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Real Estate

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You don't want to miss this stunning, custom-built home in this week's Listing of the Week!

This beautiful, custom-built home is only 4 years old and has everything you could want. There are 4 bedrooms, 4.5 bathrooms, a custom gourmet kitchen, 2-car oversized garage, private backyard, and a finished lower level with a full bathroom. The home also has surround sound speakers, a climate-controlled wine room, dry bar, self-watering window boxes, 10ft ceilings throughout, a second-floor laundry room, 2 master closets, custom bookshelves, and crown molding. It is a walk away to Ault Park and has been tax abated until 2033.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

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Click here to see this quintessential East Walnut Hills home in this week's Listing of the Week!

This 5 bedroom, 6 bathroom Tudor home is inherently timeless, elegant by design, and a quintessential East Walnut Hills home on coveted Keys Crescent. The first floor features abundant and open space for grand entertaining, yet ample separate for intimate daily living and today’s work from home needs. Favorite features include a large front porch, pub room, wine room, master suite with balcony, a large updated, 2-sink bathroom with walk-in closets, a 3rd floor theatre and game rooms, and lots fo storage. This home is close to downtown and steps from dining.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

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Luxury abounds in this week's Listing of the Week. Click here to see more.

You have to see the magnificent renovation of this English Tudor in Hyde Park. Every room is radiant. The home sits on a private 1.5 acre lot, and backs up to the woods. It has a fabulous kitchen and a spectacular master suite. It boasts a wonderful solarium with a wall of windows overlooking the rear yard. It has a spacious yard, plenty of room for a pool and children activities. There is a front court yard and a rear, gated garage entrance. This splendid property is 7 bedrooms, 8 bathrooms and is listed at $3.99 million.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

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Escape the hustle and bustle with the Colorado-like views of this week's Listing of the Week!

This home is a rare opportunity in the sought-after Old Locust Hill community! It’s a gate home with complete privacy. This custom, architectural-designed 4m400 sq. ft. home is situated on 15 wooded acres. The retreat-like setting, breathtaking river, valley views evoke a Colorado mountain home vibe. An open floor plan features great natural light through internal shade Pella windows. Great room has custom cabinetry, stone fireplace. There is a main floor master with a large walk-in closet, granite double sink vanity, walk-in shower and clawfoot tub. The 4 bedroom, 2.5 bathroom home is listed at $1.29 million.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

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This Indian Hill home has stunning features and an outdoor oasis. Click here to see the Listing of the Week!

This Indian Hill home is your new summer oasis. It features an in-ground, unite heated saltwater pool surrounded by lush landscaping to make every day feel like vacation. The home sits on a 1+ acre lot and boasts an updated kitchen with granite countertops, stainless steel appliances and white cabinets, an owners suite with a sitting area, 2 balconies, and a newly renovated dream closet. There is a recently added second floor laundry. The home has newly refinished hardwood floors throughout and the entire house has been freshly painted. The lower level family room features a theater area and wet bar. The children’s wing of the home has 3 ensuites. 

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

 

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Between COVID and low interest rates, more unwed couples are buying houses than ever. Our mortgage expert shares a few tips to keep in mind if buying before nuptials.

In previous generations, buying a home was a life milestone that often came after a couple married and combined households. But with interest rates at near-record lows, and COVID precautions delaying weddings, more couples are buying homes before marriage than ever. So, we tapped the expertise of Cincinnati-based Ron Erdmann at Guaranteed Rate for some advice when saying “I do” to a home first.

Erdmann says calling a mortgage professional is often the first step, but he suggests contacting a financial planner and real estate attorney too. “It just helps to take a look at your whole financial picture to plan things out,” he says, “and an attorney will help define all the details that are sometimes more inherent for married couples.”

Erdmann says these are the three main questions unmarried couples should consider when buying a house.

1. Who’s Applying for the Mortgage?

Buying a house together is a big commitment. So, even before searching for a home, Erdmann says you should contact an experienced mortgage professional to compare options and get pre-approved. “I always encourage both to apply together so we can determine if it’s best to buy in both of their names or just one of their names,” he says. “The more I know, the more I understand how to best set up the purchase.” 

2. What Type of Ownership is Best?

When you buy a house with your partner, you must decide how you will own the property, or “take title.” Erdmann says you should consult with an experienced real estate attorney to decide what’s best for you, but generally speaking, there are three basic choices:

• one person holds title as sole owner

• both of you hold title as “joint tenants,” or

• both of you hold title as “tenants in common.”

“The partner with the stronger financials and credit score may want to purchase the home to get better mortgage terms and interest rates,” Erdmann says. “But both names can be on the deed even if one didn’t sign the mortgage, provided the lender agrees. What’s on the deed doesn’t have to match what’s on the mortgage.”

3. Get a Cohabitation Property Agreement?

When couples live together, married or not, they will most likely accumulate equity. Unlike married couples, though, unmarried couples may not have the same property protections. So, they can create a cohabitation property agreement to outline who owns what, and what will happen in the event the couple chooses to separate or if a partner passes away. “It’s completely optional and not at all common,” Erdmann says, “but an attorney can look at your unique situation and tell you if they’d recommend it to be safe.”

While it’s far from romantic, Erdmann says, talking through these basics of home buying and gathering the appropriate paperwork for a mortgage application is a good starting point for examining whether or not a home purchase is right for your relationship, married or not.

To learn more about Ron Erdmann, NMLS 728342, Branch Manager and SVP of Mortgage Lending at Guaranteed Rate, visit https://www.rate.com/loan-expert/ronerdmann. You can also contact him via email at ron.erdmann@rate.com or call (513) 609-4484

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Click here to see luxurious amenities in the heart of downtown Cincinnati!

Exceptional city living in heart of Mt. Adams. grand kitchen, gorgeous appointments, wonderful space, LL in-law suite, decks, views, patios, 2 assigned garages, why wait to build, this has it all with classic charm, un-duplicated. This 3 bedroom, 4 bathroom home is listed at $1.075 million.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

 

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You don't want to miss this breathtaking estate in this week's Listing of the Week!

This home is a regal landmark estate situated on a 1.5 acre parcel on Garden Place. This home boasts spacious rooms and artisan craftsmanship. The Grand Centre Hall opens to a spacious, yet comfortable living, dining, and great Rooms. The owners have completely renovated the entire estate, reflecting the Artisan Craftsmanship of the re-invention of 5 Garden Place. This 6 bedroom, 5.5 bathroom home is listed at $2.175 million.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

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A year after the pandemic hit, it’s clear COVID-19 forever changed the housing market. A local expert shares insight into the big shift and real estate’s new normal.

As we lap the one-year mark since the COVID-19 pandemic began, there’s still a lot of uncertainty, but one thing is for sure: the pandemic has re-ordered real estate markets across the board, at a record rate, on an unprecedented scale.
 
Property views on real estate sites such as Realtor and Zillow are up over 50% this year, inventory in the 100 top US metro markets has been shrinking, along with days on market and the gap between list-to-sale price. Then, the cherry on top: record-low interest rates. Now it’s clear, by every metric, Americans are moving faster now than they were before the pandemic. 
 
“More than ever, people are working remotely and realizing they have the ability to work from where ever they want to. They’re being more selective about where they choose to live because they can,” says Cincinnati-based Ron Erdmann at Guaranteed Rate. “Before, they’d select their geographic location based on where work is based, even if it’s away from family and friends. Now, they’re realizing they have the ability to live and work near family and friends, or relocate to a dream location like a beach or mountain scape.” 
 
COVID-19 raised questions – beyond markets and interest rates – that don’t have answers yet, such as: Will people feel safer living in the south and southwest where they can spend all year social distancing outside? What if companies let employees work remotely forever? Why go back to retail shopping when I’m used to ordering everything online now? What’s the point of living “downtown” if half of the restaurants, bars, and attractions never open back up?
 
How these questions get answered will ultimately re-order how Americans live in the post-pandemic new normal, Erdmann says. Also, as a result, this will determine which markets will experience growth, demand, and price appreciation over the next 3-5 years, and which ones won’t.
 
“There’s now a new wave of opportunity for areas that were once considered too small, too southern, or too desolate,” Erdmann explains. “Now, that’s what everyone wants.” Those qualities are now rising to the top of the real estate desirability lists as Americans seek warmer, healthier, less dense, better educated, and more mobile places to live that offer closer access to the outdoors, better hospitals, smaller schools, and more open space.
 
Erdmann says his team is seeing a huge surge in mortgages for people buying second homes or summer homes for the same reasons. “You can spend six months out of the year in your home town and six months out of the year on the beach without it affecting your work situation, and you can do it at super low rates, so people are taking advantage.” 
 
If you’re looking for a second home or to move to an area outside of your current market, Erdmann has some advice. “Some banks only lend in their geographic footprint, some can lend nationally,” he says. “For example, in my network, there’s someone who can lend in all 50 states. You’ll want to find an experienced mortgage professional who can help no matter where you’re looking.”
 
To learn more about Ron Erdmann, NMLS 728342, Branch Manager and SVP of Mortgage Lending at Guaranteed Rate, visit https://www.rate.com/loan-expert/ronerdmann You can also contact him via email at ron.erdmann@rate.com or call (513) 609-4484. 

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Settle down in this updated ranch in Indian Hill. Click here to see this week's Listing of the Week.

Turn a house into a home in this charming ranch on a quiet cul-de-sac in Indian Hill. This 4 bedroom, 5 bathroom has a flat, private yard with mature trees, a 4-car career, updated kitchen, open breakfast room, and a family room with raised ceilings. The home features a spacious master bedroom and bathrooms suite with a walk-out to the back yard. The lower level has a bar, family room, tv room, game room, exercise room, full bathroom, and plenty of storage. Two new furnaces were installed in 2020, a new roof in 2019, and a generator. The home is listed at $1,199,000.

This listing is sponsored by Ron Erdmann at Guaranteed Rate, the official mortgage professional of Cincy Chic.

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