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The Debate Over Electronic Lockboxes Continues…

How do YOU feel about the subject?  CLICK HERE TO TAKE 3 QUESTION SURVEY

 

Well, if you’ve been a client of mine – you know that I SUPPORT the use of Electronic Lockboxes…and you know the many reasons why.

1) Accountability as to who / when someone has been to your house and used the lockbox (this is the best tool for Sellers who are otherwise unsure that an Agent showed up for their showing…see Reason #2) as the lockbox automatically logs the activity from the designated user when they access the key through the box. (more…)

Everyone Wants a Deal – Could a Foreclosure be Your Answer?

Below is a clip from the article…good information to keep in mind when looking to pickup that “bargain” home!

 

“Four Warning Signs to Watch for When Buying a Foreclosure”

Matthew Frankel  Source: Respres.

Over the past several years, many people have gotten great deals on homes because of foreclosures. While the inventory of foreclosed homes in the market is not nearly what it was a few years ago, there are still many to be found. In fact, in some areas, the foreclosures from the 2008-2010 period are just now making their way through the court system and appearing on the market.

In the right situation, a foreclosure can be an excellent way to obtain your dream home at a much better price than you would expect.  Buying foreclosures can also be an great way to acquire investment properties, as many foreclosures are duplexes, triplexes, and smaller single-family homes that can become lucrative rentals.

Even though foreclosed homes can be a good deal, they definitely carry their own issues and risks that buyers need to be aware of. Let’s break down a few of these and see if they should affect your decision on whether to buy the property or not.

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Dayton Region Ambassador

Born and raised here – there are MANY things about the Dayton Communities that I know about first-hand and LOVE!  That is the reason why I wanted to take the continuing education courses offered by the DABR and for the right to earn the designation of “Dayton Region Ambassador.”  I want to be the person you call with questions about what our area has to offer…so I’ve compiled some of the highlights from the class to share with you here: (more…)

Apartment Vacancies are Indication of Growth

Or Growth Potential!! Check out this article posted by the Downtown Dayton Partnership:

Downtown Has Region’s Lowest Apartment Vacancy Rate
Downtown Dayton was one of the few markets in the region where apartment vacancy decreased or stayed the same, according to the recently releasedMiller-Valentine GEM 2013 Dayton Regional Apartment Market Study.

The study sampled 347 apartment developments in the Dayton region. The downtown market had the region’s lowest vacancy at 2.37 percent, the same rate reported in the 2012 study. This rate reflects DDP research, which for several years has shown high occupancy rates in both rental apartments and owner-occupied properties. Due to the popularity of downtown living, increasing housing options remains an important strategy in the Greater Downtown Dayton Plan.

It Takes Thinking Outside the Box

Personally, whenever there is a dilemma, a situation that just seems to overwhelm the current situation, I find that “thinking outside the box” is a good way to step back and get a better perspective as to the real issue and find a resourceful way to solve things.  This article in the Cleveland Plain Dealer has some excellent points that the Cleveland area is using to solve vacant home, foreclosure and abandoned homes…

Here are a few clips from the article I think should resonate for other areas:

“A challenge of that magnitude requires a diverse response that combines strategic use of limited demolition dollars as well as innovative rehab…

Other successful land bank initiatives include the Owner Occupant Buyer Advantage Program, which has put handy homeowners willing to invest sweat equity into about 150 properties, according to Frangos.

There will never be enough demolition dollars to raze every abandoned property — nor should that be the goal. Luring private investments with creative approaches, as the loft-conversion project aims to do, is one way to make an impact in blighted neighborhoods.”

Click Here for FULL ARTICLE