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Knox County Ohio Real Estate Information Archive

Sam Miller

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Super Affordable Mount Vernon Ohio Country Ranch For Sale

Monday, December 12, 2016
by Sam Miller

You are going to be surprised at how nice this Mount Vernon Ohio country ranch home is and the location and lot size is impressive, situated on on nearly an acre of land and it backs up to a country farm with gorgeous views. The floor plan and design features 3 bedroom on the main level and a great living room with an adjoining eat in kitchen that includes both the refrigerator and range oven.  Big 2 car garage with power garage door opener, big basement that could become even more future living space and offers plenty of added storage space, natural gas heating with central air conditioning, relaxing front deck, spacious back yard with lots of room to play and for fun.  Mount Vernon City School District  and Dan Emmett Elementary School, this home is extra affordable and with monthly payments that are similar to the typical rental rates...you have to ask yourself "Why continue to pay rent when you can own this home for roughly the same money?" $110,000.

Click here for more information 14227 Nelson Drive, Mount Vernon, Ohio 43050.

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USDA Rural Development Out of Money by April 2010?

Wednesday, March 10, 2010
by Sam Miller

Serious homebuyers may have more than the First Time Homebuyer Tax Credit motivating them to buy a home before April 2010!  I just read an e-mail announcement from the United States Department of Agricultural announcing that it is very likely that the USDA will have exhausted all funds available for single family home loans by the end of April, 2010.  This creates additional urgency for homebuyers to get a home under contract and closed before these funds for these loans run out.

According to USDA they have stated that "Once funding is exhausted, the Agency will not issue Conditional Commitments subject to receipt of appropriate funds. This is because it is not certain when additional funding will be available."  What this means to many homeowners is that if they wait until the last minute to take advantage of the First Time Homebuyer Tax Credit and they intend to use the USDA loan program there is a VERY good chance there will not be money available to fund the loans.  The bottom line is that you could likely lose out on this super affordable loan program AND you will lose out on the opportunity to take advantage of the tax credit and the potential of getting your $8,000.

The solution is to act fast and get your new home under firm contract as quick as possible and get your loan application started.  If you wait to get a home under contract towards the end of the first time homebuyer tax credit you will likely miss out entirely.  If you would like us to get your home purchase on the fast track send us an e-mail right away or give us a call at (740) 397-7800.

Sam Miller

UPDATE on May 13th, 2010:  

We just received an e-mail from one of our lenders confirming that Rural Development / USDA has ran out of available funding.  I will update you once I hear anything new.

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Help Give Your Kids and Grandkids A Chance

Friday, January 23, 2009
by Sam Miller

I am reaching out to all parents and grandparents who want to help give their children and grandchildren a real advantage in life.  Buying a home is rarely on the minds of our younger generation and this is partially because they believe that the entrance to home ownership is actually more difficult than it really is.  

During the past 22 years in the real estate business I can say with 100% confidence that the majority of the home buyers I speak with are worried about how they will be able to meet the down payment requirement for their mortgage.  This is without a doubt the biggest road block in the minds of buyers.  This minor obstacle is easily solved with some creative thinking and a little assistance from mom & dad, grandma and grandpa and even a brother or sister.  

The most popular home loan today for first time buyers is an FHA insured home loan.  FHA is a great loan program because FHA only requires a 3.5% down payment and the best part is that the entire down payment can be a gift from an immediate family member.  This allows the parents to assist their children to buy their first home much earlier in life and essentially skip the need for them to waste their money on a rental.  This can result in huge financial savings for their children and it allows them to build equity much faster than they could otherwise.

A few factors to consider about the current housing market:

  1. Interest rates are at a 40 year low making homes even more affordable
  2. Fixed interest rate home mortgages are readily available
  3. Mortgages with fixed rates help protect against future inflation
  4. Home values have fallen which makes it an ideal time to purchase.
  5. Home ownership often creates stability, security and the home can become an investment like savings account.
  6. When you combine the lower home prices that are available today with the lowest fixed rate mortgages since the 1960's it becomes amazingly clear that it is the right time to buy a home.
If this topic has even slightly peaked your curiosity and you are wondering if this is the time to help a loved one, just pick up the phone and call us at (740) 397-7800 and tell us you read our blog and want to help a family member.  

We specialize in Knox County Ohio real estate and we have real estate connections throughout America and Canada.  If you need a recommendation or a referral to a prescreened real estate professional we offer this service entirely free of charge to you.

Sam Miller 


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Displaying blog entries 1-3 of 3

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