Centerville Americana Festival

centerville-americana-festival

The Centerville-Washington Township Americana Festival started in 1972 as a sidewalk sale promoted by the city’s downtown merchants.  This year, more than 75,000 people will attend the festival and more than 100 volunteers will be working behind the scenes to make it all happen. In 2011 the Festival was the winner of the Best of Dayton Award for 4th of July events.  Read more about the Americana Festival.

There are TONS of events and family activities!

5K Run
The Miami Valley Hospital South / Up and Running,   Americana 5k Run/Walk

Parade
The highlight of the Americana Festival is the parade. The Parade begins at 10:00am on East Franklin Street, west of Centerville High School, and proceeds West to Cline Elementary on Virginia Avenue.

Street Fair
July 4th at 9:30AM. A Wide Variety of Activities for Young and Old Alike! Each year, the Street Fair continues to grow.  Featuring 300 craft and food booths, artists, musical entertainment and a children’s game and activity area.

Fireworks
July 4th @ 10:00PM. (By the Famous Rozzi Family).   Enjoy synchronized music to the Fireworks Display on Fly 92.9 FM beginning at 10:00 pm. The holiday fireworks end a spectacular day of entertainment.

6 Signs of a Neighborhood on the Upswing

153863462-232x150It’s hardly surprising potential home buyers often overlook transitional properties in favor prime real estate. Purchasing a home in a neighborhood on the upswing is likely to be more affordable and add value to your quality of life and bottom line over time.

As you go house hunting, keep in mind these six signs of a neighborhood on the upswing to find a great deal:

1. Neat Neighbors
The signs should be immediately apparent—in the form of trimmed lawns, pruned bushes, unbroken fences, nice flowerbeds, well-kept yards, absence of litter on the sidewalk/streets and local committees responsible for the area’s upkeep.

2. Quiet Streets
Nothing wreaks havoc on a homeowner’s experience more than the noise of traffic, industry or a commercial thoroughfare. If you want to sleep well at night in your new home, make sure your potential residence is located far away from major highways, railroad tracks and airports. In an upswing neighborhood, major road construction or road repair work is generally scheduled at night or at specific times to minimize resident inconvenience.

3. Proximity to Vital Services
The best real estate locations are neighborhoods that provide easy access to these vital services:
• Schools
• Doctors and hospitals
• Public transportation and major highways
• Grocery stores and shopping centers
• Entertainment and recreational facilities
• Safe outdoor parks and nature spots
Your REALTOR® and local media reports may have information about planned commercial and residential development for the area, which could boost the amenities available to the neighborhood.

4. Picture Perfect Views
The view has a major impact on a property’s appeal. Indeed, properties facing mountain views, greenbelts, water views and sweeping city views fetch up to 20 percent more in market value over second-rate views or no views at all. High views are worth more than low views, so if you own a penthouse, you could strike gold when you decide to sell.

5. Safe Stats
Everyone wants to live in a low-crime area, and neighborhood safety is an even greater concern for families with children and for single women who live alone. To determine how safe a neighborhood is, do the following:
• Check local crime rates. Also peruse the area’s Megan’s Law website to see if sex offenders live in the area.
• Look for well-lit roads and sidewalks, as well as working streetlamps that deter crime.
• Walls covered in graffiti can indicate the presence of gangs or a low-income area.
• Private parking spaces in front of the home or in a private garage are safer than parking on the street or in a public garage.
• Safe homes in an upswing neighborhood feature high-end security systems, strong door locks with deadbolts, well-lit driveways and fenced-in gardens.

6. Tips from a Neighborhood Specialist
Real estate agents who have up-to-date, hands-on knowledge of a particular area can be a big help in identifying a good neighborhood. They can provide vital information such as these key tidbits:
• Current home market values
• Appreciation/depreciation trends in the area
• History of the home and of the neighborhood
• Neighborhood amenities
• Neighborhood detractors and hazards

Home prices will fluctuate in any market, but a house in a neighborhood on the upswing is more likely to have hidden value than one in an already-popular area. As the upswing neighborhood grows into something sought-after, your home will attract greater numbers of prospective home buyers when it comes time for resale.

Article courtesty of: Realtor.com

How Long Does It Take to Buy a Home?

how-longConsumers considering a home purchase often want to get a handle on how it takes to actually buy a home.

The problem is this: it’s a surprisingly subjective and multi-layered question. Answers tend to focus on the typical time it takes to close a home loan once you’re under contract, which is usually 30 to 45 days.

That’s an accurate response, but it’s a vantage point that leaves little room between the starting and finish lines. The home-buying journey—from financial preparation and finding the right home to getting under contract and through closing—tends to take a lot longer.

The reality is there is no stock answer on how long it takes to buy a home, mostly because everyone’s journey is different. Here is a closer look at some stages and steps that can shape your home-buying timeline.

Building Credit & Savings

Signing a purchase agreement to buy a home is a key step, but it doesn’t mean much if you don’t have the credit and assets necessary to secure a mortgage.

You might need to spend time burnishing your credit profile or stockpiling savings in order to qualify for a home loan. Credit-score and down payment requirements can vary depending on the lender and the loan type. (Checking your credit scores before you begin your home search can help you determine if you need more time to build your credit. There are various services that allow you to check your credit scores for free, including Credit.com.)

Borrowers looking at a $300,000 home would need at least $15,000 in cash for a minimum down payment on conventional financing (5%) and at least $10,500 for FHA financing (3.5%).

The average conventional borrower in April had a 755 credit score, while the average FHA borrower had a score of 685, according to mortgage software company Ellie Mae.

Paying down debt, correcting mistakes on your credit report and other steps can help boost your score, rapidly in some cases. But some blemishes can take longer to clear up than others.

How long it takes to build that down payment nest egg depends on the borrower and their budget. Scraping together enough cash to simply meet those minimum requirements can take considerable time, especially for first-time buyers.

Finding the Right Home

Last year, homebuyers typically looked at 10 homes over 12 weeks before getting under contract, according to the National Association of Realtors.

But there’s no game clock on your home search. You can tour 50 homes over 50 weeks. You can buy the first showing.

It’s obviously the most personal part of the process, but it’s also a time when perfect can truly be the enemy of good. First-time buyers especially have to learn to balance wants and needs with the realities of their housing market and what they can afford.

That’s not always an easy—or quick—lesson to learn.

Loan Processing

For mortgage lenders, the home-buying clock starts once they get a copy of your purchase agreement. From there, work starts on getting the property appraised and all of your financial documentation in order for an underwriter to review.

Like credit and underwriting requirements, appraisal time frames can vary depending on the loan type. For example, most appraisals on VA loans are back within 10 days, but it might take longer in more remote parts of the country.

That 30- to 45-day window from contract to close is a good ballpark for most purchase loans, unless you are trying to buy a short sale (think more like 90 to 120 days). But understand it’s not uncommon for underwriters to require additional documents once they begin scrutinizing your loan file.

Borrowers can help speed the process along by returning those documents as quickly as possible. You don’t have a ton of control once you are under contract on a home, but this is one key area where your swift action—or lack of it—can have a big impact on your home-buying timeline.

Article courtesy of: Credit.com