How does my credit score effect my purchase power? 
A credit score is a number that represents a person’s credit ​worthiness. A buyer’s payment history comprises the biggest part of their credit score – 35%.  As a rule, lenders are looking for FICO scores over 650 and those with scores of 760 and above usually get better interest rates. Just one 30-day late payment ​can throw a score off by as much as 50 points. 

Frequently asked questions

Do I have to pay a real estate agent?  The real estate agent's commission is typically paid out of the Seller’s proceeds when the home is sold. 

What the difference between a Realtor® and Real Estate Agent? Real estate agent: is anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker or a broker. State requirements vary, but in all states you must take a minimum number of classes and pass a test to earn your license.  REALTOR®: A real estate agent who is a member of the National Association of REALTORS®, which means that he or she must uphold the standards of the association and its code of ethics.

Do credit Inquiries hurt my credit score? Hard versus Soft Credit Inquiries – Consumers are entitled to a free copy of their credit report once a year. When a consumer asks about their own credit score, it’s considered a “soft inquiry”, which doesn't impact their FICO score.  Credit card, insurance companies, banks, and others can also make soft inquiries, in order to identify consumers for marketing purposes.  In contrast, “hard inquiries” for a consumer’s credit history are made if you apply for a loan, a mortgage, or open a new credit card. Depending on other factors, too many hard inquiries could have a negative impact on a consumer’s FICO scores. If you want to prevent companies from accessing information about you thru credit bureaus, then soliciting you with preapproved credit or insurance offers, go to

How do I want the home titled? Something to think about if you're going to might want to have set up the initial title to include “right of survivorship/ transfer on death” language, or you should have a will in place designating the distribution of real estate owned. “Non-probate” property (e.g. property held joint with right of survivorship, transfer on death property) passes directly to the named beneficiary upon the decedent’s death outside of the probate estate.  If you don’t have either of the above, the property must go thru probate, which is the court procedure that must be followed in order to distribute any “probate” property the decedent owned at death. Thru probate, the property must be distributed under Ohio intestacy law. With certain exceptions, designated beneficiaries under Ohio intestacy law cannot receive land or personal property until the probate court approves its transfer.  If you want to add someone to the title of your property, the title company where you initially closed can help you with this request.  There is a nominal fee as well as a fee for recording the new deed.​

What's title insurance? Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. Each title insurance policy is subject to specific terms, ​conditions and exclusions.

Common Title Problems? Title problems can surface after you close on your home. Some of the ​more common title problems include:

  • Errors in public records
  • Unknown liens resulting from unpaid debts of former owners
  • Missing heirs who come forward years after the sale
  • Forgeries, like forged or falsified documents
  • Survey or boundary issues that may affect your ownership 
​Tom & Diane Miller  614-416-5457