Terry Hochscheid, United Real Estate Home Connections

Terry Hochscheid, United Real Estate Home Connections 4% Commission, 100% Commitment

08/07/2023

Market Recap for June 2023

Single family units sold was down 19% from June 2022.

Both Avg and Median Price is up 4-5% from June 2022

Both Active Inventory and New Listings are down from June 2022 from 15-22%

All in all, if you're in the market to either buy or sell, it is a good time to really make sure you're making the move that's right for you.

For buyers - Inventory is sitting longer allowing buyers to not have to make risky offers to get into a home unlike 2021-2022.

For sellers - While homes are still sitting longer, prices are staying strong. It's still a good time to capitalize on the equity in your home if you're in the market to sell.

Regardless of your real estate needs, having a professional by your side is what you need to ensure you are making the right move.

Call, Email or message me on FB to set up a time to discuss what is best for you.

January 2023 Greater Cincinnati Real Estate update.Key Takeaways here. Homes might still be higher in price than buyers...
03/23/2023

January 2023 Greater Cincinnati Real Estate update.

Key Takeaways here. Homes might still be higher in price than buyers would like to see, but that doesn't mean you won't get a deal in the market.

Units Sold, New Listings, New Pendings are all down YoY.

Prices are up YoY but only slightly. 5% on avg.

Avg Days on Market are way up YoY.

If you're a buyer, interest rates may be up, but the market is leaning in your favor compared to 2022 and 2021.

If you're a seller, it's time to take a realistic look at your goals when it comes to selling your home. 20K over ask with 25 offers in one day may not be what you'll see now.

The below is for Single Family and Condo.

1) The number of units sold for January 2023 is down -29.67% compared to January 2022.

2) The average sales price for January 2023 is up +5.13% compared to January 2022.

3) The median sales price for January 2023 is up +5.50% compared to January 2022.

4) The inventory for January 2023 is up +19.26 compared to January 2022.

5) New listings for January 2023 are down -17.84% compared to January 2022.

6) Pending sales for January 2023 are down -27.23% compared to January 2022.

7) The average DOM for January 2023 is up +47.37% compared to January 2022.

If you're in the market to either buy your first home, a newer home or sell your existing home, let's talk.

03/07/2023

Are you a Military Veteran looking to utilize your VA Home Loan Benefits?

Check out the below information regarding your VA Home Loan Benefits.

- No downpayment required
(*Note: Lenders may require downpayments for some borrowers using the VA home loan guaranty, but VA does not require a downpayment)
- Competitively low interest rates
- Limited closing costs
- No need for Private Mortgage Insurance (PMI)
The VA home loan is a lifetime benefit: you can use the guaranty multiple times

If you're in the market to purchase a home and qualify for the VA Home Loan, let's talk.

03/06/2023

After 14 years in the Ohio Army National Guard, I'm getting out of the Military and committed to serving those who are actively serving their country and community as well as those who have separated from the Military.

If you are a Military Veteran looking to use your VA Home Loan, send me a message and let's chat about the incredible home loan benefits you've earned!

This map is exactly one year ago today for 30 year fixed rate avg mortgage rates in the United States.Stunning to see fo...
03/06/2023

This map is exactly one year ago today for 30 year fixed rate avg mortgage rates in the United States.

Stunning to see for sure, and you may be unable to purchase the same home today you could have one year ago.

That being said, homes are sitting on the market longer than they were a year ago (not by much, but they are) and there are deals still to be found

Interested in purchasing a home? - let's set up a meeting to discuss your options and best route to take.

Interested in selling an existing home? - My guess is you bought your home more than 7 years ago because it's been a while since interest rates were near 7%. Either way, let's set up a time to outline the best path on selling your home in an upcoming spring market.

Knowledge in the market is power folks, and that knowledge will help you get the best deal for you and your family regardless of whether you are buying or selling.

Dec 2022 Real Estate Facts for Greater Cincinnati. There is a lot of very useful information that you could utilize as ...
02/24/2023

Dec 2022 Real Estate Facts for Greater Cincinnati. There is a lot of very useful information that you could utilize as we prepare to enter the Spring Market when things get crazy!

To end 2022 and start 2023, trends are pointing towards a swing to a buyers market, but not for a few years to truly balance the market. While still very much a seller's market, buyers can and will find really great deals in today's market and not get caught in the whirlwind of having to offer 20K over ask on every single home and still loss out.

1) Single Family and Condo – Units Sold – shows the number of Single Family and Condo closed sales in the MLS. The number of units sold for December 2022 is down -28.69% compared to December 2021.

2) Single Family and Condo - Average Price– shows the average price of Single Family and Condo closings in the MLS. The average sales price for December 2022 is up +4.86% compared to December 2021.

3) Single Family and Condo - Median Price– shows the median price of Single Family and Condo closings in the MLS. The median sales price for December 2022 is up +4.35% compared to December 2021.

4) Residential - Active Inventory – snapshot of the active inventory on the 1st business day of each month. The inventory for December 2022 is up +10.16 compared to December 2021.

5) Single Family and Condo - New Listings – shows the # of new listings entered into MLS for a given month, no matter the current status. New listings for December 2022 are down -16.76% compared to December 2021.

6) Single Family and Condo - New Pendings – shows the number of Single Family and Condo new pending sales reported in the MLS, no matter the current status. Pending sales for December 2022 are down -24.35% compared to December 2021.

7) Single Family and Condo - Average Days on Market (DOM) – shows the average DOM of Single Family and Condo closings in the MLS. The average DOM is computed against the current list date of the property to when it changed to the pending status. It does not take into account if the property was previously listed. The average DOM for December 2022 is up +23.53% compared to December 2021.

8) Single Family and Condo - New Pendings vs Back on Market (BOM) – shows the number of Single Family and Condo new pending sales reported in the MLS and the number of listings that went BOM.

9) Single Family and Condo - Month’s Supply – shows the Single Family and Condo month’s supply of inventory by dividing the inventory by the # of closings. The December 2022 month’s supply is 1.16 months compared to .70 months for December 2021. 5–6 month’s supply represents a balanced market between buyers and sellers. Over 6 is a buyer’s market; fewer than 5.5 is a seller’s market.

As always, if you're in the market to buy or sell and want to have the conversation as to how to approach the spring market, let's talk.

Been a while since I've left some real estate stats for those looking to dive into today's market.While interest rates h...
05/24/2022

Been a while since I've left some real estate stats for those looking to dive into today's market.

While interest rates have increased and buying power has decreased, we are still very much in a sellers market.

That said, active inventory is up as of April 2022 with inventory still averaging less than 20 days on the market.

Regardless of your situation, I'm happy to assist buyers and sellers in any capacity.

Interior images for 42 Flats being built in Lebanon.Premier Luxury Community in Lebanon that will offer amenities that y...
11/17/2021

Interior images for 42 Flats being built in Lebanon.

Premier Luxury Community in Lebanon that will offer amenities that you will not find in any other luxury communities.

Interested in learning more?

Let's talk.

42 Flats is a Premier Townhome Community in Lebanon that is set to start taking occupancy in April 2022.If you are in th...
11/17/2021

42 Flats is a Premier Townhome Community in Lebanon that is set to start taking occupancy in April 2022.

If you are in the market for a luxury townhome in a premier community, this is it.

463 Columbus Ave, Lebanon, OH

- 2 and 3 Bedroom units available
- Yearly Rent Lottery - December rent free for one randomly chosen unit per year.
- High End Finishes throughout.
- BBQ and other Events hosted by Management throughout the year.
- State of the Art Fitness Facility
- Pets allowed up to 25 lbs

And so much more to come!

The best part!

First three months rent free for anyone moved in by April 2022! Details outlined during application process.

If moved in after April or units not available for April move in date, you can still qualify for 1-3 months free rent depending on length of lease.

If interested or know someone who may be, send me a message and let's discuss.

Congratulations to my sellers and buyers on their closings yesterday. This may have been one of the more challenging clo...
10/23/2021

Congratulations to my sellers and buyers on their closings yesterday.

This may have been one of the more challenging closings we've had with no fault at all to my amazing clients, but we got it done and everyone is able to move on to the next chapter in their lives.

10/05/2021

Shopping local doesn't have to just mean retail. When you are searching for a home to purchase, a local Loan Officer in your community is far more likely to get a deal done on time and not tack on extra fees at closing to cover their corporations overhead.

Just a thought to consider. Even for special financing such as VA or USDA loans, a local lender that can handle the loans and offer the programs will be far more beneficial in your home buying journey than someone who lives across the country.

09/17/2021

Potential Home Sellers.

Zillow may be tempting to go when it comes to selling because they do make a competitive offer and takes all the BS out of selling your home through the MLS......

HOWEVER

- They give you essentially what you would list your home at or even less than what you could list at through the MLS or FSBO.

- They charge a Service Fee of 11% which includes the 3% buyers agent fee they pay when THEY SELL THE HOME. Essentially your paying a buyers agent fee and it isn't even for the people buying your home from you. Rather it's for the peoples agent who buy the house from Zillow.

INSTEAD

- You could list your home at the same price they offer you or more and most likely in this market sell it for over asking price and net far more. Even if you sell under ask or right at list price, you will net THOUSANDS MORE than selling to Zillow.

Yes it takes all the headaches away from selling your home in a traditional manner through an agent. But you are also giving us a significant amount more than paying a 4.5-6% Realtor Fee as typically occurs.

However if you own your house outright or just don't care about making an extra 10-40K or more on the sale of your home and just want an easy and seamless process, that may be the best route to take.

FSBO is always an option too.

Just some food for thought in this wild market.

Address

Cincinnati, OH
45249

Telephone

+15132382909

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