Monthly Archives: April 2010

Rent versus Buy?

Rent versus buy? It can be a tough question! With interest rates at forty year lows, the decision to rent versus buy a home can be difficult. In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant. Here are some additional advantages of buying versus renting:


Use this financial rent versus buy calculator to determine which makes sense: 


3 Reasons Why Those Who Don’t Buy Now Might Regret it Later

RISMEDIA, March 24, 2010 – Buying a home is one of the biggest decisions an individual can make. So it’s understandable that one considering a home purchase may take their time to avoid rushing into such a large financial commitment. However, several factors might leave prospective home buyers who don’t purchase a property now wishing they had taken action sooner.

“Current market conditions have created a perfect storm of sorts that has made it an ideal time to purchase for first-time and trade-up buyers alike,” said James M. Weichert, president and founder of Weichert, Realtors. “Those who have the means and the desire to buy now but don’t, aren’t likely to see such a great opportunity again anytime soon.”

Specifically, Weichert offered three reasons why those who aren’t under contract to purchase a new home by April 30, 2010 might regret it.

1. They won’t receive a sizeable amount of money from Uncle Sam.

For the past two years, the federal government has offered a home buyer tax credit to help stimulate the economy. But that financial incentive is set to expire soon. First-time buyers who aren’t under contract to purchase a home by April 30, 2010 will leave the $8,000 that is available to them through the tax credit on the table. Meanwhile, repeat buyers will miss out on the opportunity to collect up to $6,500 from the government.

2. They might not lock-in on the historically-low interest rates.

Thanks to measures taken by the Federal Reserve including the purchasing of mortgage-backed securities, interest rates have remained historically-low for several years. With the economy beginning to show signs of recovery, it is widely believed that the government will soon put an end to these stimulus efforts.

If that happens, many economists believe we will begin to see a sharp increase in interest rates which could result in a much higher monthly payment for those who wait. For example, an interest rate increase of 1% on a 30-year fixed mortgage of $300,000 could cost a buyer $188 more a month or $67,000 more over the span of the entire loan.

3. They might miss out on record home price affordability.

Home price affordability is at its most optimal level in decades. As a result, those who wait to buy will likely pay more for the home they purchase than what that same home would cost right now. In fact, home prices have already begun to rise slightly in some markets. Instead of getting a better bargain, waiting to buy a home might net buyers a higher purchase price, less appreciation and less house for their buck.

“There is no time to waste for anyone who wants to take advantage of this great buying opportunity. Particularly for those who have a home to sell first,” added Weichert. “If you are prone to saying ‘what if’ and wondering what could have been, you will thank yourself down the road for buying now.”

Bellbrook Ohio Sugar Maple Festival

Bellbrook Ohio Sugar Maple Festival

Join the 32nd annual Sugar Maple Festival in downtown Bellbrook near Sugarcreek Township, Ohio today and tomorrow (April 17th and 18th). Mardis Gras is the theme for the 2010 Bellbrook Sugar Maple Festival. Saturday there will be the 11:30 a.m. parade down Franklin Street. Craft and food vendors will be open from 10 a.m. to 7 p.m. Saturday. Sunday features children’s activities from noon to 5 p.m. Craft and food vendors will be open from noon to 6 p.m. serving Cajun food, battered fish fillets, battered deep fried oreos, and an assortment of other foods. There will be entertainment both days from noon – 6 p.m. including live music, a parade, children’s activities, crafts and food vendors. While attending the Festival, be sure to visit the Bellbrook-Sugarcreek Park District’s booth, located in Bellbrock Park. The Park District will be giving each visitor a FREE tree seedling – while supplies last. Free shuttles will run from the Bell Creek Intermediate School on 3757 Upper Bellbrook Road to Bellbrock Park at the top edge of the festival located at the corner of North Main Street and East Walnut Street in Bellbrook, during festival hours. Enjoy!

Bellbrook Ohio Sugar Maple Festival


Taste of Greene County Ohio

Taste of Greene County Ohio

Don’t feel like cooking at home tomorrow? Then head to the Nutter Center to sample food from several Beavercreek, Ohio area restaurants at the 13th Annual Taste of Greene County Ohio! The Taste of Greene County takes place tomorrow, Sunday, April 18th at the Nutter Center in Beavercreek, Ohio at 3640 Colonel Glenn Hwy near Wright Patterson Air Force Base from noon – 4:00 p.m. Tickets cost $22 for adults and $6 for children. Taste food from many area restaurants, including: Abuelos, Beavercreek Golf Club, bd’s Mongolian Grill, Beef O’Brady’s, Brio Tuscan Grille, City BBQ, Don Pablo’s, Edible Arrangements, ele’ Cake Company, Hilton Garden Inn, Holiday Inn/McKenna’s, LaRosa’s, McCormick & Schmick’s, Packy’s at the Hope Hotel, The Pub, Qdoba Mexican Grill, Quaker Steak & Lube, Salsas, Spinoza’s and Young’s Jersey Dairy. Bon appetit!