Our Real Estate Blog

Your Listing Expired And Your Home Did Not Sell . . . NOW WHAT?

Submitted by George Berick on Fri, 2018-02-09 11:43

Did your listing expire without selling? Is everybody else's home selling but yours? If you're serious about selling, then you're probably pretty frustrated. It's time to take a fresh approach.

There are reasons your home has not sold that are unique to your situation. Here are the 8 most common reasons a house remains unsold as well as actions you can take to get it sold.

1. THE PRICE IS WRONG. If your house isn't selling, then it is not priced properly for the current market. There are plenty of buyers that are looking for homes of all sizes, amenities and condition. Your home needs to be priced where a ready, willing and able buyer will see the value. Pricing your home at or near the actual market value is the best strategy for getting your home sold at the best price within a reasonable time frame.

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We Are Proud To Be Your Trusted Partner!

Submitted by George Berick on Fri, 2018-02-09 11:15

Video 1: Ohio REALTORS Your Trusted Partner from nikki gasbarro on Vimeo.

Can You Qualify For A No-Money Down USDA Loan?

Submitted by George Berick on Thu, 2018-02-08 11:34

Do you have the income and reserves to buy a home, but not the down payment? If you live in many of our local areas, a USDA loan could be a perfect option for you.

USDA loans (also referred to as Rural Development loans) are guaranteed or insured by the Department of Agriculture to support affordable housing in less developed areas.  Its many benefits include:

  • No Down Payment:  Although not limited to first-time homebuyers, this can be particularly attractive for younger buyers who have a steady job, but not much in savings.
  • Low Guarantee Fees:  Guarantee fees are much lower than the similar fees on loans backed by the FHA. With a USDA loan, there’s a 1% guarantee fee compared to a 1.75% mortgage insurance premium (MIP) for FHA loans. In both cases, buyers can finance the upfront fee in their loan.  USDA loans carry a 0.35% guarantee fee on the unpaid principal balance each fiscal year. For FHA loans, buyers pay an annual 0.85% MIP fee if they made a minimum 3.5 percent down payment on their home purchase.
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