Eugene Pridgett

Buyer's remorse happens to a lot of people. The fear of signing a long term commitment for a mortgage at the closing of a Beavercreek real estate deal--be it for a family home or investment property can be daunting. It's important to not let your fear get the best of you for many reasons. Not only can you miss out on the property you've looked so long for, you can lose a lot more than that.

Walking away from a deal before closing can mean losing any earnest money you have put down when you made an offer on the property. Unless you made a no earnest money offer; which is highly unusual, you will lose it by deciding not to go through with the closing.

There are a few contingencies that may allow you to get all or some of your earnest money back when you walk away, but only if you have listed those possibilities in your offer such as:

· Financing. If you don't list that possibility as a contingency for buying a home, even if you can't get financed, you will lose your earnest money deposit.

· Selling an existing piece of Beavercreek real estate. Again, this only works if you included this information in your offer. If you must sell your home first before Closing on the new home this contingency must be communicated.

· Appraisal, title, or inspection contingencies are also good clauses to have in your offer to protect you in case the information comes back undesirable and would like to use that to back out of the deal. These provisions allow you to change your mind if the appraisal value of the Beavercreek real estate doesn't come back matching the price you are paying, inspections turn up problem areas, or the title has issues.

Don't be fooled into thinking that you can back out of a signed contract bid because of those items if you do not list them as contingencies.

Let me help you prepare a proper real estate contract, including all contingencies. As an accredited buyers representative I can help protect your interest in the purchase of your new home. Contact me today at 937-287-7523 or email me at Gene@TheGeneGroup.com.

Whenever a deal in our Beavercreek Ohio market becomes available I will post the notification so that my blog followers or anyone looking for property will have an opportunity to take advantage. Subscribe to this blog or keep it linked and you could be getting a great deal on new market incentives.

April 2009
New Construction - Beavercreek Ohio

Inverness has an April incentive of 1,000 - 3,000 depending on the model that you choose. Also,
they are providing the military with the 3,000 incentive regardless of the model. These incentives
can be used for free options, closing costs or to buy down and interest rate.

If you’d like more information on this deal contact me directly at 937-287-7523 or shoot me an email to Gene@TheGeneGroup.com

Trust Can’t Be Granted It Must Be Earned. Have a look at what some of my satisfied clients had to say.

Satisfied Clients

Rent or Buy a Beavercreek Ohio Condo or Ranch Condo

With the current economy, it may seem like a better idea to rent a Beavercreek Ohio condo or Ranch Condo instead of buying one. Let's explore some of the reasons why it's still better to buy rather than rent.

Throwing Money Away

When you rent that's basically what you're doing. You give your money away in exchange for a 'perishable' item—one month of living space. Once that month is over, the money is gone and you didn't get anything of long term value in return.

When you buy a Beavercreek Ohio condo you still spend money for a month of living space, but in addition, you're building long term equity. It may take longer and property may not increase in value as quickly as it did in the past, at least for now, but the money you spend becomes a back end asset instead of just disappearing.

Tax Breaks

When you buy a home, you can deduct the interest and property taxes that you pay every year on your income taxes. That can be a sizeable amount of money. If you buy your first home in 2009, you get an even bigger tax break of $8,000 as a result of President Obama's stimulus plan.

Saving Money

Yes, you actually end up saving money in the long run if you buy a home rather than rent. According to The New York Times, over a 16-year period you can save as much as $5,000.00 by owning your own home. And, that number doesn't include the $8,000 tax credit first-time home buyers get when they purchase a principle residence in 2009.

The bottom line is that the housing market troubles have nothing to do with the 'evils' of homeownership. They have to do with bad lending practices, and people wanting more than they can afford.

Choose your Beavercreek Ohio condo wisely, only buy what you can afford to pay for each month, and pay attention to the loan you are being offered. If you need any advice on the best types of loans or condos available, I'd like to help. Call me today at 937-287-7523 or email me at Gene@TheGeneGroup.com.

President Obama's stimulus plan:

http://www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home#taxcredit

Tax Credit FAQ:

http://www.federalhousingtaxcredit.com/2009/faq.php

The New York Times:

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html

Principle residence:

http://moneycentral.msn.com/taxes/glossary/glossary.asp?TermID=259

TheGeneGroup.com

Beavercreek Ohio Buying Opportunities - Beavercreek Ohio Ranch Condo

Whenever a deal in our Beavercreek market becomes available I will post the notification so that my blog followers or anyone looking for property will have an opportunity to take advantage. Subscribe to this blog or keep it linked and you could be getting a great deal on new market incentives.

April, 2009 – April 30, 2009
Ranch Condo - Beavercreek

Current Deal:
The Villas of Beavercreek are offering a great special on their ranch condos. The offer is the upgrade of your kitchen appliances, faucet and cabinets. Choose any cabinet in their design center along with stainless steel appliacnces and add upgraded faucets.



If you’d like more information on this deal contact me directly at 937-287-7523 or shoot me an email to Gene@TheGeneGroup.com

Trust Can’t Be Granted It Must Be Earned. Have a look at what some of my satisfied clients had to say.

Satisfied Clients

Beavercreek Ohio Real Estate Market Values. If you’re contemplating buying or selling this spring you have to know your market. Your real estate market is very dynamic and changes daily. Did you know that Beavercreek Ohio Real Estate has 3 markets? It’s true.. Beavercreek Ohio North, Beavercreek Ohio South, and Beavercreek Ohio which is both North and South markets combined. In this post I’ll share the numbers of the combined market. I’ll also show the associated absorption rate and activity index for both Beavercreek Ohio North and Beavercreek Ohio South.

Beavercreek Ohio
North & South Combined Market Report

Beavercreek Ohio North Market

Absorption Rate : 12.6 month supply on market
Activity Index : 177.1 Activity Index

Beavercreek South North Market

Absorption Rate : 13.4 month supply on market
Activity Index : 121.1 Activity Index

If you go back to my November 2008 post you’ll see a definite slowing in the Beavercreek Ohio Market. A smart seller or buyer will know the applicable values to fully maximize your transaction.

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Whether you are upgrading, downsizing, relocating or PCS’ing to or from Wright Patt Air Force Base you’ll need current and applicable market knowledge. Feel free to contact me so we can discuss an appropriate action plan to meet your buying or selling goals.