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...

Tips For Selling A Home In A Buyer’s Market

The real estate market in many locales around the US shifted rather quickly to a buyer’s market with the increase in mortgage interest rates.  As a result home sellers need to put in a lot more effort in order to make sure their home is sold.  Many buyers have stopped looking for a home due to lack of affordability as a result of higher mortgage rates.  With fewer buyers, home sellers need to provide exactly what those buyers who are still in the market want.  Learn what home sellers need to do to get sold in this buyer’s market.

Get Pricing Right and Be Flexible

Pricing is one of the most important things to get right and work on getting right if it is not where it should be.  Buyers look for homes that will fit their monthly budget.  An overpriced house will mean buyers will walk away and look to homes that are priced within their range.  An overpriced home will get little love from buyers.  How a home was priced last year in a seller’s market should not control how a home is priced today.  Home sales comparisons (comps) need to be very recent.

Home sellers need to be flexible with their price.  Once listed the home price should not be set in stone.  As buyer feedback comes in the home seller needs to keep in mind what buyers are saying.  If buyers are mentioning home condition, need of updates, or some other reason that is usually a sign that the price may be high.  If the home seller does not want to make updates,...

Does A 40 Year Mortgage Make Financial Sense?

With interest rates nearing fourteen-year highs buyers are looking at all methods to help with lowering the monthly payment so they can buy a particular home.  Buyers mainly consider the monthly payment and how it will fit within their budget.  By spreading out that payment over a longer period the buyer can reduce the monthly payment.  Adding interest into the mix a 40-year mortgage may not be the best financial option for buyers considering the short-term monthly payment savings as this article explores.

Lower Payment?

Certainly a 40-year mortgage can offer a lower payment compared to a 30-year mortgage regardless of interest rate, but how much lower is it really?  Let’s take for example a $400,000 mortgage with a 30-year and 40-year term at a 7% interest rate.  At 30-years a $400,000 mortgage results in a payment (not including tax and insurance) of $2661.21.  At 40-years the mortgage payment is $2485.73 (also not including tax and insurance).  That results in a lower monthly payment for the 40-year mortgage by $175.48.  That is a modest savings in the monthly payment. 

Looking at the overall interest a homeowner will pay though can raise some concern.  The total interest paid for the 30-year mortgage is $558,035 over the life of the loan.  For a 40-year mortgage the total interest paid is $793,148.  The additional interest paid on a 40-year mortgage is $235,113.  If held for the full 30 or 40 years that is quite a bit of extra interest to be paid.  While the ...

October 2022 Greater Cincinnati Multifamily Market Report

The data you see below is from the Cincinnati Multiple Listing Service (MLS).  Average days on market refers to hold long on average a property stays on the market before accepting an offer.  The properties sold is the number of multifamily properties that have been sold during the month being reported on.  If there is other data you would like to see please feel free to share in the comments below.