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Knox County Ohio Real Estate Information Archive

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First Time Homebuyer Tax Credit Extended

by Sam Miller

 

You may have heard the exciting news that the First Time Homebuyer $8,000 Tax Credit has been extended.  This will prove to be great news for thousands of Knox County, Ohio homebuyers and many existing homeowners who qualify for this financial incentive.  I asked national real estate expert David Knox to help me explain the benefits of this extended and revised tax credit.  In order for you to take advantage of this incentive you will need to buy and close your transaction before the tax credit deadline.

 

Knox County, Ohio has great properties for sale.  We can show you any property listed in the Knox County MLS.  The Sam Miller Team is proud to feature the following listings.  Contact us today for your private tour:

$100,00 and less
$100,000 - $150,000
$150,000 - $200,000

$200,000 - $300,000
$300,000 and up

Not only do we specialize in single family homes, but we also specialize in condominiums.  Click here for our complete list of Mount Vernon, Ohio condominiums.

Are you looking for a place to call home in Knox County, Ohio where you can spread out?  Click here to see our amazing properties with acreage.

Apple Valley Lake is a beautiful resort community located in Howard, Ohio.  One of it's incredible assets is the pristine lake that is perfect for all sorts of water sports throughout the year!!  Click Here for our complete list of our properties for sale in this fantastic community!

Interested in a bank owned property?  Search our list of bank owned homes in Knox County, Ohio.

For real estate listings sent directly to your inbox as soon as they hit the market, click here

Please feel free to bookmark this page and use the "Share This" feature so that you can forward this to your friends, family and business colleagues.

National Association of Realtors Annual Convention

by Sam Miller

This past week I attended the National Association of Realtors Convention in San Diego, California.  The event was jam packed with fresh, cutting edge ideas, featuring some of the top Realtors in the country.  The conference was filled with tremendous educational sessions and it featured one of the biggest real estate trade shows I have ever seen.  My goals for attending this conference were to learn about the newest market trends, connect with other top agents and exchange ideas and to explore the newest real estate technology.  All my convention goals were achieved and more.

This year I was invited to participate in a private CyberProfessional real estate meeting.  This meeting is organized by an exclusive group of high tech real estate professionals who leverage their use of technology to provide a higher level of service to their clients and customers.  One of the many topics discussed during this meeting was how to market homes using HD video technology to make your listings stand out over other competing listings.  Each of the 40 CyberProfessionals in attendance had an opportunity to share their key strength relating to real estate technology.  This format created a tremendous synergy because everyone at the event had an opportunity to shine.  The real benefit of this format was after each member presented,  there was an open discussion and this is where the ideas really flowed.  There was so much information being shared that I took pages and pages of detailed notes.  The lesson I learned from this group is that even though I have some solid technology strengths...my skills and knowledge individually are not nearly as strong as the collective efforts of the CyberProfessionals and their members.  This was truly an amazing day! 

 

2009 marked my 10th year being invited to The Bill Barrett Top 50 Real Estate Superstar Group.  This is the single best real estate event I attend each year and this year was no exception.  The group is composed of the best of the best agents around the country and the goal is to share ideas, brainstorm concepts, fine tune systems, openly discuss group successes and challenges. The highlight of the meeting was when everyone has an opportunity to share their marketing materials.  This year one of the key discussions of the group focused on bank owned homes and pre-foreclosures. A discussion came up concerning more than 50% of all people who lose their home through foreclosure never seek help from a real estate professional. What is amazing is that a very large percentage of those homes could have either been saved or sold and the foreclosure could have been avoided.  The collective knowledge and experience of the members in this group are truly the best of the best. 

 

This year there was a new meeting at the conference headed up by RIS Media and Alan Dalton called "Top 5" real estate network.  The meeting was by invitation and only 150 agents worldwide were invited out of the 20,000 who were in attendance at this year's conference.  It was an interesting meeting and the concept behind the group could become very valuable for the members.  RIS Media is a key player in the real estate industry and is one of the best sources when it comes to providing communication to REALTORS.  From what I heard and learned about the "Top 5 Real Estate Network" it seems that RIS Media and Alan Dalton are creating a network of real estate professionals who will have access to materials and resources that would not be available to the average agents.  If "Top 5" can get off the ground in a big way and build some very key recognition within the real estate industry, I believe they are onto something that could become BIG.  

 

Lastly, I met with some of our leadership at RE/MAX International at their trade show booth at the convention.  We discussed new technology that is specifically related to RE/MAX offering enhanced client services and we also reviewed some recent changes that are taking place with our client foreclosure division.  This new enhancement with RE/MAX and their corporate website will enable my team to better serve and connect with consumers looking to purchase a bank owned and foreclosure home.  

The 2009 NAR conference was a huge home run event and I am already looking forward to next years event in New Orleans.

Sam Miller

If you're looking to buy or sell, I'd love to help.  Contact Me today!

Click Here to view our fantastic properties for sale.

Congress is ready to extend and expand the Homebuyer Tax Credit!!

by Sam Miller

Great news for those of you still wanting to buy a home and thinking you've missed the $8,000 Tax Credit!!  The Senate voted Wednesday November, 4, 2009 to extend and expand the tax credit to include many buyers who already own homes. 

Buyers who have owned their current homes at least five years would be eligible for tax credits up to $6,500 and the bill extends the $8,000 tax credit to those first time home buyers who haven't owned a home in the last three years.  To qualify, buyers in both groups have to have a signed purchase agreement by April 30, 2010, and close by June 30, 2010.

An article I read entitled, "Congress set to expand home buyer tax credit," by Stephen Ohlemacher, a writer from the Associated Press, quotes Senator Johnny Isakson, a Republican from Georgia who is a former real estate executive who championed the credits, "This is probably the last extension."  "We are still in a world of economic hurt, and Congress must continue to act boldly and creatively," said Senator Max Baucus, a Democrat from Montana, chairman of the Senate Finance Committee.  "With the right mix of tax breaks and investments we will get through this recession and get folks working again."  

According to this article, extending and expanding the tax credit for home buyers is estimated to cost the government about "$10.8 billion in lost taxes." 

The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible.  The credit would also be phased out for those folks with annual incomes above $125,000 and for joint filers with incomes above $225,000.

For members of the military serving outside the United States for at least 90 days and more, the credit will extend until June 30, 2011.

This bill is H.R. 3548.

The house is scheduled to vote on this bill today, Thursday, November 5, 2009.  Stay Tuned.....

Knox County, Ohio MLS October 2009 Real Estate Statistics

by Sam Miller

KNOX COUNTY, OHIO OCTOBER 2009 NUMBERS

The numbers are in for Knox County, Ohio MLS sales for October 1, 2009 through October 31, 2009:

The Knox County, Ohio MLS is reporting 40 Home sales in October 2009. The average sales price for a home SOLD in October was $106,288. The lowest priced home sold in October SOLD for $24,000, which was a bank repossession. The highest priced home sold in October, SOLD for $195,000.  This was a country home with over 5 acres of land.

October 2009 home sales were up more than 25% as compared to October 2008 (a good sign).  According to the Knox County, Ohio MLS, RE/MAX Stars Realty represented more than 52% of all the listed homes that SOLD in October 2009. RE/MAX Stars Realty also represented more than 50% of all the buyers who purchased homes in October 2009.
 
The Sam Miller Team participated in the sale and closing of 19 real estate transaction sides in October 2009 which accounts for a very large percentage of the sales that closed within the Knox County, Ohio MLS in October.

The Knox County, Ohio real estate market is still very active and homes that are properly positioned are selling well. 
  

Disclaimer:  All sales data per Knox County, Ohio MLS sales statistics as reported on November 2nd, 2009*

Featured Listing:

13 Wildwood Lane - $210,000

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Sam Miller
RE/MAX Stars Realty
710 South Main Street
Mount Vernon OH 43050
740-397-7800
Fax: 740-399-3604