As a home buyer in Ohio, you are likely to face some challenges and obstacles in the process of finding and buying your dream home. However, with the right knowledge and approach, you can navigate your way through the real estate market successfully. Here are some tips for Ohio home buyers in 2023: 1. You don't have to sign a buyer's agreement Many real estate agents will ask you to sign an exclusive buyer broker agreement before they begin working with you. While there are some benefits to signing such an agreement, like having a dedicated agent to help you with your home search, you are not required to sign one. If you are uncomfortable with the idea, you can always work with an agent on a verbal agreement or shop around until you find an agent who does not require one. If you have already signed one and aren't happy with your agent, ask them for a release and explain why. Chances are, they will give you the release. If they refuse, it may be time to escalate to their broker for the release. 2. Writing a strong offer In a competitive market, it is essential to write a strong offer that will catch the seller's attention. This includes offering a reasonable price, being flexible with the closing date, and trying to utilize terms that are attractive to the seller. It is also important to have your financing in order, so the seller knows you are serious and can close the deal quickly. What is a reasonable price? Your agent may offer you comparable home sale examples to help you decide on a price. Two things to keep in mind are, demand is high, and supply is low. Prices are continuing to rise. A home selling now may be worth more than one that sold in the neighborhood six months ago Most home sellers are also going to be buying a home to move into. Being flexible with your closing date, and day you receive possession of the home may be a key factor to catch the seller's attention. Every home sale is different, and every seller is going to have their own motivating factors. Some look for a sale with as little chance of falling through as possible. That is why a slightly lower cash offer can be more attractive than a high financed one, at times. Waiving inspection repairs (but still protecting yourself with an inspection) can put a seller at ease. Your agent should be checking with the listing agent to find any key motivations to help put together a strong offer.  Whether you are purchasing the home cash or with a loan, having financing in place before placing an offer is absolutelty essential. Your offer probably won't even be considered without proof you can follow through on it. 3. What to look for When searching for a home in Ohio, there are several factors to consider. Location is key, so think about the neighborhood, schools, and proximity to your work or other amenities. You should also consider the size of the home, the number of bedrooms and bathrooms, and any special features or amenities that are important to you. Don't be afraid to ask questions and do your research before making an offer. In Ohio, there has been a surge of home building about every 20 years. You will often find many homes were built in the late 1920s to early 1930s. The 1950s (many of which were cape cod style homes), the 1970s, and 1990s. Between each of these builds, homes had different building standards. They all have their own thing to look out for: Is the electicity grounded, is the basement built to be finished, is the plumbing copper/galvanized steel/PEX/etc?  When viewing a home, there a couple of things to look out for that could mean costly repairs are in the near future. Items like an old roof, HVAC system, foundation repairs, and more will most-likely be called out by a good home inspector. You can watch out for these things before getting to that point by using a couple of the following tips - Old asphalt roofs show signs of wear with nail pops, wavy roof lines, curling shingles along the gutters, and (if you can see into them) lots of granule loss in the gutter. - Old HVAC can be found by looking at the serial number to find the date. On the A/C, this will be on the back of the condenser, but may be inside the furnace panel. If you open up the furnace, you can also look for signs of rust which may mean leaking a/c coolant.  - If the basement is finished and the home is built before the mid 1990s, you'll want to check to see that some sort of waterproofing was done. This could be internally with a sump pump and plastic sheeting on the walls (in an unfinished area of the basement), or french drains on the exterior of the home. If the basement is unfinished, cracks in the walls can give you a general idea of the condition of the foundation. This goes without saying, but you shouldn't be able to see light from the inside of the home. Minor cracks happen all of the time, but if they have started to bow the wall or separate then you'll want to look further into it.  4. Be kind Buying a home can be stressful, but it is important to remember that you are dealing with real people on the other side of the transaction. Being kind and respectful to everyone involved, including the seller, their agent, and your own agent, can go a long way in smoothing out any bumps in the road. Remmeber that your agent is going to be working for you for free until you close on a home. If you change your mind about an area, or who you want to work with, let them know.  In conclusion, buying a home in Ohio in 2023 can be an exciting and challenging experience. By following these tips, you can increase your chances of finding and buying the home of your dreams. Remember to be patient, do your research, and work with experienced professionals who can guide you through the process. Good luck!

In 2024, the real estate market is poised for some significant changes, especially with the recent lowering of interest rates. This decision by the Federal Reserve will have a considerable impact on buyers, sellers, and the overall market dynamics. In this blog post, we will explore what lowering interest rates means for the real estate market in 2024. For buyers, the lowering of interest rates is excellent news. This decrease in borrowing costs means that homebuyers will be able to secure mortgages at more affordable rates. With lower interest rates, buyers can take advantage of reduced monthly mortgage payments, making homeownership more accessible and affordable. As a result, we can expect to see an increase in the number of potential buyers entering the market. However, this increase in demand from buyers might lead to a more competitive environment for sellers. As more buyers enter the market, the demand for housing will surge. This surge in demand, coupled with the limited inventory available, will likely drive home prices even higher. So, for sellers, this could be an opportune time to list their properties and capitalize on the increased buyer interest, potentially fetching higher prices for their homes. Furthermore, with the increased demand and lower interest rates, it is highly probable that multiple offers will become more prevalent. In a competitive market, where multiple buyers are vying for the same property, sellers may receive multiple offers, often exceeding the asking price. This competitive bidding can lead to a faster sale and potentially higher profits for sellers. As demand continues to rise, it is expected that the inventory of available homes will also increase in 2024. Builders and developers will likely seize the opportunity to construct new properties, aiming to meet the growing demand. However, it is important to note that the increase in inventory may not be sufficient to fully satisfy the high demand, resulting in a market that remains tilted in favor of sellers. While the lowering of interest rates may benefit buyers and sellers, it is important to consider the overall market conditions in 2024. The combination of rising home prices and increased demand could lead to affordability concerns for some buyers. As a potential buyer, it is crucial to carefully assess your financial situation and determine if the current market conditions align with your long-term goals. In summary, the lowering of interest rates in 2024 will have significant implications for the real estate market. Buyers can expect more affordable mortgages, while sellers may capitalize on increased demand and potentially higher selling prices. However, with rising home prices and limited inventory, buyers need to carefully consider their options and affordability. As the market dynamics shift, it is vital for both buyers and sellers to stay informed and work with experienced real estate professionals to navigate these changes successfully.

Buying a home isn't a walk in the park, but don't worry! We've got your back every step of the way. From helping you set a realistic budget that aligns with your financial goals, to carefully researching and exploring neighborhoods until we find the perfect fit for you and your family, our dedicated team is committed to making this journey as smooth and stress-free as possible. Together, we'll navigate the complexities of the real estate market, negotiate the best deals, and ensure that you make a confident and informed decision. Let's embark on this exciting adventure together and find your dream home!   Step 1: Get a Real Estate Agent I understand that you might be skeptical, as this is what you would expect a real estate agent to say. Even if we, at the Kaizen Group, are not the right fit for you, we strongly encourage you to speak with a real estate agent. It may seem intimidating, but it's not as overwhelming as it appears. You don't have to commit fully to any agent at this moment, but consulting one can expedite the process and provide clarity on your budget for the next steps. It's astonishing how much there is to learn in the realm of real estate. We can confidently state that every deal is unique, offering valuable insights for future endeavors. We highly recommend initiating your journey with a realtor who can guide you through each subsequent stage.   Step 2: Speak With a Lender Speaking with an agent has its first advantage: we can recommend excellent lenders who are known for their helpfulness. We collaborate with them daily, giving us insights into their responsiveness, reliability, and overall competence. While it's not necessary to get pre-approved if you're not planning to purchase a home for a few months or more, it's still beneficial. It allows you to determine the amount you can potentially get pre-approved for, as well as the price range and areas you can start exploring. Plus, a lender can help you estimate your closing costs, which may include appraisal, survey, down payment, and other fees.   Step 3: Understand Pricing Strategy Understanding the pricing strategy in your target market is crucial. Homes may be listed above, below, or at market value. It's important to note that the sale price of one home in a neighborhood doesn't dictate the price of another. Sellers have varying motivations, with some seeking top dollar after renovating their homes, while others may have inherited a property and prefer to avoid repairs. It's essential to grasp the market dynamics and adjust your offer accordingly. Your realtor can assist in assessing the property's true value and determine your negotiating power. With this knowledge, you'll be able to craft a competitive and well-informed offer that benefits both parties.   Step 4: Search for Homes Online Here comes the fun part! Now it's time to hone in on what areas you like and what size/style of home works for you within your price range. Search online to get a sense of the neighborhood, nearby amenities, and anything else that may be important to you. I'm sure you have already searched online before this step, and probably have already searched before reading this article, but now you have the advantage of an automated search from your agent, and the knowledge of what buying power you truly have.   Step 5: Start Looking at Homes This stage can occur swiftly or even a year after step 4. For some, it commences upon stumbling across a home online that appears to be the perfect fit, both for themselves and their family. For others, it may commence once they have achieved their financial goals, or perhaps when the timing feels just right. It's important to maintain an open mind throughout this process and create a list of preferences and dislikes for each property visited. Many individuals begin with a plan that swiftly evolves as they start exploring homes in their desired area.   Step 6: Write an Offer Congratulations on finding the perfect home! Now it's time to craft a compelling offer. Your agent will guide you in creating an offer that appeals to the seller while meeting your needs. Crafting an offer involves various considerations, deserving of its own blog post. Remember to set a price limit and avoid stretching yourself too thin just to make a home work. Take some time to reflect after visiting the property. Acting solely on emotions can lead to regrets later on. One crucial aspect to highlight is the importance of getting a home inspection. In today's market, there may be pressure to waive contingencies, but a home inspection can potentially save you thousands and provide insights into future repair needs.   Step 7: Inspections After your offer is accepted, it's crucial to proceed with a home inspection (assuming you wisely heeded my advice against waiving inspections). This step allows you to uncover any repairs or issues with the property before finalizing the deal. It presents an opportunity to negotiate repairs or even a lower purchase price, particularly if there are significant concerns with the home.   Step 8: Lender Requirements If you're not purchasing with cash, your lender will need to arrange for an appraisal. An appraisal is an evaluation of the home's value by comparing it to similar sales in the area. It's crucial to include this as a contingency in your offer, allowing you to back out or renegotiate if the appraisal falls short of your offer price. You might have to cover the appraisal cost upfront or include it in your closing costs. During the appraisal process, your lender will request additional paperwork from you to verify information such as tax returns, pay stubs, and more. Promptly provide these documents to avoid any delays in your closing date. Once everything with you, the property, and the loan looks good, the loan will be sent to an underwriter for final confirmation.   Step 9: Survey There isn't much you need to do in this process. Once your agent sends the necessary paperwork to the title company (or attorney, if you're not in a title state like Ohio), the title company will arrange for a property survey. This is done to ensure that there are no issues with buildings or fences encroaching on neighboring properties, among other things. Additionally, the title company will conduct a thorough title search to confirm that there are no liens or any other factors that could impact the sale of the property. Rest assured, the property will be sold to you free and clear of any back taxes or liens.   Step 10: Cleared to Close! The underwriter has finished their tasks, and your loan is approved for closure within a few days. Once you receive clearance to proceed, we will schedule the closing date.   Step 11: Final Walk Through Just before the closing, you'll go on a final walkthrough with your realtor. This is to confirm that the home is in the condition you agreed upon. Unless the place spontaneously combusted or the owner unleashed their inner wrecking ball during their move-out, you're all set for the next exciting chapter!   Step 12: Sign and Get the Keys Today is the long-awaited closing day! You will sign the final paperwork with a notary. If you schedule your signing in the morning, you can expect to have all the necessary documents filed by the evening. Once that's done, you'll be all set to get your keys!   Step 13: Move Moving can feel like a whirlwind, but with some clever planning, you'll be on your way to a successful move. Don't forget to secure all the essential services for a smooth transition. Happy moving!   Step 14: Plan for Maintenance When it comes to planning ahead, this step should have been done earlier (oops!). But don't worry, we've got your back. Budgeting for expenses is key to owning a home and being responsible for maintenance. So, let's get witty and create a budget to keep your property in tip-top shape! It's time to show your home some love (and save some cash too). Your real estate agent should continue to be an asset long after closing. Like myself, many have a long list of contractors that they can recommend for any problem, no matter how big or small. Use this to your advantage as many of the big companies charge way more than necessary. That's how they pay for all of that advertising.   Conclusion: Buying a home can indeed be a long and complicated process, involving various steps and considerations. However, with the assistance of a skilled realtor who understands your needs, preferences, and the local market, you can navigate through this journey with ease. From the initial search and selection of properties to negotiating the best deal and completing the necessary paperwork, a knowledgeable realtor will guide you every step of the way. Throughout this process, it is crucial to stay organized and focused on your goals. Create a checklist of your desired features, prioritize your requirements, and maintain clear communication with your realtor. By doing so, you can ensure that you make informed decisions and find a home that aligns perfectly with your needs and aspirations. Remember, buying a home is not just a financial transaction; it is a significant milestone in your life. Take the time to envision yourself in each potential property, imagine the memories you will create, and consider the long-term implications of your investment. With careful planning and the guidance of a skilled realtor, you can confidently navigate the complexities of the home-buying process and soon find yourself settling into your dream home. Wishing you the best of luck on this exciting journey!

Beginning your search for a new home can be an exciting yet scary experience. As the saying goes, "you don't know what you don't know". When it comes to buying houses, that couldn't be more true. If you're reading this, I'm sure you've already started to get an idea of what style of home you like, what features you want, and aesthetics that you enjoy. But what about the bones of a home? What do you look for, and how do you look for it? Knowing what to look for in different eras of homes can help you make a more informed decision and understand the potential of an older home. 1920s-1930s Let's take a trip down memory lane to the roaring 20s-30s, an era of timeless charm and exquisite craftsmanship. These homes were the epitome of sophistication, with their elegant eave lines, impeccable brickwork, captivating window designs, and intricate details that are simply awe-inspiring. If you're on the hunt for a home from this period, keep an eye out for claw-foot tubs, ornate wood trim, original fireplaces with beautifully carved mantles, and secret doors and cabinets that will make your inner detective delighted. The possibilities are as endless as the intrigue of this bygone era! With this era of homes also comes its own set of problems to look out for: Outdated electrical - Electrical outlets and wiring from this era may not be up to modern safety standards. Knob and tube wiring was used during this period, and although it may still be functional, it should be updated to ensure safety. This type of wiring is not grounded, and is insulated with cloth which can pose a fire hazard. The home also may have an outdated electrical box with insufficient amperage to support modern appliances. Be sure to check as most homes need above 100 amps with today's electronics. Insufficient insulation - Homes of this era often have poor insulation and can be drafty. Structures built before 1941 may not have any insulation in the walls, ceilings or floors, so don't forget to check for proper filling and sealing! Plumbing issues - Plumbing from this time is more prone to leakage due to its narrower pipes. Many of these homes used galvanized steel pipes which corrode over time. The water pressure is also usually lower than that of a modern home, making it difficult to take advantage of the latest plumbing technologies. Lead Paint and Asbestos - Although both are not harmful unless disturbed, lead paint and asbestos were commonly used during this time, so it is probably safe to assume they are in the home. Both are expensive to completely remove from a home, but they can be worked around. White tape around HVAC piping is a clear indication of asbestos, but these can be wrapped and sealed with foil tape to avoid disturbing. Lead paint is almost a guarantee, but is only dangerous if exposed to the dust or if ingested. Scraping the peeling paint off (NOT SANDING), and painting over removes most danger from lead paint. Small, Outdated Kitchens and Bathrooms - Most kitchens and bathrooms from this era are small, functional spaces. Kitchens may lack enough counter space for modern appliances, or have limited storage options. Bathrooms may not have common amenities such as showers or tubs, instead opting for old-fashioned baths and sinks. Fortunately, these can be remodeled to accommodate a family's needs. Insufficient Insulation - Windows and doors from this era are often less efficient at keeping the outside, well.. out. If you're living in a densely populated area, noise pollution can be an issue in these older homes. Consider investing in energy-efficient windows to reduce the noise from outside sources. The Insulation in the attic may be packed down, and require more to increase the R-value. Inadequate Ventilation - It is common to see a bathroom without a ventilation fan, or one that goes straight to the attic. This can cause moisture issues over time, and promote mold growth, which is hazardous to your health. The same goes for kitchen ranges without proper ventilation; this needs to be addressed quickly to avoid any further damage from smoke buildup in the home. If you're considering buying a home from this era, don't worry! These notes are here to inform you about the necessary steps and attention required. Investing in upgrades that enhance efficiency and comfort is a wise decision, as it can save you money in the long term. Don't forget to budget for regular upkeep to ensure your older home runs smoothly. Start your journey to homeownership with confidence!   1940s-1950s The 1940s-1950s was a fascinating time in history, marked by the rise of modern conveniences in households. Keep an eye out for charming features like wood paneling, knotty pine cabinets, patterned tile floors, and authentic lighting fixtures from this era. Explore the unique style and design elements that defined this period of home décor. Less Storage - The homes from this time period are usually smaller, with less storage space in the kitchen and bathrooms compared to other eras. You may find that closets are also significantly smaller than today's standards. This can be easily remedied through thoughtful storage solutions or adding a closet insert. Dated Electrical - If you're looking at a home with original wiring, it's important to know whether the electrical has been updated. Although knob and tube wiring was no longer used in the 1950s, you may still find it in a 1940s home. Even without knob and tube, ground wiring did not become code until the 1970s. Appliances, computers, TVs, etc may need a circuit breaker between the outlet and system. Lead Paint and Asbestos - Like homes built in the previous era, homes from the 1940s-1950s may contain lead paint and asbestos. If you're buying an older home, it's important to have it inspected by a professional for any potential hazards. Outdated layouts - If you're in Ohio, MANY homes built in this era were cape cod style homes. These can be great starter homes, but are often missing some modern requirements, like a dining area, and more than one bathroom. Foundation Issues - Any home can develop foundation issue due to poor maintenance, but over time a foundation can settle. If you are buying a home with a finished basement, it is important to know if the basement has been waterproofed, and if any bowing walls are being covered up. Pest Infestations - Older homes are more susceptible to pests like termites due to being more easily accessed. If you find signs of infestations, it could mean a serious problem that needs to be addressed right away. It's important to have a professional inspect the home for any pest issues before making the purchase. In conclusion, the homes from the 1940s and 1950s may throw a few curveballs your way, but hey, where's the fun in life without a little unpredictability? Embrace their unique charm and character, even if it means encountering some "interesting" electrical setups, hidden pests, or funky layouts. After all, what's an adventure without a few surprises? So, arm yourself with knowledge, bring in the right professionals for inspections, and get ready to start your story in a home that's filled with history and sprinkled with mystery. It's time to add some wit to your home sweet home!   1960s-1970s Homes built in the 1960s-1970s era give us a glimpse of a transitional period in American architecture, as home designs began to evolve with the changing times. This period saw a shift from the conservative styles of the previous decades to more dynamic and modern designs. If you are looking at homes from this time, you'll notice more split-level and ranch-style houses, often built with a futuristic motif. However, as you admire the unique aesthetics of these homes, it's critical to be aware of potential issues common to properties from this period. Design - One notable feature of 1960s-1970s homes is the concept of split-level designs. These designs utilize the available space in an intriguing way. However, it's crucial to remember that split-level homes usually count the lower level towards their finished square footage. This means that a portion of the total living space may be situated below grade, potentially leading to issues related to dampness and lack of natural light. This is also why split-level and bi-level homes are often lower priced than another style of home listed with the same square footage. HVAC Systems - During the 1960s-1970s, HVAC systems' design and implementation were not as advanced as they are today. The piping was not always routed optimally, leading to uneven heat distribution throughout the house. As a result, certain areas of the home may be cooler than others, particularly during the colder months. This could lead to increased energy usage and higher utility bills as homeowners may need to use supplemental heating to make these colder rooms comfortable. When considering a home from this time period, it's important to thoroughly inspect the HVAC system and consider potential upgrade costs. Insulation - A vital aspect to consider when looking at homes built in the 1960s-1970s is the insulation. During this era, the standards for insulation were not as high as they are today. This lack of insulation can lead to inefficient heat retention, resulting in a home that is more difficult to heat or cool effectively. Homes from this period may often feel drafty, have cold floors, or experience high heating and cooling costs. It's essential to remember that upgrading the insulation in these homes may be a necessary step to enhance comfort and energy efficiency. Always take into account the cost and potential impact of such improvements when considering properties from the 1960s-1970s. Aluminum Wiring - Another unique characteristic of homes built during the 1960s-1970s is the widespread use of aluminum wiring, as opposed to the copper wiring more commonly used today. At the time, aluminum was chosen due to its cost-effectiveness and availability. However, it's important to note that aluminum wires can present a potential safety hazard. They tend to oxidize and corrode over time, which can lead to overheating, a higher risk of fire. So there you have it, a snapshot into the unique world of homes built in the 60s and 70s. While they do bring their own set of quirks – like the charming avocado-green kitchen appliances, or the not-so-charming aluminum wiring – they also offer a nostalgically rich tableau that's a testament to the era's architectural evolution. Sure, they may require a bit of modern tinkering here and there, but with the right touch, these homes can blend the best of both worlds: retro appeal with contemporary comfort. Remember, owning a piece of history is priceless, even if it comes with an avocado-green bathroom suite!   1980s-1990s By the 1980s-1990s, home design had shaken off its traditional roots and embraced a contemporary aesthetic with a touch of technological wizardry. From the outside, these homes flaunted symmetrical designs, large windows, and minimalist landscaping - the epitome of chic. Step inside, and you'd be greeted by bright interiors, open-concept floor plans, and the introduction of sleek materials like laminate countertops and vinyl flooring. It was a time when homes whispered, "Welcome to the future!" Insulation - The 1980s was a time of increased energy efficiency in housing design, with double-pane windows becoming commonplace. Homeowners also had access to new gadgets such as microwaves and dishwashers, adding convenience to kitchen life. However, there are a few potential pitfalls to look out for when searching for homes from this era. The use of urea-formaldehyde foam insulation (UFFI) was common at the time, and if present in a home it can pose health and safety risks that need to be addressed. Outdated Design Trends - These designs often compartmentalized the home into distinct, separate rooms, contrasting with the open-concept living spaces popular today. Such layouts, usually with a formal dining room, separate kitchen, and closed-off living areas, can feel restrictive and make the home seem smaller and darker. Oh, and let's not forget the unique charm of carpeted bathrooms in this era! As cozy as it may sound, it's a trend most of us are grateful stayed in the past. Tiptoeing across a plush carpet after a hot shower might have its appeal, but when functionality meets the reality of dampness and difficult cleanup, it quickly loses its allure! A bit of a design miss there, wouldn't you agree? Aging HVAC Systems - It is possible for a home to have its original Furnace and A/C system, and while these may have been state-of-the-art in their time, they can become very costly to maintain and operate over the years. If you're looking for a home that is ready to move into, keeping an eye out for newer HVAC systems is important. Original Roof - All roof styles have their own lifespan, but lets talk about the most used material in Ohio, which is asphalt. It is possible for a home built in the 1990s and even in the 1980s to have its original roof. Shingles then were rated for 20-30 years, and it is almost a guarantee the home is going to need a new roof, if it hasn't already received one. Some signs of an old roof are: missing, broken, curling or excessive sun-bleached shingles. Decks and Balconies - Another noteworthy feature of homes, particularly those from the 1980s and onwards, is the outdoor living space. Decks and balconies were all the rage, offering homeowners a blissful escape to enjoy a morning coffee or host an evening soiree. Yet, like everything else, they're not without their share of issues. Over time, weather and use can cause wear and tear, leading to safety concerns. Cracks, loose boards, unstable railings - all signs of a deck or balcony crying out for love and attention. In conclusion, homes built in the 1980s and 1990s offer a ton of charm, from their innovative designs to their appealing outdoor living spaces. But, it's a good idea to play detective while house hunting, keeping an eye out for signs of aging in things like the HVAC systems, roofing, and outdoor structures. With a keen eye and a bit of background knowledge, you might just score yourself a gem that needs just a little tender loving care to shine. Be prepared to invest in some updates, but know that the payoff could be well worth the effort! 2000s to Present Day Now, let's fast-forward to the 21st century, where we see houses from the 2000s to the present day. This era, often referred to as the "New Millennium," heralded in a fresh perspective on home design and functionality. The emphasis shifted towards energy efficiency, open-plan layouts, and smart home technology. Homes built during these years often feature large, inviting spaces that flow seamlessly from one area to another - perfect for entertaining or family gatherings. Think gourmet kitchens, spa-like bathrooms, and dedicated home offices. But remember, newer does not always mean better. As always, keep your detective hat on, because even these modern beauties can have their own set of challenges! Prepare to enter the era of connectivity, eco-friendliness, and modern design. Construction Quality - While these homes may be newer, and adhere to a stricter code, that doesn't necessarily make them better. Have you seen what a 2x4 looks like now vs in the early 1900s? Sure, the materials may be better quality and more efficient - but the home will still age. Watch out for signs of poor craftsmanship or inferior materials in any house you're considering. Lowering Building Costs - Homes today are built to maximize square footage while also lowering expensive material costs. If you look at the eaves of a newer home (the part of the roof that sticks out past the walls of the house, they are almost non-existent. This can lead to more water related problems along the foundation. Although the foundations are built much better than they used to, make sure the grading of the house keeps water flowing away from the home. I'm sure you've heard of "builder grade" materials - they are lower cost and often not as durable. You'll see carpet that needs replaced after a couple of years, etching (leaks in glass) in lower quality vinyl windows, MDF cabinets. The home may even be missing some charm like window frames. Aging Infrastructure - Be aware of the age of mechanical systems such as HVAC. If it is an early 2000s home, it may need the HVAC updated. The roof could be at the end of its life here as well. To sum up, 21st century homes have their pros and cons. While they offer modern designs, eco-friendly features, and enhanced connectivity, some may prioritize cost-cutting, affecting craftsmanship and material quality. Despite stricter building codes, it's not uncommon for newer houses to show signs of aging or face water-related issues. Stay vigilant about mechanical systems, especially in older homes. But hey, who can resist the appeal of a smart home? Just take a careful look before diving into modern living!   Conclusion And there you have it, my friends - a trip through time exploring the quirks and qualities of homes from different eras. Now, don't go getting cold feet on me! Just remember, every house - whether it's a charming 1920s bungalow or a slick 21st century smart home, has its own character and potential pitfalls. But, isn't that part of the adventure? After all, it wouldn't be called house 'hunting' if it wasn't a bit of an exciting chase. So, strap on those boots, put your detective's hat on, and happy home hunting!        

  Buying a home is a significant life decision that involves multiple steps, from searching for the perfect property to negotiating the price and navigating the paperwork. In this journey, a buyer's agent plays a crucial role as a trusted guide, advocate, and resource. But how a buyer's agent gets paid for their services is one of the most asked questions for new buyers. In this blog post, we'll dive into the intricacies of buyer's agent compensation in real estate transactions. The Role of a Buyer's Agent A buyer's agent is a licensed real estate professional who represents the interests of the homebuyer throughout the purchasing process. They help buyers identify suitable properties, provide market insights, negotiate offers, and facilitate the closing process. The goal of a buyer's agent is to ensure their clients find the right property at the best possible price and terms. Having an agent when you are buying a home is not necessary, but is incredibly helpful in navigating all of the aspects of buying a home. Compensation Structure Buyer's agents, like most real estate agents, work on a commission-based compensation structure. This means that they are paid a percentage of the final sale price of the property once the transaction is successfully completed. However, unlike the seller's agent, the buyer's compensation doesn't typically come from the party they represent. That doesn't necessarily mean you are free and clear of ALL broker fees as a buyer, but it does help mitigate your out of pocket expense to purchase a home. So Who Pays The Buyer's Agent? The commission paid to both the buyer's agent and the seller's agent typically comes from the proceeds of the sale, which are generated when the property is sold. Here's how it works: Seller's Agreement: When a homeowner decides to sell their property, they enter into a listing agreement with a seller's agent. This agreement outlines the terms, including the commission rate, which is typically a percentage of the final sale price. The total commission is usually split between the seller's agent and the buyer's agent. Co-Brokerage Agreement: The listing agreement also includes a provision for the co-brokerage agreement. This agreement dicitates the commission split between the seller's agent and the buyer's agent. The buyer's agent's share of the commission is agreed upon in advance and is part of the overall compensation structure. Closing Process: When the sale is successfully completed, and the buyer takes ownership of the property, the seller pays the agreed-upon commission to their agent. This commission is then divided between the seller's agent and the buyer's agent according to the terms outlined in the co-brokerage agreement. Buyer's Agreement: Some buyer's agents also have buyer broker agreement with their client. Unlike a seller's agreement, this is not something you HAVE to have. Sometimes this agreement outlines a minimum commission the buyer's agent will receive. If the seller is not offering that much, then it could be on the buyer to pay the difference. At the Kaizen Group we DO NOT have a buyer agreement with our buyers as we don't believe it is necessary to charge our clients any additional commissions to what is offered by the seller.  Document Fees: Many brokers have a document fee that they charge to the buyer that may be written as an additional commission. This will be noted on the purchase agreement, and may be a couple hundred dollars. This fee is to pay the back office workers that handle the paperwork involved in a transaction. Make sure to ask your agent if they charge a document fee or additional commission so you know before you put an offer on a home.  Benefits of the Commission System The commission-based compensation system aligns the interests of both the buyer's agent and the buyer. Buyer's agents are motivated to find the best property for their clients and negotiate the best possible deal since their compensation is directly tied to the sale price. This doesn't mean your agent is motivated to sell you the highest priced home either. There is no set commission offered to a buyer's agent, and a cheaper home may offer a higher percentage commission than a more expensive home. Your agent is your fiduciary, and should be acting on your behalf in the same regard they would act on their own.  Conclusion A buyer's agent is a valuable ally in the complex world of real estate, providing guidance, expertise, and negotiation skills to ensure a smooth home-buying process. Their compensation, while based on a commission system, is not directly borne by the buyer, but rather by the seller as part of the proceeds from the sale. Understanding how a buyer's agent gets paid can help buyers appreciate the level of dedication and commitment these professionals bring to the table as they guide buyers toward finding their dream home.

Buying and selling a home at the same time can feel overwhelming, right? It requires careful coordination and planning. But hey, don't worry! With proper preparation and knowledge, you can make this complex process smooth and successful. In this comprehensive blog post, we'll explore some practical tips and valuable tricks to help both buyers and sellers navigate the dynamic real estate market while efficiently managing their relocation. So whether you're searching for your dream home or looking to maximize the value of your property, we've got you covered! These insights will empower you to make informed decisions and achieve your goals with confidence. Ready to optimize your real estate journey? Let's dive in! Understanding whether you're in a buyer's or a seller's market is an essential first step. This type of market condition is determined by the supply and demand of homes. In a buyer's market, there are more homes for sale than there are buyers, giving buyers more power during negotiation. On the other hand, a seller's market occurs when there are more buyers than homes for sale, putting sellers in a stronger negotiation position. By recognizing these market dynamics, you can plan your strategy more effectively and set realistic expectations for both buying and selling outcomes. Determining whether you're in a buyer's or seller's market can be a crucial task. You've probably heard that it's currently a seller's market, but what does that truly mean? The key lies in gauging the depth of the market by assessing the number of months' worth of inventory available. Let's break it down: if there are 30 homes for sale in your market, with an average of 15 homes sold per month over the past six months, you have two months of inventory. Generally, a balanced market falls within the 5-7 months range. Interestingly, at the time of writing this blog post, most markets in Ohio had less than two months of inventory. To put that into perspective, back in 2009, we had nearly 12 months of inventory. In the current seller's market, let's focus on this aspect. In this type of market, it's expected that sellers will receive multiple offers and homes will sell above the listing price if they are priced and marketed correctly. When you're selling in a seller's market, you have the advantage, but when it comes to buying your next home, you lose that advantage. In this situation, it's crucial to present a strong offer. You'll be competing with other buyers, and including a contingency to sell your home first could be the deciding factor that causes you to lose out on a house. In this scenario, it's recommended to list your house first. You can include certain requirements or contingencies that allow you to have time to find your next home: ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0" value="1">List your home with the contingency that you need to find a home to move into. This allows you to accept an offer on the selling side and use that accepted offer to your advantage when making an offer on another home. You still have a home sale contingency in your written offer, but the seller can be assured that you already have a buyer lined up as soon as you find a home. If you don't find a home, then you don't sell. Many buyers will be willing to give you that time just to secure the house. ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0" value="2">Sell your home with a specified amount of time to remain in possession of the property. If timed correctly, this removes your home sale contingency when buying. Your home sale closes, you receive the funds, but you can continue living in the house for an agreed-upon period while you search for another home. The disadvantage here is that you may feel a bit rushed to find your next home, but it does provide you with more time than usual. ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0" value="3">Sell your home with an option to rent it back from the buyer for a specific period of time. This also removes the home sale contingency and gives you more time to find your next home. The rental rate is usually based on the buyer's mortgage loan costs. Depending on the terms of the rent-back period, you may need to obtain rental insurance as well. ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0" value="4">Consider utilizing a service like homeward.com. This service allows you to purchase your desired home and sell your current home later. They provide funding for your purchase (for a fee) and then allow you to sell your home directly to them or list it on the market. ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0" value="5">Another option is to explore a bridge loan. A bridge loan functions similarly to homeward.com, providing short-term financing until you sell your home and secure your mortgage. ol]:!pt-0 [&>ol]:!pb-0 [&>ul]:!pt-0 [&>ul]:!pb-0" value="6">If you have the means to do so, you can also choose to buy your next home first and list your current home afterwards. This means you would need to qualify for both mortgages and could potentially be responsible for paying on two mortgages if your home doesn't sell quickly. Each of these options has its own advantages and disadvantages, but they all provide an opportunity to transition into your next home without having to rent or rely on the hospitality of friends or family during the interim period. In a buyer's market, homes tend to stay on the market for longer, providing buyers with more negotiating power. They can expect discounts from the list price of properties that pique their interest. If you're selling your home in this scenario, it's crucial to set a competitive list price that appeals to the right buyers. As a buyer, you can take advantage of these market conditions to potentially secure reduced prices. Conversely, in a seller's market, you should approach your transaction as a buyer first. Although you should still list your home before buying, finding a home becomes easier. You can even make an offer with the contingency that your home sells first. While this may impact the value of your offer, you may not face competition for the desired home. Considering the current low inventory, whether rates rise or fall, the market will likely remain a seller's market for some time. The aging baby boomer population and the need for downsizing, along with millennials seeking starter homes, create a significant demand for affordable housing. However, constructing starter homes is no longer cost-efficient. Consequently, we anticipate a rise in condo construction to accommodate this demand. If you fall into this category of buyer, you may want to explore condo options. Regardless of whether you opt for a simultaneous home sale and purchase or a different type of transaction, conducting thorough research and meticulous preparation are vital for ensuring a seamless transition into your new home. By dedicating time to careful planning and considering every aspect, from financing options to property inspections, you can make the entire process much more manageable and increase the likelihood of a successful outcome.

*EDIT* This home is now SOLD. It received multiple offers on day ONE up to 7% over asking price. If you're looking to sell your home for top dollar, contact us here at the Kaizen Group! Are you looking for a new home in a peaceful and welcoming community? Look no further than 2933 Hudson Aurora Rd! This beautiful ranch-style house is the perfect blend of privacy and convenience, sitting on almost 2 acres of land and located in the highly desirable Hudson City School District. As you step inside, you'll be greeted by a spacious open floor plan, perfect for hosting gatherings with family and friends. The adjacent living areas provide plenty of room to entertain guests, while the cozy living room offers a comfortable space to relax and unwind. With three bedrooms and three bathrooms, this home offers ample space for you and your family to rest and rejuvenate. One of the highlights of this property is the potential for customization. With 1.8 acres of land, there is plenty of room to create your dream outdoor space, whether that's a vegetable garden, a playground for the kids, or a peaceful retreat for yourself. The possibilities are endless! But it's not just the property itself that makes this listing so appealing. The location is perfect for those who want to enjoy the best of both worlds - the peace and quiet of country living, with the convenience of being just a short drive from the city. Hudson is a charming town with a strong sense of community, and the City School District is one of the top-rated in the state. You'll feel right at home in no time. And let's not forget about the price - at just $275,000, this listing offers an incredible value for all the features and benefits it provides. Whether you're a first-time homebuyer or looking to upgrade to a larger space, this home has everything you need to make it your own. In summary, 2933 Hudson Aurora Rd is a must-see for anyone looking for a new home in the Hudson area. With its spacious living areas, three bedrooms and three bathrooms, and almost 2 acres of land, this property offers plenty of room to grow and customize. And with its ideal location in the highly desirable Hudson City School District, you'll enjoy all the benefits of small-town living with the convenience of being just a short drive from the city. Don't miss out on this incredible opportunity - schedule a viewing today and see for yourself what makes this home so special!