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  • Foreclosure Effects In Cincinnati & Dayton Ohio – What Sellers Need To Know

    foreclosure effects in Cincinnati & DaytonForeclosure is a nightmare to any family going through it irrespective of the reasons why they are about to lose their home. Today we are going to look at the foreclosures effects in Cincinnati & Dayton Ohio and what local house sellers need to know. First we will look at the effects and the ways of easing them.

    Foreclosure Effects in Cincinnati & Dayton Ohio to Sellers

    • Loss of your home – Pretty self-explanatory here. The major end result of a foreclosure in OH is of course the loss of the home to the bank.
    • Decrease in Your Credit Rating – Your credit rating will be lowered by the foreclosure. How much? It depends on how high your current credit score is… but the higher your current credit score… the more your score will drop after a foreclosure. If you have a credit score of 680 or higher… you may see a drop of 100+ points.
    • Depression and Stress – Your mental health is at stake because of the high pressure situation. Going through a foreclosure is emotionally exhausting and frustrating to say the least.
    • House Values In Your Community – Another one of the big foreclosure effects in Cincinnati & Dayton OH is that they tend to lower the overall value of the houses in your neighborhood… especially if there are multiple foreclosures in the immediate area.

    How You Can Ease The Effects Of Foreclosure In Cincinnati & Dayton

    For the well being of you and your family, you need to mitigate the effects of foreclosure as much as you can. The process can be frustrating and time consuming, but there are people who can help you navigate your different options in the process.

    First…

    1. Call your bank and work with them:  Most banks are very willing and ready to work with you… if you can show that with their help you can get back on track and save your house.  Or, if you just want out of the house but you owe more on the house than it’s worth… see if the bank has any programs to lower the mortgage burden so you can get out from underneath it without it going through an expensive foreclosure.
    2. Talk with a local real estate expert, like Ohio Cash Buyers LLC: We know the local Cincinnati & Dayton real estate market well and are very experienced in the foreclosure process here in OH.  Give us a call at and we can guide you toward the resources that can possibly help you.
    3. Sell your house: If you’d rather find a way to sell your house and avoid the foreclosure all together, great! We buy local Cincinnati & Dayton houses for cash… and would love to look at your situation and make you a fair all-cash offer on your house.  Just call us at or shoot us your details through this website. 

    With the above knowledge on foreclosure effects in Cincinnati & Dayton – what sellers need to know, you can guard yourself by calling Ohio Cash Buyers LLC at

    and we shall assist you in the shortest time possible to sell your house. However, to fast track the process, kindly fill out our website contact form to give us more information about you. We’d love to connect with you and help you find the best solution!

  • 5 Things You Should Know About Inheriting a Property in Cincinnati & Dayton

    5 Things You Should Know About Inheriting a Property in Cincinnati & Dayton

    How exciting! You’ve inherited a house!

    But wait, not so fast. 

    Without giving it much thought, many consider inheriting a house a windfall. However, the reality is that you may be inheriting a sinking ship that you’ll be responsible for, whether you can afford it or not. So while the best intentions may have motivated the inheritance of a property in Cincinnati & Dayton, it isn’t always financially beneficial. Often, properties left in wills are older and not in prime condition as the storms of time constantly batter structural features such as foundations and roofs and wear out appliances and systems in the home, like the HVAC. 

    In addition to the stress of handling the problems your benefactor may have left behind for you to clean up, including going through their belongings and cleaning out the property, you may be dealing with emotional strains as well. In many cases, there are multiple heirs, and emotions may rule their actions at this time, which only adds to the stress when you’re dealing with matters of such import.

    Read on as we explore five things you should know about inheriting a property in Cincinnati & Dayton.

    Debt

    Regrettably, many people inherit a great deal of debt along with inheriting a property in Cincinnati & Dayton from unpaid taxes to liens and multiple mortgages on the property. In addition, primary lien holders, such as equity lines of credit and federal tax liens, will receive payment first if selling the property. Therefore, assessing where you stand with any debtors, such as contracted workers holding mechanics liens against the property for improvements, judgment liens, and the mortgage, is the first step in dealing with your inheritance. 

    Taxes

    While inheriting a property in Cincinnati & Dayton doesn’t necessarily trigger more tax liability, you should know that your decisions about what you do with the property very well may. Should you make improvements, you can write these expenses off. There are also property taxes to consider; if they aren’t a part of an existing mortgage payment, be sure to familiarize yourself with any deadlines. Inherited property is subject to a step-up-basis adjustment in the value of the property upon which your capital gains taxes on any growth moving forward are based. 

    Maintenance Costs

    As houses age, maintenance costs are typically higher for older homes, as they are more susceptible to failure. Allowing routine maintenance to go unperformed can quickly escalate into significant issues. In addition, some homes have features that have become obsolete and require specialized knowledge for proper care. Hence, it’s better to call in an expert for unfamiliar equipment, which is vital to know about inheriting a property in Cincinnati & Dayton. 

    Repairs 

    Calls to repair specialists for more significant issues also increase as properties age, and this is another thing you should know about inheriting a property in Cincinnati & Dayton. Before deciding to take the house on as your own, you should have a professional inspection and estimates from at least three professionals, allowing you to see just what you’re up against if you hold onto the property. Often, when opening up a section of the house for one repair, other issues come to light, much like a domino effect, so keep extra funds on hand to cover unexpected expenses during the repair process. Remember, too, to request an estimate of the time you’ll be holding onto the property until it’s ready to be lived in or sold.

    Listing Costs

    A listing on the MLS isn’t an inexpensive venture between prepping, repairs, professional photographers, marketing, and showings, not to mention the inspections, real estate commissions, and closing costs. Real estate agents can’t provide a closing date, however, so another thing you should know about inheriting a property in Cincinnati & Dayton, you may end up waiting months for the phone to ring. 

    Or, you could avoid all of the expenses and contact a professional investor like the experts at Ohio Cash Buyers LLC, who will make you a cash offer for your house as-is. The professionals at Ohio Cash Buyers LLC will walk heirs through the process step by step, making this time a little easier on you. In addition, professional investors like those at Ohio Cash Buyers LLC offer guaranteed closing dates. At Ohio Cash Buyers LLC, we lay it all out on the table and compare what you’d profit from listing vs. selling directly, so you can make the best decision with your inheritance for your situation. We stop everything and take the time to listen at Ohio Cash Buyers LLC, answering any questions; our pros can help you overcome any hurdles you may feel stand in the way. Working with an expert like the professional investors at Ohio Cash Buyers LLC can help you learn more about your options if you decide it’s best to sell the property. It’s comforting to know experienced professionals will work with you as a guide like the professional investors at Ohio Cash Buyers LLC will. Contact Ohio Cash Buyers LLC at

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  • Who are the cash house buyers in Cincinnati & Dayton Ohio?

    who are the cash for houses in Cincinnati & Dayton OH
    Who are those “cash for houses in Cincinnati & Dayton” guys anyway? This article walks you through finding cash buyers here locally…
    You’ve seen the “we buy houses in Cincinnati & Dayton” and “cash for houses” signs all around town when you’re driving around… even in other cities across OH… so who are these cash house buyers in Cincinnati & Dayton Ohio?  Are they legit? How does it work?  Who should I trust?

    We’ll dive into these questions here in this article… and don’t be afraid if you have other questions to hit us up on our Contact page or comment at the bottom of this article anytime as well!

    Selling Fast: Who Are The Cash House Buyers in Cincinnati & Dayton Ohio?

    Selling your home in today’s real estate market, isn’t always the easiest thing to do.

    If you need to sell fast due to divorce, job loss, pressures of relocation, or any other of life’s tribulations, this process can be especially formidable.

    Luckily, there are ways for you as a local Cincinnati & Dayton house seller to win! Selling to a cash house buyer can get you the cash that you need fast, while also taking your property off your hands so you can move on with your life.

    Usually it will also relieve any pressures of repairs so you can sell your Cincinnati & Dayton Ohio home as-is. Selling your house to the perfect cash buyer can be a quick and easy process.

    First ask yourself, Who are the cash house buyers in Cincinnati & Dayton Ohio?

    Cash buyers will usually be investors (some locally based, like us here at Ohio Cash Buyers LLC… and some based out of town) whose goal is to create win-win situations and help homeowners like yourself.

    Quick Tips to Remember When Looking For A Reputable Local Cincinnati & Dayton Cash House Buyer

    • Price it right
    • Be honest
    • Be flexible

    Price it right – When selling to a cash house buyer in Cincinnati & Dayton, keep in mind that they’re buying with cash, instead of using bank financing… and they can close very quickly.  We can buy your house in as little as 7 days from today if you wanted to sell that quickly… rather than waiting 30 days to 9 months to sell your house the traditional “listing agent” route. This means that a professional house buyer won’t be able to pay as much as a retail buyer (someone living in the house) would.

    This also means that you’re getting a quick/ hassle free sale and cash in your pocket so you can move on with your life! Check out this article on pricing your home to sell.  So don’t go into the process with expectations of getting the same price on a quick cash sale that closes in a matter of days or weeks that you’d get with an agent listing your house to find the ideal retail buyer for months and months and months.

    Also consider in your pricing the fact that local cash home buyers like us here at Ohio Cash Buyers LLC don’t charge any fees or commissions.  So consider that a savings right there!

    Be honest – Always tell the truth when giving descriptions of repairs and values. An experienced cash buyer will do their homework, so tarnishing a relationship and potentially hindering a sale in the name of saving a few bucks, is never worth it. Just be honest with your buyer and they will work with you.

    Be flexible – Cash house buyers in Cincinnati & Dayton can often come up with creative solutions to your problems. Be flexible, and willing to share and listen to make the best of your situation.

    Sometimes after talking to many local Cincinnati & Dayton area house sellers we’ll find out that there are other options that make a lot more sense for them… rather than us buying their house. So, be flexible coming in and we’ll let you know what we feel are the best options for your situation. If it means us buying your house in a win-win transaction… great!  If it means you selling your house another way (or even finding a way to stay in your house)… great!

    All we care is that you’re taken care of in the process. That’s how we win so many long-term fans of Ohio Cash Buyers LLC who end up referring their friends and family our way when they need to sell their Cincinnati & Dayton area houses fast too.

    The bottom line is, regardless of how daunting the task of selling your home may appear, sometimes all it takes is finding out who are the best cash house buyers in Cincinnati & Dayton Ohio.

    Start Here: If you need to sell your Cincinnati & Dayton Ohio area house fast, give us a call at OR fill out this simple Fast Cash Offer Form >>