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  • How To Sell Your House With Liens or Tax Problems In Cincinnati & Dayton

    How To Sell Your House With Liens or Tax Problems In Cincinnati & Dayton Are you burdened with property liens or tax problems in Cincinnati & Dayton? You don’t have to feel stuck. Learn how to sell your house with liens or tax burdens in our latest post.

    As a homeowner in Cincinnati & Dayton, it can feel impossible to sell your house with liens or tax problems. If you don’t have the cash to pay off the debt, you could be stuck with the property for much longer than you would like, driving you even further into debt. In the post, you will learn more about property liens along what you can do to sell your house no matter what you are up against.

    What Is A Lien?

    Per Investopedia, “A property lien is a legal claim on assets which allows the holder to obtain access to the property if debts are not paid. A property lien must be filed and approved by a county records office or state agency. It is then delivered to the property holder with specific terms notifying them that action has been taken to repossess a piece of property.”

    In the case of real estate, your lender may place a lien on the house if you are not paying your mortgage in a timely manner. Homeowners can also be hit with a mechanic’s lien or a judgment lien when work is performed on the property without any payment ever received. If the homeowner isn’t able to pay off the lien, the issuing party has the ability to foreclose on the property. By placing a lien on the property, the creditor stops your ability to sell the house until the debt has been repaid in full.

    Sell Directly To Ohio Cash Buyers LLC

    With a direct sale of your house to Ohio Cash Buyers LLC, you will be able to leave the liens and tax problems behind. You won’t have to find the money to pay off liens or to pay off your back taxes. We will handle all of the debts, while quickly and efficiently buying your property for an excellent price. All of the hassles and headaches could be over in only a matter of days, allowing you to sell your house with liens or tax problems fast in Cincinnati & Dayton!

    Create A Repayment Plan

    While paying off everything you owe all in one shot can feel overwhelming, many creditors will work with you to create a payment plan to help you pay off your debt. Before you feel too defeated, reach out to the creditor to try to work something out. Ultimately, their goal is simply to collect what they are owed. Making an effort will help your creditors more forgiving and willing to work with you. Once the liens are lifted from the property, you will be able to sell your house, but this can take a considerable amount of time depending on how much debt you are in. When working to pay off the debt, it could mean that you end up holding onto your house for longer than you wanted to. Once your debt is repaid, you will be able to move ahead with the sale of the property, but you may miss out on some great opportunities while you wait.

    Dispute The Lien

    If a lien has been issued against your property that you disagree with, not all hope is lost. You have the ability to dispute the lien so long as you have a strong rebuttal. You’ll need to have supporting documentation and a valid case against the creditor. To strengthen your case, you’ll want to start fighting the lien as soon as it is placed against your home, if not before. Ultimately, you want to do all you can to make sure a lien isn’t placed on your property in the first place. Typically, there are a number of requirements a creditor must meet before issuing a lien, so keep in mind, they have already done their homework on what they are rightfully owed.

    If you are disputing a lien based on poor performance by your contractor, keep detailed records of what you were promised, what you received, and all of the money you spent to fix the errors. Be sure to include inspection records, dates, and photos with your other evidence.

    Consequences of Not Resolving Your Liens and Tax Problems

    Ultimately, if certain liens go unresolved you run the risk of losing your home. When liens go unpaid, the creditor has the ability to foreclose, assuming ownership of the property themselves. If you have a lien on your house or if you have problems paying the property taxes, you will want to take action right away. Reach out to your creditors to resolve the situation, or work with the team at Ohio Cash Buyers LLC to sell your house right away.

    At Ohio Cash Buyers LLC, we can help you finally sell your house with liens or tax problems in Cincinnati & Dayton! Reach out to us today for more information!

  • How To Sell A House in Cincinnati & Dayton Without Sinking Any Money Into It

    Sell A House in Cincinnati & Dayton Without Sinking Any Money Into It

    Are you tired of owning a property that you don’t want or can’t afford? Putting it on the MLS can be expensive and take up more time than you care to spend. In our latest post, we can help you learn how to sell a house in Cincinnati & Dayton without sinking any money into it in less time than you may think!

    When most people go to sell a house, the first thing they do is search the internet or ask a friend to recommend a good agent. While some agents are great and worth their weight in gold, this isn’t always the best way for a homeowner to sell. For some homeowners who need to sell a house in Cincinnati & Dayton, selling as-is or a direct sale to a local home buyer can be the best way to go.

    Before you decide how to sell, get the facts, and determine the selling method that will make the most sense for you. After factoring in time, money, and energy, your ideal selling method may be different than you had thought. First, let’s take a look at what listing your house in Cincinnati & Dayton could cost you…

    What Will Listing My Cincinnati & Dayton House Cost?

    Listing a house in Cincinnati & Dayton can come with a lot of costs that people aren’t always aware of. A few of these costs include…

    • Costs to make repairs both before and after the inspection process
    • Expenses to clean and stage the home for property showings and open houses
    • Marketing expenses not included with your listing (virtual tours, professional photography, etc.)
    • Holding while the house is on the market and through the escrow process
    • Closing costs which can amount to 1-3% of your final sale price
    • Agent commissions which are typically around 6% of your final sale price

    According to NerdWallet, you should plan on spending at least 10% of the final sale price on the costs of listing your home. So if your house ends up selling for $250,000, that is $25,000 out the door. That said, your costs can be higher or lower depending on the property and situation. It is essential for home sellers to understand these costs, so they know exactly what to expect when selling a house in Cincinnati & Dayton.

    How To Sell Your House Without Spending Money

    There are a couple of ways to sell your house in Cincinnati & Dayton without spending any money. You can either list your house as-is on the MLS or work with a direct buyer to purchase your property outright without the help of an agent. For some homeowners in Cincinnati & Dayton, one of these alternative options can prove to be a better way to sell your house.

    Listing Your Cincinnati & Dayton House As-Is

    Some owners choose to list their houses as-is, which will make things less expensive for the sellers. While listing your house as-is in Cincinnati & Dayton will save you money on cleaning, repairs, and upgrades, you will still have to factor in commissions, holding expenses, and closing costs. All of these bills can add up to thousands of dollars, and that is without any promise of a return. Also, your house won’t get the same level of attention and appeal to as many buyers when listing your house as-is in Cincinnati & Dayton. Your property will need to photograph well and not come with a long list of needed repairs.

    A Direct Sale To Ohio Cash Buyers LLC

    Selling your house directly to Ohio Cash Buyers LLC will help you to avoid all of the listing costs, including repairs, marketing, holding costs, commissions, closing costs, and more. You will not have to worry about spending any money at any time during the sale. You will be able to get an offer without having to worry about any deductions or hidden fees. While our price isn’t full retail, the amount you can save may more than make up the difference, and that’s not to mention all of the time you will save.

    Why Sell As-Is?

    So why would somebody want to sell as-is in the first place? Wouldn’t fixing up the property add value, thus creating higher returns? In a perfect world, yes. However, when listing your house in Cincinnati & Dayton, you won’t have any guarantee that your repair costs will translate to a higher sales price. Fixing up your home can be a gamble. While it can add value in some cases, sinking money into a house you would rather sell can prove to be a poor use of your funds. By selling as-is, the buyer assumes the risk and you will be able to put your money into your new property, not the one you want to get rid of.

    Are you ready to sell your house in Cincinnati & Dayton? Before you hire an agent in Cincinnati & Dayton, find out what we can do for you! You don’t have to list your house in order to sell it!

    Ready to sell a house in Cincinnati & Dayton? Reach out to us to learn about the fair and cost-free way to do it! Call today!

  • 5 Ways the Foreclosure of Your Cincinnati & Dayton House Will Impact You

    Foreclosure occurs when, for whatever reason, agreed to payments for a mortgage loan and not being made in a timely and consistent manner. The reasons this can vary as widely as there are homeowners, from the sudden loss of life from a contributing family member, unexpected loss of income, or a myriad of other possibilities. Naturally, it is better to take swift action before things come to this point with the lender, as you are given multiple notifications and chances before this stage to ward off the legal proceedings.

    As circumstances have led up to the point of foreclosure, likely, you had already had several late or missing payments on your history, and you have already begun to feel the ill effects of a negative credit score. Sleepless nights may become familiar as the communications from your lender have increased, leading up to the final point of foreclosure. Our imaginations are much worse than reality, so take heart, others have survived foreclosure, and you can as well by knowing what you face and that there is hope and a light at the end of the tunnel. It can set your mind at ease to take a realistic assessment.  No matter how you have ended up in this situation, we will discuss five ways the foreclosure of your Cincinnati & Dayton house will impact you. 

    Credit

    Lenders hesitate to deal with the risk of a borrower with such a history. These financial penalties will continue for as long as the foreclosure remains on your credit score, a total of seven years. When lenders review your credit score details, the foreclosure of your Cincinnati & Dayton house will impact you by either facing extremely high-interest rates or flat-out denial of credit. This lingering ill effect means that life will become even more expensive as it is difficult to survive without credit. Sadly, the higher your credit score, the more impact a foreclosure has on the new score. Typically a three-year period with timely payments will clear your credit history of the foreclosure.

    Fees and Deficiency Payments

    The financial blows from the court fees and any deficiency from the foreclosure of your Cincinnati & Dayton house will continue to linger until the debt is satisfied. When you go through the foreclosure process in court, you are responsible for paying court fees. Additionally, you will still owe the difference between the amount realized for the property against any remaining debt to the mortgage lender, known as the deficiency.

    Equity

    Sold at an auction, lenders typically accept lower appraisal values and bids for foreclosures. You likely owe penalties in addition to the overdue payments, and this will all come from the proceeds. Whatever equity you may have gained over the years is likely about to be gobbled up by fees and penalties, along with a low sales price. The foreclosure sale tosses everything you have built right out the window. The loss of the home and your equity because of foreclosure of your Cincinnati & Dayton house will impact you in retirement by having depleted what could have been a significant contribution to your golden nest egg. 

    Stress

    When you are already experiencing a change in your life from whatever has caused the foreclosure to take place, the foreclosure itself becomes a looming nightmare. It is difficult to remember when emotionally invested that it is strictly business for everyone else involved. Losing your home and the equity you have built, facing court, and all of the expenses that come with it can have highly detrimental mental effects on yourself and your family. The stress of the unknown date the bank will evict you and where you will go is regrettably one of the most brutal ways the foreclosure of your Cincinnati & Dayton house will impact you. 

    Standard of Living

    Concerns about the standard of life you now face with your foreclosure history following you for years are valid. Because of the foreclosure, life has become even more costly. There are limitations on those with a foreclosure in the past. The red flag of a foreclosure on applications that require you to experience a credit history search can begin a downward spiral in areas of your life, such as the housing you find available and higher paying job opportunities. The job you accept and the area you live in can have a considerable effect on the enjoyment of your day-to-day life and is another way the foreclosure of your Cincinnati & Dayton house will impact you.

    Ohio Cash Buyers LLC understands all of the ways that foreclosure of your Cincinnati & Dayton house will impact you. If you are facing foreclosure, don’t wait until it’s too late. If you are in foreclosure now, let Ohio Cash Buyers LLC solve your problems. Ask any questions you like, with no obligation because Ohio Cash Buyers LLC is here to help you. Give Ohio Cash Buyers LLC a call right now at

    or send us a message!

  • How to Sell an Off-Market Property Listing in Cincinnati & Dayton

    A traditional property listing isn’t the only way to sell your house in Cincinnati & Dayton. As the population pushes away from larger cities, along with a pool of skimming over the rental phase typically experienced in earlier adulthood, opting for the benefits of more permanent housing with recreational amenities and a more home-based lifestyle driving the current seller’s market. Off-market or pocket listings aren’t marketed to the general public, add the allure of grabbing an exclusive opportunity for buyers, and may garner a higher sales price.

    When you sell off-market, you control who knows your home is for sale and when they see it. There are far fewer showings by the very nature of being private, and the buyers who know about the off-market listing are likely to be much more serious about the property.  Listing your property off-market also tends to create an act now or never feeling. 

    We will share the inside scoop on how you can sell an off-market property listing in Cincinnati & Dayton.

    Commissions

    Real estate agents love off-market listings because they can market the property exclusively to select clients and collect whatever commission you have negotiated in the contract. Additionally, because other agents in the Cincinnati & Dayton market are unaware of the listing, they don’t have to split the commission with anyone else. They will earn the other side of the commission because they are bringing the buyer. You can avoid commissions altogether when you sell an off-market property listing in Cincinnati & Dayton to a professional buyer like those at Ohio Cash Buyers LLC. 

    Prepping or Repairs

    Most buyers seek to move into their new home as soon as possible. If your home is older or maintenance and repairs are lacking, you as the seller must worry about passing the inspection and making repairs out of pocket before closing or taking a deep discount off of the asking price. Preparing the home for the showings ahead and making updates is costly. When you sell an off-market property listing in Cincinnati & Dayton through a direct sale with a company like Ohio Cash Buyers LLC, we buy homes as-is, so there is no more need to worry about repairs or even cleaning up. Ohio Cash Buyers LLC takes on all the risk.

    Agent Fees

    Many agents also charge a fee for transaction processing and other expenses that agents may hide. When you sell your off-market property listing in Cincinnati & Dayton to a professional buyer like those at Ohio Cash Buyers LLC, they charge no agent fees. There will be no hidden fees to pay at closing; the offer will clearly outline how much cash you’ll receive at the closing.

    Time

    When properties are listed traditionally through the MLS, potential buyers can track the number of days the property is on the market. A great many days passing indicates to buyers that something is wrong with the property that the listing doesn’t disclose, typically resulting in bargain-basement offers, if any. The number of days an off-market property has been for sale is unknown to the buyer, which is one of the motivating factors behind off-market listings. Instead, sell fast to a direct sales company like Ohio Cash Buyers LLC, closing on your private listing can be in a matter of days or whenever best suits your needs.

    Ohio Cash Buyers LLC makes it simple and straightforward to sell an off-market property listing in Cincinnati & Dayton. We make the process easy! When you get an offer from Ohio Cash Buyers LLC, we will handle everything, and we can guarantee your home will close fast, often in just a few days. Whether your home is older and needs repairs or you want to limit the number of strangers who come through your home, why not reach out to Ohio Cash Buyers LLC and learn more about your options with no obligation. Send us a message or call Ohio Cash Buyers LLC at

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  • What You Can Expect if You Are Behind on Your Mortgage in Cincinnati & Dayton

    What to Expect if You're Behind on Your Mortgage in Cincinnati & Dayton

    While you never thought it could happen to you, anyone can find themselves in the position of being unable to make a mortgage payment. However, such an unfamiliar predicament may leave you wondering what you may be facing when you’re experiencing financial difficulties and can’t pay your mortgage payment. Now, while you may have a grace period, don’t become dependent on this benefit. Then, you should review the terms of your loan regarding the terms and penalties for missed payments so you can prepare for the consequences. 

    If you’re aware that you won’t make the payment, make the first move and contact the lender. Explain your hardship and find out how they can help you through a rough period with any repayment programs and other possible avenues of resolution, depending on your specific circumstances. We will discuss what you can expect if you’re behind on your mortgage in Cincinnati & Dayton.

    Initial Missed Payment

    Passing the late payment threshold, typically 15 days, means you can expect to incur late fees if you’re behind on your mortgage in Cincinnati & Dayton. These late fees are commonly 4 or 5 percent of the mortgage payment. If you pass the 30-day mark, your delinquent payment will appear on your credit report and drop your credit score. Many factors determine how much of a drop your score will experience; needless to say, the better your score, the more you have to lose. If you find yourself in this situation and have yet to reach out to the lender, now is the time to take action.

    36 Days Late

    After 36 days without a payment, your servicer must reach out to you and attempt to discuss the situation causing you to be behind on your mortgage in Cincinnati & Dayton. And should you have reached the point of missing your first month and surpassed 45 days without making a payment, then you can expect your lender to assign someone to your case to explain the options available to you. 

    Options

    You can expect your servicer to have several options to help you if you’re behind on your mortgage in Cincinnati & Dayton. But, first, you must express your interest in a loan workout to your servicer. Then, you’ll be required to apply, and your servicer must request any missing information on the loan workout application within five days of submission. Finally, within 30 days, your servicer is required to provide you with the options available in your case.

    120 Days

    If you have yet to submit a complete loan workout application, you can expect your servicer to begin the foreclosure proceedings if you’re behind on your mortgage in Cincinnati & Dayton. However, if you submit a completed application 37 days before a scheduled foreclosure sale, more often than not, your servicer must check into your eligibility for a loan workout.

    Loan Workout

    Suppose you are behind on your mortgage in Cincinnati & Dayton, and you submitted your loan workout application 37 days before the foreclosure sale. In that case, one of three scenarios must have occurred before your servicer could start or continue with the foreclosure process. The first occurrence would be a determination that you don’t qualify for a loan workout. Secondly, if you should reject the mortgage servicers offer for a loan workout. And the last condition, if you agreed to a loan workout and failed to live up to your word, such as missing a payment during the trial period, they may proceed with the foreclosure process. You may have as little as seven days to respond to your servicer should they make you an offer for a loan workout.

    Review 

    Under the condition that you submitted your loan workout application 90 days before the foreclosure sale, you can seek a review of the servicer’s decision, and they must assign someone uninvolved in the initial decision.

    Whatever you do, don’t delay; it is much easier to sell your home before foreclosure proceedings begin. If you haven’t contacted your lender because you believe you have no way out, consider a direct sale of your home to a professional buyer like those at Ohio Cash Buyers LLC. The experienced professional buyers at Ohio Cash Buyers LLC understand all too well that circumstances in life can be beyond our control, and they want to help you make the most money you can for your home. At Ohio Cash Buyers LLC, we stop and listen and are happy to answer any questions you have with no obligation. If your home is in less than perfect condition, your worries are over because most homes qualify for Ohio Cash Buyers LLC to buy them directly in as-is condition. With the backing of cash, the closing can be in a matter of days, and you’ll receive an offer that you agree is fair because at Ohio Cash Buyers LLC, we want you to feel good about the deal long after the closing. Contact Ohio Cash Buyers LLC at

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  • 5 Tips for People Who Have Inherited Real Estate in Cincinnati & Dayton

    5 Tips for People Who Have Inherited Real Estate in Cincinnati & Dayton

    When you’ve inherited real estate in Cincinnati & Dayton, it doesn’t necessarily mean congratulations are in order. Instead, it’s the beginning of a long road of decisions and details to handle at an emotionally difficult time. However, as the clock keeps ticking, holding costs will begin to add up, and you’ll need to take quick action to manage the property, or the outcome could be costly in many ways. 

    Minor repairs that go unchecked can quickly become significant damage. In addition, you may face fines if an HOA is involved, violate zoning codes by allowing overgrowth of your landscaping, and it becomes apparent when a home has been abandoned for an extended period, tempting criminal elements. Sticking your head in the sand is a decision that could lead to costly consequences, including increased stress. So read on as we explore these five tips for people who have inherited real estate in Cincinnati & Dayton 

    Property Transfer

    Our first tip for people who have inherited real estate in Cincinnati & Dayton is to give it to a family member. However, you should be aware of the tax implications of this option, which could be more costly than leaving it as an inheritance. Therefore, you should consult an experienced real estate tax adviser whose recommendations you should consider before transferring the property.

    Take Up Residence

    Our next tip for people who have inherited real estate in Cincinnati & Dayton is to consider taking up residence. While well-meaning loved ones or close friends may have left you a piece of real estate as a token of their affection, life is not often like fairy tales. Their property may not be the type of home you’ve always dreamed of owning, or you may already live in the home of your dreams. Or perhaps it’s located in another state or across the country. Or perhaps you’ve inherited a home in a state of physical or financial distress, draining your wallet instead of magically producing the windfall of cash everyone imagines an inheritance of real estate brings. 

    Rental Property

    Another tip for people who have inherited real estate in Cincinnati & Dayton is to rent it out as an income-producing property; however, this option can have hidden expenses. Nevertheless, you should understand the time commitment to managing a rental property. You’ll need the funds to afford periods of vacancy, handle repairs for your tenants promptly and deal with turnovers, which typically include replacements and upgrades to meet more current tenant demands and bring the highest return on the property. You’ll also need to deal with tenants, from the screening process to collecting back rent. You’ll also need to market to get tenants in place and possibly deal with evictions, which can be pretty intimidating, and missteps can be costly. Finally, you need well-honed people skills and must follow all laws governing landlords with any HOA, local ordinances, or state or federal laws, including in your advertising. 

    Vacation Home

    An excellent tip for people who have inherited real estate in Cincinnati & Dayton is to turn it into your second home if you can afford to. It’s nice to have somewhere to get away that is yours; however, the responsibilities come with the benefits of a vacation home. Depending on the amount left on the mortgage, you may have house payments in addition to the insurance, taxes, and monthly utilities that continue to add up while you’re also paying for your primary residence. When you add it all up, you may be better off renting a luxury property for your vacations, leaving the headaches and expenses to the landlord.

    Sell Directly

    The best tip for people who have inherited real estate in Cincinnati & Dayton is to take the quick and easy option, sell directly and walk away with cash in hand without paying high commissions and leave the work, worry, and financial risks associated with the property behind you. Working with a professional home buyer from Ohio Cash Buyers LLC will connect you with our network of the most highly regarded providers in the industry to help guide you with your property, including professional tax advisors. In addition, a local investor turned professional home buyer at Ohio Cash Buyers LLC can guide you through your selling options step-by-step with no obligation. At Ohio Cash Buyers LLC, we provide you with the information to make an educated decision about what will earn you the most profit and what is best for you when considering both your current personal and financial circumstances. When you receive an offer from a direct buyer at Ohio Cash Buyers LLC, we want you to agree it is fair; that is why our process is entirely transparent. Our contracts are simple, there are no hidden fees, and we even provide you with a guaranteed closing date. We want you, our neighbors, to feel good about the deal you make with Ohio Cash Buyers LLC long after closing. Call Ohio Cash Buyers LLC at

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  • Should You Make Repairs to Your Cincinnati & Dayton House Before Selling It?

    It can be challenging to determine if you should make repairs to your Cincinnati & Dayton house before selling it to increase your final sales price or keep your money in your pocket and sell it as-is. However, many essential factors add up to the answer. So read on as we explore if you should make repairs to your Cincinnati & Dayton house before selling it. 

    Circumstances

    Sellers must bear the costs of making repairs to your Cincinnati & Dayton house before selling it and hope that they make a sizeable return on the investment in the property. Unfortunately, it takes money to make money, and repairs may not be an option for sellers without the funding. Additionally, living on a property during construction is unpleasant at best and can wear on sellers who tire of the noise, mess and hassles. Professional buyers like those at Ohio Cash Buyers LLC have the power of cash backing their purchases, so we buy houses as-is. When you sell directly to professional buyers at Ohio Cash Buyers LLC, you can leave all the worries about selling and passing the inspection behind. 

    Increased Profits

    Buyers seek properties ready to move into, so it may be worth making repairs to your Cincinnati & Dayton house before selling it. No matter how many repairs you make, other factors may help determine if this is the right move. For example, is the after-repair value or ARV worth the expenditure? Much depends on professional estimates, and you must reach out to multiple providers to compare and save. Additionally, sellers must consider the location of the property and the features of the home and their appeal to today’s buyers. Professional buyers like those at Ohio Cash Buyers LLC work with a full-service in-house team of industry specialists to quickly provide you with reliable numbers. The professional buyers at Ohio Cash Buyers LLC will detail the profits of listing your home in the conventional method after repairs vs. our offer, which we want you to agree is fair so that you can make an educated decision about the best option in your situation.

    Time

    Time is money, so to truly understand the costs you face, you need to consider the costs of holding the property while professionals complete the repairs and during the listing period. You must have a reliable estimate of the time to make repairs to your Cincinnati & Dayton house before selling it. Professional buyers like those at Ohio Cash Buyers LLC and their team will provide you with a timeline for the repair work you can take to the bank. On the other hand, if time is not on your side, the professional buyers at Ohio Cash Buyers LLC can provide you with a guaranteed closing date, often within a matter of days. Now, relax; if the thought of packing and moving everything in a few days does not align with your plans, talk to your professional buyer from Ohio Cash Buyers LLC about making arrangements to stay until the best date for your closing.

    Why not talk to the professional buyers at Ohio Cash Buyers LLC about whether or not you should make repairs to your Cincinnati & Dayton house before selling it, with no obligation? At Ohio Cash Buyers LLC, our professional buyers will stop everything and take the time to listen to you; and we understand that you have important questions and concerns and are happy to help provide the answers. To save you even more money, the professional buyers at Ohio Cash Buyers LLC never charge commissions, and there are no hidden fees to surprise you and deplete your profits. We offer the amount you’ll have in hand after the closing. And you won’t even pay closing costs. Why not see the difference working with Ohio Cash Buyers LLC can make for you? Call Ohio Cash Buyers LLC at

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  • What is a Pre-Foreclosure in Cincinnati & Dayton?

    With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.

    So what is a pre-foreclosure in Cincinnati & Dayton anyway?

    Many homeowners across America and Cincinnati & Dayton are facing difficulties making their monthly mortgage payments.

    When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”

    Banks and mortgage lenders typically provide three months for the homeowner to become current.  Of course this number can vary by bank and situation sometimes.

    If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.

    Pre-foreclosure Options for Borrowers

    If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.

    This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.

    You have options that can delay or even prevent losing your home:

    • If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments.  Check with your local Cincinnati & Dayton mortgage broker… or contact us and we can connect you with a reputable one.
    • You may be able to quickly sell your home to a real estate investor that’s reputable in Cincinnati & Dayton like us at Ohio Cash Buyers LLC, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments.We can buy your Cincinnati & Dayton OH area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
    • You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off.  In some short sales you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
    • You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years, and can cause significant damage.

    Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.

    If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.

    A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.

    But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.

    Ways We Can Help If You’re In Pre-Foreclosure

    • We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
    • We can buy your Cincinnati & Dayton area house – We buy houses in Cincinnati & Dayton and would love to make you an all-cash offer on your house too. Just fill out the form here to get started >>
    • You can ask us questions and we can provide you FREE guidance and resources so you can make a well educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.

    If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation.

    Just connect with your bank to see if they’re willing to work with you… or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.

    Want To Discuss Your Pre-Foreclosure Options? Call Us at
    Or, Submit Your Info Here To Get A Cash Offer On Your House >>

  • Calculating the True Value of Your House in Cincinnati & Dayton

    Calculating the True Value of Your House in Cincinnati & DaytonCertainly, paying a professional to conduct an appraisal is the best way to go about calculating the true value of your house in Cincinnati & Dayton. But you may not be at that point yet, and so the expense wouldn’t be justified. Maybe you’re just now in the early stages of thinking about selling your house. In that case, there are still some things you can do on your own to arrive at a pretty good idea of the value of your house.

    Use an Appraiser’s Eye

    It helps to understand the criteria appraisers use to determine the fair market value of a house. Primarily, they look at the number of bedrooms and bathrooms, total inside square footage, lot size, the age of the property, HVAC system, and overall condition. Other chief considerations are the location-related matters like crime rate, local amenities, and access to transportation. Using an appraiser’s eye for calculating the true value of your house inCincinnati & Dayton is a good way to start.

    Look at Neighboring Sales

    Next, just as an agent would in running comps, take a look at comparable home sales in the neighborhood. There a number of online resources you can use to check the sale prices of comparable houses with respect to size, age, number of rooms, construction type, and features. In addition, you’ll want to consider only homes that have sold within the last few months.

    Determine the PPSF

    Another good tactic for calculating the true value of your house in Cincinnati & Dayton is to try to determine the price per square foot (PPSF). This, too, involves comparing your house to similar houses that have sold in the neighborhood.

    So when doing your own comparable market analysis, be sure to note the square footage of the houses you’re considering. Then divide the sale price of the house by total square footage to arrive at the PPSF. The next step is to add up the several PPSFs you’ve calculated and then divide by the total number of PPSFs you added together, which will yield the average PPSF. All you have to do then id multiply the square footage of your house by that average PPSF. You will then have a general idea or your house’s fair market value.

    Consider Special Features/Qualities

    But in calculating the true value of your house in Cincinnati & Dayton don’t neglect to take into consideration the special features and qualities your house may possess. These can sometimes increase the value significantly (or, in some cases, lower it).

    You will certainly want to take into account any recent upgrades – for example, new tiles and fixtures in the bathroom, new appliances in the kitchen, a new roof, or new siding. Or if your house has a large screened-in deck or is close to a good school, these features can add to the value. The comparable value analysis and the average PPSF are just starting points or base prices. Be sure to consider as well what your house has to offer beyond the mere basics in comparable houses.

    And then there’s the other side of the coin, too. If your house isn’t in as good a shape as those you’re comparing against, it will be worthless. So be sure to be brutally honest with yourself.

    These are all good tactics for calculating the true value of your house in Cincinnati & Dayton. Of course, you could always have a real estate agent do a comparable market analysis, but you can get fairly close to that on your own.

    IF YOU THINK YOU’RE READY TO SELL AND WOULD LIKE TO DISCOVER MORE ABOUT VALUING YOUR HOUSE, JUST GIVE US A CALL AT OR FILL OUT OUR FORM.

  • I Can’t Sell My House In Cincinnati & Dayton Ohio… Help!

    If you’ve found yourself saying, “I can’t sell my house in Cincinnati & Dayton Ohio,” this article is for you. Maybe you’ve been trying to sell your Cincinnati & Dayton house for a while now and haven’t received any offers, don’t panic! You still have a few options at your disposal to help you sell your house for a fair price.

    You’ve probably already tried the first one at least once: Lowering the asking price.

    Everybody wants to sell their house for more than they paid for it but if housing prices in your area are low, the economy’s not doing well, or your home has some sort of structural or locational problem, you may have to reduce your asking price.

    What are my options if I can’t sell my house in Cincinnati & Dayton?

    Here are five other things you can try when you can’t sell your house in Cincinnati & Dayton:

    1) Take It Off the Market

    You may be trying to sell your home at a bad time, such was when there are a lot of other houses just like yours on the market, during the winter months, or during the holidays.

    If this is the case, you might be best served by taking your home off the market for a few months – if you can afford to keep paying the mortgage – and wait until market conditions improve.

    2) Take Out a Second Mortgage

    If you have built a lot of equity in your home, you may want to take out a home equity loan — if you can afford to pay the higher monthly payment, that is. If not, you may be able to renegotiate a loan modification plan with your lender or convert your adjustable rate mortgage into a fixed-rate mortgage that has a lower interest rate. The loan can be used to fund other things, including real estate investments.

    3) Rent Out Your Home

    If you can’t sell your home and don’t want to hold two mortgages (your old home and your new home) one option may be to rent out your home at or near the price of your monthly mortgage payment. That allows you to apply the rent to your mortgage without having to incur any additional expense – other than upkeep, maintenance and repairs.

    4) Consider a Short Sale

    “I can’t sell my house in Cincinnati & Dayton because I owe too much!” This can happen if you purchased your home within the past few years and currently owe more than the home is worth (called being upside down).

    In some instances, you can negotiate with your lender to accept less than what you owe on your mortgage. If it looks like the other option is foreclosure, your lender probably will accept a short sale.

    To do this, you’ll need to have a buyer on board who can close quickly. Fortunately, we can! Give us a call today at

    for a no-hassle offer on your house.

    Keep in mind, however, that short sales can affect your credit. Redeeming a pre-foreclosure on your credit history might disqualify you from getting another mortgage, at least for a little while.

    5) Offer a “Lease to Own” Option

    A lease to own option is when you rent your house to somebody with the option to purchase your home at or before the lease expires. This is a good option if you can’t find qualified buyers because you can collect rent plus a lease option fee from a tenant while giving them time to save up for a down payment and establish their credit so they can get a mortgage to buy your home down the line.

    You also can add a lease premium to their monthly rent that can either be applied to the down payment later or – if they don’t end up exercising their option to buy your home – you can keep it as income.

    I Can’t Sell My House in Cincinnati & Dayton OH!

    If you are interested in learning more your options for selling your home in Cincinnati & Dayton Ohio, call us at

     or fill out the form on this page to get more information sent to you right away.