Robo-calling and Realtors®

That Nostalgic Feeling

50+ million people from New York City to Cleveland, Ohio were left in the dark in the largest blackout in United States history. We fell in love with a clown fish on the big screen in Finding Nemo. And, oh yeah, Apple® launched a little thing called iTunes®.

This was 2003. The same year the federal government established the National Do Not Call Registry. It’s that list where you can register your phone number (you can register your number here), putting a stop to those pesky telemarketers and prerecorded voice messages from tying up your landline phone (the days before smartphones). The idea worked… for a little while. Continue reading

Using the FHA 203k Home Renovation Loan, this buyer in North Benton, Ohio was able to completely renovate the home’s basement, bathrooms, kitchen, garage, AND add in a new deck. They purchased the house for $115,000 and had a budget of $85,000 in renovations. The home recently appraised at $232,500 – giving the buyers $32,500 in equity!

 

 

*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.

AmeriFirst PowerSaver Grant

You find a home you really like in a great neighborhood with a lot of potential. However, the furnace is old, the windows are the old single-pane style with a few missing their storm windows and the water heater looks like it belongs in the antique store. If you take that house and finance it with the FHA 203k renovation loan, and make the upgrades to those items, you might be able to have AmeriFirst Home Mortgage pay towards your closing costs.

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Using the FHA 203k Home Renovation Loan, this buyer in Canfield, Ohio was able to completely renovate the home’s bedrooms, kitchen, bathrooms, laundry room, and other rooms in the home. They purchased the house for $177,550, and it recently sold for $269,000 – a difference of $91,450!

 

 

*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.

Using the FHA 203k Home Renovation Loan, this buyer in Canfield, Ohio was able to completely renovate the home’s exterior, kitchen, laundry room, bathroom, and other rooms in the home. They purchased the house for $155,000 and had a renovation budget of $49,700 for a total cost of $204,700. The county has the property currently assessed for $254,770, which is a difference of $50,070!

 

 

*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.

Buying or selling homes that get water from a private well can present some unique challenges. In Ohio, any home with a working well being used must have that well inspected and approved by the County Board of Health as part of the sale of real estate. Most often, a Board of Health employee will take water samples from within the home to send out to the appropriate independent lab. Some Counties, however, allow non-employees to send samples of the water directly to those labs. This could be done by either the Seller or Buyer of the home. Continue reading

Using the FHA 203k Home Renovation Loan, this buyer in Boardman, Ohio was able to completely renovate the exterior of the home, the kitchen, the bathroom, and other rooms in the home, for a total cost (cost of home plus renovations) of $72,000.

 

 

*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.