Dayton is the second-best metro area in the nation for good deals on foreclosures. You probably saw that news and for some buyers that will be good news, but only if you are prepared.
Foreclosures are a different beast than buying a home via a traditional home seller so if you are looking at these homes, here are a few tips to make your Dayton home-buying experience more productive, your real estate agent can give you details.
Foreclosures are popular right now and that means you need to plan ahead. These homes can sell in a matter of days, and often sell with multiple offers involved. If you are going to look for foreclosures, know the neighborhood you want, have your finances in order, and let your Realtor know your plans. She can set you, and/or herself, up in the Dayton Area Board of Realtors MLS system to receive email alerts when any property that meets your criteria comes on the market. You will know within hours of it hitting the MLS that a home is available. Be prepared to move quickly on the best homes and discuss with your Realtor ahead of time how you are going to craft on offer. Keep in mind that the best homes end up in a multiple offer situation in which case you will be asked for a “highest and best” offer, so have some idea of what your highest and best offer would be so you can respond to the bank in a timely manner.
One thing to keep in mind is that the seller- the bank- is very much like the Honey Badger in that Bank Don’t Care! This is strictly a business transaction, it’s all about the money, but by clearly understanding that the bank is concerned
with their bottom line, you can make them an offer they can’t refuse. How do you do that? Glad you asked!
Cash is king. If you can pay cash for a home your offer stands a better chance of being accepted. Many transactions fall apart because in the end the buyer can’t get financed for some reason or the other and financing a home typically takes 30 days or more, whereas most cash sales can close within two weeks. Banks know this and if two offers come in exactly the same except one is cash and one is financed, they are probably going to take the cash offer- wouldn’t you? If you are financing a home, make sure you have your finances in order before you submit a bid, and that your loan will work with foreclosed homes. Many loans require extensive inspections and foreclosed homes may not pass. Discuss these details with your lender and Realtor ahead of time so you all know what type of home you can purchase.
One of the things you might choose to do is to remove inspection contingencies. Not a good choice for the novice or inexperienced home buyer, but when you make an offer on a home, you have the option to get inspections done. Inspections are a very good idea, highly recommended, but if you are familiar with construction and understand what you looking at, you might choose to forego inspections. Many foreclosures will have all utilities turned off so you will not get a chance to test plumbing or electric, furnace and air conditioning. It’s crucial to be knowledgeable under these circumstances. If you do have inspections, you may have to pay to have the utilities turned on so be prepared.
Not asking a seller to pay your closing costs is a common way to boost the strength of your offer as well, as is being able to close as soon as possible.
What can you expect from a foreclosed home? Deferred maintenance. If someone cannot pay their mortgage, they are typically not in a position to make repairs on the home. Also, these homes could be left vacant for years before they are on the market. They may have had pipes burst, they may have had animals loose in them, the copper might be stripped, appliances will probably not come with the home, the furnace and air conditioner might be missing. Broken windows are not unusual, and if it has sat vacant for awhile, the water meter might have been removed by the county and someone has to pay to get it replaced- likely, that someone is you.
Cosmetically, foreclosures tend to fall into two categories, either the home needs work- carpet, paint, new cabinets and fixtures, or, the home had some
serious issues and the bank has paid for cheap fixes and cover-ups. If it looks too good to be true, it probably is, and there is always something unexpected that needs repair so make sure you have cash on hand for that.
Be prepared to sign reams of paperwork and disclosures, be prepared to act quickly, make sure you and your Realtor are signing everything that needs to be signed, and are submitting the offer in the manner requested- very crucial. If you have a doubt about either the process or the home, back away, think about it, and if necessary, move on. Know your limits, and share those with your Realtor so you do not get caught up in an unnecessary bidding war. It’s a good idea to keep looking at homes while you wait for the bank to respond to your offer. That can help you keep things in perspective, and you can quickly move on to another property if you lose the bid.
Foreclosures are not for everyone. They require cash reserves, knowledge, patience, flexibility, and preparation. If you are thinking at all about purchasing a foreclosure, discuss the pros and cons with your Realtor, ask if she might show you a few so you get an idea of what you are in for, and most importantly, be absolutely honest with yourself about your skills, experience, knowledge, and finances. Dayton is a great place to buy foreclosures, but only if you know what you are doing.

Dayton’s own Academy Award nominated, Emmy winning filmmakers Julia Reichert and Steven Bognar announce the launch of REINVENTION STORIES – a multiplatform documentary project which tells stories of Daytonians who have started over in their lives.






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Mardi Gras Artemis Gala 2013
Unique. One-0f-a-kind. Eclectic. Urban. If cookie-cutter spaces in the ‘burbs are not for you, you have two options in the city of Dayton- buy a historic home, or buy a
space for entertaining guests or clients. Very hard to find in the city of Dayton, this is 


As strange as that was, curiosity got the better of me, and I walked in. What is this place? Clean, but small – I didn’t have the feeling it would be my regular coffee joint. Especially when I saw the Keurig coffee maker behind the counter. In this age of pour over coffee (even though I still love my drip), I didn’t really imagine the market was ready for a ‘barista’ who made coffee via K-cup. I started to dig out a couple bucks and almost regret walking in.
add right-sized paper filters and you’ve got the opportunity to make your own K-cup at home for 1/2 the price of the boxed versions. Add in the bonus of making it with your favorite coffee flavors and you’re set to go. The only trash is the compostable paper filter that pops out easily and goes in the trash when done.
Activated Spaces, an initiative to fill downtown storefronts, is accepting applications for temporary retail and service businesses to open downtown this spring as part of the fourth phase of its Pop-up Project. The project matches business owners and entrepreneurs with downtown property owners who have first-floor storefront space available for occupancy.


The entire family was interviewed, and it was understood they could never return to their home country of the Congo. Innocent and his family were granted permission to apply to live in America.
The caseworker was also African, but from Somalia, so they didn’t share a common language. An interpreter who was a native of Kenya and spoke Swahili was called to help them communicate. The caseworker worked for Catholic Social Services, who had been charged with the family’s settlement in California. CSS would work closely with Innocent and his family for three months.



The Dayton Area Chamber of Commerce and the Soin family are partnering to offer the 
Nobody likes to pay taxes, but if we truly value education we have to pay for it somehow. Everyone is entitled to have their own political views, but people who have a moral opposition to the way in which schools are funded should make that argument in Columbus, not by using the children of our community as pawns in a political game. What I want for my tax dollars is accountability, or stated differently – I want to know that my money is being used wisely. Springboro currently has the lowest expenditure per pupil in the region and in the top three districts in the Dayton region. This indicates to me that we are spending the least and getting the most for our money. Thus we have an extremely efficient and effective system of education in Springboro. Logic would dictate that you would build upon such a system, but that is not the direction our board has chosen. Instead they perpetuate a myth that our schools are failing in order to accomplish political gain.
Why are they doing so? Because, perpetuating the myth manufactures a crisis situation, and such a situation often calls for radical action. Perpetuating the myth is the sheep costume that disguises the wolf. Perpetuating the myth keeps people from getting involved. Perpetuating the myth squashes civic pride. Perpetuating the myth helps levies fail, builds public discontent, forces talented employees to leave, and uses fear to justify the need for extreme actions. Perpetuating the myth is the lever needed to tip the domino – the first domino. If it falls, others will follow.
I took a little side tour on 
