In essence, the amount of equity homeowners have today positions them to be in a much better place than they were in 2008. And on a very local level, part of what happened in Dayton was in a large part due to the major employers shutting down or moving out of the area. GM shut down, NCR moved its headquarters- the impact of low equity and foreclosures and major employers moving out was more than the region could absorb.
A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy, but…
So here we are with an accepted contract! At this point, you step back and take a hard look at the home. Get a home inspection, hire a professional to look at the nuts and bolts and check to see that the plumbing isn’t leaking, the HVAC system works, the attic isn’t full of critters and the crawl space isn’t full of mold.
Again, it’s important to remember that both parties ultimately want the same goal. The seller wants to sell, and you want to buy. There are many ways to get there, we simply have to figure it out, and we usually do.
One of the perks of living in Dayton is home prices that are the envy of the rest of the country, but buying a lower priced home isn’t always as easy as you might think. But never fear- you do have some options, and I’m here to share them with you!
All the planning and research you’ve done in the first 3 steps is about to pay off as you are now prepared to go looking at houses. Armed with your list of needs and wants, we head out to explore the homes and indulge in some dreaming. I will set up a personalized search in the Dayton Area Board of Realtors Multiple Listing Service ( just ask) so only the homes that meet your needs get sent directly to your inbox. We can discuss the
pros and cons of each home.