Sibcy Cline Super Open House Weekend – March 17-18, 2018

FBAd_1200_628_March2018_Super.jpgSibcy Cline agents are holding a Sibcy Cline Super Open House Weekend on March 17-18, 2018. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

It’s a great time to sell and buy a home! Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs.

Tips to Help You Prepare Financially to Buy a Home

House_Money.jpgWith the spring home-shopping season right around the corner, potential buyers are encouraged to begin preparing their finances. Working with a real estate professional will provide the proper guidance for home buyers to be prepared at to what is expected during the buying process (especially with a competitive seller’s market).

Homeownership is a dream shared by millions of Americans, but it’s not always easy for those with little or no experience in buying a home. One of the most important aspects of readiness for homeownership is having the money to support that home purchase.

Where to Begin
It is important for potential home buyers to eliminate as much debt as possible prior to buying a home. The debt-to-income ratio is often the biggest issue a lender will look at because would-be borrowers are about to add hundreds of thousands of dollars to their obligations. Generally speaking, home buyers should pay no more than 28 percent of their gross monthly incomes for their mortgage bills, and if a big chunk of that income is already going to other debts, lenders are unlikely to approve an application.

Hopeful buyers should also determine just “how much house” they can afford based on available properties in their areas. A buyer’s real estate agent or mortgage loan officer can provide that information.

Laying the Groundwork
Once the research and financial analysis has been completed, it’s time to think about credit standings and ability to make a sizable down payment. These two issues often go hand-in-hand with debt-to-income ratios because less debt means more money can go into savings as credit scores naturally start to rise. Usually the larger the down payment, the better the mortgage deals home buyers are likely to get, both in terms of getting approval on an application and lowering the ongoing costs associated with a home loan (i.e. lower interest rates and no requirement for mortgage insurance).

In addition, home shoppers will have to start putting together all their necessary financial documents that are typically associated with the mortgage process. These include pay stubs and bank statements – to prove income and savings – as well as tax returns for at least the past few years and other supporting documentation that lenders will use to verify claims made on a mortgage application.

It’s strongly encouraged for would-be buyers to get pre-approval on their mortgages, rather than house hunting first because that will help them expedite the bidding process

Need to be pre-approved for a mortgage loan? Contact Sibcy Cline Mortgage Services.

Brought to you by HMS Home Warranty. HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click

Have Student Loans? Yes, You Can Buy a Home!

Letter A, Report Card, Test Results.Thought about buying a home but are fearful that student loans will cause a problem with obtaining a mortgage? There is good news for you: Freddie Mac and Fannie Mae have loosened up 2018 guidelines on qualifying for conventional mortgages with student loans.

If you did not qualify for a mortgage in prior years, you may be able to qualify now with your income-based repayment schedule for your student loans.

Contact Sibcy Cline Mortgage Services to get pre-qualified today!

Cincinnati Citirama 2018 to be Located in the West End near Music Hall

ClarkStreetMapThe Home Builders Association of Greater Cincinnati announced its site selection for Citirama 2018 – in the West End on Clark Street (near Music Hall). Fifty four single-family detached homes are slated to be constructed. Fifteen lots will be part of the home show with home prices ranging from $250,000-$400,000. Citirama is scheduled to run from September 8-16, 2018.

Homes will qualify for the City of Cincinnati Tax Abatement program (10-year, 100% abatement on the improvements and longer for LEED Certified and “visitable” homes.)

Home Buyers Could Find Their Dream Home in the Fall

House_Scarf_FallBackground.jpgThough some home buyers may be frustrated they didn’t find the perfect home this summer thanks to the intense competition for purchasing homes – they shouldn’t be discouraged. As some home shoppers leave the market in the fall, the odds that those who remain will find a dream home increases.

The least expensive months to buy a home are actually in the fall, according to the National Association of Realtors. In October buyers could pay about 2.7 percent below the market value of a property often because of how many would-be buyers have dropped out of the market by then. Likewise, people who are looking to sell and whose homes have been on the market a bit longer than expected, are more willing to get a deal done once autumn arrives.

Buy That Home!
Just like the summer market, it’s vital home buyers make sure they’re ready to make an offer as soon as they find a home they like. While the market is generally less busy in fall, today’s market conditions mean shoppers can still expect busy open houses and multiple bids. Having the ability to spring into action as soon as possible remains vital to finding a home before winter arrives.

Home shoppers need to stay in contact with their real estate agents throughout the home-buying process so they can make the most informed decisions based on how local markets are moving as the fall stretches on.

Brought to you by HMS Home Warranty. HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click

Sibcy Cline Super Open House is October 14 and 15, 2017

SibcyClineSuperOpenHouseSibcy Cline’s agents are hosting a company-wide Super Open House Weekend on October 14-15, 2017. There will be many open houses throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Bye/Buy Weekend!
Are you glued to the television watching football on Sundays? No worries – it’s a “bye” for Bengals football  that weekend – and a will be a great time to look at homes and possibly buy one.

Mortgage rates are still low and home values are on the rise.

Look at open houses.


Current Home Owners have Plenty to Gain from Selling Now

red home sign on hundred dollar bills. Real Estate business ConcWith the current real estate situation, prices have reached record highs in many markets. Despite this trend many homeowners are still on the sidelines of the housing market and are hesitant to put their properties up for sale regardless of the incentives to do so. This might be particularly true for owners who bought in the past 10 years, when prices were above the pre-recession and historical norms. However, today’s market conditions could make now the perfect time to sell.

Housing Market 2017
Perhaps the biggest story in the housing market in 2017 has been the massive demand to buy homes and the relatively limited inventory of properties they can actually purchase. In comparison to the market five years ago, there are now 20 percent fewer homes up for sale nationwide4.

Digging into the Numbers
The reason for this trend is clear enough to industry observers: Buyer demand is so great that when any home is put up for sale, owners are likely to find significant enough interest – typically from multiple bidders – that they can get through the real estate sales process quickly and easily. Today fewer than half of all homes for sale are still available within two months of being listed.

Different Situations
Why aren’t more homeowners eager to get into the market and earn a significant return on their home investments thanks to today’s high prices?

Some people may be worried about how much they would have to pay for a new home after selling their own. Others may be waiting for competition to ease so they don’t have to go through the bidding process to get a new home once their old home has sold. Others are just afraid to list before they find something they like.

Further compounding the inventory issue is the fact that home builders aren’t able to put up new houses quickly enough to meet demand in most parts of the country.

When Sellers become Buyers
The good news for prospective sellers is in the busier markets, the selling process has been so accelerated, everything happens in less than a week. For example, a listing can go up on a Thursday or Friday, with an open house scheduled for that weekend, and multiple bids may come in by Monday. That’s a four-day turnaround, and a lot of homes go from not even being listed to under contract within five.

That could encourage current owners on the fence about getting into the market themselves, though that means if they do shop around, they will need to have contingency plans in place for getting their own homes listed and under contract quickly.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click