7:00 AMBy Paul Sian / May 16, 2019Comment
What Kind Of Price Reduction Makes Sense For A Home That Is Not Selling?
Two of the biggest reasons a home does not sell is due to overpricing and the condition of the home not being in move in ready shape for the average buyers. Condition issues with a home can always be dealt with through proper pricing as for every home there is a buyer when the price is right. The main reason for lack of interest in any home is pricing. Without the right price buyers won’t bother since it may be a waste of their time to negotiate if they don’t believe the seller would be willing to come down. Thinking that any reduction in price will work is not the answer to an overpriced home, in fact the amount of reduction that must be made to a home is based on a few different factors like the current price of the home, how long it has been on them market and its current condition. This article will explore what kind of price reduction will be needed for a home that is not selling.
Why Does The Price Reduction Amount Make A Difference?
The amount of the price reduction is what will make the biggest difference when selling a house. Just as a one dollar price reduction will not make much difference when a home is priced in the hundred thousand dollar range neither will a price reduction of $1000, $5000 or even $10,000 make much difference in a home that is worth more than one million dollars. For a home priced at $505,000 reducing the price to $490,000 can have a big impact since that home will now show up in buyer searches where the price range is $500,000 and below. Whereas prior to the price reduction buyers searching below the $500,000 range would never see the $505,000 home, they will...
Posted by Paul Sian on Thursday, May 9, 2019 at 7:00 AMBy Paul Sian / May 9, 2019Comment
Smart Devices To Help Save Energy And Money
All it takes is a smart phone, a smart device and an app to take your home into the future and turn it into a smart home. Generally smart devices are devices that are connected to the internet and do more that the regular version of that device would do. A smart security system can send you active reports of changes to the system, whether someone has entered the home or the whether smart camera detected the delivery person dropping off that package you have been expecting. Smart monitoring devices can check if no one is home and adjust temperature settings accordingly to help save energy. Here are some areas of the home a homeowner can make their home smarter which can also help with the convenience factor and can help save money as well.
Whole House Smart Water Monitoring
Imagine if a device can monitor each and every faucet in the house to know how much water has been used from each? Using that information that device can give tips and insights on how to save money and save water at the same time. Imagine if that same device can also detect water leaks and also shut off the water completely in the event of a major pipe burst minimizing any potential water damage. Such a device does exist with, Moen Flo, StreamLabs, and Belkin’s Phyn smart water assistant. These devices can monitor each and every water source in the house from the outdoor spigot, to toilets, showers, and sinks. That...
Posted by Paul Sian on Thursday, May 2, 2019 at 7:00 AMBy Paul Sian / May 2, 2019Comment
Where To Get Great Barbecue In Cincinnati
When people hear Cincinnati they may commonly think about the special variety of chili available here (that is a topic for another blog article), Graeters ice cream, goetta or some of the Cincinnati based specialty sausages of German origin. Some may not know Cincinnati has a great barbecue presence that includes a nationally recognized barbecue joints. Cincinnati is definitely a foodie paradise and barbecue is no exception as can be seen by the list of great barbecue places listed below.
Eli’s BBQ started up business in 2011 serving up delicious barbecue on Cincinnati’s Fountain Square. With the initial success from a summer of hard work they decided to open up a brick and mortar shop on Cincinnati’s east side. Now Eli’s BBQ has five locations located all over the Cincinnati area. In 2016 online business news magazine Business Insider named Eli’s number three in the nation of top barbecue places in the US. Come early though to make sure you get a seat as their food has been known to sell out due to the huge demand.