How To Win A Bidding War


How To Win A Bidding War – If the real estate market is situated so that there are more buyers than sellers, it’s easy to find yourself in the middle of a bidding war. With the real estate market heating up for buyers, it’s very possible that you might have to outbid someone else for your dream home. If you find yourself in a bidding war, here are 4 great tips to keep in mind that can help you come out on top.

  1. Be organized. Organization is key when buying or selling a home in a high demand real estate market. Sellers want any incoming offers to be easy to read and concise. Make sure you know the answers to several important questions – Is there a deadline to submit offers? Is there a specific offer format the seller wants to see? Are there any other factors that might be important to the seller?
  2. Make an offer that will stand out. If you’re buying a home in a fast-paced real estate market, make sure your offer won’t be seen as too low to the sellers. Make sure your offer is strong and is going to stand out among other offers.
  3. Sweeten the pot. When you’re competing with multiple offers, it’s key to be prepared. If you’re able to pay with cash, that’s a major plus in the eyes of the seller. Not everyone is able to do this, so show the seller you’re serious by getting a pre-approved loan.
  4. Don’t delay closing. Sellers are interested in closing quickly. When handling multiple offers, it’s advantageous to make an offer with few contingencies. Make sure you don’t skip the inspection contingency, however.

If you find yourself in a bidding war, remember these 4 tips to help you come out on top. Did we miss any great tips? Let us know in the comments!


How Interest Rates Affect Your Purchase Price

How Interest Rates affect - pam banner

How Interest Rates Affect Your Purchase Price – When considering buying a home, it’s important that buyers understand how interest rates affect the purchase price. Interest rates play a large role in ultimately determining how much a buyer will pay for a home; it’s not just the sticker price. Read on for more information on how interest rates affect the price of a home from, Investopedia, and Home Guides.


Fixed Rates and Bond Interest

Most fixed mortgage rates are heavily based on the same yields that are tied to 10-Year U.S. Treasury Bonds. Homebuyers can determine current interest rate changes for 30 year fixed mortgage rates by examining yields for 10-Year bonds in the market.

The important thing to remember is that if bond yields increase, so do mortgage rates and vice versa.


The Fed

The U.S. Federal Reserve sets a rate at which it lends money to banks and other financial institutions, which in turn affects the rate at financial institutions lend to individuals seeking to buy. In 2014, the Fed announced it would be raising interest rates by the end of the 2015-year, which is something home-seekers may want to consider if planning when to buy.


ARMs (Adjustable Mortgage Rates)

Adjustable mortgage rates are determined by the Federal Reserve rate. These rates change often, every 6 moths to a year, depending on the terms of the mortgage. Though there are different mortgage indexes assigned to different adjustable rate mortgages, they tend to move up and down similarly as the economy fluctuates.


Economic Climate

When the economy is doing poorly, interest rates start to drop, as do mortgage rates. In a questionable economy, investors often place their funds in the bond market, creating higher demand and lower yield. Anytime such large quantities of cash are taken out of the stock market, interest rates tend lower.



There is no #1 predictor to calculate when interest rates will drop. However, keeping a close eye on current economic affairs is a good indicator of where investors will place their money.  When interest rates lower, homeowners are more likely to take out loans because the cost is low and seemingly more affordable. This can even contribute to a rise in the sale of homes, which consequently can lead to the increase the cost of homes in the short or long term. There is no silver bullet to the best answer or the best timing to invest in a new home. So when considering buying, homeowners may want to worry more getting a good solid rate, and worry less about getting the cheapest deal possible.


The interest rate you get is going to depend on the market and the price and type of home you buy, but it’s important to understand how interest rates affect the final cost of the home before you buy. For more information on interest rates and home buying, check out these articles from, Investopedia, and Home Guides.



Why the Spring Real Estate Market Is So Busy

spring market pam banner

Why the Spring Real Estate Market Is So Busy – Spring has always been a busy time for real estate, but why is that? According to and, there are a number of reasons for a busy spring real estate market, one of which is related to the warmer weather. People typically choose to buy or sell a home in the Spring because it puts them moving in a warm month, versus in the freezing cold winter months. Another reason for a busy Spring market revolves around the school year. Families with kids in school choose to move in the spring or summer so they can get settled before the next school year starts in the fall. Here are some of the other reasons for a busy market in the Spring:


Millennials are ready to buy: Say goodbye to the Generation X population and hello to the Millennial population in the buyers market. Rental rates are increasingly on the rise, and as such, this sizable population represents a large portion of new homebuyers this spring. As reported by, millennials make up about 65% of first time buyers. Additionally, the Millennials’ age range is currently 20-35, a prime time to buy a first home or purchase a bigger home to make room for growing families.


Fannie and Freddie are here to help: A new program by Fannie Mae and Freddie Mac is available to first-time homebuyers with a steady income and solid credit score. This program allows some new homebuyers to purchase with rate as low as 3% down, rather than the traditional 10% to 20% down payment. Likely Millennials and more are utilizing this accessible and affordable option to purchase their first homes this spring.


Interest rates will soon rise:  Mortgage interest rates have been hovering near zero for the past five years, but things are about to change. In 2014, the Federal Reserve officially announced that federal fund interest rates, which directly affect mortgage rates, are likely to increase by the end of 2015. As a result, homebuyers are smart to take advantage of these low interest rates while they possibly can.


Foreclosures are falling: Foreclosure property numbers are diminishing after many years, the end result being that the composition of home sales is finally normalizing. Correspondingly, this leads to a decreased number of foreclosure and short sales in the market mix, resulting in improved sales for sellers overall.


For all of these reasons Spring is the number one time to buy or sell your home. If you’re thinking of buying or selling this year, aim for springtime so you can take advantage of a market that is saturated with buyers and sellers.


10 Spring Plants and Flowers For Your Garden


10 Spring Plants and Flowers For Your Garden

Liven up your flower boxes this Spring with 10 of these beautiful early blooming flowers found on Better Homes and Gardens website.


Pansies prove to be the perfect spring flower because they love the shade, and you can relish in the variety in bloom color for months to come.

Growing conditions: Sun or part shade and moist, well-drained soil

Size: To 10 inches tall and 12 inches wide

Snowdrop Anemone

Snowdrop Anemone will flourish even in a slightly shaded spring garden. The plant may even put on a second bloom once the cooler temperatures of the fall season come.

Growing conditions: Full sun or part shade and moist, well-drained soil

Size: To 6 inches tall and 12 inches wide


Beginning in march, this tree will bring your garden or yard a wild display of pink beginning in March and lasting throughout the summer season.

Growing conditions: Sun or part shade and moist, well-drained soil

Size: To 30 feet tall and wide


This cottage-garden favorite’s sweet spring fragrance will fill your garden with unprecedented beauty, as it comes in all shapes and sizes. Also, the lilac usually blooms on old wood, so you might want to hold off on pruning until after the flowering is finished.

Growing conditions: Full sun and well-drained soil

Size: To 20 feet tall and wide

‘Acoma’ Iris

This flower comes in all colors, making them a perfect colorful addition to your springtime.

Growing conditions: Full sun and well-drained soil

Size: To 34 inches tall and 12 inches wide

Grape Hyacinth

This flower resembles bundles of grapes and make one of the most beautiful and best flowers to add to your garden.

Growing conditions: Full sun or part shade and well-drained soil

Size: To 8 inches tall and 6 inches wide

‘Harmony’ Iris

Dwarf wild iris pops with deep, wild purple or blue is a welcome contrast to many of spring’s pastel flowers.

Growing conditions: Full sun and moist, well-drained soil

Size: To 6 inches tall and wide


This spring flower has a range of shapes and sizes, and honestly, what is spring without Daffodils?

Growing conditions: Full sun and well-drained soil

Size: To 1 foot tall and wide


The Tulip brings about native cheerfulness and beauty, making itself fit in any garden setting.

Growing conditions: Full sun and well-drained soil

Size: To 2 feet tall and 1 foot wide


Inside the blooms of snowdrift are striped flowers that offer surprising color variation. Make your garden one of a kind with these beauties.

Growing conditions: Sun or part shade and moist, well-drained soil

Size: To 8 inches tall and 6 inches wide

Were these flower tips from the Better Homes and Gardens website helpful? Let us know in the comments below!

Things To Do In Central Ohio: April 2015


Things To Do In Central Ohio: April 2015 – Spring is finally here! What are your plans for the month? With warmer weather approaching, there are lots of things to do around the Perrysburg area! From family fun events to a good concert, we’ve covered the best Perrysburg has to offer you this month below:

Weak Signals R/C Model Expo

SeaGate Convention Centre

April 10th, 11th & 12th, 2015

Artomatic 419!

presented by The Arts Commission

One Lake Erie Center (600 Jefferson Avenue)

April 11th, 16th, 18th, 19th & 25th, 2015

Toledo Mud Hens Opening Day

Fifth Third Field

April 16th, 2015

Record Store Day

Local Independent Record Stores

April 18th, 2015

Annual Toledo Sister Cities International Festival

University of Toledo Student Union

April 18th, 2015

Are you ready for spring now? Let us know which one was your favorite event.

5 Ways a Home Improvement Contractor Can Help You

3.17_FPamStrassner (1)

5 Ways a Home Improvement Contractor Can Help You

If you’re gearing up for a home improvement project, you’ve probably considered getting a home improvement contractor.  While it may seen expensive or unnecessary, hiring a contractor can benefit you in both the short and long runs.  Check out these reasons why hiring a home improvement contractor can help you.

Cheaper in the Long Run

Would you rather get something right the first time?  Hiring a contractor can help you do just that.  It will lessen the margin of error since a professional will be on the job.  This could save you some money, time, and even embarrassment.  Why finish a project on your own only to find you did something wrong? Do the smart thing.  Hire a contractor to get it right.

Higher Quality

Not all do-it-yourself jobs turn out poorly completed, but consider that doing renovations is these contractors’ jobs.  That being said, you can expect a level of planning and labor higher than you can produce.  Think about it.  Do you know the proper materials?  Do you know how to design what you are imagining?  Consider higher quality work; consider a contractor.

What if Something Goes Wrong?

What do you do if you get stuck halfway through your project?  Will you know how to fix problems that arise?  If you do, great.  But keep in mind that contractors not only plan projects out in their entirety, but also can adjust mid-project should an issue occur.  A contractor can finish your project and even avoid getting stuck altogether.

Contractors are Insured

This is their job.  Should something go wrong on the site, they are insured.  What if you get injured in the process of doing your own renovations?  This could pose a potential threat to your safety, your finances, or your job security.  Your insurance may not cover that kind of accident.  Check your policy but remember that contractors have that all taken care of.

Time and Physical Labor

You may want to take this project on yourself, but do you have the time to do so?  Are you able to lift heavily materials for long periods of time?  It may be tough to pencil a renovation into your schedule.  Consider this; contractors have the time and the physical ability to do what you need.  Again, this is their job.  Hiring one could mean a lot less stress on you, your family, and your wellbeing.

Home renovations are a big undertaking.  Getting a home improvement contractor will help you get on the right track, complete your project, and ensure that it doesn’t need to be redone.  It’s a solid investment and can save you a lot in the long run.

How To Get More Online Exposure When You Sell Your Home

banner - pam

How To Get More Online Exposure When You Sell Your Home – Selling your home can be quite a daunting task, but in order for you to make a quality return on your investment, you want to make sure you market your home accordingly. Whether you have extensive knowledge of the market or this is your first rodeo, it is helpful to immerse yourself on the most up-to-date marketing tactics. Here are five ways to get more online exposure when you sell your home.


You have the option to either hire a photographer, or take the photos yourself; but when it comes to images of your home, the more the better. If potential buyers are able to see your home and fall in love with it in pictures, they’re more willing to come in with a plan – and an offer.

List on Several Services

List your home online for several different services, to increase the number of people who will have the opportunity to see it. Take advantage of sites like Zillow, where you can list your home for people who are looking for something in your area.

Create an Interactive Floorplan

You might catch the eye of a buyer who is located out of town if you provide them with an interactive floorplan. This will allow them to explore how they can make your house into their home.

Social Media

It is the era of social media, so what better way to market your home than with the effective marketing tool? Post links to draw attention to the home selling services that your home is listed on. Use relevant hashtags, like #forsale or #homeforsale, to attract people who are on the hunt.

Consult a Professional

Your real estate agent will also be helpful in getting you the maximum online exposure, which will inevitably get you more bang for your buck. In this day and age, everything is online so it is crucial to create a presence for your home.

There are a number of ways you can use the internet to get more online exposure for your home sale. To learn more about how to get more online exposure when you sell your home, visit here.