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Knox County Ohio Real Estate Information Archive

Sam Miller


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What is a Short Sale?

by Sam Miller

Real estate foreclosures in Knox County, Ohio are on the rise.  Due to the increase in unemployment, I believe it is realistic that home foreclosures will continue to increase until the job market rebounds.  Home foreclosures can cause serious stress and these types of financial challenges are one of the biggest factors influencing the increased divorce rate among married couples today.

Did you know that a high percentage of the homes that are foreclosed on could have avoided foreclosure and the owner could have sold the home through a REALTOR?  This is where the term Short Sale comes into play.

The Short Sale Explained.  (Just click the play button) 


In today's current housing market, many people owe more on their home than their home is worth.  There are many reasons a homeowner may owe more on their home than it is currently worth and here are some examples:

  1. This may have happened because the value of the home simply dropped.
  2. They refinanced their original loan and rolled the closing costs into the new loan.
  3. They may have added a home equity loan and financed the closing costs into the loan.
  4. They did a cash out refinance to pay off other consumer debts, vehicles and credit cards.
  5. Many owners refinance to pay unexpected medical bills or funeral expenses. 
  6. Divorces, in many cases, create the need to refinance a home when one of the spouses wants to maintain ownership of the home and often at that point they are required to remove the ex spouse from legal ownership and financial obligation.
  7. There are dozens of reasons why someone might owe more on their home than it is worth and in many cases it could even be a combination of any of the items listed above.
If you are looking for honest answers AND solutions when you are wanting to sell your real estate I can help.  It doesn't matter whether your specific situation requires a short sale, a distressed sale, divorce, an estate or any other reason. I have the experience and the systems required to help you.  If you know someone who you think could benefit from the video and information feel free to use the "Share This" feature that is listed below.

Sam Miller
(740) 397-7800 or

Knox County Ohio Home Sales for March 2009

by Sam Miller

The Knox County Ohio Board of Realtors and the Knox County MLS reported $3,427,750 in residential home sales within Knox County in March 2009.  There were 25 residential homes sale reported in March with an average sales price of $137,100.  The least expensive frame constructed home sold was $21,000 and the highest priced home sold in March sold for $429,000.  For comparison purposes in 2008 there were 36% more homes sold than this past March yet this March the average sales price was nearly $5,000 higher than in 2008.  The end result is fewer homes sold in March of 2009 yet the average sales price was higher.

During March there were 93 new listings added to the existing Knox County MLS.  The average listing price for March was $153,805 which is actually above average.  The total dollar volume in new home listings in Knox County that were added to the MLS in March was $14,303,909.  For comparison purposes there were only 59 residential new listings added in February and only 43 residential new listings added in January 2009.  As of today there are 360 residential homes on the market for sale in Knox County.  Based on the 25 homes that sold in Knox County in March 2009...there is over 14 months of active home listings or inventory currently on the market for sale.

Mount Vernon Ohio Real Estate For Sale

by Sam Miller


For more details you can visit this homes listing page at 206 Vernedale Drive

Knox County MLS Home Search

by Sam Miller

I recently read that approximately 86% of all home buyers start their house hunting on the internet.  I find this to be a significant number because it means that nearly 9 out of 10 buyers are shopping online for a home.  The challenge for many of these home shoppers is that they have to search dozens of real estate websites and they will still generally only scratch the surface of what's available in the Knox County Ohio MLS.  

EMailKnoxCountyHomes is a simple solution we offer for all of our customers and clients.  This service provides you detailed information by e-mail for every listing in the Knox County MLS that matches your search criteria.  The system works so well that once you are registered you will receive new listing notifications as fast as the other Knox County Ohio real estate professionals.

The best part is that registering is easy and it only takes about 2 minutes.  

Knox County Ohio MLS Listing Search


Displaying blog entries 1-4 of 4