September home stats for Columbus and central Ohio
Below is the most current press release from the Columbus Board of Realtors on the housing market for central Ohio. Being politically correct they start off with the good news which is homes values have risen for central Ohio and that inventories of homes for sale are down from last year. Both of these are [...]
Read more from this Article »Foreclosure debacle explained
1. What is robo-signing is, and what all the fuss is about? The phrase robo-signing refers to what we’re now realizing has been a very common practice in the banks’ foreclosure document processing divisions, where one person was essentially given the job of signing as many 10,000 foreclosure documents per month, by hand. These individuals [...]
Read more from this Article »August home sales stats released: Home sales down, but prices up
Posted: 9/23/2010 Columbus Board of REALTORS® Central Ohio home sales last month were down from the previous year but the average sale price of a home sold is again on the upswing. The 1,605 homes sold in August was 19.5 percent lower than the previous year, but thanks to the tax credit earlier this year, [...]
Read more from this Article »Don’t Skip The Inspection On Bank-Owned Properties
I recently went through a home inspection with my buyer on a bank-owned property. The property was being sold as-is, with the inspection solely to satisfy the buyers curiosity and at the buyers discretion. To every one’s surprise, a large nest was found in the attic.
Read more from this Article »What is a good deal?
In a buyers market like we are experiencing one of the more common buyer comments I receive is “I want a great deal.” Of course what buyer doesn’t want a great deal? There are great deals out there but the problem is how one defines a good deal. How do you know a good deal when [...]
Read more from this Article »July home sales not as robust, inventory on the rise
Posted: 8/24/2010 Columbus Board of REALTORS® Although the first half of 2010 saw home sales increase up to 39 percent over 2009, July saw a decrease of 28.6 percent in sales. “The expiration of the homebuyer tax credits created incredible activity last spring,” said Sue Lusk-Gleich, President of the Columbus Board of REALTORS®, “so we’re [...]
Read more from this Article »Beware when buying a home from the listing agent
If you are a home buyer and end up buying a home directly from the listing agent you won’t have anyone on your side. Simply put you are using the agent the seller hired to get the best price and terms for them. A listing agent is hired by the seller to sell the house. How can they possibly try [...]
Read more from this Article »Relocating or Buying in a New Area
If a sudden job transfer is in your future, or if you want to move to a new area in the same city, a little pre-planning can help make your move less stressful. Because after the excitement of moving to a new city begins to fade, panic often replaces the initial exhilaration, especially when the [...]
Read more from this Article »June Stats Released: Sales strong, inventory incredible
I expect to see lagging home sale stats for the next month or two, mainly due to the expiration of the tax credit and lack of consumer confidence. Moving forward, I would expect a slow and steady recovery.
Read more from this Article »How do you know a good deal when you see it?
I have a buyer making an offer on a home listed at $650,000 in Blacklick Ohio. It was built 10 years ago for $687,000. The listing agent has hinted we could probably negotiate a quick deal at $600,000. Looking at comps and homes for sale the home is a good deal under $620,000. At $600,000 it [...]
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