Monthly Archives: February 2018

Real Estate Term of the Week

Seller’s Market: A market where there are more buyers than homes for sale. Since supply is less than demand, homes will be both higher priced and more attractive to buyers in the market. Low...

Real Estate Term of the Week

Debt-to-Income-Ratio: One way that lenders (including mortgage lenders) measure an individual’s ability to manage monthly payments and repay debts is debt-to-income ratio (DTI). DTI is calculated by dividing total recurring monthly debt by gross...

Real Estate Term of the Week

Material Defect: A specific issue with a system or component of residential property that may have a significant, adverse impact on the value of the property, or that poses an unreasonable risk. Examples of...

Must I Disclose Defects in My Home?

All sellers want to present their home in the best possible light. But in many states, including Ohio, you’re obligated to fill out a residential property disclosure form that requires you to reveal significant...