Derek Tye

Thank you to everyone who has helped make this year great. Although sales were down from last year I have met so many people that have propelled my career into new exciting directions. Please help me to make 2009 a positive year for all!
Sincerely,

Derek Tye

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!

Mortgages to be cut to 4.5%?

I just watched this video posted this morning from a popular news show. If the rates do go down to 4.5% for new purchases on homes do you think this will stimulate long term growth in the housing market?

The first question is whether it will happen at all. From what the video says this is a proposal that the lobbyists are trying to get passed. In essance, this is a bailout plan for new construction and home builders. In Clermont County Ohio, Cincinnati Ohio and other surrounding suburbs around here the question isn't whether people can afford the new home of thier dreams, it is whether they can sell thier current home that has been sititng on the market for a long time. If the builders around here like Capital Custom Homes are any reflection on the real estate market as a whole they are not seeing much activity at all. The land listings that we have are sitting with little or no activity.

As we look forward to a more positive 2009 I hope the policy makers in Washington will do what they can to support the purchase of homes from a first time homebuyer perspective. I think once this part of the market is stimulated and can grow again we will then see the results trickle throught the rest of the system.

Thank you for reading our blog!

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!

The market has been going soft for some time now in Clermont County. As a Realtor and a home owner in the area I have seen several changes come about. In the Greater Cincinnati Area there are many suburbs that have seen a decline in home values and homes are taking longer to sell. Lately the trend has been getting worse. Some homes that I have listed are staying on the market long after I thought they would sell. It all comes down to price and that is what is really driving the real estate market now.

One example is a listing I took last month. This is a home that would normally sell for about $120,000 in Union Township. The house was listed at $104,900 and did not sell despite the best efforts I could give. The owner ended up renting it out just to get some cash flow coming in.

We have about 40 listings on the market in Clermont County, Hamilton County and Warren County. We also have a few in Northern Kentucky. All of these homes are sitting with little activity and it is very frustrating for our sellers. All we can do is either lower the prices, stage the homes or get some positive news in the media.

Lets all hope for the best!

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!

Please read below for some exiting news from the local Board of Realtors about our team. It is an honor to be recognized among my peers. Thank you for helping make this possible. Congratulations to my fellow Realtors.
Sincerely,
Derek

From: Judy Buhr
Sent: Monday, November 24, 2008 2:35 PM
To: derek@derektye.com
Subject: Award announcement from the Southern Ohio Association of Realtors and the Ohio Association of Realtors 2007-2008

PRESIDENT SALES CLUB RECIPIENTS

AWARD OF EXCELLENCE
Derek Tye

AWARD OF DISTINCTION
Sandy Burkhart

David E. Cropper

Merilyn Edwards

Diane Gillespie

Lydia C. Nattin

AWARD OF ACHIEVEMENT
Scott Anderson
Kim Boyd
William Bresser
Jim Bridges
Paulette Busam
Tim Closson
Carma Crothers
Lisa Daniel Allen
Susan Dudek
Terry Fisher
William Fister
Viji Grant
Marcia Greenwald
Barbara Hancock
Deb Henderson
Paula Hoeflich
Sally Jacobsen
Don Larrison
Meagan Leigh
Ty Leonard
Margaret Loomis
R. Wayne Loudermilk
Patricia Melton
Connie Rydzewski
Jill Smith
Tonya Strunk
Cary Sunderhaus
Bertha Thomas
Kelly Weir
Jerrie Whitling
Dolores Whitson
Andrea Wilson
Shirley Winters
Robert Brian Wright
Linda Ziegelmeyer

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!

For the last several years I have heard these great stories from investors all over the world talking about how they "flipped" a house for $100,000 quick profit or other magical get rich quick scenarios. I have seen some of these with my own eyes so I know that they are real.

Fast forward to 2008. The stock market is down, housing is under stress and banks are loosing deposits and investors. The big boom areas around the country like southern Florida, Las Vegas and Southern California are all seeing record depreciation. Where are the big gains now?

Unlike other boom areas around the country, conservative Cincinnati Ohio has seen a steady 3% a year appreciation rate in most of its suburbs. The PMI index rated Cincinnati as a safe bet for property values not losing in the next 3 years.

As investors are looking around the country for a safe place to buy an apartment building or to build an entire portfolio, I urge you to look at this area for many reasons. For the last several years I have been finding investment properties for many "out of towners" with a low maintanance approach to real estate investing. If you haven't already, please check out my favorite book on the subject "The Millionaire real estate Investor" by Keller.

After reading this book you will see that my favorite strategy in this market and many others is Buy, Hold then Refinance. Let me know if I can help you start your search soon. I have helped investors on $30,000 to $7,000,000 properties in this market.

Happy Hunting!
Derek Tye

Derek Tye has been an influential Realtor in the Greater Cincinnati Ohio Market for over 4 years. For more information about our Greater Cincinnati Ohio Real Estate services we offer please call us at 513-732-2720 or visit our website at www.CincyOhioHomes.com . Don't miss our Testimonials!